We get htis a lot on our site the answer to Etoro Uk Vs Etoro Australia….Questions that i speak with new investors what if you’re brand new to investing you merely don’t want to decide what you really want to invest and you desire somebody to do it for you there’s only a couple of ways that that can take place the first of all you can hire an investment portfolio manager they’ll generally charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is obviously you can purchase mutual funds particular funds are produced once 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 too now if you’re brand new to a total please remember this platform is rather innovative you can do cfds which of course cfds are methods of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform do not simply assume due to the fact that 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 money they consider that choice too so you in fact get used to the structure of the website 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 buying genuine business if you pick to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so clearly your capital is at threat and we need to bear that in mind do not just do something because that individual has stated they have actually made profit 14 months in a row purchase these options because you think is the best 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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popular for it’s the option to see what other traders are doing extraordinary we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can in fact state i wish to do exactly what that trader is doing or match that precise portfolio of options and essentially each time they make a trade they buy they offer whatever they do your cash will be simulated 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 money in so we’re going to also cover is the charges included truly crucial 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 a few of the absolutely no fee websites then may not charge you for actually buying and selling etfs or funds private 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 costs associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand prior to you really start buying copy trading or copy portfolios and lastly some finest suggestions best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s kick off with charges really crucial to comprehend these now on there’s a couple of charges there isn’t fees to do with really buying and selling okay so commission fees are totally free however there are a number of other costs the first one is withdrawal charges 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 in the future however when you wish to withdraw your cash so you offer your shares you sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m only withdrawing when i definitely need to now you may state okay that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are simply among 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 mainly it can be maybe even once a year when every six months you know depends totally how you’re investing but that is a cost to bear in mind the second fee that i’ve discussed is that conversion fee now with you’re dealing in us dollars just there’s not an option to buy in euros or uk which’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 good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading two and 2 open market anyone at all this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you kind of have to accept you know if you wish to use their platform go from uk to us then that conversion charge is there 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 need to pay their fees now the fantastic feature of though when you have actually converted your money you do not need to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s really excellent utilizing that part of their website will not certainly restrict you in any way nevertheless we have to know two other charges the very first being what’s called spread charges all right and i’m going to show you what i indicate on now a spread cost as i’m going to reveal you
on is basically the distinction that becomes part of the investment platform between the buy cost and the price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact suggests that when you want to offer or purchase as you can see it’s not the cost you’re seeing up here let me show you that again so the existing price of tesla is the worth of a share what’s called spread costs is the distinction then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to sell 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 between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread costs it’s generally extremely small it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit money now the last task is called an
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overnight fee now this is really important if you’re in fact using cfds yourself also an overnight fee is when you’re not doing that buy sell transaction in the same day okay there’s then an over night cost charged or perhaps 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 product and using time one leverage which indicates you’re actually purchasing the exact asset instead of using leverage anyway you won’t get hit with these fees however these charges are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you enter into the help section this isn’t the over night costs 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 overnight or you’re doing over weekends which just uses as i said to cfds there are some surcharges of course depending upon what you are purchasing too this is on your own so keep that in mind however full fees are completely within their help information alright and we spoke about as well as totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different ways of actually utilizing these copy functions they do not have any additional fees on top of the regular fees that
are there now what you need to keep in mind though is these potentially managed by other people entirely or in some cases have actually created portfolios you’ve got a real individual doing the management you have to make sure you select the person that’s right for you similar to any type of work this is your financial properties 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 want to utilize 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 methods 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 information or anything you can essentially have this virtual portfolio simulate as if you are using your own cash but in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money perhaps this is an excellent choice for you once again to evaluate the theories alright you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe have fun with it certainly you might have lost out on gains and losses during that time of course if you had invested your genuine money it allows you to develop confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i indicate by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of simply means am i okay with potentially losing a good quantity of this investment or acquiring as
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well now remember whatever is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 people will lose money however that equally indicates they’ll lose eventually in their journey obviously individuals do earn money also and i have actually got videos everything about how you can ensure you’re one of individuals to really generate income but in this situation make sure you research your danger level would you be alright providing your cash to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re buying fully if you’re someone who isn’t wishing to be that risky do not select someone who’s completely into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may 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 in fact use this too truly quickly over here you can copy people now it will offer you a great deal of choices and you can utilize the system to in fact search for somebody that you expensive really following so let’s see maybe we desire somebody from unified kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds a great quantity and i can find everyone who has met that requirements and it does offer you a threat element as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to validate are you okay with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she actually 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 absolutely like sort of into those blue box and the tech market she’s got a few of mine really that i buy too which is great so actually for me understanding 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 prefers she’s also got a bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production business as that. Etoro Uk Vs Etoro Australia.
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