We get htis a lot on our site the answer to Etoro Question Answers….Concerns that i speak with brand-new investors what if you’re brand new to investing you simply do not wish to decide what you in fact wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can take place the first of all you can work with a financial investment portfolio manager they’ll typically charge a rather a high premium to do that maybe one or two percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular funds are produced 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 bear in mind this platform is rather innovative you can do cfds which obviously cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform do not just presume due to the fact that i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they give that alternative too so you in fact get used to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying genuine business if you choose to in this particular video we’re discussing how to copy other people’s investments with your money so obviously your capital is at risk and we need to bear that in mind do not simply do something because that person has said they have actually made revenue 14 months in a row purchase these choices since you believe is the best ones for you and that being stated let’s dive directly in [Music] so the important 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 most likely.
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popular for it’s the alternative to see what other traders are doing amazing we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can in fact say i want to do exactly what that trader is doing or match that precise portfolio of alternatives and generally every time they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that indicates if for instance 10 of their 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 charges involved really important you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero charge sites then may not charge you for in fact buying and selling etfs or funds individual products private 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 sort of costs associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know before you actually start investing in copy trading or copy portfolios and finally some finest advice finest practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s begin with fees truly important 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 charges are totally free nevertheless there are a couple of other charges the first one is withdrawal charges so you can obviously put cash 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 in the future but when you wish to withdraw your cash so you sell your shares you offer 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 understanding that i’m going to make sure that i’m only withdrawing when i definitely need to now you might state alright that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are just among those alternatives that they have a great deal of platforms clearly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you know depends entirely how you’re investing however that is a charge to bear in mind the 2nd charge that i’ve discussed is that conversion fee now with you’re handling us dollars only there’s not an option to buy in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even 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 open market anybody this is standard they have actually i expect stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you wish to utilize their platform go from uk to us then that conversion cost is there what are they actually offering you in regards to 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 provide me us dollars instead you have to pay their fees now the terrific aspect of though when you have actually converted your money you do not have to invest it immediately 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 buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s actually great utilizing that part of their website won’t certainly restrict you in any way nevertheless we need to know two other fees the first being what’s called spread costs all right and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you
on is generally the difference that is part of the investment platform in between the buy rate and the sale price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that in fact suggests that when you wish to sell or purchase as you can see it’s not the cost you’re seeing up here let me show you that again so the current rate of tesla is the worth of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you each time you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to offer you less back with your sale and you state all right well why does that occur it simply 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 want to offer it which is how they make a little bit of money on those spread fees it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a bit money now the last feat is called an
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overnight cost now this is actually crucial if you’re in fact using cfds yourself also an overnight cost is when you’re not doing that buy offer transaction in the exact same day okay there’s then an over night fee charged or even if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which suggests you’re really buying the exact property rather than using utilize anyhow you will not get hit with these fees but these fees 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 offering in the very same day so let’s say if you enter into the aid section this isn’t the over night fees info you can see precisely the breakdown and it’ll inform 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 just uses as i stated to cfds there are some surcharges obviously depending upon what you are purchasing as well this is on your own so keep that in mind however full charges are totally within their assistance info alright and we spoke about in addition to complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal cost 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 functions they don’t have any additional fees on top of the typical charges that
exist now what you require to remember though is these possibly handled by other people totally or often have actually developed portfolios you’ve got a genuine individual doing the management you need to make sure you choose the person that’s right for you just like any type of work this is your financial assets so we definitely require to make certain it’s the best person for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a number of different options for us first off if you’re brand new to investing i wish 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 have fun with and it’s not real money that you’re investing you won’t need to put in your charge card details or anything you can basically have this virtual portfolio mimic as if you are utilizing your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash perhaps this is a fantastic option for you again to test the theories alright you might want to purchase tesla or apple or this etf why not use the virtual alternative as a method to type of safe have fun with it certainly you may have lost out on gains and losses during that time obviously if you had invested your genuine money it permits 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 really how to copy individuals and copy portfolios now here’s something to keep in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i mean by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just implies am i fine with potentially losing a great quantity of this financial investment or acquiring as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose money that’s why they make the fact 75 individuals will lose money but that equally means they’ll lose eventually in their journey obviously people do make money also and i’ve got videos everything about how you can ensure you are among the people to in fact earn money however in this circumstance make sure you research study your risk level would you be alright providing your cash to another person which is effectively what you’re doing and trusting them make sure you understand what they’re buying totally if you’re someone who isn’t wishing to be that dangerous do not choose someone who’s completely into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you may 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 really use this too really quickly over here you can copy individuals now it will provide you a lot of options and you can utilize the system to really search for somebody that you elegant 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 gotten at least 10 yeah that sounds fair that sounds a good quantity and i can discover everybody who has actually met that criteria and it does provide you a danger factor also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of people that have quite high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not indicate someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you all right with this and off you go now another way to actually deep dive if we click this person for instance 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 rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is excellent so actually for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s also got a bit more um of the type of primary food companies and you have actually got you understand pharmaceutical and production business as that. Etoro Question Answers.
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