We get htis a lot on our site the answer to Etoro Bronze….Questions that i hear from brand-new financiers what if you’re brand new to investing you merely don’t wish to choose what you in fact want to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can occur the firstly you can employ an investment portfolio supervisor they’ll normally charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular 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 too now if you’re brand new to a total please keep in mind this platform is rather advanced you can do cfds which of course cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform do not just assume since i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that choice too so you actually get used to the structure of the website and after that when you’re ready to use your own cash 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 choose to in this specific video we’re talking about how to copy other individuals’s financial investments with your money so certainly your capital is at risk and we have to bear that in mind do not simply do something because that individual has actually said they’ve made revenue 14 months in a row buy these choices due to the fact that you think is the best ones for you which being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.
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famous for it’s the alternative to see what other traders are doing amazing we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can actually say i wish to do exactly what that trader is doing or match that exact portfolio of choices and essentially each time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that implies 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 fees involved truly critical you understand what are the costs of this now with any platform there will be some cost 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 a few of the zero fee sites then may not charge you for really buying and selling etfs or funds individual commodities private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to understand before you actually 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 advanced investor so let’s kick off with costs really essential to understand these now on there’s a couple of costs there isn’t costs to do with really buying and selling fine so commission fees are free nevertheless there are a couple of other charges the first one is withdrawal costs so you can clearly put money in now if you remain in the uk we put our uk cash.
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and it’s instantly 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 sell 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 obviously understanding that i’m going to make sure that i’m just withdrawing when i definitely require to now you may state fine that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are simply one of those options that they have a lot of platforms undoubtedly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every six months you know depends completely how you’re investing however that is a charge to bear in mind the 2nd charge that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not an option to buy in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow 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 charge now when you utilize anyone so if you’re utilizing trading 2 and 2 free trade anyone at all this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you sort of need to accept you understand if you want to utilize their platform go from uk to us then that conversion charge exists what are they really offering you in regards to 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 offer me us dollars instead you need to pay their charges now the great thing about though when you’ve transformed your money you do not have to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means 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 additional fees so that’s actually great utilizing that part of their website won’t certainly restrict you in any way however we have to be aware of 2 other charges the first being what’s called spread costs all right and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is generally the distinction that belongs to the investment platform between the buy cost 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 today tesla’s dollar value 599 per share in tesla that actually implies that when you wish to purchase or offer as you can see it’s not the price you’re seeing up here let me show you that once again so the present price of tesla is the value of a share what’s called spread charges is the difference then really 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 benefit from you every time you do a buyer’s share so keep that in mind obviously it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you state okay 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 wish to offer it and that is how they make a little bit of money on those spread charges it’s generally extremely small it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a little bit money now the last feat is called an
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overnight fee now this is truly essential if you’re really utilizing cfds yourself as well an overnight cost is when you’re refraining from doing that buy offer transaction in the very same day all right there’s then an overnight cost charged or even if you go from the friday to the monday prior to sailing a weekend fee now this just 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 buying the specific property instead of using utilize anyway you won’t get hit with these costs but these charges are if you’re using leverage and cfds and after that 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 info you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only applies as i stated to cfds there are some additional charges obviously depending on what you are purchasing as well this is on your own so keep that in mind but complete costs are completely within their assistance details okay and we talked about along with free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal fee 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 do not have any additional fees on top of the typical charges that
exist now what you need to keep in mind though is these potentially handled by other individuals entirely or sometimes have actually produced portfolios you have actually got a real person doing the management you need to make sure you pick the person that’s right for you similar to any type of work this is your financial properties so we definitely need to make sure it’s the best person for us prior to we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of different 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 alternative to invest real money 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 will not require to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are using your own money but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine money perhaps this is a great choice for you once again to evaluate the theories okay you might want to purchase tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe have fun with it obviously you might have lost out on gains and losses during that time obviously if you had actually invested your genuine money it allows you to develop 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 in fact how to copy individuals and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i suggest by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk simply means am i all right 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 earn money you’ll lose money that’s why they make the fact 75 people will lose cash however that similarly means they’ll lose at some time in their journey undoubtedly individuals do make money as well and i have actually got videos everything about how you can make certain you are among the people to really make money but in this situation make sure you research study your risk level would you be fine giving your money to someone else which is efficiently what you’re doing and trusting them make certain you understand what they’re buying completely if you’re somebody who isn’t wishing to be that risky do not select somebody who’s completely into crypto or currency conversion consider it you ‘d probably desire a foundation of strong commodities
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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 very same with who you’re following now as i say you can really use this too actually quickly over here you can copy people now it will offer you a great deal of choices and you can utilize the system to actually look for someone that you expensive really following so let’s see possibly we desire someone from joined kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good amount and i can find everyone who has met that criteria and it does give you a risk element as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have quite 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 might 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 understand ask you to validate are you okay with this and off you go now another way to really deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she really buying so let’s go into portfolio and you can see she’s rather 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 in fact that i buy too which is excellent so in fact for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a great 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 companies and you have actually got you know pharmaceutical and production companies as that. Etoro Bronze.
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