We get this a lot on our site the answer to Conto Etoro….Concerns that i hear from brand-new financiers what if you’re brand new to investing you just don’t wish to decide what you actually want to invest and you want someone to do it for you there’s just a number of ways that that can occur the firstly you can work with an investment portfolio manager they’ll usually charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is of course you can buy 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 an overall please keep in mind this platform is rather innovative you can do cfds which obviously cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform do not simply presume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they give that option too so you in fact get used to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re buying real business if you pick to in this particular video we’re speaking about how to copy other individuals’s financial investments with your money so clearly your capital is at risk and we need to bear that in mind do not simply do something since that individual has actually stated they have actually made revenue 14 months in a row purchase these options due to the fact that you believe is the best ones for you and that being said 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 most likely.
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famous for it’s the alternative to see what other traders are doing extraordinary 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 actually state i want to do exactly what that trader is doing or match that exact portfolio of choices and essentially each time they make a trade they buy they offer whatever they do your money will be mimicked with it so that means if for example 10 of their financial investment portfolio remains 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 actually critical you comprehend what are the costs of this now with any platform there will be some cost to certainly 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 some of the no fee sites then might not charge you for in fact buying and selling funds or etfs private 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 kinds of fees 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 before you really start investing in copy trading or copy portfolios and finally some best advice finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s kick off with charges truly crucial to understand these now on there’s a couple of costs there isn’t charges to do with in fact buying and selling alright so commission fees are totally free nevertheless there are a couple of other costs the first one is withdrawal fees so you can certainly put money in now if you remain 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 later however when you wish to withdraw your cash so you sell your shares you sell your products 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 of course knowing that i’m going to make certain that i’m only withdrawing when i definitely require to now you might say fine that’s quite expensive 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 certainly are complimentary 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 when every 6 months you understand depends totally how you’re investing however that is a cost to keep in mind the second charge that i have actually touched upon is that conversion charge now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’s fine 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 and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and 2 open market anybody this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion charge exists what are they actually offering 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 rather you have to pay their costs now the terrific feature of however when you have actually transformed your cash you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s actually excellent utilizing that part of their website won’t definitely restrict you in any way nevertheless we have to be aware of 2 other fees the first being what’s called spread charges all right and i’m going to show you what i imply on now a spread cost as i’m going to show you
on is basically the distinction that becomes part of the investment platform in between the buy price and the list price fine 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 worth 599 per share in tesla that really indicates that when you wish to offer or purchase as you can see it’s not the price you’re seeing up here let me reveal you that again so the current price of tesla is the value of a share what’s called spread fees is the difference then actually to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind clearly it’s more pricey to buy than it is to offer so they’re going to give you less back with your sale and you say okay well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to offer it which is how they make a bit of cash on those spread fees it’s usually incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a little bit cash now the last task is called an
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over night fee now this is truly crucial if you’re really utilizing cfds yourself also an over night fee is when you’re refraining from doing that buy sell transaction in the very same day all right 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 in fact buying out the etf the stock the commodity and utilizing time one utilize which means you’re actually purchasing the exact property rather than utilizing utilize anyway you will not get hit with these charges but these charges are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you enter into the aid area this isn’t the over night charges details you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that just applies as i said to cfds there are some service charges obviously depending on what you are purchasing too this is on your own so keep that in mind however full costs are completely within their assistance details fine and we discussed as well as complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different ways of really using these copy functions they don’t have any extra costs on top of the normal charges that
exist now what you need to remember though is these possibly handled by other people entirely or in some cases have produced portfolios you’ve got a genuine individual doing the management you have to ensure you pick the person that’s right for you just like any profession this is your monetary properties 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 want to use this function we’ve got a number of various options 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 cash or a virtual platform virtual means 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 basically have this virtual portfolio mimic as if you are utilizing your own money but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money perhaps this is an excellent choice for you again to evaluate the theories alright you might wish to buy tesla or apple or this etf why not use the virtual option as a method to sort of safe have fun with it certainly you may have lost out on gains and losses during that time of course if you had actually invested your real cash it enables you to construct confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i indicate by that certainly 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 risk simply implies am i fine with possibly losing a good quantity of this financial investment or getting 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 statistic 75 people will lose money but that equally indicates they’ll lose eventually in their journey undoubtedly people do make money also and i’ve got videos everything about how you can make certain you’re one of the people to in fact earn money however in this situation make certain you research your risk level would you be fine providing your cash to someone else which is successfully what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re somebody who isn’t wanting to be that dangerous don’t choose somebody who’s completely into crypto or currency conversion consider it you ‘d probably want a foundation of strong products
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like gold or perhaps oil plus more traditional 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 state you can in fact use this too actually easily over here you can copy individuals now it will offer you a lot of options and you can utilize the system to really search for somebody that you expensive in fact following so let’s see maybe we desire someone from unified kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can discover everyone who has actually fulfilled that criteria and it does give you a danger aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no 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 okay with this and off you go now another method to actually 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 purchasing 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 excellent to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is great so actually for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s also got a little bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production business as that. Conto Etoro.
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