On this post you’ll find the answer to Etoro Interest….Questions that i speak with new investors what if you’re brand new to investing you just don’t wish to decide what you in fact want to invest and you desire someone to do it for you there’s only a couple of manner ins which that can take place the firstly you can employ a financial investment portfolio manager they’ll usually charge a quite a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is of course you can buy 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 also now if you’re brand new to an overall please bear in mind this platform is rather innovative you can do cfds which of course cfds are ways of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform do not simply assume because i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative as well so you really get utilized 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 naturally your capital is at danger this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re talking about how to copy other people’s investments with your cash so undoubtedly your capital is at risk and we need to bear that in mind do not simply do something because that person has actually said they have actually made revenue 14 months in a row invest in these options because you believe is the best ones for you and that being stated 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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popular for it’s the alternative to see what other traders are doing unbelievable we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can actually state i wish to do exactly what that trader is doing or match that exact portfolio of options and basically each time they make a trade they purchase they offer whatever they do your money will be simulated with it so that indicates if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees included truly critical you understand what are the costs of this now with any platform there will be some expense to undoubtedly 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 absolutely no charge sites then might not charge you for in fact buying and selling etfs or funds specific commodities specific stocks.
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there’ll be fees on other parts maybe 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 reveal you the charges 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 finally some best advice finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s kick off with costs truly important to comprehend these now on there’s a couple of fees there isn’t fees to do with actually buying and selling okay so commission fees are totally free nevertheless there are a number of other charges the very first one is withdrawal costs so you can obviously put cash in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your money so you sell your shares you sell your commodities 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 naturally understanding that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might say alright that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are just one of those alternatives that they have a lot of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every six months you understand depends completely how you’re investing but that is a charge to bear in mind the second cost that i have actually discussed is that conversion fee now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re using trading 2 and two free trade anybody this is standard they have i expect stuck to whatever cost they charge for that conversion rate you type of need to accept you know if you want to utilize their platform go from uk to us then that conversion charge is there what are they in fact 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 give me us dollars instead you need to pay their fees now the fantastic aspect of though when you’ve transformed your money you do not have to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that implies the preliminary 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 truly great utilizing that part of their site won’t definitely limit you in any way however we have to be aware of two other charges the first being what’s called spread charges alright and i’m going to show you what i imply on now a spread charge as i’m going to reveal you
on is essentially the difference that belongs to the financial investment platform in between the buy price and the sale price all right 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 worth 599 per share in tesla that really indicates that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the existing price of tesla is the worth of a share what’s called spread fees is the difference then actually to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more costly 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 occur it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to sell it which is how they make a little bit of money on those spread fees it’s generally incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit cash now the last accomplishment is called an
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overnight charge now this is really crucial if you’re really using cfds yourself as well an overnight charge is when you’re refraining from doing that buy offer transaction in the very same day all right there’s then an overnight cost charged or even if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which suggests you’re in fact buying the specific possession rather than using leverage anyway you will not get hit with these charges however these charges are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy offering in the exact same day so let’s state if you go into the aid section 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 charges then for when you’re doing over night or you’re doing over weekends which only applies as i stated to cfds there are some service charges of course depending on what you are purchasing also this is on your own so keep that in mind but complete fees are totally within their aid info alright and we spoke about along with free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of actually using these copy operates they don’t have any additional fees on top of the normal fees that
exist now what you require to bear in mind though is these potentially managed by other people completely or in some cases have produced portfolios you have actually got a real person doing the management you need to make certain you choose the individual that’s right for you much like any profession this is your monetary properties so we absolutely require to ensure it’s the right person for us prior to 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 different alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash 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 need to put in your charge card information or anything you can essentially have this virtual portfolio imitate as if you are using your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money maybe this is a terrific choice for you once again to check the theories fine you might wish to buy tesla or apple or this etf why not use the virtual option as a method to kind of safe have fun with it undoubtedly you might have missed out on gains and losses throughout that time obviously if you had invested your real cash it allows you to develop self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to remember prior to you select someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i indicate by that certainly 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 simply indicates am i okay with potentially losing a great amount of this investment or getting as
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well now keep in mind everything is downs and ups you will generate income you’ll lose money that’s why they make the fact 75 people will lose cash however that similarly means they’ll lose at some time in their journey obviously individuals do earn money as well and i’ve got videos all about how you can ensure you’re one of individuals to in fact generate income but in this scenario make sure you research your risk level would you be alright providing your money to someone else which is effectively what you’re doing and trusting them ensure you comprehend what they’re purchasing totally if you’re someone who isn’t wishing to be that dangerous do not choose someone who’s totally into crypto or currency conversion think of it you ‘d probably want a foundation of strong products
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like gold and even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact utilize this too actually easily over here you can copy people now it will offer you a lot of choices and you can use the system to in fact search for somebody that you fancy in fact following so let’s see possibly we desire someone from united kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has met that criteria and it does provide you a threat aspect also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
keep in mind 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 basic as clicking the copy button and off you go and after that you know ask you to confirm are you alright with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she in fact investing in 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 excellent to know ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine actually that i buy too which is good so in fact for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s also got a bit more um of the type of primary food business and you’ve got you know pharmaceutical and production companies as that. Etoro Interest.