We get htis a lot on our site the answer to Coinstats Etoro….Concerns that i speak with brand-new financiers what if you’re brand new to investing you simply do not want to choose what you actually wish to invest and you desire somebody to do it for you there’s only a number of ways that that can happen the firstly you can hire a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds particular funds are produced 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 too now if you’re brand new to a total please keep in mind this platform is quite advanced you can do cfds which obviously cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re learning about please do study the platform don’t simply assume because i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that alternative too so you actually get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re purchasing genuine companies if you pick to in this particular video we’re speaking about how to copy other people’s financial investments with your money so certainly your capital is at danger and we need to bear that in mind do not just do something since that person has said they have actually made earnings 14 months in a row buy these choices because you think is the right ones for you and that being stated let’s dive directly in [Music] so 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 element that is probably.
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well-known for it’s the option to see what other traders are doing amazing we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can in fact say i wish to do exactly what that trader is doing or match that exact portfolio of options and generally each time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that means 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 charges included really crucial you understand what are the expenses of this now with any platform there will be some cost to obviously these are genuine companies 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 sites then might not charge you for actually buying and selling etfs or funds individual commodities individual stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know prior to you really begin buying copy trading or copy portfolios and lastly some best advice finest practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s kick off with costs really crucial to comprehend these now on there’s a couple of costs there isn’t fees to do with really buying and selling all right so commission costs are free however there are a couple of other fees the 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 immediately 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 quantity 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 ensure that i’m just withdrawing when i definitely need to now you might say okay that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are simply one of those alternatives that they have a lot of platforms certainly are complimentary 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 when every 6 months you understand depends completely how you’re investing but that is a fee to bear in mind the 2nd fee that i have actually discussed is that conversion fee now with you’re dealing in 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 lot of my stocks are us dollar stocks anyway 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 charge now when you utilize anybody so if you’re utilizing trading two and 2 open market anyone at all this is basic they have actually i expect stuck to whatever fee they charge for that conversion rate you kind of have to accept you know if you want to utilize their platform go from uk to us then that conversion charge is there what are they really giving you in terms of 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 say provide me us dollars rather you need to pay their fees now the great feature of though when you have actually converted your money you do not have to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s truly great utilizing that part of their website will not definitely restrict you in any way nevertheless we need to be aware of two other charges the very first being what’s called spread costs all right and i’m going to show you what i mean on now a spread charge as i’m going to reveal you
on is basically the distinction that is part of the investment platform in between the buy rate and the list price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that really means that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the current price of tesla is the worth of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of benefit from you each time you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase 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 occur it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you wish to sell it and that is how they make a bit of cash on those spread out charges it’s generally extremely 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 little bit cash now the last accomplishment is called an
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over night cost now this is actually important if you’re really utilizing cfds yourself too an over night charge is when you’re refraining from doing that buy offer 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 fee now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one utilize which suggests you’re really purchasing the exact asset rather than utilizing utilize anyway 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 fees if you’re not buy selling in the same day so let’s state if you enter into the aid area this isn’t the overnight fees information you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which only uses as i said to cfds there are some additional charges obviously depending on what you are investing in also this is on your own so keep that in mind however complete charges are totally within their aid info fine and we talked about along with complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal cost 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 functions they don’t have any additional fees on top of the typical costs that
exist now what you need to bear in mind though is these possibly managed by other people entirely or sometimes have produced portfolios you have actually got a real person doing the management you need to ensure you choose the individual that’s right for you just like any profession this is your financial assets so we absolutely need to ensure 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 number of various choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require 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 but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine money maybe this is an excellent option for you once again to evaluate the theories all right you may want to purchase tesla or apple or this etf why not use the virtual option as a way to kind of safe play with it clearly you may have lost out on gains and losses during that time naturally if you had actually invested your real money it allows you to build self-confidence comprehend 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 in fact how to copy individuals and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i mean 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 risk just indicates am i fine with potentially losing a great amount of this investment or acquiring as
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well now keep in mind everything is ups and downs you will earn money you’ll lose money that’s why they make the fact 75 people will lose cash but that similarly means they’ll lose at some point in their journey certainly people do generate income also and i have actually got videos all about how you can make certain you are among individuals to in fact earn money but in this circumstance make certain you research your danger level would you be okay giving your cash to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re purchasing fully if you’re somebody who isn’t wanting to be that dangerous do not choose somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold or even oil plus more traditional 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 state you can really utilize this too actually quickly over here you can copy people now it will provide you a lot of choices and you can use the system to really search for someone that you expensive really following so let’s see perhaps we desire somebody from unified kingdom um who purchases 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 everyone who has fulfilled that requirements and it does offer you a danger element also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of people 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 other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to confirm are you all right with this and off you go now another way to really deep dive if we click this person for example 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 little bit so that’s great to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got some of mine actually that i buy too which is good so really for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s also got a bit more um of the sort of primary food business and you’ve got you understand pharmaceutical and production business as that. Coinstats Etoro.
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