We get htis a lot on our site the answer to How Long To Close A Trade On Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you simply don’t want to choose what you actually want to invest and you desire someone to do it for you there’s only a number of ways that that can take place the to start with you can employ a financial investment portfolio supervisor they’ll normally 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 naturally you can purchase mutual funds particular 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 keep in mind this platform is quite sophisticated you can do cfds which of course cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just presume since i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that option too so you really get used to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in genuine companies if you pick to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so clearly your capital is at danger and we need to bear that in mind do not just do something because that individual has actually said they’ve made profit 14 months in a row purchase these choices because you believe is the best ones for you and that being said let’s dive directly in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is probably.
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well-known for it’s the choice to see what other traders are doing amazing we do not normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can actually say i want to do precisely what that trader is doing or match that precise portfolio of choices and essentially whenever they make a trade they buy they offer whatever they do your money will be imitated with it so that means if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges involved 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 included and even some of the absolutely no charge sites then might not charge you for actually buying and selling etfs or funds individual commodities specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type 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 actually begin purchasing copy trading or copy portfolios and lastly some best recommendations best practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s begin with fees actually essential to comprehend these now on there’s a number of charges there isn’t fees to do with actually buying and selling fine so commission charges are free however there are a couple of other charges the very first one is withdrawal costs so you can obviously put cash in now if you’re 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 in the future but when you wish to withdraw your cash so you sell your shares you offer 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 understanding that i’m going to ensure that i’m only withdrawing when i absolutely 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 have to charge fees someplace and withdrawal charges are just among those options that they have a lot of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every six months you know depends totally how you’re investing but that is a cost to keep in mind the second fee that i’ve touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading 2 and 2 free trade anybody this is basic they have actually i expect stuck to whatever fee they charge for that conversion rate you type of have to accept you know if you wish to use their platform go from uk to us then that conversion fee exists what are they in fact offering 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 rather you need to pay their costs now the excellent thing about though when you have actually transformed your cash you do not have to invest it immediately 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 convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s actually good utilizing that part of their site won’t certainly limit you in any way however we have to understand 2 other fees the first being what’s called spread costs alright and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is essentially the distinction that is part of the financial investment platform in between the buy price and the price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that really implies that when you want to offer or purchase as you can see it’s not the price 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 costs is the distinction then in fact to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you say okay 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 want to sell it and that is how they make a little bit of money on those spread fees it’s usually incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a little bit cash now the last task is called an
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overnight cost now this is really essential if you’re in fact utilizing cfds yourself also an over night fee is when you’re refraining from doing that buy offer transaction in the exact same day fine there’s then an overnight charge charged or even if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one leverage which implies you’re really purchasing the precise asset instead of utilizing utilize anyway you will not get hit with these charges however these costs are if you’re using take advantage of 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 help section this isn’t the over night fees 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 which just applies as i said to cfds there are some service charges obviously depending upon what you are investing in as well this is on your own so keep that in mind but full fees are entirely within their help details fine and we discussed as well as free to deposit in but there’s a five 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 charge now another thing to call it as i have actually said copy trading and copy portfolios are two various ways of in fact using these copy functions they don’t have any additional charges on top of the normal fees that
are there now what you need to keep in mind though is these possibly managed by other individuals completely or often have actually created portfolios you’ve got a real individual doing the management you need to ensure you choose the person that’s right for you similar to any type of work this is your monetary possessions so we definitely need to make sure it’s the right individual for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of different choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual means i think you get yep a hundred thousand dollars to play 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 basically have this virtual portfolio mimic as if you are utilizing your own cash but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money maybe this is a terrific alternative for you again to evaluate the theories fine you might wish to purchase tesla or apple or this etf why not use the virtual choice as a way to kind of safe play with it clearly you might have missed out on gains and losses throughout that time naturally if you had actually invested your real cash it allows you to construct self-confidence comprehend 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 in fact how to copy people and copy portfolios now here’s something to keep in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i suggest by that clearly 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 risk just suggests am i okay with potentially losing a good quantity of this financial investment or getting as
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well now remember everything is ups and downs you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose money but that similarly means they’ll lose eventually in their journey obviously individuals do earn money too and i’ve got videos all about how you can make sure you’re one of the people to really earn money but in this circumstance make sure you research your risk level would you be alright offering your money to another person which is successfully what you’re doing and trusting them make certain you comprehend what they’re buying completely if you’re somebody who isn’t wanting to be that risky don’t choose someone who’s totally into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products
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like gold or even oil plus more traditional etfs and index funds you may not desire 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 actually easily over here you can copy individuals now it will give you a lot of options and you can utilize the system to actually search for someone that you elegant really following so let’s see maybe we want somebody from joined kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has met that criteria and it does offer you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns
keep in mind it resembles 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 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to validate are you alright with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she in fact investing in 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 understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine actually that i invest in too which is good so in fact for me knowing what i like to purchase my individual 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 type of main food business and you have actually got you know pharmaceutical and production companies as that. How Long To Close A Trade On Etoro.
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