On this post you’ll find the answer to Etoro Dax….Questions that i hear from new financiers what if you’re brand new to investing you simply don’t want to choose what you actually want to invest and you desire somebody to do it for you there’s only a number of ways that that can happen the firstly you can hire an investment portfolio manager they’ll normally charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are developed 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 also now if you’re brand new to an overall please remember 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 full amount of capital so with anything that you’re discovering please do study the platform do not simply assume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they give that alternative also so you in fact get utilized to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing real business if you pick to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so certainly your capital is at threat and we need to bear that in mind do not simply do something because that person has said they’ve made earnings 14 months in a row buy these choices since you believe is the ideal ones for you and that being said let’s dive straight 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 element that is most likely.
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well-known for it’s the option to see what other traders are doing amazing we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can really say i want to do precisely what that trader is doing or match that specific portfolio of options and basically each time they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that implies if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the fees involved truly critical you understand what are the expenses of this now with any platform there will be some cost to clearly 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 absolutely no charge sites then might not charge you for really buying and selling funds or etfs private commodities individual stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to understand prior to you really begin buying copy trading or copy portfolios and lastly some finest advice finest practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s start with charges truly crucial to comprehend these now on there’s a couple of fees there isn’t costs to do with actually buying and selling all right so commission charges are free however there are a number of other costs the first one is withdrawal charges so you can clearly 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 later however when you wish to withdraw your cash so you sell your shares you offer your products 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 only withdrawing when i absolutely require to now you might state all right that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are simply among those options that they have a lot of platforms obviously are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you understand depends entirely how you’re investing however that is a cost to bear in mind the 2nd cost that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to buy 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 excellent with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re utilizing trading 2 and 2 free trade anybody this is basic they have i suppose stuck to whatever fee they charge for that conversion rate you type of have 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 really 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 offer me us dollars rather you need to pay their costs now the great feature of though when you’ve converted your money you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that means the initial day that you purchase 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 excellent utilizing that part of their site won’t certainly restrict you in any way nevertheless we have to understand two other fees the very first being what’s called spread fees all right and i’m going to show you what i suggest on now a spread charge as i’m going to show you
on is basically the difference that is part of the financial investment platform in 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 website right now tesla’s dollar worth 599 per share in tesla that actually indicates that when you want to purchase or sell as you can see it’s not the price you’re seeing up here let me reveal you that once again so the existing rate of tesla is the value of a share what’s called spread costs is the distinction then actually to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of benefit from you every time you do a purchaser’s share so keep that in mind obviously it’s more expensive to purchase than it is to offer so they’re going to offer you less back with your sale and you state all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you wish to offer it and that is how they make a little bit of money on those spread out charges 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 once again make a bit cash now the last accomplishment is called an
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over night cost now this is truly crucial if you’re in fact utilizing cfds yourself too an over night charge is when you’re refraining from doing that buy sell deal in the very same day all right there’s then an overnight fee charged or perhaps if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which implies you’re actually buying the precise asset instead of utilizing leverage anyhow you will not get hit with these costs but these charges are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy offering in the exact same day so let’s say if you go into the assistance section this isn’t the over night costs 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 and that just applies as i stated to cfds there are some surcharges of course depending upon what you are purchasing also this is on your own so keep that in mind but complete fees are totally within their assistance information fine and we talked about in addition to complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of in fact using these copy works they do not have any extra costs on top of the normal costs that
are there now what you require to bear in mind though is these potentially managed by other individuals completely or in some cases have actually created portfolios you’ve got a real person doing the management you have to make sure you pick the individual that’s right for you just like any type of work this is your financial possessions so we absolutely require to make sure it’s the ideal individual 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 number of different alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your credit card details or anything you can generally have this virtual portfolio imitate as if you are utilizing your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money possibly this is a fantastic choice for you again to test the theories fine you might wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to type of safe play with it certainly you might have missed out on gains and losses throughout that time obviously if you had 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 prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i mean 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 means am i fine 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 make money you’ll lose cash that’s why they make the statistic 75 people will lose money however that equally suggests they’ll lose at some time in their journey undoubtedly individuals do generate income as well and i’ve got videos all about how you can ensure you are among individuals to really make money however in this circumstance make certain you research study your threat level would you be all right providing your cash to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re buying completely if you’re someone who isn’t wanting to be that dangerous do not choose someone who’s entirely into crypto or currency conversion think of it you ‘d probably want a backbone of strong products
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like gold and even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really use this too truly quickly over here you can copy individuals now it will provide you a lot of options and you can use the system to in fact search for someone that you expensive really following so let’s see maybe we desire somebody from united kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a good quantity and i can discover everyone who has actually met that criteria and it does provide 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 clearly there are a variety of individuals that have rather high returns
remember it’s like anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to verify are you okay with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she actually buying so let’s enter into portfolio and you can see she’s quite 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 industry she’s got some of mine actually that i buy too which is excellent so actually for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s also got a little bit more um of the kind of primary food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Dax.
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