We get htis a lot on our site the answer to Trading Etoro Discord….Questions that i speak with new investors what if you’re brand new to investing you simply do not wish to decide what you in fact wish to invest and you desire someone to do it for you there’s just a couple of manner ins which 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 perhaps one or two percent of your revenues will go to them the other thing is naturally 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 also 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 more about please do study the platform do not just presume because i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that choice too so you in fact get used to the structure of the website and after that 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 threat this is investing we’re doing you’re buying genuine companies if you select to in this specific video we’re discussing how to copy other individuals’s investments with your cash so undoubtedly your capital is at threat and we have to bear that in mind do not just do something because that individual has said they have actually made earnings 14 months in a row invest in these options due to the fact that you think is the best ones for you and that being said let’s dive straight 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’s part of social trading which is one aspect that is probably.
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well-known for it’s the alternative to see what other traders are doing extraordinary we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can in fact state i wish to do precisely what that trader is doing or match that specific portfolio of choices and essentially each time they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that means 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 likewise cover is the charges involved really crucial you comprehend what are the expenses of this now with any platform there will be some expense to obviously 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 no charge sites then might not charge you for in fact buying and selling funds or etfs individual commodities 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 kinds 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 before you really start purchasing copy trading or copy portfolios and finally some finest recommendations 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 costs really essential to understand these now on there’s a number of costs there isn’t costs to do with actually buying and selling okay so commission costs are totally free nevertheless there are a couple of other costs the very first one is withdrawal costs so you can obviously put cash 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 in the future however when you wish to withdraw your cash so you offer your shares you offer 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 obviously understanding that i’m going to make certain that i’m just withdrawing when i absolutely need to now you may state fine that’s rather expensive 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 just 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 mainly it can be perhaps even once a year when every six months you know depends entirely how you’re investing however that is a cost to bear in mind the second fee that i’ve touched upon is that conversion cost now with you’re handling us dollars just there’s not an option to purchase in euros or uk which’s great that fits me.
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a great deal 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 use anybody so if you’re using trading two and 2 free trade anyone at all this is basic they have actually i expect stuck to 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 fee is there what are they actually 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 provide me us dollars instead you have to pay their charges now the excellent feature of however when you’ve transformed your money you do not have to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s actually good using that part of their site will not definitely restrict you in any way nevertheless we have to be aware of 2 other fees the first being what’s called spread costs okay and i’m going to show you what i mean on now a spread fee as i’m going to reveal you
on is generally the distinction that is part of the investment platform between the buy cost and the sale price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact implies that when you want to offer or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing price of tesla is the worth of a share what’s called spread fees is the distinction then in fact to buy that share on the platform and you’ll find this all over this is another manner in which they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you state all right well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you want to offer it which is how they make a little bit of cash on those spread costs it’s typically extremely little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit cash now the last feat is called an
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overnight cost now this is really important if you’re really using cfds yourself also an over night cost is when you’re refraining from doing that buy offer deal in the very same day okay there’s then an overnight cost charged and even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one take advantage of which means you’re really buying the specific possession rather than using leverage anyhow you will not get hit with these charges however these charges are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you go into the aid section this isn’t the over night fees 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 over night or you’re doing over weekends which only applies as i stated to cfds there are some added fees obviously depending on what you are buying too this is on your own so keep that in mind but full fees are totally within their aid information alright and we discussed along with complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of actually using these copy works they do not have any extra fees on top of the typical costs that
are there now what you require to bear in mind though is these potentially handled by other people completely or sometimes have actually produced portfolios you have actually got a genuine individual doing the management you have to ensure you choose the individual that’s right for you much like any kind of work this is your financial assets so we definitely require to make sure it’s the right person 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 couple of different 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 real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your charge card information or anything you can basically have this virtual portfolio simulate as if you are utilizing your own cash however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money possibly this is a fantastic alternative for you once again to test the theories fine you might wish to buy tesla or apple or this etf why not use the virtual choice as a method to type of safe play with it undoubtedly you may have lost out on gains and losses throughout that time obviously if you had actually invested your genuine money it allows you to build confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to remember prior to you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i imply by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply implies am i okay with potentially losing an excellent amount of this investment or acquiring as
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well now keep in mind everything is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 people will lose cash however that equally suggests they’ll lose at some point in their journey undoubtedly people do make money also and i have actually got videos all about how you can make certain you are among the people to really make money but in this circumstance make sure you research study your threat level would you be alright offering your money to somebody else which is efficiently what you’re doing and trusting them ensure you understand what they’re buying completely if you’re somebody who isn’t wishing to be that dangerous do not choose somebody who’s entirely into crypto or currency conversion think of it you ‘d probably want a foundation of strong products
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like gold or perhaps oil plus more conventional etfs and index funds you might 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 use this too really easily over here you can copy people now it will give you a lot of choices and you can utilize the system to actually search for someone that you elegant actually following so let’s see perhaps we want someone from joined kingdom um who buys let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good amount and i can find everyone who has actually met that requirements and it does provide you a danger factor too 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 people that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to verify are you all right with this and off you go now another method to really deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she really buying so let’s go 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 know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got some of mine in fact that i buy too which is great so really for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production business as that. Trading Etoro Discord.
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