We get this a lot on our site the answer to Demo Account Etoro….Questions that i hear from brand-new financiers what if you’re brand new to investing you just don’t want to choose what you actually want to invest and you want somebody to do it for you there’s just a couple of ways that that can happen the first of all you can work with a financial investment portfolio manager they’ll generally 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 obviously you can buy 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 a total please bear in mind this platform is quite advanced you can do cfds which obviously 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 finding out about please do study the platform don’t just assume because i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they give that option too so you in fact get utilized to the structure of the website and after that when you’re ready to utilize your own money 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 real business if you choose to in this particular video we’re talking about how to copy other people’s investments with your cash so certainly your capital is at risk and we need to bear that in mind do not simply do something since that individual has said they’ve made revenue 14 months in a row purchase these choices because you think is the ideal ones for you and that being stated let’s dive directly in [Music] 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 aspect that is probably.
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well-known for it’s the alternative to see what other traders are doing amazing we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can really state i want to do exactly what that trader is doing or match that exact portfolio of alternatives and generally whenever 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 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 fees included really vital you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the zero charge sites then may not charge you for really buying and selling funds or etfs individual products individual stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to reveal you the fees 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 best suggestions best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s start with fees really crucial to understand these now on there’s a couple of fees there isn’t costs to do with really buying and selling all right so commission costs are totally free however there are a couple of other costs the first one is withdrawal fees so you can undoubtedly 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 but when you want to withdraw your money so you offer your shares you sell your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may say all right that’s quite 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 just among those choices that they have a great deal of platforms obviously are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you know depends entirely how you’re investing however that is a fee to keep in mind the 2nd cost that i’ve touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk and that’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading 2 and two free trade anyone at all this is basic they have actually i suppose stuck to whatever fee 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 charge is there what are they in fact giving 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 offer me us dollars instead you need to pay their costs now the excellent aspect of however when you’ve converted your cash you do not need 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 initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s really good using that part of their website won’t definitely limit you in any way however we need to know 2 other fees the very first being what’s called spread fees alright and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you
on is basically the distinction that becomes part of the investment platform between the buy cost and the list price okay 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 implies that when you want to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the existing cost of tesla is the value of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of make money from you every time you do a purchaser’s share so keep that in mind certainly it’s more pricey to purchase than it is to offer so they’re going to provide you less back with your sale and you say alright well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a bit of money on those spread out charges it’s normally extremely little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit cash now the last accomplishment is called an
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over night charge now this is truly crucial if you’re in fact using cfds yourself too an overnight cost is when you’re not doing that buy sell deal in the exact same day fine there’s then an over night cost charged and even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one utilize which indicates you’re in fact purchasing the precise possession rather than utilizing take advantage of anyway you will not get hit with these fees however these charges are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s state if you go into the help area this isn’t the over night costs information 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 only uses as i stated to cfds there are some surcharges naturally depending on what you are buying as well this is on your own so keep that in mind but complete fees are totally within their aid info all right and we talked about in addition to free 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 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of actually using these copy works they don’t have any additional charges on top of the normal fees that
exist now what you require to remember though is these potentially managed by other individuals totally or in some cases have created portfolios you have actually got a real individual doing the management you have to ensure you pick the individual that’s right for you similar to any line of work this is your monetary properties so we definitely require to make sure it’s the right 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’ve got a number of various options for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual means i think 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 generally have this virtual portfolio mimic as if you are using your own cash but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash possibly this is a terrific choice for you again to test the theories okay you might 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 may have lost out on gains and losses during that time naturally if you had actually invested your real money it allows you to develop self-confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear in mind prior to you choose someone 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 indicate by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of simply implies am i okay with potentially losing an excellent quantity of this investment or gaining 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 fact 75 individuals will lose cash but that equally implies they’ll lose eventually in their journey clearly people do earn money also and i have actually got videos all about how you can make sure you are among individuals to actually generate income however in this scenario make sure you research study your danger level would you be all right providing your money to another person which is efficiently what you’re doing and trusting them make sure you comprehend what they’re investing in completely if you’re somebody who isn’t wanting to be that dangerous don’t choose someone who’s entirely into crypto or currency conversion consider it you ‘d probably desire a backbone of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really use this too really quickly over here you can copy individuals now it will provide you a great deal of options and you can use the system to actually look for somebody that you fancy actually following so let’s see maybe we want somebody from joined kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can discover everyone who has actually fulfilled that requirements and it does provide 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 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 suggest 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 basic as clicking the copy button and off you go and after that you know ask you to validate are you all right with this and off you go now another way to actually deep dive if we click this person for instance 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 quite 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 purchase too which is good so really for me knowing what i like to buy my private 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 main food business and you have actually got you know pharmaceutical and production business as that. Demo Account Etoro.
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