On this post you’ll find the answer to Trading Bot Etoro….Questions that i hear from new investors what if you’re brand new to investing you just don’t wish to choose what you actually wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can happen the firstly you can hire an investment portfolio manager they’ll typically charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is naturally you can buy mutual funds particular funds are created 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 too now if you’re brand new to a total please remember this platform is rather sophisticated 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 learning about please do study the platform don’t simply assume since i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they consider that option too so you in fact get utilized to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim naturally 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 speaking about how to copy other people’s investments with your cash so certainly your capital is at danger and we have to bear that in mind do not just do something because that individual has stated they’ve made revenue 14 months in a row purchase these choices because you think is the best ones for you and that being said let’s dive straight in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one element that is most likely.
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well-known 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 indicates with our money we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of options and generally every time they make a trade they buy they offer whatever they do your money will be imitated with it so that means if for example 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 charges involved really crucial you comprehend what are the costs of this now with any platform there will be some cost to obviously these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no fee sites then may not charge you for really buying and selling etfs or funds private commodities private stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering 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 fees with in particular in this video the next would be things to understand before you actually start purchasing copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s start with fees truly essential to comprehend these now on there’s a couple of charges there isn’t charges to do with really buying and selling all right so commission costs are totally free nevertheless there are a couple of other fees the first one is withdrawal charges so you can obviously put cash in now if you remain in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money so you offer your shares you sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might state all right that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are simply among those choices that they have a lot of platforms clearly 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 once every six months you understand depends completely how you’re investing but that is a cost to keep in mind the 2nd charge that i’ve touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to purchase 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 good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading 2 and two free trade anybody this is basic they have i expect stuck with whatever fee they charge for that conversion rate you sort of have to accept you understand if you wish to use their platform go from uk to us then that conversion cost 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 state give me us dollars instead you need to pay their costs now the terrific aspect of however when you have actually converted your cash you do not need to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that means the initial 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 extra costs so that’s actually excellent using that part of their website will not certainly restrict you in any way nevertheless we need to understand two other charges the first being what’s called spread charges alright and i’m going to reveal you what i mean on now a spread cost as i’m going to reveal you
on is generally the difference that belongs to the investment platform in between the buy cost and the list price all right it’s their premium on doing both those 2 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 wish to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that once again so the current price 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 benefit from you whenever you do a buyer’s share so keep that in mind certainly it’s more pricey to buy than it is to offer so they’re going to give you less back with your sale and you state alright well why does that happen it simply 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 sell it and that is how they make a little bit of money on those spread out charges it’s typically extremely 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 little bit money now the last task is called an
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overnight cost now this is truly crucial if you’re actually using cfds yourself also an overnight fee is when you’re refraining from doing that buy offer deal in the exact same day alright there’s then an over night charge charged and even if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which indicates you’re actually buying the specific possession rather than utilizing leverage anyway you will not get hit with these charges but these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s state if you go into the aid section this isn’t the overnight costs info you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that just uses as i stated to cfds there are some service charges obviously depending upon what you are purchasing too this is on your own so keep that in mind however complete charges are entirely within their aid info alright and we discussed in addition to totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of actually utilizing these copy works they do not have any additional costs on top of the regular costs that
exist now what you need to remember though is these possibly handled by other people entirely or often have actually created portfolios you have actually got a genuine person doing the management you need to make sure you pick the individual that’s right for you similar to any type of work this is your monetary possessions so we absolutely require to make certain it’s the right individual for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a number of different alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real cash maybe this is an excellent option for you once again to check the theories fine you may wish to buy tesla or apple or this etf why not use the virtual alternative as a method to type of safe have fun with it clearly you might have lost out on gains and losses during that time of course if you had actually invested your real money it allows you to develop confidence understand the platform so that’s one alternative for you then next week and i’m going to go back 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 keep 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 danger profile is now what do i suggest by that obviously 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 just indicates am i all right with potentially losing a good amount of this investment or getting as
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well now remember whatever is downs and ups you will generate income you’ll lose money that’s why they make the fact 75 people will lose cash however that similarly indicates they’ll lose eventually in their journey clearly people do earn money too and i have actually got videos all about how you can ensure you are among individuals to really earn money but in this circumstance make certain you research your threat level would you be fine giving your money to someone else which is successfully what you’re doing and trusting them make certain you understand what they’re investing in fully if you’re somebody who isn’t wanting to be that dangerous don’t choose someone who’s totally into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products
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like gold or even oil plus more traditional etfs and index funds you might not desire 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 use this too really easily over here you can copy people now it will offer you a great deal of options and you can utilize the system to actually look for someone that you elegant really following so let’s see possibly we desire someone from unified kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can discover everyone who has actually met that criteria and it does offer you a danger element as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have quite high returns
remember 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 4 or minus 50 there’s no other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to verify are you fine with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she really investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine really that i purchase too which is good so in fact for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s likewise got a little bit more um of the type of main food companies and you have actually got you know pharmaceutical and production companies as that. Trading Bot Etoro.
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