On this post you’ll find the answer to Is Etoro A Good Trading Platform….Concerns that i speak with new investors what if you’re brand new to investing you just do not want to choose what you in fact want to invest and you desire somebody to do it for you there’s only a number of manner ins which that can happen the first of all you can employ an investment portfolio manager they’ll typically charge a quite a high premium to do that perhaps one or two percent of your profits will go to them the other thing is naturally you can purchase 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 advanced you can do cfds which naturally cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform don’t simply assume due to the fact that 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 alternative as well so you really get utilized 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 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 talking about how to copy other people’s financial investments with your cash so obviously your capital is at danger and we need to bear that in mind do not just do something because that person has actually stated they have actually made earnings 14 months in a row invest in these options since you believe is the right ones for you and that being said let’s dive directly 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 aspect that is probably.
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popular for it’s the option to see what other traders are doing unbelievable we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can really state i wish to do exactly what that trader is doing or match that specific portfolio of choices and basically each time they make a trade they purchase they offer whatever they do your money will be mimicked 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 also cover is the costs involved truly vital you understand what are the costs of this now with any platform there will be some cost to obviously these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero cost sites then might not charge you for actually buying and selling etfs or funds private commodities individual stocks.
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there’ll be fees on other parts maybe 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 prior to you actually begin purchasing copy trading or copy portfolios and finally some finest advice finest practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s kick off with costs really essential to comprehend these now on there’s a number of costs there isn’t fees to do with in fact buying and selling all right so commission costs are complimentary however there are a couple of other charges the very first one is withdrawal fees so you can clearly put money in now if you’re in the uk we put our uk money.
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and it’s automatically 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 offer your shares you offer your commodities whatever you’re offering the minimum quantity 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 ensure that i’m just withdrawing when i absolutely need to now you might state fine that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are just one of those alternatives that they have a lot of platforms certainly are 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 when every 6 months you understand depends totally how you’re investing but that is a fee to keep in mind the 2nd fee that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not a choice to buy 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 good with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading two and two free trade anyone at all this is standard they have i expect stuck with whatever fee 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 charge exists what are they actually providing you in regards to 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 offer me us dollars rather you need to pay their fees now the great aspect of however when you’ve converted your money you do not need to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s truly good utilizing that part of their website won’t certainly restrict you in any way however we have to be aware of 2 other fees the very first being what’s called spread fees all right and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is essentially the difference that becomes part of the financial investment platform in between the buy price and the list price alright 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 worth 599 per share in tesla that actually indicates that when you want to purchase or sell as you can see it’s not the cost 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 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 expensive to buy than it is to offer so they’re going to provide you less back with your sale and you say okay well why does that happen 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 want to offer it and that is how they make a bit of cash on those spread charges 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 again make a little bit money now the last accomplishment is called an
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over night charge now this is actually important if you’re actually utilizing cfds yourself also an over night fee is when you’re refraining from doing that buy offer deal in the same day all right there’s then an overnight fee charged or perhaps 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 actually buying out the etf the stock the product and using time one take advantage of which suggests you’re really buying the precise property instead of using utilize anyway you won’t get hit with these charges but these fees are if you’re using utilize and cfds and then you’re going to have these charges if you’re not buy offering in the same day so let’s state if you go into the help section this isn’t the over night fees information you can see exactly the breakdown and it’ll inform you what are the charges what are the charges 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 naturally depending upon what you are buying also this is on your own so keep that in mind but full fees are entirely within their assistance information all right and we spoke about as well as complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two various ways of in fact utilizing these copy operates they don’t have any additional fees on top of the normal charges that
exist now what you require to keep in mind though is these potentially handled by other individuals entirely or sometimes have actually created portfolios you have actually got a genuine individual doing the management you have to make sure you select the person that’s right for you just like any kind of work this is your financial properties so we absolutely require to make certain it’s the ideal person for us prior to we copy them so the first things i would call it if you do want to utilize 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 choice 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 money that you’re investing you will not require to put in your credit card details or anything you can generally have this virtual portfolio imitate as if you are using your own money but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash possibly this is a terrific choice for you again to test the theories fine you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe have fun with it clearly you might have lost out on gains and losses during that time obviously if you had actually invested your genuine money 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 return 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 keep in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i indicate by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just implies am i all right with potentially losing a great amount of this financial investment or acquiring as
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well now remember everything is downs and ups you will make money you’ll lose money that’s why they make the fact 75 people will lose money but that similarly implies 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 are among individuals to actually generate income but in this scenario ensure you research study your danger level would you be okay giving your money to someone else which is successfully what you’re doing and trusting them make sure you understand what they’re investing in completely if you’re somebody who isn’t wishing to be that risky don’t choose somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may 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 actually utilize this too actually quickly over here you can copy individuals now it will offer you a great deal of options and you can utilize the system to actually look for someone that you expensive really following so let’s see possibly we want someone from united kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a good quantity and i can find everybody who has satisfied that criteria and it does provide you a danger element as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of individuals that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to ensure 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 verify are you alright 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 actually deep dive into what is she actually purchasing 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 know ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine really that i invest in too which is good so in fact for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s likewise got a bit more um of the kind of primary food business and you have actually got you know pharmaceutical and production companies as that. Is Etoro A Good Trading Platform.