We get htis a lot on our site the answer to How Does Etoro Store Your Crypto….Concerns that i hear from new investors what if you’re brand new to investing you just do not want to decide what you in fact want to invest and you want someone to do it for you there’s only a couple of manner ins which that can occur the first off you can hire a financial investment portfolio supervisor they’ll generally charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular funds are produced 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 also now if you’re brand new to an overall please remember this platform is quite advanced you can do cfds which obviously cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning more about please do study the platform don’t just assume because i utilize 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 option as well so you actually get utilized to the structure of the site and then when you’re ready to use your own cash 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 companies if you choose to in this specific video we’re talking about how to copy other people’s investments with your money so certainly your capital is at risk and we have to bear that in mind do not just do something since that person has stated they’ve made profit 14 months in a row buy these choices because you think is the right ones for you which being stated let’s dive straight 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 aspect that is most likely.
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famous for it’s the choice to see what other traders are doing extraordinary we don’t usually 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 wish to do exactly what that trader is doing or match that precise portfolio of choices and generally every time they make a trade they purchase they sell whatever they do your money will be imitated with it so that means 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 actually crucial you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly 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 some of the no cost websites then might not charge you for really buying and selling etfs or funds individual 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 charges 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 actually begin investing in copy trading or copy portfolios and finally some finest recommendations best practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s begin with fees actually crucial to comprehend these now on there’s a couple of charges there isn’t fees to do with actually buying and selling okay so commission charges are complimentary nevertheless there are a number of other fees the first one is withdrawal charges so you can clearly put cash in now if you remain in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash so you sell your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course understanding that i’m going to ensure that i’m only withdrawing when i definitely require to now you may say fine that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are just one of those alternatives that they have a lot of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every 6 months you know depends completely how you’re investing however that is a fee to bear in mind the second fee that i have actually discussed is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk which’s great 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 good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and two open market anybody this is standard they have actually i suppose stuck to whatever charge they charge for that conversion rate you type of need to accept you understand if you want to use their platform go from uk to us then that conversion cost is there what are they in fact offering 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 provide me us dollars rather you have to pay their charges now the fantastic feature of however when you have actually transformed your money you do not have to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that means the initial day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s truly excellent using that part of their website won’t certainly limit you in any way nevertheless we have to understand 2 other fees the very first being what’s called spread costs all right and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you
on is generally the distinction that belongs to the investment platform between the buy rate 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 site right now tesla’s dollar value 599 per share in tesla that in fact suggests that when you want to offer or buy 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 value of a share what’s called spread fees is the difference then actually to purchase that share on the platform and you’ll find this everywhere this is another way that they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind obviously it’s more expensive to purchase than it is to sell so they’re going to provide you less back with your sale and you state fine well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a bit of money on those spread costs it’s typically exceptionally little 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 cash now the last task is called an
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overnight cost now this is actually important if you’re actually using cfds yourself also an overnight fee is when you’re not doing that buy sell deal in the exact same day okay there’s then an over night charge charged or perhaps if you go from the friday to the monday prior to sailing 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 take advantage of which indicates you’re actually purchasing the exact possession instead of utilizing take advantage of anyhow you will not get hit with these charges however these costs are if you’re using utilize and cfds and after that you’re going to have these charges if you’re not buy selling in the same day so let’s state if you enter into the help section this isn’t the overnight fees information you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which just uses as i said to cfds there are some surcharges obviously depending on what you are investing in also this is on your own so keep that in mind however full charges are totally within their assistance details alright and we discussed along with free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of in fact using these copy works they do not have any extra fees on top of the typical costs that
exist now what you need to bear in mind 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 certain you pick the individual that’s right for you much like any type of work this is your financial possessions so we absolutely need to ensure it’s the best person for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a number of various alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest real 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 will not need to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are using your own money but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money possibly this is a terrific option for you once again to check the theories alright you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to kind of safe play with it certainly you may have lost out on gains and losses throughout that time obviously if you had actually invested your real money it permits 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 genuine portfolio here now we’re going to deep dive in fact 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 risk simply suggests am i okay with potentially losing a good amount of this financial investment or acquiring as
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well now keep in mind whatever is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 individuals will lose money but that similarly indicates they’ll lose eventually in their journey undoubtedly people do generate income also and i’ve got videos all about how you can make sure you are among individuals to in fact generate income however in this scenario make certain you research your danger level would you be all right offering your money to someone else which is successfully what you’re doing and trusting them make sure you understand what they’re investing in completely if you’re somebody who isn’t wanting to be that dangerous don’t pick someone who’s totally into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold and even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually use this too actually quickly over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to really look for somebody that you expensive in fact following so let’s see perhaps we want somebody from joined kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds a good quantity and i can find everybody who has actually satisfied that criteria and it does give you a risk element as well 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 individuals that have quite high returns
remember it resembles anything to do with the news or forecasts of the future this does not indicate someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to confirm are you okay with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can really 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 good to know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got some of mine really 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 an excellent spread in tech companies that seems to be what she chooses she’s also got a bit more um of the kind of primary food companies and you have actually got you understand pharmaceutical and production companies as that. How Does Etoro Store Your Crypto.
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