We get htis a lot on our site the answer to How To Access Etoro Wallet….Concerns that i speak with brand-new investors what if you’re brand new to investing you just don’t want to choose what you really want to invest and you desire somebody to do it for you there’s only a number of ways that that can happen the to start with you can work with a financial investment portfolio manager they’ll usually 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 specific funds are created 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 too now if you’re brand new to an overall please bear in mind this platform is rather sophisticated you can do cfds which of course cfds are methods 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 don’t simply assume because 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 choice too so you actually get used to the structure of the website and after that when you’re ready to utilize 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 buying real companies if you pick to in this particular video we’re discussing how to copy other people’s investments with your cash so obviously your capital is at threat and we need to bear that in mind do not simply do something because that person has actually stated they have actually made profit 14 months in a row invest in these options because you believe is the right ones for you which being said let’s dive directly 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 aspect that is most likely.
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famous for it’s the choice to see what other traders are doing amazing we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can really state i want to do exactly what that trader is doing or match that exact portfolio of choices and basically every time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that implies if for instance 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 charges involved actually critical you understand what are the costs of this now with any platform there will be some cost to certainly 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 zero fee sites then might not charge you for actually buying and selling funds or etfs specific commodities specific stocks.
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there’ll be fees on other parts possibly 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 show you the fees with in particular in this video the next would be things to know prior to you in fact begin buying copy trading or copy portfolios and lastly some best advice best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with fees really crucial to understand these now on there’s a number of costs there isn’t fees to do with actually buying and selling alright so commission fees are free however there are a number of other costs the very first one is withdrawal fees so you can obviously put money 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 later however when you want to withdraw your cash so you offer 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 understanding that i’m going to make sure that i’m only withdrawing when i definitely require to now you might say alright that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are just one of those choices that they have a lot of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every six months you know depends entirely how you’re investing however that is a fee to keep in mind the second charge that i have actually touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading 2 and two open market anyone at all this is basic they have actually i expect stuck with whatever cost they charge for that conversion rate you kind of need to accept you understand if you want to use their platform go from uk to us then that conversion cost exists what are they actually offering 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 say give me us dollars rather you need to pay their charges now the fantastic aspect of though when you’ve transformed your money you do not need to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that implies the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually great utilizing that part of their website will not 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 indicate on now a spread charge as i’m going to reveal you
on is generally the difference that belongs to the investment platform in between the buy rate and the list 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 indicates that when you wish to purchase or offer as you can see it’s not the price you’re seeing up here let me show you that once again so the present rate of tesla is the worth of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll find this all over this is another manner in which they make a small amount of benefit from you every time you do a purchaser’s share so keep that in mind clearly it’s more pricey to buy than it is to sell so they’re going to give you less back with your sale and you state fine 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 want to sell it which is how they make a bit of money on those spread out fees it’s normally exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit money now the last task is called an
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overnight cost now this is really crucial if you’re really using cfds yourself as well an over night cost is when you’re refraining from doing that buy sell transaction in the very same day all right there’s then an over night cost charged or even if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which indicates you’re really buying the specific asset instead of using take advantage of anyway you won’t get hit with these costs but these fees 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 enter into the aid section this isn’t the overnight fees info you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that just applies as i stated to cfds there are some additional charges naturally depending upon what you are buying as well this is on your own so keep that in mind however complete fees are entirely within their aid details fine and we discussed along with totally 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 whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of actually using these copy functions they don’t have any extra charges on top of the typical charges that
are there now what you need to remember though is these possibly managed by other individuals completely or in some cases have produced portfolios you have actually got a real individual doing the management you need to make sure you pick the individual that’s right for you much like any kind of work this is your monetary properties 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 couple of different alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual means 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 need to put in your credit card information or anything you can basically have this virtual portfolio mimic as if you are using your own cash but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money perhaps this is a terrific option for you again to evaluate the theories okay you might want to purchase tesla or apple or this etf why not use the virtual alternative as a method to type of safe have fun with it certainly you might have lost out on gains and losses throughout that time of course if you had actually invested your genuine cash it allows you to develop 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 people and copy portfolios now here’s something to bear in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i imply by that undoubtedly 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 just implies am i alright with possibly losing a great amount of this financial investment or acquiring as
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well now keep in mind everything is ups and downs you will make money you’ll lose money that’s why they make the figure 75 people will lose money but that equally indicates they’ll lose at some point in their journey clearly individuals do earn money as well and i’ve got videos everything about how you can ensure you are among the people to really generate income however in this scenario make certain you research study your threat level would you be all right providing your cash to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in fully if you’re somebody who isn’t wanting to be that dangerous don’t choose somebody who’s totally into crypto or currency conversion consider it you ‘d most likely want a foundation of strong products
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like gold or even oil plus more conventional 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 utilize this too really easily over here you can copy people now it will provide you a lot of choices and you can utilize the system to actually search for someone that you expensive actually following so let’s see maybe we want somebody from joined kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everyone who has met that criteria and it does provide you a risk factor 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 predictions of the future this does not mean someone will make 56 for you for the next 12 months they might 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 after that you understand ask you to confirm are you okay with this and off you go now another way to really deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she actually investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a 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 a few of mine actually that i purchase too which is excellent 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 business that seems to be what she chooses she’s also got a bit more um of the type of primary food companies and you have actually got you know pharmaceutical and production business as that. How To Access Etoro Wallet.
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