We get this a lot on our site the answer to Etoro Bronze Badge….Concerns that i hear from new investors what if you’re brand new to investing you merely do not wish to choose what you in fact want to invest and you want someone to do it for you there’s just a number of ways that that can happen the firstly you can work with an investment portfolio manager they’ll typically charge a rather a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is obviously you can purchase mutual funds particular 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 a total please bear in mind this platform is quite sophisticated you can do cfds which naturally cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform do not just assume since i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they give that alternative too so you in fact get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re purchasing genuine business if you choose to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so obviously your capital is at threat and we need to bear that in mind do not simply do something since that person has said they have actually made revenue 14 months in a row invest in these choices because you believe is the ideal ones for you and that being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is most likely.
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popular for it’s the alternative to see what other traders are doing amazing we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can really state i wish to do exactly what that trader is doing or match that exact portfolio of choices and generally whenever they make a trade they buy they sell whatever they do your money will be simulated with it so that means 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 fees involved really critical you comprehend what are the expenses of this now with any platform there will be some expense to certainly these are genuine 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 charge sites then may not charge you for in fact buying and selling funds or etfs individual products individual stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to show you the fees 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 guidance finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s kick off with costs really essential to comprehend these now on there’s a couple of charges there isn’t fees to do with really buying and selling okay so commission fees are free however there are a number of other charges the first one is withdrawal costs 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 however when you want to withdraw your cash so you offer 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 five dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i definitely require to now you might state alright that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are simply one of 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 largely it can be maybe even once a year once every six months you know depends entirely how you’re investing but that is a charge to remember the second charge that i have actually touched upon is that conversion cost now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s fine that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading two and 2 free trade anyone at all this is standard they have i expect stuck to whatever charge they charge for that conversion rate you sort of have to accept you know if you wish to utilize their platform go from uk to us then that conversion fee exists what are they really giving 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 provide me us dollars rather you have to pay their costs now the great thing about though when you’ve converted your cash you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you buy 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 good utilizing that part of their site won’t definitely restrict you in any way nevertheless we have to understand two other fees the first being what’s called spread costs fine and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you
on is essentially the difference that belongs to the financial investment platform in between the buy cost and the sale price all right 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 in fact means that when you wish to purchase or sell as you can see it’s not the price you’re seeing up here let me show you that again so the current price of tesla is the worth of a share what’s called spread costs is the difference then really to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of profit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to offer so they’re going to give you less back with your sale and you state fine 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 sell it which is how they make a bit of money on those spread charges it’s normally extremely small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit cash now the last task is called an
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overnight fee now this is truly essential if you’re really utilizing cfds yourself too an over night cost is when you’re refraining from doing that buy sell transaction in the same day okay there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to 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 means you’re actually purchasing the exact possession instead of utilizing utilize anyhow you will not get hit with these charges however these fees are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy offering in the same day so let’s say if you go into the aid area this isn’t the over night 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 over night or you’re doing over weekends which only uses as i said to cfds there are some service charges obviously depending on what you are investing in as well this is on your own so keep that in mind but complete fees are totally within their aid details all right and we spoke about along with free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal 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 two various methods of in fact using these copy works they don’t have any additional fees on top of the regular fees that
are there now what you need to remember though is these possibly handled by other people totally or often have developed portfolios you’ve got a real individual doing the management you have to make sure you select the individual that’s right for you much like any profession this is your monetary possessions so we definitely require to make sure it’s the ideal 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’ve got a number of different choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine cash perhaps this is a great option for you again to test the theories alright you may wish to purchase tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe have fun with it obviously you may have missed out on gains and losses throughout that time naturally if you had actually invested your real money it allows you to develop confidence comprehend 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 in fact how to copy people and copy portfolios now here’s something to remember prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger 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 run the risk of simply implies am i fine with possibly 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 make money you’ll lose cash that’s why they make the statistic 75 individuals will lose cash however that similarly indicates they’ll lose eventually in their journey certainly individuals do make money also and i’ve got videos everything about how you can make certain you’re one of individuals to really earn money but in this situation make certain you research study your risk level would you be alright giving your money to somebody else which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re somebody who isn’t wanting to be that dangerous do not pick someone who’s totally into crypto or currency conversion consider it you ‘d most likely want a foundation of strong products
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like gold or perhaps 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 state you can really utilize this too truly quickly over here you can copy individuals now it will offer you a great deal of options and you can use the system to actually look for someone that you expensive in fact following so let’s see possibly we desire somebody from unified kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds a good quantity and i can discover everyone who has actually satisfied that requirements and it does provide you a risk element 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 variety of individuals that have rather high returns
bear in mind it resembles anything to do with the news or forecasts 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 ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to validate are you all right with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she really purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine actually that i invest in too which is good so actually for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s also got a bit more um of the sort of main food companies and you’ve got you understand pharmaceutical and production companies as that. Etoro Bronze Badge.
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