On this post you’ll find the answer to Rachel Woods Etoro….Concerns that i hear from new financiers what if you’re brand new to investing you just do not want to choose what you in fact wish to invest and you want somebody to do it for you there’s just a couple of manner ins which that can take place the first of all you can employ an investment portfolio manager they’ll generally 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 specific funds are developed 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 rather innovative you can do cfds which obviously cfds are ways 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 don’t just assume 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 cash they give that choice too so you in fact get utilized to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re buying genuine business if you pick to in this specific video we’re discussing how to copy other people’s investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not just do something because that person has said they have actually made earnings 14 months in a row purchase these options because you think is the best ones for you which 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 becomes part of social trading which is one element that is probably.
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famous for it’s the option to see what other traders are doing extraordinary we don’t usually get that insight from a great deal of platforms and the other advantage 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 exact portfolio of choices and essentially every time they make a trade they buy they offer whatever they do your money will be simulated with it so that indicates 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 also cover is the costs involved actually critical 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 included and even a few of the zero cost websites then may not charge you for really buying and selling etfs or funds private products private 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 fees 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 before you actually begin purchasing copy trading or copy portfolios and finally some finest advice best practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s begin with fees really essential to understand these now on there’s a couple of charges there isn’t charges to do with really buying and selling fine so commission fees are totally free however there are a couple of other costs the first one is withdrawal fees so you can certainly put cash 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 however when you wish to withdraw your cash so you sell your shares you offer your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you may say 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 somewhere and withdrawal charges are just among those choices that they have a lot of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every 6 months you know depends completely how you’re investing but that is a charge to keep in mind the second cost that i have actually touched upon is that conversion charge now with you’re handling us dollars just there’s not an alternative to buy in euros or uk which’s great that matches 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 great with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading 2 and two open market anyone at all this is basic they have actually i suppose stuck to whatever fee they charge for that conversion rate you kind of need to accept you know if you wish to use their platform go from uk to us then that conversion cost exists what are they actually providing 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 offer me us dollars instead you have to pay their charges now the terrific feature of however when you have actually converted 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 implies the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s actually excellent utilizing that part of their website won’t definitely restrict you in any way however we have to know 2 other costs the very first being what’s called spread charges alright and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you
on is essentially the difference that becomes part of the investment platform between the buy cost and the list price alright it’s their premium on doing both those two 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 indicates that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me show you that once again so the present rate of tesla is the worth of a share what’s called spread costs is the difference then really to purchase that share on the platform and you’ll find this all over this is another way that they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to buy than it is to offer so they’re going to offer 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 little bit of money on those spread charges it’s typically extremely little 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 accomplishment is called an
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overnight cost now this is truly crucial if you’re in fact using cfds yourself too an over night charge is when you’re not doing that buy offer deal in the exact same day okay there’s then an overnight charge charged or even if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which means you’re actually buying the exact property instead of using leverage anyway you will not get hit with these fees however these fees are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s say if you enter into the aid area this isn’t the over night charges information you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which only applies as i said to cfds there are some surcharges naturally depending on what you are buying as well this is on your own so keep that in mind however full fees are totally within their assistance information fine and we discussed as well as complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of actually utilizing these copy functions they do not have any extra costs on top of the regular costs that
are there now what you need to bear in mind though is these possibly handled by other individuals entirely or in some cases have created portfolios you have actually got a genuine person doing the management you need to make certain you select the person that’s right for you much like any profession this is your financial possessions so we absolutely require to make certain it’s the ideal 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 different alternatives 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 genuine money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash possibly this is a fantastic option for you again to test the theories all right you might want to purchase tesla or apple or this etf why not use the virtual option as a way to sort of safe play with it undoubtedly you might have lost out on gains and losses throughout that time of course if you had actually invested your genuine cash it enables you to construct confidence understand 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 in fact how to copy people and copy portfolios now here’s something to bear in mind before you pick someone 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 indicate by that clearly 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 suggests am i alright with potentially losing an excellent quantity of this financial investment or gaining 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 figure 75 individuals will lose cash however that similarly means they’ll lose at some point in their journey undoubtedly people do generate income too and i’ve got videos all about how you can make sure you’re one of the people to really generate income however in this scenario make sure you research study your risk level would you be fine providing your money to someone else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re somebody who isn’t wanting to be that dangerous do not pick someone who’s totally into crypto or currency conversion consider it you ‘d probably desire a foundation of strong products
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like gold or even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact utilize this too actually quickly over here you can copy individuals now it will provide you a lot of choices and you can use the system to in fact look for someone that you elegant in fact following so let’s see perhaps we want someone from joined kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a great amount and i can find everyone who has actually fulfilled that requirements and it does provide you a threat element also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have quite high returns
bear in mind it resembles 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 4 or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to validate are you okay with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she really purchasing so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got some of mine really that i buy too which is good so really for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s likewise got a bit more um of the kind of main food companies and you’ve got you understand pharmaceutical and production business as that. Rachel Woods Etoro.
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