We get htis a lot on our site the answer to Etoro Prochart How To Do Line Of Best Fit….Questions that i speak with brand-new investors what if you’re brand new to investing you simply do not wish to choose what you actually wish to invest and you desire someone to do it for you there’s just a couple of ways that that can happen the to start with you can hire a financial investment portfolio manager they’ll usually charge a rather 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 purchase mutual funds specific funds are developed 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 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 in fact having the full amount of capital so with anything that you’re discovering please do study the platform do not simply assume since i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they give that option too so you actually 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 obviously your capital is at risk this is investing we’re doing you’re investing in genuine business if you pick to in this particular video we’re discussing how to copy other people’s financial investments with your money so certainly your capital is at threat 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 purchase these options since you believe 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 understanding 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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well-known for it’s the alternative to see what other traders are doing unbelievable we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can in fact say i want to do exactly what that trader is doing or match that precise portfolio of choices and generally every time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that suggests if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges included actually important you understand what are the expenses of this now with any platform there will be some expense 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 absolutely no charge websites then may not charge you for actually buying and selling funds or etfs specific products specific stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand prior to you really begin investing in copy trading or copy portfolios and finally some finest suggestions finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s start with fees actually important to comprehend these now on there’s a number of fees there isn’t fees to do with in fact buying and selling all right so commission costs are totally free however there are a number of other fees the very first one is withdrawal costs so you can clearly put cash in now if you’re in the uk we put our uk money.
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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 wish to withdraw your money so you offer your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m only withdrawing when i definitely require to now you might say alright that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal fees are simply 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 largely it can be maybe even once a year once every six months you understand depends totally how you’re investing however that is a fee to bear in mind the 2nd cost that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not a choice to purchase in euros or uk and that’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading two and two open market anyone at all this is standard they have actually i expect stuck to whatever charge they charge for that conversion rate you type of need to accept you know if you want to use their platform go from uk to us then that conversion charge is there what are they really providing 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 provide me us dollars instead you have to pay their costs now the excellent aspect of though when you’ve transformed your cash you do not need to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s really good using that part of their site will not certainly limit you in any way however we have to be aware of two other fees the first being what’s called spread charges fine and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is basically the difference that is part of the financial investment platform between the buy cost and the sale 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 indicates that when you want to buy or sell as you can see it’s not the price you’re seeing up here let me show you that again so the current cost of tesla is the worth of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind certainly it’s more costly to purchase than it is to offer so they’re going to provide you less back with your sale and you state all right 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 sell it and that is how they make a little bit of cash on those spread fees it’s typically 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 feat is called an
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overnight cost now this is truly essential if you’re actually using cfds yourself too an overnight fee is when you’re refraining from doing that buy offer deal in the same day fine there’s then an over night charge charged or even if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize 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 costs are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you go into the assistance area this isn’t the overnight fees information you can see exactly 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 which only applies as i stated to cfds there are some additional charges naturally depending upon what you are investing in too this is on your own so keep that in mind but full fees are totally within their assistance info alright and we talked about as well as complimentary to deposit in however there’s a five 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 cost now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of in fact using these copy functions they do not have any additional fees on top of the regular charges that
are there now what you require to keep in mind though is these possibly handled by other people totally or sometimes have actually developed portfolios you’ve got a genuine individual doing the management you need to make certain you select the individual that’s right for you just like any profession this is your financial assets so we absolutely need to make sure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of various 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 real money 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 need to put in your credit card details or anything you can generally have this virtual portfolio mimic 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 comfy with using your genuine cash maybe this is a great option for you once again to test the theories alright you might want to purchase tesla or apple or this etf why not use the virtual option as a way to kind of safe play with it clearly you may have missed out on gains and losses during that time of course if you had actually invested your real money it permits you to construct self-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 really how to copy individuals and copy portfolios now here’s something to keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat 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 possibly losing an excellent quantity of this financial investment or acquiring as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the fact 75 people will lose cash but that equally indicates they’ll lose at some point in their journey undoubtedly people do earn money as well and i have actually got videos everything about how you can make sure you’re one of the people to really earn money however in this situation ensure you research study your threat level would you be alright offering 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 someone who isn’t wanting to be that dangerous do not choose someone who’s totally into crypto or currency conversion think about it you ‘d probably 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 same with who you’re following now as i state you can in fact utilize this too actually quickly over here you can copy individuals now it will provide you a lot of options and you can use the system to actually look for someone that you fancy really following so let’s see possibly we want someone from united kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has actually fulfilled that requirements and it does provide you a threat factor too 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 people 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 somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure 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 confirm are you alright 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 in fact deep dive into what is she really 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 good to know ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is good so really for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the type of main food business and you have actually got you know pharmaceutical and production business as that. Etoro Prochart How To Do Line Of Best Fit.
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