We get this a lot on our site the answer to Etoro Fees Explained….Questions that i speak with new investors what if you’re brand new to investing you merely don’t wish to decide what you in fact wish to invest and you want someone to do it for you there’s only a number of ways that that can happen the to start with you can employ a financial investment portfolio manager they’ll usually charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is obviously you can purchase mutual funds specific funds are produced 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 keep in mind this platform is quite innovative you can do cfds which of course cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform do not just assume since i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they consider that option as well so you in fact get utilized 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 real business if you select to in this specific video we’re speaking about how to copy other individuals’s investments with your cash so clearly your capital is at threat and we have to bear that in mind do not just do something since that person has actually stated they’ve made earnings 14 months in a row invest in these choices because you think is the ideal ones for you which being stated 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 aspect that is probably.
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well-known for it’s the option to see what other traders are doing amazing we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can really say i wish to do precisely what that trader is doing or match that exact portfolio of choices and generally each time they make a trade they purchase they offer whatever they do your cash will be simulated with it so that means 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 fees involved actually crucial you understand what are the expenses of this now with any platform there will be some cost to certainly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the zero fee sites then may not charge you for really buying and selling etfs or funds individual products private stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand before you really start investing in copy trading or copy portfolios and finally some best guidance finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s begin with fees actually essential to understand these now on there’s a couple of charges there isn’t fees to do with actually buying and selling alright so commission costs are totally free nevertheless there are a couple of other charges the first one is withdrawal charges so you can clearly put money 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 wish to withdraw your cash so you offer your shares you offer your commodities 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 knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you may say okay that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are just among those options that they have a great deal of platforms undoubtedly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every 6 months you understand depends entirely how you’re investing however that is a cost to remember the 2nd fee that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not an alternative to buy in euros or uk which’s great that fits 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 cost now when you use anybody so if you’re utilizing trading two and two free trade anyone at all this is basic they have i suppose stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you wish 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 haggle with them you can’t go to the bank and state give me us dollars rather you need to pay their costs now the great aspect of though 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 suggests the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s truly good using that part of their website won’t definitely restrict you in any way however we have to understand 2 other charges the first being what’s called spread charges fine and i’m going to show you what i imply on now a spread charge as i’m going to show you
on is basically the distinction that becomes part of the investment platform between the buy rate and the price alright it’s their premium on doing both those two 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 actually suggests that when you want 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 costs is the difference then really 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 purchaser’s share so keep that in mind clearly it’s more pricey to purchase than it is to offer so they’re going to provide you less back with your sale and you say okay well why does that happen 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 money on those spread fees it’s normally exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a bit cash now the last accomplishment is called an
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overnight charge now this is really crucial if you’re really using cfds yourself also an overnight charge is when you’re refraining from doing that buy sell transaction in the very same day okay there’s then an overnight cost charged or even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which indicates you’re in fact buying the precise possession rather than utilizing utilize anyway you will not get hit with these charges however these costs are if you’re utilizing 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 costs info 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 over night or you’re doing over weekends which only applies as i said to cfds there are some surcharges obviously depending on what you are buying also this is on your own so keep that in mind but full costs are entirely within their assistance info alright and we spoke about as well as totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of in fact using these copy operates they do not have any extra fees on top of the typical costs that
are there now what you require to keep in mind though is these potentially managed by other individuals entirely or often have developed portfolios you’ve got a real person doing the management you have to ensure you pick the person that’s right for you similar to any profession this is your financial possessions so we absolutely need to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do want to use this function we have actually got a couple of different options for us firstly 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 ways 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 need to put in your credit card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash but really 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 great choice for you once again to test the theories okay you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a method to type of safe play with it certainly you may have missed out on gains and losses throughout that time of course if you had actually invested your genuine cash it allows you to construct self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to bear in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i indicate by that undoubtedly 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 risk just means am i all right with potentially losing a great quantity of this financial investment or getting as
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well now remember whatever is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose money however that similarly means they’ll lose eventually in their journey undoubtedly individuals do generate income as well and i’ve got videos all about how you can make certain you’re one of individuals to really generate income but in this situation ensure you research study your risk level would you be fine providing your money to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re somebody who isn’t wishing to be that dangerous do not select somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong commodities
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like gold or even oil plus more standard 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 actually use this too truly quickly over here you can copy individuals now it will provide you a lot of options and you can utilize the system to in fact search for someone that you fancy actually following so let’s see perhaps we desire someone from unified kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everyone who has satisfied that requirements and it does provide you a danger element also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of people that have rather high returns
remember 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 might make four or minus 50 there’s no other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to confirm are you all right 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 really deep dive into what is she in fact buying 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 know ibm paypal yep she’s certainly 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 excellent so in fact for me understanding 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 appears to be what she chooses she’s also got a bit more um of the sort of primary food companies and you’ve got you understand pharmaceutical and production business as that. Etoro Fees Explained.
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