Find the answer to Etoro ◊Õ◊™◊Ï◊Ë◊™….Concerns that i speak with new financiers what if you’re brand new to investing you merely don’t wish to choose what you in fact want to invest and you want somebody to do it for you there’s only a couple of manner ins which that can take place the first of all you can work with an investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can purchase mutual funds particular funds are produced 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 too now if you’re brand new to a total please keep in mind this platform is rather innovative you can do cfds which obviously 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 do not just presume due to the fact that i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they give that alternative also so you really get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re investing in genuine business if you select to in this particular video we’re speaking about how to copy other individuals’s investments with your cash so clearly your capital is at danger and we have to bear that in mind do not just do something since that person has stated they’ve made profit 14 months in a row invest in these options because you think is the best ones for you and that being stated let’s dive directly in [Music] so the important 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 option to see what other traders are doing extraordinary we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can in fact state i wish to do exactly what that trader is doing or match that specific portfolio of choices and basically every time they make a trade they buy they offer whatever they do your cash will be simulated with it so that indicates 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 actually important you understand what are the costs of this now with any platform there will be some cost to obviously these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the no cost sites then might not charge you for actually buying and selling funds or etfs private products individual stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees 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 prior to you really begin investing in copy trading or copy portfolios and finally some finest advice finest practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s begin with fees really essential to comprehend these now on there’s a couple of fees there isn’t fees to do with really buying and selling alright so commission costs are totally free nevertheless there are a number of other costs the first one is withdrawal fees so you can undoubtedly put money in now if you’re 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 on but when you want to withdraw your cash 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 naturally understanding that i’m going to make certain that i’m just withdrawing when i definitely need to now you may say alright that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are simply among those options that they have a lot of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every 6 months you understand depends entirely how you’re investing however that is a fee to keep in mind the second charge that i have actually touched upon is that conversion cost now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’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 cost now when you utilize anyone so if you’re utilizing trading two and 2 open market anybody this is basic they have actually i suppose stuck with whatever charge they charge for that conversion rate you sort of have to accept you know if you want to use their platform go from uk to us then that conversion fee exists what are they actually giving 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 provide me us dollars rather you need to pay their costs now the great feature of though when you’ve converted your cash you do not have 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 initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s actually good utilizing that part of their site won’t definitely restrict you in any way however we need to be aware of 2 other costs the very first being what’s called spread charges fine and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you
on is basically the difference that becomes part of the financial investment platform in between the buy price and the list 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 today tesla’s dollar value 599 per share in tesla that actually means that when you wish to sell or purchase as you can see it’s not the price you’re seeing up here let me reveal you that again so the current cost 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 discover this all over this is another way that they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind certainly it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you say alright well why does that occur 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 which is how they make a bit of cash on those spread out costs it’s normally 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 in fact utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy sell transaction in the same day alright there’s then an overnight charge charged and even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one take advantage of which implies you’re in fact buying the precise asset rather than utilizing leverage anyway you won’t get hit with these costs but these fees are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy selling in the exact same day so let’s say if you go into the assistance area this isn’t the overnight 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 just applies as i said to cfds there are some surcharges obviously depending upon what you are purchasing also this is on your own so keep that in mind however complete charges are entirely within their assistance info alright and we talked about as well as 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 said copy trading and copy portfolios are two different methods of actually using these copy works they don’t have any extra costs on top of the normal charges that
are there now what you need to keep in mind though is these possibly managed by other people totally or sometimes have created portfolios you’ve got a genuine person doing the management you need to ensure you pick the person that’s right for you similar to any type of work this is your monetary possessions so we definitely require to make sure it’s the best person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of various 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 option to invest genuine cash or a virtual platform virtual means 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 require to put in your credit card information or anything you can basically have this virtual portfolio mimic 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 comfortable with utilizing your genuine cash maybe this is a terrific choice for you once again to check the theories okay you may wish to buy tesla or apple or this etf why not use the virtual alternative as a way to type of safe play with it undoubtedly you may have missed out on gains and losses throughout that time of course if you had actually invested your real cash it allows you to build confidence understand the platform so that’s one option for you then next week and i’m going to go back to my genuine 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 prior to you choose someone 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 indicate 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 risk just implies am i okay with potentially losing a great amount of this financial 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 money that’s why they make the fact 75 individuals will lose money but that equally means they’ll lose at some time in their journey undoubtedly people do earn money as well and i have actually got videos everything about how you can make certain you’re one of individuals to really make money but in this situation make sure you research study your risk level would you be okay providing your money to somebody else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re purchasing totally if you’re somebody who isn’t wanting to be that dangerous do not select somebody who’s completely into crypto or currency conversion think about it you ‘d probably desire a backbone 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 very same with who you’re following now as i say you can in fact utilize this too really easily over here you can copy people now it will give you a lot of options and you can utilize the system to actually search for someone that you expensive actually following so let’s see possibly we want someone from unified kingdom um who buys let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everyone who has fulfilled 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 number of people that have rather 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 chance 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 validate are you okay with this and off you go now another way to actually deep dive if we click on 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 little bit so that’s good to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is good so actually for me knowing what i like to invest in 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 chooses she’s also got a little bit more um of the kind of primary food companies and you’ve got you know pharmaceutical and production companies as that. Etoro ◊Õ◊™◊Ï◊Ë◊™.
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