On this post you’ll find the answer to Who Is The Richest Etoro Trader….Questions that i hear from brand-new financiers what if you’re brand new to investing you merely do not want to decide what you actually want to invest and you want somebody to do it for you there’s just a couple of manner ins which that can occur the first of all you can hire an investment portfolio manager they’ll generally charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is of course you can buy mutual funds specific funds are developed 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 as well now if you’re brand new to a total please keep in mind this platform is rather advanced you can do cfds which of course cfds are methods 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 because i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they give that option too so you really get used to the structure of the website and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re investing in genuine companies if you pick to in this specific video we’re talking about how to copy other individuals’s financial investments with your cash so certainly your capital is at danger and we need to bear that in mind do not just do something because that person has actually said they’ve made earnings 14 months in a row invest in these choices since you think is the best ones for you and that being stated let’s dive directly in [Music] so 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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famous for it’s the alternative to see what other traders are doing extraordinary we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can in fact say i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and basically whenever they make a trade they purchase they sell whatever they do your money will be simulated with it so that means if for instance 10 of their financial 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 fees involved really critical you understand what are the costs of this now with any platform there will be some cost to obviously these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the zero cost sites then may not charge you for really buying and selling etfs or funds specific 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 kinds of costs 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 know before you actually start investing in copy trading or copy portfolios and lastly some finest suggestions best practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s start with costs actually important to understand these now on there’s a couple of costs there isn’t charges to do with really buying and selling all right so commission fees are totally free however there are a couple of other costs the very first one is withdrawal fees so you can clearly put cash in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your cash so you sell your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m just withdrawing when i definitely require to now you may say all right that’s quite expensive 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 simply among those options that they have a great deal of platforms clearly are totally 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 as soon as every 6 months you understand depends entirely how you’re investing but that is a charge to remember the 2nd charge that i have actually touched upon is that conversion charge now with you’re handling us dollars only there’s not a choice to buy in euros or uk and that’s fine 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 perhaps some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading two and two free trade anybody this is standard they have actually i suppose stuck with whatever fee they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion charge exists what are they actually providing 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 give me us dollars rather you need to pay their charges now the fantastic feature of however when you’ve transformed your money you do not have 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 initial 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 fees so that’s really good using that part of their website won’t certainly limit you in any way however we need to be aware of two other fees the first being what’s called spread fees okay and i’m going to show you what i suggest on now a spread charge as i’m going to show you
on is essentially the distinction that belongs to the financial investment platform between the buy price and the price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that in fact means that when you want to offer or purchase as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current cost of tesla is the value of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money from you every time you do a buyer’s share so keep that in mind certainly it’s more costly to buy than it is to sell so they’re going to provide you less back with your sale and you state fine 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 want to offer it which is how they make a bit of money on those spread out fees it’s typically exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit cash now the last accomplishment is called an
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overnight fee now this is actually important if you’re in fact using cfds yourself also an overnight fee is when you’re not doing that buy offer transaction in the very same day all right there’s then an overnight cost charged or even if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one utilize which indicates you’re really purchasing the specific property instead of utilizing take advantage of anyhow you will not get hit with these costs however these costs are if you’re using leverage and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s say if you go into the aid section this isn’t the over night charges information you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only uses as i said to cfds there are some additional charges obviously depending upon what you are buying also this is on your own so keep that in mind however full fees are completely within their help details alright and we discussed in addition to complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two various ways of really using these copy operates they do not have any additional costs on top of the normal fees that
are there now what you need to bear in mind though is these potentially managed by other people totally or sometimes have actually produced portfolios you have actually got a genuine individual doing the management you need to make certain you select the individual that’s right for you much like any kind of work this is your monetary assets so we definitely need to make sure it’s the best individual 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 couple of various options 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 money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine money maybe this is a great alternative for you once again to check the theories fine you might want to buy tesla or apple or this etf why not use the virtual option as a method to kind of safe play with it obviously you might have lost out on gains and losses during that time of course if you had actually invested your genuine cash it permits you to build confidence understand the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i suggest by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of just indicates am i okay with possibly losing a good amount of this financial 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 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’ve got videos everything about how you can make certain you’re one of the people to actually generate income however in this circumstance make certain you research study your risk level would you be alright offering your money to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in totally if you’re somebody who isn’t wishing to be that dangerous don’t choose somebody who’s completely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong products
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like gold or even oil plus more conventional 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 utilize this too truly easily over here you can copy individuals now it will give you a lot of choices and you can use the system to in fact look for someone that you elegant actually following so let’s see possibly we desire somebody from united kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds an excellent amount and i can find everybody who has satisfied that requirements and it does offer you a threat aspect also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have rather high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no 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 verify are you fine with this and off you go now another method to really deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she in fact buying 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 understand ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is good so actually for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s also got a bit more um of the type of primary food business and you have actually got you understand pharmaceutical and production business as that. Who Is The Richest Etoro Trader.