We get htis a lot on our site the answer to Can I Make Money By Copying An Investor On Etoro….Concerns that i hear from brand-new financiers what if you’re brand new to investing you merely don’t want to choose what you really want to invest and you desire someone to do it for you there’s just a couple of ways that that can happen the to start with you can employ an investment portfolio manager they’ll usually charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are developed 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 as well now if you’re brand new to a total please bear in mind this platform is rather advanced you can do cfds which of course cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform do not just assume since i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that choice too so you really get used to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re purchasing genuine companies if you choose to in this particular video we’re talking about how to copy other people’s 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 stated they’ve made profit 14 months in a row invest in these choices since you believe is the right ones for you and that being stated let’s dive straight in [Music] The things we’re going to cover in this video is understanding 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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famous for it’s the alternative to see what other traders are doing extraordinary we don’t typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can really say i want to do exactly what that trader is doing or match that specific portfolio of choices and generally every time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that means if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the charges involved actually critical you understand what are the costs of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no charge websites then might not charge you for actually buying and selling funds or etfs specific commodities private stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges 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 in fact begin buying copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s start with costs truly important to comprehend these now on there’s a couple of charges there isn’t charges to do with really buying and selling okay so commission fees are complimentary nevertheless there are a couple of other fees the first one is withdrawal fees so you can undoubtedly put cash 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 want to withdraw your cash so you offer your shares you offer your products whatever you’re selling the minimum quantity 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 just withdrawing when i absolutely require to now you might state all right that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are simply among those alternatives that they have a great deal of platforms obviously are free 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 6 months you know depends entirely how you’re investing however that is a cost to bear in mind the second fee 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 which’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 charge now when you utilize anyone so if you’re utilizing trading two and two open market anyone at all this is basic they have i expect stuck to whatever charge they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion cost exists what are they actually offering you in regards to 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 offer me us dollars instead you have to pay their costs now the fantastic thing about though when you’ve converted your money you do not have to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates 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 additional fees so that’s truly great using that part of their site won’t certainly restrict you in any way however we need to understand two other fees the very first being what’s called spread fees all right and i’m going to show you what i imply on now a spread fee as i’m going to reveal you
on is generally the difference that belongs to the investment platform between the buy price and the price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that actually implies that when you want to sell or purchase as you can see it’s not the cost 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 charges is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you every time you do a buyer’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to offer you less back with your sale and you say all right 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 wish to offer it and that is how they make a little bit of cash on those spread fees it’s generally extremely little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a little bit money now the last feat is called an
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over night charge now this is really important if you’re in fact utilizing cfds yourself as well an over night fee is when you’re not doing that buy offer transaction in the exact same day fine there’s then an overnight charge charged or perhaps 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 commodity and utilizing time one take advantage of which suggests you’re in fact purchasing the specific property instead of using leverage anyway you won’t get hit with these charges but these charges 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 exact same day so let’s say if you go into the aid section this isn’t the over night charges details you can see exactly the breakdown and it’ll inform 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 applies as i stated to cfds there are some surcharges of course depending on what you are purchasing as well this is on your own so keep that in mind however full fees are completely within their aid details all right and we spoke about in addition to complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of in fact utilizing these copy operates they don’t have any additional costs on top of the regular fees that
exist now what you require to remember though is these potentially managed by other people totally or often have actually created portfolios you have actually got a real person doing the management you have to ensure you choose the individual that’s right for you similar to any profession this is your monetary possessions so we definitely need to make certain it’s the ideal person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of various choices 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 means i think 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 charge card information or anything you can essentially have this virtual portfolio mimic as if you are using your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money possibly this is a terrific choice for you once again to check the theories okay you may want to buy tesla or apple or this etf why not use the virtual option as a method to type of safe have fun with it clearly you might have missed out on gains and losses throughout that time naturally if you had invested your real cash it enables you to build self-confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind before you select 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 imply by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of just suggests am i fine with potentially losing a great quantity of this financial investment or acquiring as
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well now remember everything is downs and ups you will earn money you’ll lose money that’s why they make the fact 75 people will lose cash but that equally implies they’ll lose at some time in their journey undoubtedly people do make money too and i’ve got videos all about how you can ensure you are among the people to really earn money but in this scenario make certain you research study your risk level would you be fine giving your money to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re investing in completely if you’re someone who isn’t wishing to be that risky don’t pick somebody who’s completely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong products
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like gold or perhaps 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 really easily over here you can copy people now it will provide you a great deal of options and you can use the system to in fact look for somebody that you fancy in fact following so let’s see possibly we desire someone from unified kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has met that criteria and it does provide you a risk element as well so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of people 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 indicate someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you fine with this and off you go now another way to in fact 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 in fact buying so let’s go 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 know ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got some of mine in fact that i buy too which is good so actually for me understanding what i like to buy 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 prefers she’s likewise got a little bit more um of the kind of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Can I Make Money By Copying An Investor On Etoro.
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