On this post you’ll find the answer to Etoro Consob….Questions that i hear from brand-new financiers what if you’re brand new to investing you simply do not wish to choose what you in fact want to invest and you want somebody to do it for you there’s just a couple of ways that that can take place the first off you can work with a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is of course you can buy mutual funds specific funds are developed once again with an account manager in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios also now if you’re brand new to an overall please remember this platform is rather advanced you can do cfds which obviously cfds are ways of investing
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with not really having the total of capital so with anything that you’re learning more about please do study the platform do not simply presume due to the fact that i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they consider that option as well so you in fact get used to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in real companies if you pick to in this particular video we’re discussing how to copy other people’s financial investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not simply do something because that individual has said they have actually made earnings 14 months in a row buy these choices due to the fact that you think is the best ones for you which being said let’s dive straight in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is probably.
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well-known for it’s the option to see what other traders are doing amazing we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our cash we can really say i wish to do precisely what that trader is doing or match that specific portfolio of options and basically whenever they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that suggests if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees involved truly vital you comprehend what are the expenses of this now with any platform there will be some cost to certainly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the zero fee websites then might not charge you for really buying and selling funds or etfs individual commodities private stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to understand prior to you really start purchasing copy trading or copy portfolios and lastly some finest recommendations finest practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s begin with charges truly essential to understand these now on there’s a couple of fees there isn’t fees to do with actually buying and selling fine so commission costs are free however there are a couple of other costs the first one is withdrawal fees so you can undoubtedly put cash in now if you’re in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your money so you offer your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might say fine that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are simply one of those choices that they have a great deal of platforms certainly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every 6 months you know depends totally how you’re investing but that is a charge to remember the 2nd charge that i have actually discussed is that conversion fee now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’s great that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading 2 and 2 free trade anyone at all this is standard they have actually i expect stuck with whatever cost they charge for that conversion rate you sort of need to accept you understand if you want to utilize their platform go from uk to us then that conversion charge is there what are they in fact offering you in terms of your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and say give me us dollars rather you have to pay their fees now the fantastic feature of however when you’ve transformed your cash you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s really good using that part of their website will not certainly limit you in any way nevertheless we have to know 2 other costs the first being what’s called spread costs all right and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is generally the difference that is part of the investment platform between the buy cost and the price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that actually means that when you want to offer or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing cost of tesla is the worth of a share what’s called spread costs is the difference then in fact to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you every time you do a buyer’s share so keep that in mind obviously it’s more pricey to buy than it is to offer so they’re going to provide you less back with your sale and you state all right well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread out fees it’s generally incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit money now the last task is called an
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over night cost now this is actually crucial if you’re in fact using cfds yourself as well an over night fee is when you’re refraining from doing that buy offer transaction in the very same day okay there’s then an overnight fee charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which indicates you’re in fact buying the exact property rather than utilizing take advantage of anyway you will not get hit with these fees but these costs are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s say if you go into the aid area this isn’t the overnight costs details you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only uses as i said to cfds there are some added fees obviously depending upon what you are purchasing also this is on your own so keep that in mind but complete fees are totally within their assistance info all right and we spoke about along with totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two various ways of really utilizing these copy works they don’t have any extra charges on top of the regular charges that
exist now what you require to remember though is these potentially handled by other individuals completely or in some cases have actually produced portfolios you have actually got a real individual doing the management you need to make certain you choose the person that’s right for you just like any kind of work this is your financial properties so we absolutely need to ensure it’s the best individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of various options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your charge card details or anything you can generally have this virtual portfolio simulate as if you are using your own money however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money maybe this is a great option for you once again to evaluate the theories alright you may wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to type of safe play with it certainly you may have lost out on gains and losses during that time naturally if you had actually invested your genuine cash it enables you to build confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to keep in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i imply by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just implies am i all right with possibly losing a great quantity of this investment or getting as
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well now remember everything is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 individuals will lose cash but that similarly implies they’ll lose at some point in their journey certainly people do make money also and i have actually got videos everything about how you can make sure you’re one of the people to actually generate income but in this scenario make certain you research your danger level would you be fine offering your money to somebody else which is effectively what you’re doing and trusting them ensure you comprehend what they’re purchasing completely if you’re somebody who isn’t wishing to be that risky do not choose someone who’s totally into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong products
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like gold and even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can actually utilize this too really easily over here you can copy people now it will offer you a great deal of choices and you can utilize the system to in fact search for someone that you fancy really following so let’s see perhaps we desire someone from unified kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has fulfilled that criteria and it does give you a threat aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to verify are you all right with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she really purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got some of mine really that i buy too which is great so in fact for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s also got a little bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production companies as that. Etoro Consob.
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