On this post you’ll find the answer to Meglio Etoro O….Questions that i speak with brand-new financiers what if you’re brand new to investing you just don’t wish to decide what you in fact want to invest and you desire someone to do it for you there’s just a couple of manner ins which that can take place the first of all you can hire a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is naturally 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 also now if you’re brand new to an overall please remember this platform is quite advanced you can do cfds which of course cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform do not simply presume due to the fact that i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they consider that option as well so you in fact get used 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 obviously your capital is at danger this is investing we’re doing you’re investing in real business if you pick to in this specific video we’re talking about how to copy other people’s financial investments with your money so undoubtedly your capital is at risk and we need to bear that in mind do not just do something because that individual has actually said they have actually made revenue 14 months in a row buy these options due to the fact that you believe is the ideal ones for you which being stated let’s dive directly in [Music] so 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 probably.
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popular 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 money we can in fact say i want to do exactly what that trader is doing or match that specific portfolio of options and basically every time they make a trade they purchase they sell whatever they do your money will be imitated with it so that means if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges involved actually critical you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly 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 absolutely no charge sites then might not charge you for really buying and selling funds or etfs specific commodities private stocks.
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there’ll be costs on other parts perhaps 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 reveal you the fees with in particular in this video the next would be things to know prior to you actually begin buying copy trading or copy portfolios and finally some finest guidance best practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s begin with charges truly important to understand these now on there’s a number of costs there isn’t costs to do with really buying and selling okay so commission fees are totally free however there are a couple of other costs the very first one is withdrawal charges so you can undoubtedly put money in now if you remain in the uk we put our uk cash.
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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 sell your shares you offer 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 of course understanding that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might state okay that’s rather pricey 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 simply among those options that they have a great deal of platforms certainly are free 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 know depends completely how you’re investing however that is a cost to bear in mind the 2nd charge that i’ve discussed is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk which’s fine that suits 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 fee 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 fee they charge for that conversion rate you sort of have to accept you understand if you want to utilize their platform go from uk to us then that conversion cost is there what are they in fact 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 instead you have to pay their costs now the great aspect of though when you have actually transformed your cash you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s really great utilizing that part of their site will not definitely restrict you in any way nevertheless we need to know two other charges the very first being what’s called spread fees all right and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is basically the difference that is part of the investment platform in between the buy cost 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 site right now tesla’s dollar value 599 per share in tesla that actually implies that when you wish to purchase or sell as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing rate of tesla is the worth of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind clearly it’s more expensive to purchase than it is to sell so they’re going to offer you less back with your sale and you say fine well why does that occur 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 want to sell it and that is how they make a little bit of cash on those spread costs it’s normally extremely small it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a bit money now the last task is called an
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overnight fee now this is actually crucial if you’re really using cfds yourself too an over night charge is when you’re refraining from doing that buy sell transaction in the very same day alright there’s then an overnight charge charged and even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which indicates you’re in fact buying the exact property instead of utilizing utilize anyhow you won’t get hit with these costs but these charges are if you’re using leverage and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you go into the aid area this isn’t the overnight fees information you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that just uses as i said to cfds there are some additional charges of course 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 details okay and we talked about along with totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of really utilizing these copy operates they don’t have any additional fees on top of the regular costs that
exist now what you require to bear in mind though is these potentially managed by other people completely or sometimes have 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 line of work this is your financial properties so we definitely require to ensure it’s the right individual for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of various choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual methods i think 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 details or anything you can generally have this virtual portfolio mimic as if you are using your own cash however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money possibly this is a great choice for you again to evaluate the theories okay you might want to purchase tesla or apple or this etf why not utilize the virtual option as a method to type of safe play with it obviously you may have missed out on gains and losses during that time obviously if you had invested your real money it permits you to build confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i imply by that undoubtedly 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 indicates am i all right with possibly losing a great amount of this financial investment or acquiring as
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well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose money however that equally means they’ll lose at some point in their journey certainly individuals do earn money too and i’ve got videos everything about how you can make certain you’re one of individuals to actually make money however in this circumstance make sure you research your risk level would you be fine giving your cash 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 someone who isn’t wanting to be that dangerous don’t pick someone who’s totally into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong products
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like gold or perhaps oil plus more traditional 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 state you can actually use this too really quickly over here you can copy people now it will give you a lot of options and you can utilize the system to in fact search for somebody that you fancy really following so let’s see maybe we want somebody from joined kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has actually met that criteria and it does give you a risk element too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to confirm are you alright with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she in fact buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is good so in fact 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 companies 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 know pharmaceutical and production business as that. Meglio Etoro O.
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