On this post you’ll find the answer to Parking Etoro….Concerns that i speak with new financiers what if you’re brand new to investing you just don’t wish to choose what you really want to invest and you desire somebody to do it for you there’s just a number of manner ins which that can take place the first of all you can employ a financial investment portfolio supervisor they’ll generally charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is obviously you can buy mutual funds particular funds are developed 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 an overall please keep in mind this platform is rather innovative you can do cfds which naturally cfds are ways of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform don’t simply presume because i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they consider that choice as well so you really get utilized to the structure of the site and then when you’re ready to use 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 genuine business if you select to in this specific video we’re discussing 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 since that person has actually said they’ve made revenue 14 months in a row invest in these options since you think is the ideal ones for you and that 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’s part of social trading which is one aspect that is most likely.
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famous for it’s the choice 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 therefore that implies with our cash we can actually say i want to do precisely what that trader is doing or match that specific portfolio of choices and essentially every time they make a trade they buy they offer whatever they do your money will be mimicked with it so that indicates if for instance 10 of their investment portfolio remains 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 really vital you comprehend what are the costs of this now with any platform there will be some cost to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the zero fee websites then may not charge you for really buying and selling funds or etfs specific products 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 costs associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand prior to you in fact start purchasing copy trading or copy portfolios and finally some best recommendations best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with charges truly important to comprehend these now on there’s a number of fees there isn’t charges to do with in fact buying and selling okay so commission fees are free however there are a couple of other costs the first one is withdrawal charges 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 instantly converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your cash so you offer your shares you offer your products 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 make sure that i’m just withdrawing when i definitely need to now you may state alright 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 someplace and withdrawal charges are simply among those options that they have a lot of platforms certainly are totally free to do such things has this five 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 however that is a cost to bear in mind the 2nd cost that i have actually touched upon is that conversion fee now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading 2 and 2 free trade anyone at all this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you sort 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 really giving 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 say give me us dollars rather you have to pay their charges now the fantastic aspect of however when you’ve transformed your cash you do not need to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s truly great utilizing that part of their website won’t definitely limit you in any way however we have to be aware of 2 other costs the very first being what’s called spread charges all right and i’m going to show you what i indicate on now a spread cost as i’m going to reveal you
on is essentially the difference that is part of the financial investment platform in between the buy price and the sale price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that in fact implies that when you want to buy or offer as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing rate of tesla is the value of a share what’s called spread costs is the difference then really to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of make money from you each time you do a buyer’s share so keep that in mind clearly it’s more costly to buy than it is to sell so they’re going to provide you less back with your sale and you say alright well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you wish to offer it which is how they make a bit of cash on those spread charges it’s usually incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a little bit cash now the last accomplishment is called an
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overnight cost now this is actually important if you’re really utilizing cfds yourself too an overnight fee is when you’re not doing that buy offer transaction in the same day fine there’s then an over night fee charged and even if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one take advantage of which means you’re really purchasing the specific property rather than utilizing take advantage of anyway you won’t get hit with these costs however these charges are if you’re utilizing utilize and cfds and after that you’re going to have these charges if you’re not buy offering in the very same day so let’s say if you enter into the assistance section this isn’t the overnight charges info you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which just applies as i stated to cfds there are some surcharges of course depending upon what you are purchasing as well this is on your own so keep that in mind but full charges are completely within their help details alright and we discussed as well as totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of really utilizing these copy works they do not have any additional costs on top of the typical costs that
are there now what you need to bear in mind though is these potentially handled by other individuals completely or often have created portfolios you’ve got a real person doing the management you need to make sure you choose the individual that’s right for you just like any kind of work this is your monetary possessions so we absolutely need to make sure it’s the best person for us prior to 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 choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your charge card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own money but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money perhaps this is a great alternative for you again to test the theories alright you might wish to purchase tesla or apple or this etf why not utilize the virtual option as a way to kind of safe have fun with it obviously you might have lost out on gains and losses during that time of course if you had actually invested your real cash it allows you to develop 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 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 mean 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 run the risk of just suggests am i okay with possibly losing a good amount of this financial investment or getting as
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well now remember everything is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose cash however that similarly suggests they’ll lose at some point in their journey undoubtedly individuals do make money too and i have actually got videos all about how you can make certain you are among the people to actually earn money but in this situation make certain you research your risk level would you be all right giving your money to another person which is effectively what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re someone who isn’t wanting to be that risky do not pick somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely desire 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 same with who you’re following now as i state you can in fact use this too truly quickly over here you can copy individuals now it will give you a great deal of choices and you can use the system to really search for somebody that you expensive 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’ve acquired at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everyone who has actually satisfied that requirements and it does give you a danger factor also 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 people that have quite high returns
bear 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 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 then you understand ask you to verify are you fine with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she in fact buying 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 good to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine really that i invest in too which is excellent so actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s also got a little bit more um of the sort of main food companies and you’ve got you understand pharmaceutical and production companies as that. Parking Etoro.
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