On this post you’ll find the answer to Reddit Is Etoro Safe….Concerns that i speak with new financiers what if you’re brand new to investing you just don’t wish to decide what you actually want to invest and you desire somebody to do it for you there’s just a number of ways that that can occur the first off you can work with an investment portfolio supervisor they’ll normally charge a quite a high premium to do that maybe one or two percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular funds are produced 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 keep in mind this platform is rather advanced you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t 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 cash they consider that alternative too 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 naturally your capital is at risk this is investing we’re doing you’re investing in real companies if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your cash so clearly 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 buy these choices since you believe is the right ones for you which being stated let’s dive directly 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 amazing we do not generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can actually state i want to do exactly what that trader is doing or match that exact portfolio of options and essentially every time they make a trade they buy they offer whatever they do your money will be simulated with it so that suggests if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the fees involved truly vital you comprehend what are the costs of this now with any platform there will be some expense to certainly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no fee sites then may not charge you for actually buying and selling funds or etfs private products individual stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to understand prior to you actually begin investing in copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s start with fees really crucial to understand these now on there’s a number of charges there isn’t fees to do with in fact buying and selling all right so commission charges are complimentary nevertheless there are a number of other charges the first one is withdrawal fees so you can clearly put money 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 selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m just withdrawing when i definitely need to now you may say fine 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 charges are just among those options that they have a great deal of platforms obviously are complimentary 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 when every 6 months you understand depends entirely how you’re investing however that is a cost to remember the 2nd cost that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’s fine 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 great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading two and 2 free trade anyone at all this is standard they have actually i expect stuck to whatever charge they charge for that conversion rate you kind of need to accept you understand if you want to use their platform go from uk to us then that conversion fee 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 haggle with them you can’t go to the bank and state provide me us dollars rather you need to pay their costs now the great thing about however when you’ve transformed your cash you do not have to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates 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 costs so that’s really excellent utilizing that part of their site will not definitely limit you in any way nevertheless we have to be aware of two other fees the first being what’s called spread costs fine and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you
on is essentially the difference that becomes part of the investment platform between the buy price and the list price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that in fact indicates that when you wish to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that again so the present price of tesla is the value of a share what’s called spread fees is the difference then in fact to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind clearly it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you say all right well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to sell it which is how they make a little bit of cash on those spread out costs it’s typically incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a little bit cash now the last accomplishment is called an
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overnight cost now this is actually essential if you’re really using cfds yourself also an over night cost is when you’re not doing that buy offer transaction in the same day all right there’s then an overnight charge charged and even 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 utilizing time one leverage which suggests you’re really purchasing the exact possession instead of utilizing leverage anyhow you will not get hit with these charges but these charges are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy offering in the exact same day so let’s say if you go into the assistance section this isn’t the over night costs details you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only applies as i said to cfds there are some surcharges naturally depending upon what you are buying too this is on your own so keep that in mind but complete costs are totally within their assistance information okay and we talked about as well as free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of in fact utilizing these copy operates they do not have any additional costs on top of the normal fees that
exist now what you need to keep in mind though is these possibly handled by other people completely or often have produced portfolios you have actually got a real individual doing the management you have to make certain you pick the person that’s right for you just like any kind of work this is your monetary possessions so we definitely need to make certain it’s the ideal individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of different options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real money 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 utilizing your own cash but really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine money possibly this is a great choice for you again to evaluate the theories fine you may wish to buy tesla or apple or this etf why not utilize the virtual option as a method to sort of safe play with it clearly you may have missed out on gains and losses throughout that time naturally if you had actually invested your genuine cash 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 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 choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger 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 risk simply implies am i all right with possibly losing an excellent quantity of this financial investment or acquiring 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 statistic 75 people will lose money however that equally suggests they’ll lose at some time in their journey certainly people do earn money too and i’ve got videos everything about how you can make sure you’re one of individuals to actually earn money however in this circumstance ensure you research study your threat level would you be alright providing your money to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re buying completely if you’re someone who isn’t wanting to be that risky do not choose someone who’s totally into crypto or currency conversion think of it you ‘d probably want a foundation of strong commodities
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like gold and even oil plus more conventional etfs and index funds you may not desire 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 utilize this too actually easily over here you can copy individuals now it will provide you a great deal of options and you can use the system to in fact search for someone that you expensive in fact following so let’s see perhaps we want someone from joined kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has actually fulfilled that requirements and it does provide you a danger 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 variety of people that have rather high returns
keep in mind it’s like 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 other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to confirm are you fine with this and off you go now another method to actually deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she actually purchasing 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 great to know ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine really that i invest in too which is great so in fact for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production business as that. Reddit Is Etoro Safe.
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