We get this a lot on our site the answer to Most Profitable Etoro Traders….Concerns that i hear from new financiers what if you’re brand new to investing you just do not wish to choose what you in fact want to invest and you desire someone to do it for you there’s only a couple of ways that that can occur the firstly you can hire 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 of course you can buy mutual funds specific funds are developed 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 as well now if you’re brand new to an overall please remember this platform is rather innovative you can do cfds which naturally cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just presume because i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they consider that option as well so you actually get used to the structure of the site and then when you’re ready to use 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 genuine companies if you select to in this specific video we’re talking about how to copy other people’s financial investments with your cash so clearly your capital is at danger and we need to bear that in mind do not simply do something since that individual has stated they’ve made profit 14 months in a row buy these choices because you believe is the ideal ones for you which being stated 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 element that is most likely.
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famous for it’s the alternative to see what other traders are doing extraordinary we do not normally 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 money we can really say i want to do exactly what that trader is doing or match that specific portfolio of choices and basically whenever they make a trade they buy they offer whatever they do your cash will be mimicked with it so that implies 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 comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are real 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 absolutely no fee sites then might 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 perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs 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 prior to you in fact begin buying copy trading or copy portfolios and lastly some best advice finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s start with costs truly important to understand these now on there’s a number of charges there isn’t costs to do with actually buying and selling all right so commission fees are complimentary nevertheless there are a couple of other fees the very first one is withdrawal costs so you can undoubtedly put money in now if you remain in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash so you sell your shares you offer your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing 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 fees are simply one of those options that they have a great deal of platforms clearly are complimentary 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 as soon as every six months you know depends completely how you’re investing but that is a charge to remember the 2nd cost that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not an alternative to buy in euros or uk and that’s great that suits me.
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a great deal of my stocks are us dollar stocks anyhow 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 charge now when you use anybody so if you’re using trading two and two open market anybody this is basic they have i expect stuck to whatever cost they charge for that conversion rate you type of have to accept you know if you wish to utilize their platform go from uk to us then that conversion charge exists what are they really 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 offer me us dollars rather you need to pay their charges now the fantastic feature of though when you’ve transformed your cash you do not need to invest it right away 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 convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s truly good utilizing that part of their site won’t definitely restrict you in any way nevertheless we need to know 2 other costs the first being what’s called spread costs alright and i’m going to show you what i mean on now a spread charge as i’m going to reveal you
on is basically the difference that belongs to the financial investment platform between the buy cost and the list price alright it’s their premium on doing both those two 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 implies that when you want to purchase or sell as you can see it’s not the price you’re seeing up here let me show you that again so the present price of tesla is the worth of a share what’s called spread fees is the difference then in fact to buy that share on the platform and you’ll discover this all over this is another way that they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind clearly it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you state okay well why does that happen it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it and that is how they make a bit of money on those spread out costs it’s typically incredibly small 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 little bit cash now the last accomplishment is called an
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overnight fee now this is actually important if you’re really utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy sell transaction in the same day alright there’s then an over night cost charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one leverage which indicates you’re really buying the exact asset instead of utilizing leverage anyhow you will not get hit with these fees but these costs are if you’re utilizing leverage and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s state if you enter into the help 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 fees then for when you’re doing over night or you’re doing over weekends which just applies as i said to cfds there are some service charges of course depending upon what you are purchasing too this is on your own so keep that in mind however full fees are entirely within their aid information okay and we discussed as well as free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of in fact using these copy operates they don’t have any additional charges on top of the typical charges that
exist now what you need to remember though is these potentially managed by other people completely or in some cases have created portfolios you have actually got a genuine person doing the management you have to make certain you pick the person that’s right for you similar to any type of work this is your financial assets so we absolutely need to ensure it’s the ideal person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of different alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual means i think 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 details or anything you can essentially have this virtual portfolio mimic as if you are using your own money however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine cash perhaps this is a fantastic choice for you again to test the theories all right you may want to purchase tesla or apple or this etf why not use the virtual choice as a method to kind of safe play with it obviously you may have lost out on gains and losses throughout that time of course if you had actually invested your genuine cash it permits you to develop self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my genuine 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 before you select someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat 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 investments the riskier you can be risk simply implies am i fine with potentially losing an excellent quantity of this investment or acquiring as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose cash that’s why they make the fact 75 people will lose cash but that equally implies they’ll lose at some time in their journey certainly people do earn money too and i have actually got videos everything about how you can make certain you are among individuals to in fact generate income but in this situation make certain you research your threat level would you be fine offering your money to someone else which is successfully what you’re doing and trusting them make sure you comprehend what they’re investing in completely if you’re someone who isn’t wanting to be that risky don’t pick someone who’s completely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong products
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like gold or perhaps oil plus more standard etfs and index funds you may not want 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 actually quickly over here you can copy people now it will provide you a great deal of choices and you can utilize the system to in fact look for somebody that you expensive really following so let’s see possibly we desire somebody from unified kingdom um who buys let’s see who does etfs they’ve gotten 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 offer you a danger factor 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 quite high returns
bear 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 4 or minus 50 there’s no other way to guarantee 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 okay 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 really investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine really that i buy too which is good so actually for me knowing what i like to invest in 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 prefers she’s likewise got a little bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Most Profitable Etoro Traders.
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