We get htis a lot on our site the answer to Etoro Transfer Custodial Account….Concerns that i hear from new investors what if you’re brand new to investing you just don’t want to choose what you actually want to invest and you want somebody to do it for you there’s just a number of ways that that can take place the first off you can hire a financial investment portfolio manager they’ll normally charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular 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 as well now if you’re brand new to a total please keep in mind this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform don’t simply presume since i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they consider that option also so you really get utilized to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in genuine companies if you choose to in this specific video we’re speaking about how to copy other people’s financial investments with your money so obviously your capital is at danger and we have to bear that in mind do not just do something because that individual has actually stated they have actually made profit 14 months in a row buy these choices because you believe is the ideal ones for you and that being stated let’s dive directly in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one element that is most likely.
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well-known for it’s the choice to see what other traders are doing incredible we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can really say i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and generally every time they make a trade they purchase they offer whatever they do your money will be imitated with it so that suggests if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the charges involved truly vital you comprehend what are the costs of this now with any platform there will be some expense to clearly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the absolutely no charge sites then may not charge you for actually buying and selling funds or etfs specific 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 fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know prior to you really start investing in copy trading or copy portfolios and lastly some best advice best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s start with costs actually essential to understand these now on there’s a number of costs there isn’t costs to do with in fact buying and selling fine so commission fees are complimentary however there are a number of other charges the first one is withdrawal costs so you can clearly put cash in now if you remain 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 in the future but when you wish to withdraw your cash so you sell your shares you offer your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m only withdrawing when i absolutely require to now you might say alright 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 fees are just one of those options that they have a great deal of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps 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 second charge that i’ve discussed is that conversion cost now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even 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 utilizing trading two and two open market anybody this is standard they have i expect stuck to whatever fee they charge for that conversion rate you type of have to accept you understand if you wish to use their platform go from uk to us then that conversion cost is there what are they actually 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 state offer me us dollars instead you need to pay their costs now the excellent thing about though when you have actually transformed your money you do not need to invest it right away that dollar worth can sit in your portfolio as money 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 happens now with copy trading and copy portfolios there aren’t any additional fees so that’s actually excellent using that part of their site won’t certainly limit you in any way nevertheless we have to be aware of two other costs the first being what’s called spread fees all right and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is basically the distinction that is part of the investment platform in between the buy price 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 today tesla’s dollar worth 599 per share in tesla that actually implies that when you wish to sell or purchase as you can see it’s not the cost you’re seeing up here let me show you that again so the current rate of tesla is the value of a share what’s called spread fees is the difference then actually to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of make money from you every time you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase than it is to offer so they’re going to offer you less back with your sale and you state alright 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 sell it and that is how they make a little bit of money on those spread out costs it’s normally exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a little bit money now the last feat is called an
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over night cost now this is really crucial if you’re really using cfds yourself also an overnight charge is when you’re refraining from doing that buy offer transaction in the same day alright there’s then an overnight fee charged and even if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which means you’re really purchasing the exact property rather than utilizing leverage anyway you will not get hit with these charges however these fees are if you’re using leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you enter into the assistance area this isn’t the overnight costs details you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only uses as i stated to cfds there are some service charges obviously depending on what you are buying too this is on your own so keep that in mind however complete charges are entirely within their help info okay and we talked about as well as totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of actually using these copy operates they do not have any extra charges on top of the typical fees that
exist now what you require to bear in mind though is these possibly managed by other individuals completely or sometimes have created portfolios you have actually got a real person doing the management you need to make certain you choose the person that’s right for you much like any profession this is your financial assets so we absolutely require to make certain it’s the best person for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually 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 choice to invest genuine cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are using your own cash however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash possibly this is a fantastic choice for you once again to test the theories alright you might want to buy tesla or apple or this etf why not utilize the virtual choice as a way to type of safe have fun with it certainly you might have missed out on gains and losses during that time obviously if you had invested your real money it enables you to construct confidence understand the platform so that’s one choice for you then next week and i’m going to go back 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 make certain you comprehend what your danger profile is now what do i mean by that clearly 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 suggests am i okay with potentially losing a great quantity of this financial investment or getting as
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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 people will lose money but that similarly indicates they’ll lose at some point in their journey obviously individuals do make money also and i’ve got videos everything about how you can ensure you are among the people to really make money but in this scenario make sure you research your danger level would you be alright providing your cash to another person which is effectively what you’re doing and trusting them make certain you comprehend what they’re buying fully if you’re someone who isn’t wanting to be that risky don’t pick someone who’s completely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products
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like gold and even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually use this too really quickly over here you can copy individuals now it will provide you a great deal of choices and you can utilize the system to actually search for someone that you elegant really following so let’s see perhaps we want somebody from united kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everybody who has met that criteria and it does offer you a danger factor as well so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of individuals that have quite high returns
remember 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 could make four or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to verify are you all right with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she really purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is great so actually for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the kind of main food companies and you’ve got you understand pharmaceutical and production companies as that. Etoro Transfer Custodial Account.
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