On this post you’ll find the answer to Etoro Wallet Ada….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply don’t want to choose what you really want 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 work with an investment portfolio manager they’ll typically charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is naturally you can buy mutual funds specific funds are created 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 as well now if you’re brand new to an overall please bear in mind this platform is quite advanced you can do cfds which obviously cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning about please do study the platform don’t just presume because i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they consider that option too so you really get used to the structure of the site and then 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 threat this is investing we’re doing you’re buying genuine companies if you pick to in this specific video we’re talking about how to copy other individuals’s investments with your cash so undoubtedly your capital is at risk and we need to bear that in mind do not simply do something because that individual has stated they have actually made profit 14 months in a row purchase these options due to the fact that you believe is the right ones for you which 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 aspect that is probably.
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popular for it’s the alternative to see what other traders are doing extraordinary we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can in fact say i want to do precisely what that trader is doing or match that precise portfolio of options and essentially whenever they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that suggests 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 charges involved truly critical you understand what are the costs of this now with any platform there will be some expense to certainly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no fee sites then may not charge you for in fact buying and selling etfs or funds private commodities individual stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 know before you really begin buying copy trading or copy portfolios and finally some finest guidance finest practices if you are thinking about 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 costs to do with really buying and selling alright so commission fees are complimentary however there are a number of other costs the first one is withdrawal charges so you can obviously put money in now if you remain 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 later but when you wish to withdraw your cash so you offer your shares you sell your commodities whatever you’re selling the minimum amount 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 require to now you might state okay that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are just one of those options that they have a lot of platforms undoubtedly are complimentary 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 as soon as every six months you understand depends completely how you’re investing but that is a fee to keep in mind the 2nd cost that i’ve touched upon is that conversion charge now with you’re handling us dollars only there’s not an option to purchase 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 buying and even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading two and two free trade anyone at all this is basic they have i suppose stuck with whatever fee they charge for that conversion rate you type of need to accept you understand if you wish to use their platform go from uk to us then that conversion fee exists what are they really offering you in terms of 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 state provide me us dollars rather you need to pay their fees now the excellent aspect of though when you’ve transformed your money you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s actually good using that part of their website won’t certainly limit you in any way nevertheless we have to understand 2 other charges the very first being what’s called spread fees alright and i’m going to show you what i mean on now a spread charge as i’m going to reveal you
on is basically the difference that is part of the financial investment platform between the buy rate and the list 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 value 599 per share in tesla that in fact means that when you want to sell or purchase as you can see it’s not the rate 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 charges is the difference then in fact to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you state fine 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 bit of money on those spread costs it’s normally exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a little bit money now the last feat is called an
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overnight fee now this is really crucial if you’re in fact using cfds yourself as well an overnight cost is when you’re not doing that buy offer transaction in the same day okay there’s then an overnight fee charged or even if you go from the friday to the monday before sailing a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which means you’re really buying the exact possession instead of using utilize anyway you will not get hit with these fees but these fees are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s state if you go into the help area this isn’t the overnight costs info you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that only uses as i stated to cfds there are some surcharges of course depending on what you are purchasing also this is on your own so keep that in mind but full costs are entirely within their aid info okay and we spoke about in addition to free to deposit in however there’s a 5 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 charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of in fact utilizing these copy operates they do not have any additional fees on top of the normal charges that
are there now what you require to remember though is these possibly managed by other individuals entirely or in some cases have actually produced portfolios you have actually got a real individual doing the management you need to ensure you pick the individual that’s right for you just like any type of work this is your monetary properties so we definitely need to ensure it’s the ideal 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 alternatives for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual ways i think 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 charge card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash maybe this is a terrific option for you once again to evaluate the theories fine you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe play with it obviously you may have missed out on gains and losses during that time obviously if you had invested your real money it enables you to construct confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back 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 keep in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i imply by that undoubtedly 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 means am i okay with possibly losing an excellent quantity of this financial investment or getting 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 statistic 75 individuals will lose cash but that equally suggests they’ll lose at some point in their journey certainly individuals do earn money too and i’ve got videos everything about how you can make certain you are among individuals to actually make money however in this scenario make certain you research your risk level would you be all right providing your money to another person which is successfully what you’re doing and trusting them make certain you comprehend what they’re investing in totally if you’re somebody who isn’t wanting to be that dangerous do not choose someone who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a foundation 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 same with who you’re following now as i say you can really utilize this too truly quickly over here you can copy individuals now it will give you a lot of choices and you can use the system to really look for someone that you elegant 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 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 offer you a danger factor also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of individuals that have rather high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not indicate 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 validate are you okay with this and off you go now another method 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 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 absolutely like sort of into those blue box and the tech market she’s got some of mine in fact that i buy too which is great so in fact for me knowing what i like to purchase 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 prefers she’s also got a bit more um of the type of main food companies and you’ve got you understand pharmaceutical and production business as that. Etoro Wallet Ada.
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