We get htis a lot on our site the answer to Etoro Goodgoing Zero Sum Game….Concerns that i speak with brand-new financiers what if you’re brand new to investing you simply don’t wish to decide what you in fact want to invest and you desire somebody to do it for you there’s only a number of manner ins which that can take place the first off you can hire a financial investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is of course you can purchase mutual funds particular funds are created 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 an overall please remember this platform is rather innovative you can do cfds which naturally cfds are methods of investing
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with not really having the full amount 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 use it right away do some due diligence have a little experiment with it even invest with virtual cash they give that option too so you actually get utilized to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re purchasing genuine business if you choose to in this specific video we’re talking about how to copy other people’s financial investments with your cash so obviously your capital is at danger and we need to bear that in mind do not just do something because that individual has actually stated they’ve made revenue 14 months in a row purchase these options because you believe is the ideal ones for you and that being said let’s dive straight in [Music] The 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 probably.
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well-known for it’s the alternative to see what other traders are doing amazing we do not 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 cash we can in fact state i wish to do precisely what that trader is doing or match that precise portfolio of choices and generally every time they make a trade they purchase they sell whatever they do your money 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 money in so we’re going to also cover is the fees included really important you understand what are the expenses of this now with any platform there will be some cost to clearly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no fee sites then might not charge you for really buying and selling etfs or funds specific products individual stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs 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 understand prior to you really begin investing in copy trading or copy portfolios and finally some finest guidance finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s start with fees actually essential to comprehend these now on there’s a number of fees there isn’t costs to do with really buying and selling alright so commission charges are complimentary nevertheless there are a number of other fees the very first one is withdrawal costs so you can certainly put cash in now if you’re in the uk we put our uk cash.
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and it’s automatically 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 selling 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 only withdrawing when i definitely need to now you may state okay that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are just one of those options 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 largely it can be maybe 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 second charge that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’s great that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m great 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 two open market anybody this is basic they have i expect stuck to whatever fee they charge for that conversion rate you kind of have to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they in fact offering 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 give me us dollars instead you need to pay their fees now the excellent feature of though when you’ve transformed your cash you do not need to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s truly excellent using that part of their website won’t definitely restrict you in any way however we need to understand 2 other costs the first being what’s called spread fees all right and i’m going to reveal you what i mean on now a spread fee as i’m going to show you
on is essentially the distinction that is part of the investment platform between the buy price and the sale price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that actually suggests that when you want to buy or sell as you can see it’s not the price you’re seeing up here let me show you that again so the current cost of tesla is the value of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll discover this all over this is another way that they make a small amount of benefit from you whenever you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to sell so they’re going to give you less back with your sale and you state fine well why does that happen 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 want to sell it and that is how they make a bit of money on those spread out costs it’s generally exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit money now the last accomplishment is called an
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over night charge now this is really essential if you’re actually using cfds yourself also an overnight cost is when you’re not doing that buy sell transaction in the exact same day okay there’s then an overnight charge charged and even if you go from the friday to the monday prior to sailing a weekend charge 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 really buying the exact asset rather than using utilize anyhow you will not get hit with these fees but these charges are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy offering in the exact same day so let’s state if you enter into the assistance section this isn’t the over night fees info you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which only uses as i stated to cfds there are some service charges naturally depending on what you are investing in too this is on your own so keep that in mind however complete charges are totally within their aid details alright and we talked about along with complimentary to deposit in however there’s a 5 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 cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of really utilizing these copy functions they don’t have any additional costs on top of the regular fees that
are there now what you need to keep in mind though is these potentially handled by other individuals completely or often have created portfolios you’ve got a real person doing the management you have to ensure you choose the person that’s right for you just like any kind of work this is your monetary properties so we absolutely require to make sure it’s the right person for us prior to we copy them so the first things i would call it if you do wish to utilize 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 alternative to invest genuine money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play 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 essentially have this virtual portfolio simulate as if you are utilizing your own cash however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money perhaps this is a fantastic choice for you again to evaluate the theories fine you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe play with it obviously you may have lost out on gains and losses during that time of course if you had invested your real cash it permits you to build confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to bear in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i imply by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk simply suggests am i all right with potentially losing a good quantity of this financial investment or gaining as
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well now remember everything is downs and ups you will make money you’ll lose money that’s why they make the figure 75 people will lose money but that similarly means they’ll lose at some point in their journey undoubtedly individuals do make money too and i’ve got videos all about how you can ensure you are among individuals to in fact earn money but in this situation make sure you research your threat level would you be okay giving your money to another person which is effectively what you’re doing and trusting them make sure you comprehend what they’re purchasing completely if you’re somebody who isn’t wanting to be that risky do not pick someone who’s totally into crypto or currency conversion consider it you ‘d most likely want a backbone of strong products
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like gold or even oil plus more conventional 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 people now it will offer you a great deal of options and you can utilize the system to actually look for somebody that you elegant really following so let’s see perhaps we desire someone from united kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a great quantity and i can discover everybody who has actually met that requirements and it does provide you a threat element too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance 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 confirm are you okay with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine really that i invest in too which is great so really for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the type of primary food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Goodgoing Zero Sum Game.
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