Find the answer to Etoro Novio 28….Questions that i hear from new investors what if you’re brand new to investing you just don’t wish to decide what you in fact want to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can occur the firstly you can employ a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are produced 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 also now if you’re brand new to an overall please keep in mind this platform is rather advanced you can do cfds which naturally cfds are methods 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 simply presume because i use 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 consider that choice also so you really get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re purchasing real business if you choose to in this specific video we’re talking about how to copy other people’s financial investments with your cash so obviously your capital is at threat and we need to bear that in mind do not simply do something because that individual has actually said they have actually made revenue 14 months in a row invest in these options due to the fact that you believe is the ideal ones for you which being said let’s dive straight 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 alternative to see what other traders are doing incredible we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can actually state i want to do exactly what that trader is doing or match that precise 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 suggests 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 charges involved really important you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the no fee websites then may not charge you for actually buying and selling etfs or funds specific commodities individual stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs 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 understand prior to you in fact start purchasing copy trading or copy portfolios and finally some best guidance finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s start with costs truly crucial to understand these now on there’s a couple of charges there isn’t fees to do with in fact buying and selling fine so commission costs are free nevertheless there are a number of other fees the first one is withdrawal fees so you can certainly 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 in the future but when you wish to withdraw your cash so you offer 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 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m only withdrawing when i definitely require to now you might say okay that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge fees someplace 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 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every 6 months you understand depends entirely how you’re investing but that is a fee to keep in mind the 2nd fee that i have actually discussed is that conversion fee now with you’re handling us dollars only there’s not an alternative to buy in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading two and two open market anyone at all this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion fee is there what are they actually providing 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 offer me us dollars instead you have to pay their charges now the excellent thing about however when you have actually transformed your cash you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s truly excellent using that part of their website won’t definitely restrict you in any way however we have to know 2 other charges the first being what’s called spread charges okay 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 belongs to the investment platform between the buy rate and the sale price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that in fact suggests that when you want to sell or purchase as you can see it’s not the cost you’re seeing up here let me show you that again so the present cost of tesla is the value of a share what’s called spread costs is the distinction then really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you say fine well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to sell it and that is how they make a little bit of money on those spread costs it’s typically exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a little bit cash now the last task is called an
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overnight cost now this is really crucial if you’re really utilizing cfds yourself also an overnight charge is when you’re not doing that buy sell transaction in the very same day okay there’s then an over night fee charged or even if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which suggests you’re in fact buying the precise possession instead of utilizing leverage anyhow you will not get hit with these fees but these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these fees if you’re not buy offering in the same day so let’s say if you go into the help section this isn’t the overnight charges info you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only applies as i said to cfds there are some service charges obviously depending on what you are buying also this is on your own so keep that in mind but full costs are entirely within their aid information fine and we discussed as well as complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two different ways of really using these copy works they don’t have any extra costs on top of the normal fees that
are there now what you need to keep in mind though is these possibly managed by other people entirely or often have actually produced portfolios you have actually got a real individual doing the management you have to ensure you choose the person that’s right for you similar to any type of work this is your monetary assets 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 use this function we have actually got a couple of various options for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun 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 simulate as if you are using your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money maybe this is a great alternative for you once again to test the theories all right you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe have fun with it clearly you might have lost out on gains and losses during that time obviously if you had invested your genuine money it permits you to develop self-confidence understand the platform so that’s one option 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 people and copy portfolios now here’s something to remember prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand 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 run the risk of simply implies am i all right with possibly losing an excellent amount of this investment or gaining as
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well now remember whatever is downs and ups you will earn money 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 certainly individuals do earn money as well and i have actually got videos all about how you can make certain you are among individuals to really make money but in this situation make sure you research study your threat level would you be fine offering your cash to another person which is effectively what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re someone who isn’t wanting to be that risky do not pick someone who’s entirely 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 very same with who you’re following now as i say you can really use this too truly quickly over here you can copy people now it will give you a great deal of choices and you can utilize the system to really search for somebody that you elegant actually following so let’s see maybe we want someone from joined kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a great amount and i can find everybody who has met that requirements and it does give you a risk element also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you alright with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she actually buying 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 understand ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is excellent so actually for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s likewise got a bit more um of the sort of primary food business and you’ve got you know pharmaceutical and production business as that. Etoro Novio 28.
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