On this post you’ll find the answer to Etoro Costa….Concerns that i hear from new financiers what if you’re brand new to investing you simply don’t wish to choose what you in fact want to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can happen the first of all you can hire a financial investment portfolio manager they’ll generally charge a quite a high premium to do that possibly one or two percent of your earnings will go to them the other thing is of course 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 also now if you’re brand new to an overall please remember this platform is quite sophisticated you can do cfds which obviously cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform don’t simply assume since i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that option as well so you really get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re purchasing genuine business if you pick to in this particular video we’re speaking about how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at threat and we have to bear that in mind do not just do something because that person has actually stated they have actually made profit 14 months in a row buy these options due to the fact that you believe is the right ones for you which being stated let’s dive directly in [Music] 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 element that is most likely.
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well-known for it’s the option to see what other traders are doing incredible we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can really state i wish to do precisely what that trader is doing or match that specific portfolio of choices and generally whenever they make a trade they buy they sell whatever they do your cash will be mimicked with it so that means if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges involved really vital you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly 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 no cost websites then may not charge you for in fact buying and selling etfs or funds private products specific stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges 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 in fact begin 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 investor so let’s begin with fees truly important to comprehend these now on there’s a number of charges there isn’t charges to do with in fact buying and selling all right so commission costs are complimentary however there are a couple of other charges the first one is withdrawal charges so you can obviously put cash in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your money so you sell your shares you offer your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to ensure that i’m just withdrawing when i absolutely need to now you might say all right that’s rather pricey 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 choices that they have a great deal of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every 6 months you know depends totally how you’re investing however that is a fee to remember the second cost that i’ve discussed is that conversion fee now with you’re handling us dollars only there’s not a choice to purchase in euros or uk and that’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re utilizing trading two and two free trade anyone at all this is basic they have actually i expect stuck to whatever cost they charge for that conversion rate you sort of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge exists what are they actually giving you in regards to 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 offer me us dollars instead you need to pay their charges now the excellent feature of however when you have actually converted your cash you do not need to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s actually great utilizing that part of their website will not definitely limit you in any way nevertheless we need to be aware of 2 other fees the very first being what’s called spread fees alright and i’m going to show you what i indicate on now a spread charge as i’m going to reveal you
on is basically the distinction that becomes part of the investment platform in 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 worth 599 per share in tesla that actually suggests that when you wish to sell or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current rate of tesla is the value of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll discover 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 pricey to purchase than it is to sell 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 distinction in between if you’re buying it then you wish to sell it which is how they make a bit of cash on those spread charges it’s normally incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a bit money now the last accomplishment is called an
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over night charge now this is truly important if you’re actually utilizing cfds yourself too an over night charge is when you’re refraining from doing that buy offer transaction in the same day okay there’s then an over night fee charged and even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one leverage which indicates you’re really buying the specific property instead of using leverage anyway you won’t get hit with these charges however these charges are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you enter into the help section 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 fees then for when you’re doing over night or you’re doing over weekends and that just uses 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 however complete charges are completely within their help information all right and we talked about in addition to free to deposit in however there’s a five dollar charge if you wish 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’ve stated copy trading and copy portfolios are two different methods of actually using these copy operates they do not have any additional charges on top of the regular charges that
are there now what you need to keep in mind though is these possibly managed by other people totally or sometimes have produced portfolios you’ve got a real person doing the management you have to make sure you pick the person that’s right for you similar to any type of work this is your financial properties so we definitely need to ensure it’s the right individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of various alternatives for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real money or a virtual platform virtual means 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 need to put in your credit card details or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own money however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money possibly this is an excellent alternative for you once again to evaluate the theories okay you may wish to purchase tesla or apple or this etf why not utilize the virtual option as a way to sort of safe have fun with it undoubtedly you may have lost out on gains and losses throughout that time naturally if you had invested your real cash it allows you to develop confidence understand the platform so that’s one alternative for you then next week and i’m going to go back 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 bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i suggest by that clearly 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 simply indicates am i alright with possibly losing an excellent amount of this financial investment or getting as
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well now keep in mind whatever is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose cash however that similarly indicates they’ll lose at some point in their journey clearly individuals do earn money too and i have actually got videos all about how you can make certain you are among individuals to in fact make money but in this scenario ensure you research your threat level would you be all right providing your cash to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing fully if you’re someone who isn’t wishing to be that risky do not pick somebody who’s entirely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong commodities
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like gold or even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually utilize this too actually easily over here you can copy individuals now it will give you a great deal 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 somebody from joined kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has fulfilled that criteria and it does give you a danger aspect too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not imply someone 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 simple as clicking the copy button and off you go and then you know ask you to confirm are you okay with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she really purchasing 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 excellent to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got some of mine really that i buy too which is good so in fact for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s also got a bit more um of the sort of primary food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Costa.
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