We get htis a lot on our site the answer to Etoro Wallet Destination Tag….Questions that i speak with brand-new investors what if you’re brand new to investing you simply do not wish to choose what you in fact wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can happen the first off you can work with an investment portfolio manager they’ll normally charge a quite a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds specific 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 as well now if you’re brand new to an overall please keep in mind this platform is rather sophisticated you can do cfds which obviously cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just assume since i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that choice 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 of course your capital is at risk this is investing we’re doing you’re purchasing genuine companies if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not just do something because that individual has actually stated they have actually made revenue 14 months in a row purchase these choices because you believe is the ideal ones for you which being said let’s dive directly 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 aspect that is most likely.
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famous for it’s the choice to see what other traders are doing unbelievable we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can in fact say i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and basically each time they make a trade they purchase they offer whatever they do your cash will be simulated with it so that means if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the charges included actually vital you comprehend what are the costs 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 some of the absolutely no charge sites then may not charge you for in fact buying and selling funds or etfs specific commodities specific 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 costs 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 know before you in fact begin investing in copy trading or copy portfolios and finally some best advice best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s start with costs really important to comprehend these now on there’s a number of costs there isn’t costs to do with really buying and selling all right so commission costs are complimentary nevertheless there are a couple of other charges the first one is withdrawal charges so you can clearly put money in now if you’re in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your money so you sell your shares you offer 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 ensure that i’m just withdrawing when i definitely require to now you might state all right that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are simply among those options that they have a lot of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every six months you know depends entirely how you’re investing but that is a fee to keep in mind the second fee that i have actually touched upon is that conversion fee now with you’re handling us dollars just there’s not an option to purchase in euros or uk and that’s fine that fits 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 fee now when you use anybody so if you’re using trading 2 and 2 free trade anyone at all this is basic they have actually i suppose stuck to whatever cost they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion cost is there what are they actually offering you in regards to 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 charges now the great aspect of however when you have actually transformed your money you do not have to invest it immediately that dollar worth can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s really great utilizing that part of their website will not definitely limit you in any way nevertheless we have to know 2 other charges the first being what’s called spread charges all right and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is essentially the distinction that is part of the financial investment platform between the buy price and the list 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 indicates that when you wish to offer or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the existing cost of tesla is the value of a share what’s called spread charges is the difference then in fact to buy that share on the platform and you’ll find this all over this is another way that they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind certainly 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 say all right well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread costs it’s normally incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a bit money now the last task is called an
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over night cost now this is actually crucial if you’re actually utilizing cfds yourself too an over night cost is when you’re not doing that buy offer transaction in the exact same day all right there’s then an overnight charge charged or even if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which suggests you’re really buying the exact asset instead of utilizing utilize anyhow you will not get hit with these fees however these fees are if you’re utilizing utilize and cfds and then 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 aid area this isn’t the overnight charges details you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that just applies as i stated to cfds there are some additional charges of course depending upon what you are purchasing also this is on your own so keep that in mind but full charges are entirely within their aid information okay and we discussed along with free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different ways of really utilizing these copy works they do not have any extra fees on top of the normal costs that
exist now what you need to keep in mind though is these potentially handled by other individuals completely or often have actually developed portfolios you’ve got a real person doing the management you need to make sure you choose the person that’s right for you much like any line of work this is your financial assets so we absolutely require 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 alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play 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 mimic as if you are utilizing your own money however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash maybe this is a great option for you once again to test the theories all right you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe have fun with it obviously you may have missed out on gains and losses during that time obviously if you had invested your real money it permits you to build self-confidence understand the platform so that’s one option 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 individuals and copy portfolios now here’s something to keep in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i mean by that clearly 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 simply suggests am i all right with possibly losing a good quantity of this financial 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 statistic 75 individuals will lose money but that equally means they’ll lose at some time in their journey certainly individuals do make money as well and i’ve got videos all about how you can make sure you are among the people to actually earn money however in this circumstance make sure you research your danger level would you be okay offering your cash to somebody else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re purchasing totally if you’re someone who isn’t wishing to be that dangerous don’t pick someone who’s entirely into crypto or currency conversion consider 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 really use this too truly quickly over here you can copy individuals now it will offer you a great deal of options and you can utilize the system to really look for someone that you elegant actually following so let’s see perhaps we desire someone from united kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a great quantity and i can find everyone who has actually met that requirements and it does provide you a danger element as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to guarantee 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 actually deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she in fact investing in so let’s go 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 know ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got a few of mine in fact that i purchase too which is great so actually for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s also got a bit more um of the type of main food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Wallet Destination Tag.
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