On this post you’ll find the answer to How To Trede With Etoro….Questions that i hear from brand-new financiers what if you’re brand new to investing you simply do not want to decide what you actually wish to invest and you desire someone to do it for you there’s just a number of ways that that can take place the to start with you can work with a financial investment portfolio supervisor they’ll generally charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is naturally you can buy mutual funds particular funds are developed 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 also now if you’re brand new to a total please bear in mind this platform is quite advanced you can do cfds which of course cfds are methods 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 do not simply assume because i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they give that alternative too so you actually get used to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re buying genuine companies if you select to in this specific video we’re discussing how to copy other people’s investments with your money so certainly your capital is at threat and we need to bear that in mind do not just do something because that individual has stated they’ve made profit 14 months in a row purchase these options due to the fact that you believe is the ideal ones for you which being said let’s dive straight in [Music] 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 element that is probably.
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well-known for it’s the alternative to see what other traders are doing unbelievable we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can really say i want to do precisely what that trader is doing or match that exact portfolio of alternatives and basically whenever they make a trade they buy they sell whatever they do your money will be imitated with it so that implies if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs involved actually critical you understand what are the expenses of this now with any platform there will be some cost to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero fee websites then may not charge you for in fact buying and selling funds or etfs specific commodities specific 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 type of costs associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand prior to you actually begin purchasing copy trading or copy portfolios and lastly some best suggestions best practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s begin with costs truly important to understand these now on there’s a couple of fees there isn’t costs to do with actually buying and selling all right so commission costs are totally free however there are a number of other fees the first one is withdrawal costs so you can certainly put cash in now if you’re 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 cash so you sell your shares you sell your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m just withdrawing when i absolutely need to now you may state 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 fees someplace and withdrawal fees are simply one of those choices that they have a lot of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every six months you understand depends totally how you’re investing however that is a fee to keep in mind the 2nd charge that i have actually touched upon is that conversion cost now with you’re handling us dollars only there’s not an alternative to buy in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyway 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 charge now when you use anyone so if you’re utilizing trading two and two free trade anyone at all this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you kind of have to accept you understand if you wish 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 bargain with them you can’t go to the bank and say offer me us dollars rather you need to pay their charges now the fantastic feature of however when you’ve transformed your money you do not have to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that implies the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s truly good using that part of their website will not definitely restrict you in any way nevertheless we need to know 2 other costs the first being what’s called spread fees fine and i’m going to show you what i indicate on now a spread charge as i’m going to reveal you
on is basically the distinction that belongs to the financial investment platform in between the buy cost and the sale price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that actually indicates that when you want to sell or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing cost of tesla is the value of a share what’s called spread costs is the difference then really to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you every time you do a buyer’s share so keep that in mind clearly it’s more costly to buy than it is to offer 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 difference in between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread fees it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit money now the last feat is called an
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overnight cost now this is truly essential if you’re really using cfds yourself also an over night charge is when you’re refraining from doing that buy sell deal in the exact same day alright there’s then an overnight cost charged or even if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one leverage which means you’re really purchasing the exact asset instead of using utilize anyhow you will not get hit with these fees but these costs are if you’re using take advantage of and cfds and after that you’re going to have these fees if you’re not buy offering in the same day so let’s state if you go into the assistance area this isn’t the overnight costs 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 and that only applies as i stated to cfds there are some surcharges naturally depending upon what you are purchasing too this is on your own so keep that in mind but full charges are entirely within their aid info alright and we talked about along with complimentary to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything 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 methods of in fact using these copy works they don’t have any additional fees on top of the typical fees that
are there now what you require to keep in mind though is these possibly handled by other individuals entirely or sometimes have created portfolios you’ve got a real individual doing the management you have to ensure you select the individual that’s right for you just like any kind of work this is your financial possessions so we definitely require to make sure 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 utilize this function we have actually got a number of different choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual methods i believe 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 charge card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine cash perhaps this is a fantastic alternative for you again to evaluate the theories fine you might want to buy tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe play with it undoubtedly you might have lost out on gains and losses throughout that time obviously if you had actually invested your genuine cash it allows 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 genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i mean by that undoubtedly 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 just implies am i alright with potentially losing an excellent amount of this investment or gaining as
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well now remember everything is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 people will lose money but that equally implies they’ll lose eventually in their journey certainly people do earn money also and i have actually got videos all about how you can make sure you are among the people to really make money however in this scenario make certain you research study your threat level would you be all right giving your cash to someone else which is efficiently what you’re doing and trusting them ensure you understand what they’re buying fully if you’re someone who isn’t wishing to be that dangerous do not choose somebody who’s totally into crypto or currency conversion consider it you ‘d most likely want a foundation of strong products
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like gold or even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact utilize this too truly quickly over here you can copy people now it will provide you a great deal of options and you can utilize the system to really search for someone that you elegant in fact following so let’s see possibly we desire someone from unified kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has actually met that criteria and it does give 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 individuals that have rather high returns
keep 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 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to validate are you okay 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 really 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 great to understand ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is excellent so actually for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she prefers she’s likewise got a little bit more um of the kind of primary food business and you have actually got you know pharmaceutical and production business as that. How To Trede With Etoro.