We get this a lot on our site the answer to Etoro Etf Sparplan….Concerns that i speak with brand-new financiers what if you’re brand new to investing you just do not want to choose what you really want to invest and you desire somebody to do it for you there’s only a number of manner ins which that can happen the firstly you can employ an investment portfolio manager they’ll generally 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 naturally you can buy mutual funds particular funds are created once 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 too now if you’re brand new to an overall please bear in mind this platform is rather innovative you can do cfds which naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t simply assume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that option too so you in fact get used to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re discussing how to copy other individuals’s investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not simply do something since that individual has actually stated they have actually made profit 14 months in a row invest in these options since you believe is the best ones for you which being stated let’s dive straight 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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popular for it’s the choice to see what other traders are doing amazing we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our cash we can actually say i want to do precisely what that trader is doing or match that precise portfolio of alternatives and generally whenever 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 financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs involved really critical you understand what are the expenses 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 included and even a few of the zero cost websites then might not charge you for really buying and selling funds or etfs private commodities specific stocks.
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there’ll be fees on other parts possibly 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 costs with in particular in this video the next would be things to know before you actually start purchasing copy trading or copy portfolios and lastly some best guidance best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s kick off with charges truly crucial to comprehend these now on there’s a number of costs there isn’t charges to do with in fact buying and selling okay so commission costs are free nevertheless there are a couple of other fees the very first one is withdrawal charges so you can certainly put money in now if you’re 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 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 of course knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you might say alright that’s rather 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 charges are just one of those options that they have a lot of platforms clearly 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 as soon as every 6 months you know depends completely how you’re investing but that is a fee to remember the second cost that i’ve discussed is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk which’s great that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading two and 2 free trade anybody this is standard they have actually i expect stuck with whatever fee they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion fee is there what are they in fact offering 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 provide me us dollars instead you have to pay their fees now the excellent thing about though when you’ve transformed your cash you do not need to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the initial 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 additional costs so that’s really great using that part of their site won’t definitely restrict you in any way however we need to know 2 other charges the first being what’s called spread fees fine and i’m going to show you what i indicate on now a spread cost as i’m going to show you
on is basically the difference that becomes part of the financial investment platform between the buy price 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 website today tesla’s dollar value 599 per share in tesla that really indicates that when you want to offer or buy 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 value of a share what’s called spread charges is the difference then in fact to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of profit from you each time you do a purchaser’s share so keep that in mind certainly it’s more expensive to purchase than it is to sell so they’re going to give you less back with your sale and you say all right well why does that happen it just does that is the nature of a great deal of platforms out there there’s a distinction 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 normally incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a bit money now the last task is called an
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overnight fee now this is truly essential if you’re really using cfds yourself also an overnight cost is when you’re not doing that buy sell transaction in the same day all right there’s then an overnight fee charged or even if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one leverage which implies you’re really buying the exact property rather than using take advantage of anyway you will not get hit with these charges however 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 selling in the same day so let’s state if you enter into the assistance area this isn’t the overnight charges information 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 overnight or you’re doing over weekends which just applies as i said to cfds there are some service charges obviously depending upon what you are buying also this is on your own so keep that in mind but full fees are entirely within their help details fine and we discussed as well as totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of actually using these copy functions they don’t have any extra charges on top of the normal fees that
are there now what you need to remember though is these possibly handled by other individuals totally or in some cases have produced portfolios you have actually got a real individual doing the management you need to ensure you choose the person that’s right for you similar to any type of work this is your financial properties so we absolutely need to make sure it’s the ideal person for us before 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 various options for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are using your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money possibly this is an excellent alternative for you once again to test the theories fine you might wish to purchase tesla or apple or this etf why not use the virtual option as a method to sort of safe play with it clearly you might have missed out on gains and losses throughout that time of course if you had invested your genuine money it enables you to construct confidence comprehend the platform so that’s one option for you then next week and i’m going to return 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 remember prior to you choose someone 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 imply 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 indicates am i all right with potentially losing a good quantity of this investment or getting as
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well now remember whatever is ups and downs you will earn money you’ll lose cash that’s why they make the statistic 75 people will lose cash however that equally suggests they’ll lose at some time in their journey certainly individuals do make money also and i have actually got videos all about how you can make sure you’re one of the people to in fact earn money however in this situation ensure you research study your risk level would you be okay giving your cash to another person which is efficiently what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re somebody who isn’t wishing to be that dangerous don’t pick somebody who’s totally into crypto or currency conversion think about it you ‘d most likely want a foundation of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really utilize this too truly easily over here you can copy people now it will give you a great deal of choices and you can use the system to really search for someone that you fancy really following so let’s see maybe we want someone from joined kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can discover everyone who has actually met that criteria and it does give you a threat 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 number of individuals that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not suggest 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 simple as clicking the copy button and off you go and after that you know ask you to verify are you alright with this and off you go now another method to actually deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she actually 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 type of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is good so in fact for me knowing what i like to purchase 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 chooses she’s likewise got a little bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Etf Sparplan.
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