We get htis a lot on our site the answer to Use Etoro On Autopilot….Questions that i speak with new financiers what if you’re brand new to investing you merely do not wish to choose what you actually wish to invest and you desire somebody to do it for you there’s only a couple of ways that that can occur the firstly you can employ a financial investment portfolio manager they’ll typically charge a quite a high premium to do that maybe one or two percent of your earnings 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 also now if you’re brand new to a total please remember this platform is quite sophisticated you can do cfds which naturally cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re discovering please do study the platform do not simply assume since i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that choice 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 naturally your capital is at threat this is investing we’re doing you’re purchasing real companies if you choose to in this particular video we’re discussing how to copy other people’s financial investments with your cash so certainly your capital is at risk and we have to bear that in mind do not simply do something because that person has actually said they have actually made earnings 14 months in a row buy these options due to the fact that you think is the best 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 aspect that is probably.
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popular for it’s the alternative to see what other traders are doing extraordinary we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of alternatives and generally every time they make a trade they buy they offer whatever they do your money will be mimicked with it so that implies if for example 10 of their 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 charges included really important you understand what are the expenses of this now with any platform there will be some expense to certainly 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 a few of the absolutely no cost websites then might not charge you for really buying and selling etfs or funds specific commodities specific stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand prior to you really start purchasing copy trading or copy portfolios and finally 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 begin with costs truly important to understand these now on there’s a number of charges there isn’t fees to do with actually buying and selling fine so commission charges are complimentary however there are a number of other costs the very first one is withdrawal fees so you can undoubtedly put cash in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you offer 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 naturally understanding that i’m going to make certain that i’m only withdrawing when i absolutely require to now you might say okay that’s quite costly 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 great deal of platforms obviously are totally free 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 understand depends totally how you’re investing but that is a charge to bear in mind the second cost that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not an alternative to buy 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 or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading two and 2 open market anyone at all this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you kind of need to accept you know if you want to use their platform go from uk to us then that conversion charge is there what are they actually providing 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 give me us dollars instead you need to pay their fees now the terrific aspect of however when you have actually transformed your money you do not need to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that implies the preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s actually great utilizing that part of their site will not certainly restrict you in any way however we have to know 2 other fees the first being what’s called spread costs okay and i’m going to reveal you what i indicate on now a spread fee as i’m going to reveal you
on is essentially the difference that is part of the financial investment platform between the buy rate and the sale 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 worth 599 per share in tesla that in fact indicates that when you wish to purchase or sell as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present cost of tesla is the value of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of make money from you every time you do a buyer’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to offer you less back with your sale and you say okay well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to sell it and that is how they make a little bit of cash on those spread costs it’s typically incredibly small 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 bit money now the last feat is called an
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overnight fee now this is really important if you’re actually utilizing cfds yourself also an over night cost is when you’re refraining from doing that buy offer transaction in the exact same day alright there’s then an overnight cost charged and 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 actually buying out the etf the stock the product and utilizing time one take advantage of which means you’re in fact purchasing the exact possession rather than utilizing take advantage of anyhow you won’t get hit with these fees but these costs are if you’re utilizing leverage and cfds and after that you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you enter into the help area this isn’t the over night charges 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 only uses as i stated to cfds there are some service charges obviously depending on what you are buying also this is on your own so keep that in mind however full charges are entirely within their assistance information alright and we discussed as well as complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of really using these copy works they do not have any additional fees on top of the regular costs that
are there now what you need to remember though is these possibly managed by other individuals completely or often have actually developed portfolios you have actually got a real person doing the management you have to make certain you choose the individual that’s right for you similar to any profession this is your financial properties 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 couple of different 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 choice to invest genuine money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not 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 cash but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real money perhaps this is a fantastic option for you again to evaluate the theories fine you may wish to purchase tesla or apple or this etf why not use the virtual option as a method to type of safe have fun with it undoubtedly you may have lost out on gains and losses during that time obviously if you had invested your genuine money it enables you to develop self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to remember prior to you select someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i suggest by that obviously 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 just means am i alright with possibly losing an excellent amount of this investment or getting as
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well now keep in mind whatever is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose money but that equally suggests they’ll lose eventually in their journey obviously individuals do make money too and i’ve got videos everything about how you can make certain you’re one of individuals to actually make money but in this scenario make sure you research study your threat level would you be alright providing your money to someone else which is effectively what you’re doing and trusting them ensure you comprehend what they’re buying completely if you’re someone who isn’t wanting to be that dangerous don’t select somebody who’s entirely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong commodities
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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 same with who you’re following now as i state you can really utilize this too truly quickly over here you can copy people now it will give you a great deal of choices and you can use the system to actually look for someone that you fancy actually following so let’s see perhaps we desire somebody from united kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has fulfilled 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 certainly there are a variety of people that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to verify are you okay with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she in fact investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is good 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 chooses she’s likewise got a little bit more um of the type of primary food business and you have actually got you understand pharmaceutical and production business as that. Use Etoro On Autopilot.
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