We get htis a lot on our site the answer to Cancel Etoro Account….Questions that i speak with new financiers what if you’re brand new to investing you simply do not want to decide what you really wish to invest and you want someone to do it for you there’s only a number of ways that that can take place the first off you can work with a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is obviously you can purchase mutual funds particular funds are developed 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 bear in mind this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing
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with not in fact 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 use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that choice too so you actually get used to the structure of the site and then 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 buying genuine business if you select to in this particular video we’re talking about how to copy other people’s investments with your money so obviously your capital is at threat and we need to bear that in mind do not simply do something because that person has actually stated they have actually made earnings 14 months in a row invest in these options because you think 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 understanding 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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famous for it’s the option to see what other traders are doing unbelievable we don’t normally 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 cash we can actually state i want to do precisely what that trader is doing or match that exact portfolio of alternatives and generally each time they make a trade they purchase they offer whatever they do your money will be simulated with it so that indicates if for instance 10 of their 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 really crucial you comprehend 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 involved and even some of the zero cost websites then may not charge you for in fact buying and selling funds or etfs individual commodities individual stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type 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 know before you really start buying copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s begin with fees truly crucial to understand these now on there’s a couple of fees there isn’t fees to do with really buying and selling alright so commission fees are complimentary nevertheless there are a couple of other charges the very first one is withdrawal fees so you can obviously 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 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 5 dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you might state all right that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are simply among those alternatives that they have a great deal of platforms obviously are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every 6 months you know depends entirely how you’re investing however that is a charge to keep in mind the second fee that i have actually touched upon is that conversion charge now with you’re handling us dollars only there’s not an option to purchase in euros or uk and that’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 good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and 2 free trade anybody this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you type of have to accept you understand if you want to use their platform go from uk to us then that conversion fee is there what are they actually offering you in terms of 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 rather you have to pay their costs now the excellent thing about however when you have actually transformed your cash you do not need to invest it immediately that dollar worth 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 happens now with copy trading and copy portfolios there aren’t any extra costs so that’s truly great using that part of their site won’t certainly limit you in any way however we need to understand 2 other fees the first being what’s called spread fees alright and i’m going to show you what i indicate on now a spread charge as i’m going to reveal you
on is generally the difference that belongs to the investment platform in between the buy price and the sale price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that actually implies that when you wish to sell or buy 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 charges is the distinction then in fact to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to offer so they’re going to offer 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 sell it which is how they make a little bit of money on those spread out charges it’s usually incredibly small 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 money now the last accomplishment is called an
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overnight fee now this is really important if you’re in fact utilizing cfds yourself as well an overnight charge is when you’re not doing that buy offer deal in the same day fine there’s then an overnight cost charged or even if you go from the friday to the monday prior to cruising 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 utilize which indicates you’re really purchasing the exact property rather than utilizing take advantage of anyhow you won’t get hit with these costs but these fees 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 state if you go into the help area this isn’t the overnight fees info you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that just uses as i stated to cfds there are some surcharges obviously depending on what you are investing in too this is on your own so keep that in mind however full costs are completely within their aid info alright and we spoke about in addition to complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of actually using these copy operates they don’t have any additional costs on top of the regular costs that
are there now what you require to bear in mind though is these potentially handled by other people completely or often have developed portfolios you’ve got a genuine individual doing the management you need to make certain you choose the individual that’s right for you similar to any line of work this is your financial properties so we definitely need to make sure it’s the right individual for us before we copy them so the first things i would call it if you do want to use this function we’ve got a couple of different options 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 genuine money 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 require to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real money possibly this is a great option for you once again to test the theories fine you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to kind 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 enables you to construct confidence understand the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to keep in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i imply by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just implies am i alright with possibly losing an excellent amount of this financial investment or getting as
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well now remember everything is ups and downs you will generate income you’ll lose money that’s why they make the fact 75 people will lose cash but that similarly implies they’ll lose at some time in their journey undoubtedly individuals do generate income too and i’ve got videos all about how you can make certain you’re one of the people to in fact earn money however in this circumstance ensure you research your risk level would you be okay providing your cash to somebody else which is successfully 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 dangerous don’t choose someone who’s completely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products
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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 exact same with who you’re following now as i say you can in fact utilize this too truly easily over here you can copy people now it will provide you a lot of options and you can use the system to actually look for somebody that you expensive in fact following so let’s see possibly we desire someone from joined kingdom um who invests in let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can find everybody who has actually met that criteria and it does offer you a risk factor as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns
remember 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 could make four or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to verify are you okay with this and off you go now another way to actually 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 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 little bit so that’s great to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is good so in fact for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s also got a little bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Cancel Etoro Account.
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