We get htis a lot on our site the answer to How To Start Etoro….Questions that i hear from brand-new financiers what if you’re brand new to investing you simply do not want to decide what you in fact wish to invest and you desire someone to do it for you there’s only a number of ways that that can occur the first off you can employ an investment portfolio manager they’ll normally charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is naturally you can buy mutual funds particular funds are developed once 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 also now if you’re brand new to an overall please bear in mind this platform is quite advanced you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t just presume since i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they consider that choice also so you actually get used to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re investing in genuine companies if you select to in this specific video we’re talking about how to copy other people’s financial investments with your cash so certainly your capital is at danger and we have to bear that in mind do not simply do something since that individual has actually said they have actually made revenue 14 months in a row buy these choices since you believe is the best ones for you which being said 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 element that is probably.
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popular for it’s the alternative to see what other traders are doing amazing we do not 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 money we can really state i want to do exactly what that trader is doing or match that exact portfolio of options and basically whenever they make a trade they buy they sell whatever they do your cash will be imitated with it so that means if for instance 10 of their financial 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 fees involved truly vital you comprehend what are the costs of this now with any platform there will be some expense to obviously these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no fee sites then may not charge you for in fact buying and selling etfs or funds individual products individual stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing 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 charges with in particular in this video the next would be things to know prior to you really start buying copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s kick off with charges truly essential to understand these now on there’s a number of costs there isn’t costs to do with really buying and selling fine so commission charges are totally free however there are a couple of other charges the very first one is withdrawal charges so you can obviously put cash in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money so you sell your shares you offer your commodities 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 naturally knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may state okay that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are simply one of those choices that they have a great deal of platforms undoubtedly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every six months you understand depends totally how you’re investing however that is a charge to keep in mind the second fee that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not a choice to buy in euros or uk and that’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading two and 2 free trade anyone at all this is basic they have i expect stuck with whatever cost they charge for that conversion rate you sort of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge is there what are they really offering you in terms of 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 offer me us dollars rather you have to pay their fees now the fantastic thing about though when you’ve transformed your money you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests 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 extra charges so that’s really great using that part of their website won’t definitely restrict you in any way however we need to be aware of two other charges the very first being what’s called spread fees all right and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is basically the distinction that is part of the investment platform in between the buy cost 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 worth 599 per share in tesla that really implies that when you wish to purchase or offer as you can see it’s not the cost you’re seeing up here let me show you that once again so the current cost of tesla is the value of a share what’s called spread fees is the difference 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 benefit from you every time you do a buyer’s share so keep that in mind obviously it’s more expensive to buy than it is to offer so they’re going to provide you less back with your sale and you say all right well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to sell it which is how they make a little bit of money on those spread out charges it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit cash now the last task is called an
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over night charge now this is really crucial if you’re really using cfds yourself also an over night cost is when you’re not doing that buy sell transaction in the same day alright there’s then an over night cost charged or perhaps if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one take advantage of which suggests you’re in fact buying the precise property instead of using take advantage of anyhow you will not get hit with these fees however these charges are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you enter into the aid area this isn’t the overnight costs details you can see exactly 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 and that only uses as i stated to cfds there are some surcharges obviously depending upon what you are investing in as well this is on your own so keep that in mind however full fees are totally within their assistance information alright and we talked about in addition to free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of in fact utilizing these copy works they don’t have any additional costs on top of the normal charges that
exist now what you require to keep in mind though is these potentially managed by other people totally or sometimes have actually produced portfolios you have actually got a real individual doing the management you have to make sure you select the individual that’s right for you just like any type of work this is your monetary properties so we absolutely require to make sure it’s the ideal individual 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 different alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your credit card details or anything you can generally 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 comfortable with using your real money maybe this is a fantastic option for you again to test the theories alright you might want to purchase tesla or apple or this etf why not utilize the virtual option as a way to kind of safe have fun with it obviously you may have missed out on gains and losses during that time of course if you had actually invested your real money it permits you to build confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to keep in mind before you pick somebody 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 investments the riskier you can be risk simply means am i fine with possibly losing an excellent quantity of this investment or gaining as
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well now keep in mind everything is downs and ups you will make money you’ll lose money that’s why they make the figure 75 people will lose cash however that similarly implies they’ll lose at some point in their journey undoubtedly individuals do earn money too and i have actually got videos everything about how you can make certain you’re one of individuals to in fact earn money however in this situation make certain you research study your risk level would you be all right offering your cash to somebody else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re buying completely if you’re someone who isn’t wishing to be that dangerous do not choose somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely want a foundation of strong products
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like gold and even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact use this too truly easily over here you can copy people now it will provide you a great deal of choices and you can use the system to in fact search for somebody that you elegant actually following so let’s see maybe we want somebody from united kingdom um who invests in let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has fulfilled that criteria and it does offer you a danger aspect too so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of people that have quite high returns
remember it’s like 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 might make four 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 after that you know ask you to confirm are you alright with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she in fact buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got some of mine actually that i buy too which is excellent so actually for me understanding what i like to invest in 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 prefers she’s likewise got a bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production companies as that. How To Start Etoro.
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