We get htis a lot on our site the answer to Etoro Cryptofound….Concerns that i hear from brand-new investors what if you’re brand new to investing you just do not wish to decide what you actually want to invest and you desire someone to do it for you there’s just a couple of ways that that can happen the first off you can hire an investment portfolio manager they’ll generally charge a quite a high premium to do that maybe one or two percent of your earnings will go to them the other thing is of course you can buy mutual funds particular funds are created 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 as well now if you’re brand new to an overall please remember 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 learning about please do study the platform don’t just assume due to the fact that i utilize it that you can utilize 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 after that when you’re ready to utilize 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 buying genuine business if you pick 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 since that person has actually said they have actually made earnings 14 months in a row invest in these choices since you think is the best 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 alternative to see what other traders are doing unbelievable we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can really state i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and generally whenever they make a trade they purchase they offer whatever they do your cash will be simulated with it so that indicates 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 costs involved truly vital you comprehend what are the costs of this now with any platform there will be some cost to clearly 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 absolutely no cost websites then may not charge you for really buying and selling etfs or funds specific commodities specific stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering 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 costs with in particular in this video the next would be things to know before you in fact start investing in copy trading or copy portfolios and finally some best advice finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s kick off with charges truly crucial to comprehend these now on there’s a number of charges there isn’t costs to do with really buying and selling all right so commission charges are free however there are a couple of other charges the very first one is withdrawal fees so you can certainly put cash in now if you remain in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you offer 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 five dollars per withdrawal so for me naturally understanding that i’m going to ensure that i’m just withdrawing when i definitely need to now you may say alright that’s rather costly and i get that however 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 alternatives that they have a great deal of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you know depends totally how you’re investing but that is a fee to keep in mind the second cost that i have actually touched upon is that conversion charge now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s great that fits 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 excellent 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 open market anyone at all this is basic they have actually i suppose stuck to whatever cost they charge for that conversion rate you type of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost is there what are they actually 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 offer me us dollars rather you have to pay their fees now the excellent feature of though when you’ve transformed your money you do not need to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s actually great using that part of their site won’t definitely limit you in any way nevertheless we have to know 2 other costs the first being what’s called spread costs all right and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is essentially the difference that belongs to the financial investment platform between the buy rate and the price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that really means that when you want to buy or offer as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the existing rate of tesla is the value of a share what’s called spread fees is the difference then actually to buy that share on the platform and you’ll discover this all over this is another way that they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind obviously it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you say alright well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to offer it and that is how they make a little bit of money on those spread out fees 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 little bit money now the last feat is called an
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over night charge now this is truly crucial if you’re in fact using cfds yourself also an over night cost is when you’re refraining from doing that buy sell deal in the very same day all right there’s then an over night fee charged and even if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one leverage which implies you’re really buying the exact possession rather than using leverage anyway you will not get hit with these fees but these costs are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s say if you enter into the assistance section this isn’t the over night fees details you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which just uses as i said to cfds there are some added fees obviously depending on what you are buying too this is on your own so keep that in mind but full fees are totally within their help details all right and we discussed 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 said copy trading and copy portfolios are 2 various ways of actually utilizing these copy works they don’t have any extra fees on top of the regular costs that
exist now what you need to keep in mind though is these possibly handled by other people totally or in some cases have actually created portfolios you’ve got a genuine person doing the management you have to make certain you pick the person that’s right for you just like any line of work this is your financial assets so we absolutely require to ensure it’s the best person for us before we copy them so the first things i would call it if you do wish to use 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 money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need 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 but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real cash possibly this is a fantastic alternative for you again to test the theories all right you may wish to purchase tesla or apple or this etf why not use the virtual option as a method to type of safe play with it certainly you may have missed out on gains and losses during that time naturally if you had invested your genuine cash it permits you to build confidence comprehend 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 really how to copy people and copy portfolios now here’s something to keep in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat 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 all right with potentially losing a good quantity of this investment or getting as
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well now keep in mind everything is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 people will lose cash however that equally means they’ll lose eventually in their journey clearly individuals do make money also and i’ve got videos all about how you can ensure you’re one of the people to in fact earn money however in this situation make certain you research your risk level would you be alright giving your cash to another person which is successfully what you’re doing and trusting them make sure you comprehend what they’re investing in fully if you’re somebody who isn’t wishing to be that risky don’t select somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold or even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really utilize this too really quickly over here you can copy people now it will give you a great deal of options and you can utilize the system to actually look for somebody that you fancy really following so let’s see maybe we want somebody from united kingdom um who buys let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a good amount and i can find everyone who has met that criteria and it does provide you a danger factor as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of individuals that have quite high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to verify are you fine with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she in fact purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got a few of mine really that i invest in too which is good so in fact for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s also got a bit more um of the kind of primary food companies and you’ve got you understand pharmaceutical and production business as that. Etoro Cryptofound.
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