We get this a lot on our site the answer to My Fees If People Copy My Trad On Etoro….Questions that i speak with new financiers what if you’re brand new to investing you merely do not want to choose what you actually wish to invest and you want someone to do it for you there’s just a number of manner ins which that can happen the to start with 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 profits will go to them the other thing is obviously you can purchase mutual funds specific funds are developed 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 a total please keep in mind this platform is rather innovative you can do cfds which naturally cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform don’t just presume since i use 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 give that alternative also so you really get utilized 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 danger this is investing we’re doing you’re buying genuine business if you choose to in this particular video we’re talking about how to copy other people’s investments with your cash so clearly your capital is at danger and we have to bear that in mind do not just do something since that person has actually stated they’ve made earnings 14 months in a row purchase these options since you think is the ideal ones for you which being stated let’s dive straight in [Music] so 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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well-known for it’s the alternative to see what other traders are doing amazing we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can actually state i wish to do precisely what that trader is doing or match that exact portfolio of options and basically each time they make a trade they buy they sell whatever they do your cash will be imitated with it so that indicates 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 costs involved truly crucial you understand what are the expenses of this now with any platform there will be some expense to undoubtedly 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 a few of the absolutely no fee sites then might not charge you for really buying and selling funds or etfs individual commodities specific stocks.
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there’ll be fees on other parts possibly 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 prior to you actually start investing in copy trading or copy portfolios and finally some finest guidance finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s begin with costs really crucial to comprehend these now on there’s a couple of fees there isn’t fees to do with really buying and selling alright so commission costs are totally free however there are a couple of other charges the very first one is withdrawal costs so you can undoubtedly put money in now if you’re 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 later on but when you wish to withdraw your money so you offer 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 knowing that i’m going to make sure that i’m only withdrawing when i absolutely need to now you may state okay that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are simply one of those choices that they have a lot 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 when every 6 months you know depends completely how you’re investing but that is a fee to remember the 2nd charge that i have actually touched upon is that conversion fee now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk and that’s fine that matches 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 excellent with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading two and 2 free trade anyone at all this is standard they have actually i expect stuck to whatever fee they charge for that conversion rate you sort of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they actually giving you in regards to 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 offer me us dollars rather you need to pay their costs now the excellent thing about however when you have actually converted your money you do not need to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s actually good using that part of their site won’t definitely restrict you in any way however we have to understand 2 other costs the first being what’s called spread costs all right and i’m going to show you what i indicate on now a spread cost as i’m going to reveal you
on is essentially the distinction that becomes part of the investment platform in between the buy cost and the list price fine 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 actually means that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing price of tesla is the worth of a share what’s called spread costs 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 benefit from you each time you do a purchaser’s share so keep that in mind clearly it’s more pricey to buy than it is to offer so they’re going to provide you less back with your sale and you say alright well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it and that is how they make a little bit of cash on those spread out charges it’s typically incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a bit money now the last feat is called an
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over night charge now this is truly essential if you’re in fact utilizing cfds yourself also an over night fee is when you’re refraining from doing that buy offer transaction in the very same day alright there’s then an overnight charge 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 in fact buying out the etf the stock the product and utilizing time one take advantage of which means you’re really buying the exact asset instead of using utilize anyway you will not get hit with these fees however these charges are if you’re using utilize 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 over night charges information you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that just uses as i stated to cfds there are some service charges of course depending upon what you are investing in as well this is on your own so keep that in mind however full charges are entirely within their assistance details all right and we discussed in addition to totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of actually using these copy functions they do not have any extra fees on top of the regular charges that
exist now what you need to remember though is these potentially handled by other individuals totally or in some cases have actually developed portfolios you have actually got a real person doing the management you need to make certain you pick the person that’s right for you much like any line of work this is your financial assets so we absolutely need to make certain it’s the best person for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of different options 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 genuine cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your charge card information or anything you can generally have this virtual portfolio imitate as if you are using your own money however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash possibly this is an excellent choice for you once again to test the theories all right you may wish to purchase tesla or apple or this etf why not use the virtual choice as a method to type of safe have fun with it obviously you might have lost out on gains and losses during that time of course if you had invested your real cash it permits you to develop confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind before 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 mean by that clearly 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 run the risk of just implies am i fine with potentially losing a good quantity of this investment or acquiring as
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well now remember everything is downs and ups you will generate income you’ll lose money 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 undoubtedly individuals do generate income as well and i have actually got videos all about how you can ensure you’re one of individuals to actually generate income but in this situation make sure you research your danger level would you be fine giving your money to another person which is successfully what you’re doing and trusting them make certain you comprehend what they’re buying totally if you’re somebody who isn’t wanting to be that dangerous don’t choose somebody who’s totally into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong products
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like gold or even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually use this too really easily over here you can copy people now it will offer you a lot of options and you can use the system to in fact search for someone that you elegant in fact following so let’s see possibly we desire someone from united kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds a great amount and i can find everybody who has met that criteria and it does offer you a risk aspect too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns
remember 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 might make four or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to validate are you fine with this and off you go now another method to actually deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she in fact purchasing so let’s go 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 understand ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine really that i buy too which is excellent so actually for me knowing what i like to buy my individual 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 also got a bit more um of the type of main food companies and you have actually got you understand pharmaceutical and production business as that. My Fees If People Copy My Trad On Etoro.
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