On this post you’ll find the answer to Etoro Trades….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply do not want to choose what you really want to invest and you desire somebody to do it for you there’s just a number of manner ins which that can happen the to start with you can work with a financial investment portfolio supervisor they’ll normally charge a quite a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is obviously you can purchase mutual funds specific funds are developed 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 as well now if you’re brand new to a total please bear in mind this platform is rather innovative you can do cfds which naturally 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 more about please do study the platform do not simply presume due to the fact that i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they give that option 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 danger this is investing we’re doing you’re investing in genuine companies if you choose to in this specific video we’re speaking about how to copy other individuals’s financial investments with your cash so certainly your capital is at risk and we have to bear that in mind do not just do something since that person has stated they have actually made revenue 14 months in a row purchase 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 element that is probably.
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popular for it’s the alternative to see what other traders are doing amazing we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can really say i wish to do exactly what that trader is doing or match that specific portfolio of choices and basically whenever they make a trade they purchase they sell whatever they do your cash will be imitated with it so that suggests 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 costs included really important you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the no charge sites then may not charge you for in fact buying and selling funds or etfs individual commodities private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand before you really begin investing in copy trading or copy portfolios and finally some best advice best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s begin with fees truly crucial to comprehend these now on there’s a couple of fees there isn’t charges to do with actually buying and selling okay so commission charges are totally free however there are a number of other costs the very first one is withdrawal fees so you can clearly put cash in now if you remain in the uk we put our uk money.
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and it’s immediately 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 sell your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m just withdrawing when i definitely need to now you may state alright that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are just one of those options that they have a great deal of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every six months you know depends entirely how you’re investing but that is a cost to bear in mind the second cost that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an option to buy in euros or uk and that’s fine that fits 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 great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and 2 open market anybody this is standard they have actually i suppose stuck to whatever fee they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion fee exists what are they actually giving you in regards to 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 give me us dollars rather you need to pay their fees now the fantastic feature of though when you have actually converted your money you do not need to invest it immediately that dollar value 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 occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s truly excellent utilizing that part of their website won’t definitely restrict you in any way nevertheless we need to know two other costs the very first being what’s called spread charges all right and i’m going to reveal you what i suggest on now a spread cost as i’m going to reveal you
on is generally the difference that is part of the investment platform between the buy rate and the list price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that in fact means that when you want to purchase or sell as you can see it’s not the price you’re seeing up here let me show you that again so the current rate of tesla is the worth of a share what’s called spread charges is the distinction 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 profit from you every time you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase than it is to sell so they’re going to offer you less back with your sale and you say alright 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 wish to offer it which is how they make a little bit of cash on those spread charges it’s generally exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit cash now the last task is called an
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over night cost now this is really crucial if you’re in fact utilizing cfds yourself too an overnight charge is when you’re not doing that buy offer deal in the very same day fine there’s then an overnight fee charged and even if you go from the friday to the monday before sailing a weekend charge now this just 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 in fact buying the specific possession rather than utilizing leverage anyhow you won’t get hit with these costs however these costs are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the assistance section this isn’t the overnight costs information you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only uses as i said to cfds there are some surcharges obviously depending on what you are buying too this is on your own so keep that in mind however complete costs are entirely within their help details fine and we talked about in addition to free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of actually utilizing these copy works they don’t have any extra fees on top of the typical charges that
exist now what you require to remember though is these possibly handled by other individuals totally or sometimes have actually developed portfolios you’ve got a genuine individual doing the management you have to make certain you select the person that’s right for you much like any line of work this is your monetary assets so we definitely require to make certain it’s the ideal person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a number of different choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money perhaps this is an excellent choice for you again to check the theories alright you may want to buy tesla or apple or this etf why not use the virtual option as a way to sort of safe play with it clearly you might have missed out on gains and losses throughout that time of course if you had invested your genuine money it permits you to construct self-confidence comprehend the platform so that’s one alternative 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 bear in mind prior to you choose 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 indicate by that certainly 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 simply means am i okay with potentially losing a good amount of this investment or acquiring as
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well now remember everything is downs and ups you will generate income you’ll lose cash that’s why they make the fact 75 people will lose money but that equally suggests they’ll lose at some point in their journey undoubtedly individuals do make money too and i have actually got videos everything about how you can make sure you are among the people to in fact make money but in this circumstance ensure you research your danger level would you be alright providing your money to another person which is effectively what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re somebody who isn’t wishing to be that risky don’t pick someone who’s completely into crypto or currency conversion think of it you ‘d probably desire a foundation of strong products
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like gold or even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can really use this too really easily over here you can copy people now it will give you a great deal of options and you can utilize the system to in fact search for somebody that you fancy really following so let’s see perhaps we desire someone from joined kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a good amount and i can discover everyone who has fulfilled that requirements and it does offer you a danger factor as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have quite high returns
remember it resembles anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they might make four 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 understand ask you to confirm are you all right with this and off you go now another method to actually 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 purchasing 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 great to understand ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got some of mine really that i purchase too which is excellent so really for me knowing what i like to invest in 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 chooses she’s also got a little bit more um of the kind of main food companies and you’ve got you understand pharmaceutical and production business as that. Etoro Trades.
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