We get htis a lot on our site the answer to Maker Vs Taker Fees Etoro Pro….Questions that i speak with new investors what if you’re brand new to investing you simply do not want to decide what you in fact wish to invest and you want somebody to do it for you there’s just a couple of manner ins which that can occur the first off you can hire a financial investment portfolio manager they’ll usually charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is of course you can purchase mutual funds specific funds are developed 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 too now if you’re brand new to a total please bear in mind this platform is quite advanced you can do cfds which naturally cfds are ways 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 do not simply assume due to the fact that i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they give that choice also 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 naturally your capital is at risk this is investing we’re doing you’re purchasing genuine business if you select to in this particular video we’re discussing how to copy other people’s financial investments with your money so undoubtedly your capital is at risk and we need to bear that in mind do not simply do something because that person has stated they’ve made earnings 14 months in a row buy these choices since you believe is the best ones for you and that being stated let’s dive directly 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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well-known for it’s the choice to see what other traders are doing unbelievable we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can actually state i wish to do precisely what that trader is doing or match that exact portfolio of choices and generally each time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that indicates 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 truly vital you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the zero fee sites then might not charge you for in fact buying and selling funds or etfs individual products specific stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges 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 before you actually begin investing in copy trading or copy portfolios and finally some best advice finest practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s begin with charges actually crucial to understand these now on there’s a couple of charges there isn’t fees to do with actually buying and selling okay so commission fees are free however there are a number of other charges the first one is withdrawal costs 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 in the future however when you wish to withdraw your money so you offer your shares you offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to make certain that i’m just withdrawing when i definitely need to now you may state 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 somewhere and withdrawal fees are simply among those alternatives that they have a great deal of platforms clearly 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 entirely how you’re investing however that is a charge to keep in mind the second charge that i have actually touched upon is that conversion charge now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’s great that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading two and two free trade anyone at all this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost is there 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 bargain with them you can’t go to the bank and state provide me us dollars rather you have to pay their charges now the terrific feature of though when you have actually converted your cash you do not need to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that implies 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 actually great using that part of their website will not definitely restrict you in any way nevertheless we have to know two other charges the very first being what’s called spread fees okay and i’m going to show you what i mean on now a spread fee as i’m going to show you
on is essentially the distinction that becomes part of the investment platform in between the buy price and the list price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that in fact implies that when you wish to purchase or sell as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing rate of tesla is the worth 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 all over this is another manner in which they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind clearly it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you state alright 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 which is how they make a little bit of cash on those spread costs it’s typically exceptionally small 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 money now the last feat is called an
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over night charge now this is truly crucial if you’re in fact using cfds yourself also an over night fee is when you’re not doing that buy offer transaction in the exact same day okay there’s then an overnight fee charged or even if you go from the friday to the monday prior to 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 leverage which implies you’re in fact purchasing the precise possession instead of utilizing take advantage of anyway you won’t get hit with these costs but these fees are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you go into the assistance section this isn’t the overnight fees info 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 and that only uses as i said to cfds there are some additional charges obviously depending upon what you are investing in also this is on your own so keep that in mind but complete costs are entirely within their assistance details alright and we discussed along with complimentary to deposit in but there’s a 5 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 ways of actually utilizing these copy functions they do not have any extra fees on top of the regular fees that
exist now what you need to bear in mind though is these potentially managed by other people completely or sometimes have actually created portfolios you’ve got a genuine person doing the management you have to make sure you pick the person that’s right for you similar to any profession this is your financial properties so we absolutely need to make sure it’s the right person for us prior to 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 to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is a great choice for you once again to test the theories okay you may wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to sort of safe play with it obviously you may have lost out on gains and losses throughout that time of course if you had actually invested your real cash it enables you to build self-confidence understand the platform so that’s one alternative 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 keep in mind before you pick someone 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 mean by that obviously 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 implies am i alright with possibly losing an excellent quantity of this investment or getting as
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well now keep in mind everything is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 people will lose money however that equally indicates they’ll lose at some time in their journey clearly individuals do earn money also and i’ve got videos everything about how you can make sure you’re one of the people to actually make money however in this scenario make sure you research your threat level would you be alright giving your cash to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re someone who isn’t wishing to be that risky don’t choose somebody who’s entirely into crypto or currency conversion consider it you ‘d probably want a backbone of strong commodities
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like gold and even oil plus more conventional etfs and index funds you might not want 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 really quickly over here you can copy individuals now it will offer you a great deal of choices and you can use the system to in fact search for somebody that you expensive in fact following so let’s see perhaps we desire someone from joined kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everybody who has fulfilled that criteria and it does give you a danger element too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not mean someone 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 simple as clicking the copy button and off you go and then you understand ask you to validate are you fine with this and off you go now another method to actually deep dive if we click this person for instance 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 little bit so that’s excellent 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 in fact that i purchase too which is excellent so actually for me knowing what i like to buy 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 prefers she’s also got a bit more um of the sort of main food business and you have actually got you know pharmaceutical and production companies as that. Maker Vs Taker Fees Etoro Pro.
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