We get htis a lot on our site the answer to How To Navigate Etoro….Questions that i hear from new financiers what if you’re brand new to investing you simply don’t wish to choose what you actually want to invest and you desire someone to do it for you there’s only a couple of ways that that can happen the first of all you can work with a financial investment portfolio manager they’ll normally charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is of course you can buy mutual funds particular funds are developed 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 remember this platform is rather sophisticated you can do cfds which obviously cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform don’t just presume because i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they consider that option also so you actually get used to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re purchasing real business if you pick to in this particular video we’re discussing how to copy other people’s investments with your money so certainly your capital is at risk and we need to bear that in mind do not simply do something since that person has actually stated they’ve made profit 14 months in a row invest in these choices because you think is the ideal ones for you which being said 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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popular for it’s the option to see what other traders are doing extraordinary we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can really state i wish to do exactly what that trader is doing or match that exact portfolio of choices and basically each time they make a trade they buy they sell whatever they do your money will be imitated with it so that suggests if for example 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 likewise cover is the charges included really crucial you comprehend what are the costs of this now with any platform there will be some expense to clearly 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 a few of the no charge sites then might not charge you for in fact buying and selling etfs or funds individual 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 type of fees 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 before you really start purchasing copy trading or copy portfolios and finally some finest guidance best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s begin with costs truly crucial to comprehend these now on there’s a number of charges there isn’t fees to do with actually buying and selling all right so commission costs are complimentary however there are a couple of other fees the first one is withdrawal costs 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 however when you want to withdraw your cash so you offer your shares you sell your products 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 naturally understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might say alright that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are simply one of those options that they have a lot of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every 6 months you know 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 only there’s not an alternative to buy in euros or uk which’s great that fits 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 excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading two and two free trade anybody this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you sort of have 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 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 state provide me us dollars rather you have to pay their costs now the terrific thing about though when you’ve converted your money you do not need to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s truly great using that part of their site will not definitely restrict you in any way nevertheless we have to understand two other fees the very first being what’s called spread fees alright and i’m going to show you what i indicate on now a spread charge as i’m going to show you
on is generally the distinction that becomes part of the financial investment platform between the buy rate and the list price all right 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 in fact indicates that when you want to purchase or offer as you can see it’s not the price 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 actually to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of profit 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 offer so they’re going to offer you less back with your sale and you state okay well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it and that is how they make a little bit of cash on those spread out fees it’s typically extremely small it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit cash now the last accomplishment is called an
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overnight cost now this is truly crucial if you’re really using cfds yourself too an over night fee is when you’re refraining from doing that buy offer deal in the exact same day okay there’s then an over night fee charged or even if you go from the friday to the monday prior to cruising 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 utilize which indicates you’re actually purchasing the precise possession rather than using take advantage of anyway you won’t get hit with these charges however these fees are if you’re utilizing take advantage of and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you go into the assistance area this isn’t the over night costs details you can see exactly the breakdown and it’ll inform 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 applies as i stated to cfds there are some additional charges obviously depending upon what you are purchasing too this is on your own so keep that in mind however full charges are totally within their help info alright and we spoke about as well as free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two various methods of in fact utilizing these copy functions they do not have any additional costs on top of the regular fees that
are there now what you need to keep in mind though is these possibly handled by other people entirely or in some cases have actually developed portfolios you’ve got a genuine person doing the management you have to ensure you select the individual that’s right for you just like any profession this is your financial assets so we definitely require to ensure it’s the right person for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of different choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine 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 will not need to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own cash but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is an excellent alternative for you again to evaluate the theories alright you might wish to purchase tesla or apple or this etf why not use the virtual choice as a method to sort of safe play with it clearly you might have missed out on gains and losses during that time of course if you had actually invested your real cash it enables you to build self-confidence comprehend the platform so that’s one option 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 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 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 risk just suggests am i all right with potentially losing a good amount of this financial investment or acquiring as
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well now remember everything is ups and downs you will earn money you’ll lose cash that’s why they make the figure 75 people will lose money but that similarly indicates they’ll lose at some time in their journey obviously people do make money as well and i have actually got videos all about how you can make sure you’re one of the people to in fact generate income however in this scenario make certain you research your danger level would you be all right offering your cash to someone else which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re somebody who isn’t wanting to be that risky do not choose someone who’s completely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong commodities
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like gold and even oil plus more standard 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 say you can in fact utilize this too actually quickly over here you can copy people now it will provide you a great deal of options and you can use the system to really search for somebody that you expensive really following so let’s see maybe we want someone from joined kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a good amount and i can find everyone who has actually met that requirements and it does give you a risk factor too 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
bear in mind it resembles anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to validate are you okay with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she actually investing in 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 good to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is great so in fact 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 likewise got a little bit more um of the kind of primary food business and you have actually got you understand pharmaceutical and production companies as that. How To Navigate Etoro.
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