On this post you’ll find the answer to Etoro Copytrader Seri√∂S….Questions that i speak with new investors what if you’re brand new to investing you just don’t wish to decide what you really want to invest and you desire somebody to do it for you there’s only a number of manner ins which that can happen the first of all you can employ an investment portfolio supervisor they’ll typically charge a rather 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 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 a total please remember this platform is quite sophisticated you can do cfds which of course cfds are methods 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 don’t just assume because i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they consider that alternative too so you really get used to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re buying real companies if you select to in this particular video we’re speaking about how to copy other people’s financial investments with your money so obviously your capital is at danger and we need to bear that in mind do not simply do something because that individual has said they’ve made revenue 14 months in a row purchase these choices because you think is the ideal ones for you and that being said let’s dive directly in [Music] so the things we’re going to cover in this video is understanding 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 alternative to see what other traders are doing extraordinary we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can actually say i wish to do precisely what that trader is doing or match that precise portfolio of choices and basically every time they make a trade they buy they offer whatever they do your money will be simulated with it so that means if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees involved truly crucial you understand what are the costs of this now with any platform there will be some expense to certainly these are real companies that are investing they’re doing the buying 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 really buying and selling funds or etfs individual products individual stocks.
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there’ll be charges on other parts perhaps 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 reveal you the charges with in particular in this video the next would be things to know before you in fact start investing in copy trading or copy portfolios and lastly some best suggestions finest practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s begin with costs actually essential to understand these now on there’s a couple of fees there isn’t fees to do with actually buying and selling alright so commission costs are totally free however there are a couple of other fees the very first one is withdrawal fees so you can undoubtedly put cash 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 in the future but when you wish to withdraw your money so you sell your shares you offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five 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 may say fine that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are just one of those alternatives that they have a lot of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every 6 months you know depends completely how you’re investing but that is a charge to remember the second charge that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not a choice to purchase in euros or uk and that’s fine 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 and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading two and 2 open market anyone at all this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you kind of need to accept you know if you want to use their platform go from uk to us then that conversion charge exists what are they in fact 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 state offer me us dollars instead you have to pay their costs now the fantastic thing about though when you’ve transformed your money you do not have to invest it right away that dollar value can sit in your portfolio as money 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 happens now with copy trading and copy portfolios there aren’t any additional fees so that’s actually excellent utilizing that part of their website will not definitely restrict you in any way however we have to know two other charges the first being what’s called spread fees okay and i’m going to reveal you what i imply on now a spread charge as i’m going to show you
on is generally the distinction that is part of the investment platform between the buy rate and the sale price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that in fact implies that when you wish to offer or purchase as you can see it’s not the rate you’re seeing up here let me show you that again so the present cost of tesla is the value of a share what’s called spread charges is the distinction then really to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind obviously it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you say fine well why does that happen 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 sell it and that is how they make a little bit of money on those spread out fees it’s generally incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a little bit cash now the last accomplishment is called an
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over night charge now this is actually crucial if you’re really using cfds yourself as well an overnight fee is when you’re not doing that buy offer transaction in the very same day all right there’s then an over night charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which means you’re in fact buying the specific property instead of utilizing take advantage of anyhow you will not get hit with these costs however these costs are if you’re using utilize and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s say if you go into the help section this isn’t the over night costs details you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that just uses as i said to cfds there are some additional charges of course depending upon what you are purchasing as well this is on your own so keep that in mind but full charges are entirely within their assistance details okay and we discussed as well as totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of in fact using these copy works they don’t have any additional fees on top of the typical charges that
are there now what you need to remember though is these possibly handled by other individuals totally or sometimes have developed portfolios you have actually got a genuine individual doing the management you have to make sure you select the individual that’s right for you much like any kind of work this is your financial assets so we absolutely need to make certain it’s the best individual for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of different options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative 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 money that you’re investing you won’t need to put in your credit card details or anything you can generally have this virtual portfolio simulate as if you are using your own money however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine money possibly this is an excellent choice for you once again to check the theories okay you may wish to buy tesla or apple or this etf why not use the virtual option as a way to sort of safe have fun with it certainly you might have lost out on gains and losses during that time of course if you had actually invested your real cash it permits you to construct confidence understand 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 individuals and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i suggest by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just means am i okay with possibly losing a great quantity of this investment or gaining as
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well now remember whatever is downs and ups you will earn money you’ll lose cash that’s why they make the statistic 75 people will lose money but that equally means they’ll lose at some point in their journey clearly people do generate income as well and i have actually got videos everything about how you can ensure you are among the people to actually earn money but in this situation ensure you research your threat level would you be okay offering your cash to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re someone who isn’t wishing to be that risky do not choose somebody who’s totally into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products
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like gold or perhaps oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact use this too really easily over here you can copy people now it will offer you a lot of choices and you can use the system to really search for someone that you expensive actually following so let’s see perhaps we desire someone from joined kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everyone who has satisfied that requirements and it does offer you a risk factor too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to verify are you fine 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 in fact 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 good to know ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is good so really 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 appears to be what she prefers she’s likewise got a bit more um of the type of primary food business and you have actually got you understand pharmaceutical and production business as that. Etoro Copytrader Seri√∂S.
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