Find the answer to Dave And Steve Etoro….Concerns that i hear from brand-new investors what if you’re brand new to investing you merely don’t wish to choose what you actually wish to invest and you want somebody to do it for you there’s just a number of ways that that can happen the firstly you can work with a financial investment portfolio supervisor they’ll generally charge a quite a high premium to do that perhaps one or two percent of your earnings 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 an overall please keep in mind this platform is rather advanced you can do cfds which obviously cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just presume because i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they give that option as well so you really get used to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re investing in genuine companies if you select to in this particular video we’re speaking about how to copy other individuals’s financial investments with your money so clearly your capital is at risk and we need to bear that in mind do not just do something since that individual has actually said they have actually made profit 14 months in a row purchase these options since you think is the right ones for you which being said let’s dive straight 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 becomes 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 don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can actually say i want to do precisely what that trader is doing or match that precise portfolio of options and essentially each time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that means if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges included really important you understand what are the costs of this now with any platform there will be some expense to obviously these are real companies that are investing they’re doing the purchasing 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 in fact buying and selling funds or etfs private commodities individual stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort 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 actually start buying copy trading or copy portfolios and lastly some best advice finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s start with fees really crucial to understand these now on there’s a couple of fees there isn’t charges to do with actually buying and selling alright so commission fees are free nevertheless there are a couple of other charges the first one is withdrawal costs so you can undoubtedly 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 however when you want to withdraw your cash so you offer your shares you sell 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 understanding that i’m going to ensure that i’m only withdrawing when i definitely require to now you might say fine that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are just one of those options that they have a lot of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every six months you understand depends totally how you’re investing however that is a charge to keep in mind the second charge that i’ve discussed is that conversion charge now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s great that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading two and two open market anybody this is basic they have i suppose stuck with whatever fee 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 really 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 say give me us dollars instead you have to pay their charges now the terrific aspect of however when you have actually converted your cash you do not need to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies 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 extra charges so that’s actually great utilizing that part of their site won’t definitely restrict you in any way however we have to understand 2 other costs the first being what’s called spread costs alright and i’m going to show you what i imply on now a spread cost as i’m going to show you
on is basically the difference that belongs to the investment platform in between the buy cost and the list price fine 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 value 599 per share in tesla that in fact implies that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me show you that again so the current rate of tesla is the value of a share what’s called spread charges is the distinction then in fact to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of profit from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to offer so they’re going to provide you less back with your sale and you state fine well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to offer it which is how they make a little bit of money on those spread charges it’s usually exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a bit cash now the last feat is called an
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over night charge now this is really crucial if you’re actually utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy sell transaction in the very same day okay there’s then an over night fee charged or perhaps if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which implies you’re actually purchasing the precise property rather than utilizing utilize anyway you will not get hit with these fees but these charges are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy offering in the exact same day so let’s say if you go into the assistance area this isn’t the overnight fees info you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which just uses as i said to cfds there are some additional charges obviously depending on what you are buying too this is on your own so keep that in mind however complete charges are entirely within their aid info all right and we talked about as well as totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product 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 2 different methods of in fact utilizing these copy functions they do not have any extra costs on top of the typical charges that
are there now what you require to remember though is these potentially managed by other individuals completely or often have actually developed portfolios you have actually got a genuine individual doing the management you have to make certain you choose the person that’s right for you just like any type of work this is your monetary assets so we absolutely require to ensure it’s the ideal person 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 number of various alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your credit card details or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash maybe this is a fantastic choice for you once again to evaluate the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe play with it certainly you might have missed out on gains and losses throughout that time naturally if you had invested your genuine money it permits you to build self-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 actually how to copy people and copy portfolios now here’s something to remember prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i imply 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 run the risk of simply implies am i fine with potentially losing a great quantity of this financial investment or getting as
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well now remember whatever is downs and ups you will make money you’ll lose cash 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 generate income too and i have actually got videos all about how you can make certain you’re one of the people to actually make money but in this scenario make certain you research your risk level would you be fine providing your cash to someone else which is efficiently what you’re doing and trusting them ensure you understand what they’re investing in totally if you’re somebody who isn’t wishing to be that dangerous do not pick somebody who’s completely into crypto or currency conversion think of it you ‘d probably want a backbone of strong commodities
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like gold and even oil plus more standard 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 say you can really use this too actually quickly over here you can copy people now it will give you a lot of choices and you can utilize the system to in fact look for someone that you expensive really following so let’s see possibly we desire somebody from unified kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has met that requirements and it does give you a threat factor as well so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to verify are you all right 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 actually deep dive into what is she in fact buying so let’s enter 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 know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine actually that i purchase too which is excellent so in fact for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s likewise got a bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production companies as that. Dave And Steve Etoro.
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