We get this a lot on our site the answer to Etoro Is Free….Questions that i hear from brand-new investors what if you’re brand new to investing you merely don’t want to decide what you really wish to invest and you want someone to do it for you there’s just a number of manner ins which that can occur the first of all you can employ a financial investment portfolio manager they’ll normally charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is naturally you can buy 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 as well now if you’re brand new to a total please bear in mind this platform is rather sophisticated you can do cfds which of course cfds are methods of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform don’t simply assume because i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that choice as well so you actually get utilized to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing real companies if you select to in this particular video we’re speaking about how to copy other individuals’s financial investments with your money so obviously your capital is at threat and we need to bear that in mind do not simply do something since that person has actually stated they’ve made revenue 14 months in a row invest in these choices because you think is the right ones for you which being said 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’s part of social trading which is one element that is most likely.
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famous for it’s the option to see what other traders are doing unbelievable we do not generally 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 money we can actually state i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and basically whenever they make a trade they purchase they sell whatever they do your cash will be simulated with it so that suggests if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees included really vital 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 some of the zero cost websites then might not charge you for in fact buying and selling funds or etfs private products specific stocks.
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there’ll be costs on other parts perhaps 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 know before you in fact begin investing in copy trading or copy portfolios and finally some finest suggestions finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s start with costs actually essential to comprehend these now on there’s a number of charges there isn’t costs to do with in fact buying and selling okay so commission costs are free however there are a number of other charges the very first one is withdrawal costs so you can clearly put cash in now if you’re 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 but when you want to withdraw your cash so you sell your shares you sell your commodities 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 of course understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might state okay that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are simply among those options that they have a lot of platforms obviously are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps 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 only there’s not a choice to buy in euros or uk and that’s great that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading two and two free trade anybody this is standard they have i expect stuck to whatever fee 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 charge is there what are they actually 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 say provide me us dollars instead you have to pay their charges now the terrific feature of however when you have actually converted your cash you do not have to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you buy 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 excellent using that part of their website will not certainly limit you in any way however we have to understand 2 other charges the very first being what’s called spread fees alright and i’m going to show 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 rate and the list price fine 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 worth 599 per share in tesla that really implies that when you want to purchase or offer as you can see it’s not the cost you’re seeing up here let me show you that once again so the existing cost 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 everywhere this is another manner in which they make a small amount of benefit from you each time you do a buyer’s share so keep that in mind certainly it’s more pricey to buy than it is to sell so they’re going to offer you less back with your sale and you say okay well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to sell it which is how they make a bit of cash on those spread out fees it’s normally extremely little it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a bit money now the last accomplishment is called an
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overnight cost now this is actually crucial if you’re actually utilizing cfds yourself as well an over night cost is when you’re refraining from doing that buy offer transaction in the same day all right there’s then an over night charge charged or even if you go from the friday to the monday before sailing 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 utilize which implies you’re actually buying the precise property instead of utilizing take advantage of anyhow you will not get hit with these fees but these fees are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s say if you go into the help area this isn’t the overnight charges information you can see precisely the breakdown and it’ll tell you what are the charges what are the charges 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 service charges of course depending on what you are investing in as well this is on your own so keep that in mind but complete charges are entirely within their assistance details alright 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 typical product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two various ways of actually using these copy works they don’t have any additional fees on top of the regular costs that
exist now what you require to remember though is these potentially handled by other individuals entirely or often have actually produced portfolios you’ve got a real person doing the management you need to make sure you select the person that’s right for you similar to any profession this is your financial assets so we absolutely 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 use this function we have actually got a couple of various options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash 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 charge card information or anything you can essentially have this virtual portfolio mimic as if you are using your own money however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine cash possibly this is a terrific choice for you once again to check the theories alright you may wish to buy tesla or apple or this etf why not use the virtual option as a way to kind of safe have fun with it undoubtedly you might have lost out on gains and losses throughout that time obviously if you had invested your genuine cash it enables you to construct self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return 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 pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i imply by that certainly 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 simply means am i okay with possibly losing a great quantity of this financial investment or acquiring as
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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 individuals will lose cash however that similarly means they’ll lose at some point in their journey obviously individuals do earn money also and i’ve got videos everything about how you can ensure you’re one of the people to actually earn money however in this scenario make certain you research your risk level would you be fine providing your cash to someone else which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re somebody who isn’t wishing to be that risky don’t select somebody who’s entirely into crypto or currency conversion think of it you ‘d probably want a backbone of strong products
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like gold or perhaps oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact use this too truly quickly over here you can copy people now it will offer you a lot of choices and you can utilize the system to in fact search for someone that you fancy actually following so let’s see maybe we desire someone from joined kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has fulfilled that criteria and it does offer you a threat factor also 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 people that have rather high returns
remember it’s like 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 might make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to verify are you alright with this and off you go now another method 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 actually buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is excellent so actually for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s likewise got a bit more um of the sort of primary food business and you’ve got you understand pharmaceutical and production business as that. Etoro Is Free.
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