On this post you’ll find the answer to Time Etoro….Concerns that i speak with new investors what if you’re brand new to investing you merely do not want to decide what you actually wish to invest and you want someone to do it for you there’s just a couple of manner ins which that can occur the to start with you can employ an investment portfolio supervisor they’ll normally charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is of course you can buy mutual funds particular funds are created 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 also now if you’re brand new to an overall please remember this platform is quite advanced you can do cfds which obviously cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t simply assume since i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they consider that alternative as well so you in fact get used to the structure of the site and after that when you’re ready to utilize your own money 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 buying genuine companies if you pick to in this specific video we’re talking about how to copy other individuals’s financial investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something because that individual has actually said they have actually made profit 14 months in a row invest in these choices because you think is the best ones for you and that being said 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 belongs to social trading which is one element that is most likely.
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famous for it’s the alternative to see what other traders are doing incredible we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can really state i wish to do precisely what that trader is doing or match that exact portfolio of choices and essentially every time they make a trade they purchase they sell whatever they do your cash 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 likewise cover is the fees included actually critical you comprehend what are the costs of this now with any platform there will be some cost to clearly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the zero cost websites then might not charge you for really buying and selling funds or etfs private products individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type 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 investing in copy trading or copy portfolios and lastly some best advice finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s kick off with fees actually important to understand these now on there’s a number of fees there isn’t costs to do with in fact buying and selling fine so commission costs are free nevertheless there are a couple of other fees the very first one is withdrawal costs 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 automatically converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash so you offer your shares you sell your commodities whatever you’re offering 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 certain that i’m just withdrawing when i definitely need to now you might state okay that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are simply one of those choices that they have a great deal of platforms undoubtedly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every 6 months you understand depends entirely how you’re investing but that is a fee to remember the second charge that i have actually discussed is that conversion fee now with you’re dealing in us dollars just there’s not an option to purchase in euros or uk which’s fine that suits me.
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a lot of my stocks are us dollar stocks anyway 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 anybody so if you’re using trading two and 2 open market anybody this is basic they have i expect stuck to whatever charge they charge for that conversion rate you type of have to accept you know if you want to use their platform go from uk to us then that conversion fee exists what are they in fact providing 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 give me us dollars rather you need to pay their fees now the excellent thing about however when you’ve transformed your cash you do not need to invest it right away that dollar value 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 additional costs so that’s actually excellent using that part of their site won’t certainly limit you in any way nevertheless we have to understand 2 other fees the very first being what’s called spread costs okay 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 difference that is part of the investment platform in 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 website right now 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 once again so the present rate of tesla is the worth of a share what’s called spread charges is the distinction then actually to purchase that share on the platform and you’ll find this everywhere this is another way that they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you state alright well why does that occur it simply 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 offer it and that is how they make a little bit of cash on those spread charges it’s generally 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 cash now the last feat is called an
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over night fee now this is really essential if you’re in fact utilizing cfds yourself as well an over night charge is when you’re not doing that buy offer deal in the very same day alright there’s then an over night cost charged and even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which suggests you’re actually buying the precise possession instead of utilizing utilize anyway you won’t get hit with these costs but these fees are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you enter into the aid area this isn’t the overnight costs info you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only applies as i stated to cfds there are some surcharges naturally depending upon what you are buying as well this is on your own so keep that in mind however complete charges are entirely within their help details okay and we spoke about as well as complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of really utilizing these copy functions they do not have any additional charges on top of the typical fees that
are there now what you need to bear in mind though is these possibly managed by other individuals entirely or in some cases 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 just like any line of work this is your monetary possessions so we definitely need to make sure it’s the best individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of different choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual means 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 require to put in your charge card details or anything you can basically have this virtual portfolio simulate as if you are using your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine money possibly this is an excellent choice for you again to evaluate the theories all right you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a way to sort of safe play with it certainly you may have missed out on gains and losses throughout that time naturally if you had actually invested your genuine money it permits 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 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 choose someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i imply by that clearly 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 means am i alright with potentially losing a good quantity of this investment or getting as
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well now remember everything is ups and downs you will make money you’ll lose money that’s why they make the figure 75 individuals will lose money however that similarly means they’ll lose at some point in their journey clearly individuals do make money as well and i’ve got videos all about how you can make certain you are among individuals to actually make money however in this circumstance make certain you research your risk level would you be all right providing your money to someone else which is effectively what you’re doing and trusting them make certain you comprehend what they’re buying completely if you’re someone who isn’t wishing to be that risky do not select someone who’s entirely into crypto or currency conversion think of it you ‘d probably want a foundation of strong products
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like gold or perhaps oil plus more traditional etfs and index funds you might not want 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 really easily over here you can copy people now it will offer you a lot of options and you can use the system to in fact search for somebody that you fancy really following so let’s see perhaps we want someone from united kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has actually met that requirements and it does give you a danger aspect also 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 individuals that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you fine with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she really purchasing so let’s enter 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 know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is excellent so in fact for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s likewise got a bit more um of the type of main food companies and you’ve got you understand pharmaceutical and production business as that. Time Etoro.