Find the answer to Etoro Financial Services….Questions that i hear from new financiers what if you’re brand new to investing you just don’t wish to choose what you in fact wish to invest and you desire somebody to do it for you there’s just a number of ways that that can occur the firstly you can hire a financial investment portfolio manager they’ll usually charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are developed 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 bear in mind this platform is quite advanced you can do cfds which obviously 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 just assume 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 cash they consider that option as well so you in fact get utilized 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 naturally 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 people’s investments with your money so clearly your capital is at danger and we have to bear that in mind do not just do something because that person has actually stated they have actually made profit 14 months in a row invest in these choices since you think is the ideal ones for you which being stated 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 choice to see what other traders are doing unbelievable we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our cash we can really say i wish to do precisely what that trader is doing or match that precise portfolio of options and basically each time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that implies if for instance 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 costs involved truly crucial you understand what are the costs of this now with any platform there will be some expense to clearly 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 websites then might not charge you for actually buying and selling etfs or funds private 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 charges associated so do your due diligence and i’m going to show you the fees 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 finally some best suggestions finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s begin with costs actually essential to comprehend these now on there’s a number of charges there isn’t charges to do with really buying and selling fine so commission costs are totally free however there are a couple of other charges the first one is withdrawal fees so you can certainly put cash 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 but when you want to withdraw your money 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 naturally understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you might state alright that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are simply one of those options that they have a great deal of platforms certainly 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 six months you understand depends completely how you’re investing but that is a fee to remember the second charge that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not an option to buy in euros or uk which’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading 2 and 2 free trade anyone at all this is basic they have actually i expect stuck with whatever cost 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 giving you in regards to 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 instead you have to pay their fees now the terrific feature of though when you’ve transformed your money you do not have to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that means the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s actually great using that part of their website will not certainly limit you in any way nevertheless we need to be aware of 2 other costs the first being what’s called spread charges all right and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is essentially the distinction that belongs to the financial investment platform in 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 website today tesla’s dollar worth 599 per share in tesla that in fact indicates that when you wish to sell or buy as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present cost of tesla is the worth of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of profit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to sell 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 distinction between if you’re buying it then you want to offer it and that is how they make a bit of cash on those spread costs it’s normally exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a little bit cash now the last feat is called an
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overnight cost now this is really crucial if you’re really using cfds yourself as well an overnight cost is when you’re refraining from doing that buy offer deal in the same day all right there’s then an over night cost charged and even if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which implies you’re actually buying the exact asset rather than utilizing leverage anyhow you won’t get hit with these fees but these costs 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 very same day so let’s say if you go into the aid section this isn’t the over night 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 over night or you’re doing over weekends and that just uses as i stated to cfds there are some additional charges naturally depending on what you are investing in also this is on your own so keep that in mind however full costs are totally within their help details alright and we talked about in addition to totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of actually utilizing these copy operates they don’t have any extra fees on top of the normal charges that
exist now what you need to remember though is these possibly handled by other people totally or in some cases have developed portfolios you’ve got a genuine individual doing the management you have to make sure you select the person that’s right for you much like any type of work this is your financial assets so we definitely require to make sure it’s the best person for us before we copy them so the first things i would call it if you do want to use this function we have actually got a couple of different choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option 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 will not require to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money maybe this is a terrific choice for you once again to check the theories alright you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe have fun with it obviously you might have lost out on gains and losses throughout that time naturally if you had actually invested your real money it allows you to construct self-confidence understand 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 pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i mean by that clearly 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 just means am i okay with possibly losing an excellent quantity of this investment or acquiring as
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well now remember whatever is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose cash but that equally means they’ll lose at some time in their journey clearly individuals do make money as well and i have actually got videos everything about how you can ensure you are among the people to really earn money however in this circumstance ensure you research study your risk level would you be fine offering your money to another person which is successfully what you’re doing and trusting them make sure you understand what they’re investing in completely if you’re someone who isn’t wishing to be that dangerous don’t choose someone who’s totally 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 exact same with who you’re following now as i say you can actually utilize this too truly easily over here you can copy people now it will offer you a great deal of options and you can utilize the system to in fact search for somebody that you expensive really following so let’s see perhaps we desire someone from unified kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds a great amount and i can discover everyone who has actually met that requirements and it does give you a danger element also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to validate are you okay with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can in fact 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 understand ibm paypal yep she’s absolutely like type 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 really for me understanding what i like to invest in my individual 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 also got a bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production business as that. Etoro Financial Services.
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