We get htis a lot on our site the answer to Solium Shareworks To Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you merely don’t want to choose what you actually want to invest and you want somebody to do it for you there’s just a couple of ways that that can occur the first of all you can employ an investment portfolio manager they’ll typically charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is naturally you can purchase mutual funds specific funds are produced 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 innovative 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 don’t just assume since 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 give that option also so you in fact get used to the structure of the website and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying real companies if you pick to in this specific video we’re speaking about how to copy other people’s financial investments with your money so obviously your capital is at danger and we have to bear that in mind do not just do something since that individual has actually said they have actually made earnings 14 months in a row invest in these options since you think is the ideal ones for you and that being stated let’s dive straight 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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well-known for it’s the alternative to see what other traders are doing incredible we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can actually state i want to do exactly what that trader is doing or match that specific portfolio of choices and essentially every time they make a trade they buy they offer 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 likewise cover is the costs involved really important you comprehend what are the costs of this now with any platform there will be some expense to certainly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the zero fee sites then might not charge you for actually buying and selling funds or etfs private products private stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges 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 understand prior to you really start buying copy trading or copy portfolios and finally some finest suggestions best practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s kick off with fees truly important to comprehend these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling okay so commission fees are free nevertheless there are a number of other charges the very first one is withdrawal costs so you can obviously put money 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 but when you want to withdraw your cash so you sell your shares you sell your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m only withdrawing when i absolutely require to now you may state fine 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 somewhere and withdrawal costs are simply among those options that they have a lot of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every 6 months you know depends totally how you’re investing but that is a cost to bear in mind the second fee that i have actually discussed is that conversion fee now with you’re handling us dollars only there’s not a choice to purchase in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading two and two free trade anybody this is basic they have i expect stuck to whatever cost they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion cost is there what are they actually providing you in regards to 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 say offer me us dollars rather you need to pay their costs now the fantastic aspect of however when you have actually converted your money you do not need to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that means the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s really excellent utilizing that part of their website won’t definitely limit you in any way nevertheless we need to be aware of two other costs the first being what’s called spread costs fine and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you
on is basically the distinction that is part of the investment platform between the buy price and the sale price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that really indicates that when you wish to offer or purchase 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 worth 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 manner in which they make a small amount of make money from you every time you do a purchaser’s share so keep that in mind clearly it’s more expensive to buy than it is to offer so they’re going to offer 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 distinction in between if you’re buying it then you want to sell it which is how they make a little bit of cash on those spread fees it’s usually incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit cash now the last accomplishment is called an
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overnight charge now this is really essential if you’re actually using cfds yourself also an overnight fee is when you’re not doing that buy sell deal in the very same day fine there’s then an overnight cost charged and even if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which indicates you’re in fact purchasing the exact asset rather than using utilize anyhow you will not get hit with these charges but these fees are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you enter into the aid area this isn’t the over night charges information you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which just applies as i said to cfds there are some added fees naturally depending on what you are purchasing also this is on your own so keep that in mind however full charges are completely within their assistance information fine and we talked about in addition to totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of really utilizing these copy works they don’t have any additional costs on top of the typical charges that
are there now what you require to remember though is these potentially handled by other people completely or often have actually created portfolios you have actually got a real individual doing the management you have to make certain you pick the individual that’s right for you similar to any line of work this is your monetary possessions so we definitely require to make certain it’s the right person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a couple of different alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways 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 require to put in your credit card details or anything you can basically have this virtual portfolio mimic as if you are utilizing your own cash but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money possibly this is a terrific alternative for you again to evaluate the theories all right you might want to buy tesla or apple or this etf why not use the virtual choice as a way to kind of safe have fun with it clearly you may have missed out on gains and losses throughout that time of course if you had actually invested your genuine money it allows 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 genuine 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 understand what your threat 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 financial investments the riskier you can be risk just suggests am i fine with potentially losing a great quantity of this financial investment or getting as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the fact 75 people will lose money however that equally suggests they’ll lose eventually in their journey undoubtedly people do earn money as well and i’ve got videos all about how you can make sure you’re one of the people to actually generate income however in this scenario ensure you research study your threat level would you be okay offering your money to someone else which is successfully what you’re doing and trusting them make sure you understand what they’re buying totally if you’re someone who isn’t wishing to be that dangerous don’t select someone who’s completely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong commodities
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like gold or even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact 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 provide you a lot of choices and you can utilize the system to in fact look for somebody that you fancy in fact 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 gained a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everybody who has actually met that criteria and it does offer you a threat aspect also 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 individuals that have rather high returns
remember it’s like anything to do with the news or predictions of the future this does not suggest somebody 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 simple as clicking the copy button and off you go and after that you know ask you to verify are you all right with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she really investing in so let’s enter into portfolio and you can see she’s rather 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 market she’s got some of mine in fact that i buy too which is good so in fact for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s also got a little bit more um of the type of primary food companies and you have actually got you know pharmaceutical and production companies as that. Solium Shareworks To Etoro.
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