On this post you’ll find the answer to Is It Safe To Keep Crypto On Etoro….Concerns that i hear from new investors what if you’re brand new to investing you just do not want to decide what you actually want to invest and you want someone to do it for you there’s just a number of ways that that can happen the first of all you can hire an investment portfolio manager they’ll usually charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is of course you can purchase mutual funds specific 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 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 ways of investing
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with not in fact having the total of capital so with anything that you’re discovering please do study the platform don’t just assume because i use 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 too so you really get utilized to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re investing in real companies if you pick to in this particular video we’re discussing how to copy other individuals’s investments with your money so certainly your capital is at risk and we need to bear that in mind do not simply do something because that individual has said they have actually made earnings 14 months in a row invest in these choices because you think is the best ones for you and that being stated 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 most likely.
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popular for it’s the alternative to see what other traders are doing extraordinary we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can actually state i want to do precisely what that trader is doing or match that precise portfolio of alternatives and essentially every time they make a trade they buy they offer whatever they do your money will be imitated with it so that means if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees included actually important you understand what are the expenses of this now with any platform there will be some expense to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no charge sites then may not charge you for in fact buying and selling funds or etfs individual commodities individual stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing 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 fees with in particular in this video the next would be things to know prior to you in fact begin buying copy trading or copy portfolios and finally some finest recommendations finest practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s start with costs really essential to comprehend these now on there’s a number of charges there isn’t costs to do with actually buying and selling okay so commission charges are complimentary nevertheless there are a number of other charges 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 in the future but when you wish to withdraw your money so you offer your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m just withdrawing when i definitely require to now you might state alright that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are just among those alternatives that they have a great deal of platforms obviously 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 when every 6 months you understand depends entirely how you’re investing however that is a fee to remember the second cost that i’ve discussed is that conversion charge now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk which’s great 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 excellent with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading 2 and two open market anybody this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you sort of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost is there what are they actually offering you in regards to 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 feature of however when you’ve converted your money you do not have to invest it immediately 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 buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s really great using that part of their website will not certainly restrict you in any way nevertheless we need to understand 2 other charges the very first being what’s called spread fees fine and i’m going to reveal you what i mean on now a spread charge as i’m going to show you
on is basically the distinction that is part of the investment platform in between the buy price and the list price fine 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 in fact indicates that when you wish to purchase or sell as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current price of tesla is the value of a share what’s called spread fees 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 small amount of profit from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you state alright well why does that happen it just 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 sell it and that is how they make a bit of money on those spread charges it’s normally incredibly 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 bit cash now the last accomplishment is called an
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over night cost now this is really essential if you’re really utilizing cfds yourself also an overnight cost is when you’re not doing that buy offer deal in the exact same day fine there’s then an over night fee charged or perhaps if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one utilize which indicates you’re actually buying the precise possession rather than using take advantage of anyhow you will not get hit with these charges however these costs are if you’re utilizing take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you enter into the assistance 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 fees then for when you’re doing overnight or you’re doing over weekends which only applies as i stated to cfds there are some service charges naturally depending upon what you are purchasing as well this is on your own so keep that in mind but complete costs are totally within their help information fine and we spoke about in addition to totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of actually utilizing these copy operates they do not have any additional costs on top of the normal charges that
are there now what you need to remember though is these potentially managed by other individuals entirely or in some cases have created portfolios you’ve got a genuine person doing the management you have to make certain you select the person that’s right for you much like any kind of work this is your financial properties so we absolutely need to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple of various choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual ways 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 information or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own cash but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money maybe this is a fantastic alternative for you again to check the theories alright you might want to buy tesla or apple or this etf why not use the virtual choice as a method to sort of safe have fun with it obviously you might have missed out on gains and losses during that time naturally if you had invested your genuine money it enables you to build confidence understand the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy individuals 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 mean by that obviously 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 simply means am i fine with potentially losing a great quantity of this financial investment or acquiring as
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well now keep in mind everything is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 people will lose money but that equally implies they’ll lose eventually in their journey obviously people do make money as well and i’ve got videos everything about how you can make sure you are among the people to in fact earn money but in this circumstance make sure you research your risk level would you be fine giving your money to another person which is effectively what you’re doing and trusting them make sure you comprehend what they’re investing in fully if you’re somebody who isn’t wishing to be that risky do not pick somebody who’s completely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong products
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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 same with who you’re following now as i say you can actually utilize this too actually quickly over here you can copy people now it will offer you a great deal of options and you can utilize the system to actually search for someone that you expensive actually following so let’s see perhaps we want someone from united kingdom um who invests in let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has actually satisfied that criteria and it does provide you a risk element too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of individuals that have quite high returns
remember it resembles 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 might 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 after that you know ask you to confirm are you fine with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she really buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great 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 actually that i invest in too which is good so really for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production companies as that. Is It Safe To Keep Crypto On Etoro.
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