On this post you’ll find the answer to Etoro Wallet Cardano….Questions that i hear from new financiers what if you’re brand new to investing you simply don’t want to choose what you actually want to invest and you desire somebody to do it for you there’s only a number of ways that that can happen the to start with you can employ an investment portfolio supervisor they’ll generally charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are created 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 an overall 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 really having the full amount of capital so with anything that you’re finding out about please do study the platform don’t simply assume since i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative also so you really get utilized to the structure of the website and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re purchasing real companies if you pick to in this particular video we’re speaking about how to copy other people’s investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not just do something because that person has stated they have actually made revenue 14 months in a row purchase these choices since you believe is the ideal ones for you and that being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is most likely.
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popular for it’s the alternative to see what other traders are doing extraordinary 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 indicates with our money we can in fact say i want to do precisely what that trader is doing or match that exact portfolio of options and basically every time they make a trade they buy they offer whatever they do your cash will be imitated with it so that suggests if for example 10 of their investment portfolio is 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 important you understand what are the expenses of this now with any platform there will be some cost to certainly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the absolutely no cost websites then may not charge you for really buying and selling funds or etfs individual products specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type 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 start purchasing copy trading or copy portfolios and finally some best advice finest practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s start with costs truly important to understand these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling alright so commission charges are free however there are a number of other fees the first one is withdrawal costs so you can obviously put cash in now if you’re in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money so you sell your shares you sell your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you might say alright that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are simply one of those alternatives that they have a great deal of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every 6 months you understand depends entirely how you’re investing however that is a fee to keep in mind the second fee that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not an option to purchase in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading 2 and two open market anybody this is basic they have actually i suppose stuck with whatever cost they charge for that conversion rate you kind of have to accept you know if you want to utilize their platform go from uk to us then that conversion charge exists what are they actually providing 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 state provide me us dollars rather you have to pay their costs now the excellent aspect of though when you’ve transformed your cash you do not need to invest it immediately that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests the initial day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s really excellent using that part of their website will not definitely restrict you in any way however we have to know 2 other fees the first being what’s called spread fees fine and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you
on is basically the difference that becomes part of the investment platform between the buy cost and the sale price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that actually suggests that when you wish to sell or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present rate of tesla is the value of a share what’s called spread costs is the distinction then actually to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind clearly it’s more costly to purchase than it is to sell so they’re going to provide you less back with your sale and you say fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to offer it which is how they make a little bit of cash on those spread fees it’s usually 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 little bit cash now the last feat is called an
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overnight charge now this is really important if you’re really using cfds yourself too an over night cost is when you’re not doing that buy sell deal in the same day okay there’s then an over night fee charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which suggests you’re in fact buying the precise possession rather than utilizing utilize anyhow you will not get hit with these fees however these fees are if you’re utilizing take advantage of and cfds and after that you’re going to have these fees 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 over night fees info you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which only applies as i stated to cfds there are some surcharges of course depending on what you are investing in too this is on your own so keep that in mind however complete fees are completely within their help info fine and we talked about in addition to free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity 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 two various methods of in fact utilizing these copy operates they don’t have any additional charges on top of the regular charges that
exist now what you require to bear in mind though is these possibly handled by other individuals totally or in some cases have actually produced portfolios you have actually got a genuine person doing the management you need to make sure you choose the person that’s right for you much like any type of work this is your monetary properties so we absolutely require to ensure it’s the right individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of different choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are using your own cash however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash possibly this is a terrific option for you once again to check the theories fine you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe play with it obviously you may have missed out on gains and losses during that time obviously if you had actually invested your real 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 actually how to copy individuals and copy portfolios now here’s something to bear in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i mean 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 run the risk of just means am i okay with potentially losing a good amount of this financial investment or gaining as
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well now remember whatever is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose money but that equally suggests they’ll lose at some point in their journey certainly individuals do make money also and i’ve got videos all about how you can make sure you’re one of individuals to actually generate income however in this circumstance ensure you research your threat level would you be okay offering your cash to someone else which is successfully what you’re doing and trusting them ensure you understand what they’re investing in totally if you’re someone who isn’t wanting to be that risky don’t select someone who’s totally into crypto or currency conversion think of it you ‘d probably want a backbone of strong products
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like gold or even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact use this too truly quickly over here you can copy individuals now it will offer you a lot of options and you can utilize the system to really search for somebody that you expensive actually following so let’s see possibly we want someone from united kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds an excellent amount and i can discover everyone who has actually satisfied that criteria and it does offer you a risk factor too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have quite high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to validate are you alright with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really 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 absolutely like type of into those blue box and the tech market she’s got some of mine actually that i buy too which is good so actually for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she chooses she’s also got a bit more um of the type of main food companies and you’ve got you know pharmaceutical and production business as that. Etoro Wallet Cardano.
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