On this post you’ll find the answer to Etoro Trading Times….Questions that i hear from brand-new financiers what if you’re brand new to investing you simply don’t wish to decide what you actually want to invest and you desire someone to do it for you there’s only a number of manner ins which that can occur the first off you can work with a financial investment portfolio supervisor they’ll generally charge a quite a high premium to do that maybe one or two percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular funds are produced 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 too now if you’re brand new to a total please remember this platform is quite innovative you can do cfds which naturally cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform don’t simply presume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they consider that option also so you actually get utilized to the structure of the website and after that when you’re ready to utilize your own money 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 buying genuine companies if you choose to in this particular video we’re speaking about how to copy other individuals’s investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not just do something because that person has actually said they’ve made earnings 14 months in a row invest in these choices because you think is the right ones for you and that being stated let’s dive straight in [Music] so 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 most likely.
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famous for it’s the choice to see what other traders are doing unbelievable we don’t generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can actually state i want to do precisely what that trader is doing or match that precise portfolio of alternatives and essentially each time they make a trade they buy they sell whatever they do your money will be imitated with it so that implies 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 likewise cover is the costs involved truly important you understand what are the costs 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 included and even a few of the absolutely no fee websites then may not charge you for really buying and selling etfs or funds private commodities specific stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges 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 understand prior to you actually begin purchasing copy trading or copy portfolios and lastly some best advice finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s start with costs really important to comprehend these now on there’s a couple of fees there isn’t charges to do with actually buying and selling alright so commission costs are free however there are a number of other fees the very first one is withdrawal fees so you can certainly put cash in now if you remain 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 but when you want to withdraw your money so you sell your shares you sell your products 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 of course knowing that i’m going to ensure that i’m only withdrawing when i absolutely require 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 costs someplace and withdrawal fees are simply among those alternatives that they have a lot of platforms obviously are free to do such things has this five 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 know depends totally how you’re investing however that is a charge 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 purchase in euros or uk and that’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and two free trade anyone at all this is standard they have i expect stuck with whatever fee they charge for that conversion rate you sort of need to accept you know if you wish to use their platform go from uk to us then that conversion fee exists what are they actually offering you in terms of 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 charges now the terrific aspect of though when you’ve converted your money you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the initial 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 additional fees so that’s truly great using that part of their site won’t certainly limit you in any way nevertheless we need to know 2 other fees the first being what’s called spread charges alright and i’m going to reveal you what i imply on now a spread cost as i’m going to show you
on is essentially the distinction that is 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 site right now tesla’s dollar value 599 per share in tesla that really implies that when you want to offer or buy as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing price of tesla is the value of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll discover this all over this is another way that they make a percentage of benefit from you whenever you do a purchaser’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to offer you less back with your sale and you state alright well why does that occur 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 sell it which is how they make a little bit of cash on those spread charges it’s normally extremely little it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a bit cash now the last task is called an
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over night cost now this is truly crucial if you’re actually utilizing cfds yourself also an overnight cost is when you’re not doing that buy sell transaction in the very same day fine there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one leverage which means you’re really purchasing the specific property rather than using take advantage of anyway you will not get hit with these fees however these fees are if you’re utilizing take advantage of and cfds and then 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 over night costs 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 over night or you’re doing over weekends and that just applies as i stated to cfds there are some surcharges naturally depending upon what you are purchasing as well this is on your own so keep that in mind however complete costs are completely within their help details alright and we spoke about in addition to complimentary to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of actually using these copy operates they do not have any additional costs on top of the typical costs that
are there now what you require to keep in mind though is these potentially managed by other individuals entirely or sometimes have actually produced 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 monetary possessions so we definitely need to ensure it’s the right individual for us before 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 different choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine cash 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 will not require to put in your credit card details or anything you can essentially have this virtual portfolio mimic as if you are using your own cash but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real cash possibly this is a fantastic choice for you once again to evaluate the theories all right you might wish to purchase tesla or apple or this etf why not use the virtual choice as a way to kind of safe have fun with it certainly you might have missed out on gains and losses during that time naturally if you had invested your real money it permits you to build self-confidence understand the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to keep in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i suggest by that undoubtedly 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 suggests am i fine with potentially losing a good amount of this financial investment or acquiring as
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well now remember everything is ups and downs you will make money you’ll lose money that’s why they make the figure 75 people will lose money but that similarly means they’ll lose at some point in their journey clearly individuals do make money as well and i have actually got videos all about how you can ensure you are among individuals to in fact make money however in this circumstance ensure you research your threat level would you be fine offering your cash to another person which is effectively what you’re doing and trusting them make sure you comprehend what they’re purchasing fully if you’re somebody who isn’t wishing to be that dangerous don’t choose somebody who’s completely 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 conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact use this too truly quickly over here you can copy people now it will give you a great deal of choices and you can utilize the system to actually search for someone that you expensive in fact following so let’s see perhaps we want somebody from joined kingdom um who buys let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds a good quantity and i can discover everybody who has met that criteria and it does provide you a threat aspect too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns
remember 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 chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to verify are you all right with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she in fact purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got some of mine actually that i buy too which is great so really for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production business as that. Etoro Trading Times.
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