We get htis a lot on our site the answer to My Fees If People Copy My Trad On Etoro….Concerns that i speak with brand-new financiers what if you’re brand new to investing you simply don’t wish to choose what you in fact want to invest and you desire somebody to do it for you there’s only a number of ways that that can occur the firstly you can employ a financial investment portfolio supervisor they’ll generally charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds specific 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 too now if you’re brand new to an overall please remember this platform is rather innovative you can do cfds which of course cfds are methods of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform don’t just presume because i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they consider that choice as well so you actually get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re buying real business if you choose to in this specific video we’re speaking about how to copy other people’s financial investments with your money so clearly your capital is at danger and we have to bear that in mind do not just do something since that person has actually stated they have actually made revenue 14 months in a row invest in these choices because you believe is the best ones for you and that being stated let’s dive directly in [Music] so the important 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 aspect that is most likely.
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famous for it’s the option to see what other traders are doing unbelievable we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can in fact state i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and essentially whenever they make a trade they buy they sell whatever they do your money will be mimicked 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 cash in so we’re going to also cover is the costs involved truly important you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine companies 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 no fee sites then may not charge you for actually buying and selling etfs or funds private products individual stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of costs 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 prior to you actually begin buying copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s start with costs truly essential to understand these now on there’s a number of charges there isn’t charges to do with actually buying and selling fine so commission fees are complimentary however there are a number of other costs the first one is withdrawal charges so you can undoubtedly put cash 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 in the future however when you wish to withdraw your money so you offer your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you may say alright that’s quite 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 costs are simply one of those alternatives that they have a lot of platforms obviously are totally free 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 once every 6 months you know depends completely how you’re investing however that is a fee to remember the 2nd charge that i’ve discussed is that conversion fee now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s great that matches 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 great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading 2 and 2 free trade anyone at all this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you type of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost exists what are they in fact offering you in terms of your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and state offer me us dollars rather you need to pay their costs now the fantastic feature of though when you’ve transformed your cash you do not have to invest it right now 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 purchase 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 good using that part of their website won’t definitely limit you in any way nevertheless we need to be aware of two other fees the first being what’s called spread fees okay and i’m going to reveal you what i mean on now a spread charge as i’m going to show you
on is basically the difference that is part of the financial investment platform between the buy price and the list price fine 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 implies that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the current price of tesla is the worth of a share what’s called spread charges is the distinction then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind certainly it’s more costly to purchase 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 occur it simply does that is the nature of a lot of platforms out there there’s a difference 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 charges it’s usually incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a bit money now the last feat is called an
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over night fee now this is really crucial if you’re really using cfds yourself too an overnight cost is when you’re refraining from doing that buy offer deal in the exact same day alright there’s then an over night fee charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which indicates you’re actually purchasing the specific possession instead of utilizing leverage anyway you won’t get hit with these costs however these costs are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the same day so let’s state if you go into the aid section this isn’t the overnight costs information 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 overnight or you’re doing over weekends which just uses as i said to cfds there are some added fees obviously depending on what you are investing in as well this is on your own so keep that in mind however complete charges are totally within their aid info okay and we talked about in addition to free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product 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 in fact utilizing these copy functions they do not have any extra costs on top of the normal fees that
exist now what you need to remember though is these potentially handled by other individuals entirely or sometimes have actually produced portfolios you have actually got a real individual doing the management you have to make sure you pick the individual that’s right for you just like any kind of work this is your monetary assets so we absolutely need to ensure it’s the best person for us prior to 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 various alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your credit card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real cash possibly this is a great choice for you once again to check the theories okay you might want to buy tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe play with it obviously you might have lost out on gains and losses during that time naturally if you had invested your genuine cash it enables you to build confidence understand 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 really how to copy people and copy portfolios now here’s something to bear in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i indicate by that obviously 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 simply means am i all right with possibly losing a good quantity of this financial investment or gaining as
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well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose money but that similarly implies they’ll lose at some time in their journey undoubtedly people do generate income also and i’ve got videos all about how you can ensure you’re one of individuals to actually make money but in this circumstance make sure you research your threat level would you be fine providing your money to someone else which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re someone who isn’t wishing to be that risky do not select someone who’s totally into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products
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like gold and even oil plus more standard etfs and index funds you may 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 in fact utilize this too really quickly over here you can copy individuals now it will give you a great deal of options and you can utilize the system to in fact look for somebody that you elegant really following so let’s see possibly we want someone from joined kingdom um who invests in let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can discover everyone who has fulfilled that requirements and it does give you a risk element too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as basic 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 really 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 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 great to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine actually that i purchase too which is good so actually for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s likewise got a bit more um of the kind of main food business and you’ve got you know pharmaceutical and production companies as that. My Fees If People Copy My Trad On Etoro.
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