We get htis a lot on our site the answer to Etoro Alexander James Thomas….Concerns 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 want to invest and you desire somebody to do it for you there’s just a couple of ways that that can occur the first of all you can work with an investment portfolio supervisor they’ll generally charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is of course you can buy mutual funds particular 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 also now if you’re brand new to an overall please keep in mind this platform is quite innovative you can do cfds which naturally cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform do not just presume due to the fact that 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 alternative also so you really get utilized to the structure of the website and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re talking about how to copy other individuals’s financial investments with your money so clearly your capital is at danger and we need to bear that in mind do not just do something since that individual has actually stated they’ve made earnings 14 months in a row buy these options since you believe is the right ones for you and that being said 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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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 cash we can in fact state i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and basically whenever they make a trade they buy they offer whatever they do your cash will be simulated with it so that implies if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges involved really crucial you comprehend what are the costs of this now with any platform there will be some expense to certainly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the no charge sites then may not charge you for in fact buying and selling etfs or funds specific products private stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering 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 charges with in particular in this video the next would be things to understand prior to you really start investing in copy trading or copy portfolios and lastly some best advice finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s kick off with costs truly essential to understand these now on there’s a number of charges there isn’t costs to do with really buying and selling alright so commission charges are totally free however there are a couple of other costs the first one is withdrawal fees so you can obviously put money 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 but when you wish to withdraw your money so you sell your shares you sell your products 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 naturally understanding that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might state all right that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are simply among those options that they have a great deal of platforms certainly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every six months you know depends totally how you’re investing but that is a charge to remember the 2nd charge that i’ve touched upon is that conversion fee now with you’re dealing in us dollars just there’s not an alternative to buy 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 or even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading 2 and 2 free trade anyone at all this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you type of have to accept you understand if you wish to use their platform go from uk to us then that conversion cost exists what are they really 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 state give me us dollars instead you need to pay their charges now the fantastic aspect of however when you’ve transformed your cash you do not have to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies the preliminary 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 extra fees so that’s truly great using that part of their site will not definitely limit you in any way nevertheless we need to understand two other charges the very first being what’s called spread fees fine and i’m going to show you what i indicate on now a spread fee as i’m going to reveal you
on is basically the difference that belongs to the financial investment platform 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 site today tesla’s dollar worth 599 per share in tesla that really means that when you wish to sell or buy as you can see it’s not the cost you’re seeing up here let me show you that again so the current rate of tesla is the worth of a share what’s called spread costs is the distinction then actually to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of profit 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 state okay well why does that occur it simply 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 and that is how they make a bit of cash on those spread charges it’s normally exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit cash now the last feat is called an
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over night charge now this is actually essential if you’re really using cfds yourself too an over night charge is when you’re refraining from doing that buy offer deal in the very same day alright there’s then an over night charge charged or even 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 really buying out the etf the stock the product and utilizing time one utilize which means you’re in fact purchasing the precise possession instead of utilizing leverage anyhow you will not get hit with these costs however these charges are if you’re using leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you go into the aid section this isn’t the overnight fees details 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 and that just uses as i said to cfds there are some additional charges obviously depending upon what you are purchasing also this is on your own so keep that in mind but complete charges are completely within their help info alright and we talked about along with totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of really utilizing these copy works they don’t have any extra fees on top of the regular costs that
are there now what you require to remember though is these possibly handled by other people completely or often have developed portfolios you’ve got a real individual doing the management you have to make sure you select the person that’s right for you just like any profession this is your monetary properties so we definitely need to make sure it’s the best individual for us prior to 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 various options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice 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 cash that you’re investing you will not need to put in your charge card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash maybe this is a fantastic choice for you again to evaluate the theories alright you might wish to purchase tesla or apple or this etf why not use the virtual alternative as a way to type of safe play with it clearly you might have lost out on gains and losses throughout that time obviously if you had invested your genuine cash it enables you to develop 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 in fact how to copy individuals and copy portfolios now here’s something to keep in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger 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 investments the riskier you can be risk simply indicates am i all right with possibly losing a great quantity of this financial investment or gaining as
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well now remember whatever is downs and ups you will generate income you’ll lose cash that’s why they make the fact 75 individuals will lose money but that equally implies they’ll lose at some point in their journey undoubtedly people do earn money also and i’ve got videos all about how you can make certain you’re one of individuals to in fact earn money however in this circumstance make certain you research study your threat level would you be fine giving your cash to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re buying fully if you’re someone who isn’t wanting to be that dangerous don’t select someone who’s totally into crypto or currency conversion think about it you ‘d most likely want a foundation of strong commodities
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like gold or even oil plus more conventional 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 state you can really use this too actually easily over here you can copy individuals now it will give you a great deal of choices and you can use the system to really look for somebody that you elegant in fact following so let’s see perhaps we want somebody from united kingdom um who invests in let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can discover everybody who has satisfied that criteria and it does provide you a threat aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have rather high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not imply somebody 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 after that you know ask you to confirm are you alright with this and off you go now another way to really deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually 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 absolutely like type of into those blue box and the tech industry she’s got some of mine actually that i invest in too which is great so actually for me knowing what i like to purchase 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 sort of primary food business and you have actually got you understand pharmaceutical and production companies as that. Etoro Alexander James Thomas.
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