On this post you’ll find the answer to Long Position On Etoro….Concerns that i hear from new investors what if you’re brand new to investing you merely do not want to choose what you really want to invest and you desire someone to do it for you there’s just a couple of ways that that can occur the first of all you can work with a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is naturally you can buy mutual funds particular funds are produced 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 also now if you’re brand new to an overall please bear in mind this platform is quite sophisticated you can do cfds which naturally cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re learning about please do study the platform do not just presume due to the fact that i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they give that option also so you really get utilized to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in real business if you pick to in this particular video we’re talking about how to copy other people’s investments with your cash so clearly your capital is at risk and we have to bear that in mind do not simply do something because that individual has said they have actually made profit 14 months in a row purchase these options since you think is the best ones for you which being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is most likely.
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popular for it’s the choice to see what other traders are doing unbelievable we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can really say i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and generally each time they make a trade they buy they sell whatever they do your money will be mimicked with it so that means if for instance 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 charges involved truly critical you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly 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 a few of the zero fee websites then might not charge you for really buying and selling etfs or funds private products specific stocks.
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there’ll be fees on other parts possibly 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 show you the fees with in particular in this video the next would be things to understand prior to you really start buying copy trading or copy portfolios and lastly some best advice finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s start with charges really important to understand these now on there’s a number of costs there isn’t fees to do with really buying and selling alright so commission fees are totally free nevertheless there are a couple of other costs the first one is withdrawal fees so you can obviously put money in now if you’re 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 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 five dollars per withdrawal so for me naturally understanding that i’m going to ensure that i’m only withdrawing when i absolutely need to now you may say fine 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 somewhere and withdrawal costs are just one of those options 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 once every 6 months you know depends entirely how you’re investing however that is a charge to keep in mind the 2nd cost that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyway 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 utilize anybody so if you’re using trading 2 and two open market anyone at all this is standard they have i expect stuck with whatever cost they charge for that conversion rate you kind of need to accept you know if you wish to utilize their platform go from uk to us then that conversion fee is there what are they actually offering 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 provide me us dollars rather you need to pay their costs now the great thing about however when you’ve transformed your money you do not need to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary 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 additional fees so that’s really great using that part of their site won’t certainly limit you in any way nevertheless we have to understand 2 other charges the very first being what’s called spread charges okay and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you
on is generally the distinction that belongs to the financial investment platform in between the buy rate and the list price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that actually means that when you want to purchase or offer as you can see it’s not the price you’re seeing up here let me show you that once again so the current rate of tesla is the value of a share what’s called spread fees is the difference then actually 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 make money from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to buy than it is to sell so they’re going to give you less back with your sale and you say okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to offer it and that is how they make a little bit of money on those spread out costs it’s usually incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit money now the last feat is called an
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overnight charge now this is really essential if you’re actually using cfds yourself also an over night fee is when you’re refraining from doing that buy sell transaction in the exact same day okay there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re really purchasing the specific asset rather than utilizing utilize anyway you will not get hit with these charges however these fees are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s say if you go into the aid section this isn’t the over night charges details you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which just applies as i stated to cfds there are some surcharges of course depending on what you are purchasing also this is on your own so keep that in mind however complete fees are entirely within their help details fine and we spoke about along with free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity 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 two different ways of actually using these copy functions they do not have any additional charges on top of the typical costs that
are there now what you need to bear in mind though is these potentially handled by other people totally or often have developed portfolios you have actually got a genuine person doing the management you need to make sure you select the person that’s right for you similar to any line of work this is your monetary properties so we absolutely require to ensure 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 utilize this function we’ve got a number of various alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your credit card details or anything you can basically have this virtual portfolio mimic as if you are utilizing your own money but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money possibly this is an excellent option for you once again to test the theories alright you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe play with it undoubtedly you might have missed out on gains and losses throughout that time of course if you had invested your genuine money it permits you to build self-confidence comprehend 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 individuals and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk 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 fine with possibly losing a good quantity of this investment or getting as
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well now remember everything is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 people will lose money but that equally suggests they’ll lose eventually in their journey obviously people do generate income too and i’ve got videos everything about how you can make sure you’re one of the people to actually generate income but in this scenario make certain you research study your danger level would you be alright giving your cash to another person which is efficiently what you’re doing and trusting them make certain you comprehend what they’re investing in totally if you’re somebody who isn’t wishing to be that risky do not choose somebody who’s entirely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong products
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like gold or even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can really use this too really easily over here you can copy people now it will give you a great deal of options and you can use the system to really search for somebody that you elegant actually following so let’s see maybe we want somebody from joined kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can discover everyone who has actually satisfied that requirements and it does provide you a risk aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of individuals that have rather high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to confirm are you okay with this and off you go now another method to really deep dive if we click on 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 quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine actually that i invest in too which is great 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 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 main food companies and you’ve got you understand pharmaceutical and production companies as that. Long Position On Etoro.