On this post you’ll find the answer to Etoro Explained….Concerns that i hear from new financiers what if you’re brand new to investing you just don’t want to choose what you in fact want to invest and you desire somebody to do it for you there’s only a couple of ways that that can take place the to start with you can employ a financial investment portfolio supervisor they’ll generally charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is naturally you can purchase mutual funds particular 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 also now if you’re brand new to an overall please remember this platform is rather advanced 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 about please do study the platform don’t just presume due to the fact that i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they give that choice too so you really get utilized to the structure of the site 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 threat this is investing we’re doing you’re investing in real companies if you pick to in this particular video we’re discussing 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 simply do something because that person has stated they’ve made earnings 14 months in a row buy these choices due to the fact that you think is the ideal ones for you which being said let’s dive directly 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 belongs to social trading which is one aspect that is most likely.
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popular for it’s the alternative to see what other traders are doing unbelievable we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can in fact say i wish 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 sell whatever they do your cash will be mimicked with it so that implies if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs included truly vital you comprehend what are the costs of this now with any platform there will be some cost to clearly these are genuine companies 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 zero cost websites then may not charge you for in fact buying and selling funds or etfs individual commodities individual stocks.
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there’ll be fees on other parts maybe 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 understand before you in fact start buying copy trading or copy portfolios and finally some best recommendations best practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s start with charges truly important to understand these now on there’s a couple of costs there isn’t fees to do with actually buying and selling alright so commission fees are complimentary nevertheless there are a couple of other fees the very first one is withdrawal costs so you can certainly put money in now if you’re in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your cash so you sell your shares you sell your products 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 of course understanding that i’m going to make certain that i’m only withdrawing when i definitely need to now you might state okay that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are just among those choices that they have a lot of platforms clearly are 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 six months you understand depends completely how you’re investing however that is a fee to remember 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 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 purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading 2 and 2 free trade anyone at all this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you type of need to accept you understand if you want to use their platform go from uk to us then that conversion charge exists what are they really 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 provide me us dollars rather you need to pay their charges now the great feature of though when you have actually converted your cash you do not have to invest it immediately 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 buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s really good using that part of their website will not definitely restrict you in any way nevertheless we have 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 imply on now a spread fee as i’m going to show you
on is generally the difference that is part of the financial investment platform between the buy price and the sale price fine 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 means that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present price of tesla is the worth of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of profit from you each time you do a purchaser’s share so keep that in mind undoubtedly 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 happen it just does that is the nature of a lot 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 costs it’s normally exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit cash now the last accomplishment is called an
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over night cost now this is truly important if you’re really utilizing cfds yourself too an over night cost is when you’re refraining from doing that buy offer transaction in the same day fine there’s then an overnight charge charged or even if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one leverage which indicates you’re actually buying the specific property instead of utilizing take advantage of anyhow you won’t get hit with these charges but 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 very same day so let’s say if you go into the assistance area this isn’t the over night fees information you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which just uses as i stated to cfds there are some additional charges obviously depending upon what you are investing in also this is on your own so keep that in mind but full charges are entirely within their help details alright and we talked about as well as totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two various ways of really utilizing these copy works they do not have any extra costs on top of the regular charges that
are there now what you require to bear in mind though is these potentially handled by other individuals totally or in some cases have actually created portfolios you have actually got a real person doing the management you have to make certain you pick the individual that’s right for you similar to any profession this is your monetary possessions so we absolutely need to make certain it’s the ideal 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 number of different options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual methods 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 essentially have this virtual portfolio simulate as if you are utilizing your own money however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash perhaps this is a fantastic option for you once again to test the theories all right you may wish to buy tesla or apple or this etf why not use the virtual alternative as a method to sort of safe play with it certainly you might have missed out on gains and losses during that time of course if you had actually invested your real money it enables you to construct confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i indicate by that certainly 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 means am i okay with potentially losing a great amount of this investment or gaining as
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well now keep in mind 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 but that equally means they’ll lose at some point in their journey clearly individuals do generate income too and i’ve got videos all about how you can make sure you’re one of the people to really generate income however in this scenario make sure you research your risk level would you be fine providing your cash to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re purchasing fully if you’re somebody who isn’t wanting to be that risky don’t select someone who’s completely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong commodities
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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 very same with who you’re following now as i state you can really use this too really easily over here you can copy people now it will provide you a lot of options and you can use the system to in fact look for somebody that you fancy in fact following so let’s see maybe we want somebody from united kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a great quantity and i can discover everybody who has actually met that requirements and it does provide you a threat 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 number 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 someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you all right with this and off you go now another method to in fact 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 quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got some of mine in fact that i invest in too which is excellent so actually for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the kind of main food business and you have actually got you know pharmaceutical and production companies as that. Etoro Explained.
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