We get htis a lot on our site the answer to Etoro Cuurency Converter….Concerns that i speak with new investors what if you’re brand new to investing you simply don’t want to decide what you in fact wish to invest and you want someone to do it for you there’s just a couple of ways that that can occur the first off you can hire a financial investment portfolio manager they’ll usually charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is naturally you can purchase mutual funds particular funds are produced 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 a total please keep in mind this platform is quite advanced you can do cfds which naturally cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform don’t just presume because 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 give that alternative as well so you really get used to the structure of the website and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re speaking about how to copy other people’s financial investments with your money so clearly your capital is at danger and we have to bear that in mind do not just do something because that person has actually said they have actually made earnings 14 months in a row invest in these choices since you believe is the ideal ones for you which being stated let’s dive straight in [Music] so the important 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 aspect that is probably.
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popular for it’s the option to see what other traders are doing amazing we do not generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of choices and generally each time they make a trade they buy they offer whatever they do your money will be imitated with it so that means 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 charges included really crucial you understand 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 some of the absolutely no fee websites then may not charge you for in fact buying and selling etfs or funds private products specific 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 kinds of costs associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to know before you actually start purchasing copy trading or copy portfolios and lastly some finest suggestions best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s start with costs really crucial to understand these now on there’s a number of charges there isn’t charges to do with really buying and selling alright so commission charges are complimentary however there are a couple of other costs the very first one is withdrawal costs so you can certainly put cash 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 however when you want to withdraw your cash so you offer 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 ensure that i’m just withdrawing when i definitely require to now you may say fine that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are just one of those choices that they have a lot of platforms certainly are 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 as soon as every six months you know depends totally how you’re investing but that is a charge to keep in mind the 2nd fee that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not an option to purchase in euros or uk and that’s great that matches 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 great with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re using trading two and 2 open market anyone at all this is standard they have i expect stuck with whatever charge they charge for that conversion rate you type of have to accept you know if you want to utilize their platform go from uk to us then that conversion fee exists what are they in fact providing 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 rather you have to pay their charges now the terrific aspect of however when you have actually converted your cash you do not need to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s actually great using that part of their site will not certainly limit you in any way however we have to be aware of 2 other charges the very first being what’s called spread costs all right and i’m going to show you what i indicate on now a spread cost as i’m going to show you
on is generally the distinction that becomes part of the financial investment platform between the buy cost and the list price okay it’s their premium on doing both those 2 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 actually indicates that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing rate of tesla is the worth 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 all over this is another manner in which they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind obviously it’s more pricey to purchase than it is to sell so they’re going to give you less back with your sale and you state all right well why does that occur 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 out costs it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit cash now the last accomplishment is called an
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over night fee now this is actually important if you’re really utilizing cfds yourself also an overnight fee is when you’re not doing that buy sell transaction in the same day okay there’s then an over night cost charged or perhaps if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which indicates you’re in fact purchasing the specific asset instead of using utilize anyway you will not get hit with these costs however these fees are if you’re using leverage and cfds and after that you’re going to have these fees 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 over night charges info you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which just applies as i said to cfds there are some service charges naturally depending upon what you are purchasing as well this is on your own so keep that in mind however full costs are entirely within their help information okay and we talked about in addition to free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of actually utilizing these copy functions they do not have any additional fees on top of the typical costs that
are there now what you require to bear in mind though is these potentially managed by other individuals totally or sometimes have created portfolios you’ve got a genuine person doing the management you need to ensure you select the person that’s right for you just like any line of work this is your financial properties so we definitely require to ensure it’s the best person for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of different alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual methods i believe 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 information or anything you can generally have this virtual portfolio simulate as if you are using your own money however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is an excellent alternative for you again to check the theories alright you may wish to purchase tesla or apple or this etf why not use the virtual option as a way to kind of safe have fun with it undoubtedly you might have lost out on gains and losses during that time obviously if you had actually invested your genuine cash it allows you to build confidence understand the platform so that’s one option for you then next week and i’m going to go back 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 remember prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk 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 investments the riskier you can be risk simply suggests am i okay with possibly losing an excellent quantity of this investment or getting as
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well now keep in mind everything is downs and ups you will generate income you’ll lose cash that’s why they make the fact 75 people will lose money however that similarly implies they’ll lose at some point in their journey undoubtedly people do make money as well and i’ve got videos all about how you can ensure you are among individuals to actually generate income however in this situation make sure you research your risk level would you be fine offering your money to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re somebody who isn’t wanting to be that risky don’t select someone who’s entirely into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong commodities
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like gold and even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really utilize this too truly quickly over here you can copy people now it will give you a great deal of choices and you can use the system to really look for somebody that you elegant in fact following so let’s see maybe we desire someone from joined kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has met that criteria and it does give you a danger factor as well so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals that have rather high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they might make 4 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 verify are you fine with this and off you go now another method to actually 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 actually buying so let’s enter 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 definitely 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 actually for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s likewise got a little bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production business as that. Etoro Cuurency Converter.
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