We get htis a lot on our site the answer to Etoro Good For Long Term Investment….Concerns that i hear from new investors what if you’re brand new to investing you simply do not want to choose what you actually want to invest and you want someone to do it for you there’s just a couple of ways that that can take place the first off you can hire an investment portfolio supervisor they’ll usually charge a quite a high premium to do that maybe one or two percent of your earnings will go to them the other thing is of course you can buy mutual funds specific funds are developed once 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 quite sophisticated you can do cfds which obviously cfds are methods 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 simply assume because i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they consider that option also so you really 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 risk this is investing we’re doing you’re investing in real companies if you pick to in this particular video we’re speaking about how to copy other individuals’s investments with your cash so obviously your capital is at threat and we have to bear that in mind do not simply do something because that person has actually stated they’ve made revenue 14 months in a row invest in these options because you think is the right ones for you and that 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’s part of social trading which is one element that is most likely.
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well-known for it’s the choice to see what other traders are doing unbelievable we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can really say i want to do exactly what that trader is doing or match that exact portfolio of choices and basically each time they make a trade they purchase they sell whatever they do your cash will be imitated with it so that implies if for example 10 of their financial investment portfolio is 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 really vital you comprehend what are the expenses of this now with any platform there will be some expense to obviously these are genuine 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 zero fee sites then may not charge you for actually buying and selling etfs or funds private products private 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 kinds of charges 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 understand prior to you really start investing in copy trading or copy portfolios and finally some best recommendations best practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s kick off with costs actually crucial to understand these now on there’s a couple of costs there isn’t charges to do with really buying and selling fine so commission charges are totally free nevertheless there are a number of other fees the 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 immediately converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your cash so you sell your shares you sell your commodities 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 obviously knowing that i’m going to ensure that i’m just withdrawing when i definitely require to now you may state okay that’s quite pricey 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 among those choices that they have a great deal of platforms undoubtedly are totally 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 as soon as every 6 months you understand depends entirely how you’re investing but that is a charge to remember the second cost that i have actually touched upon is that conversion fee now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps 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 utilizing trading two and two free trade anybody this is standard they have actually i expect stuck to whatever charge they charge for that conversion rate you kind of have to accept you understand if you wish to use their platform go from uk to us then that conversion fee exists what are they actually offering 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 provide me us dollars instead you have to pay their fees now the terrific aspect of though when you have actually transformed your money you do not need to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s actually good using that part of their website will not definitely restrict you in any way nevertheless we need to know two other fees the very first being what’s called spread fees okay and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is essentially the difference that belongs to the investment platform in between the buy price and the price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that really implies that when you wish to sell or purchase as you can see it’s not the price you’re seeing up here let me show you that again so the current rate of tesla is the value of a share what’s called spread charges is the distinction then really 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 every time you do a buyer’s share so keep that in mind obviously it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you state alright well why does that occur it simply 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 want to offer it which is how they make a bit of money on those spread out fees it’s usually exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit money now the last task is called an
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overnight cost now this is actually essential if you’re in fact utilizing cfds yourself also an over night charge is when you’re refraining from doing that buy offer deal in the exact same day alright there’s then an overnight cost charged or even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one leverage which indicates you’re in fact buying the specific possession instead of using take advantage of anyhow you won’t get hit with these costs however these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you go into the assistance section this isn’t the over night costs information 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 which just uses as i stated to cfds there are some additional charges of course depending upon what you are buying as well this is on your own so keep that in mind however complete costs are completely within their help information okay and we talked about as well as free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of in fact utilizing these copy works they don’t have any extra fees on top of the normal charges that
exist now what you require to bear in mind though is these potentially handled by other individuals completely or often have developed portfolios you have actually got a genuine individual doing the management you have to make sure you pick the individual that’s right for you just like any line of work this is your financial assets so we definitely need to ensure it’s the ideal person for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of different alternatives 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 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 require to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine cash possibly this is a great option for you once again to evaluate the theories fine you may want to purchase tesla or apple or this etf why not use the virtual option as a method to type of safe have fun with it clearly you might have missed out on gains and losses during that time naturally if you had invested your real cash it permits you to build self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy people 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 understand what your threat profile is now what do i indicate by that undoubtedly 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 just implies am i all right with potentially losing a great quantity of this investment or getting as
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well now remember whatever is ups and downs you will make money you’ll lose money that’s why they make the fact 75 individuals will lose cash however that equally means they’ll lose at some time in their journey clearly people do generate income as well and i’ve got videos all about how you can ensure you’re one of individuals to actually make money however in this scenario make certain you research study your risk level would you be okay giving your cash to another person which is successfully what you’re doing and trusting them make certain you comprehend what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous don’t choose someone who’s completely into crypto or currency conversion think about it you ‘d probably want a foundation of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may 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 really use this too truly easily over here you can copy individuals now it will provide you a lot of choices and you can utilize the system to in fact search for somebody that you fancy really following so let’s see possibly we desire somebody from joined kingdom um who invests in let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can discover everyone who has actually fulfilled that requirements and it does provide you a risk factor too 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 individuals that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that 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 instance ruby mza as an example you can actually deep dive into what is she really purchasing so let’s go into portfolio and you can see she’s quite 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 a few of mine actually that i buy too which is excellent so really for me knowing what i like to purchase my specific 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 primary food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Good For Long Term Investment.
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