We get htis a lot on our site the answer to Etoro Copy Portfolio Fees….Questions that i hear from brand-new investors what if you’re brand new to investing you simply don’t wish to choose what you really wish to invest and you want somebody to do it for you there’s only a couple of ways that that can occur the firstly you can work with an investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps a couple of percent of your profits 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 rather sophisticated you can do cfds which of course cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning about please do study the platform don’t simply presume since i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they consider that choice as well so you in fact get used 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 naturally your capital is at danger this is investing we’re doing you’re investing in genuine business if you choose to in this specific video we’re discussing how to copy other people’s investments with your cash so obviously your capital is at threat and we have to bear that in mind do not simply do something since that individual has said they’ve made earnings 14 months in a row buy these options due to the fact that you believe is the right ones for you and that being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one element that is most likely.
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popular for it’s the alternative to see what other traders are doing amazing we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means 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 essentially every time they make a trade they purchase they sell whatever they do your cash will be imitated 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 fees included actually important you understand what are the expenses of this now with any platform there will be some expense to clearly 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 no cost sites then might not charge you for in fact buying and selling funds or etfs specific products individual stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 in fact begin buying copy trading or copy portfolios and finally some finest advice best practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s begin with fees truly crucial to understand these now on there’s a couple of costs there isn’t fees to do with in fact buying and selling okay so commission fees are totally free nevertheless there are a number of other charges 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 in the future however when you want to withdraw your cash so you sell your shares you sell your products 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 of course understanding that i’m going to ensure that i’m only withdrawing when i absolutely need to now you might state okay 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 options that they have a great deal of platforms clearly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every six months you understand depends completely how you’re investing however that is a charge to keep in mind the 2nd charge that i have actually discussed is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk and that’s great that fits 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 utilize anyone so if you’re utilizing trading two and 2 free trade anybody this is standard they have i expect stuck with whatever cost they charge for that conversion rate you type of have to accept you know if you wish to utilize their platform go from uk to us then that conversion charge exists what are they actually giving 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 give me us dollars rather you need to pay their costs now the great thing about however when you’ve transformed your cash you do not need to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s really great using that part of their site will not definitely limit you in any way however we need to be aware of two other fees the very first being what’s called spread costs fine and i’m going to show you what i mean on now a spread cost as i’m going to show you
on is basically the distinction that belongs to the financial investment platform between the buy rate and the list price okay 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 value 599 per share in tesla that in fact implies that when you want 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 present price of tesla is the value of a share what’s called spread costs is the distinction then in fact to buy that share on the platform and you’ll find 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 obviously it’s more pricey to buy than it is to offer so they’re going to give you less back with your sale and you say alright well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread out charges it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit money now the last feat is called an
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overnight charge now this is truly essential if you’re actually using cfds yourself too an over night charge is when you’re not doing that buy sell deal in the same day okay there’s then an overnight charge charged and even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re really purchasing the specific asset rather than utilizing utilize anyway you will not get hit with these costs but these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you enter into the aid area this isn’t the over night costs details you can see precisely the breakdown and it’ll inform 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 only uses as i stated to cfds there are some additional charges naturally depending on what you are investing in also this is on your own so keep that in mind but complete fees are entirely within their assistance details okay and we spoke about in addition to totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of in fact utilizing these copy works they don’t have any extra fees on top of the regular charges that
are there now what you require to bear in mind though is these potentially managed by other individuals completely or often have created portfolios you’ve got a genuine person doing the management you have to ensure you select the person that’s right for you just like any profession this is your monetary possessions so we absolutely need to make sure it’s the best individual 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 different options for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your charge card details or anything you can generally have this virtual portfolio mimic as if you are using your own cash however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is a great option for you once again to evaluate the theories okay you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe play with it obviously you might have lost out on gains and losses during that time of course if you had invested your genuine money it allows you to develop confidence understand 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 in fact how to copy people and copy portfolios now here’s something to bear in mind before you pick somebody 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 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 just means am i alright with possibly losing an excellent amount of this financial investment or getting as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose money but that equally indicates they’ll lose at some time in their journey obviously people do generate income as well and i’ve got videos everything about how you can make certain you are among the people to actually make money however in this circumstance make sure you research study your danger level would you be alright providing your cash to somebody else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re buying completely if you’re someone who isn’t wishing to be that risky do not select somebody who’s completely into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong commodities
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like gold or even oil plus more standard 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 in fact use this too really quickly over here you can copy individuals now it will provide you a great deal of options and you can use the system to in fact search for someone that you elegant really following so let’s see possibly we desire someone from unified kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everyone who has met that criteria and it does give you a danger element also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety 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 imply someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to validate are you all right with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she really buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got a few of mine actually that i buy too which is great so in fact for me understanding what i like to buy 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 chooses she’s likewise got a bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Copy Portfolio Fees.
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