We get htis a lot on our site the answer to Etoro Wallet Play Store….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t wish to decide what you really want to invest and you desire somebody to do it for you there’s just a number of manner ins which that can happen the to start with you can work with an investment portfolio supervisor they’ll usually 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 of course you can buy mutual funds particular funds are created once 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 a total please remember this platform is rather innovative you can do cfds which naturally 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 learning about please do study the platform do not just presume because i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they consider that alternative as well so you actually 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 risk this is investing we’re doing you’re investing in genuine business if you select to in this particular video we’re discussing how to copy other people’s investments with your cash so certainly your capital is at danger and we need to bear that in mind do not simply do something since that individual has stated they’ve made earnings 14 months in a row invest in these choices because you think is the ideal ones for you which 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 most likely.
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well-known for it’s the choice to see what other traders are doing amazing we do not usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can actually say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and generally whenever they make a trade they buy they sell whatever they do your money will be simulated with it so that means if for example 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 fees included actually critical you understand what are the costs of this now with any platform there will be some cost to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the no cost websites then may not charge you for actually buying and selling funds or etfs specific products private stocks.
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there’ll be charges 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 prior to you really begin buying copy trading or copy portfolios and finally some finest advice best practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s begin with charges really important to comprehend these now on there’s a couple of fees there isn’t charges to do with really buying and selling alright so commission costs are free however there are a number of other charges the very first one is withdrawal costs 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 however when you want to withdraw your cash so you sell 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 five dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m just withdrawing when i definitely require to now you may say okay that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are just among 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 largely it can be perhaps even once a year when every 6 months you understand depends completely how you’re investing but that is a fee to bear in mind the 2nd charge that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re utilizing trading 2 and two open market anybody this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion fee 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 bargain with them you can’t go to the bank and state provide me us dollars instead you need to pay their charges now the fantastic feature of however when you have actually transformed your cash you do not have to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s actually good using that part of their website won’t definitely restrict you in any way nevertheless we need to know two other charges the very first being what’s called spread costs fine and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you
on is basically the difference that becomes part of the investment platform between the buy rate and the sale price all right it’s their premium on doing both those two 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 implies that when you wish to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the existing rate of tesla is the worth of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind certainly 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 state okay well why does that happen it just 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 which is how they make a little bit of cash on those spread costs it’s generally extremely little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit money now the last feat is called an
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overnight cost now this is actually essential if you’re in fact utilizing cfds yourself too an over night fee is when you’re refraining from doing that buy offer deal in the very same day alright there’s then an overnight fee charged or perhaps if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one leverage which implies you’re actually purchasing the specific asset rather than using take advantage of anyhow you won’t get hit with these charges 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 selling in the very same day so let’s state if you go into the assistance area this isn’t the overnight costs information you can see exactly 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 and that just uses as i said to cfds there are some surcharges obviously depending on what you are purchasing also this is on your own so keep that in mind however full costs are completely within their help details all right and we discussed along with free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of actually utilizing these copy operates they do not have any additional charges on top of the regular costs that
are there now what you need to remember though is these possibly managed by other individuals completely or often have actually produced portfolios you’ve got a genuine person doing the management you need to make sure you pick the individual that’s right for you similar to any type of work this is your financial possessions so we definitely require to ensure it’s the best individual for us prior to 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 different choices for us firstly 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 means i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money 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 possibly this is a fantastic choice for you once again to evaluate the theories okay you might want to purchase tesla or apple or this etf why not utilize the virtual choice as a method to sort of safe play with it certainly you may have lost out on gains and losses during that time naturally if you had invested your genuine money it allows you to construct self-confidence comprehend the platform so that’s one choice 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 individuals and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i mean by that certainly 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 indicates am i alright with potentially losing a great amount of this financial investment or acquiring as
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well now keep in mind everything is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose money however that similarly means they’ll lose at some point in their journey obviously people do make money also and i have actually got videos everything about how you can make certain you are among the people to really earn money however in this situation make sure you research study your threat level would you be okay giving your cash to someone else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re investing in fully if you’re someone who isn’t wanting to be that dangerous do not pick somebody who’s completely 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 standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually use this too actually easily over here you can copy individuals now it will give you a lot of choices and you can use the system to actually look for someone that you elegant really following so let’s see possibly we want somebody from united kingdom um who purchases let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds a great quantity and i can find everybody who has fulfilled that criteria and it does provide you a danger aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have quite high returns
bear in mind it’s like 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 4 or minus 50 there’s no chance to guarantee 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 verify are you alright 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 in fact deep dive into what is she actually purchasing 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 understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got some of mine in fact that i invest in too which is good so in fact 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 appears to be what she prefers she’s also got a little bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production companies as that. Etoro Wallet Play Store.
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