We get this a lot on our site the answer to Startup Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you simply do not wish to decide what you really want to invest and you want someone to do it for you there’s only a couple of manner ins which that can occur the firstly you can employ a financial investment portfolio manager they’ll normally charge a quite a high premium to do that possibly a couple of 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 also now if you’re brand new to an overall please keep in mind this platform is quite innovative you can do cfds which of course cfds are ways of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform don’t simply assume due to the fact that i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that option as well so you in fact get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re investing in real business if you pick to in this particular video we’re discussing how to copy other people’s financial investments with your money so clearly your capital is at risk and we need to bear that in mind do not simply do something since that individual has said they’ve made profit 14 months in a row purchase these choices due to the fact that you believe is the best ones for you and that 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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popular for it’s the option to see what other traders are doing unbelievable we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can really state i wish to do precisely what that trader is doing or match that specific portfolio of options and generally every time they make a trade they buy they offer whatever they do your money will be imitated with it so that indicates if for example 10 of their 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 costs involved really critical you understand what are the expenses of this now with any platform there will be some cost to obviously these are genuine 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 no charge sites then might not charge you for in fact buying and selling funds or etfs private products specific stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re altering 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 before you actually start investing in copy trading or copy portfolios and lastly some finest advice 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 fees truly essential to comprehend these now on there’s a couple of charges there isn’t charges to do with really buying and selling fine so commission costs are complimentary nevertheless there are a number of other fees the first one is withdrawal fees so you can certainly put money in now if you’re 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 however when you want to withdraw your cash so you offer your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you may state fine that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are just 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 when every 6 months you understand depends completely how you’re investing but that is a fee to bear in mind the 2nd charge that i have actually discussed is that conversion fee now with you’re dealing in us dollars just there’s not a choice 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 and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading 2 and 2 open market anyone at all this is basic they have i expect stuck to whatever fee they charge for that conversion rate you kind of need to accept you know if you wish to use 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 bargain with them you can’t go to the bank and say offer me us dollars rather you have to pay their fees now the excellent thing about however when you’ve converted your cash you do not have to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the initial day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s really excellent using that part of their site will not certainly restrict you in any way however we need to understand 2 other fees the first being what’s called spread costs okay and i’m going to reveal you what i suggest on now a spread cost as i’m going to reveal you
on is essentially the distinction that belongs to the financial investment platform between the buy rate and the 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 value 599 per share in tesla that in fact suggests that when you want to offer or buy as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the existing rate of tesla is the value of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of make money 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 sell 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 great deal of platforms out there there’s a difference between if you’re buying it then you wish to sell it which is how they make a little bit of cash on those spread charges it’s normally extremely little it could be a matter of pens matter of cents in there but 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 charge now this is actually crucial if you’re in fact utilizing cfds yourself also an overnight fee is when you’re refraining from doing that buy sell deal in the exact same day okay there’s then an overnight fee charged or perhaps if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one take advantage of which means you’re really purchasing the precise asset instead of utilizing utilize anyway you won’t get hit with these fees but these charges are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s state if you go into the assistance section this isn’t the over night charges details you can see exactly the breakdown and it’ll inform 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 stated to cfds there are some service charges of course depending on what you are investing in too this is on your own so keep that in mind however full charges are totally within their assistance information alright and we talked about in addition to totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of in fact using these copy works they do not have any additional costs on top of the regular costs that
are there now what you require to remember though is these potentially managed by other people completely or often have actually created portfolios you’ve got a genuine individual doing the management you have to ensure you pick the individual that’s right for you much like any type of work this is your financial properties so we absolutely need to ensure 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 couple of different options for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your credit card information or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own money but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine money possibly this is a fantastic option for you once again to test the theories alright you may want to purchase tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe play with it obviously you may have missed out on gains and losses throughout that time obviously if you had invested your genuine cash it enables you to construct confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to remember prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i suggest by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of simply suggests am i all right with potentially losing a great amount of this financial investment or acquiring as
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well now remember whatever is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose cash however that equally suggests they’ll lose at some time in their journey obviously people do generate income too and i’ve got videos all about how you can make sure you are among individuals to actually earn money but in this circumstance ensure you research your threat level would you be fine providing your money to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re somebody who isn’t wanting to be that risky do not pick somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products
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like gold and 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 state you can really use this too actually easily over here you can copy people now it will give you a great deal of options and you can utilize the system to actually look for somebody that you elegant in fact following so let’s see possibly we want somebody from unified kingdom um who buys let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everybody who has actually satisfied that requirements and it does provide you a danger aspect too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have quite high returns
remember it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to verify are you fine with this and off you go now another way to really deep dive if we click on this person for instance ruby mza as an example you can in fact 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 bit so that’s great to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got a few of mine really that i invest in too which is good so in fact for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s likewise got a bit more um of the type of main food business and you have actually got you know pharmaceutical and production business as that. Startup Etoro.
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