We get htis a lot on our site the answer to Etoro Asx….Questions that i hear from new financiers what if you’re brand new to investing you simply do not want to choose what you actually wish to invest and you desire somebody to do it for you there’s only a couple of ways that that can occur the first off you can employ a financial investment portfolio manager they’ll generally charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific 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 too now if you’re brand new to an overall please bear in mind this platform is rather innovative you can do cfds which naturally cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform don’t simply assume because i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative too so you really get utilized to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re purchasing genuine companies if you pick to in this particular video we’re talking about how to copy other individuals’s financial investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something because that person has actually stated they’ve made revenue 14 months in a row purchase these choices due to the fact that you believe is the best ones for you and that being stated let’s dive directly 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 most likely.
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popular for it’s the choice to see what other traders are doing amazing we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can in fact state i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and generally each time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that implies if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees involved truly important you understand what are the costs of this now with any platform there will be some cost to certainly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero charge websites then may not charge you for really buying and selling funds or etfs specific products specific stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type 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 prior to you actually begin purchasing copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s begin with charges really important to comprehend these now on there’s a number of fees there isn’t fees to do with really buying and selling fine so commission fees are free however there are a number of other charges the first one is withdrawal costs so you can undoubtedly put cash in now if you remain in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your money so you sell your shares you sell your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might state all right that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are simply among those choices that they have a lot of platforms undoubtedly 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 when every 6 months you understand depends entirely how you’re investing however that is a cost to remember the second charge that i’ve touched upon is that conversion cost now with you’re handling us dollars just there’s not an option to buy in euros or uk which’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re utilizing trading 2 and two free trade anybody this is basic they have i expect stuck to whatever fee they charge for that conversion rate you kind of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge 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 bargain with them you can’t go to the bank and say offer me us dollars instead you need to pay their charges now the terrific feature of however when you have actually converted your cash you do not need to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s truly good utilizing that part of their site won’t certainly limit you in any way nevertheless we have to be aware of two other costs the first being what’s called spread fees 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 in between the buy cost 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 website today tesla’s dollar value 599 per share in tesla that in fact suggests that when you wish to sell or purchase as you can see it’s not the rate you’re seeing up here let me show you that again so the existing cost of tesla is the value of a share what’s called spread fees is the distinction then in fact to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to offer you less back with your sale and you say alright well why does that occur it simply 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 offer it which is how they make a bit of cash on those spread out charges it’s usually extremely small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a bit cash now the last task is called an
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overnight charge now this is truly important if you’re in fact utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy offer transaction in the very same day okay there’s then an overnight charge charged or perhaps if you go from the friday to the monday before cruising 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 take advantage of which means you’re actually purchasing the precise possession rather than using utilize anyway you won’t get hit with these charges however these costs are if you’re utilizing leverage and cfds and after that you’re going to have these charges if you’re not buy offering in the same day so let’s say if you go into the help section this isn’t the over night 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 added fees obviously depending upon what you are investing in also this is on your own so keep that in mind but complete charges are completely within their help details okay and we discussed in addition to totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product 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 2 various ways of really utilizing these copy works they don’t have any additional charges on top of the normal costs that
are there now what you need to bear in mind though is these possibly managed by other individuals totally or often have actually produced portfolios you have actually got a genuine individual doing the management you need to make certain you pick the individual that’s right for you much like any line of work this is your monetary assets so we absolutely need to make sure it’s the best individual 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 number of different choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your charge card information 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 comfy with using your genuine money possibly this is a great option for you once again to evaluate the theories all right you might want to buy tesla or apple or this etf why not utilize the virtual option as a method to sort of safe play with it certainly you might have missed out on gains and losses during that time obviously if you had invested your genuine cash it allows you to construct self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i indicate by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just indicates am i all right with potentially losing an excellent quantity of this financial investment or acquiring as
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well now remember whatever is ups and downs 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 at some point in their journey certainly people do make money too and i’ve got videos all about how you can ensure you’re one of individuals to in fact generate income however in this situation ensure you research study your threat level would you be okay offering your cash to someone else which is effectively what you’re doing and trusting them make sure you comprehend what they’re investing in totally if you’re someone who isn’t wanting to be that dangerous do not choose somebody who’s entirely into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong products
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like gold and even oil plus more traditional 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 in fact use this too truly quickly over here you can copy individuals now it will give you a lot of choices and you can utilize the system to really search for someone that you expensive in fact following so let’s see possibly we desire someone from joined kingdom um who buys let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a good amount and i can find everybody who has actually satisfied that requirements and it does offer you a threat factor too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have rather 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 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 understand ask you to verify are you okay with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she in fact investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine in fact that i purchase too which is great so actually for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the kind of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Etoro Asx.
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