We get htis a lot on our site the answer to Etoro Questions Answers….Concerns that i hear from brand-new financiers what if you’re brand new to investing you merely don’t wish to choose what you actually want to invest and you desire someone to do it for you there’s only a number of manner ins which that can occur the first off you can hire an investment portfolio supervisor 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 obviously you can purchase mutual funds specific 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 also now if you’re brand new to an overall please remember this platform is quite advanced you can do cfds which of course cfds are methods of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform don’t simply assume due to the fact that i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that alternative as well so you really 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 real companies if you pick to in this particular video we’re talking about how to copy other individuals’s financial investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not just do something since that individual has said they’ve made profit 14 months in a row buy these options due to the fact that you believe is the best ones for you which 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 becomes part of social trading which is one element that is most likely.
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well-known for it’s the option to see what other traders are doing extraordinary we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can really say i wish to do precisely what that trader is doing or match that specific portfolio of choices and generally every time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that means if for example 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 likewise cover is the charges involved truly vital you understand what are the costs of this now with any platform there will be some expense to clearly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the no charge sites then might not charge you for really buying and selling funds or etfs specific products individual stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing 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 know prior to you really start investing in copy trading or copy portfolios and finally some finest recommendations best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s begin with charges actually essential to comprehend these now on there’s a number of fees there isn’t charges to do with actually buying and selling alright so commission costs are free nevertheless there are a number of other charges the first one is withdrawal costs so you can certainly 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 later on however when you want to withdraw your cash so you offer your shares you sell 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 naturally understanding that i’m going to ensure that i’m just withdrawing when i absolutely need to now you may state alright that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are just one of those options that they have a lot of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every six months you know depends totally how you’re investing but that is a cost to keep in mind the second cost that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s great that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading 2 and 2 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 have to accept you know if you wish to use their platform go from uk to us then that conversion charge is there what are they actually providing 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 say provide me us dollars rather you have to pay their costs now the excellent thing about however when you have actually transformed your cash you do not have to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s actually excellent using that part of their site will not certainly limit you in any way however we have to be aware of 2 other costs the very first being what’s called spread charges okay and i’m going to show you what i indicate on now a spread fee as i’m going to show you
on is basically the distinction that is part of the investment platform between the buy price and the sale price alright it’s their premium on doing both those 2 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 actually implies that when you wish 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 present rate of tesla is the value of a share what’s called spread charges is the distinction then in fact to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of profit from you every time you do a purchaser’s share so keep that in mind certainly it’s more costly to buy than it is to offer so they’re going to offer 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 in between if you’re buying it then you want to offer it which is how they make a bit of cash on those spread out charges it’s typically exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a little bit cash now the last task is called an
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over night fee now this is really important if you’re in fact using cfds yourself too an overnight charge is when you’re refraining from doing that buy sell deal in the same day all right there’s then an over night cost charged or even if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one utilize which means you’re really purchasing the exact property rather than utilizing leverage anyhow you will not get hit with these costs but these costs are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you enter into the aid section this isn’t the overnight costs details you can see exactly the breakdown and it’ll tell 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 applies as i stated to cfds there are some additional charges of course depending upon what you are purchasing as well this is on your own so keep that in mind but full costs are completely within their help info fine and we spoke about along with free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of really using these copy works they don’t have any extra fees on top of the typical costs that
are there now what you require to keep in mind though is these possibly managed by other individuals totally or in some cases have developed portfolios you’ve got a real person doing the management you have to make sure you choose the individual that’s right for you much like any profession this is your monetary assets so we definitely need to ensure it’s the best individual 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 choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine 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 require to put in your charge card details or anything you can basically have this virtual portfolio mimic as if you are using your own money however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money possibly this is an excellent option for you once again to evaluate the theories all right you may wish to buy tesla or apple or this etf why not use the virtual alternative as a method to sort of safe play with it undoubtedly you may have missed out on gains and losses during that time of course if you had actually invested your genuine cash it permits you to develop confidence understand 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 keep in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i suggest by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk just indicates am i alright with potentially losing an excellent quantity of this financial 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 cash that’s why they make the figure 75 people will lose cash but that equally means they’ll lose at some point in their journey obviously individuals do make money as well and i have actually got videos everything about how you can ensure you’re one of the people to actually generate income however in this circumstance make certain you research your danger level would you be okay giving your money to somebody else which is effectively what you’re doing and trusting them make sure you understand what they’re purchasing totally if you’re somebody who isn’t wanting to be that dangerous do not pick someone who’s completely into crypto or currency conversion consider it you ‘d probably want a foundation of strong commodities
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like gold and even oil plus more traditional 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 state you can actually utilize this too really quickly over here you can copy individuals now it will offer you a lot of options and you can use the system to really search for somebody 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 have actually acquired at least 10 yeah that sounds reasonable that sounds a good amount and i can find everybody who has met that requirements and it does provide you a threat aspect too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to ensure 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 this person for instance ruby mza as an example you can really deep dive into what is she in fact purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is good so in fact for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the type of main food business and you have actually got you know pharmaceutical and production companies as that. Etoro Questions Answers.
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