We get this a lot on our site the answer to Pennystocks On Etoro….Concerns that i hear from new financiers what if you’re brand new to investing you merely don’t wish to decide what you actually want to invest and you want somebody to do it for you there’s just a couple of manner ins which that can take place the firstly you can work with a financial investment portfolio manager they’ll generally charge a quite a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is obviously you can buy 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 too now if you’re brand new to an overall please bear in mind this platform is quite innovative you can do cfds which naturally cfds are ways 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 simply assume 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 choice also so you actually get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying real business if you pick to in this specific video we’re talking about how to copy other people’s financial investments with your cash so obviously your capital is at risk and we need to bear that in mind do not simply do something because that person has stated they have actually made profit 14 months in a row purchase these options because you think is the right ones for you and that being said 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 probably.
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famous for it’s the alternative to see what other traders are doing incredible we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can actually state i wish to do exactly what that trader is doing or match that exact portfolio of options and basically whenever they make a trade they buy they offer whatever they do your cash will be mimicked with it so that means if for instance 10 of their financial investment portfolio is 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 truly critical you comprehend what are the costs of this now with any platform there will be some cost to obviously these are genuine business 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 fee websites then may not charge you for really buying and selling etfs or funds specific products private 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 sort of fees associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to understand before you actually start buying copy trading or copy portfolios and lastly some finest recommendations finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s start with fees actually crucial to comprehend these now on there’s a couple of charges there isn’t fees to do with actually buying and selling all right so commission costs are complimentary nevertheless there are a couple of other fees the first one is withdrawal fees so you can undoubtedly put cash in now if you’re 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 however when you wish to withdraw your money 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 5 dollars per withdrawal so for me naturally knowing that i’m going to make sure that i’m just withdrawing when i definitely need to now you might say all right that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are just among those choices that they have a great deal of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every 6 months you understand depends entirely how you’re investing but that is a cost to remember the 2nd charge that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading two and 2 free trade anyone at all this is standard they have i expect stuck to whatever fee 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 cost exists what are they really offering 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 provide me us dollars rather you have to pay their charges now the terrific aspect of though when you’ve transformed your money you do not have to invest it right away that dollar worth can sit in your portfolio as cash 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 occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s truly great utilizing that part of their site will not certainly restrict you in any way however we need to understand two other costs the very first being what’s called spread fees okay and i’m going to show you what i indicate on now a spread fee as i’m going to show you
on is basically the distinction that is part of the investment platform between the buy rate 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 site right now tesla’s dollar value 599 per share in tesla that in fact suggests that when you want to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current cost of tesla is the value of a share what’s called spread costs is the distinction then in fact to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of make money from you whenever you do a buyer’s share so keep that in mind clearly it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you state okay well why does that occur 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 cash on those spread out charges it’s usually incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a bit money now the last feat is called an
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overnight cost now this is actually essential if you’re in fact using cfds yourself too an overnight charge is when you’re refraining from doing that buy offer deal in the very same day fine there’s then an overnight charge charged and even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which means you’re in fact buying the specific asset instead of utilizing leverage anyhow you will not get hit with these charges however these costs 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 exact same day so let’s state if you enter into the help section this isn’t the over night charges info you can see exactly 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 only applies as i said to cfds there are some surcharges of course depending upon what you are investing in as well this is on your own so keep that in mind however complete fees are completely within their assistance details alright and we discussed along with totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of really utilizing these copy operates they don’t have any additional fees on top of the regular fees that
exist now what you require to remember though is these possibly handled by other individuals totally or often have developed portfolios you’ve got a genuine person doing the management you have to make sure you pick the individual that’s right for you just like any profession this is your monetary assets so we definitely need to make sure it’s the best individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a number of different options for us first off if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual ways 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 need to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is a great choice for you once again to evaluate the theories okay you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe play with it obviously you may have lost out on gains and losses during that time naturally if you had actually invested your real money it allows you to develop self-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 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 imply by that undoubtedly 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 possibly losing an excellent quantity of this investment or acquiring as
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well now remember whatever is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 people will lose money however that similarly indicates they’ll lose eventually in their journey obviously people do make money as well and i’ve got videos everything about how you can ensure you’re one of the people to in fact generate income however in this scenario ensure you research study your risk level would you be fine offering your money to somebody else which is successfully what you’re doing and trusting them ensure you understand what they’re investing in fully if you’re somebody who isn’t wishing to be that risky don’t choose someone who’s entirely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong products
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like gold or even oil plus more traditional 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 actually use this too truly 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 fancy really following so let’s see possibly we want someone from united kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds a good quantity and i can find everyone who has actually satisfied that requirements and it does offer you a threat aspect too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of individuals 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 suggest somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to validate are you fine with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she really buying 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 excellent to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is great so really 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 business that seems to be what she prefers she’s likewise got a little bit more um of the type of main food business and you’ve got you understand pharmaceutical and production business as that. Pennystocks On Etoro.
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