We get htis a lot on our site the answer to Etoro Guide Save The Student….Concerns that i hear from new investors what if you’re brand new to investing you just don’t want to decide what you really wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can occur the to start with you can work with a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is obviously you can purchase mutual funds specific 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 too now if you’re brand new to an overall please keep in mind this platform is quite sophisticated you can do cfds which naturally cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform don’t simply assume since i utilize 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 alternative too so you actually get used to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re purchasing genuine business if you select to in this specific video we’re discussing how to copy other individuals’s investments with your cash so obviously your capital is at danger and we need to bear that in mind do not just do something since that person has said they’ve made earnings 14 months in a row invest in these options since you think is the ideal ones for you and that being said let’s dive straight in [Music] so 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 aspect that is probably.
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famous for it’s the choice to see what other traders are doing amazing we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can in fact state i wish to do precisely what that trader is doing or match that precise portfolio of options and basically every time they make a trade they buy they offer whatever they do your money will be simulated with it so that suggests if for instance 10 of their investment portfolio is 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 critical you comprehend what are the expenses of this now with any platform there will be some cost to clearly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no fee sites then might not charge you for actually buying and selling funds or etfs private commodities private stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re altering 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 costs with in particular in this video the next would be things to understand prior to you actually start purchasing copy trading or copy portfolios and finally some best suggestions finest practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s begin with charges truly important to understand these now on there’s a number of fees there isn’t charges to do with in fact buying and selling all right so commission costs are free nevertheless there are a number of other fees the first one is withdrawal charges so you can obviously 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 wish to withdraw your money 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 five dollars per withdrawal so for me of course understanding that i’m going to make certain that i’m just withdrawing when i absolutely need to now you may say alright that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are just one of those options that they have a great deal of platforms clearly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every 6 months you understand depends completely how you’re investing however that is a cost to keep in mind the 2nd charge that i have actually touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an option to purchase in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading two and two free trade anyone at all this is standard they have i suppose stuck to whatever cost they charge for that conversion rate you kind of need to accept you know if you wish to use their platform go from uk to us then that conversion fee exists what are they in fact providing 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 rather you need to pay their charges now the great thing about though when you have actually transformed your cash you do not have to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s actually great utilizing that part of their website will not certainly restrict you in any way however we have to be aware of two other costs the very first being what’s called spread fees all right and i’m going to reveal you what i suggest on now a spread charge as i’m going to reveal you
on is basically the distinction that belongs to the investment platform between the buy rate 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 right now tesla’s dollar worth 599 per share in tesla that really suggests that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present cost of tesla is the worth of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of profit from you each time you do a buyer’s share so keep that in mind clearly it’s more pricey to purchase than it is to sell so they’re going to provide 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 want to sell it which is how they make a bit of money on those spread charges it’s typically incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit cash now the last task is called an
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over night charge now this is truly crucial if you’re actually using cfds yourself as well an over night charge is when you’re not doing that buy sell deal in the very same day okay there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one take advantage of which suggests you’re really buying the precise possession instead of utilizing leverage anyhow you won’t get hit with these fees but these charges are if you’re utilizing utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you go into the assistance area this isn’t the overnight charges details 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 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 purchasing also this is on your own so keep that in mind however full fees are totally within their assistance information all right and we spoke about in addition to free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of in fact using these copy functions they don’t have any extra charges on top of the regular costs that
exist now what you require to remember though is these potentially managed by other people completely or often have developed portfolios you’ve got a real person doing the management you have to make sure you pick the person that’s right for you similar to any kind of work this is your monetary assets so we absolutely require to make certain it’s the ideal person for us prior to 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 options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not 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 money but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money perhaps this is an excellent choice for you once again to test the theories all right you might 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 certainly you might have missed out on gains and losses throughout that time naturally if you had actually invested your real money it allows you to build self-confidence understand the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to keep in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i suggest by that certainly 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 implies am i all right with potentially losing an excellent quantity of this investment or gaining as
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well now remember everything is downs and ups you will earn money you’ll lose money that’s why they make the statistic 75 people will lose money however that similarly indicates they’ll lose at some time in their journey undoubtedly people do generate income also and i have actually got videos everything about how you can make sure you are among the people to actually earn money however in this situation make certain you research your risk level would you be okay providing your cash to someone else which is effectively what you’re doing and trusting them make certain you comprehend what they’re investing in completely if you’re someone who isn’t wanting to be that dangerous do not select somebody who’s entirely into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually utilize this too actually easily over here you can copy people now it will give you a great deal of options and you can utilize the system to really search for someone that you fancy actually following so let’s see perhaps we desire somebody from united kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has actually fulfilled that criteria and it does provide you a risk aspect as well 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 individuals that have quite high returns
bear in mind it resembles anything to do with the news or forecasts 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 way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand 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 example ruby mza as an example you can actually deep dive into what is she in fact 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 definitely like sort of into those blue box and the tech industry she’s got some of mine really that i buy too which is great so in fact for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production business as that. Etoro Guide Save The Student.
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