We get this a lot on our site the answer to Day Traders On Etoro Reddit….Questions that i speak with new investors what if you’re brand new to investing you simply don’t want to decide what you in fact want to invest and you want someone to do it for you there’s just a couple of manner ins which that can occur the to start with you can work with an investment portfolio manager they’ll generally charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific funds are produced 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 keep in mind this platform is quite sophisticated you can do cfds which of course cfds are ways of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform do not just assume due to the fact that i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that option also so you actually get utilized to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re purchasing genuine business if you choose to in this specific video we’re speaking about how to copy other people’s investments with your money so certainly your capital is at risk and we need to bear that in mind do not just do something because that individual has actually stated they’ve made profit 14 months in a row invest in these choices due to the fact that you believe is the ideal ones for you which being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is most likely.
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well-known for it’s the choice to see what other traders are doing incredible we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our money we can actually state i wish to do exactly what that trader is doing or match that specific portfolio of options and generally whenever they make a trade they purchase they sell whatever they do your money will be mimicked with it so that suggests if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs included really vital you understand what are the costs of this now with any platform there will be some expense to clearly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero charge 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 charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand prior to you really begin purchasing copy trading or copy portfolios and lastly some best guidance finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s start with charges truly essential to understand these now on there’s a couple of costs there isn’t charges to do with really buying and selling all right so commission charges are totally free nevertheless there are a number of other fees the first one is withdrawal fees so you can clearly put cash in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your cash so you offer 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 make certain that i’m only withdrawing when i absolutely require to now you might say okay that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are just among those alternatives that they have a lot of platforms clearly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every 6 months you know depends entirely how you’re investing however that is a cost to bear in mind the second charge that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not a choice to purchase in euros or uk and that’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading two and two open market anybody this is basic they have actually i expect stuck to whatever fee they charge for that conversion rate you sort of need to accept you understand if you want to utilize their platform go from uk to us then that conversion cost exists what are they really 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 say offer me us dollars instead you need to pay their fees now the fantastic aspect of however when you have actually transformed your money you do not need to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s truly good using that part of their website will not certainly restrict you in any way nevertheless we need to understand two other charges the very first being what’s called spread fees alright and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you
on is essentially the difference that becomes part of the investment platform in between the buy cost and the price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that really means that when you wish to purchase or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the existing price of tesla is the value of a share what’s called spread costs is the distinction then in fact to purchase 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 every time you do a buyer’s share so keep that in mind obviously it’s more costly to purchase than it is to sell so they’re going to provide you less back with your sale and you state alright well why does that happen 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 offer it which is how they make a bit of money on those spread fees it’s usually incredibly little 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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overnight charge now this is truly essential if you’re actually using cfds yourself as well an overnight cost is when you’re refraining from doing that buy offer transaction in the exact same day all right there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing 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 take advantage of which indicates you’re really buying the specific possession instead of using utilize anyhow you will not get hit with these fees however these fees are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s state if you go into the assistance 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 fees then for when you’re doing overnight or you’re doing over weekends which only applies as i stated to cfds there are some added fees naturally depending on what you are buying as well this is on your own so keep that in mind but full charges are totally within their assistance information all right and we spoke about as well as totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of really utilizing these copy operates they do not have any additional costs on top of the normal charges that
exist now what you require to keep in mind though is these possibly managed by other people entirely or sometimes have produced portfolios you have actually got a genuine person doing the management you have to make certain you choose the person that’s right for you similar to any profession this is your monetary properties so we absolutely require to make sure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a number of various choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money 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 information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own money but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is a fantastic option for you again to check the theories okay you may want to buy tesla or apple or this etf why not use the virtual option as a method to type of safe play with it obviously you might have lost out on gains and losses throughout that time of course if you had actually invested your real cash it permits you to build confidence understand the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to bear in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat 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 run the risk of just suggests am i all right with potentially losing a great quantity of this investment or acquiring as
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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the figure 75 people will lose cash however that similarly means they’ll lose eventually in their journey undoubtedly people do generate income as well and i have actually got videos all about how you can make sure you are among individuals to really make money but in this scenario make sure you research study your risk level would you be all right giving your money to somebody else which is effectively what you’re doing and trusting them make sure you comprehend what they’re purchasing completely if you’re somebody who isn’t wishing to be that risky don’t select someone who’s completely into crypto or currency conversion think of it you ‘d most likely want a backbone of strong products
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like gold and even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually use this too really quickly over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to actually search for somebody that you expensive really following so let’s see maybe we want somebody from unified kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has met that requirements and it does provide you a risk element too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns
remember it resembles anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they could make 4 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 confirm are you alright 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 really purchasing so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is great so really for me understanding what i like to purchase my private 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 kind of main food business and you have actually got you understand pharmaceutical and production business as that. Day Traders On Etoro Reddit.
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