We get htis a lot on our site the answer to Can I Close Part Of My Trade Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you just don’t want to decide what you actually wish to invest and you desire somebody to do it for you there’s only a number of ways that that can occur the to start with you can work with an investment portfolio supervisor they’ll normally charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific funds are produced 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 also now if you’re brand new to an overall please remember this platform is quite innovative you can do cfds which naturally cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform do not simply presume because i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that choice also so you really get used to the structure of the website and after that 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 threat 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 individuals’s financial investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not just do something since that person has actually said they’ve made profit 14 months in a row buy these options because you believe is the best ones for you which being said let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.
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well-known for it’s the option to see what other traders are doing extraordinary we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can really say i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and basically every time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that means if for example 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 included truly critical you understand what are the costs of this now with any platform there will be some expense to clearly 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 a few of the no cost sites then may not charge you for actually buying and selling etfs or funds individual products specific stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing 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 fees with in particular in this video the next would be things to know before you actually start investing in copy trading or copy portfolios and finally some finest suggestions finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s kick off with fees really essential to comprehend these now on there’s a couple of costs there isn’t costs to do with actually buying and selling all right so commission charges are totally free nevertheless there are a number of other charges the first one is withdrawal charges so you can obviously put money 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 later on however when you wish to withdraw your cash so you sell 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 certain that i’m just withdrawing when i absolutely need to now you might state all right that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge fees somewhere 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 mostly it can be maybe even once a year once every six months you understand depends totally how you’re investing but that is a fee to bear in mind the second fee that i have actually touched upon is that conversion fee now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk which’s fine that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading 2 and 2 open market anybody this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you sort of need to accept you understand if you want to use their platform go from uk to us then that conversion charge is there what are they really giving 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 state offer me us dollars rather you have to pay their fees now the terrific thing about however when you have actually converted your cash you do not have to invest it right now that dollar value can being 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 takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s actually excellent utilizing that part of their site will not certainly limit you in any way however we need to be aware of 2 other charges the first being what’s called spread fees fine and i’m going to show you what i suggest on now a spread fee as i’m going to reveal you
on is basically the distinction that is part of the investment platform between the buy rate and the list price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that actually means that when you wish to buy or offer as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing cost of tesla is the worth of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind obviously it’s more expensive to purchase than it is to offer so they’re going to provide 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 between if you’re buying it then you want to sell it which is how they make a bit of cash on those spread out fees it’s usually extremely small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a little bit money now the last accomplishment is called an
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overnight fee now this is actually important if you’re in fact using cfds yourself too an overnight cost is when you’re refraining from doing that buy sell deal in the same day fine there’s then an over night cost charged and even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which indicates you’re in fact buying the exact asset rather than utilizing take advantage of anyway you won’t get hit with these fees but these fees are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you enter into the aid section this isn’t the over night fees information 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 overnight or you’re doing over weekends and that only applies as i stated to cfds there are some service charges naturally depending upon what you are investing in too this is on your own so keep that in mind but full costs are completely within their assistance information okay and we discussed as well as totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity 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 2 various methods of in fact using these copy operates they don’t have any extra costs on top of the typical fees that
are there now what you require to keep in mind though is these potentially handled by other people totally or often have developed portfolios you’ve got a real individual doing the management you need to make certain you choose the person that’s right for you much like any type of work this is your financial assets so we definitely require to make certain it’s the right individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of various options for us to start with if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your charge card details or anything you can essentially have this virtual portfolio mimic as if you are using your own money but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine cash possibly this is a fantastic choice for you again to evaluate the theories okay you might wish to purchase tesla or apple or this etf why not utilize the virtual option as a method to sort of safe have fun with it undoubtedly you may have missed out on gains and losses during that time naturally if you had invested your real cash it allows you to build confidence comprehend 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 in fact how to copy individuals and copy portfolios now here’s something to keep in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i imply by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk simply indicates am i okay with possibly losing a good amount of this investment or gaining 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 but that similarly indicates they’ll lose at some time in their journey undoubtedly individuals do earn money as well and i have actually got videos all about how you can make certain you’re one of individuals to really make money however in this situation ensure you research study your threat level would you be alright offering your money to another person which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing 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 desire a backbone of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really use this too really easily over here you can copy individuals now it will offer you a lot of options and you can use the system to really look for somebody that you fancy actually following so let’s see perhaps we want someone from united kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has met that requirements and it does give you a threat factor too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people that have quite 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 might make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to validate are you okay with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she in fact purchasing 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 excellent to know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is great so actually for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she prefers she’s likewise got a bit more um of the type of primary food business and you have actually got you know pharmaceutical and production companies as that. Can I Close Part Of My Trade Etoro.
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