On this post you’ll find the answer to Online Broker Test Etoro….Questions that i speak with new investors what if you’re brand new to investing you just do not wish to decide what you really wish to invest and you want somebody to do it for you there’s only a couple of ways that that can occur the to start with you can hire a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is naturally you can buy mutual funds particular funds are created 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 remember this platform is quite innovative you can do cfds which naturally cfds are methods 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 do not simply presume due to the fact that i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they give that alternative also so you in fact get utilized to the structure of the site and then when you’re ready to utilize your own cash 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 select to in this specific video we’re speaking about how to copy other people’s investments with your money so clearly your capital is at threat and we need to bear that in mind do not just do something because that person has actually said they’ve made profit 14 months in a row invest in these choices since you believe 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 understanding what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is most likely.
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popular for it’s the alternative to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our cash we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and essentially every time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that implies if for instance 10 of their financial 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 costs involved really critical you comprehend what are the expenses of this now with any platform there will be some expense to obviously these are real 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 websites then might not charge you for actually buying and selling funds or etfs private products private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand prior to you in fact start investing in copy trading or copy portfolios and finally some finest advice best practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s kick off with costs truly important to understand these now on there’s a number of charges there isn’t fees to do with in fact buying and selling okay so commission costs are free however there are a number of other fees the first one is withdrawal fees so you can clearly put cash in now if you remain in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your cash so you offer 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 naturally knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you might state alright that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are simply among those choices that they have a great deal of platforms clearly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you understand depends totally how you’re investing however that is a charge to keep in mind the second charge that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s fine that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m good 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 2 free trade anyone at all this is basic they have i expect stuck with whatever fee they charge for that conversion rate you kind of have to accept you understand if you want to use their platform go from uk to us then that conversion cost exists what are they really giving 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 provide me us dollars instead you have to pay their costs now the fantastic thing about though when you have actually converted your cash you do not need to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the preliminary 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 additional fees so that’s really good utilizing that part of their website won’t definitely limit you in any way however we need to know two other fees the first being what’s called spread fees fine and i’m going to show you what i indicate on now a spread cost as i’m going to show you
on is generally the distinction that becomes part of the financial investment platform in between the buy cost and the sale price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that really implies that when you want to sell or purchase as you can see it’s not the price you’re seeing up here let me show you that again so the present cost of tesla is the worth of a share what’s called spread costs is the distinction then really to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of benefit from you every time 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 give you less back with your sale and you say okay well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it and that is how they make a bit of cash on those spread costs it’s generally 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 charge now this is truly important if you’re really utilizing cfds yourself too an overnight charge is when you’re not doing that buy sell deal in the same day all right there’s then an overnight cost charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which indicates you’re really purchasing the precise possession instead of using utilize anyhow you will not get hit with these fees but these charges are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy selling in the exact same day so let’s say if you enter into the help area this isn’t the overnight fees information 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 over night or you’re doing over weekends which only applies as i stated to cfds there are some added fees of course depending upon what you are purchasing too this is on your own so keep that in mind but full costs are entirely within their aid details okay and we spoke about in addition to complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything 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 really utilizing these copy functions they don’t have any additional fees on top of the normal costs that
exist now what you need to bear in mind though is these possibly managed by other individuals totally or often have created portfolios you have actually got a real individual doing the management you need to make certain you pick the person that’s right for you much like any line of work this is your financial possessions so we absolutely need to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of various alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your credit card information or anything you can essentially have this virtual portfolio imitate as if you are using your own money but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash perhaps this is an excellent choice for you once again to evaluate the theories okay you may want to buy tesla or apple or this etf why not utilize the virtual option as a method to type of safe have fun with it obviously you may have missed out on gains and losses during that time of course if you had actually invested your real money it enables you to build self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return 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 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 suggest 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 implies am i fine with potentially losing a great quantity of this financial investment or getting as
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well now remember whatever is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 people will lose cash but that equally indicates they’ll lose at some time in their journey obviously individuals do earn money also and i’ve got videos all about how you can make sure you’re one of individuals to actually make money but in this scenario ensure you research your threat level would you be fine providing your cash to someone else which is successfully what you’re doing and trusting them make certain you understand what they’re buying fully if you’re somebody who isn’t wishing to be that dangerous do not pick somebody who’s completely into crypto or currency conversion think of it you ‘d most likely want a foundation 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 same with who you’re following now as i say you can in fact utilize this too really quickly over here you can copy people now it will offer you a lot of options and you can utilize the system to really look for someone that you elegant in fact following so let’s see possibly we want somebody from joined kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds a good quantity and i can discover everybody who has fulfilled that criteria and it does offer 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 variety of people that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to guarantee 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 validate are you fine with this and off you go now another method to actually deep dive if we click 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 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 good to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine really that i invest in too which is excellent so actually for me knowing what i like to buy my specific 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 type of main food companies and you have actually got you understand pharmaceutical and production business as that. Online Broker Test Etoro.
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