We get htis a lot on our site the answer to P L Etoro….Questions that i speak with new financiers what if you’re brand new to investing you just don’t want to decide what you actually wish to invest and you want someone to do it for you there’s just a couple of manner ins which that can occur the to start with you can hire a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that possibly one or two percent of your earnings will go to them the other thing is obviously you can purchase mutual funds particular funds are created 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 too now if you’re brand new to an overall 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 really having the total of capital so with anything that you’re learning more about please do study the platform don’t just presume because i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they give that alternative too so you in fact get utilized to the structure of the website and after that when you’re ready to use your own cash 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 companies if you choose to in this particular video we’re speaking about how to copy other individuals’s investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not simply do something since that person has stated they have actually made revenue 14 months in a row buy these choices due to the fact that you think is the right ones for you which being said 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 most likely.
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popular for it’s the option to see what other traders are doing unbelievable 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 implies with our money we can actually state i want to do exactly what that trader is doing or match that specific portfolio of options and basically each time they make a trade they buy they sell whatever they do your cash will be imitated with it so that suggests 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 also cover is the charges included actually important you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero fee websites then may not charge you for really buying and selling funds or etfs individual products specific 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 fees 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 understand prior to you in fact begin purchasing copy trading or copy portfolios and lastly some best guidance best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s begin with costs really essential to comprehend these now on there’s a number of charges there isn’t costs to do with actually buying and selling all right so commission fees are complimentary however there are a couple of other costs the first one is withdrawal charges so you can clearly put cash 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 in the future however when you wish to withdraw your cash so you sell your shares you offer your commodities whatever you’re selling the minimum amount 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 certain that i’m just withdrawing when i definitely require to now you might say okay that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are simply one of those options that they have a lot of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you understand depends completely how you’re investing however that is a fee to keep in mind the 2nd cost that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to buy 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 and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading two and two free trade anybody this is basic they have i expect stuck to whatever cost they charge for that conversion rate you kind of have to accept you understand if you wish to use their platform go from uk to us then that conversion cost 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 say provide me us dollars instead you need to pay their costs now the fantastic thing about however when you’ve converted your cash you do not need to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually great utilizing that part of their website will not certainly restrict you in any way nevertheless we have to know 2 other charges the first being what’s called spread costs alright and i’m going to reveal you what i mean on now a spread cost as i’m going to reveal you
on is generally the difference that belongs to the investment platform between the buy rate and the sale price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that actually suggests that when you wish to sell or buy as you can see it’s not the cost you’re seeing up here let me show you that once again so the current rate of tesla is the worth of a share what’s called spread fees is the difference then actually to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of profit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to buy than it is to offer so they’re going to provide you less back with your sale and you say fine well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction in 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 normally extremely small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a bit money now the last task is called an
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over night cost now this is truly crucial if you’re really utilizing cfds yourself also an overnight cost is when you’re refraining from doing that buy offer deal in the exact same day okay there’s then an over night fee charged and even if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one leverage which indicates you’re actually purchasing the exact possession rather than utilizing utilize anyhow you will not get hit with these costs but these charges are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s state if you go into the assistance area this isn’t the overnight charges info you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only uses as i stated to cfds there are some service charges of course depending upon what you are buying as well this is on your own so keep that in mind but complete fees are entirely within their assistance information fine and we spoke about as well as totally free 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 everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different ways of actually utilizing these copy works they do not have any extra fees on top of the normal fees that
exist now what you need to bear in mind though is these possibly handled by other people completely or sometimes have produced portfolios you’ve got a genuine person doing the management you need to ensure you pick the individual that’s right for you just like any kind of work this is your financial properties so we absolutely require to make sure it’s the ideal person for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of various options for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your charge card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing 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 genuine money maybe this is an excellent option for you again to test the theories alright you might want to purchase tesla or apple or this etf why not use the virtual choice as a way to type of safe play with it undoubtedly you might have lost out on gains and losses throughout that time naturally if you had invested your genuine cash it allows you to construct self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back 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 remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i imply by that obviously 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 means am i all right with potentially losing a great amount of this investment or gaining as
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well now remember whatever is downs and ups you will generate income you’ll lose money that’s why they make the fact 75 individuals will lose cash however that equally implies they’ll lose at some point in their journey clearly people do generate income too and i’ve got videos all about how you can ensure you are among the people to actually make money but in this scenario make certain you research your risk level would you be all right offering your cash to another person which is successfully what you’re doing and trusting them make sure you comprehend what they’re investing in fully if you’re someone who isn’t wanting to be that risky do not select somebody who’s entirely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong products
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like gold and even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can really use this too truly quickly over here you can copy people now it will provide you a great deal of choices and you can use the system to really search for someone that you fancy in fact following so let’s see perhaps we desire somebody from joined kingdom um who purchases let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds a great quantity and i can find everybody who has fulfilled that criteria and it does give you a danger factor too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have rather high returns
keep in mind 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 way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to verify are you all right with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she really investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got a few of mine really that i invest in too which is good so actually for me knowing 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 appears to be what she chooses she’s likewise got a little bit more um of the sort of main food companies and you have actually got you know pharmaceutical and production companies as that. P L Etoro.
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