On this post you’ll find the answer to Etoro Philippines Market Hours….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely do not want to choose what you actually want to invest and you want someone to do it for you there’s just a couple of manner ins which that can take place the firstly you can hire a financial investment portfolio manager they’ll typically charge a quite a high premium to do that perhaps one or two percent of your profits will go to them the other thing is of course you can purchase 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 too now if you’re brand new to an overall please remember this platform is rather sophisticated you can do cfds which obviously cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re discovering please do study the platform do not just assume since i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they consider that option too so you really get utilized to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re investing in genuine business if you pick to in this specific video we’re speaking about how to copy other people’s financial investments with your cash so clearly your capital is at threat and we need to bear that in mind do not just do something since that individual has actually said they have actually made revenue 14 months in a row buy these options because you believe is the ideal ones for you which 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 probably.
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popular for it’s the option to see what other traders are doing amazing we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can actually say i wish to do precisely what that trader is doing or match that precise portfolio of options and essentially each time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that implies if for example 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 also cover is the costs involved really important you comprehend what are the expenses of this now with any platform there will be some cost to certainly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero charge websites then may not charge you for in fact buying and selling etfs or funds specific products individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees 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 before you in fact begin buying copy trading or copy portfolios and lastly some best guidance best practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s begin with fees really crucial to understand these now on there’s a number of costs there isn’t costs to do with actually buying and selling all right so commission costs are totally free however there are a couple of other fees the very first one is withdrawal costs so you can certainly put money in now if you remain in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future however when you wish to withdraw your cash so you sell your shares you offer your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m only withdrawing when i definitely require to now you may state fine that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are just one of those choices that they have a lot of platforms obviously are complimentary 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 as soon as every six months you know depends entirely how you’re investing however that is a cost to keep in mind the 2nd fee that i have actually discussed is that conversion fee now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk which’s fine that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading two and 2 free trade anybody this is basic they have i expect stuck to whatever fee they charge for that conversion rate you sort of have to accept you understand if you want to utilize their platform go from uk to us then that conversion fee exists 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 state give me us dollars instead you have to pay their costs now the fantastic thing about though when you have actually transformed your money 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 preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s truly great utilizing that part of their site will not certainly limit you in any way however we have to know 2 other charges the first being what’s called spread charges okay and i’m going to reveal you what i mean on now a spread cost as i’m going to reveal you
on is basically the distinction that belongs to the 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 really suggests that when you wish to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current price of tesla is the worth of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind certainly it’s more costly to purchase 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 happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to offer it which is how they make a bit of cash on those spread out costs it’s typically exceptionally 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 task is called an
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overnight cost now this is actually important if you’re actually using cfds yourself also an over night fee is when you’re not doing that buy offer transaction in the exact same day okay there’s then an over night cost charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which suggests you’re actually purchasing the precise asset instead of utilizing utilize anyhow you will not get hit with these charges but these costs are if you’re utilizing utilize and cfds and after that you’re going to have these charges if you’re not buy selling in the exact same day so let’s say if you enter into the assistance area this isn’t the overnight fees details you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which only applies as i said to cfds there are some additional charges naturally depending on what you are investing in also this is on your own so keep that in mind but full fees are totally within their aid information alright and we spoke 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 regular commodity 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 2 various methods of actually utilizing these copy operates they do not have any extra charges on top of the typical charges that
exist now what you need to keep in mind though is these possibly handled by other individuals totally or often have developed portfolios you’ve got a genuine person doing the management you have to ensure you choose the individual that’s right for you much like any line of work this is your financial assets so we absolutely require to make sure it’s the best 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 various options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash possibly this is a great alternative for you again to check the theories okay you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe play with it undoubtedly you may have lost out on gains and losses during that time naturally if you had invested your real money it enables you to construct self-confidence understand the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to remember before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i suggest by that obviously 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 means am i all right with potentially losing an excellent quantity of this investment or getting 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 statistic 75 people will lose cash however that equally suggests they’ll lose eventually in their journey obviously individuals do generate income too and i have actually got videos everything about how you can ensure you are among the people to actually earn money however in this circumstance ensure you research study your threat level would you be all right giving your money to another person which is effectively what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re somebody 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 probably want a backbone 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 in fact utilize this too actually easily over here you can copy people now it will give you a great deal of choices and you can use the system to actually search for someone that you fancy in fact following so let’s see perhaps we want someone from joined kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has actually satisfied that requirements and it does provide you a danger aspect also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
remember it’s like 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 might make four or minus 50 there’s no way to guarantee 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 validate are you alright with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she in fact investing in so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine really that i invest in too which is good so actually for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s likewise got a bit more um of the sort of main food business and you’ve got you know pharmaceutical and production business as that. Etoro Philippines Market Hours.