We get htis a lot on our site the answer to Etoro Pine Script Scale Left Right….Concerns that i speak with new financiers what if you’re brand new to investing you merely do not wish to decide what you in fact wish to invest and you desire somebody to do it for you there’s only a number of manner ins which that can happen the first off you can employ a financial investment portfolio supervisor they’ll usually charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is naturally you can purchase mutual funds particular funds are developed 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 also now if you’re brand new to a total please keep in mind this platform is quite 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 discovering please do study the platform do not simply presume because i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that alternative also so you really get used to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re buying genuine companies if you pick to in this specific video we’re discussing how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at threat and we have to bear that in mind do not just do something because that individual has said they have actually made earnings 14 months in a row buy these options since you think is the best ones for you which 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 probably.
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popular for it’s the option to see what other traders are doing extraordinary we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our cash we can in fact say i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and essentially each time they make a trade they purchase they sell whatever they do your money will be imitated with it so that means if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the charges involved actually important you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the zero fee websites then might not charge you for really buying and selling funds or etfs specific commodities private stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs 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 start investing in copy trading or copy portfolios and finally some best advice best practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s kick off with costs really crucial to understand these now on there’s a number of charges there isn’t costs to do with really buying and selling alright so commission fees are free however there are a couple of other charges the first one is withdrawal fees so you can clearly put money in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your money so you offer your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m just withdrawing when i definitely require to now you might say alright that’s quite expensive 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 simply among those alternatives that they have a great deal of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you understand depends entirely how you’re investing however that is a charge to remember the 2nd cost that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an option to buy in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading 2 and 2 free trade anyone at all this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you kind of have to accept you know if you wish to use their platform go from uk to us then that conversion fee exists what are they actually giving 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 say offer me us dollars rather you have to pay their costs now the terrific aspect of though when you’ve transformed your money 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 purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s really good utilizing that part of their website won’t definitely restrict you in any way nevertheless we need to understand two other charges the first being what’s called spread fees alright and i’m going to show you what i imply on now a spread cost as i’m going to show you
on is generally the difference that is part of the financial investment platform between the buy cost and the list price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact means that when you wish to purchase or offer as you can see it’s not the cost you’re seeing up here let me show you that again so the current price of tesla is the worth of a share what’s called spread charges is the difference then really 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 whenever you do a purchaser’s share so keep that in mind clearly it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you state all right well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you want to offer it which is how they make a little bit of money on those spread charges it’s typically incredibly 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 money now the last task is called an
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over night cost now this is truly important if you’re really utilizing cfds yourself too an over night cost is when you’re not doing that buy offer deal in the exact same day all right there’s then an over night fee charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which implies you’re in fact purchasing the precise possession instead of utilizing utilize anyhow you won’t get hit with these fees however these charges are if you’re utilizing take advantage of 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 state if you go into the help section this isn’t the overnight fees details you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that only applies as i stated to cfds there are some added fees naturally depending upon what you are buying too this is on your own so keep that in mind but complete charges are totally within their help information okay and we discussed along with totally 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 everything there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two various ways of actually utilizing these copy functions they do not have any extra costs on top of the regular fees that
exist now what you require to keep in mind though is these possibly managed by other individuals totally or often have actually developed portfolios you have actually got a genuine person doing the management you have to make certain you choose the individual that’s right for you just like any line of work this is your monetary properties so we absolutely require to make sure it’s the ideal individual 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 number of different options for us to start with if you’re brand new to investing i want 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 play with and it’s not real money that you’re investing you won’t require to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are using your own money 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 fantastic alternative for you once again to check the theories fine you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a way to sort of safe play with it clearly you may have lost out on gains and losses during that time obviously if you had invested your real money it allows 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 genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i mean by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply indicates am i alright with possibly losing a good quantity of this financial investment or acquiring as
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well now keep in mind whatever is downs and ups you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose cash but that similarly suggests they’ll lose at some point in their journey undoubtedly people do make money also and i have actually got videos everything about how you can make sure you’re one of individuals to really make money however in this scenario ensure you research your risk level would you be all right providing your money to another person which is successfully what you’re doing and trusting them ensure you understand what they’re investing in completely if you’re somebody who isn’t wishing to be that risky don’t choose somebody who’s entirely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products
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like gold and even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually use this too actually easily over here you can copy people now it will offer you a lot of options and you can use the system to really search for somebody 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 have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can discover everyone who has satisfied that requirements and it does give you a threat element also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of individuals 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 somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other 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 understand ask you to verify are you all right 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 in fact investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is excellent so in fact for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production business as that. Etoro Pine Script Scale Left Right.