On this post you’ll find the answer to Etoro Islamic….Questions that i speak with brand-new investors what if you’re brand new to investing you merely don’t wish to choose what you in fact want to invest and you desire someone to do it for you there’s just a number of ways that that can occur the first of all you can hire an investment portfolio supervisor they’ll usually charge a quite a high premium to do that perhaps 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 developed 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 sophisticated 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 simply presume because i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they give that alternative too so you actually 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 obviously your capital is at danger this is investing we’re doing you’re buying real business if you select to in this specific video we’re speaking about how to copy other individuals’s investments with your money so obviously your capital is at threat and we need to bear that in mind do not just do something since that individual has stated they have actually made profit 14 months in a row invest in these choices because you think is the right ones for you which 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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popular for it’s the alternative to see what other traders are doing unbelievable we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can actually state i wish to do exactly what that trader is doing or match that exact portfolio of options and generally each time they make a trade they buy they sell whatever they do your money will be simulated with it so that means if for example 10 of their investment portfolio remains 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 important you understand what are the costs of this now with any platform there will be some expense to obviously 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 some of the zero fee websites then may not charge you for actually buying and selling etfs or funds specific products specific stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand before you actually begin purchasing copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s start with costs truly important to understand these now on there’s a couple of charges there isn’t fees to do with actually buying and selling all right so commission charges are complimentary however there are a couple of other fees the very first one is withdrawal charges so you can certainly put cash in now if you remain 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 but when you wish to withdraw your money so you offer your shares you sell your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m only withdrawing when i definitely require to now you might state all right that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are just among those choices that they have a great deal of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every six months you know depends totally how you’re investing however that is a fee to keep in mind the second cost that i have actually 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 excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading two and 2 free trade anyone at all 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 want to utilize their platform go from uk to us then that conversion fee exists what are they in fact offering you in regards to 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 say give me us dollars rather you have to pay their costs now the fantastic aspect of though when you’ve transformed your money you do not need to invest it immediately 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 transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s truly good utilizing that part of their site will not certainly restrict you in any way nevertheless we need to be aware of two other fees the very first being what’s called spread charges alright and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is essentially the difference that is part of the investment platform in between the buy cost and the price all right it’s their premium on doing both those two 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 want to purchase or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the present cost of tesla is the worth of a share what’s called spread costs is the difference then really to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of make money from you each time you do a purchaser’s share so keep that in mind obviously it’s more pricey to buy 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 difference in between if you’re buying it then you want to offer it and that is how they make a little bit of money on those spread out costs it’s typically exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a bit money now the last task is called an
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overnight cost now this is actually crucial if you’re in fact using cfds yourself as well an over night fee is when you’re refraining from doing that buy offer transaction in the very same day alright there’s then an over night cost charged or perhaps if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one leverage which indicates you’re really buying the exact property instead of using utilize anyway you will not get hit with these charges but these costs are if you’re utilizing take advantage of 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 enter into the assistance area this isn’t the over night charges details you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that only uses as i stated to cfds there are some added fees naturally depending on what you are investing in also this is on your own so keep that in mind however complete costs are entirely within their aid info fine and we spoke about in addition to complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of really using these copy works they do not have any extra charges on top of the typical costs that
exist now what you need to keep in mind though is these potentially managed by other individuals completely or often have developed portfolios you have actually got a genuine individual doing the management you need to make certain you select the person that’s right for you similar to any profession this is your monetary properties so we absolutely require to make sure it’s the right individual for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of different alternatives 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 genuine cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are using your own cash but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash maybe this is a great alternative for you again to test the theories fine you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a way to sort of safe play with it clearly you might have missed out on gains and losses throughout that time of course if you had invested your real money it enables you to build self-confidence comprehend 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 really how to copy individuals and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i imply by that clearly 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 indicates am i okay with possibly losing a good amount of this investment or gaining as
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well now remember everything is ups and downs you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose money however that similarly indicates they’ll lose at some time in their journey certainly people do earn money too and i’ve got videos all about how you can make certain you are among individuals to in fact earn money but in this situation make sure you research study your risk level would you be okay offering your cash to someone else which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re someone who isn’t wanting to be that dangerous don’t choose somebody who’s completely into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong products
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like gold or even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can really use this too actually easily over here you can copy individuals now it will provide you a great deal of choices and you can use the system to really search for somebody that you elegant really following so let’s see maybe we want someone from joined kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has met that requirements and it does give you a danger aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns
keep 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 validate are you fine with this and off you go now another way to actually 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 buying so let’s go into portfolio and you can see she’s rather 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 market she’s got some of mine actually that i invest in too which is good so actually for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production business as that. Etoro Islamic.
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