On this post you’ll find the answer to Etoro Custodian….Concerns that i speak with new financiers what if you’re brand new to investing you simply do not want to choose what you really wish to invest and you want 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 an investment portfolio manager they’ll typically charge a quite a high premium to do that possibly a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds specific funds are created once 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 as well now if you’re brand new to an overall please remember this platform is rather innovative 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 learning more about please do study the platform don’t just assume because i utilize it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they give that option too so you really get used to the structure of the website and then 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 purchasing genuine business if you select to in this specific video we’re discussing how to copy other individuals’s investments with your money so certainly your capital is at danger and we have to bear that in mind do not simply do something since that person has actually stated they’ve made profit 14 months in a row invest in these options since you think is the best ones for you and that 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’s part of social trading which is one aspect that is most likely.
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famous for it’s the alternative to see what other traders are doing extraordinary we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can actually state i want to do exactly what that trader is doing or match that exact portfolio of options and generally whenever they make a trade they purchase they offer whatever they do your money will be imitated with it so that implies 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 fees included actually critical you comprehend 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 fee sites then might not charge you for actually buying and selling etfs or funds individual commodities private 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 sort of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know before you actually begin buying copy trading or copy portfolios and lastly some finest recommendations best practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s start with charges really crucial to comprehend these now on there’s a number of fees there isn’t charges to do with actually buying and selling all right so commission costs are free nevertheless there are a couple of other costs the very first one is withdrawal charges 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 instantly converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your cash so you sell your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m just withdrawing when i definitely require to now you may say okay that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are just among those choices that they have a lot of platforms certainly 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 know depends totally how you’re investing however that is a fee to keep in mind the second cost that i’ve discussed is that conversion charge now with you’re handling us dollars just 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 anyway or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re using trading two and two free trade anybody this is basic they have i expect stuck with whatever fee they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion charge 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 costs now the fantastic feature of though when you have actually transformed your money you do not need to invest it immediately that dollar value can sit 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 takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s truly excellent utilizing that part of their site will not definitely limit you in any way however we need to know two other costs the very first being what’s called spread costs okay and i’m going to show you what i indicate on now a spread cost as i’m going to reveal you
on is generally the difference that belongs to the financial investment platform in between the buy price 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 today tesla’s dollar value 599 per share in tesla that actually suggests 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 once again so the current cost of tesla is the value of a share what’s called spread costs is the distinction then in fact to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind certainly it’s more pricey to buy than it is to sell so they’re going to offer you less back with your sale and you say all right well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to offer it which is how they make a little bit of money on those spread out charges it’s normally exceptionally 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 bit money now the last feat is called an
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overnight charge now this is really essential if you’re really utilizing cfds yourself too an overnight charge is when you’re refraining from doing that buy sell transaction in the very same day fine there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which implies you’re in fact buying the precise property instead of utilizing utilize anyhow you won’t get hit with these fees but these costs are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy selling in the exact same day so let’s say if you enter into the aid area this isn’t the overnight costs info you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which only uses as i said to cfds there are some added fees obviously depending on what you are investing in also this is on your own so keep that in mind however full fees are totally within their aid info alright and we spoke about in addition to free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity 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 two various methods of really utilizing these copy functions they do not have any extra charges on top of the regular charges that
are there now what you require to keep in mind though is these possibly managed by other individuals completely or in some cases have actually created portfolios you have actually got a real person doing the management you have to ensure you pick the individual that’s right for you much like any type of work this is your financial possessions so we absolutely need to make certain it’s the right person 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 couple of various alternatives 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 money or a virtual platform virtual means i think 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 details or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money perhaps this is a great alternative for you again to check the theories all right you may wish to buy tesla or apple or this etf why not use the virtual option as a way to sort of safe play with it obviously you might have missed out on gains and losses throughout that time of course if you had invested your genuine money it permits you to develop self-confidence comprehend the platform so that’s one choice 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 keep in mind prior to you choose someone 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 imply by that clearly 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 simply indicates am i okay with potentially losing a good amount of this financial investment or getting as
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well now remember whatever is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 people will lose cash however that equally indicates they’ll lose at some time in their journey certainly individuals do make money as well and i have actually got videos all about how you can ensure you are among the people to really generate income but in this situation make certain you research your risk level would you be okay providing your cash to another person which is effectively what you’re doing and trusting them make sure you understand what they’re purchasing fully if you’re somebody who isn’t wishing to be that dangerous don’t choose someone who’s completely into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong commodities
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like gold or even oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually utilize this too really quickly over here you can copy individuals now it will provide you a great deal of options and you can use the system to in fact look for somebody that you elegant in fact following so let’s see possibly we want someone from unified kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has met that criteria and it does offer you a danger aspect as well 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 mean someone will make 56 for you for the next 12 months they might make 4 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 after that you know ask you to confirm are you okay with this and off you go now another method to actually deep dive if we click on 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 rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine in fact that i buy too which is good so really for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s also got a bit more um of the sort of main food business and you have actually got you know pharmaceutical and production companies as that. Etoro Custodian.
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