We get this a lot on our site the answer to Copiare Trader Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely do not want to choose what you in fact want to invest and you desire somebody to do it for you there’s only a number of ways that that can occur the to start with you can hire an investment portfolio manager they’ll usually charge a quite a high premium to do that maybe one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds particular 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 as well now if you’re brand new to an overall please bear in mind this platform is rather advanced you can do cfds which naturally cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform do not just presume 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 choice also so you actually get used 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 obviously your capital is at threat this is investing we’re doing you’re buying real business if you select to in this particular video we’re talking about how to copy other individuals’s investments with your cash so clearly your capital is at threat and we have to bear that in mind do not just do something because that individual has actually said they’ve made profit 14 months in a row purchase these options because you believe is the ideal ones for you which being said let’s dive directly 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 most likely.
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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 lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can really say i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and essentially each time they make a trade they purchase they offer whatever they do your cash will be simulated with it so that suggests if for instance 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 also cover is the charges included truly vital you comprehend what are the expenses of this now with any platform there will be some expense to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the absolutely no cost websites then may not charge you for in fact buying and selling etfs or funds specific products private stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand prior to you in fact begin purchasing copy trading or copy portfolios and lastly some finest suggestions best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s kick off with costs really important to comprehend these now on there’s a number of fees there isn’t charges to do with in fact buying and selling fine so commission charges are free nevertheless there are a number of other fees the very first one is withdrawal charges so you can undoubtedly put cash 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 in the future but when you wish to withdraw your money so you sell your shares you offer 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 obviously knowing that i’m going to make sure that i’m just withdrawing when i definitely need to now you may state fine that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal fees are simply among those options that they have a lot of platforms certainly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every six months you understand depends completely how you’re investing however that is a cost to keep in mind the 2nd charge that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s fine that suits 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 excellent with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading two and two open market anybody this is standard they have actually i expect stuck to whatever charge 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 cost is there what are they actually giving you in regards to 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 give me us dollars instead you have to pay their costs now the excellent feature of though when you have actually transformed your money you do not have to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that implies the initial 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 fees so that’s truly excellent utilizing that part of their website won’t definitely limit you in any way however we have to know 2 other fees the first being what’s called spread fees fine 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 difference that is part of the financial investment platform between the buy cost 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 today tesla’s dollar value 599 per share in tesla that actually suggests that when you wish to offer or purchase 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 worth of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you state okay 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 wish to offer it and that is how they make a little bit of cash on those spread out charges it’s normally incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a bit cash now the last accomplishment is called an
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overnight fee now this is actually essential if you’re really utilizing cfds yourself too an overnight cost is when you’re not doing that buy sell transaction in the very same day fine there’s then an overnight charge charged or perhaps if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which means you’re really buying the exact asset instead of using leverage anyhow you won’t get hit with these costs but these charges are if you’re using leverage and cfds and after that you’re going to have these charges if you’re not buy offering in the very same day so let’s say if you go into the aid area this isn’t the over night charges info you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that just applies as i said to cfds there are some surcharges of course depending on what you are buying too this is on your own so keep that in mind but complete costs are entirely within their aid details okay and we spoke about along with totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything 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 actually using these copy operates 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 potentially managed by other people completely or in some cases have created portfolios you’ve got a real individual doing the management you need to ensure you choose the individual that’s right for you just like any line of work this is your financial possessions so we definitely require to make certain it’s the right person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of various alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your charge card details or anything you can basically have this virtual portfolio mimic as if you are using your own cash but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money maybe this is a great choice for you once again to evaluate the theories fine you might wish to buy tesla or apple or this etf why not use the virtual option as a method to kind of safe play with it obviously you may have missed out on gains and losses throughout that time obviously if you had actually invested your real money it allows you to develop self-confidence understand the platform so that’s one choice 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 people and copy portfolios now here’s something to remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i imply 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 risk just means am i alright with potentially losing a good amount of this investment or getting as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose cash but that similarly indicates they’ll lose eventually in their journey obviously individuals do generate income also and i have actually got videos all about how you can ensure you’re one of the people to in fact earn money however in this scenario make certain you research your threat level would you be fine offering your cash to somebody else which is successfully what you’re doing and trusting them make sure you understand what they’re buying fully if you’re someone who isn’t wanting to be that risky do not choose somebody who’s completely into crypto or currency conversion consider it you ‘d probably want a foundation of strong commodities
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like gold and even oil plus more conventional etfs and index funds you might not desire 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 individuals now it will give you a lot of choices and you can use the system to really search for somebody that you fancy really following so let’s see maybe we want somebody from unified kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds a good amount and i can discover everyone who has actually fulfilled that criteria and it does provide you a threat element also 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 individuals that have quite high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to verify are you all right with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she really investing in 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 excellent to know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine actually that i invest in too which is excellent so actually for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s also got a bit more um of the kind of primary food business and you have actually got you understand pharmaceutical and production business as that. Copiare Trader Etoro.
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