On this post you’ll find the answer to Etoro Contact Australia….Questions that i speak with new financiers what if you’re brand new to investing you just don’t want to decide what you in fact wish to invest and you desire someone to do it for you there’s only a number of ways that that can occur the to start with you can hire an investment portfolio manager they’ll usually charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular funds are produced once again with an account supervisor in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios too now if you’re brand new to an overall please keep in mind this platform is rather advanced you can do cfds which of course cfds are ways of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform do not simply presume due to the fact that i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they give that alternative also so you really get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in real business if you select to in this particular video we’re talking about how to copy other people’s investments with your money so clearly your capital is at risk and we have to bear that in mind do not simply do something because that individual has said they’ve made earnings 14 months in a row invest in these options due to the fact that you think is the best ones for you which being said let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is most likely.
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popular for it’s the choice to see what other traders are doing incredible we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can really state i want to do precisely what that trader is doing or match that exact portfolio of choices and generally each time they make a trade they purchase they sell whatever they do your money will be simulated with it so that suggests if for example 10 of their 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 included actually crucial you understand what are the expenses of this now with any platform there will be some cost to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero charge sites then may not charge you for in fact buying and selling etfs or funds private commodities specific stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand prior to you in fact start buying copy trading or copy portfolios and lastly some best guidance best practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s start with costs actually important to comprehend these now on there’s a couple of costs there isn’t charges to do with actually buying and selling fine so commission fees are complimentary however there are a number of other costs the first one is withdrawal costs so you can undoubtedly put cash in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your money so you offer your shares you sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m only withdrawing when i definitely require to now you might state all right that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply one of those alternatives that they have a lot of platforms obviously are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every 6 months you understand depends totally how you’re investing however that is a charge to keep in mind the 2nd cost that i have actually touched upon is that conversion cost now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s great that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and two open market anybody this is basic they have i expect stuck to whatever fee they charge for that conversion rate you kind of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they really providing you in terms of your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and say provide me us dollars rather you need to pay their costs now the great aspect of however when you’ve transformed your money you do not need to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s actually great utilizing that part of their website won’t certainly restrict you in any way however we need to be aware of 2 other fees the very first being what’s called spread fees fine and i’m going to show you what i mean on now a spread charge as i’m going to show you
on is essentially the difference that becomes 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 right now tesla’s dollar worth 599 per share in tesla that actually implies 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 price of tesla is the value of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of profit from you whenever you do a purchaser’s share so keep that in mind clearly it’s more expensive to buy than it is to offer so they’re going to give you less back with your sale and you say fine well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference 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 charges it’s typically extremely small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a little bit cash now the last accomplishment is called an
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overnight charge now this is really crucial if you’re really utilizing cfds yourself also an over night fee is when you’re refraining from doing that buy offer deal in the same day all right there’s then an over night fee charged and even if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one take advantage of which suggests you’re in fact buying the exact possession rather than utilizing utilize anyhow you will not get hit with these fees however these fees are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the same day so let’s state if you enter into the aid section this isn’t the overnight charges info 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 overnight or you’re doing over weekends and that just applies as i said to cfds there are some additional charges naturally depending on what you are investing in too this is on your own so keep that in mind but complete fees are completely within their assistance details fine and we spoke about along with totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of really utilizing these copy functions they do not have any extra costs on top of the regular costs that
exist now what you require to bear in mind though is these potentially managed by other individuals entirely or sometimes have developed portfolios you’ve got a real person doing the management you need to make certain you select the individual that’s right for you just like any line of work this is your financial properties so we absolutely require to make sure it’s the right person for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of various choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are using your own money however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money possibly this is a great choice for you again to evaluate the theories all right you might wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe have fun with it undoubtedly you might have missed out on gains and losses throughout that time obviously if you had actually invested your real cash it permits you to build confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to remember before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i imply by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of just indicates am i all right with possibly losing an excellent amount of this financial investment or gaining as
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well now keep in mind everything is ups and downs you will earn money you’ll lose cash that’s why they make the statistic 75 individuals will lose money however that similarly implies they’ll lose eventually in their journey clearly individuals do generate income too and i have actually got videos everything about how you can make certain you are among the people to really generate income but in this scenario ensure you research study your risk level would you be alright offering your cash to another person which is successfully what you’re doing and trusting them make certain you understand what they’re buying completely if you’re somebody who isn’t wishing to be that dangerous don’t pick someone who’s completely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really utilize this too really easily over here you can copy people now it will offer you a great deal of choices and you can use the system to really look for somebody that you elegant in fact following so let’s see maybe we desire somebody from joined kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can find everybody who has met that criteria and it does give you a danger factor also so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you alright with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she in fact buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine actually that i buy too which is good so in fact for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production business as that. Etoro Contact Australia.
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