We get htis a lot on our site the answer to Etoro Live Chat….Questions that i hear from new financiers what if you’re brand new to investing you simply don’t wish to decide what you actually want to invest and you desire someone to do it for you there’s just a number of manner ins which that can take place the to start with you can hire a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is of course you can buy mutual funds particular funds are created once 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 as well now if you’re brand new to a total please keep in mind this platform is rather advanced you can do cfds which naturally cfds are methods of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform don’t just presume since 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 give that choice too so you in fact get used to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in genuine business if you choose to in this specific video we’re talking about how to copy other people’s financial investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not just do something because that person has actually stated they’ve made profit 14 months in a row purchase these options since you believe is the ideal ones for you which being said let’s dive directly 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’s part of social trading which is one aspect that is probably.
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well-known for it’s the alternative to see what other traders are doing unbelievable we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can actually say i want to do precisely what that trader is doing or match that specific portfolio of choices and generally each time they make a trade they buy they sell whatever they do your money will be imitated with it so that indicates 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 costs included really important you understand what are the costs of this now with any platform there will be some expense to obviously these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the zero charge websites then may not charge you for really buying and selling funds or etfs private products private 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 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 prior to you in fact start buying copy trading or copy portfolios and lastly some finest suggestions best practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s begin with fees actually crucial to comprehend these now on there’s a couple of charges there isn’t charges to do with actually buying and selling okay so commission charges are complimentary however there are a couple of other charges the first one is withdrawal charges so you can clearly put money 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 later on but when you wish to withdraw your money 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 5 dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m only withdrawing when i absolutely require to now you may say fine that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are simply one of those options that they have a lot of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every six months you understand depends totally how you’re investing however that is a cost to remember the second cost that i have actually touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading 2 and 2 free trade anybody this is basic they have actually i expect stuck to whatever cost 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 cost is there what are they actually 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 say give me us dollars rather you need to pay their fees now the terrific thing about however when you’ve transformed your money you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s truly great utilizing that part of their site won’t certainly restrict you in any way however we need to understand two other charges the first being what’s called spread fees okay and i’m going to show you what i mean on now a spread charge as i’m going to show you
on is basically the difference that becomes part of the financial investment platform between the buy price and the price alright it’s their premium on doing both those 2 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 implies that when you want to purchase or sell as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current rate of tesla is the worth of a share what’s called spread fees is the distinction then really to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of benefit from you every time you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you state okay well why does that happen it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it and that is how they make a bit of money on those spread out charges it’s typically extremely little it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit money now the last task is called an
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over night fee now this is really important if you’re really using cfds yourself as well an overnight cost is when you’re refraining from doing that buy offer transaction in the exact same day all right there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one leverage which indicates you’re in fact purchasing the exact asset rather than using utilize anyhow you will not get hit with these fees but these charges 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 same day so let’s state if you enter into the assistance section this isn’t the over night costs 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 and that just applies as i said to cfds there are some added fees naturally depending upon what you are purchasing also this is on your own so keep that in mind however complete charges are totally within their help information alright and we spoke about along with free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product 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 two different methods of really using these copy functions they don’t have any extra charges on top of the normal fees that
exist now what you require to bear in mind though is these possibly managed by other people totally or in some cases have developed portfolios you have actually got a real individual doing the management you have to make certain you select the person that’s right for you much like any kind of work this is your financial properties so we definitely require to make sure it’s the right person for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a number of various choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can basically have this virtual portfolio simulate as if you are using your own money but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine cash perhaps this is a fantastic choice for you once again to test the theories fine you may want to buy tesla or apple or this etf why not use the virtual alternative as a method to sort of safe have fun with it undoubtedly you may have missed out on gains and losses throughout that time obviously if you had invested your real cash it enables you to construct self-confidence understand the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to remember before 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 mean by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk simply suggests am i alright with potentially losing a good amount of this investment or gaining as
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well now keep in mind everything is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 people will lose money however that equally indicates they’ll lose at some point in their journey certainly individuals do earn money too and i have actually got videos all about how you can ensure you’re one of individuals to really generate income however in this scenario make certain you research study your threat level would you be okay giving your money to another person which is effectively what you’re doing and trusting them make sure you comprehend what they’re buying completely if you’re someone who isn’t wishing to be that risky don’t choose someone who’s completely into crypto or currency conversion think about it you ‘d most likely want a foundation of strong commodities
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like gold or perhaps oil plus more conventional 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 really use this too really quickly over here you can copy people now it will give you a great deal of options and you can use the system to actually search for somebody that you elegant really following so let’s see perhaps we desire somebody from unified kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can discover everybody who has met that criteria and it does give you a threat factor also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
bear 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 four or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to validate are you all right with this and off you go now another way to actually deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she in fact purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is excellent so actually for me knowing what i like to invest in 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 bit more um of the type of primary food business and you have actually got you know pharmaceutical and production companies as that. Etoro Live Chat.
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