On this post you’ll find the answer to GebºHren Etoro….Questions that i speak with new investors what if you’re brand new to investing you just don’t want to decide what you really wish to invest and you want somebody to do it for you there’s only a number of ways that that can happen the first of all you can employ an investment portfolio supervisor they’ll normally charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is obviously you can buy mutual funds specific funds are created 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 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 ways of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform do not simply assume due to the fact that i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they give that alternative too so you really 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 naturally your capital is at risk this is investing we’re doing you’re investing in genuine companies if you pick to in this particular video we’re talking about how to copy other people’s investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something because that person has stated they’ve made revenue 14 months in a row invest in these choices because you think is the best ones for you and that being said let’s dive directly 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 most likely.
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well-known for it’s the choice to see what other traders are doing incredible we don’t usually get that insight from a lot 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 exactly what that trader is doing or match that specific portfolio of choices and generally each time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that suggests if for instance 10 of their financial 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 charges involved actually important you understand what are the expenses of this now with any platform there will be some expense to certainly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the no charge websites then may not charge you for really buying and selling funds or etfs individual products individual stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know before you really start investing in copy trading or copy portfolios and lastly some best guidance best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s start with fees actually crucial to understand these now on there’s a number of costs there isn’t costs to do with really buying and selling fine so commission costs are totally free nevertheless there are a couple of other costs the very first one is withdrawal costs so you can undoubtedly put money in now if you remain in the uk we put our uk money.
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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 want to withdraw your money so you sell 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 5 dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i definitely need to now you might say alright that’s rather costly 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 obviously 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 once every six months you know depends completely how you’re investing however that is a charge to keep in mind the second cost that i have actually touched upon is that conversion charge now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s great that matches 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 excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading 2 and two free trade anyone at all this is basic they have i expect stuck with whatever charge they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion cost is there what are they really 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 give me us dollars instead you have to pay their charges now the fantastic aspect of however when you have actually converted your cash you do not need to invest it right away that dollar worth can being 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 really great utilizing that part of their site won’t definitely limit you in any way however we have to be aware of 2 other charges the very first being what’s called spread fees okay and i’m going to reveal you what i imply on now a spread cost as i’m going to show you
on is essentially the distinction that becomes part of the investment platform in between the buy rate and the sale price all right 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 worth 599 per share in tesla that actually implies that when you wish to purchase or offer as you can see it’s not the price you’re seeing up here let me reveal you that again so the existing price of tesla is the worth of a share what’s called spread costs is the distinction then in fact to purchase that share on the platform and you’ll find this all over this is another manner in which they make a percentage of profit from you every time you do a buyer’s share so keep that in mind certainly it’s more pricey to buy 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 occur it just does that is the nature of a great deal of platforms out there there’s a difference 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 costs it’s normally extremely little it could be a matter of pens matter of cents in there but that’s one place 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 truly crucial if you’re actually using cfds yourself too an overnight charge is when you’re refraining from doing that buy sell transaction in the very same day all right there’s then an overnight fee charged and even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which implies you’re really purchasing the precise property instead of using take advantage of anyhow you will not get hit with these fees however these costs are if you’re using utilize 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 enter into the assistance area this isn’t the overnight charges info you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which only uses as i said to cfds there are some surcharges of course depending upon what you are purchasing too this is on your own so keep that in mind however complete charges are totally within their help details all right and we discussed along with totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of in fact using these copy works they do not have any additional fees on top of the normal fees that
are there now what you require to keep in mind though is these possibly managed by other people entirely or in some cases have actually produced portfolios you have actually got a genuine individual doing the management you have to ensure you pick the individual that’s right for you similar to any line of work this is your monetary assets so we absolutely need to make certain 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 have actually got a couple of different alternatives 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 methods i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash maybe this is a terrific option for you once again to test the theories all right you may wish to purchase tesla or apple or this etf why not utilize the virtual option as a way to kind of safe play with it obviously you may have lost out on gains and losses during that time obviously if you had invested your real cash it enables you to develop self-confidence understand 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 people and copy portfolios now here’s something to keep in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make certain 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 state the longer you’re leaving your financial investments the riskier you can be risk simply implies am i okay with potentially losing a great amount of this investment or acquiring as
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well now remember whatever is ups and downs you will generate income you’ll lose money that’s why they make the figure 75 people will lose money however that equally means they’ll lose eventually in their journey certainly people do generate income too and i’ve got videos all about how you can make sure you’re one of individuals to really earn money but in this circumstance make sure you research study your danger level would you be alright providing your money to another person which is successfully what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re somebody who isn’t wanting to be that dangerous don’t select somebody who’s totally into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong commodities
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like gold and even oil plus more traditional 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 say you can actually use this too really easily over here you can copy individuals now it will give you a lot of choices and you can use the system to actually look for someone that you elegant in fact following so let’s see maybe we desire someone from unified kingdom um who invests in let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has satisfied that criteria and it does provide you a risk element also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to verify are you all right with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she in fact investing in so let’s enter 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 understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is good so really for me understanding what i like to invest in 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 chooses she’s also got a little bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production companies as that. GebºHren Etoro.
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