On this post you’ll find the answer to Professional Trader Etoro….Concerns that i speak with new financiers what if you’re brand new to investing you simply do not wish to choose what you in fact want to invest and you want someone to do it for you there’s only a couple of ways that that can occur the to start with you can work with a financial investment portfolio manager they’ll normally charge a quite a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific funds are produced 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 a total please keep in mind this platform is quite innovative you can do cfds which naturally cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning about please do study the platform don’t simply assume since i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that option also so you in fact get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re investing in real business if you select to in this specific video we’re speaking about how to copy other individuals’s investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not just do something because that individual has said they’ve made earnings 14 months in a row purchase these choices because you think is the best ones for you and that being stated let’s dive directly in [Music] so 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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famous for it’s the alternative to see what other traders are doing amazing we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can really state i wish to do exactly what that trader is doing or match that specific portfolio of options and basically each time they make a trade they purchase they sell whatever they do your cash will be imitated with it so that suggests 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 actually important you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly these are real business 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 cost websites then might not charge you for in fact buying and selling etfs or funds private commodities private stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 know before you actually start purchasing copy trading or copy portfolios and lastly some finest suggestions finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s begin with charges really crucial to understand these now on there’s a couple of charges there isn’t costs to do with in fact buying and selling okay so commission fees are totally free nevertheless there are a number of other costs the first one is withdrawal charges so you can certainly 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 however when you wish 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 obviously knowing that i’m going to ensure that i’m just withdrawing when i absolutely need to now you may say all right that’s quite expensive and i get that but 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 choices that they have a great deal of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every six months you know depends totally how you’re investing however that is a charge to bear in mind the 2nd charge that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’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 purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading 2 and 2 open market anyone at all this is basic they have i suppose stuck to whatever fee they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion fee is there what are they really offering 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 state offer me us dollars rather you need to pay their fees now the great thing about however when you’ve converted your cash you do not have to invest it right away that dollar worth can being in your portfolio as money 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 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 will not certainly restrict you in any way however we have to know 2 other charges the first being what’s called spread fees 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 distinction that becomes part of the investment platform between the buy cost and the sale price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that really suggests that when you wish to purchase or offer as you can see it’s not the price you’re seeing up here let me show you that again so the existing cost of tesla is the value of a share what’s called spread charges is the difference then in fact to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of benefit from you each time you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you state all right well why does that happen it just does that is the nature of a lot 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 cash on those spread costs it’s normally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment company 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 charge is when you’re refraining from doing that buy offer transaction in the very same day all right there’s then an overnight charge charged and even if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which implies you’re in fact buying the precise possession rather than using take advantage of anyhow you won’t get hit with these fees however these charges are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s state if you enter into the aid section this isn’t the over night costs 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 over night or you’re doing over weekends and that just applies as i stated to cfds there are some added fees of course depending upon what you are investing in also this is on your own so keep that in mind however full costs are completely within their aid information okay and we talked about as well as complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different ways of actually utilizing these copy operates they don’t have any additional costs on top of the normal fees that
are there now what you require to remember though is these possibly handled by other people entirely or sometimes have actually created portfolios you’ve got a real individual doing the management you have to make sure you select the individual that’s right for you similar to any type of work this is your financial possessions so we definitely 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 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 money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun 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 generally have this virtual portfolio mimic as if you are utilizing your own cash however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money maybe this is a great option for you once again to evaluate the theories okay you may want to purchase tesla or apple or this etf why not utilize the virtual option as a way to type of safe have fun with it undoubtedly you might have missed out on gains and losses during that time of course if you had invested your genuine cash it enables you to construct confidence comprehend 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 people 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 comprehend what your danger 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 financial investments the riskier you can be run the risk of just implies am i okay with possibly losing a great quantity of this investment or gaining as
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well now remember everything is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 people will lose money however that similarly suggests they’ll lose eventually in their journey undoubtedly people do generate income too and i’ve got videos all about how you can ensure you are among the people to actually make money however in this circumstance make certain you research your threat level would you be okay giving your money to someone else which is successfully what you’re doing and trusting them ensure you understand what they’re buying completely if you’re someone who isn’t wishing to be that dangerous do not choose someone 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 and even oil plus more conventional 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 in fact utilize this too actually easily over here you can copy people now it will offer you a lot of options and you can utilize the system to actually search for someone that you fancy really following so let’s see possibly we want someone from united kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds a great quantity and i can discover everyone who has satisfied that requirements and it does offer you a risk factor too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number 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 indicate somebody will make 56 for you for the next 12 months they could make four 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 alright 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 actually investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is excellent so really for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she prefers she’s likewise got a little bit more um of the type of primary food business and you’ve got you know pharmaceutical and production business as that. Professional Trader Etoro.
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