We get htis a lot on our site the answer to Etoro App For Android….Concerns that i speak with brand-new financiers what if you’re brand new to investing you just don’t wish to decide what you really wish to invest and you want someone to do it for you there’s just a number of ways that that can take place the first of all you can employ an investment portfolio supervisor they’ll usually charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is obviously 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 an overall please bear in mind this platform is quite sophisticated you can do cfds which obviously cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform do not just presume since i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that option as well so you really get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re buying real business if you pick to in this particular video we’re talking about how to copy other individuals’s financial investments with your cash so obviously your capital is at risk and we have to bear that in mind do not just do something since that person has said they have actually made profit 14 months in a row invest in these options since you think is the best ones for you which being stated let’s dive straight in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one element that is most likely.
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famous for it’s the choice to see what other traders are doing incredible we do not normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can really state i wish to do exactly what that trader is doing or match that specific portfolio of choices and essentially whenever they make a trade they purchase they sell whatever they do your money will be simulated with it so that indicates if for instance 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 truly important 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 a few of the no charge websites then might not charge you for actually buying and selling funds or etfs specific commodities individual stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type 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 before you in fact start purchasing copy trading or copy portfolios and lastly some finest recommendations finest practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s begin with costs really important 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 costs are complimentary however there are a couple of other costs the first one is withdrawal costs so you can clearly put money in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you wish 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 of course understanding that i’m going to make sure that i’m just withdrawing when i absolutely need to now you may say alright that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are just among those choices 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 mostly it can be maybe even once a year once every 6 months you know depends completely how you’re investing however that is a fee to bear in mind the second cost that i’ve touched upon is that conversion cost now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying 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 using trading 2 and two open market anybody this is basic they have i suppose stuck to whatever cost they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion cost is there what are they in fact providing you in regards to 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 give me us dollars instead you have to pay their fees now the excellent aspect of however when you have actually transformed your cash you do not have to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary 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 fees so that’s truly good utilizing that part of their website will not definitely restrict you in any way nevertheless we need to be aware of 2 other costs the very first being what’s called spread charges okay and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is generally the difference that belongs to the financial investment platform between the buy rate and the price alright 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 actually means that when you want to sell or purchase as you can see it’s not the price you’re seeing up here let me show you that once again so the present rate of tesla is the worth of a share what’s called spread fees is the difference then really to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind obviously it’s more expensive to buy than it is to offer so they’re going to offer you less back with your sale and you say fine well why does that happen it just 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 sell it and that is how they make a bit of cash on those spread charges it’s usually extremely small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit cash now the last accomplishment is called an
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overnight fee now this is really important if you’re actually using cfds yourself as well an overnight cost is when you’re not doing that buy sell deal in the same day alright there’s then an overnight cost charged and even if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which means you’re in fact buying the specific asset instead of utilizing leverage anyway you won’t get hit with these fees but these costs 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 enter into the help area this isn’t the overnight charges information you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that just applies as i stated to cfds there are some surcharges naturally depending upon what you are investing in also this is on your own so keep that in mind but full fees are entirely within their help information okay and we talked about along with free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever 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 various ways of actually utilizing these copy functions they do not have any extra costs on top of the typical fees that
are there now what you require to bear in mind though is these possibly handled by other people entirely or in some cases have actually produced portfolios you’ve got a genuine individual doing the management you have to ensure you choose the person that’s right for you similar to any type of work this is your monetary possessions so we definitely require to make certain it’s the ideal person for us prior to 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 different alternatives for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money 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 require to put in your credit card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own money but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real cash perhaps this is a terrific choice for you again to check the theories okay you may want to buy tesla or apple or this etf why not use the virtual choice as a method 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 genuine cash it enables you to construct self-confidence comprehend the platform so that’s one choice 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 bear in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain 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 financial investments the riskier you can be risk simply means am i fine with possibly losing a great amount of this financial investment or gaining as
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well now keep in mind whatever is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose cash but that similarly suggests they’ll lose eventually in their journey clearly individuals do make money also and i’ve got videos everything about how you can make certain you are among the people to really generate income however in this scenario make sure you research study your risk level would you be okay providing your cash to another person 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 wishing to be that risky don’t select someone who’s entirely into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually utilize this too really quickly over here you can copy individuals now it will offer you a great deal of choices and you can utilize the system to really search for somebody that you elegant actually following so let’s see possibly we desire somebody from united kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can discover everybody who has met that criteria and it does offer you a risk aspect too so it tends to be the higher 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 predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to confirm are you all right with this and off you go now another way to in fact deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she really purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is good 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 companies that appears to be what she prefers she’s also got a bit more um of the type of primary food business and you’ve got you know pharmaceutical and production companies as that. Etoro App For Android.
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