We get htis a lot on our site the answer to Cesare Pavoncello Etoro….Concerns that i speak with brand-new financiers what if you’re brand new to investing you simply don’t wish to decide what you in fact want to invest and you want somebody to do it for you there’s only a couple of ways that that can take place the first off you can hire a financial investment portfolio manager they’ll usually charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is of course you can purchase mutual funds specific funds are created 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 a total please remember this platform is rather advanced you can do cfds which obviously cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just assume since i utilize 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 website 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 risk this is investing we’re doing you’re buying genuine business if you select to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so certainly your capital is at danger and we need to bear that in mind do not simply do something since that person has actually stated they’ve made earnings 14 months in a row purchase these choices since you think is the right ones for you which being stated 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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well-known for it’s the alternative to see what other traders are doing unbelievable we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can actually state i wish to do precisely what that trader is doing or match that specific portfolio of options and basically each time they make a trade they purchase they offer whatever they do your cash will be imitated 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 money in so we’re going to likewise cover is the fees included really crucial you comprehend what are the expenses of this now with any platform there will be some expense to obviously 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 no cost websites then might not charge you for actually buying and selling funds or etfs specific products individual stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to understand prior to you actually start purchasing copy trading or copy portfolios and finally some best guidance best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s start with costs really essential to understand these now on there’s a couple of fees there isn’t charges to do with actually buying and selling okay so commission charges are free nevertheless there are a couple of other fees the very first one is withdrawal fees so you can certainly put money in now if you remain 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 on however when you wish to withdraw your money so you sell your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you may state all right that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are simply among those alternatives that they have a lot of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every 6 months you know depends completely how you’re investing however that is a charge to remember the 2nd cost that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’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 perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading 2 and two free trade anybody this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you type of have to accept you know if you wish to use their platform go from uk to us then that conversion cost exists what are they in fact giving you in regards to 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 say provide me us dollars instead you need to pay their costs now the terrific thing about however when you’ve transformed your money you do not need to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s really great using that part of their website won’t certainly limit you in any way nevertheless we have to be aware of two other fees the first being what’s called spread charges all right and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is generally the difference 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 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really implies that when you want to purchase or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the present cost of tesla is the value of a share what’s called spread charges is the difference then in fact 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 profit from you each time you do a buyer’s share so keep that in mind clearly it’s more pricey to buy than it is to offer so they’re going to give you less back with your sale and you state alright well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to offer it which is how they make a little bit of money on those spread out charges it’s generally incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit money now the last feat is called an
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over night fee now this is really crucial if you’re actually utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy offer transaction in the very same day alright there’s then an over night fee charged or even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one utilize which means you’re in fact purchasing the precise asset instead of utilizing take advantage of anyhow you won’t get hit with these costs but these charges are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you go into the assistance area this isn’t the overnight fees details you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that just applies as i said to cfds there are some service charges of course depending on what you are purchasing also this is on your own so keep that in mind but full fees are totally within their assistance details fine and we talked about in addition to free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical product 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 two different ways of in fact utilizing these copy works they do not have any additional fees on top of the typical charges that
exist now what you need to bear in mind though is these possibly managed by other people completely or often have actually created portfolios you’ve got a genuine individual doing the management you need to ensure you select the individual that’s right for you similar to any profession this is your monetary properties so we absolutely need to make sure it’s the ideal 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 couple 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 genuine money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your credit card details or anything you can generally have this virtual portfolio imitate as if you are using your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money perhaps this is an excellent option for you again to evaluate the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe have fun with it obviously you might have lost out on gains and losses throughout that time naturally if you had actually invested your genuine money it allows you to develop self-confidence understand 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 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 clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just indicates am i alright with potentially losing a great quantity 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 money however that similarly indicates they’ll lose eventually in their journey obviously people do generate income as well and i’ve got videos all about how you can make certain you are among the people to in fact generate income but in this situation make sure you research your risk level would you be fine providing your money to somebody else which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re somebody who isn’t wishing to be that dangerous don’t select somebody who’s completely into crypto or currency conversion consider it you ‘d probably want a backbone of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really use this too truly easily over here you can copy people now it will provide you a great deal of options and you can utilize the system to really search for somebody that you elegant really following so let’s see perhaps we desire someone from unified kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a great amount and i can find everybody who has met that criteria and it does offer you a danger factor too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have rather high returns
remember it’s like anything to do with the news or forecasts 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 other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to verify are you alright with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she in fact buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is good so actually for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s likewise got a bit more um of the sort of primary food companies and you have actually got you understand pharmaceutical and production business as that. Cesare Pavoncello Etoro.
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