We get htis a lot on our site the answer to Etoro Wallet Spark….Questions that i hear from new financiers what if you’re brand new to investing you merely do not want to decide what you actually wish to invest and you desire someone to do it for you there’s only a number of ways that that can happen the to start with you can hire a financial investment portfolio manager they’ll typically charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is of course 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 also now if you’re brand new to a total please bear in mind this platform is quite sophisticated you can do cfds which naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t just presume due to the fact that i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they give that option as well so you really get used to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re investing in real business if you select to in this particular video we’re speaking about how to copy other people’s financial investments with your money so undoubtedly 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 revenue 14 months in a row invest in these options because you think is the right ones for you which being stated let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is most likely.
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well-known for it’s the option to see what other traders are doing amazing we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can actually state i want to do exactly what that trader is doing or match that precise portfolio of options and basically whenever they make a trade they buy they sell whatever they do your money will be imitated with it so that suggests if for instance 10 of their financial 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 involved truly critical you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly 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 absolutely no charge websites then might not charge you for actually buying and selling etfs or funds individual commodities private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering 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 costs with in particular in this video the next would be things to understand prior to you really begin buying copy trading or copy portfolios and lastly some best advice best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s begin with costs really important to understand these now on there’s a couple of charges there isn’t fees to do with actually buying and selling alright so commission costs are free however there are a couple of other fees the first one is withdrawal fees so you can obviously 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 but when you wish to withdraw your cash so you offer your shares you offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m just withdrawing when i definitely require 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 fees someplace and withdrawal fees are just one of those choices that they have a great deal of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every 6 months you know depends completely how you’re investing however that is a cost to keep in mind the 2nd fee that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not an option to buy in euros or uk which’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading 2 and two free trade anybody this is standard they have i expect stuck with whatever fee they charge for that conversion rate you kind of need 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 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 state offer me us dollars instead you need to pay their charges now the fantastic aspect of however when you have actually converted your cash you do not need to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates 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 additional charges so that’s really great using that part of their site will not certainly limit you in any way however we need to know two other charges the first being what’s called spread costs alright and i’m going to reveal you what i indicate on now a spread charge as i’m going to show you
on is basically the distinction that is part of the financial investment platform in between the buy price and the list 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 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 rate you’re seeing up here let me reveal you that again so the present rate of tesla is the value of a share what’s called spread costs is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money from you each time you do a buyer’s share so keep that in mind obviously 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 say fine 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 which is how they make a little bit of cash on those spread costs it’s normally exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a little bit money now the last task is called an
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over night fee now this is really crucial if you’re in fact utilizing cfds yourself too an over night fee is when you’re not doing that buy offer deal in the very same day fine there’s then an over night charge charged and even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which implies you’re really buying the precise asset rather than utilizing utilize anyhow you won’t get hit with these fees however these costs are if you’re using leverage 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 say if you go into the help section this isn’t the overnight fees info you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that just uses as i stated to cfds there are some surcharges naturally depending on what you are purchasing also this is on your own so keep that in mind but full costs are entirely within their aid information alright 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 commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of in fact using these copy works they don’t have any additional fees on top of the normal charges that
exist now what you need to bear in mind though is these potentially handled by other people completely or sometimes have produced portfolios you’ve got a real person doing the management you have to make certain you choose the person that’s right for you much like any line of work this is your financial assets so we definitely need to make certain it’s the ideal 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 couple of different choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money or a virtual platform virtual ways i think 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 details or anything you can generally have this virtual portfolio imitate as if you are using your own money but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine cash maybe this is a great alternative for you again to check the theories okay you may wish to purchase tesla or apple or this etf why not utilize the virtual option as a method to type of safe play with it obviously you may have missed out on gains and losses throughout that time obviously if you had invested your real money it enables you to develop self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to keep in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i imply by that undoubtedly 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 alright with potentially losing a good amount of this financial investment or acquiring as
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well now remember whatever is downs and ups you will earn money you’ll lose money that’s why they make the fact 75 people will lose cash but that similarly means they’ll lose at some time in their journey clearly people do generate income too and i have actually got videos all about how you can make sure you are among the people to actually generate income but in this scenario make sure you research your threat level would you be okay giving your cash to somebody else which is successfully what you’re doing and trusting them ensure you understand what they’re investing in fully if you’re someone who isn’t wanting to be that dangerous do not choose someone who’s entirely into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong commodities
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like gold or even oil plus more conventional etfs and index funds you might 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 really use this too really easily over here you can copy people now it will give you a lot of choices and you can utilize the system to actually look for somebody that you expensive in fact following so let’s see maybe we want someone from joined kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds a good amount and i can discover everyone who has actually fulfilled that requirements and it does provide you a risk aspect too 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
bear in mind it’s like anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to verify are you alright with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she actually buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got some of mine actually that i purchase too which is great so really for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a little bit more um of the kind of primary food companies and you’ve got you know pharmaceutical and production business as that. Etoro Wallet Spark.
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