We get htis a lot on our site the answer to Does Etoro Offer Dogecoin….Questions 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 wish to invest and you want someone to do it for you there’s just a number of manner ins which that can occur the firstly you can employ a financial investment portfolio manager they’ll generally charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is of course you can buy 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 too now if you’re brand new to a total please bear in mind this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform don’t simply presume because i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they consider that alternative too so you in fact get used 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 obviously your capital is at risk this is investing we’re doing you’re purchasing genuine companies if you choose to in this specific video we’re talking about how to copy other individuals’s financial investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not simply do something because that individual has actually stated they’ve made revenue 14 months in a row buy these options because you think is the best ones for you which being said let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is most likely.
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popular for it’s the option to see what other traders are doing unbelievable we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can really state i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and generally whenever they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that indicates if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges included truly critical you comprehend what are the expenses of this now with any platform there will be some cost to clearly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the zero fee sites then may not charge you for actually buying and selling etfs or funds specific commodities individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs 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 understand before you really begin buying copy trading or copy portfolios and lastly some best advice best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s kick off with costs actually essential to understand these now on there’s a couple of charges there isn’t charges to do with really buying and selling alright so commission charges are free nevertheless there are a number of other costs the very first one is withdrawal fees so you can clearly put money in now if you remain 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 but when you want to withdraw your cash 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 obviously 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 however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are just one of those choices 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 mainly it can be perhaps even once a year once every six months you understand depends completely how you’re investing but that is a fee to remember the second charge that i’ve touched upon is that conversion fee now with you’re handling us dollars just there’s not an option to buy in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m excellent 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 open market anyone at all this is standard they have i suppose stuck with whatever fee 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 is there what are they in fact 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 costs now the excellent aspect of though when you have actually converted your money you do not have to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the initial day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s really excellent using that part of their site won’t definitely limit you in any way however we have to be aware of two other costs the very first being what’s called spread fees all right and i’m going to show you what i suggest on now a spread fee as i’m going to reveal you
on is basically the difference that becomes part of the investment platform between the buy cost and the sale price fine it’s their premium on doing both those two 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 actually means that when you want to offer or purchase as you can see it’s not the rate you’re seeing up here let me show you that once again so the present cost of tesla is the worth of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you say all right well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to offer it which is how they make a little bit of money on those spread fees it’s typically exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit cash now the last feat is called an
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overnight charge now this is really crucial if you’re in fact utilizing cfds yourself as well an over night fee is when you’re not doing that buy offer transaction in the exact same day okay there’s then an overnight charge charged and even if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which implies you’re actually buying the precise asset instead of using leverage anyway you will not get hit with these costs but these costs are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s state if you enter into the aid section this isn’t the overnight charges 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 over night or you’re doing over weekends and that just uses as i stated to cfds there are some additional charges of course depending upon what you are investing in too this is on your own so keep that in mind however full fees are completely within their aid details fine and we spoke about in addition to free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of really utilizing these copy functions they do not have any additional charges on top of the regular fees that
are there now what you need to keep in mind though is these possibly handled by other individuals completely or often have created portfolios you’ve got a real person doing the management you need to ensure you pick the individual that’s right for you similar to any type of work this is your monetary properties so we definitely need to ensure it’s the right person for us before 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 choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual means 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 charge card information or anything you can basically have this virtual portfolio simulate as if you are utilizing 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 genuine cash possibly this is a fantastic option for you once again to evaluate the theories fine you might want to purchase tesla or apple or this etf why not use the virtual alternative as a way to type of safe have fun with it clearly you may have missed out on gains and losses during that time of course if you had actually invested your genuine money it permits you to construct self-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 really how to copy individuals and copy portfolios now here’s something to remember before you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i suggest by that obviously 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 simply means am i alright with possibly losing a great amount of this financial investment or acquiring 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 people will lose cash but that similarly means they’ll lose at some point in their journey clearly people do generate income as well and i’ve got videos everything about how you can make sure you’re one of individuals to actually make money but in this situation ensure you research study your threat level would you be okay providing your money to someone else which is successfully what you’re doing and trusting them make certain you comprehend what they’re buying fully if you’re someone who isn’t wanting to be that dangerous don’t pick somebody who’s totally into crypto or currency conversion think about 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 might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually utilize this too really easily over here you can copy individuals now it will offer you a great deal of choices and you can use the system to actually search for somebody that you fancy really following so let’s see perhaps we want somebody from united kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a good quantity and i can discover everyone who has actually met that requirements and it does offer you a threat factor 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 people 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 mean somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to validate are you okay with this and off you go now another way to really deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she in fact purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got a few of mine really that i invest in too which is excellent so actually for me understanding what i like to buy 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 chooses she’s also got a little bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production business as that. Does Etoro Offer Dogecoin.
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