On this post you’ll find the answer to Trading Etoro Forum….Concerns that i speak with brand-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 desire somebody to do it for you there’s just a couple of ways that that can happen the firstly you can employ a financial investment portfolio supervisor they’ll usually charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is naturally you can buy mutual funds particular funds are developed 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 remember this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform do not simply assume since i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that option as well so you in fact get used to the structure of the website 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 risk this is investing we’re doing you’re investing in real business if you select to in this particular video we’re talking about how to copy other individuals’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 since that person has actually stated they have actually made revenue 14 months in a row purchase these choices because you think is the best ones for you which being said let’s dive directly 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 aspect that is probably.
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well-known for it’s the option to see what other traders are doing extraordinary we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can actually state i want to do exactly what that trader is doing or match that precise portfolio of options and essentially every time they make a trade they buy they sell whatever they do your cash will be simulated with it so that indicates if for example 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 truly important you comprehend what are the costs of this now with any platform there will be some cost to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the zero cost sites then might not charge you for in fact buying and selling etfs or funds private commodities individual stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees 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 know prior to you in fact start investing in copy trading or copy portfolios and lastly some finest recommendations finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s begin with costs truly essential to understand these now on there’s a number of costs there isn’t charges to do with really buying and selling okay so commission charges are free nevertheless there are a couple of other costs the first one is withdrawal costs so you can obviously put money in now if you’re in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your cash 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 five dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m just withdrawing when i absolutely require to now you might say all right that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are just among those alternatives that they have a great deal of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every 6 months you understand depends totally 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 handling us dollars just there’s not a choice to buy in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading 2 and 2 free trade anybody this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you type of have to accept you know if you want to utilize their platform go from uk to us then that conversion fee exists 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 give me us dollars instead you need to pay their costs now the great aspect of though when you’ve transformed your cash you do not need to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that indicates the initial day that you buy or transform 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 great utilizing that part of their website won’t definitely limit you in any way nevertheless we have to understand 2 other charges the very first being what’s called spread fees alright and i’m going to show you what i mean on now a spread cost as i’m going to reveal you
on is generally the difference that becomes part of the financial investment platform between the buy price and the price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that actually suggests that when you wish to offer or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the current rate of tesla is the worth of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind obviously it’s more pricey to buy than it is to offer so they’re going to provide you less back with your sale and you say fine well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you want to sell it and that is how they make a little bit of cash on those spread out costs it’s typically extremely small 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 accomplishment is called an
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over night charge now this is actually essential if you’re in fact utilizing cfds yourself also an over night fee is when you’re refraining from doing that buy sell deal in the same day fine there’s then an over night fee 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 really buying out the etf the stock the commodity and using time one leverage which implies you’re really buying the precise property rather than using utilize anyhow 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 fees if you’re not buy offering in the very same day so let’s say if you enter into the assistance section this isn’t the over night fees details you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which only uses as i stated to cfds there are some additional charges of course depending on what you are investing in also this is on your own so keep that in mind however complete charges are entirely within their aid information all right and we talked about along with free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of really using these copy operates they do not have any extra costs on top of the regular costs that
exist now what you require to remember though is these possibly handled by other people entirely or sometimes have actually produced portfolios you have actually got a genuine individual doing the management you have to ensure you choose the person that’s right for you just like any kind of work this is your financial possessions so we definitely need to ensure it’s the ideal person for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a number of various choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun 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 essentially have this virtual portfolio mimic as if you are using 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 money maybe this is a fantastic option for you again to test the theories all right you might wish to buy tesla or apple or this etf why not use the virtual choice 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 actually invested your genuine cash it permits you to develop self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind before you choose somebody 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 mean by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just implies am i all right with possibly losing a good quantity of this financial investment or acquiring as
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well now remember everything is downs and ups you will earn money you’ll lose money that’s why they make the statistic 75 people will lose cash however that equally indicates they’ll lose at some time in their journey undoubtedly people do earn money also and i have actually got videos everything about how you can ensure you are among individuals to actually generate income but in this scenario make sure you research your risk level would you be alright providing your cash to somebody else which is successfully what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re someone who isn’t wishing to be that dangerous do not select somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong products
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like gold and even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can really use this too really easily over here you can copy individuals now it will offer you a great deal of options and you can use the system to actually search for someone that you elegant actually following so let’s see possibly we desire someone from united kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a great amount and i can discover everyone who has actually fulfilled that requirements and it does offer you a risk element as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have rather high returns
bear in mind it resembles 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 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 then you know ask you to validate are you okay with this and off you go now another method to actually 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 buying so let’s enter into portfolio and you can see she’s rather 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 sort of into those blue box and the tech market she’s got some of mine actually that i invest in too which is great so really 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 also got a little bit more um of the sort of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Trading Etoro Forum.