We get htis a lot on our site the answer to Etoro Find….Concerns that i hear from new financiers what if you’re brand new to investing you merely do not want to choose what you really want to invest and you want someone to do it for you there’s only a couple of manner ins which that can occur the first off you can work with a financial investment portfolio manager they’ll generally charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds specific funds are created again with an account supervisor 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 an overall please keep in mind this platform is quite advanced you can do cfds which naturally cfds are ways of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform don’t just presume since i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they consider that option too so you actually get utilized to the structure of the site and after that when you’re ready to utilize 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 business if you pick to in this particular video we’re speaking about how to copy other individuals’s financial investments with your money so clearly your capital is at threat and we have to bear that in mind do not just do something because that individual has said they have actually made earnings 14 months in a row invest in these options since you think is the best ones for you and that being said 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 aspect that is most likely.
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famous for it’s the choice to see what other traders are doing amazing we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can really say i want to do precisely what that trader is doing or match that precise portfolio of alternatives and basically whenever they make a trade they buy they sell whatever they do your cash will be mimicked with it so that indicates if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs involved truly vital you understand what are the costs of this now with any platform there will be some expense to certainly these are real business 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 charge sites then may not charge you for in fact buying and selling funds or etfs specific commodities private stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to reveal you the fees 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 finest suggestions best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with charges truly essential to comprehend these now on there’s a couple of fees there isn’t costs to do with actually buying and selling okay so commission fees are complimentary nevertheless there are a couple of other fees the first one is withdrawal charges so you can undoubtedly put money in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your cash so you offer your shares you offer 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 of course understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might say okay that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are simply one of those alternatives that they have a great deal 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 maybe even once a year once every 6 months you understand depends totally how you’re investing however that is a cost to bear in mind the 2nd charge that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’s fine that fits 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 fee now when you utilize anyone so if you’re utilizing trading two and two open market anyone at all this is standard they have i expect stuck with whatever fee they charge for that conversion rate you kind of need to accept you understand if you want to use their platform go from uk to us then that conversion cost exists what are they in fact giving 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 state offer me us dollars rather you need to pay their charges now the fantastic feature of however when you’ve transformed your money you do not need to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates the initial 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 costs so that’s actually excellent utilizing that part of their site won’t certainly restrict you in any way however we have to understand two other charges the first being what’s called spread fees okay and i’m going to show you what i indicate on now a spread fee as i’m going to reveal you
on is generally the distinction that belongs to the investment platform between the buy price and the price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really suggests that when you wish to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current price of tesla is the value of a share what’s called spread charges is the difference then actually to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you say fine well why does that occur it just 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 offer it and that is how they make a little bit of money on those spread costs it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a little bit cash now the last feat is called an
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over night fee now this is actually essential if you’re really utilizing cfds yourself also an over night charge is when you’re not doing that buy sell transaction in the exact same day alright there’s then an over night cost charged and even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which indicates you’re actually buying the specific property instead of utilizing take advantage of anyhow you will not get hit with these charges but these costs are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you enter into the aid 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 charges then for when you’re doing over night or you’re doing over weekends and that only applies as i said to cfds there are some added fees naturally depending upon what you are investing in as well this is on your own so keep that in mind but full fees are entirely within their aid details all right and we spoke about along with totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of really using these copy operates they do not have any additional fees on top of the normal costs that
exist now what you require to bear in mind though is these potentially handled by other people entirely or in some cases have developed portfolios you’ve got a genuine person doing the management you need to make certain you pick the person that’s right for you just like any type of work this is your monetary possessions so we definitely need 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 wish to use this function we’ve got a couple of various choices for us firstly if you’re brand new to investing i want 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 have fun with and it’s not real money that you’re investing you will not need to put in your charge card details or anything you can essentially have this virtual portfolio mimic as if you are using your own cash but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money perhaps this is a great alternative for you once again to evaluate the theories alright you might wish to buy tesla or apple or this etf why not use the virtual choice as a way to sort of safe play with it undoubtedly you might have lost out on gains and losses during that time obviously if you had invested your genuine cash it allows you to build self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i indicate by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of simply suggests am i fine with possibly losing a good quantity of this investment or gaining as
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well now remember whatever is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose cash however that equally implies they’ll lose at some time in their journey obviously individuals do make money also and i’ve got videos all about how you can make certain you are among the people to really make money however in this scenario ensure you research your threat level would you be fine offering your money to someone else which is successfully 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 dangerous don’t pick someone who’s completely into crypto or currency conversion think about it you ‘d probably want a backbone 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 same with who you’re following now as i state you can actually utilize this too truly easily 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 fancy actually following so let’s see perhaps we desire somebody from unified kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a good quantity and i can find everyone who has fulfilled that criteria and it does provide you a danger element also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to validate are you all right 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 in fact deep dive into what is she in fact 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 great to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got some of mine in fact that i purchase too which is excellent so actually for me knowing what i like to buy my private 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 little bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production business as that. Etoro Find.
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