We get this a lot on our site the answer to Etoro Currency Traders….Questions that i speak with new investors what if you’re brand new to investing you merely do not wish to decide what you in fact want to invest and you want someone to do it for you there’s only a number of ways that that can occur the to start with you can hire a financial investment portfolio manager they’ll typically charge a quite a high premium to do that perhaps 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 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 as well now if you’re brand new to an overall please remember this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t just presume since i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that choice as well so you actually get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re buying genuine companies if you select to in this specific video we’re speaking about how to copy other individuals’s investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not simply do something because that person has said they have actually made profit 14 months in a row invest in these choices due to the fact that you believe is the best ones for you and that being said let’s dive straight 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 most likely.
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well-known for it’s the alternative to see what other traders are doing incredible we don’t typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can actually state i want to do exactly what that trader is doing or match that precise portfolio of choices and essentially every time they make a trade they purchase they offer whatever they do your money will be imitated with it so that implies if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges included truly important you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero charge sites then might not charge you for actually buying and selling funds or etfs specific 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 kinds of charges associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand before you actually start buying copy trading or copy portfolios and lastly some finest suggestions best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s start with charges truly important to comprehend these now on there’s a number of costs there isn’t fees to do with really buying and selling alright so commission charges are totally free nevertheless there are a couple of other charges the first one is withdrawal costs so you can clearly put cash 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 later however when you wish to withdraw your cash so you sell your shares you sell your products whatever you’re selling 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 make sure that i’m just withdrawing when i definitely require to now you may state alright that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are just one of those alternatives that they have a lot of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every 6 months you understand depends completely how you’re investing but that is a charge to keep in mind the 2nd fee that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s great 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 perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading 2 and 2 open market anyone at all this is standard they have actually i expect stuck with whatever cost they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion cost exists what are they in fact providing 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 state give me us dollars rather you need to pay their fees now the great aspect of though when you have actually converted your money you do not have to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that means the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s really great using that part of their site won’t certainly restrict you in any way however we have to understand 2 other fees the first being what’s called spread fees all right 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 difference that belongs to the financial investment platform between the buy price and the list price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really implies that when you wish to buy or sell as you can see it’s not the price you’re seeing up here let me reveal you that again so the current price of tesla is the worth of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of make money from you every time you do a buyer’s share so keep that in mind certainly it’s more pricey to buy than it is to offer so they’re going to provide you less back with your sale and you state okay well why does that occur 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 want to offer it and that is how they make a little bit of cash on those spread fees it’s typically exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit cash now the last feat is called an
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over night fee now this is truly essential if you’re actually using cfds yourself too an over night charge is when you’re refraining from doing that buy offer transaction in the very same day alright there’s then an overnight fee charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one leverage which indicates you’re really purchasing the precise possession instead of utilizing leverage anyway you will not get hit with these charges but these fees are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the assistance area this isn’t the over night charges info you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which just applies as i said to cfds there are some surcharges obviously depending upon what you are investing in too this is on your own so keep that in mind however complete costs are completely within their assistance info alright and we discussed along with 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 five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of really using these copy works they do not have any extra charges on top of the normal charges that
exist now what you require to keep in mind though is these potentially managed by other individuals entirely or in some cases have developed portfolios you have actually got a real person doing the management you have to make certain you pick the individual that’s right for you just like any line of work this is your financial possessions so we definitely need to make certain it’s the best 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’ve got a number of different choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are using your own cash but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine cash possibly this is a terrific choice for you again to test the theories okay you may wish to purchase tesla or apple or this etf why not use the virtual choice as a way to sort of safe have fun with it certainly you might have missed out on gains and losses during that time of course if you had actually invested your real money it enables you to develop self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my real 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 before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i suggest by that undoubtedly 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 risk just implies am i all right with possibly losing an excellent amount of this financial investment or gaining as
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well now keep in mind everything is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose cash but that equally suggests they’ll lose eventually in their journey obviously individuals do make money also and i’ve got videos everything about how you can ensure you’re one of individuals to in fact generate income but in this scenario ensure you research study your threat level would you be alright giving your money to another person which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in fully if you’re someone who isn’t wanting to be that dangerous do not pick someone who’s entirely into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities
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like gold or even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually utilize this too truly quickly over here you can copy people now it will give you a lot of options and you can utilize the system to really look for someone that you expensive really following so let’s see possibly we desire someone from joined kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has actually satisfied that requirements and it does offer you a risk aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have quite high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they could 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 confirm are you okay with this and off you go now another way to actually deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she actually 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 great to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is great so really for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the kind of primary food business and you have actually got you know pharmaceutical and production companies as that. Etoro Currency Traders.
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