On this post you’ll find the answer to Etoro Copy Trading Guru….Questions that i speak with new financiers what if you’re brand new to investing you just don’t wish to choose what you actually want to invest and you desire someone to do it for you there’s only a couple of manner ins which that can take place the first of all you can employ an investment portfolio manager they’ll generally charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds particular funds are created 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 as well now if you’re brand new to a total please bear in mind this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform don’t just assume because i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they give that option too so you actually get used to the structure of the website and after that when you’re ready to utilize 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 purchasing real companies if you choose to in this particular video we’re discussing how to copy other individuals’s investments with your cash so obviously your capital is at danger and we have to bear that in mind do not simply do something since that person has said they have actually made revenue 14 months in a row buy these choices since you think is the ideal ones for you which being stated let’s dive directly 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 most likely.
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well-known for it’s the choice to see what other traders are doing unbelievable we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can actually say i want to do precisely what that trader is doing or match that exact portfolio of choices and essentially every time they make a trade they purchase they offer whatever they do your money will be simulated with it so that indicates if for example 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 costs involved truly 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 buying the selling for you there’s going to be charges involved and even a few of the zero cost sites then might not charge you for really buying and selling funds or etfs individual commodities private stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you actually start purchasing copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s start with costs truly essential to understand these now on there’s a number of costs there isn’t charges to do with actually buying and selling all right so commission fees are free nevertheless there are a couple of other costs the very first one is withdrawal fees so you can undoubtedly put money in now if you remain in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your cash so you sell your shares you sell your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally understanding that i’m going to ensure that i’m only withdrawing when i absolutely require to now you may state fine that’s quite expensive 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 among those options 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 perhaps even once a year when every six months you know depends entirely how you’re investing however that is a cost to keep in mind the second cost that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not a choice to purchase in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading two and two free trade anyone at all this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you type of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost is there what are they actually providing 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 state provide me us dollars rather you have to pay their charges now the fantastic thing about though when you have actually transformed your money you do not need to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s actually great utilizing that part of their website will not definitely limit you in any way however we need to know 2 other costs the very first being what’s called spread charges alright and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you
on is essentially the distinction that is part of the financial investment platform between the buy rate and the price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that in fact means that when you wish to offer or purchase as you can see it’s not the price you’re seeing up here let me reveal you that again so the current 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 make money from you each time you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to offer so they’re going to offer you less back with your sale and you state fine well why does that occur it just does that is the nature of a lot 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 costs it’s typically incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a little bit money now the last feat is called an
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overnight fee now this is really essential if you’re in fact using cfds yourself also an over night charge is when you’re not doing that buy sell deal in the same day okay there’s then an overnight charge charged and even if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which implies you’re in fact buying the specific possession rather than using take advantage of anyhow you will not get hit with these costs but these fees are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy offering in the same day so let’s state if you go into the aid area this isn’t the overnight fees details you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which just uses as i stated to cfds there are some added fees of course depending upon what you are purchasing also this is on your own so keep that in mind but complete charges are completely within their help information okay and we spoke about as well as complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of actually using these copy functions they do not have any extra charges on top of the normal costs that
are there now what you require to remember though is these potentially handled by other individuals completely or sometimes have developed portfolios you have actually got a real person doing the management you need to make sure you pick the individual that’s right for you similar to any type of work this is your monetary assets so we definitely require to ensure it’s the best person for us before we copy them so the first things i would call it if you do want to use this function we’ve got a couple of various options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your charge card information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own cash but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash perhaps this is an excellent choice for you again to evaluate the theories fine you might want to buy tesla or apple or this etf why not utilize the virtual choice as a way to type of safe play with it clearly you might have lost out on gains and losses throughout that time naturally if you had actually invested your genuine money it enables you to develop self-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 in fact how to copy people and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i imply by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk just implies am i alright with potentially losing an excellent amount of this financial investment or acquiring as
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well now remember everything is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 people will lose money but that equally implies they’ll lose at some point in their journey clearly individuals do earn money also and i’ve got videos everything about how you can make sure you’re one of individuals to really generate income but in this circumstance make certain you research your danger level would you be alright giving your cash to someone else which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re somebody who isn’t wanting to be that dangerous do not choose somebody who’s totally into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong products
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like gold and even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact utilize this too actually quickly over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to actually look for somebody that you fancy really following so let’s see maybe we want someone from unified kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has actually satisfied that requirements and it does offer you a threat aspect 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 people that have quite high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not suggest 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 basic as clicking the copy button and off you go and then you know ask you to validate are you all right with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she actually investing in so let’s enter 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 certainly like sort of into those blue box and the tech market she’s got some of mine really that i invest in too which is great so actually for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s also got a little bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Copy Trading Guru.
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