On this post you’ll find the answer to Etoro Mobile App….Questions that i speak with new investors what if you’re brand new to investing you simply do not want 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 occur the first off you can work with a financial investment portfolio manager they’ll usually charge a rather a high premium to do that possibly one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds specific funds are created again with an account supervisor 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 bear in mind this platform is rather sophisticated you can do cfds which of course cfds are ways of investing
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with not really having the total 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 consider that option also so you actually get used to the structure of the site 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 risk this is investing we’re doing you’re purchasing real companies if you pick to in this specific video we’re talking about how to copy other individuals’s investments with your money so obviously your capital is at danger and we need to bear that in mind do not just do something because that individual has actually stated they have actually made profit 14 months in a row invest in these options since 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 aspect that is most likely.
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popular for it’s the choice to see what other traders are doing extraordinary we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can in fact say i want to do precisely what that trader is doing or match that precise portfolio of options and generally every time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that means 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 also cover is the fees included truly vital you understand what are the costs of this now with any platform there will be some cost to undoubtedly these are real 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 in fact buying and selling funds or etfs individual products private stocks.
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there’ll be charges 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 charges with in particular in this video the next would be things to understand before you really begin buying copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s begin with fees really essential to understand these now on there’s a number of fees there isn’t costs to do with in fact buying and selling all right so commission fees are free however there are a number of other fees the first one is withdrawal costs so you can certainly put cash in now if you’re in the uk we put our uk cash.
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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 cash 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 of course knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might state okay that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are simply one of those choices that they have a great deal of platforms obviously 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 when every 6 months you know depends entirely how you’re investing however that is a fee to bear in mind the second charge that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’s fine that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading two and two open market anybody this is basic they have i expect stuck with whatever fee they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion charge exists what are they actually offering 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 say offer me us dollars instead you have to pay their charges now the excellent aspect of though when you’ve converted your money you do not have to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s truly excellent utilizing that part of their site will not certainly restrict you in any way nevertheless we need to know two other costs the very first being what’s called spread costs okay and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you
on is basically the distinction that is part of the financial investment platform in between the buy price and the price fine 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 worth 599 per share in tesla that in fact implies that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the current cost of tesla is the worth of a share what’s called spread fees is the difference then in fact to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind certainly it’s more expensive to purchase 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 happen it just 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 bit of cash on those spread costs it’s usually extremely small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a little bit money now the last feat is called an
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overnight fee now this is really essential if you’re actually using cfds yourself also an overnight charge is when you’re not doing that buy offer deal in the same day fine there’s then an over night charge charged or even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one leverage which suggests you’re actually purchasing the exact property rather than utilizing take advantage of anyway you will not get hit with these fees but these charges are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you go into the aid section this isn’t the over night charges info you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends and that just uses as i stated to cfds there are some service charges of course depending on what you are purchasing as well this is on your own so keep that in mind however full fees are entirely within their help info all right and we talked about as well as complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of really utilizing these copy functions they don’t have any additional fees on top of the regular costs that
exist now what you require to keep in mind though is these possibly handled by other individuals entirely or in some cases have actually developed portfolios you’ve got a real individual doing the management you have to ensure you choose the individual that’s right for you just like any profession this is your financial properties so we definitely 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 utilize this function we’ve 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 choice to invest real cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are using your own cash but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash perhaps this is a great choice for you again to evaluate the theories all right you may wish to purchase tesla or apple or this etf why not use the virtual option as a method to type of safe play with it clearly you might have missed out on gains and losses throughout that time naturally if you had invested your real cash it enables you to construct self-confidence understand the platform so that’s one choice 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 people and copy portfolios now here’s something to keep in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i indicate by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just indicates am i all right with potentially losing an excellent amount of this investment or gaining as
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well now keep in mind everything is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose money however that equally means they’ll lose at some point in their journey certainly individuals do make money too and i’ve got videos all about how you can make sure you are among individuals to in fact make money however in this situation make certain you research study your danger level would you be fine providing your cash to someone else which is successfully what you’re doing and trusting them ensure you comprehend what they’re purchasing totally if you’re someone who isn’t wanting to be that risky do not pick someone who’s completely into crypto or currency conversion consider it you ‘d most likely want a backbone 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 very same with who you’re following now as i state you can really utilize this too truly quickly over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to actually search for someone that you elegant really following so let’s see possibly we want somebody from unified kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has met that criteria and it does give you a danger factor also 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 people that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to guarantee so do keep that in mind and as simple 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 method to actually 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 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 little bit so that’s excellent to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got a few of mine actually that i buy too which is great so in fact for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s likewise got a bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Mobile App.
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