We get this a lot on our site the answer to Report Etoro….Questions that i speak with new financiers what if you’re brand new to investing you merely don’t want to decide what you really want to invest and you desire somebody to do it for you there’s only a number of ways that that can take place the first off you can employ a financial investment portfolio supervisor they’ll typically 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 obviously you can purchase mutual funds particular funds are created 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 as well now if you’re brand new to a total please keep in mind this platform is quite innovative you can do cfds which obviously cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform do not simply assume since i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that alternative also so you really get utilized to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re purchasing real business if you select to in this specific video we’re discussing how to copy other people’s investments with your money so certainly your capital is at threat and we need to bear that in mind do not simply do something since that individual has actually said they’ve made profit 14 months in a row invest in these options due to the fact that you believe is the right ones for you which being stated 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 most likely.
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popular for it’s the option to see what other traders are doing incredible we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of options and generally every time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that means 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 likewise cover is the charges included really crucial you understand what are the expenses of this now with any platform there will be some cost to obviously these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no cost websites then might not charge you for in fact buying and selling funds or etfs private commodities specific stocks.
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there’ll be fees on other parts perhaps 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 reveal you the costs with in particular in this video the next would be things to understand before you actually begin purchasing copy trading or copy portfolios and lastly some best guidance best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s kick off with charges truly crucial 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 charges are totally free however there are a couple of other fees the very first one is withdrawal costs so you can clearly put money in now if you remain 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 but when you want to withdraw your cash so you offer your shares you offer your commodities 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 absolutely need to now you might state alright that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are simply among those options that they have a lot of platforms clearly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe 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 second fee that i have actually touched upon is that conversion fee now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading 2 and two open market anybody this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you kind of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost exists what are they in fact 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 instead you have to pay their fees now the great thing about however when you’ve transformed 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 means the preliminary day that you buy 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 actually good using that part of their website won’t definitely restrict you in any way nevertheless we need to be aware of 2 other charges the first being what’s called spread costs fine and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you
on is basically the distinction that becomes part of the investment platform between the buy price and the list price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that in fact implies that when you want to sell or purchase as you can see it’s not the price you’re seeing up here let me show you that again so the present rate of tesla is the worth of a share what’s called spread charges is the distinction then actually to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind certainly it’s more expensive to purchase than it is to offer so they’re going to give 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 difference between if you’re buying it then you want to sell it which is how they make a little bit of money on those spread out costs it’s generally exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a little bit cash now the last accomplishment is called an
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over night fee now this is really important if you’re really utilizing cfds yourself also an overnight 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 perhaps if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which indicates you’re really buying the specific property instead of using leverage anyway you will not get hit with these fees but these costs are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s say if you go into the aid area this isn’t the over night fees info you can see exactly the breakdown and it’ll tell you what are the charges what are the costs 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 surcharges naturally depending on what you are buying too this is on your own so keep that in mind however full fees are completely within their assistance details alright and we talked 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 commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of in fact using these copy works they do not have any extra costs on top of the regular fees that
exist now what you require to bear in mind though is these potentially handled by other individuals totally or sometimes have actually created portfolios you have actually got a genuine person doing the management you need to ensure you select the person that’s right for you much like any type of work this is your financial properties so we definitely require to ensure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple of various options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your credit card information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own cash however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money perhaps this is an excellent choice for you again to evaluate the theories fine you might wish to buy tesla or apple or this etf why not use the virtual option as a method to type of safe play with it obviously you may have lost out on gains and losses during that time of course if you had invested your genuine money it allows you to construct 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 remember before you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i mean by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of simply means am i alright with possibly losing a good amount of this investment or getting as
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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 individuals will lose money but that equally means they’ll lose eventually in their journey undoubtedly individuals do make money as well and i’ve got videos all about how you can make certain you’re one of individuals to actually make money but in this scenario ensure you research your risk level would you be alright providing your money to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re buying totally if you’re someone who isn’t wishing to be that risky do not select someone who’s completely into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually utilize this too actually quickly over here you can copy people now it will provide you a lot of choices and you can use the system to in fact search for someone that you fancy actually following so let’s see possibly we desire someone from joined kingdom um who buys let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has fulfilled that criteria and it does offer you a risk element also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have quite high returns
remember it resembles anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they might make four 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 then 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 instance ruby mza as an example you can actually deep dive into what is she really investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s definitely like type 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 excellent so in fact for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s likewise got a little bit more um of the sort of main food business and you have actually got you know pharmaceutical and production companies as that. Report Etoro.
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