We get htis a lot on our site the answer to What Does Copy Open Trades Mean In Etoro….Questions that i speak with new financiers what if you’re brand new to investing you merely do not want to decide what you actually wish to invest and you desire somebody to do it for you there’s just a number of manner ins which that can occur the first of all you can work with an investment portfolio supervisor they’ll normally charge a rather 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 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 as well 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 ways of investing
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with not in fact having the total of capital so with anything that you’re learning about please do study the platform do not simply presume because i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they give that alternative also so you really get used to the structure of the site 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 threat this is investing we’re doing you’re purchasing real companies if you pick to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something because that person has stated they’ve made earnings 14 months in a row purchase these options because you think is the ideal ones for you which being said let’s dive straight in [Music] so 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 aspect that is probably.
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famous for it’s the alternative to see what other traders are doing extraordinary we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can in fact state i want to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially whenever they make a trade they buy they offer whatever they do your cash will be mimicked with it so that implies if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges involved actually important you understand 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 involved and even some of the no cost sites then may not charge you for actually buying and selling etfs or funds private commodities private stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees 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 really begin buying copy trading or copy portfolios and finally some best suggestions best 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 actually essential to comprehend these now on there’s a number of fees there isn’t costs to do with actually buying and selling alright so commission fees are complimentary nevertheless there are a number of other charges the very first one is withdrawal costs so you can clearly put money in now if you remain in the uk we put our uk money.
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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 offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to ensure that i’m just withdrawing when i definitely need to now you may say okay that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are just one of those options that they have a great deal of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every 6 months you understand depends totally how you’re investing but that is a charge to keep in mind the 2nd fee that i have actually touched upon is that conversion fee now with you’re handling us dollars only there’s not an alternative to buy in euros or uk which’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 great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading 2 and two open market anybody this is basic they have i expect stuck with whatever charge they charge for that conversion rate you type of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they really 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 say offer me us dollars instead you have to pay their costs now the excellent thing about however when you’ve converted your money you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s actually great using that part of their website won’t certainly restrict you in any way nevertheless we need to be aware of two other fees the very first being what’s called spread charges all right and i’m going to show you what i indicate on now a spread cost as i’m going to reveal you
on is essentially the difference that is part of the financial investment platform in between the buy cost 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 site today tesla’s dollar value 599 per share in tesla that actually suggests that when you want to purchase or sell as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present cost of tesla is the value of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll discover this all over this is another way that they make a small amount of benefit from you every time you do a buyer’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 state okay 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 wish to offer it and that is how they make a little bit of money on those spread charges it’s normally incredibly small 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 money now the last task is called an
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overnight cost now this is really important if you’re really using cfds yourself too an over night cost is when you’re refraining from doing that buy sell deal in the same day all right there’s then an over night fee charged or perhaps if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one leverage which means you’re in fact purchasing the precise possession rather than utilizing leverage anyway you will not get hit with these costs however these fees are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s say if you go into the assistance area this isn’t the overnight costs details you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that only uses as i stated to cfds there are some surcharges naturally depending on what you are purchasing too this is on your own so keep that in mind but full costs are completely within their aid details okay and we discussed as well as free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different ways of actually utilizing these copy works they don’t have any extra charges on top of the typical charges that
are there now what you need to remember though is these potentially handled by other people completely or often have actually created portfolios you’ve got a real person doing the management you have to make certain you pick the individual that’s right for you just like any profession this is your financial properties so we absolutely need to make certain it’s the best individual 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 options for us to start with 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 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 need to put in your charge card information or anything you can basically have this virtual portfolio mimic as if you are using your own money but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is a terrific alternative for you again to check the theories all right you might want to purchase tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it clearly you might have missed out on gains and losses throughout that time obviously if you had actually invested your genuine cash it permits you to construct self-confidence understand 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 in fact how to copy individuals and copy portfolios now here’s something to remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i mean by that certainly 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 alright with potentially losing a great amount of this financial investment or gaining as
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well now keep in mind everything is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 people will lose money however that equally suggests they’ll lose eventually in their journey undoubtedly people do earn money too and i’ve got videos everything about how you can ensure you’re one of individuals to in fact earn money but in this scenario make certain you research study your danger level would you be okay giving your money to someone else which is efficiently what you’re doing and trusting them make sure you understand what they’re buying fully if you’re somebody who isn’t wanting to be that risky do not choose somebody who’s completely into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong products
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like gold and even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually use this too actually quickly over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to in fact look for somebody that you fancy in fact following so let’s see possibly we desire somebody from unified kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has fulfilled that criteria and it does provide you a risk aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of individuals 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 suggest somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to verify are you fine with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she actually 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 little bit so that’s excellent to understand ibm paypal yep she’s certainly like sort 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 actually for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s likewise got a bit more um of the kind of primary food companies and you have actually got you understand pharmaceutical and production companies as that. What Does Copy Open Trades Mean In Etoro.
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