We get htis a lot on our site the answer to Etoro Backed By Sipc….Questions that i hear from new financiers what if you’re brand new to investing you just do not wish to decide what you actually want to invest and you want somebody to do it for you there’s only a number of ways that that can happen the to start with you can employ an investment portfolio manager they’ll generally charge a quite a high premium to do that maybe one or two percent of your profits will go to them the other thing is obviously 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 as well now if you’re brand new to a total please bear in mind this platform is rather innovative 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 finding out about please do study the platform don’t just presume due to the fact that i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they consider that alternative also so you actually get used to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re discussing how to copy other people’s financial investments with your money so clearly your capital is at danger and we have to bear that in mind do not just do something since that person has stated they have actually made revenue 14 months in a row purchase these choices since you believe is the ideal ones for you and that being said 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 aspect that is probably.
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famous for it’s the alternative to see what other traders are doing amazing we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can in fact say i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and essentially whenever they make a trade they purchase they offer whatever they do your cash will be imitated with it so that suggests if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees involved actually important you understand what are the expenses of this now with any platform there will be some expense to certainly these are real 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 charge sites then might not charge you for actually buying and selling etfs or funds individual products individual stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know prior to you actually begin purchasing copy trading or copy portfolios and lastly some finest recommendations finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with costs actually essential to understand these now on there’s a couple of fees there isn’t fees to do with actually buying and selling all right so commission fees are totally free however there are a number of other fees the first one is withdrawal costs so you can certainly put cash in now if you remain in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your money so you offer 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 5 dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m only withdrawing when i definitely require to now you might say all right that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are simply one of those options that they have a great deal of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every 6 months you know depends completely how you’re investing however that is a cost 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 option to purchase in euros or uk which’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re utilizing trading 2 and 2 free trade anybody this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you sort of need to accept you understand if you want to use their platform go from uk to us then that conversion charge is there what are they really 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 state give me us dollars rather you need to pay their costs now the fantastic feature of though when you have actually converted your cash you do not need to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the initial day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s actually good utilizing that part of their website will not definitely restrict you in any way nevertheless we have to know 2 other charges the first being what’s called spread charges alright and i’m going to reveal you what i mean on now a spread cost as i’m going to show you
on is essentially the difference that belongs to the financial investment platform between the buy cost and the list 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 actually suggests that when you want to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that again so the present cost of tesla is the value of a share what’s called spread fees is the difference then in fact to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of profit from you each time you do a purchaser’s share so keep that in mind obviously it’s more costly to purchase than it is to sell so they’re going to provide you less back with your sale and you say all right well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread out charges it’s typically incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit money now the last task is called an
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overnight charge now this is truly essential if you’re actually using cfds yourself also an over night fee is when you’re refraining from doing that buy sell transaction in the very same day all right there’s then an overnight cost 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 actually buying out the etf the stock the commodity and using time one leverage which indicates you’re really buying the specific possession instead of using leverage anyway you will not get hit with these fees however these costs are if you’re using utilize and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s say if you enter into the aid section this isn’t the over night charges details you can see exactly 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 which just applies as i said to cfds there are some added fees naturally depending upon what you are investing in too this is on your own so keep that in mind but complete charges are totally within their assistance details all right and we talked about in addition to complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of in fact utilizing these copy works they don’t have any extra fees on top of the regular costs that
are there now what you need to keep in mind though is these possibly handled by other individuals totally or in some cases have actually produced portfolios you have actually got a real person doing the management you have to make certain you select the individual that’s right for you similar to any kind of work this is your financial assets so we absolutely need to ensure it’s the best individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a number of various choices for us to start with 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 means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your charge card information or anything you can basically have this virtual portfolio simulate as if you are using your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money maybe this is a great alternative for you once again to check the theories okay you might want to buy tesla or apple or this etf why not use the virtual choice as a method to sort of safe have fun with it clearly you may have lost out on gains and losses throughout that time of course if you had actually invested your real cash it allows you to construct self-confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy people 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 sure you understand 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 risk just suggests am i okay with potentially losing a good quantity of this investment or acquiring as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose money that’s why they make the figure 75 people will lose cash however that equally suggests they’ll lose eventually in their journey certainly people do earn money as well and i’ve got videos everything about how you can make certain you’re one of individuals to really make money however in this circumstance ensure you research study your threat level would you be fine providing your cash to another person which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing completely if you’re someone who isn’t wanting to be that dangerous do not choose someone who’s completely into crypto or currency conversion think about it you ‘d probably 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 want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really utilize this too actually easily over here you can copy individuals now it will give you a lot of choices and you can use the system to in fact look for somebody that you expensive really following so let’s see possibly we desire someone from united kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everyone who has satisfied that criteria and it does offer you a risk aspect too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not suggest someone 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 easy as clicking the copy button and off you go and after that you know ask you to validate are you all right with this and off you go now another method to really 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 investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is good so in fact for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s likewise got a little bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production business as that. Etoro Backed By Sipc.
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