On this post you’ll find the answer to Etoro Steve Dave Advert….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t want to decide what you actually wish to invest and you desire somebody to do it for you there’s just a number of ways that that can happen the firstly you can hire a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is of course 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 as well now if you’re brand new to a total please bear in mind this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform don’t simply assume because i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that choice as well so you in fact 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 obviously your capital is at risk this is investing we’re doing you’re purchasing real companies if you select to in this particular video we’re speaking about how to copy other individuals’s investments with your cash so obviously your capital is at danger and we have to bear that in mind do not just do something because that individual has stated they’ve made earnings 14 months in a row invest in these choices because you believe is the ideal ones for you and that being said let’s dive directly in [Music] so 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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well-known for it’s the alternative to see what other traders are doing incredible we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can really say 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 mimicked 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 also cover is the charges included actually crucial you understand what are the costs of this now with any platform there will be some cost to obviously these are genuine companies 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 charge websites then may not charge you for actually buying and selling etfs or funds specific products private stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering 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 really begin purchasing copy trading or copy portfolios and lastly some best guidance best practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s kick off with charges really essential to understand these now on there’s a number of costs there isn’t fees to do with really buying and selling alright so commission costs are complimentary however there are a number of other charges the very first one is withdrawal fees so you can obviously 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 want to withdraw your money so you sell your shares you offer 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 obviously knowing that i’m going to make certain that i’m just withdrawing when i definitely need to now you might state fine that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are just one of those alternatives that they have a great deal of platforms clearly 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 when every 6 months you understand depends totally how you’re investing but that is a cost to keep in mind the second cost that i have actually discussed is that conversion fee now with you’re dealing in us dollars just there’s not an option to buy in euros or uk which’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 purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading two and two open market anybody this is standard they have i suppose stuck to whatever charge they charge for that conversion rate you kind of have to accept you know if you want to utilize their platform go from uk to us then that conversion cost is there what are they really 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 provide me us dollars rather you need to pay their fees now the terrific thing about however when you have actually transformed your money you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the preliminary 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 really great utilizing that part of their site won’t certainly limit you in any way however we need to know 2 other fees the first being what’s called spread costs okay and i’m going to show you what i imply on now a spread cost as i’m going to show you
on is generally the distinction that becomes part of the financial investment platform between the buy cost and the price okay 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 really indicates that when you wish to purchase or offer as you can see it’s not the rate you’re seeing up here let me show you that once again so the present rate of tesla is the worth of a share what’s called spread costs is the difference then really to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of benefit from you every time you do a purchaser’s share so keep that in mind clearly it’s more expensive to purchase than it is to offer so they’re going to offer you less back with your sale and you say okay well why does that happen it simply 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 wish to sell it which is how they make a little bit of cash on those spread charges 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 again make a bit money now the last accomplishment is called an
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over night cost now this is really important if you’re in fact using cfds yourself as well an overnight fee is when you’re not doing that buy sell transaction in the same day fine there’s then an over night charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which implies you’re really buying the specific property instead of using leverage anyway you won’t get hit with these charges however these charges are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you enter into the assistance section this isn’t the over night costs details you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which only uses as i stated to cfds there are some service charges of course depending upon what you are purchasing as well this is on your own so keep that in mind but complete charges are completely within their assistance details okay and we spoke about in addition to totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product 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 works they do not have any additional fees on top of the regular charges that
exist now what you require to bear in mind though is these potentially handled by other people entirely or often have produced portfolios you’ve got a genuine individual doing the management you need to make sure you choose the individual that’s right for you much like any profession this is your financial possessions so we definitely require to ensure it’s the ideal individual for us prior to 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 different options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your credit card details or anything you can essentially have this virtual portfolio imitate 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 a terrific option for you again to check the theories fine you might wish to purchase tesla or apple or this etf why not utilize the virtual option as a method to type of safe have fun with it undoubtedly you may have missed out on gains and losses throughout that time naturally if you had invested your real cash it permits you to develop confidence understand the platform so that’s one choice for you then next week and i’m going to return to my genuine 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 before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i mean by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply indicates am i okay with potentially losing an excellent quantity of this financial investment or acquiring as
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well now remember whatever is downs and ups you will generate income you’ll lose money that’s why they make the fact 75 individuals will lose cash however that equally implies they’ll lose eventually in their journey certainly people do make money also and i have actually got videos all about how you can make sure you are among the people to really make money but in this situation make sure you research your threat level would you be fine giving your cash to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re buying totally if you’re somebody who isn’t wishing to be that risky do not choose someone who’s completely into crypto or currency conversion think about it you ‘d probably desire 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 say you can actually use this too really easily over here you can copy individuals now it will offer you a lot of options and you can utilize the system to in fact search for somebody that you expensive in fact following so let’s see perhaps we desire somebody from united kingdom um who invests in 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 satisfied that requirements and it does give you a risk element 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 number of individuals that have rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to confirm are you okay 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 actually deep dive into what is she really purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know 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 buy too which is great so in fact for me understanding what i like to purchase my specific 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 little bit more um of the type of primary food business and you have actually got you know pharmaceutical and production business as that. Etoro Steve Dave Advert.
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