On this post you’ll find the answer to Etoro User….Concerns that i hear from new financiers what if you’re brand new to investing you just don’t want to decide what you really wish to invest and you desire someone to do it for you there’s only a couple of manner ins which that can occur the first of all you can employ an investment portfolio supervisor they’ll usually charge a quite a high premium to do that possibly a couple of percent of your profits will go to them the other thing is of course you can purchase 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 too now if you’re brand new to a total please remember this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform do not simply presume due to the fact that i utilize 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 actually get utilized to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re purchasing genuine business if you select to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so certainly your capital is at danger and we need to bear that in mind do not just do something since that person has actually said they’ve made profit 14 months in a row invest in these options because you think is the right ones for you and that being said 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 becomes part of social trading which is one aspect that is most likely.
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well-known for it’s the option to see what other traders are doing incredible we don’t generally get that insight from a lot 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 precise portfolio of choices and basically whenever they make a trade they buy they sell whatever they do your cash will be mimicked with it so that implies if for example 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 likewise cover is the costs included actually vital you understand what are the expenses of this now with any platform there will be some cost to certainly 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 zero cost sites then may not charge you for really buying and selling funds or etfs private products individual stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 buying copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s kick off with costs truly important to comprehend these now on there’s a number of fees there isn’t costs to do with in fact buying and selling alright so commission fees are totally free nevertheless there are a number of other costs the very first one is withdrawal charges so you can clearly put cash in now if you’re in the uk we put our uk money.
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and it’s automatically 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 offer your shares you sell your products 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 knowing that i’m going to ensure that i’m just withdrawing when i definitely require to now you might say all right that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are simply one of those alternatives that they have a lot of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every six months you understand depends completely how you’re investing however that is a fee to remember the 2nd cost that i have actually touched upon is that conversion fee now with you’re handling us dollars just there’s not an alternative to buy in euros or uk and that’s fine that suits 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 great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading two and 2 free trade anybody this is standard they have i expect stuck to whatever charge they charge for that conversion rate you sort of need to accept you understand if you want to utilize their platform go from uk to us then that conversion cost is there what are they in fact providing 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 provide me us dollars rather you have to pay their charges now the excellent thing about though when you have actually 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 suggests the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s actually excellent using that part of their website won’t definitely restrict you in any way nevertheless we need to know 2 other fees the first being what’s called spread charges all right and i’m going to show you what i indicate on now a spread charge as i’m going to reveal you
on is generally the difference that belongs to the investment platform in between the buy price and the price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that in fact suggests that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present rate of tesla is the value of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of make money from you whenever you do a buyer’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 alright well why does that happen it just does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you wish to offer it which is how they make a bit of money on those spread out charges it’s typically exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a little bit money now the last task is called an
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over night cost now this is really important if you’re in fact using cfds yourself too an overnight cost is when you’re not doing that buy offer deal in the same day okay there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one leverage which indicates you’re in fact purchasing the precise possession rather than utilizing utilize anyhow you will not get hit with these fees however these costs are if you’re utilizing leverage 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 fees info you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends and that just uses as i stated to cfds there are some service charges naturally depending on what you are investing in also this is on your own so keep that in mind however complete fees are entirely within their assistance details fine and we discussed in addition to free to deposit in however there’s a five dollar charge if you wish 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 2 different methods of really utilizing these copy operates they do not have any additional fees on top of the regular fees that
exist now what you need to keep in mind though is these potentially managed by other people completely or often have actually developed portfolios you have actually got a genuine individual doing the management you have to make sure you pick the individual that’s right for you similar to any profession this is your monetary properties so we definitely need to make sure it’s the right person for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a couple 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 cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money 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 buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money perhaps this is a fantastic alternative for you once again to check the theories fine you might wish to buy tesla or apple or this etf why not use the virtual option as a method to sort of safe play with it undoubtedly you might have lost out on gains and losses during that time obviously if you had actually invested your genuine cash it allows you to construct self-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 in fact how to copy individuals and copy portfolios now here’s something to keep in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i imply by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk just implies am i all right with possibly losing a great quantity of this investment or gaining as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 people will lose cash but that similarly implies they’ll lose at some time in their journey obviously individuals do earn money also and i’ve got videos all about how you can make sure you’re one of individuals to really generate income but in this scenario make certain you research study your threat level would you be okay offering your cash to somebody else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re someone who isn’t wishing to be that risky don’t select somebody who’s totally into crypto or currency conversion consider 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 want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say 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 utilize the system to actually look for somebody that you expensive actually following so let’s see maybe we desire someone from unified kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a great amount and i can find everyone who has fulfilled 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 certainly there are a variety of people that have quite high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not mean 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 then you understand ask you to validate are you fine with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she actually purchasing so let’s go 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 absolutely like type of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is great so in fact for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s likewise got a bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production business as that. Etoro User.
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