We get htis a lot on our site the answer to Etoro Toronto Stock Exchange….Concerns that i speak with new financiers what if you’re brand new to investing you merely do not wish to choose what you actually want to invest and you want somebody to do it for you there’s just a number of manner ins which that can take place the first of all you can work with an investment portfolio supervisor they’ll generally charge a quite a high premium to do that possibly a couple of percent of your profits will go to them the other thing is obviously you can buy mutual funds specific funds are created 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 remember this platform is rather advanced you can do cfds which obviously cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re finding out about please do study the platform do not simply assume due to the fact that i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they give that option too so you in fact get utilized to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re investing in genuine business if you select to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so undoubtedly your capital is at risk and we have to bear that in mind do not just do something since that individual has actually said they have actually made earnings 14 months in a row buy these choices because you believe is the best ones for you which being said 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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popular for it’s the choice to see what other traders are doing amazing we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can actually say i wish to do exactly what that trader is doing or match that precise portfolio of options and basically every time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that implies if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs involved actually important you understand what are the expenses of this now with any platform there will be some expense to obviously these are real 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 absolutely no charge websites then may not charge you for actually buying and selling etfs or funds specific products specific stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type 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 really start purchasing copy trading or copy portfolios and lastly some finest suggestions finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s start with costs really essential to comprehend these now on there’s a couple of charges there isn’t charges to do with really buying and selling fine so commission charges are totally free however there are a couple of other fees the very first one is withdrawal charges so you can undoubtedly put cash 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 in the future however when you wish to withdraw your money so you offer your shares you offer your commodities whatever you’re offering the minimum quantity 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 ensure that i’m only withdrawing when i absolutely need to now you may state all right that’s quite 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 costs are just among those alternatives that they have a great deal of platforms certainly are totally 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 once every 6 months you know depends completely how you’re investing but that is a charge to bear in mind the second cost that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not a choice to buy in euros or uk and that’s fine that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading 2 and 2 free trade anyone at all this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you type of have to accept you know if you wish to use their platform go from uk to us then that conversion cost exists what are they really giving 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 state give me us dollars rather you need to pay their charges now the fantastic thing about though when you have actually transformed your cash you do not have to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies the preliminary 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 fees so that’s really great utilizing that part of their site won’t certainly limit you in any way however we need to know two other fees the very first being what’s called spread fees fine and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you
on is generally the difference that becomes part of the investment platform between the buy price and the price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that really implies that when you want to purchase or sell as you can see it’s not the price you’re seeing up here let me show you that once again so the existing rate of tesla is the value of a share what’s called spread charges is the distinction then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of make money from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you say all right well why does that happen it just 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 sell it which is how they make a bit of money on those spread out fees it’s typically incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a little bit money now the last feat is called an
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over night charge now this is really essential if you’re actually utilizing cfds yourself as well an overnight cost is when you’re not doing that buy sell deal in the exact same day all right there’s then an overnight cost charged and even if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one utilize which suggests you’re in fact buying the specific asset instead of using utilize anyhow you will not get hit with these charges however these fees are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the same day so let’s state if you enter into the help area this isn’t the overnight costs information you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only applies as i said to cfds there are some surcharges obviously depending upon what you are purchasing also this is on your own so keep that in mind however complete costs are entirely within their assistance details all right and we talked about in addition to free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various methods of really using these copy functions they do not have any additional fees on top of the regular fees that
exist now what you need to remember though is these potentially handled by other individuals entirely or in some cases have developed portfolios you’ve got a real person doing the management you have to make sure you choose the person that’s right for you similar to any type of work this is your financial properties so we absolutely need to make certain it’s the right individual for us before 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 various choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine 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 won’t require to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own cash however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money perhaps this is a fantastic alternative for you once again to evaluate the theories all right you may wish to purchase tesla or apple or this etf why not utilize the virtual option as a method to kind of safe have fun with it undoubtedly you may have lost out on gains and losses throughout that time of course if you had actually invested your real money it permits you to build confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to remember prior to you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i imply by that clearly 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 indicates am i okay with possibly losing a good amount of this investment or gaining as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose cash but that equally implies they’ll lose at some time in their journey certainly people do make money as well and i’ve got videos all about how you can ensure you are among individuals to actually make money however in this circumstance 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 make sure you comprehend what they’re buying completely if you’re somebody who isn’t wanting to be that risky do not select somebody who’s totally into crypto or currency conversion think about it you ‘d probably desire a backbone of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact use this too actually easily over here you can copy people now it will provide you a great deal of choices and you can utilize the system to in fact look for someone that you fancy actually following so let’s see perhaps we want somebody from unified kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds a great quantity and i can discover everybody who has fulfilled that requirements and it does provide you a danger aspect also 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 people that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they might 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 after that you know ask you to validate are you okay with this and off you go now another way to in fact deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she actually investing in 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 excellent to know ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got some of mine actually 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 companies that seems to be what she chooses she’s likewise got a little bit more um of the kind of primary food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Toronto Stock Exchange.
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