We get htis a lot on our site the answer to Cloturer Etoro….Questions that i hear from new financiers what if you’re brand new to investing you just don’t wish to choose what you actually want to invest and you want someone to do it for you there’s only a couple of manner ins which that can occur the to start with you can hire an investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is of course you can purchase mutual funds particular 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 as well now if you’re brand new to a total please bear in mind this platform is quite innovative you can do cfds which obviously cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re learning about please do study the platform do not just presume due to the fact that i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they give that choice too so you actually get utilized to the structure of the site and after that when you’re ready to utilize 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 buying genuine business if you choose to in this particular video we’re speaking about how to copy other individuals’s investments with your money so certainly your capital is at threat and we need to bear that in mind do not just do something since that individual has said they have actually made revenue 14 months in a row purchase these options due to the fact that you think is the right ones for you which being said 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’s part of social trading which is one element that is most likely.
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popular for it’s the choice 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 and so that indicates with our cash we can in fact say i want to do exactly what that trader is doing or match that specific portfolio of options and generally whenever they make a trade they buy they offer whatever they do your money will be simulated with it so that indicates if for example 10 of their 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 understand what are the costs of this now with any platform there will be some cost to obviously these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the absolutely no fee websites then might not charge you for really buying and selling etfs or funds individual products private stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering 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 know before you really begin buying copy trading or copy portfolios and lastly some best advice finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s begin with fees actually essential to understand these now on there’s a couple of costs there isn’t charges to do with actually buying and selling alright so commission fees are complimentary nevertheless there are a couple of other fees the very first one is withdrawal fees so you can undoubtedly put money in now if you’re in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your money so you sell your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to ensure that i’m only withdrawing when i absolutely require to now you might say alright that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are simply one of those alternatives that they have a great deal of platforms certainly are totally 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 when every 6 months you understand depends entirely how you’re investing however that is a fee to remember the 2nd charge that i’ve 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 matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading 2 and two open market anyone at all this is standard they have actually i expect stuck with whatever cost they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost exists what are they really offering 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 state offer me us dollars rather you need to pay their charges now the terrific thing about though when you’ve converted your money you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s truly excellent utilizing that part of their website will not definitely limit you in any way however we have to know 2 other charges the very first being what’s called spread charges all right and i’m going to reveal you what i mean on now a spread charge as i’m going to show you
on is basically the distinction that becomes part of the financial investment platform between the buy cost and the list 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 really indicates that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present cost of tesla is the value of a share what’s called spread charges is the distinction then really 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 profit from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to sell so they’re going to offer you less back with your sale and you say fine well why does that occur it simply does that is the nature of a great deal 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 out fees it’s usually exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit cash now the last feat is called an
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over night fee now this is really essential if you’re actually utilizing cfds yourself also an overnight charge is when you’re not doing that buy sell transaction in the same day okay there’s then an over night cost charged or even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which indicates you’re really buying the exact property instead of utilizing utilize anyway you won’t get hit with these charges however these fees are if you’re utilizing utilize 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 go 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 fees then for when you’re doing overnight or you’re doing over weekends which just applies as i stated to cfds there are some additional charges of course depending on what you are buying also this is on your own so keep that in mind however complete fees are entirely within their aid info fine and we discussed 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 typical product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different ways of in fact using these copy works they don’t have any additional fees on top of the regular costs that
are there now what you need to keep in mind though is these possibly handled by other people completely or in some cases have developed portfolios you’ve got a genuine individual doing the management you need to ensure you select the individual that’s right for you much like any kind of work this is your monetary properties so we definitely require to make sure 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 have actually got a couple of different choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual ways 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 need to put in your credit card details or anything you can generally have this virtual portfolio simulate as if you are using your own money however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real cash perhaps this is a terrific choice for you once again to check the theories all right you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe have fun with it undoubtedly you might have lost out on gains and losses during that time obviously if you had actually invested your genuine money it permits you to construct self-confidence comprehend the platform so that’s one alternative 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 bear in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i indicate by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply means am i all right with possibly losing an excellent amount of this investment or acquiring as
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well now keep in mind 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 means they’ll lose at some time in their journey certainly people do earn money as well and i’ve got videos everything about how you can make sure you are among the people to really make money however in this circumstance ensure you research study your threat level would you be fine offering your cash to another person which is effectively what you’re doing and trusting them make certain you understand what they’re investing in fully if you’re someone who isn’t wishing to be that dangerous don’t select someone who’s totally into crypto or currency conversion think of it you ‘d probably want a backbone of strong commodities
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like gold and even oil plus more standard etfs and index funds you might 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 utilize this too actually quickly over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to in fact look for someone that you elegant in fact following so let’s see perhaps we want somebody from joined kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has fulfilled that requirements and it does offer you a danger 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 individuals that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to verify are you fine 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 actually purchasing 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 great to understand ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got some of mine really that i purchase too which is good so really for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she prefers she’s also got a bit more um of the type of primary food business and you have actually got you know pharmaceutical and production companies as that. Cloturer Etoro.
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