We get htis a lot on our site the answer to Etoro 2 Factor Authentication….Questions that i hear from brand-new financiers what if you’re brand new to investing you just don’t want to choose what you in fact want to invest and you desire someone to do it for you there’s just a number of ways that that can occur the firstly you can hire a financial investment portfolio manager they’ll usually 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 produced 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 advanced you can do cfds which naturally cfds are methods 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 since i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they consider that option too so you really get utilized to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in genuine business if you pick to in this particular video we’re speaking about how to copy other individuals’s investments with your money so clearly your capital is at risk and we have to bear that in mind do not just do something since that individual has stated they have actually made earnings 14 months in a row buy these options due to the fact that you think is the best ones for you which 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 element that is most likely.
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popular for it’s the option to see what other traders are doing unbelievable we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can in fact say i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and essentially each time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that means if for example 10 of their 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 actually important you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero fee sites then may not charge you for really buying and selling etfs or funds individual products private stocks.
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there’ll be costs on other parts perhaps 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 costs with in particular in this video the next would be things to know before you actually begin investing in copy trading or copy portfolios and finally some finest recommendations finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s begin with charges really crucial to understand these now on there’s a number of costs there isn’t fees to do with in fact buying and selling alright so commission fees are totally free however there are a number of other fees the very first one is withdrawal charges so you can clearly put cash in now if you’re in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your money so you offer 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 five dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you might say all right that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are just one of those options that they have a lot of platforms undoubtedly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every 6 months you know depends completely how you’re investing but that is a fee to remember the second fee that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not a choice to purchase in euros or uk and that’s fine 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 or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and 2 open market anyone at all this is basic they have i expect stuck with whatever cost they charge for that conversion rate you kind of need to accept you understand if you want to utilize their platform go from uk to us then that conversion charge is there what are they in fact providing you in terms of your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and say provide me us dollars rather you have to pay their costs now the fantastic thing about however when you’ve transformed your cash you do not need to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the initial 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 additional costs so that’s really great using that part of their website will not definitely restrict you in any way however we need to understand 2 other costs the first being what’s called spread charges all right and i’m going to reveal you what i imply on now a spread cost as i’m going to show you
on is generally the difference that becomes part of the financial investment platform in between the buy cost and the sale price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really suggests that when you wish to sell or purchase as you can see it’s not the cost you’re seeing up here let me show you that again so the existing cost of tesla is the worth of a share what’s called spread fees is the distinction then really 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 make money from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to sell so they’re going to offer you less back with your sale and you say alright well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to sell it and that is how they make a little bit of money on those spread out fees it’s normally extremely small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit money now the last task is called an
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overnight charge now this is actually essential if you’re really using cfds yourself also an over night cost is when you’re refraining from doing that buy sell transaction in the same day okay there’s then an over night fee charged and even if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one take advantage of which implies you’re in fact buying the specific asset rather than utilizing utilize anyhow you will not get hit with these charges but these charges are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the same day so let’s say if you enter into the help section this isn’t the over night fees information you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which just uses as i stated to cfds there are some added fees of course depending on what you are investing in too this is on your own so keep that in mind but complete charges are entirely within their aid info okay and we discussed in addition to totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of actually using these copy functions they do not have any additional costs on top of the typical fees that
exist now what you require to keep in mind though is these possibly managed by other individuals completely or often have actually created portfolios you have actually got a genuine person doing the management you have to make sure you pick the person that’s right for you similar to any profession this is your financial properties so we definitely require to make sure it’s the right individual for us before 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 first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual methods i think 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 information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own cash but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine money perhaps this is a terrific choice for you again to test the theories alright you might wish to buy tesla or apple or this etf why not use the virtual option as a method to kind of safe have fun with it clearly you may have lost out on gains and losses during that time of course if you had actually invested your real cash it permits you to construct self-confidence comprehend 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 actually 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 make certain you comprehend what your threat profile is now what do i suggest by that obviously 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 run the risk of just means am i fine with potentially losing a good quantity of this investment or gaining as
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well now remember everything is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 individuals will lose money however that similarly indicates they’ll lose at some point in their journey undoubtedly individuals do make money as well and i have actually got videos all about how you can ensure you’re one of the people to actually earn money but in this circumstance make sure you research study your danger level would you be okay offering your money to another person which is effectively what you’re doing and trusting them make sure you understand what they’re investing in totally if you’re someone who isn’t wishing to be that risky do not pick someone who’s entirely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products
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like gold or even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact utilize this too actually quickly over here you can copy people now it will provide you a great deal of choices and you can use the system to actually look for somebody that you fancy really following so let’s see maybe we desire somebody from united kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has actually fulfilled that criteria and it does offer you a risk factor also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of individuals that have quite high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to validate are you okay with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she in fact buying 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 good to understand ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got some of mine actually that i buy too which is excellent so in fact for me understanding 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 seems to be what she prefers she’s likewise 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. Etoro 2 Factor Authentication.
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