We get this a lot on our site the answer to Etoro Can Not Copy Trader….Questions that i speak with new investors what if you’re brand new to investing you merely don’t wish to choose what you really wish to invest and you want somebody to do it for you there’s only a couple of manner ins which that can occur the to start with you can employ an investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is naturally you can purchase mutual funds particular funds are produced once 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 too 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 really having the full amount of capital so with anything that you’re discovering please do study the platform do not simply assume since i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that alternative also so you actually get used to the structure of the website and after that when you’re ready to use your own money 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 real companies if you pick to in this particular video we’re speaking about how to copy other people’s investments with your cash so obviously your capital is at threat and we need to bear that in mind do not just do something since that person has stated they have actually made profit 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] 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 element that is probably.
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well-known for it’s the option to see what other traders are doing amazing we don’t usually 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 actually say i want to do exactly what that trader is doing or match that exact portfolio of options and essentially whenever they make a trade they purchase they sell whatever they do your money will be simulated with it so that means if for example 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 involved actually critical you comprehend what are the expenses of this now with any platform there will be some expense to certainly 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 no cost websites then might not charge you for actually buying and selling etfs or funds individual commodities private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees 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 before you in fact begin buying copy trading or copy portfolios and finally some best recommendations best practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s kick off with charges truly crucial to comprehend these now on there’s a number of fees there isn’t costs to do with really buying and selling alright so commission fees are free however there are a number of other fees the very first one is withdrawal fees so you can undoubtedly put money in now if you remain in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future however when you wish to withdraw your cash so you sell your shares you offer your products whatever you’re offering 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 understanding that i’m going to ensure that i’m only withdrawing when i definitely require to now you might say all right that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are just among those choices that they have a great deal of platforms obviously are 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 6 months you understand depends entirely how you’re investing but that is a charge to bear in mind the second charge that i’ve touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading two and 2 open market anyone at all this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you kind of need to accept you understand if you want to utilize their platform go from uk to us then that conversion cost 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 rather you need to pay their fees now the excellent thing about however when you’ve transformed your money you do not have to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s truly great using that part of their website will not definitely restrict you in any way nevertheless we need to understand two other charges the very first being what’s called spread fees okay and i’m going to reveal you what i indicate on now a spread cost as i’m going to show you
on is essentially the distinction that becomes part of the financial investment platform between the buy cost and the sale price okay 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 value 599 per share in tesla that in fact indicates that when you wish to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that again so the existing price of tesla is the worth of a share what’s called spread fees is the difference then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of profit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you state alright 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 wish to sell it which is how they make a little bit of money on those spread costs it’s typically incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a little bit cash now the last accomplishment is called an
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overnight fee now this is really essential if you’re in fact using cfds yourself as well an over night charge is when you’re not doing that buy offer deal in the very same day all right there’s then an overnight charge charged and even 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 commodity and utilizing time one utilize which indicates you’re really buying the exact property rather than utilizing leverage anyhow you won’t get hit with these costs but these fees are if you’re utilizing leverage and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s state if you enter into the help area this isn’t the overnight fees details you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that only uses as i said to cfds there are some additional charges obviously depending upon what you are investing in as well this is on your own so keep that in mind but complete charges are completely within their assistance info fine and we discussed in addition to complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of actually utilizing these copy functions they do not have any additional charges on top of the typical charges that
are there now what you need to keep in mind though is these potentially handled by other people entirely or sometimes have actually produced portfolios you’ve got a genuine individual doing the management you need to make sure you pick the individual that’s right for you just like any kind of work this is your monetary assets so we definitely require to make certain 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 utilize this function we have actually got a number of various options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual means 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 using your own money however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash perhaps this is a great alternative for you again to test the theories alright you might want to purchase tesla or apple or this etf why not utilize the virtual option as a way to kind of safe play with it undoubtedly you may have missed out on gains and losses throughout that time obviously if you had invested your genuine cash it allows you to develop confidence understand the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i suggest by that clearly 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 just means am i okay with potentially losing a good amount of this investment or gaining as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose cash that’s why they make the fact 75 individuals will lose money however that equally implies they’ll lose at some point in their journey clearly individuals do generate income too and i have actually got videos everything about how you can make sure you’re one of the people to really make money however in this scenario make certain you research your threat level would you be alright providing your cash to another person which is successfully what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re someone who isn’t wishing to be that dangerous don’t choose somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong products
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like gold and even oil plus more traditional 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 really use this too truly easily over here you can copy individuals now it will give you a great deal of options and you can use the system to actually look for somebody that you expensive actually following so let’s see perhaps we desire somebody from united kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has fulfilled that criteria and it does give you a danger element too so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns
remember 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 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 verify are you okay with this and off you go now another way to in fact deep dive if we click 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 bit so that’s excellent to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine actually that i invest in too which is good so actually for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s likewise got a bit more um of the type of main food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Can Not Copy Trader.
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