On this post you’ll find the answer to Tron Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply do not want to choose what you really want to invest and you desire someone to do it for you there’s only a number of ways that that can happen the first off you can hire an investment portfolio manager they’ll usually charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular funds are created 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 as well now if you’re brand new to a total please remember this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning about please do study the platform do not simply presume since i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they give that option also so you actually get used to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in real business if you choose to in this specific video we’re discussing how to copy other people’s investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not simply do something because that individual has actually said they’ve made earnings 14 months in a row invest in these options due to the fact that you believe is the best 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 element that is most likely.
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famous for it’s the option to see what other traders are doing amazing 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 suggests with our cash we can really say i wish to do exactly what that trader is doing or match that specific portfolio of choices and essentially each time they make a trade they buy they sell whatever they do your cash will be simulated with it so that implies if for example 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 truly critical you comprehend what are the costs of this now with any platform there will be some expense to obviously 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 some of the no cost websites then may not charge you for really buying and selling funds or etfs private commodities individual stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand before you in fact begin investing in copy trading or copy portfolios and lastly some finest suggestions finest practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s start with charges actually important to understand these now on there’s a couple of charges there isn’t fees to do with actually buying and selling all right so commission costs are totally free however there are a couple of other fees the first one is withdrawal costs so you can obviously put cash 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 but when you wish to withdraw your money 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 five dollars per withdrawal so for me obviously knowing that i’m going to make certain that i’m just withdrawing when i definitely need to now you might say okay that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are simply one of those options that they have a lot of platforms obviously are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every six months you know depends entirely how you’re investing but that is a charge to keep in mind the second charge that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading two and 2 open market anyone at all this is standard they have actually i expect stuck with whatever fee they charge for that conversion rate you sort of need to accept you understand if you want to use their platform go from uk to us then that conversion charge exists what are they actually offering you in terms of 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 provide me us dollars rather you need to pay their fees now the great feature of though when you’ve converted your cash you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s really excellent using that part of their site will not definitely restrict you in any way nevertheless we need to be aware of two other fees the first being what’s called spread fees okay and i’m going to reveal you what i imply on now a spread cost as i’m going to reveal you
on is generally the difference that is part of the investment platform in between the buy cost 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 website today tesla’s dollar value 599 per share in tesla that really suggests that when you want to sell 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 present price of tesla is the worth of a share what’s called spread costs is the distinction then in fact to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind certainly it’s more expensive 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 occur it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to sell it which is how they make a bit of money on those spread out costs it’s typically incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit money now the last accomplishment is called an
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overnight cost now this is truly essential if you’re actually using cfds yourself too an over night cost is when you’re refraining from doing that buy sell transaction in the very same day okay there’s then an overnight fee charged or perhaps if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which means you’re really buying the specific property rather than using leverage anyway you won’t get hit with these fees however these fees are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you enter into the help area this isn’t the overnight costs details you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that just uses as i stated to cfds there are some added fees of course depending on what you are purchasing as well this is on your own so keep that in mind however full charges are completely within their help info all right and we talked about 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 regular commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of actually utilizing these copy operates they do not have any extra costs on top of the regular costs that
are there now what you require to keep in mind though is these potentially handled by other people completely or sometimes have produced portfolios you’ve got a genuine person doing the management you need to ensure you pick the person that’s right for you just like any profession this is your financial assets so we absolutely need to make sure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple of different options for us first off 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 methods i think 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 essentially have this virtual portfolio simulate as if you are using your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money maybe this is an excellent choice for you again to test the theories fine you may want to purchase tesla or apple or this etf why not utilize the virtual choice as a way to type of safe play with it clearly you might have lost out on gains and losses during that time of course if you had actually invested your genuine money it enables you to develop confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really 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 risk profile is now what do i mean by that obviously 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 risk just implies am i all right with possibly losing a good amount of this investment or getting as
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well now keep in mind whatever is downs and ups you will generate income you’ll lose cash that’s why they make the statistic 75 people will lose cash but that equally implies they’ll lose at some time in their journey clearly individuals do generate income too and i have actually got videos all about how you can ensure you’re one of the people to really generate income but in this circumstance make sure you research study your danger level would you be all right giving your cash to someone else which is successfully what you’re doing and trusting them ensure you comprehend what they’re buying completely if you’re somebody who isn’t wanting to be that risky do not pick somebody who’s entirely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products
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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 exact same with who you’re following now as i say you can really use this too actually easily over here you can copy people now it will offer you a great deal of choices and you can utilize the system to actually search for somebody that you elegant actually following so let’s see possibly we desire someone from unified kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a great quantity and i can discover everyone who has satisfied that criteria and it does offer you a risk aspect 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 number of people that have quite high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no 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 all right with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she in fact purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is good so actually for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s likewise got a bit more um of the kind of primary food business and you’ve got you understand pharmaceutical and production business as that. Tron Etoro.
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