On this post you’ll find the answer to Etoro Worth….Questions that i hear from brand-new investors what if you’re brand new to investing you just do not want to decide what you actually want to invest and you want somebody to do it for you there’s just a couple of ways that that can happen the firstly you can hire an investment portfolio manager they’ll normally charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is of course you can buy mutual funds particular funds are produced 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 an overall please keep in mind this platform is rather innovative 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 learning about please do study the platform do not simply assume due to the fact that i utilize 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 alternative also so you really get used to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re purchasing real business if you select to in this specific video we’re speaking about how to copy other people’s financial investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not simply do something since that individual has said they’ve made revenue 14 months in a row buy these options due to the fact that you believe is the right ones for you and that being said let’s dive straight 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 element that is probably.
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famous for it’s the choice to see what other traders are doing amazing we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can actually say i want to do precisely what that trader is doing or match that precise portfolio of alternatives and generally each time they make a trade they buy they offer whatever they do your money will be simulated with it so that means if for instance 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 also cover is the fees included actually important 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 involved and even a few of the zero charge websites then may not charge you for in fact buying and selling etfs or funds specific products individual stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering 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 charges with in particular in this video the next would be things to understand prior to you in fact start investing in copy trading or copy portfolios and lastly some best recommendations best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s start with costs truly important to comprehend these now on there’s a couple of fees there isn’t fees to do with really buying and selling alright so commission costs are totally free nevertheless there are a couple of other fees the very first one is withdrawal fees so you can obviously put cash in now if you remain 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 in the future however when you wish to withdraw your cash so you offer your shares you offer 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 obviously knowing that i’m going to ensure that i’m only withdrawing when i definitely require to now you might say fine 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 charges are simply one of those alternatives that they have a great deal of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every six months you understand depends completely how you’re investing however that is a charge to remember the second charge that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not an option 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 anyway or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading 2 and 2 open market anyone at all this is standard they have i suppose stuck to whatever fee they charge for that conversion rate you kind of have to accept you understand if you wish to use their platform go from uk to us then that conversion cost is there what are they in fact giving 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 instead you have to pay their costs now the great feature of though when you have actually converted your money you do not have to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s really excellent utilizing that part of their site will not definitely restrict you in any way however we need to know two other charges the first being what’s called spread charges fine and i’m going to reveal you what i mean on now a spread fee as i’m going to show you
on is generally the distinction that becomes part of the financial investment platform in between the buy cost and the 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 value 599 per share in tesla that in fact indicates that when you want to offer or purchase as you can see it’s not the price you’re seeing up here let me show you that once again so the existing rate of tesla is the value of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind obviously 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 occur 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 sell it and that is how they make a little bit of money on those spread fees it’s usually extremely little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit money now the last task is called an
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overnight charge now this is truly essential if you’re in fact using cfds yourself as well an overnight fee is when you’re not doing that buy offer deal in the very same day alright there’s then an over night fee charged or perhaps if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one take advantage of which means you’re in fact buying the precise asset rather than utilizing utilize anyhow you won’t get hit with these fees but these fees are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you enter into the help section 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 overnight or you’re doing over weekends which just applies as i stated to cfds there are some additional charges naturally depending on what you are investing in as well this is on your own so keep that in mind however full costs are entirely within their aid info alright and we talked about in addition to complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different ways of in fact utilizing these copy functions they do not have any additional fees on top of the normal charges that
are there now what you require to bear in mind though is these potentially managed by other individuals entirely or sometimes have created portfolios you have actually got a genuine person doing the management you need to ensure you pick the individual that’s right for you similar to any kind of work this is your monetary assets so we absolutely require to ensure it’s the best person for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a number of different choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play 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 basically have this virtual portfolio mimic as if you are utilizing your own cash however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash possibly this is a terrific choice for you again to test the theories alright you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe have fun with it undoubtedly you may have lost out on gains and losses during that time obviously if you had actually invested your real money it enables you to construct confidence comprehend 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 really how to copy individuals and copy portfolios now here’s something to remember prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i indicate by that obviously 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 run the risk of just indicates am i all right with possibly losing a great amount of this investment or getting 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 figure 75 people will lose money however that similarly indicates they’ll lose at some time in their journey obviously individuals do generate income too and i have actually got videos everything about how you can make sure you’re one of the people to actually make money but in this circumstance make certain you research your risk level would you be alright giving your cash to somebody else which is effectively what you’re doing and trusting them make certain you understand what they’re buying totally if you’re someone who isn’t wanting to be that dangerous do not pick somebody who’s completely into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong products
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like gold or perhaps oil plus more conventional 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 really utilize this too actually quickly over here you can copy people now it will offer you a great deal of choices and you can utilize the system to really look for somebody that you elegant in fact following so let’s see perhaps we want someone from unified kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has actually satisfied that requirements and it does provide you a risk element also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not indicate somebody 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 validate 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 purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine really 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 an excellent spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the type of main food business and you’ve got you know pharmaceutical and production business as that. Etoro Worth.