We get htis a lot on our site the answer to Etoro App Australia….Questions that i speak with brand-new financiers what if you’re brand new to investing you just do not want to decide what you actually want to invest and you desire someone to do it for you there’s only a couple of manner ins which that can take place the firstly you can hire an investment portfolio manager they’ll normally charge a quite a high premium to do that possibly one or two percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are created 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 as well now if you’re brand new to an overall please keep in mind this platform is quite advanced you can do cfds which obviously cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform do not simply assume because i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they give that alternative as well so you really get utilized to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re purchasing genuine business if you select to in this particular video we’re discussing how to copy other individuals’s investments with your cash so clearly your capital is at danger and we have to bear that in mind do not just do something since that person has said they have actually made revenue 14 months in a row invest in these options since you believe is the best ones for you and that being said 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 element that is probably.
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popular for it’s the alternative to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can really say i wish to do exactly what that trader is doing or match that exact portfolio of options and basically whenever they make a trade they purchase they offer whatever they do your cash will be imitated with it so that means if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the charges involved actually important you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero fee websites then might not charge you for in fact buying and selling funds or etfs specific commodities private stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees 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 understand before you really begin purchasing copy trading or copy portfolios and finally some finest recommendations best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s start with costs actually important to understand these now on there’s a couple of costs there isn’t costs to do with in fact buying and selling all right so commission fees are complimentary however there are a number of other charges the very first one is withdrawal charges so you can obviously put cash in now if you’re 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 in the future but when you want to withdraw your money so you offer your shares you offer 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 knowing that i’m going to make sure that i’m just withdrawing when i absolutely need to now you might say all right that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are just among those options that they have a lot of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every 6 months you understand depends totally how you’re investing but that is a charge to bear in mind the 2nd fee that i’ve discussed is that conversion fee now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’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 or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading 2 and 2 open market anybody this is standard they have i expect stuck with whatever fee they charge for that conversion rate you kind of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge exists what are they in fact offering 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 state offer me us dollars instead you need to pay their charges now the excellent aspect of however when you’ve converted your money you do not have to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s really great utilizing that part of their site will not definitely restrict you in any way nevertheless we need to understand two other fees the very first being what’s called spread charges okay and i’m going to show you what i indicate on now a spread charge as i’m going to show you
on is generally the distinction that becomes part of the investment platform in between the buy rate and the price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that really indicates 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 value of a share what’s called spread charges is the distinction then really to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of benefit from you every time you do a purchaser’s share so keep that in mind certainly 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 say okay 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 wish to sell it and that is how they make a bit of money on those spread costs it’s usually incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a little bit money now the last accomplishment is called an
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over night cost now this is actually essential if you’re really utilizing cfds yourself also an overnight charge is when you’re not doing that buy offer transaction in the very same day okay there’s then an overnight cost charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which suggests you’re really purchasing the specific property rather than using leverage anyhow you won’t get hit with these charges however 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 same day so let’s say if you go into the aid area this isn’t the over night costs information you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which only uses as i said 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 costs are totally within their aid info all right and we discussed along with totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of in fact using these copy functions they do not have any additional charges on top of the regular costs that
are there now what you need to bear in mind though is these potentially handled by other individuals entirely or in some cases have actually created portfolios you have actually got a real individual doing the management you need to ensure you select the person that’s right for you just like any profession this is your monetary possessions so we definitely require to ensure it’s the best 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 option to invest real cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your charge card details or anything you can generally have this virtual portfolio imitate as if you are utilizing your own money however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money perhaps this is a fantastic alternative for you again to test the theories all right you may want to buy tesla or apple or this etf why not utilize the virtual option as a way to type of safe have fun with it undoubtedly you may have lost out on gains and losses throughout that time of course if you had actually invested your real money it allows 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 genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to remember prior to you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i indicate by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of just suggests am i alright with possibly losing a great quantity of this financial investment or gaining as
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well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose money but that similarly implies they’ll lose at some point in their journey clearly individuals do generate income too and i have actually got videos all about how you can make sure you’re one of individuals to really make money but in this scenario ensure you research study your threat level would you be fine providing your cash to someone else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re buying totally if you’re someone who isn’t wishing to be that risky don’t select someone who’s totally into crypto or currency conversion think of it you ‘d probably desire a backbone of strong products
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like gold and even oil plus more traditional 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 use this too really quickly over here you can copy people now it will provide you a great deal of options and you can use the system to actually search for someone that you expensive really following so let’s see perhaps we want somebody from united kingdom um who invests in let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everybody who has fulfilled that criteria and it does give you a risk aspect too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of people that have quite high returns
remember it resembles anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to confirm are you alright with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she in fact purchasing 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 know ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is excellent so really for me knowing what i like to purchase my individual 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 likewise got a little bit more um of the sort of primary food business and you have actually got you know pharmaceutical and production companies as that. Etoro App Australia.
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