We get htis a lot on our site the answer to Amine Raghib Article Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t want to choose what you really want to invest and you want somebody to do it for you there’s only a number of ways that that can take place the to start with you can employ an investment portfolio supervisor they’ll typically charge a rather a high premium to do that possibly one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds specific 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 a total please bear in mind this platform is rather innovative you can do cfds which obviously cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning more about please do study the platform don’t just assume since 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 choice as well so you in fact get utilized to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re purchasing genuine business if you choose to in this particular video we’re talking about how to copy other people’s investments with your cash so obviously your capital is at threat and we need to bear that in mind do not just do something since that individual has actually said they have actually 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 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 element that is probably.
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well-known for it’s the alternative to see what other traders are doing incredible 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 implies with our money we can really state i want to do precisely what that trader is doing or match that exact portfolio of alternatives and generally whenever they make a trade they purchase they offer whatever they do your cash 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 money in so we’re going to likewise cover is the costs involved actually crucial you comprehend 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 involved and even some of the no cost 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 costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds 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 understand prior to you really start purchasing copy trading or copy portfolios and lastly some finest recommendations best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s kick off with costs truly crucial to understand these now on there’s a number of fees there isn’t costs to do with actually buying and selling fine so commission fees are totally free nevertheless there are a number of other charges the first one is withdrawal fees 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 instantly 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 sell your shares you sell your products whatever you’re offering the minimum quantity 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 sure that i’m only withdrawing when i definitely require to now you might say fine that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are simply among those options that they have a lot of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every six months you know depends completely how you’re investing however that is a charge to remember the second cost that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk and that’s fine that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading two and 2 free trade anyone at all this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you sort of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge is there what are they actually giving 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 state provide me us dollars rather you need to pay their costs now the terrific thing about however when you have actually transformed your cash you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that means the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s truly great using that part of their site won’t certainly limit you in any way however we need to know two other fees the first being what’s called spread charges fine and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you
on is essentially the difference that belongs to the financial investment platform in between the buy cost 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 means that when you wish to offer or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing cost of tesla is the worth of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of benefit from you every time 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 state alright well why does that happen it just 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 and that is how they make a bit of cash on those spread out fees it’s normally incredibly little 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 feat is called an
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over night charge now this is truly essential if you’re actually using cfds yourself too an overnight charge is when you’re refraining from doing that buy sell deal in the same day okay there’s then an overnight charge charged or even if you go from the friday to the monday prior to 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 actually buying the precise asset rather than using leverage anyway you will not get hit with these charges but 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 very same day so let’s say if you enter into the assistance section this isn’t the overnight costs information 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 over night or you’re doing over weekends which just uses as i said to cfds there are some service charges naturally depending on what you are purchasing as well this is on your own so keep that in mind however complete charges are entirely within their help information alright and we talked about along with complimentary to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal 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 actually utilizing these copy functions they don’t have any extra fees on top of the normal fees that
are there now what you need to remember though is these potentially handled by other individuals completely or in some cases have actually created portfolios you have actually got a genuine person doing the management you need to make sure you select the individual that’s right for you similar to any line of work this is your monetary possessions so we absolutely need to make certain it’s the right individual 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 different alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real cash maybe this is a terrific option for you once again to test the theories fine you might want to purchase tesla or apple or this etf why not use the virtual option as a method to sort of safe have fun with it undoubtedly you may have missed out on gains and losses throughout that time naturally if you had actually invested your real money it enables you to build self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i suggest by that obviously 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 just suggests am i all right with possibly losing an excellent quantity of this investment or gaining as
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well now remember everything is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 people will lose money but that similarly indicates they’ll lose at some time in their journey obviously people do generate income as well and i have actually got videos everything about how you can make certain you’re one of the people to really make money however in this circumstance ensure you research your danger level would you be all right offering your money to someone else which is successfully what you’re doing and trusting them make certain you understand what they’re buying completely if you’re someone who isn’t wanting to be that risky don’t select somebody who’s completely into crypto or currency conversion think of it you ‘d most likely want a backbone of strong products
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like gold and even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really utilize this too truly easily over here you can copy individuals now it will provide you a lot of choices and you can utilize the system to really look for somebody that you elegant really following so let’s see possibly we desire someone from united kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everybody who has satisfied that criteria 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 variety 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 imply somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure so do keep that in mind and as simple 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 way to in fact deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she actually investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got some of mine really that i purchase too which is excellent so really for me knowing what i like to purchase my private 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 likewise got a little bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production companies as that. Amine Raghib Article Etoro.
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