On this post you’ll find the answer to Etoro Crypto Forum….Questions that i speak with new financiers what if you’re brand new to investing you simply don’t wish to decide what you in fact wish to invest and you want somebody to do it for you there’s just a number of ways that that can occur the firstly you can work with a financial investment portfolio manager they’ll generally charge a quite a high premium to do that maybe 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 produced 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 quite sophisticated you can do cfds which of course cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just assume because i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they consider that option too so you actually get utilized to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re buying real companies if you select to in this particular video we’re discussing how to copy other individuals’s financial investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not just do something since that individual has actually stated they have actually made earnings 14 months in a row purchase these options because 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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famous for it’s the choice to see what other traders are doing extraordinary we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can in fact state i want to do exactly what that trader is doing or match that precise portfolio of choices and basically every time they make a trade they purchase they offer whatever they do your cash will be imitated with it so that suggests if for example 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 important you comprehend what are the costs of this now with any platform there will be some cost to clearly 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 some of the absolutely no cost sites then may not charge you for really buying and selling etfs or funds individual products private stocks.
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there’ll be charges on other parts maybe 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 know before you in fact begin investing in copy trading or copy portfolios and finally some finest advice finest practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s begin with fees actually essential to understand these now on there’s a number of charges there isn’t fees to do with actually buying and selling alright so commission fees are totally free however there are a couple of other fees the very first one is withdrawal costs so you can obviously 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 in the future however when you wish to withdraw your money so you offer your shares you sell your products 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 obviously understanding that i’m going to ensure that i’m only withdrawing when i definitely require to now you might say okay that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are just among those options that they have a lot of platforms clearly are totally free 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 once every 6 months you know depends totally how you’re investing however that is a charge to keep in mind the second cost that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not an option to buy in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re using trading 2 and two open market anyone at all this is basic they have i suppose stuck to whatever cost they charge for that conversion rate you type 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 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 offer me us dollars rather you have to pay their costs now the great feature of however when you have actually converted your cash you do not have to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s really great utilizing that part of their site will not certainly restrict you in any way nevertheless we need to know two other charges the very first being what’s called spread charges all right 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 is part of the investment platform between the buy cost and the price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that really means that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the current cost of tesla is the value of a share what’s called spread charges is the difference then in fact to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of benefit from you each time you do a buyer’s share so keep that in mind certainly it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you state okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to offer it which is how they make a bit of money on those spread fees it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit money now the last feat is called an
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over night fee now this is actually crucial if you’re actually using cfds yourself as well an overnight charge is when you’re refraining from doing that buy sell deal in the exact same day all right there’s then an over night fee charged or perhaps if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one utilize which indicates you’re really buying the specific possession rather than utilizing take advantage of anyway you will not get hit with these charges however these fees are if you’re using take advantage of and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you enter into the aid section this isn’t the overnight charges information 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 which only applies as i said to cfds there are some surcharges obviously depending on what you are investing in too this is on your own so keep that in mind however full costs are entirely within their aid information all right and we spoke about in addition to complimentary to deposit in but 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 charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different ways of actually using these copy operates they don’t have any additional charges on top of the normal fees that
exist now what you require to remember though is these potentially managed by other people completely or often have actually developed portfolios you’ve got a genuine individual doing the management you need to ensure you select the person that’s right for you much like any line of work this is your financial properties so we definitely require to make certain it’s the best person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a number of different alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real 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 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 but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash possibly this is an excellent choice for you again to check the theories all right you might want 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 might have lost out on gains and losses throughout that time naturally if you had invested your genuine cash it allows you to build confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to keep in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i suggest 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 run the risk of just implies am i all right with potentially losing a great quantity of this financial investment or acquiring as
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well now remember everything is downs and ups you will make money you’ll lose money that’s why they make the figure 75 individuals will lose money however that similarly means they’ll lose at some point in their journey obviously individuals do earn money also and i’ve got videos everything about how you can make certain you are among the people to in fact earn money however in this situation make certain you research study your danger level would you be all right providing your cash to someone else which is successfully what you’re doing and trusting them make sure you comprehend what they’re investing in fully if you’re somebody who isn’t wanting to be that risky do not pick somebody who’s totally into crypto or currency conversion consider it you ‘d probably desire a foundation of strong commodities
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like gold and even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can really utilize this too really quickly over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to actually look for someone that you elegant in fact following so let’s see possibly we desire someone from united kingdom um who invests in let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds a great quantity and i can discover everybody who has actually fulfilled that criteria and it does give you a risk 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 number of people that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to ensure 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 validate are you fine 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 really deep dive into what is she in fact buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is good so actually for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the type of main food companies and you have actually got you know pharmaceutical and production business as that. Etoro Crypto Forum.
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