On this post you’ll find the answer to Etoro Trading Platform Review….Questions that i speak with new investors what if you’re brand new to investing you just do not 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 take place the to start with you can work with an investment portfolio supervisor they’ll typically charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is of course you can buy 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 also now if you’re brand new to a total please bear in mind this platform is quite sophisticated 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 finding out about please do study the platform do not simply presume because i utilize it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they give that choice too so you in fact get utilized to the structure of the website and then 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 genuine companies if you pick to in this specific video we’re speaking about how to copy other people’s financial investments with your money so obviously your capital is at risk and we need to bear that in mind do not just do something because that person has actually stated they’ve made earnings 14 months in a row purchase these options due to the fact that you think is the best ones for you which being said let’s dive directly 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 probably.
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famous for it’s the alternative to see what other traders are doing incredible we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can actually state i wish to do exactly what that trader is doing or match that exact portfolio of options and essentially whenever they make a trade they purchase they sell 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 money in so we’re going to likewise cover is the fees involved truly critical you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero charge sites then may not charge you for actually buying and selling funds or etfs individual commodities individual stocks.
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there’ll be charges on other parts perhaps 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 actually begin purchasing copy trading or copy portfolios and lastly some finest guidance best practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s start with fees actually essential to understand these now on there’s a couple of charges there isn’t costs to do with actually buying and selling fine so commission costs are totally free nevertheless there are a couple of other charges the first one is withdrawal fees so you can undoubtedly put cash in now if you’re in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your money so you offer your shares you sell your commodities 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 of course understanding that i’m going to make sure that i’m just withdrawing when i absolutely require to now you may state fine that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are just among those choices that they have a lot of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every 6 months you understand depends entirely how you’re investing but that is a fee to remember the second cost that i have actually touched upon is that conversion cost now with you’re handling us dollars only there’s not an alternative 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 buying 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 2 and two open market anybody this is basic they have actually i expect stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you want to use their platform go from uk to us then that conversion charge exists what are they in fact 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 state provide me us dollars rather you have to pay their costs now the great feature of though when you’ve converted your cash 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 implies the initial 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 additional costs so that’s really great utilizing that part of their website won’t certainly restrict you in any way nevertheless we have to be aware of two other fees the very first being what’s called spread charges okay and i’m going to show you what i mean on now a spread fee as i’m going to reveal you
on is essentially the difference that is part of the investment platform between the buy price 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 website today tesla’s dollar value 599 per share in tesla that actually implies that when you want to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current cost of tesla is the value of a share what’s called spread fees is the distinction then really to buy that share on the platform and you’ll find this all over this is another manner in which they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind obviously it’s more costly to purchase than it is to offer so they’re going to provide you less back with your sale and you say okay well why does that happen 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 and that is how they make a little bit of money on those spread fees it’s normally exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit money now the last feat is called an
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overnight charge now this is actually important if you’re actually using cfds yourself as well an over night fee is when you’re not doing that buy offer transaction in the exact same day fine there’s then an overnight fee charged or perhaps if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one utilize which means you’re really purchasing the exact asset rather than utilizing leverage anyway you won’t get hit with these costs but these fees are if you’re using leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s state if you enter into the help section this isn’t the overnight charges 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 which only applies as i stated to cfds there are some additional charges of course depending on what you are investing in too this is on your own so keep that in mind but complete charges are completely within their assistance info okay and we talked about in addition to complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different ways of in fact using these copy operates they don’t have any additional costs on top of the regular charges that
exist now what you require to bear in mind though is these possibly handled by other individuals completely or in some cases have created portfolios you have actually got a genuine individual doing the management you need to make certain you choose the individual that’s right for you similar to any line of work this is your financial properties so we definitely need to ensure it’s the best individual for us before we copy them so the first things i would call it if you do want to use this function we’ve got a couple of various choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card information or anything you can basically have this virtual portfolio simulate as if you are utilizing your own money but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine money perhaps this is a terrific option for you again to check the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe have fun with it undoubtedly you may have missed out on gains and losses throughout that time naturally if you had actually invested your genuine money it allows you to construct confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually 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 ensure you comprehend what your danger profile is now what do i mean by that clearly 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 suggests am i okay with possibly losing a great amount of this financial investment or acquiring 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 fact 75 individuals will lose cash however that equally indicates they’ll lose eventually in their journey certainly people do generate income too and i’ve got videos all about how you can make certain you’re one of the people to really generate income however in this circumstance make sure you research study your threat level would you be okay giving your cash to somebody else 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 dangerous don’t choose somebody who’s entirely into crypto or currency conversion consider it you ‘d probably want a backbone of strong products
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like gold or perhaps oil plus more standard 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 state you can actually utilize this too actually quickly over here you can copy individuals now it will offer you a lot of options and you can use the system to actually search for somebody that you expensive in fact following so let’s see perhaps we desire somebody from joined kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a great quantity and i can discover everyone who has actually satisfied that criteria and it does provide you a danger aspect too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns
bear in mind it resembles 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 other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to verify are you okay with this and off you go now another method to really deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she really investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is good so actually for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the kind of main food business and you have actually got you know pharmaceutical and production business as that. Etoro Trading Platform Review.
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