We get htis a lot on our site the answer to Does Etoro Gain With Exchange Rate….Questions that i hear from brand-new financiers what if you’re brand new to investing you just don’t want to choose what you really want to invest and you want somebody to do it for you there’s just a couple of manner ins which that can occur the firstly you can employ a financial investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is of course you can purchase mutual funds particular funds are created once 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 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 total of capital so with anything that you’re finding out about please do study the platform don’t simply assume since i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they give that choice also so you actually get utilized to the structure of the site and then 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 buying genuine business if you choose to in this specific video we’re talking about how to copy other individuals’s investments with your money so clearly your capital is at danger and we need to bear that in mind do not just do something because that individual has said they’ve made earnings 14 months in a row buy these options since you think is the right ones for you and that being stated let’s dive straight 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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famous for it’s the option to see what other traders are doing extraordinary we don’t 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 really state i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and basically whenever they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that indicates if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges included really vital you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine business 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 charge sites then may not charge you for actually buying and selling etfs or funds private commodities individual stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing 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 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 finally some finest recommendations finest practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s kick off with fees really important to understand these now on there’s a couple of charges there isn’t fees to do with in fact buying and selling all right so commission fees are free however there are a couple of other fees the first one is withdrawal fees so you can undoubtedly put money 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 on however when you want to withdraw your cash so you sell your shares you sell your products whatever you’re selling the minimum quantity 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 sure that i’m only withdrawing when i definitely need to now you might state okay that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are simply one of those alternatives 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 mainly it can be perhaps even once a year as soon as every 6 months you know depends completely how you’re investing but that is a fee to remember the second charge that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not a choice to buy in euros or uk and that’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 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 anybody so if you’re utilizing trading two and two free trade anybody this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you know if you wish to use their platform go from uk to us then that conversion charge exists what are they really offering 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 say give me us dollars instead you need to pay their charges now the terrific thing about however when you have actually transformed your cash you do not have 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 buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s actually good using that part of their site will not certainly limit you in any way nevertheless we need to know two other charges the first being what’s called spread costs okay and i’m going to reveal you what i imply on now a spread charge as i’m going to show you
on is essentially the difference that becomes part of the financial investment platform in between the buy rate and the price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that in fact indicates that when you want to purchase or sell as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing cost of tesla is the value of a share what’s called spread fees is the distinction 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 percentage of benefit from you every time you do a buyer’s share so keep that in mind certainly it’s more costly to buy than it is to sell so they’re going to provide you less back with your sale and you state fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you want to sell it which is how they make a bit of money on those spread out fees it’s generally incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit money now the last feat is called an
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overnight fee now this is actually important if you’re in fact using cfds yourself also an over night charge is when you’re not doing that buy offer deal in the very same day all right there’s then an over night fee charged and even if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one utilize which indicates you’re really buying the specific possession instead of using utilize anyway you won’t get hit with these charges but these costs are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the exact same day so let’s state if you enter into the help area this isn’t the overnight charges details 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 just uses as i stated to cfds there are some service charges naturally depending on what you are purchasing also this is on your own so keep that in mind but complete costs are completely within their assistance information alright and we talked about as well as totally 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 whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of actually utilizing these copy functions they do not have any additional charges on top of the normal charges that
exist now what you require to bear in mind though is these potentially handled by other people totally or in some cases have created portfolios you have actually got a genuine person doing the management you need to make sure you select the individual that’s right for you much like any type of work this is your monetary assets so we absolutely need to make sure it’s the ideal person for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of various alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real 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 credit card details or anything you can essentially have this virtual portfolio imitate as if you are using your own cash but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash possibly this is a fantastic option for you once again to check the theories all right you might wish to buy tesla or apple or this etf why not use the virtual option as a way to kind of safe play with it certainly you may have lost out on gains and losses throughout that time naturally if you had invested your real cash it allows you to build confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually 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 make sure you understand what your threat 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 risk simply indicates am i all right with possibly losing an excellent quantity of this investment or gaining as
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well now keep in mind everything is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 people will lose cash however that similarly implies they’ll lose eventually in their journey certainly people do make money too and i have actually got videos all about how you can ensure you’re one of the people to actually generate income but in this circumstance make sure you research your danger level would you be alright giving your money to somebody else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re investing in completely if you’re someone who isn’t wanting to be that dangerous do not choose somebody who’s completely into crypto or currency conversion consider it you ‘d most likely want a foundation 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 very same with who you’re following now as i say you can really utilize this too actually quickly over here you can copy people now it will give you a great deal of choices and you can utilize the system to in fact search for somebody that you expensive actually following so let’s see maybe we want somebody from united kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has actually fulfilled that criteria and it does offer you a threat factor as well 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 individuals that have quite high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to ensure 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 validate are you alright 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 really 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 bit so that’s excellent to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine really that i invest in too which is excellent 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 companies that appears to be what she prefers she’s likewise got a little bit more um of the kind of main food business and you have actually got you know pharmaceutical and production business as that. Does Etoro Gain With Exchange Rate.
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