We get htis a lot on our site the answer to Etorono….Concerns that i speak with new investors what if you’re brand new to investing you just don’t want to choose what you in fact want to invest and you desire someone to do it for you there’s only a number of ways that that can take place the firstly you can employ an investment portfolio supervisor 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 of course you can buy mutual funds particular funds are produced 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 too now if you’re brand new to a total please keep in mind this platform is rather innovative 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 learning more about please do study the platform don’t simply assume due to the fact that i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they give that option as well so you in fact get used to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re buying genuine companies if you pick to in this specific video we’re discussing how to copy other people’s financial investments with your money so obviously your capital is at risk and we have to bear that in mind do not simply do something since that person has stated they’ve made revenue 14 months in a row purchase these options because you think is the best ones for you and that being stated let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending 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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popular for it’s the alternative to see what other traders are doing incredible we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our cash we can in fact state i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and essentially each time they make a trade they purchase they offer whatever they do your money will be simulated with it so that means if for instance 10 of their 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 costs involved truly crucial you understand 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 included and even a few of the zero cost sites then may not charge you for in fact buying and selling etfs or funds specific commodities specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand before you actually start purchasing copy trading or copy portfolios and finally some finest suggestions finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s begin with charges actually crucial to understand these now on there’s a couple of charges there isn’t charges to do with actually buying and selling fine so commission costs are complimentary nevertheless there are a couple of other fees the first one is withdrawal charges so you can undoubtedly put money in now if you’re 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 however when you wish to withdraw your money 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 knowing that i’m going to make sure that i’m only withdrawing when i definitely require to now you may state alright that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are just one of those choices that they have a lot of platforms certainly are free 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 once every 6 months you know depends totally how you’re investing but that is a cost to keep in mind the 2nd cost that i have actually discussed is that conversion cost now with you’re handling us dollars just 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 and even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading two and 2 free trade anybody this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you type of need to accept you understand if you want to utilize their platform go from uk to us then that conversion cost is there what are they really giving 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 charges now the terrific aspect of though when you have actually converted your money you do not have to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that means the preliminary day that you buy 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 excellent utilizing that part of their website won’t certainly limit you in any way nevertheless we have to be aware of two other fees the very first being what’s called spread costs alright and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you
on is essentially the distinction that becomes part of the financial investment platform in between the buy cost 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 website today tesla’s dollar worth 599 per share in tesla that actually suggests that when you wish to offer or buy 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 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 make money from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to buy 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 happen it just 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 sell it which is how they make a little bit of money on those spread fees it’s usually extremely small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a bit cash now the last task is called an
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overnight fee now this is really crucial if you’re really using cfds yourself also an overnight charge is when you’re refraining from doing that buy offer deal in the very same day all right there’s then an overnight cost charged or even if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one leverage which implies you’re in fact purchasing the exact property instead of utilizing take advantage of anyway you won’t get hit with these costs but these charges are if you’re using leverage and cfds and after that you’re going to have these charges if you’re not buy selling in the very same day so let’s state if you enter into the help section this isn’t the over night costs info you can see precisely the breakdown and it’ll inform you what are the charges what are the charges 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 obviously depending upon what you are investing in too this is on your own so keep that in mind but complete fees are entirely within their help info okay and we discussed 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 typical product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various methods of actually utilizing these copy operates they don’t have any additional fees on top of the normal fees that
exist now what you need to bear in mind though is these possibly handled by other individuals totally or often have actually developed portfolios you’ve got a genuine person doing the management you have to make certain you choose the person that’s right for you just like any type of work this is your financial possessions so we absolutely require to ensure it’s the ideal person for us prior to we copy them so the first things i would call it if you do want to utilize this function we’ve got a number 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 alternative 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 money that you’re investing you will not require to put in your credit card details or anything you can basically have this virtual portfolio mimic as if you are utilizing your own money however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real cash possibly this is a great choice for you once again to check the theories alright you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a method to type of safe play with it clearly you might 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 choice 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 pick someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i suggest 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 just indicates am i all right with potentially losing a great quantity of this investment or acquiring as
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well now remember whatever is ups and downs you will earn money you’ll lose money that’s why they make the fact 75 individuals will lose money but that similarly means they’ll lose eventually in their journey obviously individuals do make money too and i’ve got videos all about how you can make certain you are among individuals to in fact generate income but in this circumstance make sure you research your threat level would you be all right offering your cash to another person which is successfully what you’re doing and trusting them make certain you understand what they’re buying fully if you’re someone who isn’t wishing to be that dangerous do not select someone who’s entirely into crypto or currency conversion consider it you ‘d probably desire a backbone of strong products
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like gold or perhaps oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually utilize this too truly quickly over here you can copy people now it will provide you a lot of choices and you can use the system to really look for someone that you elegant really following so let’s see possibly we desire somebody from united kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds a great amount and i can find everyone who has satisfied that criteria and it does offer 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 undoubtedly there are a variety of people that have quite high returns
bear in mind it’s like 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 other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to confirm are you fine with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she actually investing in 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 excellent to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got a few of mine really that i purchase too which is great so really for me understanding what i like to buy 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 chooses she’s likewise got a bit more um of the sort of main food companies and you have actually got you know pharmaceutical and production business as that. Etorono.
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