We get htis a lot on our site the answer to Most Copied Traders Etoro….Concerns that i speak with new financiers what if you’re brand new to investing you simply do not want to decide what you actually wish to invest and you desire somebody to do it for you there’s only a couple of manner ins which that can happen the first off you can work with a financial investment portfolio manager they’ll typically charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can purchase mutual funds specific funds are developed 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 keep in mind this platform is quite sophisticated you can do cfds which obviously 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 discovering please do study the platform don’t simply assume due to the fact that i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that choice also so you really 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 threat this is investing we’re doing you’re purchasing real companies if you select to in this particular video we’re discussing how to copy other people’s financial investments with your money so certainly your capital is at risk and we have to bear that in mind do not just do something because that person has actually said they have actually made profit 14 months in a row purchase these options since you believe is the best ones for you which being stated 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 element that is most likely.
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popular for it’s the option to see what other traders are doing amazing we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can actually state i wish to do precisely what that trader is doing or match that precise portfolio of choices and generally each time they make a trade they purchase they offer whatever they do your money will be simulated with it so that suggests 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 likewise cover is the costs included really important you understand what are the costs of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the absolutely no cost sites then may not charge you for in fact buying and selling etfs or funds individual products specific 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 type of costs 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 start buying copy trading or copy portfolios and lastly some best recommendations finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s start with fees really essential to comprehend these now on there’s a couple of charges there isn’t costs to do with really buying and selling alright so commission costs are totally free nevertheless there are a couple of other charges the first one is withdrawal costs so you can certainly put money in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you wish 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 obviously knowing that i’m going to make certain that i’m only withdrawing when i absolutely require to now you may state all right that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are just among those choices that they have a great deal of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every 6 months you know depends completely how you’re investing however that is a cost to remember the second fee that i have actually touched upon is that conversion charge now with you’re handling us dollars only there’s not a choice to purchase in euros or uk and that’s fine 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 or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading two and 2 open market anyone at all this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you kind of have to accept you understand if you want to utilize their platform go from uk to us then that conversion fee exists what are they actually providing 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 offer me us dollars rather you have to pay their charges now the terrific aspect of however when you’ve converted your cash you do not have to invest it immediately that dollar value can being in your portfolio as cash 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 takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s really excellent using that part of their website will not certainly limit you in any way however we have to be aware of 2 other costs the first being what’s called spread charges all right and i’m going to reveal you what i indicate on now a spread cost as i’m going to show you
on is essentially the difference that is part of the investment platform between the buy rate and the list price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that actually means that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me show you that once again so the existing price of tesla is the value of a share what’s called spread fees is the distinction then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of profit from you each time you do a purchaser’s share so keep that in mind certainly 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 state okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to sell it which is how they make a little bit of money on those spread costs it’s typically extremely little it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit money now the last accomplishment is called an
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over night fee now this is actually essential if you’re in fact using cfds yourself too an over night charge is when you’re refraining from doing that buy offer deal in the exact same day fine there’s then an overnight fee charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which implies you’re in fact buying the specific asset instead of utilizing leverage anyhow you will not get hit with these charges but these charges are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the exact same day so let’s state if you enter into the aid section this isn’t the overnight costs information you can see precisely 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 only applies as i said to cfds there are some service charges naturally depending on what you are investing in as well this is on your own so keep that in mind but full fees are entirely within their aid info alright and we discussed as well as complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of in fact using these copy works they do not have any extra costs on top of the regular fees that
are there now what you require to keep in mind though is these possibly handled by other individuals entirely or sometimes have actually created portfolios you have actually got a real person doing the management you have to make sure you choose the individual that’s right for you similar to any profession this is your financial assets so we definitely require to make certain it’s the best person for us before we copy them so the first things i would call it if you do want to use this function we’ve got a couple of different choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual methods i believe 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 generally have this virtual portfolio simulate as if you are using your own money however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real cash maybe this is an excellent choice for you again to evaluate the theories all right you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe have fun with it certainly you might have lost out on gains and losses throughout that time obviously if you had actually invested your genuine cash it enables you to construct 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 actually how to copy individuals and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i indicate 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 run the risk of simply indicates am i okay with potentially losing an excellent amount of this investment or getting as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose cash however that equally implies they’ll lose at some time in their journey certainly individuals do earn money also and i’ve got videos everything about how you can ensure you are among individuals to really earn money but in this circumstance make sure you research your threat level would you be alright offering your cash to somebody else which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing fully if you’re somebody who isn’t wanting to be that risky don’t select someone who’s completely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong commodities
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like gold and 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 in fact utilize this too truly quickly over here you can copy individuals now it will offer you a lot of choices and you can use the system to really search for somebody that you expensive actually following so let’s see maybe we want somebody from united kingdom um who purchases 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 find everyone who has met that criteria and it does provide you a risk factor too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns
remember it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to confirm are you all right with this and off you go now another way to in fact deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she really 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 understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine really that i invest in too which is great so in fact for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she chooses she’s likewise got a little bit more um of the type of primary food business and you have actually got you know pharmaceutical and production companies as that. Most Copied Traders Etoro.
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