We get htis a lot on our site the answer to Connection Etoro….Questions that i hear from brand-new financiers what if you’re brand new to investing you simply do not want to decide what you in fact want to invest and you want someone to do it for you there’s only a number of ways that that can happen the first off you can work with a financial investment portfolio supervisor they’ll usually charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are developed 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 keep in mind this platform is rather advanced you can do cfds which naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t simply assume since i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they consider that choice too so you really get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re talking about how to copy other individuals’s financial investments with your money so obviously your capital is at danger and we need to bear that in mind do not simply do something because that individual has said they have actually made earnings 14 months in a row invest in these options due to the fact that you think is the ideal ones for you which being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is probably.
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popular for it’s the alternative to see what other traders are doing unbelievable we do not typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our money we can really say i wish to do precisely what that trader is doing or match that exact portfolio of choices and essentially every time they make a trade they purchase they offer whatever they do your money will be simulated with it so that indicates 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 costs involved really crucial you understand what are the expenses 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 included and even some of the absolutely no fee sites then may not charge you for really buying and selling funds or etfs individual commodities specific stocks.
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there’ll be fees on other parts possibly 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 understand before you really start purchasing copy trading or copy portfolios and lastly some best suggestions best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s begin with charges actually important to comprehend these now on there’s a couple of fees there isn’t charges to do with in fact buying and selling all right so commission charges are totally free nevertheless there are a number of other fees the first one is withdrawal fees so you can obviously put money in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your money so you sell your shares you sell your commodities 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 understanding that i’m going to make sure that i’m only withdrawing when i absolutely require to now you might say okay that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are just among those choices that they have a lot of platforms certainly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every six months you know depends completely how you’re investing but that is a fee to remember the 2nd charge that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and two open market anyone at all this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you kind of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee exists what are they actually 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 state offer me us dollars rather you need to pay their fees now the excellent thing about however when you have actually converted your money you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s actually excellent utilizing that part of their site won’t certainly restrict you in any way nevertheless we have to understand two other charges 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 show you
on is basically the difference that is part of the financial investment platform between the buy cost and the price alright 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 want to sell or buy as you can see it’s not the rate you’re seeing up here let me show you that again so the current price of tesla is the value of a share what’s called spread costs is the distinction then in fact to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to purchase 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 occur it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you want to sell it which is how they make a bit of cash on those spread out fees it’s usually 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 little bit cash now the last accomplishment is called an
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overnight cost now this is actually essential if you’re in fact utilizing cfds yourself as well an over night cost is when you’re refraining from doing that buy sell deal in the same day okay there’s then an overnight fee charged or even if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which implies you’re actually buying the exact property instead of using leverage anyhow you won’t get hit with these charges however these charges are if you’re using utilize and cfds and after that you’re going to have these charges if you’re not buy offering in the very same day so let’s say if you enter into the aid section this isn’t the over night charges information 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 only applies as i said to cfds there are some additional charges naturally depending on what you are investing in also this is on your own so keep that in mind however complete costs are entirely within their assistance information all right and we spoke about as well as free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various methods of really utilizing these copy operates they do not have any extra charges on top of the typical fees that
are there now what you need to bear in mind though is these possibly managed by other people completely or often have developed portfolios you’ve got a genuine person doing the management you have to make certain you select the person that’s right for you similar to any line of work this is your financial possessions so we absolutely require to make sure it’s the right individual for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a number of different alternatives 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 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 need to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are using your own money however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money maybe this is a terrific choice for you again to check the theories alright you may want to buy tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe play with it undoubtedly you might have missed out on gains and losses during that time naturally if you had invested your real money it permits 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 really how to copy people and copy portfolios now here’s something to keep in mind prior to 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 mean by that undoubtedly 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 run the risk of just indicates am i fine with potentially losing a great quantity of this financial investment or acquiring as
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well now remember whatever is downs and ups you will make money you’ll lose money that’s why they make the fact 75 people will lose money however that equally implies they’ll lose at some time in their journey certainly individuals do generate income also and i’ve got videos everything about how you can ensure you are among individuals to actually generate income however in this scenario make certain you research your danger level would you be alright offering your money to someone else which is successfully what you’re doing and trusting them ensure you understand what they’re purchasing completely if you’re somebody who isn’t wanting to be that dangerous do not select someone who’s entirely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong commodities
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like gold and even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can actually use this too actually easily over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to actually search for somebody that you fancy in fact following so let’s see maybe we want someone from united kingdom um who buys let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everybody who has actually satisfied that requirements and it does provide you a danger element as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
remember it’s like anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they might make four 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 understand ask you to verify are you all right with this and off you go now another way to really deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she really 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 know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got some of mine in fact that i invest in too which is great 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 seems to be what she chooses she’s also got a bit more um of the kind of primary food companies and you have actually got you understand pharmaceutical and production business as that. Connection Etoro.
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