On this post you’ll find the answer to Etoro Pro….Questions that i hear from new financiers what if you’re brand new to investing you just do not want to decide what you actually want to invest and you desire somebody to do it for you there’s only a number of manner ins which that can happen the to start with you can work with a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is naturally you can purchase mutual funds specific funds are created 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 as well now if you’re brand new to a total please bear in mind this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re learning about please do study the platform don’t just assume because i utilize it that you can utilize 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 really get used to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in real companies if you select to in this particular video we’re talking about how to copy other people’s investments with your cash so obviously your capital is at risk and we have to bear that in mind do not just do something since that individual has said they have actually made revenue 14 months in a row invest in these choices due to the fact that you believe is the right ones for you and that being said let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is probably.
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well-known for it’s the option to see what other traders are doing unbelievable 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 indicates with our money we can really say i want to do exactly what that trader is doing or match that precise portfolio of choices and essentially each time they make a trade they buy they offer 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 cash in so we’re going to also cover is the charges involved actually vital you comprehend what are the expenses 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 included and even some of the no cost sites then may not charge you for actually buying and selling funds or etfs specific commodities specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing 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 costs with in particular in this video the next would be things to know prior to you really start purchasing copy trading or copy portfolios and lastly some best advice best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s kick off with charges truly important to comprehend these now on there’s a number of charges there isn’t costs to do with in fact buying and selling all right so commission charges are totally free nevertheless there are a number of other costs the very first one is withdrawal fees 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 instantly converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you sell your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m only withdrawing when i definitely need to now you might state all right 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 just among those options 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 as soon as every 6 months you understand depends completely how you’re investing but that is a cost to keep in mind the 2nd fee that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not a choice to buy in euros or uk and that’s fine that suits me.
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a lot 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 cost now when you utilize anybody so if you’re utilizing trading two and 2 free trade anybody this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they really giving 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 need to pay their fees now the terrific feature of though when you have actually converted your cash you do not have to invest it right now 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 convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s really good utilizing that part of their website will not certainly restrict you in any way however we have to understand 2 other costs the first being what’s called spread fees alright and i’m going to show you what i indicate on now a spread charge as i’m going to show you
on is essentially the difference that becomes part of the financial investment platform between the buy cost and the list price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that actually suggests that when you want to sell or purchase as you can see it’s not the cost you’re seeing up here let me show you that once again so the present rate of tesla is the value 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 percentage of profit from you every time you do a purchaser’s share so keep that in mind obviously it’s more pricey to purchase than it is to sell so they’re going to give you less back with your sale and you state fine well why does that happen it simply 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 and that is how they make a bit of cash on those spread fees it’s usually exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit money now the last task is called an
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overnight charge now this is really crucial if you’re in fact using cfds yourself too an overnight cost is when you’re refraining from doing that buy sell deal in the exact same day all right there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which indicates you’re really purchasing the exact asset instead of utilizing leverage anyway you will not get hit with these fees but these charges are if you’re utilizing leverage 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 state if you enter into the aid section this isn’t the over night costs information you can see precisely 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 and that just uses as i said to cfds there are some added fees obviously depending upon what you are purchasing too this is on your own so keep that in mind but full fees are completely within their assistance information alright and we talked about in addition to totally 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 five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of in fact utilizing these copy works they don’t have any additional costs on top of the typical charges that
exist now what you need to keep in mind though is these potentially handled by other individuals completely or sometimes have actually created portfolios you’ve got a real individual doing the management you have to ensure you choose the person that’s right for you just like any profession this is your financial assets so we absolutely require to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of various options for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual ways 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 need to put in your credit card details or anything you can generally have this virtual portfolio simulate as if you are using your own cash however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash maybe this is a terrific choice for you once again to check the theories alright you might want to buy tesla or apple or this etf why not utilize the virtual option as a way to kind of safe have fun with it certainly you might have lost out on gains and losses during that time naturally if you had actually invested your genuine money it enables you to build confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i mean 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 run the risk of simply suggests am i alright with possibly losing an excellent quantity of this financial investment or getting as
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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 individuals will lose cash however that similarly indicates they’ll lose at some point in their journey obviously people do earn money as well and i’ve got videos all about how you can make sure you are among individuals to really make money however in this circumstance ensure you research study your danger level would you be okay giving your cash to another person which is successfully what you’re doing and trusting them make sure you comprehend what they’re investing in totally if you’re somebody who isn’t wishing to be that dangerous don’t choose somebody who’s totally into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities
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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 very same with who you’re following now as i say you can really utilize this too actually easily over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to in fact look for someone that you elegant really following so let’s see possibly we want somebody from united kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everyone who has actually satisfied that requirements and it does give you a threat factor 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 people that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to verify are you fine with this and off you go now another way to really 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 buying 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 market she’s got a few of mine really that i purchase too which is good so actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the type of primary food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Pro.
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