On this post you’ll find the answer to I Want To Join Etoro…..Questions that i hear from new investors what if you’re brand new to investing you just don’t wish to decide what you really want to invest and you desire someone to do it for you there’s only a number of manner ins which that can occur the first off you can work with an investment portfolio supervisor they’ll typically charge a quite a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is of course you can purchase mutual funds particular 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 a total 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 actually having the full amount of capital so with anything that you’re discovering please do study the platform don’t simply presume because i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that alternative as well so you really get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re talking about how to copy other individuals’s investments with your money so obviously your capital is at threat and we need to bear that in mind do not simply do something since that individual has said they’ve made earnings 14 months in a row purchase these choices because you think is the ideal ones for you and that being stated 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 most likely.
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famous 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 benefit is these copy portfolios are copy trading therefore that suggests with our cash we can really state i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and generally whenever they make a trade they purchase they offer whatever they do your cash will be imitated with it so that implies if for instance 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 likewise cover is the costs included actually important you understand what are the costs of this now with any platform there will be some expense to obviously 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 no cost sites then may not charge you for in fact buying and selling funds or etfs individual products specific stocks.
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there’ll be costs 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 show you the charges with in particular in this video the next would be things to understand before you really begin purchasing copy trading or copy portfolios and lastly some finest suggestions finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s kick off with costs truly crucial to understand these now on there’s a couple of costs there isn’t charges to do with really buying and selling okay so commission fees are totally free nevertheless there are a couple of other charges the very first one is withdrawal charges so you can certainly put money 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 on but when you wish to withdraw your cash so you sell your shares you sell your products 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 obviously understanding that i’m going to make certain that i’m just withdrawing when i absolutely require to now you might say okay that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are simply one of those choices that they have a great deal of platforms certainly 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 as soon as every six months you understand depends entirely how you’re investing but that is a cost to remember the second cost that i’ve touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an option to purchase 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 anyhow or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading two and 2 free trade anyone at all this is standard they have i expect stuck to whatever cost they charge for that conversion rate you sort of need 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 really offering 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 say give me us dollars instead you have to pay their costs now the great thing about however when you’ve transformed your money you do not have to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually great utilizing that part of their site will not definitely restrict you in any way nevertheless we have to understand 2 other costs the first being what’s called spread charges okay and i’m going to show you what i imply on now a spread cost as i’m going to show you
on is basically the distinction that belongs to the investment platform between the buy cost and the price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really indicates that when you wish to offer or buy 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 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 discover this all over this is another way that they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind clearly it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you say alright well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it which is how they make a little bit of money on those spread out costs it’s generally extremely little it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a little bit money now the last accomplishment is called an
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over night fee now this is truly crucial if you’re in fact utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy offer transaction in the exact same day fine there’s then an over night cost charged and even if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which implies you’re in fact purchasing the precise possession instead of utilizing leverage anyway you won’t get hit with these charges but these costs are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s state if you go into the aid area this isn’t the over night charges details 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 and that only applies as i said to cfds there are some additional charges naturally depending upon what you are buying also this is on your own so keep that in mind however complete charges are totally within their assistance details alright and we talked about as well as 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 whatever there’s that five dollar withdrawal fee 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 extra charges on top of the regular costs that
exist now what you require to keep in mind though is these possibly handled by other individuals totally or in some cases have actually created portfolios you have actually got a real individual doing the management you have to make sure you select the person that’s right for you just like any profession this is your monetary assets so we absolutely need to make sure 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 have actually got a number of various alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your charge card details or anything you can generally have this virtual portfolio mimic as if you are using your own money however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money perhaps this is an excellent alternative for you once again to check the theories okay you may wish to purchase tesla or apple or this etf why not use the virtual choice as a method to kind of safe have fun with it undoubtedly you might have lost out on gains and losses throughout that time of course if you had invested your genuine cash it allows you to build self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to keep 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 undoubtedly 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 simply suggests am i all right with potentially losing an excellent quantity of this financial investment or gaining as
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well now keep in mind everything is ups and downs you will make money you’ll lose money that’s why they make the figure 75 individuals will lose money but that equally means they’ll lose at some time in their journey clearly people do earn money also and i’ve got videos everything about how you can ensure you’re one of the people to in fact earn money but in this circumstance make certain you research your risk level would you be all right offering your cash to another person which is effectively what you’re doing and trusting them make sure you understand what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous do not select someone who’s completely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold and even oil plus more conventional 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 state you can actually use this too actually easily over here you can copy people now it will give you a lot of options and you can use the system to in fact search for someone that you elegant actually following so let’s see maybe we want someone from unified kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds a good quantity and i can find everyone who has actually fulfilled that requirements and it does give you a risk element also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns
remember it’s like anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other way 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 fine with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she actually investing in so let’s go 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 absolutely like kind of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is good so in fact for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production companies as that. I Want To Join Etoro..
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