On this post you’ll find the answer to Etoro]….Questions that i speak with brand-new investors what if you’re brand new to investing you simply don’t want to decide what you really wish to invest and you want somebody to do it for you there’s just a couple of manner ins which that can take place the firstly you can hire an investment portfolio supervisor they’ll typically charge a rather a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is naturally you can buy mutual funds particular 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 a total please keep in mind this platform is rather sophisticated you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform do not just presume since i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they consider that choice also so you actually get used 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 obviously your capital is at risk this is investing we’re doing you’re investing in real business if you pick to in this particular video we’re talking about how to copy other people’s financial investments with your cash so certainly your capital is at threat and we need to bear that in mind do not simply do something since that individual has actually said they’ve made earnings 14 months in a row buy these choices since you think is the ideal ones for you which being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.
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famous for it’s the alternative to see what other traders are doing incredible we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can actually say i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and basically every time they make a trade they purchase they offer whatever they do your money will be mimicked 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 money in so we’re going to also cover is the charges included really important you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are real 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 funds or etfs specific commodities specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees 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 know before you in fact begin buying copy trading or copy portfolios and lastly some best guidance best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s kick off with costs really important to understand these now on there’s a couple of costs there isn’t charges to do with in fact buying and selling fine so commission fees are complimentary nevertheless there are a couple of other fees the very first one is withdrawal fees so you can clearly put cash in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your money so you offer 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 understanding that i’m going to ensure that i’m just withdrawing when i definitely require to now you might say alright that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are just one of those alternatives that they have a great deal of platforms clearly are free 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 when every 6 months you know depends entirely how you’re investing however that is a charge to bear in mind the 2nd charge that i have actually touched upon is that conversion charge now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even 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 two open market anybody this is basic they have i expect stuck with whatever fee they charge for that conversion rate you type of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge exists 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 haggle with them you can’t go to the bank and state offer me us dollars rather you have to pay their charges now the fantastic aspect of though when you have actually transformed 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 initial 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 additional fees so that’s really excellent using that part of their website won’t certainly restrict you in any way however we have to be aware of two other costs the very first being what’s called spread costs okay and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you
on is basically the distinction that is part of the investment platform between the buy rate and the sale price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that actually implies that when you want to offer or buy as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current cost of tesla is the worth of a share what’s called spread fees is the difference then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to offer so they’re going to offer you less back with your sale and you say okay well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it which is how they make a little bit of money on those spread out fees it’s typically exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit cash now the last feat is called an
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over night charge now this is truly important if you’re really utilizing cfds yourself as well an over night charge is when you’re not doing that buy offer transaction in the same day fine there’s then an overnight fee charged or even if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which suggests you’re really buying the specific asset rather than using utilize anyhow you will not get hit with these charges however these fees are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you enter into the assistance area this isn’t the over night costs details you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which only uses as i stated to cfds there are some service charges of course depending upon what you are purchasing as well this is on your own so keep that in mind however full charges are completely within their aid info all right and we discussed as well as free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different ways of actually utilizing these copy operates they do not have any additional costs on top of the normal costs that
exist now what you need to keep in mind though is these possibly handled by other people totally or often have actually created portfolios you’ve got a real person doing the management you have to ensure you choose the person that’s right for you similar to any type of work this is your financial possessions so we definitely 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 want to use this function we’ve got a number of different options 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 real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your credit card details or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money perhaps this is an excellent choice for you once again to evaluate the theories alright you may want to buy tesla or apple or this etf why not use the virtual alternative as a method to kind of safe have fun with it obviously you might have missed out on gains and losses throughout that time naturally if you had invested your real money it allows you to build 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 in fact how to copy people 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 comprehend what your threat 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 investments the riskier you can be risk simply means am i alright with potentially losing a great quantity of this financial investment or getting as
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well now remember whatever is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 people will lose cash but that equally indicates they’ll lose eventually in their journey obviously individuals do earn money also and i have actually got videos everything about how you can make sure you are among individuals to actually earn money however in this situation make certain you research your risk level would you be fine providing your money to another person which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re someone who isn’t wishing to be that risky don’t pick somebody who’s totally into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact use this too actually easily over here you can copy individuals now it will give you a lot of choices and you can utilize the system to really search for someone that you elegant in fact following so let’s see perhaps we want somebody from united kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can discover everyone who has actually fulfilled that requirements and it does give you a risk factor too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number 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 somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no 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 verify are you alright with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got a few of mine really that i purchase too which is great so in fact for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the kind of primary food business and you’ve got you understand pharmaceutical and production companies as that. Etoro].
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