We get htis a lot on our site the answer to Can I See My Etoro Account In Pounds?….Questions that i speak with new financiers what if you’re brand new to investing you simply do not wish to choose what you really wish to invest and you want someone to do it for you there’s just a number of ways that that can occur the first of all you can work with an investment portfolio manager they’ll generally 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 obviously you can buy mutual funds particular funds are produced once 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 too now if you’re brand new to an overall please keep in mind this platform is quite advanced you can do cfds which obviously cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform do not just presume 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 really 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 obviously your capital is at danger this is investing we’re doing you’re buying genuine companies if you pick to in this specific video we’re talking about how to copy other people’s financial investments with your cash so clearly your capital is at danger and we have to bear that in mind do not just do something since that individual has said they have actually made revenue 14 months in a row invest in these options since you believe is the best ones for you which being said let’s dive directly 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 probably.
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popular for it’s the alternative to see what other traders are doing unbelievable we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can actually state i wish to do exactly what that trader is doing or match that exact portfolio of choices and basically every time they make a trade they buy they offer whatever they do your cash will be imitated with it so that suggests 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 costs included truly critical you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the no cost websites then may not charge you for really buying and selling funds or etfs specific commodities private 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 sort of fees 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 know before you actually begin purchasing 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 investor so let’s start with fees actually crucial to comprehend these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling okay so commission charges are complimentary however there are a couple of other charges the first one is withdrawal fees so you can undoubtedly put cash 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 cash so you offer your shares you sell 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 obviously understanding that i’m going to make sure 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 need to charge costs somewhere and withdrawal fees are simply one of those alternatives 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 when every 6 months you know depends entirely how you’re investing but that is a fee to keep in mind the 2nd fee that i have actually touched upon is that conversion cost now with you’re dealing in us dollars just there’s not a choice 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 anyhow or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and 2 free trade anybody this is basic they have i expect stuck to whatever fee they charge for that conversion rate you kind of need to accept you understand if you wish to use their platform go from uk to us then that conversion fee is there what are they in fact providing you in regards to 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 give me us dollars instead you need to pay their fees now the great feature of however when you’ve converted your money you do not need 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 buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s actually excellent using that part of their website will not definitely limit you in any way nevertheless we need to be aware of two other costs the very first being what’s called spread fees alright and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is basically the distinction that becomes part of the financial investment platform between the buy cost 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 website today tesla’s dollar worth 599 per share in tesla that in fact indicates that when you want to buy or offer as you can see it’s not the cost you’re seeing up here let me show you that again so the existing rate of tesla is the value of a share what’s called spread costs is the distinction then actually to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of benefit 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 offer 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 in between if you’re buying it then you wish to offer it and that is how they make a little bit of cash 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 money now the last task is called an
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over night charge now this is truly essential if you’re in fact utilizing cfds yourself also an over night fee is when you’re not doing that buy offer transaction in the exact same day fine there’s then an over night cost charged or even if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one take advantage of which implies you’re actually buying the exact asset rather than using take advantage of anyhow you won’t get hit with these charges however these fees are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the exact same day so let’s state if you enter into the assistance area this isn’t the over night costs information 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 overnight or you’re doing over weekends which just applies as i stated to cfds there are some service charges naturally depending upon what you are purchasing as well this is on your own so keep that in mind but complete costs are completely within their assistance details fine and we talked 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 everything there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of actually using these copy works they do not have any extra fees on top of the normal costs that
are there now what you require to bear in mind though is these potentially handled by other people entirely or sometimes have actually developed portfolios you have actually got a genuine person doing the management you need to ensure you select the person that’s right for you similar to any kind of work this is your financial properties so we absolutely 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 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 means 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 require to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own cash but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash maybe this is a terrific choice for you again to test the theories all right you might wish to purchase tesla or apple or this etf why not use the virtual choice as a method to kind of safe have fun with it undoubtedly you might have lost out on gains and losses throughout that time obviously if you had invested your real money it enables you to construct 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 bear in mind before you pick someone 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 mean by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just suggests am i fine with potentially losing a good quantity of this investment or acquiring as
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well now remember everything 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 implies they’ll lose at some time in their journey undoubtedly people do make money as well and i have actually got videos all about how you can make sure you are among the people to in fact make money but in this situation make sure you research your risk level would you be okay giving your money to somebody else which is efficiently what you’re doing and trusting them ensure you understand what they’re purchasing totally if you’re somebody who isn’t wishing to be that risky do not pick someone who’s completely into crypto or currency conversion consider it you ‘d probably want a foundation of strong products
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like gold and even 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 say you can actually use this too really easily over here you can copy people now it will provide you a great deal of options and you can utilize the system to actually look for somebody that you fancy actually following so let’s see possibly we desire someone from unified 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 a great amount and i can discover everybody who has actually met that criteria and it does offer you a risk aspect 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 people that have rather high returns
keep in mind it’s like 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 might 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 confirm are you okay with this and off you go now another method to actually deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she actually buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got some of mine in fact that i purchase too which is excellent so really for me knowing what i like to purchase my private 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 also got a little 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 See My Etoro Account In Pounds?.
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