Find the answer to Reddit Easy Money Etoro….Concerns that i hear from new investors what if you’re brand new to investing you just don’t want to decide what you actually want to invest and you want somebody to do it for you there’s only a couple of ways that that can occur the to start with you can employ a financial investment portfolio supervisor they’ll normally charge a quite 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 created 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 also now if you’re brand new to a total please keep in mind this platform is quite innovative you can do cfds which obviously cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just presume due to the fact that i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that choice also so you in fact get used to the structure of the site and then when you’re ready to utilize 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 buying real companies if you pick to in this specific video we’re talking about how to copy other people’s financial investments with your cash so clearly your capital is at threat and we have to bear that in mind do not just do something since that individual has said they have actually made earnings 14 months in a row buy these choices due to the fact that you think is the ideal ones for you and that being stated let’s dive straight in [Music] so the 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 aspect that is probably.
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popular for it’s the option to see what other traders are doing unbelievable we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can really say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and generally every time they make a trade they buy they sell whatever they do your money will be simulated with it so that implies if for example 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 likewise cover is the costs involved really critical you understand what are the costs of this now with any platform there will be some cost to clearly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the absolutely no fee sites then may not charge you for in fact buying and selling funds or etfs private commodities specific stocks.
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there’ll be charges 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 charges with in particular in this video the next would be things to understand prior to you in fact begin investing in copy trading or copy portfolios and lastly some best suggestions finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s kick off with charges actually essential to comprehend these now on there’s a couple of charges there isn’t fees to do with in fact buying and selling alright so commission fees are totally free however there are a number of other charges the very first one is withdrawal costs so you can clearly put money in now if you’re in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your money so you sell your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to make sure that i’m just withdrawing when i absolutely require to now you might say fine that’s rather 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 costs are simply one of those alternatives that they have a lot of platforms undoubtedly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every six months you know depends entirely how you’re investing however that is a charge to bear in mind the second charge that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not a choice to purchase in euros or uk which’s great that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading two and two free trade anybody this is basic they have actually i expect stuck to whatever cost they charge for that conversion rate you type of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost 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 bargain with them you can’t go to the bank and state give me us dollars instead you need to pay their costs now the fantastic feature of however when you have actually transformed your money you do not need to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary 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 costs so that’s actually good utilizing that part of their site will not definitely restrict you in any way however we have to know two other fees the very first being what’s called spread charges all right and i’m going to show you what i indicate on now a spread charge as i’m going to show you
on is basically the distinction that belongs to the investment platform between the buy cost and the price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that in fact suggests that when you want to buy or offer as you can see it’s not the cost you’re seeing up here let me reveal you that again so the present rate of tesla is the value of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind certainly it’s more expensive to buy than it is to offer so they’re going to offer you less back with your sale and you say all right well why does that occur it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to sell it which is how they make a little bit of cash on those spread fees it’s typically exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a bit money now the last task is called an
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over night charge now this is really essential if you’re in fact using cfds yourself also an over night cost is when you’re refraining from doing that buy sell deal in the very same day all right 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 in fact buying out the etf the stock the product and utilizing time one leverage which implies you’re in fact purchasing the exact property instead of using utilize anyhow you won’t get hit with these fees however these costs are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you go into the help area this isn’t the overnight charges 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 and that only uses as i stated to cfds there are some added fees of course depending on what you are buying too this is on your own so keep that in mind but complete charges are completely within their aid information all right and we spoke about as well as free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of in fact using these copy works they do not have any extra costs on top of the normal fees that
are there now what you require to remember though is these possibly managed by other individuals entirely or in some cases have created portfolios you have actually got a real individual doing the management you need to make sure you pick the individual that’s right for you similar to any line of work this is your financial possessions so we absolutely require to make sure it’s the best individual 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 number of different options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative 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 will not need to put in your credit card information or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own cash however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is a fantastic option for you again to evaluate the theories fine you may wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to type of safe play with it clearly you might have missed out on gains and losses throughout that time naturally if you had invested your real cash it permits you to build confidence understand the platform so that’s one alternative for you then next week and i’m going to return 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 before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i imply by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of just suggests am i okay with possibly losing an excellent quantity of this investment or acquiring as
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well now remember everything is downs and ups you will generate income you’ll lose money that’s why they make the fact 75 people will lose cash however that similarly indicates they’ll lose at some point in their journey clearly people do generate income as well and i’ve got videos all about how you can make sure you’re one of the people to actually make money however in this scenario make certain you research study your risk level would you be all right offering your cash to somebody else which is effectively what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re someone who isn’t wanting to be that risky don’t select someone who’s totally into crypto or currency conversion think about it you ‘d probably want a foundation of strong products
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like gold or even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact utilize this too truly quickly over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to in fact search for someone that you elegant in fact following so let’s see perhaps we desire somebody from united kingdom um who buys let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has actually fulfilled that requirements and it does give you a threat 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 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 someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to verify are you fine 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 really 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 excellent to know ibm paypal yep she’s definitely like type 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 really for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s also got a little bit more um of the type of primary food business and you’ve got you know pharmaceutical and production business as that. Reddit Easy Money Etoro.
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