We get this a lot on our site the answer to Etoro Islamic Account Review….Questions that i hear from new investors what if you’re brand new to investing you merely do not wish to choose what you actually wish to invest and you desire someone to do it for you there’s just a number of ways that that can take place the firstly you can hire a financial investment portfolio supervisor they’ll generally charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular funds are produced 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 also now if you’re brand new to an overall please remember this platform is quite sophisticated you can do cfds which obviously 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 don’t just assume since i utilize it that you can utilize 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 really get utilized to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re purchasing genuine companies if you choose to in this specific video we’re discussing how to copy other people’s investments with your money so undoubtedly your capital is at risk and we have to bear that in mind do not just do something because that person has said they’ve made profit 14 months in a row purchase these options since you believe is the right 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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well-known for it’s the choice to see what other traders are doing unbelievable we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can really say i wish to do exactly what that trader is doing or match that precise portfolio of options and basically every time they make a trade they buy they sell whatever they do your money will be imitated with it so that means if for instance 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 actually important you understand what are the expenses of this now with any platform there will be some cost to obviously these are genuine companies 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 websites then may not charge you for actually buying and selling etfs or funds private products private stocks.
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there’ll be fees 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 fees with in particular in this video the next would be things to understand before you in fact begin investing in copy trading or copy portfolios and finally some best advice finest practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s start with charges really important to understand these now on there’s a number of charges there isn’t charges to do with actually buying and selling alright so commission costs are complimentary however there are a couple of other charges the very first one is withdrawal fees so you can undoubtedly put cash in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your money so you sell your shares you offer your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally understanding that i’m going to ensure that i’m just withdrawing when i absolutely need to now you might state alright that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are simply one of those options that they have a lot of platforms clearly are 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 six months you understand depends completely how you’re investing but that is a fee to remember the second charge that i have actually 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 fits 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 excellent with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re utilizing trading 2 and two free trade anyone at all this is standard they have actually i suppose stuck to whatever fee they charge for that conversion rate you kind of have to accept you understand if you wish to use 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 state offer me us dollars instead you need to pay their costs now the great feature of though when you’ve converted 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 indicates the initial day that you buy or convert 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 website will not certainly limit you in any way however we need to know two other costs the very first being what’s called spread fees all right and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you
on is essentially the distinction that is part of the investment platform between the buy cost and the sale price okay it’s their premium on doing both those 2 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 in fact implies that when you wish to offer or buy as you can see it’s not the cost you’re seeing up here let me show you that once again so the present price of tesla is the value of a share what’s called spread charges is the distinction then actually to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of make money from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to sell so they’re going to provide you less back with your sale and you state 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 in between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread charges it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit money now the last feat is called an
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over night fee now this is really important if you’re actually using cfds yourself as well an overnight charge is when you’re refraining from doing that buy offer transaction in the very same day all right there’s then an overnight charge charged or even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one leverage which indicates you’re actually buying the exact asset instead of using leverage anyway you will not get hit with these fees however these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these charges if you’re not buy selling in the very same day so let’s state if you enter into the aid section this isn’t the overnight fees details 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 and that just applies as i stated to cfds there are some surcharges obviously depending on what you are purchasing too this is on your own so keep that in mind but complete fees are entirely within their aid information all right and we spoke about as well as complimentary 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 everything there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of really utilizing these copy works they don’t have any additional fees on top of the regular fees that
are there now what you require to bear in mind though is these potentially handled by other individuals entirely or sometimes have actually developed portfolios you’ve got a genuine person doing the management you need to make certain you pick the person that’s right for you just like any line of work this is your financial possessions so we absolutely need to make certain it’s the best individual for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of different alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual methods 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 credit card details or anything you can basically have this virtual portfolio mimic 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 utilizing your real cash perhaps this is a terrific option for you once again to test the theories alright you may want to buy tesla or apple or this etf why not use the virtual option as a way to kind of safe play with it undoubtedly you may have lost out on gains and losses throughout that time obviously if you had actually invested your real cash it enables you to build confidence understand 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 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 understand what your danger profile is now what do i suggest 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 just suggests am i okay with potentially losing a great amount of this investment or getting as
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well now keep in mind whatever is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose money however that equally means they’ll lose at some point in their journey undoubtedly people do generate income as well and i have actually got videos all about how you can ensure you are among the people to in fact generate income but in this situation make certain you research your risk level would you be okay offering your cash to someone else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re buying completely if you’re somebody who isn’t wanting to be that dangerous don’t select somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong products
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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 very same with who you’re following now as i say you can really use this too truly quickly over here you can copy people now it will offer you a lot of options and you can utilize the system to actually look for someone that you expensive in fact following so let’s see possibly we desire somebody from unified kingdom um who buys let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has satisfied that criteria and it does give you a threat factor also 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 rather high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they could 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 after that you know ask you to verify are you all right with this and off you go now another way to in fact 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 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 little bit so that’s good to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got some of mine in fact that i purchase too which is great so really for me understanding what i like to buy my private 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 sort of primary food business and you’ve got you know pharmaceutical and production business as that. Etoro Islamic Account Review.
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