We get htis a lot on our site the answer to Etoro Different Coloured Stars….Concerns that i hear from new financiers what if you’re brand new to investing you simply don’t want to choose what you really want to invest and you desire somebody to do it for you there’s just a number of manner ins which that can occur the firstly you can work with an investment portfolio manager they’ll generally charge a rather a high premium to do that possibly one or two percent of your profits will go to them the other thing is obviously you can buy mutual funds particular 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 as well now if you’re brand new to an overall please bear in mind this platform is rather advanced you can do cfds which obviously cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning more about please do study the platform don’t simply presume due to the fact that i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they consider that option also so you in fact get used to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in genuine business if you pick 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 have to bear that in mind do not simply do something because that individual has stated they have actually made earnings 14 months in a row buy these choices since you think is the ideal 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 becomes part of social trading which is one element that is most likely.
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famous for it’s the alternative to see what other traders are doing unbelievable we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can actually say i want to do precisely what that trader is doing or match that exact portfolio of alternatives and generally each time they make a trade they buy they sell whatever they do your money will be mimicked with it so that indicates if for example 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 fees involved really important you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the no fee websites then may not charge you for actually buying and selling funds or etfs private products individual stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees 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 know before you actually start purchasing copy trading or copy portfolios and finally some best advice finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s start with fees actually essential to understand these now on there’s a number of charges there isn’t fees to do with really buying and selling all right so commission fees are totally free however there are a couple of other charges the first one is withdrawal fees so you can clearly put money in now if you’re 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 on however when you want to withdraw your money so you offer your shares you offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you may say okay that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are just one of those options that they have a great deal of platforms undoubtedly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you know depends completely how you’re investing but that is a cost to bear in mind the 2nd fee that i have actually touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an option to buy in euros or uk which’s great 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 excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and two open market anybody this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you kind of have to accept you know if you wish to utilize their platform go from uk to us then that conversion charge exists what are they actually providing 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 provide me us dollars instead you need to pay their charges now the fantastic thing about however when you have actually converted your cash you do not have to invest it right now that dollar value can being in your portfolio as money 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 takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s actually great using that part of their site will not definitely restrict you in any way nevertheless we have to understand two other costs the very first being what’s called spread costs alright and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you
on is basically the difference that belongs to the financial investment platform between the buy price and the sale price okay 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 actually implies that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me show you that once again so the present cost of tesla is the value of a share what’s called spread fees 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 make money from you every time you do a purchaser’s share so keep that in mind certainly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you say all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it which is how they make a little bit of cash on those spread out charges it’s usually extremely small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit cash now the last accomplishment is called an
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overnight charge now this is actually important if you’re really using cfds yourself also an overnight fee is when you’re not doing that buy offer transaction in the very same day fine there’s then an over night fee charged or perhaps 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 in fact buying out the etf the stock the product and utilizing time one utilize which implies you’re in fact buying the precise possession instead of utilizing take advantage of anyway you will not get hit with these costs however these charges are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s say if you enter into the help section this isn’t the overnight charges information you can see exactly 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 said to cfds there are some additional charges naturally depending upon what you are buying too this is on your own so keep that in mind but full costs are completely within their assistance details alright and we talked about 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 everything 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 various ways of in fact utilizing these copy operates they don’t have any extra costs on top of the regular costs that
exist now what you need to bear in mind though is these potentially handled by other people totally or often have developed portfolios you’ve got a genuine individual doing the management you need to ensure you select the individual that’s right for you just like any profession this is your monetary assets so we absolutely need to ensure it’s the best individual 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 various choices 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 genuine cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are using your own cash however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money possibly this is an excellent option for you once again to evaluate the theories all right you may wish to buy tesla or apple or this etf why not use the virtual alternative as a method to sort of safe play with it obviously you may have missed out on gains and losses throughout that time naturally if you had actually invested your genuine cash it permits you to develop self-confidence understand the platform so that’s one option for you then next week and i’m going to go back to my real 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 prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i imply by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just implies am i fine with possibly losing a good amount of this financial investment or getting as
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well now remember everything is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 individuals will lose money however that equally indicates they’ll lose at some time in their journey obviously people do earn money too and i’ve got videos all about how you can make sure you’re one of individuals to really generate income however in this circumstance make certain you research your danger level would you be all right providing your money to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re investing in fully if you’re somebody who isn’t wanting to be that risky don’t pick somebody who’s entirely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong commodities
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like gold and even oil plus more traditional 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 actually utilize this too really quickly over here you can copy people now it will provide you a lot of options and you can utilize the system to really look for someone that you fancy really following so let’s see maybe we desire someone from united kingdom um who buys let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has actually satisfied that requirements and it does provide you a threat factor as well so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of people that have quite high returns
remember 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 other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to validate are you alright with this and off you go now another way to in fact deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she really 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 certainly like kind of into those blue box and the tech industry she’s got some of mine actually that i invest in too which is good so in fact for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech business 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 companies as that. Etoro Different Coloured Stars.
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