On this post you’ll find the answer to Etoro Money Saving Expert….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely don’t want to decide what you actually wish to invest and you want someone to do it for you there’s just a number of ways that that can happen the first off you can employ an investment portfolio supervisor they’ll generally charge a quite a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are produced once 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 remember this platform is quite sophisticated you can do cfds which obviously cfds are ways 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 don’t just assume because i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that alternative as well so you in fact get used to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re purchasing genuine companies if you pick to in this specific video we’re discussing how to copy other individuals’s investments with your money so certainly your capital is at threat and we have to bear that in mind do not just do something since that individual has stated they’ve made earnings 14 months in a row purchase these options because you think is the ideal 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 aspect that is most likely.
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well-known for it’s the alternative to see what other traders are doing incredible we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can in fact state i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and basically whenever they make a trade they buy they offer whatever they do your cash will be simulated with it so that suggests if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges involved actually critical you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the zero cost websites then may not charge you for actually buying and selling funds or etfs specific commodities specific stocks.
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there’ll be fees on other parts perhaps 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 in fact start buying copy trading or copy portfolios and lastly some best advice best practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s kick off with fees actually crucial to understand these now on there’s a couple of charges there isn’t fees to do with really buying and selling fine so commission costs are complimentary however there are a number of other charges the very first one is withdrawal fees so you can undoubtedly put money 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 later on but when you wish to withdraw your cash so you offer your shares you sell your products 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 of course knowing that i’m going to ensure that i’m only withdrawing when i definitely need 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 fees somewhere and withdrawal costs are simply one of those choices that they have a lot of platforms clearly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every six months you know depends totally how you’re investing but that is a fee to remember the second cost that i’ve discussed is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to buy 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 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 use anybody so if you’re using trading two and 2 free trade anyone at all this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you type of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge is there 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 offer me us dollars rather you need to pay their costs now the fantastic feature of however when you have actually transformed your money you do not need to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that means the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s truly good utilizing that part of their site won’t definitely limit you in any way nevertheless we need to know two other charges the first being what’s called spread fees fine and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is essentially the difference that becomes part of the financial investment platform between the buy rate 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 site right now tesla’s dollar value 599 per share in tesla that really means that when you wish 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 existing cost of tesla is the value of a share what’s called spread fees 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 make money from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you say fine well why does that occur 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 want to sell it which is how they make a little bit of money on those spread out costs it’s typically incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit cash now the last feat is called an
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over night charge now this is truly important if you’re actually using cfds yourself as well an overnight charge is when you’re refraining from doing that buy offer deal in the same day okay there’s then an overnight cost charged and even if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which means you’re actually purchasing the exact possession instead of utilizing take advantage of anyhow you will not get hit with these costs however these charges are if you’re utilizing utilize and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s state if you enter into the aid area this isn’t the overnight costs info you can see exactly 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 applies as i said to cfds there are some additional charges of course depending upon what you are buying also this is on your own so keep that in mind however complete charges are entirely within their help info alright and we talked 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 normal product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are two various ways of really using these copy operates they don’t have any additional costs on top of the regular costs that
are there now what you need to remember though is these potentially handled by other individuals completely or sometimes have actually developed portfolios you have actually got a real individual doing the management you need to ensure you choose the individual that’s right for you just like any kind of work this is your financial possessions so we absolutely need to make sure it’s the ideal person 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 couple of various 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 choice to invest genuine money 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 generally have this virtual portfolio simulate as if you are using your own money but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money perhaps this is an excellent choice for you again to test the theories alright you might wish to purchase tesla or apple or this etf why not use the virtual choice as a method to kind of safe have fun with it clearly you may have missed out on gains and losses during that time naturally if you had invested your real cash it allows you to build confidence understand the platform so that’s one option for you then next week and i’m going to go back 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 keep in mind prior to you choose 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 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 risk simply indicates am i okay with possibly losing a good quantity of this investment or getting as
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well now remember everything is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 people will lose money but that equally implies they’ll lose at some point in their journey clearly individuals do generate income also and i have actually got videos everything about how you can ensure you’re one of the people to really make money however in this scenario make sure you research study your danger level would you be all right giving your money to someone else which is successfully what you’re doing and trusting them ensure you understand what they’re investing in completely if you’re somebody who isn’t wishing to be that risky do not choose somebody 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 exact same with who you’re following now as i state you can in fact use this too truly quickly over here you can copy individuals now it will give you a lot of options and you can use the system to in fact look for someone that you elegant in fact following so let’s see maybe we want someone from united kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has fulfilled that criteria 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 undoubtedly there are a variety of people that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they could 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 then you know ask you to verify are you alright with this and off you go now another method to actually 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 actually 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 definitely like type of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is great so actually 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 companies that appears to be what she chooses she’s also got a little bit more um of the type of main food companies and you’ve got you know pharmaceutical and production business as that. Etoro Money Saving Expert.
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