We get htis a lot on our site the answer to Does Etoro Call You When You Open An Account….Questions that i speak with new investors what if you’re brand new to investing you just do not want to choose 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 employ an investment portfolio supervisor they’ll typically charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is naturally you can buy 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 as well now if you’re brand new to an overall please bear in mind this platform is rather sophisticated you can do cfds which of course cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just assume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they consider that alternative also so you really get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re purchasing genuine business if you select to in this specific video we’re discussing how to copy other people’s investments with your money so obviously your capital is at threat and we need to bear that in mind do not just do something because that individual has actually said they’ve made earnings 14 months in a row buy these options because you think is the right ones for you and that being stated let’s dive directly in [Music] 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 element that is probably.
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popular for it’s the alternative to see what other traders are doing amazing we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our money we can really say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and essentially every time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that suggests 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 included truly critical you comprehend what are the costs of this now with any platform there will be some expense to obviously these are genuine business 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 websites then may not charge you for in fact buying and selling etfs or funds specific products individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 understand prior to you really begin buying copy trading or copy portfolios and lastly some finest advice finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s start with costs truly essential to comprehend these now on there’s a couple of costs there isn’t fees to do with in fact buying and selling okay so commission fees are complimentary nevertheless there are a number of other fees the 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 immediately converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your money so you sell your shares you offer your commodities 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 naturally understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might say fine that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are just one of those alternatives that they have a lot of platforms certainly are totally free 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 six months you understand depends completely how you’re investing but that is a fee to bear in mind the 2nd fee that i’ve touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and two open market anyone at all this is basic they have actually i expect stuck with whatever fee they charge for that conversion rate you kind of need to accept you know if you wish to use their platform go from uk to us then that conversion charge exists what are they in fact giving 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 give me us dollars instead you need to pay their costs now the excellent aspect of however when you have actually converted your cash you do not have to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s truly great using that part of their website will not definitely limit you in any way nevertheless we need to understand 2 other costs the very first being what’s called spread charges alright and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you
on is basically the difference that is part of the investment platform in between the buy price and the price alright 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 worth 599 per share in tesla that in fact implies that when you want to purchase or sell as you can see it’s not the price you’re seeing up here let me show you that again so the present price of tesla is the worth of a share what’s called spread charges is the distinction then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind obviously 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 fine well why does that happen it just 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 want to offer it which is how they make a little bit of cash on those spread fees it’s normally extremely small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a little bit money now the last feat is called an
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over night charge now this is really crucial if you’re actually using cfds yourself also an overnight cost is when you’re not doing that buy sell deal in the same day all right there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one utilize which implies you’re in fact purchasing the precise property rather than utilizing take advantage of anyhow you will not get hit with these costs but these charges are if you’re utilizing leverage 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 section this isn’t the over night fees information you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only applies as i stated to cfds there are some surcharges obviously depending upon what you are purchasing also this is on your own so keep that in mind however full fees are entirely within their help information okay and we discussed along with 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 product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are two various ways of actually utilizing these copy works they do not have any extra charges on top of the regular fees that
exist now what you need to keep in mind though is these possibly handled by other individuals totally or often have created portfolios you have actually got a real person doing the management you have to ensure you choose the individual that’s right for you similar to any line of work this is your financial properties so we definitely need to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of various options for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine money 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 basically have this virtual portfolio imitate as if you are using your own money but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine cash perhaps this is a fantastic option for you again to check the theories okay you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a way 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 real money it allows you to build self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my genuine 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 pick someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i indicate by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk just suggests am i all right with possibly losing a good quantity of this financial investment or gaining as
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well now remember everything is downs and ups you will generate income you’ll lose money that’s why they make the fact 75 individuals will lose money but that equally implies they’ll lose at some time in their journey certainly people do make money as well and i’ve got videos all about how you can make certain you’re one of individuals to actually make money but in this situation make certain you research your threat level would you be fine offering your money to someone else which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re somebody who isn’t wanting to be that risky do not select somebody who’s completely into crypto or currency conversion think about it you ‘d probably want a foundation of strong commodities
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like gold or even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really use this too really easily over here you can copy people now it will give you a great deal of choices and you can use the system to actually look for somebody that you elegant really following so let’s see perhaps we want somebody from united kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a great quantity and i can discover everybody who has actually fulfilled that requirements and it does offer you a threat element also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of individuals that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to confirm are you all right with this and off you go now another method 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 in fact purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got a few of mine really that i purchase too which is excellent so really for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s also got a bit more um of the kind of primary food business and you have actually got you know pharmaceutical and production business as that. Does Etoro Call You When You Open An Account.
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