We get htis a lot on our site the answer to Etoro Trading Tutorials….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t want to decide what you really wish to invest and you want someone to do it for you there’s only a couple of ways that that can happen the first off you can hire an investment portfolio manager they’ll normally charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is naturally you can buy mutual funds particular funds are developed 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 bear in mind this platform is rather sophisticated you can do cfds which of course 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 finding out about please do study the platform don’t simply assume because 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 alternative also so you in fact get used to the structure of the site 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 investing in genuine companies if you pick to in this particular video we’re talking about how to copy other people’s financial investments with your money so obviously your capital is at threat and we have to bear that in mind do not simply do something since that person has actually said they’ve made earnings 14 months in a row invest in these choices since you think is the right ones for you and that being stated let’s dive straight 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 amazing we do not normally 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 money we can really state i want to do precisely what that trader is doing or match that exact portfolio of choices and essentially every time they make a trade they buy they offer whatever they do your money will be imitated with it so that means 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 also cover is the costs involved actually critical you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero cost websites then might not charge you for in fact buying and selling etfs or funds specific commodities individual stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know before you in fact begin purchasing copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s start with fees truly crucial to understand these now on there’s a couple of charges there isn’t costs to do with really buying and selling all right so commission fees are complimentary however there are a couple of other fees the first one is withdrawal fees so you can certainly 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 but when you want to withdraw your cash so you offer your shares you sell your commodities whatever you’re selling the minimum quantity 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 make certain that i’m only withdrawing when i absolutely need to now you may say fine that’s rather expensive 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 simply among those choices 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 maybe even once a year when every six months you know depends completely how you’re investing however that is a fee to keep in mind the 2nd fee that i’ve discussed is that conversion fee now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’s fine that suits 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 good with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading 2 and two open market anybody this is standard they have i expect stuck with whatever charge they charge for that conversion rate you type of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge exists what are they really 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 instead you have to pay their fees now the terrific aspect of though when you have actually converted your money you do not have to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s really good utilizing that part of their website will not definitely restrict you in any way nevertheless we need to be aware of two other costs the first being what’s called spread fees fine and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is generally the difference that belongs to the financial investment platform in between the buy cost and the sale price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that actually implies that when you want to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current price of tesla is the worth of a share what’s called spread fees is the distinction then really 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 benefit from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you state okay well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread out costs it’s generally exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit money now the last task is called an
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over night cost now this is actually important if you’re actually using cfds yourself too an over night charge is when you’re refraining from doing that buy sell deal in the same day fine there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one leverage which implies you’re really purchasing the precise possession instead of utilizing leverage anyhow you won’t get hit with these fees however these charges are if you’re utilizing utilize and cfds and after that you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you enter into the assistance section this isn’t the over night charges info you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that only uses as i said to cfds there are some service charges naturally depending on what you are buying as well this is on your own so keep that in mind however complete costs are entirely within their help info okay and we talked about as well as totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal 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 in fact utilizing these copy works they do not have any additional costs on top of the typical charges that
exist now what you need to remember though is these possibly managed by other individuals entirely or often have produced portfolios you have actually got a genuine individual doing the management you have to make certain you select the individual that’s right for you much like any kind of work this is your monetary assets so we definitely need to make sure it’s the ideal person for us before 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 various alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual ways 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 details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money maybe this is an excellent option for you again to evaluate the theories alright you may want to buy tesla or apple or this etf why not use the virtual choice as a way to type of safe play with it obviously you may have lost out on gains and losses during that time naturally if you had actually invested your real money it permits you to build 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 in fact how to copy people and copy portfolios now here’s something to remember prior to you select someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i suggest 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 risk just means am i alright with possibly losing a good quantity of this investment or gaining 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 figure 75 people will lose money however that equally indicates they’ll lose at some point in their journey undoubtedly people do earn money too and i’ve got videos everything about how you can make certain you’re one of individuals to actually generate income but in this scenario make sure you research study your danger level would you be all right giving your money to someone else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re purchasing totally if you’re somebody who isn’t wishing to be that dangerous don’t select someone who’s entirely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong products
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like gold and even 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 truly easily over here you can copy people now it will offer you a great deal of options and you can utilize the system to in fact look for someone that you fancy in fact following so let’s see perhaps we desire someone from united kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has fulfilled that criteria and it does provide you a risk element as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of people that have quite high returns
remember it resembles anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to validate are you okay 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 in fact 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 great to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got some of mine really that i purchase too which is good 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 great spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production companies as that. Etoro Trading Tutorials.
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