On this post you’ll find the answer to Etoro Indices….Questions that i speak with new financiers what if you’re brand new to investing you just do not want to decide 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 take place the first off you can employ a financial investment portfolio manager they’ll normally 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 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 a total please keep in mind this platform is quite advanced you can do cfds which of course cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning more about please do study the platform do not simply presume since i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that choice also so you really get used to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in genuine business if you pick to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so clearly your capital is at threat and we have to bear that in mind do not just do something since that person has actually stated they’ve made revenue 14 months in a row purchase these choices due to the fact that you believe is the best ones for you and that 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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popular for it’s the option to see what other traders are doing incredible we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can in fact say i want to do precisely what that trader is doing or match that specific portfolio of choices and basically each time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that indicates if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs included truly crucial you understand what are the expenses of this now with any platform there will be some expense to obviously these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no charge sites then might not charge you for actually buying and selling etfs or funds specific commodities specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees 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 know prior to you in fact begin buying copy trading or copy portfolios and lastly some finest advice 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 fees really crucial to comprehend these now on there’s a number of costs there isn’t costs to do with really buying and selling okay so commission charges are complimentary nevertheless there are a number of other costs the first one is withdrawal fees so you can clearly put money in now if you’re 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 on but when you wish to withdraw your money so you offer your shares you offer your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to make certain that i’m just withdrawing when i definitely need to now you might say alright that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are just among those options that they have a lot of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every 6 months you understand depends entirely how you’re investing however that is a cost to keep in mind the 2nd fee that i’ve touched upon is that conversion cost now with you’re dealing in 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 great deal 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 cost now when you utilize anybody so if you’re utilizing trading 2 and 2 free trade anyone at all this is basic they have actually i suppose stuck to whatever fee they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion cost 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 bargain with them you can’t go to the bank and say provide me us dollars rather you need to pay their costs now the fantastic aspect of though when you have actually transformed your cash you do not have to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that indicates the initial day that you buy 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 really great using that part of their site will not certainly limit you in any way nevertheless we have to know 2 other fees the first being what’s called spread charges alright and i’m going to show you what i indicate on now a spread fee as i’m going to reveal you
on is basically the difference that is part of the financial investment platform between the buy cost and the price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that in fact indicates that when you want to offer or buy as you can see it’s not the price 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 actually to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of benefit from you whenever you do a purchaser’s share so keep that in mind certainly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you say okay well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to offer it and that is how they make a bit of cash on those spread out costs it’s generally incredibly 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 cash now the last task is called an
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over night fee now this is really crucial if you’re really utilizing cfds yourself as well an overnight fee is when you’re refraining from doing that buy offer deal in the same day fine there’s then an overnight cost charged or even 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 really buying out the etf the stock the product and using time one take advantage of which implies you’re actually purchasing the exact asset instead of using utilize anyway you will not get hit with these fees however these charges are if you’re utilizing leverage and cfds and then you’re going to have these fees if you’re not buy selling in the same day so let’s say if you go into the assistance section this isn’t the overnight charges details you can see precisely the breakdown and it’ll tell you what are the charges what are the costs 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 of course depending upon what you are investing in too this is on your own so keep that in mind however full charges are totally within their aid details alright and we talked about along with totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of in fact utilizing these copy operates they don’t have any extra charges on top of the normal fees that
exist now what you require to keep in mind though is these potentially handled by other people entirely or in some cases have actually created portfolios you’ve got a real individual doing the management you need to make certain you choose the individual that’s right for you just like any type of work this is your financial possessions so we absolutely require to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do want to use this function we have actually got a couple of different choices for us firstly 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 methods i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your credit card information or anything you can basically have this virtual portfolio imitate as if you are using your own money however actually buy 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 a great alternative for you once again to check the theories fine you may want to buy tesla or apple or this etf why not use the virtual alternative as a way to sort of safe have fun with it undoubtedly you might have missed out on gains and losses during that time obviously if you had actually invested your real cash it allows you to build 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 remember before you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i imply 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 run the risk of simply implies am i alright with possibly losing a great amount of this investment or acquiring as
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well now remember everything is ups and downs you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose money but that equally suggests they’ll lose at some time in their journey obviously people do generate income also and i have actually got videos everything about how you can make sure you’re one of individuals to really generate income however in this circumstance make sure you research study your danger level would you be fine giving your money to somebody else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re investing in totally if you’re somebody who isn’t wishing to be that risky do not select someone who’s completely into crypto or currency conversion think of it you ‘d probably want a foundation of strong products
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like gold or even oil plus more traditional 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 give you a lot of options and you can use the system to in fact search for somebody that you expensive actually following so let’s see possibly we desire somebody from unified kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a good amount and i can find everybody who has actually met that requirements and it does provide you a danger factor too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have rather high returns
remember it’s like anything to do with the news or predictions of the future this does not indicate somebody 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 easy as clicking the copy button and off you go and then you understand ask you to validate are you fine 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 really deep dive into what is she in fact 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 type of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is good so actually for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s likewise got a bit more um of the type of primary food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Indices.
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