We get htis a lot on our site the answer to David Peddle Etoro….Questions that i hear from new financiers what if you’re brand new to investing you simply do not want to choose what you in fact wish to invest and you want someone to do it for you there’s only a number of ways that that can occur the firstly you can employ an investment portfolio supervisor they’ll generally charge a quite a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds particular 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 quite innovative you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform do not simply assume since i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they give that alternative also so you actually 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 obviously your capital is at threat this is investing we’re doing you’re investing in genuine business if you choose to in this specific video we’re speaking about how to copy other people’s investments with your cash so undoubtedly your capital is at threat and we have to bear that in mind do not just do something since that person has stated they’ve made earnings 14 months in a row buy these choices since you think is the ideal ones for you and that being stated 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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popular for it’s the alternative to see what other traders are doing extraordinary we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our cash we can really state i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and essentially whenever they make a trade they purchase they offer whatever they do your money will be imitated with it so that indicates 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 costs included actually important you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are real companies 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 charge sites then may not charge you for really buying and selling etfs or funds specific products individual stocks.
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there’ll be charges on other parts perhaps 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 show you the costs with in particular in this video the next would be things to know prior to you really begin investing in copy trading or copy portfolios and finally some finest advice finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s kick off with charges really essential to understand these now on there’s a number of charges there isn’t charges to do with in fact buying and selling fine so commission charges are totally free nevertheless there are a number of other fees the first one is withdrawal fees so you can obviously put money in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you sell your shares you offer your commodities 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 naturally understanding that i’m going to make certain that i’m just withdrawing when i absolutely require to now you may state fine that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are simply among those choices that they have a lot of platforms certainly are complimentary to do such things has this five 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 know depends entirely how you’re investing but that is a charge to remember the 2nd charge that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk and that’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading 2 and two free trade anyone at all this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion fee exists what are they in fact giving 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 instead you need to pay their fees now the fantastic thing about though when you have actually converted your money you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that means the preliminary day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s truly good utilizing that part of their website won’t definitely restrict you in any way nevertheless we have to understand two other fees the very first being what’s called spread fees fine and i’m going to reveal you what i imply on now a spread cost as i’m going to show you
on is essentially the difference that belongs to the financial investment platform between the buy price 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 value 599 per share in tesla that actually suggests that when you wish to buy or sell as you can see it’s not the price you’re seeing up here let me show you that again so the current rate of tesla is the worth of a share what’s called spread costs is the distinction then really to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind clearly it’s more expensive to purchase than it is to offer so they’re going to offer you less back with your sale and you say okay well why does that happen it just does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread charges it’s generally exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment company will 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 in fact utilizing cfds yourself also an over night fee is when you’re refraining from doing that buy offer deal in the exact same day alright there’s then an over night cost charged and 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 actually buying out the etf the stock the commodity and using time one take advantage of which indicates you’re actually buying the specific possession instead of utilizing take advantage of anyway you won’t get hit with these charges but these charges are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s say if you enter into the assistance area this isn’t the overnight costs info 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 which only applies as i stated to cfds there are some additional charges obviously depending on what you are investing in too this is on your own so keep that in mind but full costs are entirely within their help information all right and we spoke about along with totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of really using these copy functions they do not have any extra costs on top of the normal charges that
exist now what you require to keep in mind though is these potentially managed by other individuals totally or in some cases have produced portfolios you have actually got a genuine individual doing the management you need to make sure you choose the individual that’s right for you similar to any line of work this is your financial properties so we absolutely require to make certain it’s the ideal individual for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple of various alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual methods i think 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 essentially have this virtual portfolio mimic as if you are utilizing your own money however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash maybe this is a great option for you once again to evaluate the theories all right you may want to purchase tesla or apple or this etf why not utilize the virtual choice as a way to type of safe play with it clearly you might have missed out on gains and losses throughout that time of course if you had invested your real money it permits you to build confidence understand the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy people 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 understand what your risk profile is now what do i mean by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of simply suggests am i okay with potentially losing an excellent quantity of this financial investment or acquiring as
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well now remember whatever is downs and ups you will make money you’ll lose money that’s why they make the fact 75 people will lose cash but that similarly means they’ll lose at some point in their journey undoubtedly individuals do earn money as well and i have actually got videos everything about how you can ensure you’re one of the people to really generate income however in this scenario ensure you research study your risk level would you be fine giving your money to someone else which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in totally if you’re somebody who isn’t wishing to be that dangerous do not select someone who’s completely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products
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like gold or even oil plus more conventional etfs and index funds you might 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 utilize this too really easily over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to really look for somebody that you fancy really following so let’s see perhaps we want someone from joined kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has satisfied that criteria and it does give you a danger element as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have quite high returns
remember it’s like anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they might make 4 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 after that you know ask you to verify are you alright with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she in fact investing in 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 market she’s got a few of mine in fact that i buy too which is great so really for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she prefers she’s also got a little bit more um of the sort of main food business and you have actually got you know pharmaceutical and production business as that. David Peddle Etoro.
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