Find the answer to Nova Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply do not wish to choose what you in fact wish to invest and you desire someone to do it for you there’s just a number of ways that that can take place the first off you can hire a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that maybe one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are developed once 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 too now if you’re brand new to an overall please keep in mind this platform is quite innovative you can do cfds which naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t simply assume because i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that option too so you really get utilized to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re discussing how to copy other individuals’s investments with your cash so obviously your capital is at risk and we need to bear that in mind do not just do something since that individual has actually stated they have actually made earnings 14 months in a row buy these choices since you think is the ideal ones for you and that being stated let’s dive straight in [Music] The things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it’s part of social trading which is one element that is probably.
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well-known for it’s the option to see what other traders are doing incredible we don’t usually get that insight from a lot 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 exact portfolio of options and generally every time they make a trade they purchase they sell whatever they do your cash will be mimicked 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 cash in so we’re going to also cover is the costs involved really important you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no cost sites then might not charge you for actually buying and selling funds or etfs individual products 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 sort 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 know before you in fact start investing in copy trading or copy portfolios and lastly some finest recommendations best practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s kick off with costs actually crucial to comprehend these now on there’s a couple of fees there isn’t fees to do with really buying and selling all right so commission fees are complimentary however there are a couple of other charges the first one is withdrawal charges 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 instantly converted into us dollars and i’ll cover a little point about that in the future however when you wish to withdraw your money so you sell your shares you offer your commodities 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 naturally understanding that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may say alright that’s quite 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 costs are simply one of those choices that they have a lot of platforms clearly 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 once every 6 months you understand depends totally how you’re investing but that is a fee to remember the 2nd cost that i’ve touched upon is that conversion fee 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 lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading 2 and two open market anyone at all this is standard they have i suppose stuck with whatever cost they charge for that conversion rate you type of need to accept you know if you wish to utilize their platform go from uk to us then that conversion fee exists what are they really providing you in regards to 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 state offer me us dollars instead you have to pay their charges now the terrific thing about though when you’ve converted your money you do not need to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s actually excellent utilizing that part of their site will not certainly limit you in any way nevertheless we need to understand 2 other charges the very first being what’s called spread fees okay and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you
on is basically the distinction that becomes part of the financial investment platform between the buy price and the list price okay it’s their premium on doing both those two 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 wish to purchase or offer as you can see it’s not the price 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 in fact to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of make money from you each time you do a buyer’s share so keep that in mind certainly it’s more pricey to buy than it is to offer so they’re going to offer you less back with your sale and you state alright well why does that occur it just 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 wish to sell it which is how they make a bit of cash on those spread out fees it’s usually exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit money now the last task is called an
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overnight cost now this is actually important if you’re actually utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy offer transaction in the same day alright there’s then an overnight cost charged and even if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which indicates you’re actually buying the precise possession rather than using take advantage of anyway you won’t get hit with these costs but these costs 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 selling in the very same day so let’s state if you enter into the assistance area this isn’t the overnight fees details you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which just uses as i said to cfds there are some service charges naturally depending upon what you are buying too this is on your own so keep that in mind but complete charges are completely within their aid details fine and we talked about in addition to complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two various ways of actually utilizing these copy works they don’t have any additional costs on top of the normal costs that
exist now what you need to bear in mind though is these potentially managed by other individuals completely or sometimes have developed portfolios you’ve got a genuine person doing the management you have to make sure you pick the individual that’s right for you much like any type of work this is your financial properties so we absolutely require to ensure 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 various alternatives for us firstly 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 means i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your credit card details or anything you can essentially have this virtual portfolio simulate as if you are using your own money however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash maybe this is a terrific option for you once again to evaluate the theories fine 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 clearly you may have lost out on gains and losses during that time obviously if you had invested your genuine cash it permits you to develop self-confidence comprehend the platform so that’s one alternative 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 remember prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i suggest by that obviously 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 quantity of this financial investment or getting as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose money however that equally implies they’ll lose eventually in their journey obviously people do make money too and i’ve got videos everything about how you can make sure you’re one of the people to really generate income but in this scenario make certain you research study your risk level would you be fine providing your money to another person which is effectively what you’re doing and trusting them make certain you comprehend what they’re purchasing totally if you’re someone who isn’t wanting to be that risky do not select somebody who’s completely into crypto or currency conversion consider it you ‘d probably desire a foundation of strong commodities
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like gold or 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 state you can in fact utilize this too truly quickly over here you can copy people now it will provide you a lot of choices and you can use the system to actually look for somebody that you expensive really following so let’s see possibly we desire somebody from united kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has fulfilled that criteria and it does give you a risk element as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of individuals that have quite high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as basic 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 way to in fact deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she actually buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little 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 actually that i buy too which is great so really for me knowing what i like to purchase 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 prefers she’s likewise got a little bit more um of the type of primary food business and you’ve got you know pharmaceutical and production companies as that. Nova Etoro.
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