We get htis a lot on our site the answer to Can Etoro Be Trusted….Questions that i speak with new financiers what if you’re brand new to investing you simply do not wish to decide what you in fact want to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can occur the firstly you can hire a financial investment portfolio manager they’ll normally charge a rather 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 produced 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 an overall please remember this platform is rather innovative you can do cfds which of course cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform don’t simply assume because 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 consider that option as well so you in fact get utilized to the structure of the website and then when you’re ready to utilize your own money 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 genuine business if you choose to in this particular video we’re speaking about how to copy other people’s investments with your cash so clearly your capital is at risk and we need to bear that in mind do not simply do something since that individual has stated they have actually made earnings 14 months in a row buy these choices since you believe is the ideal ones for you which being stated let’s dive directly 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 probably.
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well-known for it’s the choice to see what other traders are doing incredible we don’t typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can really state i want to do precisely what that trader is doing or match that precise portfolio of choices and essentially whenever they make a trade they buy they offer whatever they do your money will be imitated with it so that indicates if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees included actually vital you understand what are the costs of this now with any platform there will be some cost to certainly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero cost websites then may not charge you for really buying and selling funds or etfs private commodities individual stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges 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 prior to you in fact begin investing in copy trading or copy portfolios and finally some best recommendations best practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s start with costs truly important to understand these now on there’s a couple of costs there isn’t charges to do with actually buying and selling okay so commission fees are complimentary nevertheless there are a number of other costs the first one is withdrawal costs so you can certainly put money in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your money so you sell your shares you sell your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i definitely require to now you may state fine that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are simply one of those options that they have a great deal of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every six months you understand depends completely how you’re investing however that is a charge to remember the second fee that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk which’s great that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading 2 and 2 free trade anybody this is basic they have i suppose stuck with whatever charge they charge for that conversion rate you kind of have to accept you understand if you want to utilize their platform go from uk to us then that conversion fee is there what are they in fact 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 say offer me us dollars rather you have to pay their costs now the fantastic aspect of however when you’ve transformed your cash you do not have to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s truly excellent utilizing that part of their site will not definitely restrict you in any way nevertheless we need to be aware of two other costs the very first being what’s called spread costs all right and i’m going to reveal you what i indicate on now a spread cost as i’m going to show you
on is basically the distinction that becomes part of the investment platform in between the buy price and the sale price okay 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 worth 599 per share in tesla that really means that when you want to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing cost 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 find this all over this is another manner in which they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind clearly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you state okay well why does that occur it simply 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 sell it which is how they make a little bit of money on those spread out fees it’s typically incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit cash now the last task is called an
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overnight charge now this is actually crucial if you’re in fact using cfds yourself also an over night fee is when you’re not doing that buy sell transaction in the exact same day fine there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one utilize which means you’re actually buying the precise possession rather than using utilize anyway you will not get hit with these charges however these fees are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you go into the help area this isn’t the overnight costs details 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 uses as i said to cfds there are some additional charges naturally depending upon what you are buying also this is on your own so keep that in mind but full fees are entirely within their aid info alright and we spoke about along with free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity 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 actually utilizing these copy operates they don’t have any extra fees on top of the regular charges that
are there now what you require to bear in mind though is these potentially handled by other individuals entirely or in some cases have actually produced portfolios you have actually got a genuine individual doing the management you have to ensure you pick the individual that’s right for you similar to any type of work this is your financial properties so we absolutely need to ensure it’s the best person for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of various choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun 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 basically have this virtual portfolio imitate as if you are using your own cash but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine cash maybe this is a fantastic choice for you again to test the theories all right you might want to purchase tesla or apple or this etf why not utilize the virtual option as a way to sort of safe have fun with it certainly you may have missed out on gains and losses during that time naturally if you had invested your real cash it allows you to develop self-confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to remember before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i mean 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 risk simply implies am i all right with potentially losing a great amount of this financial investment or getting as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose money that’s why they make the statistic 75 individuals will lose money but that equally suggests they’ll lose eventually in their journey certainly people do generate income too and i have actually got videos everything about how you can make certain you are among the people to really generate income but in this situation make sure you research study your risk level would you be all right giving your money to someone else which is successfully what you’re doing and trusting them make certain you understand what they’re buying completely if you’re somebody who isn’t wanting to be that risky do not pick someone who’s completely into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong products
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like gold and even oil plus more conventional etfs and index funds you might not desire 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 easily over here you can copy individuals now it will provide you a great deal of choices and you can utilize the system to actually look for someone that you fancy actually following so let’s see perhaps we want somebody from unified kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has actually met that requirements and it does give you a threat element too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way to guarantee 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 really deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s rather 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 some of mine in fact that i buy too which is great so in fact for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the sort of primary food companies and you have actually got you understand pharmaceutical and production business as that. Can Etoro Be Trusted.
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