We get htis a lot on our site the answer to Etoro Gear….Concerns that i speak with new financiers what if you’re brand new to investing you simply do not wish to choose what you really wish to invest and you want someone to do it for you there’s only a couple of manner ins which that can take place the first off you can employ an investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is obviously you can buy mutual funds particular funds are produced once 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 a total please keep in mind this platform is rather advanced you can do cfds which of course cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform do not just presume since 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 give that option as well so you really get utilized to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re buying genuine business if you select to in this specific video we’re talking about how to copy other people’s investments with your money so obviously your capital is at risk and we need to bear that in mind do not just do something since that individual has stated they’ve made earnings 14 months in a row buy these options since you believe 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 becomes part of social trading which is one element that is most likely.
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well-known for it’s the alternative to see what other traders are doing unbelievable we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and generally each time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that indicates if for instance 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 likewise cover is the charges involved actually important you understand what are the expenses of this now with any platform there will be some cost 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 absolutely no cost sites then might not charge you for actually buying and selling funds or etfs specific commodities private stocks.
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there’ll be fees 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 costs with in particular in this video the next would be things to understand before you really begin purchasing copy trading or copy portfolios and finally some finest advice finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s begin with costs truly essential to comprehend these now on there’s a number of fees there isn’t charges to do with actually buying and selling fine so commission costs are free nevertheless there are a number of other costs the very first one is withdrawal costs so you can clearly put money in now if you remain in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your cash so you offer your shares you offer your commodities whatever you’re selling the minimum quantity 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 definitely need to now you might say fine 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 fees are just among those options that they have a lot of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every six months you understand depends entirely how you’re investing however that is a cost to bear in mind the second charge that i have actually touched upon is that conversion fee now with you’re dealing in us dollars only there’s not a choice 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 purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading 2 and 2 open market anyone at all this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you want to use their platform go from uk to us then that conversion fee is there what are they really giving 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 say give me us dollars rather you have to pay their fees now the fantastic thing about though when you have actually converted your cash you do not need to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates 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 costs so that’s truly great utilizing that part of their website will not certainly restrict you in any way nevertheless we have to know 2 other costs the first being what’s called spread fees fine and i’m going to show you what i mean on now a spread cost as i’m going to show you
on is generally the difference that belongs to the financial investment platform between the buy price 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 website right now tesla’s dollar value 599 per share in tesla that in fact implies that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me show you that again so the present rate of tesla is the worth of a share what’s called spread costs is the difference then actually to purchase that share on the platform and you’ll discover 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 clearly it’s more expensive to buy than it is to sell so they’re going to offer you less back with your sale and you say alright well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you wish to sell it which is how they make a little bit of money 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 again make a little bit money now the last accomplishment is called an
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over night cost now this is actually important if you’re in fact using cfds yourself as well an overnight charge is when you’re not doing that buy offer deal in the very same day all right there’s then an over night cost charged or even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which implies you’re in fact purchasing the precise property instead of utilizing leverage anyhow you will not get hit with these charges but these fees are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you go into the help area this isn’t the over night costs info you can see precisely the breakdown and it’ll inform you what are the charges what are the fees 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 added fees of course depending on what you are buying also this is on your own so keep that in mind however complete fees are totally within their aid details okay and we spoke about in addition to free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two different ways of in fact using these copy operates they don’t have any additional charges on top of the regular costs that
exist now what you require to keep in mind though is these possibly handled by other people entirely or sometimes have actually created portfolios you have actually got a real person doing the management you have to ensure you select the person that’s right for you similar to any line of work this is your financial properties so we definitely require 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 use this function we have actually got a number of various choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your charge card details or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine money maybe this is a great alternative for you once again to evaluate the theories fine you may want to buy tesla or apple or this etf why not use the virtual alternative as a way to sort of safe play with it clearly you may have missed out on gains and losses throughout that time obviously if you had actually invested your genuine money it permits you to construct 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 keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i indicate by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of simply implies am i alright with potentially losing a great amount of this investment or getting as
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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the figure 75 individuals will lose cash but that similarly means they’ll lose at some time in their journey undoubtedly people do earn money as well and i have actually got videos all about how you can make certain you are among the people to in fact generate income however in this situation ensure you research your threat level would you be all right offering your cash to another person which is effectively what you’re doing and trusting them make sure you comprehend what they’re investing in totally if you’re somebody who isn’t wanting to be that risky don’t choose someone who’s entirely into crypto or currency conversion think of it you ‘d most likely want a backbone of strong commodities
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like gold or perhaps 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 state you can really utilize this too truly easily over here you can copy individuals now it will provide you a great deal of choices and you can use the system to in fact search for someone that you elegant actually following so let’s see maybe we desire somebody from joined kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has actually fulfilled that criteria and it does provide you a threat aspect also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to verify are you fine with this and off you go now another way to in fact 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 investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is excellent so really for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s also got a bit more um of the type of main food companies and you’ve got you understand pharmaceutical and production business as that. Etoro Gear.
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