We get htis a lot on our site the answer to Gann Fan Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply don’t wish to choose what you actually wish to invest and you want somebody to do it for you there’s just a number of manner ins which that can occur the to start with you can employ an investment portfolio manager they’ll usually charge a rather a high premium to do that maybe one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds particular funds are produced 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 keep in mind this platform is rather advanced 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 learning about please do study the platform do not simply assume because i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that choice as well so you in fact get used to the structure of the website 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 danger this is investing we’re doing you’re purchasing genuine business if you pick to in this specific 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 need to bear that in mind do not just do something because that person has actually said they’ve made revenue 14 months in a row buy these choices since you believe is the best ones for you which being stated let’s dive directly in [Music] The 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 element that is probably.
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popular for it’s the alternative to see what other traders are doing amazing we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of choices and generally whenever they make a trade they buy they sell whatever they do your cash will be mimicked with it so that suggests if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges included truly vital you understand what are the costs of this now with any platform there will be some expense to clearly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no fee websites then might not charge you for actually buying and selling funds or etfs specific commodities specific stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges 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 know prior to you in fact begin purchasing copy trading or copy portfolios and finally some finest advice best practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s kick off with costs really crucial to understand these now on there’s a couple of charges there isn’t charges to do with really buying and selling alright so commission costs are complimentary nevertheless there are a number of other costs the first one is withdrawal charges so you can undoubtedly 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 later on however when you wish to withdraw your cash so you offer 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 5 dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m just withdrawing when i definitely need to now you might state alright that’s rather costly 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 just among those choices that they have a great deal of platforms certainly are totally 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 when every 6 months you understand depends completely how you’re investing however that is a fee to remember the second fee that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk which’s fine that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading 2 and 2 open market anyone at all this is standard they have actually i expect stuck to whatever charge they charge for that conversion rate you type of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge is there what are they actually providing you in terms of 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 rather you have to pay their charges now the great thing about however when you have actually converted your cash you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the preliminary day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s truly great utilizing that part of their site won’t definitely restrict you in any way nevertheless we need to know 2 other charges the very first being what’s called spread charges all right and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you
on is generally the distinction that becomes part of the financial investment platform in between the buy rate and the price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that really suggests that when you want to sell or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present price of tesla is the value of a share what’s called spread fees is the difference then actually to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase than it is to sell so they’re going to offer you less back with your sale and you state all right well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to offer it and that is how they make a bit of money on those spread out costs it’s usually exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit cash now the last task is called an
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over night fee now this is truly important if you’re actually utilizing cfds yourself also an overnight cost is when you’re not doing that buy offer transaction in the very same day all right there’s then an overnight cost charged and even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which implies you’re really purchasing the precise property rather than using take advantage of anyway you will not get hit with these charges however these fees are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you go into the aid section this isn’t the over night fees info 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 additional charges naturally depending on what you are buying as well this is on your own so keep that in mind however complete fees are completely within their aid details alright and we talked about in addition to totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are two various ways of in fact using these copy operates they do not have any extra costs on top of the normal charges that
are there now what you need to keep in mind though is these possibly managed by other people completely or often have developed portfolios you’ve got a genuine individual doing the management you need to make sure you pick the person that’s right for you much like any kind of work this is your monetary possessions so we absolutely require to make certain it’s the ideal person for us prior to 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 different 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 option to invest genuine money 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 won’t need to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are using your own cash but really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money possibly this is a terrific choice for you once again to test the theories okay you might want to purchase tesla or apple or this etf why not use the virtual choice as a way to type of safe have fun with it clearly you might have missed out on gains and losses during that time obviously if you had invested your genuine cash it permits you to build confidence understand the platform so that’s one alternative 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 people and copy portfolios now here’s something to keep in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i suggest by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just means am i all right with possibly losing a great quantity of this investment or gaining as
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well now keep in mind everything is downs and ups you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose cash however that equally suggests they’ll lose eventually in their journey obviously people do generate income as well and i’ve got videos everything about how you can ensure you are among individuals to really generate income but in this situation make sure you research study your danger level would you be all right 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 dangerous don’t pick someone who’s entirely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong commodities
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like gold or perhaps oil plus more traditional 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 state you can actually use this too truly easily over here you can copy people now it will give you a lot of choices and you can use the system to really search for someone that you fancy really following so let’s see possibly we want somebody from unified kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has actually met that requirements and it does offer you a risk element also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of people that have rather 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 could make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to validate are you fine with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she in fact 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 great to know 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 invest in too which is great so really for me understanding what i like to purchase 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 chooses she’s also got a little bit more um of the sort of main food companies and you’ve got you understand pharmaceutical and production companies as that. Gann Fan Etoro.
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