We get htis a lot on our site the answer to Etoro Pro Saying I Have Hundreds Of Thousands Of Dollars….Questions that i hear from new investors what if you’re brand new to investing you simply do not want to choose what you really want to invest and you desire someone to do it for you there’s only a number of ways that that can occur the first of all you can hire an investment portfolio supervisor they’ll generally charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is obviously you can buy mutual funds specific 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 an overall please bear in mind this platform is quite innovative you can do cfds which obviously cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re learning more about 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 play around with it even invest with virtual cash they consider that choice too so you actually 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 naturally your capital is at danger this is investing we’re doing you’re purchasing real business if you pick to in this particular video we’re talking about how to copy other people’s financial investments with your cash so obviously your capital is at threat and we need to bear that in mind do not simply do something since that person has said they have actually made earnings 14 months in a row purchase these choices because you think is the ideal ones for you and that 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 probably.
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famous for it’s the choice to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can actually say i want to do precisely what that trader is doing or match that precise portfolio of choices and basically each time they make a trade they buy they sell whatever they do your money will be imitated with it so that suggests 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 involved actually vital 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 websites then might not charge you for really buying and selling funds or etfs individual commodities private stocks.
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there’ll be charges 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 reveal you the costs with in particular in this video the next would be things to understand prior to you in fact begin buying 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 advanced investor so let’s begin with fees actually essential to comprehend these now on there’s a number of costs there isn’t fees to do with actually buying and selling okay so commission costs are complimentary however there are a number of other costs the first one is withdrawal fees so you can obviously put money in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money so you offer your shares you offer 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 make sure that i’m only withdrawing when i absolutely need to now you may say okay that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are simply among those alternatives 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 largely it can be perhaps even once a year as soon as every six months you understand depends entirely how you’re investing but that is a fee to keep in mind the 2nd cost that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and two open market anybody this is basic they have actually i expect stuck with whatever cost they charge for that conversion rate you type of need 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 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 provide me us dollars rather you have to pay their fees now the fantastic thing about though when you’ve converted your money you do not need to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means the initial day that you purchase or convert 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 excellent utilizing that part of their site will not definitely limit you in any way however we have to understand two other fees the first being what’s called spread costs all right and i’m going to show you what i imply on now a spread cost as i’m going to reveal you
on is essentially the distinction that belongs to the investment platform between the buy rate and the price fine 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 implies that when you want to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current cost of tesla is the worth of a share what’s called spread fees is the difference then actually to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of benefit from you every time you do a buyer’s share so keep that in mind clearly it’s more costly to buy than it is to sell so they’re going to provide you less back with your sale and you state okay well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to offer it and that is how they make a little bit of cash on those spread out costs 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 once again make a bit money now the last accomplishment is called an
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over night cost now this is truly essential if you’re really utilizing cfds yourself as well an overnight cost is when you’re not doing that buy offer transaction in the very same day okay 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 only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which means you’re really buying the specific asset instead of utilizing leverage anyhow you will not get hit with these costs but these charges are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you go into the help area 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 which only uses as i stated to cfds there are some additional charges obviously depending upon what you are purchasing also this is on your own so keep that in mind but complete charges are completely within their aid information alright and we talked about as well as totally free to deposit in however 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 two different ways of in fact utilizing these copy works they don’t have any extra fees on top of the typical costs that
exist now what you require to bear in mind though is these potentially managed by other individuals totally or sometimes have actually created portfolios you have actually got a genuine individual doing the management you have to ensure you pick the person that’s right for you much like any line of work this is your financial possessions so we absolutely need to make certain it’s the best 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 options for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual means 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 credit card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash perhaps this is a great option for you again to test the theories all right you might want to purchase tesla or apple or this etf why not use the virtual option as a method to kind of safe have fun with it certainly you may have lost out on gains and losses throughout that time naturally if you had actually invested your real money it allows you to develop self-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 really how to copy individuals and copy portfolios now here’s something to remember before you pick someone 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 imply by that certainly 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 run the risk of just means am i alright with possibly losing an excellent quantity of this financial investment or gaining as
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well now remember everything is downs and ups you will earn money you’ll lose cash that’s why they make the fact 75 people will lose money however that equally implies they’ll lose at some point in their journey clearly people do earn money too and i have actually got videos everything about how you can make sure you are among the people to really earn money however in this scenario make certain you research your risk level would you be alright providing your money to another person which is successfully what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re somebody who isn’t wanting to be that risky do not choose someone who’s totally into crypto or currency conversion think about it you ‘d most likely want a foundation of strong products
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like gold or perhaps 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 state you can really utilize this too actually 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 somebody that you elegant in fact following so let’s see possibly we want someone from united kingdom um who buys let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has satisfied that criteria and it does provide you a danger factor too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of individuals that have quite high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to validate are you okay with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually investing in 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 great to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got some of mine actually that i invest in too which is excellent so in fact for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s likewise got a bit more um of the sort of primary food business and you’ve got you understand pharmaceutical and production business as that. Etoro Pro Saying I Have Hundreds Of Thousands Of Dollars.
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