We get htis a lot on our site the answer to Can We Etoro….Concerns that i speak with brand-new financiers what if you’re brand new to investing you just don’t want to decide what you really wish to invest and you desire someone to do it for you there’s only a number of ways that that can happen the to start with you can employ an investment portfolio manager they’ll normally charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular funds are developed 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 also now if you’re brand new to an overall please keep in mind this platform is rather innovative you can do cfds which obviously cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform do not just presume due to the fact that i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they give that option as well so you in fact 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 investing in genuine business if you choose to in this particular video we’re speaking about how to copy other individuals’s financial investments with your money so obviously your capital is at threat and we have to bear that in mind do not simply do something since that individual has stated they’ve made profit 14 months in a row buy these options because you think is the best ones for you and that being stated let’s dive directly in [Music] so the important 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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famous for it’s the choice to see what other traders are doing extraordinary we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can actually say i want to do exactly what that trader is doing or match that exact portfolio of options and essentially whenever 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 investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges involved actually critical you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no charge websites then may not charge you for actually buying and selling etfs or funds specific products specific stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know before you actually start buying copy trading or copy portfolios and lastly some finest advice best practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s start with charges actually essential to understand these now on there’s a number of costs there isn’t fees to do with really buying and selling fine so commission charges are free nevertheless there are a couple of other fees the very first one is withdrawal costs 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 money so you offer your shares you sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might say fine that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are just among those options that they have a lot 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 6 months you know depends entirely how you’re investing but that is a cost to keep 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 an option to purchase in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or 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 two and two open market anyone at all this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion charge is there what are they actually giving 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 provide me us dollars instead you have to pay their fees now the terrific feature of however when you have actually transformed your money you do not need to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that means the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s truly great utilizing that part of their website will not definitely restrict you in any way however we need to know two other charges the first being what’s called spread fees fine and i’m going to reveal you what i mean on now a spread cost as i’m going to show you
on is basically the distinction that is part of the financial investment platform between the buy cost and the 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 really implies that when you want to sell or buy as you can see it’s not the price you’re seeing up here let me show you that again so the present rate of tesla is the worth of a share what’s called spread fees is the difference then actually to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of profit from you every time you do a buyer’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 state alright well why does that occur it just 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 and that is how they make a little bit of money on those spread charges it’s usually incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment company 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 actually using cfds yourself as well an over night fee is when you’re refraining from doing that buy sell deal in the very same day all right there’s then an overnight fee charged or even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one utilize which suggests you’re really purchasing the exact property rather than using leverage anyhow you will not get hit with these fees however these costs are if you’re using utilize and cfds and after that you’re going to have these charges if you’re not buy selling in the same day so let’s state if you go into the aid section this isn’t the over night charges information you can see precisely 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 and that only uses as i stated to cfds there are some service charges of course depending upon what you are investing in also this is on your own so keep that in mind but full fees are entirely within their aid information fine and we discussed along with free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything 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 actually using these copy works they do not have any extra charges on top of the normal charges that
exist now what you require to keep in mind though is these possibly managed by other individuals totally or sometimes have produced portfolios you have actually got a real individual doing the management you have to make sure you pick the individual that’s right for you much like any profession this is your monetary possessions so we absolutely require to make certain it’s the ideal person for us prior to we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of various alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine cash perhaps this is an excellent choice for you again to check the theories okay you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a way to kind 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 money it permits you to develop self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i imply 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 risk simply suggests am i alright with potentially losing an excellent amount of this investment or getting as
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well now keep in mind everything is ups and downs you will earn money you’ll lose money that’s why they make the fact 75 individuals will lose money however that equally suggests they’ll lose at some point in their journey clearly individuals do earn money too and i’ve got videos all about how you can ensure you’re one of the people to really make money however in this situation ensure you research your threat level would you be fine giving your money to someone else which is efficiently what you’re doing and trusting them ensure you understand what they’re investing in completely if you’re somebody who isn’t wishing to be that risky don’t select somebody who’s entirely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong products
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like gold or perhaps oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really utilize this too actually quickly over here you can copy individuals now it will provide you a great deal of options and you can use the system to in fact look for someone that you elegant in fact following so let’s see perhaps we desire someone from united kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has met that requirements and it does offer you a threat aspect too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of individuals that have quite high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they could 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 after that you understand ask you to confirm are you all right 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 actually deep dive into what is she actually 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 little bit so that’s great to know ibm paypal yep she’s definitely 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 good so really for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s likewise got a little bit more um of the kind of main food companies and you have actually got you know pharmaceutical and production business as that. Can We Etoro.
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