We get htis a lot on our site the answer to Can You Use Etoro For Long Term Investments….Concerns that i hear from brand-new investors what if you’re brand new to investing you merely do not want to choose what you actually wish to invest and you want somebody to do it for you there’s just a number of manner ins which that can take place the first off you can employ a financial investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is naturally 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 also now if you’re brand new to a total please remember this platform is rather advanced you can do cfds which naturally cfds are methods of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform don’t just assume since i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they give that option as well so you actually 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 of course your capital is at risk this is investing we’re doing you’re investing in real companies if you select to in this particular video we’re talking about how to copy other individuals’s investments with your money so obviously your capital is at threat and we have to bear that in mind do not just do something because that individual has stated they’ve made earnings 14 months in a row invest in these choices because you believe is the right ones for you which being said let’s dive directly 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 aspect that is probably.
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famous for it’s the option to see what other traders are doing incredible we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can actually state i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and generally each time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that implies if for instance 10 of their financial 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 fees included truly important you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero charge websites then may not charge you for actually buying and selling funds or etfs individual products private stocks.
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there’ll be fees on other parts perhaps 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 fees with in particular in this video the next would be things to know prior to you actually begin investing in copy trading or copy portfolios and finally some best recommendations best practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s start with costs truly crucial to comprehend these now on there’s a number of costs there isn’t charges to do with really buying and selling fine so commission fees are complimentary however there are a number of other charges the very first one is withdrawal charges so you can obviously put money in now if you remain in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your money so you sell your shares you sell 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 make certain that i’m just withdrawing when i absolutely require to now you might state all right that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are simply one of those options that they have a lot of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every six months you know depends entirely how you’re investing however that is a charge to remember the 2nd cost that i’ve touched upon is that conversion cost now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’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 buying and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading 2 and 2 free trade anybody this is basic they have actually i suppose stuck to whatever cost they charge for that conversion rate you sort of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee is there what are they in fact offering you in terms of 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 give me us dollars instead you need to pay their costs now the terrific aspect of though when you have actually transformed your cash you do not have to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s actually good utilizing that part of their site will not certainly restrict you in any way however we have to be aware of two other fees the first being what’s called spread charges alright and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you
on is essentially the difference that belongs to the investment platform in between the buy cost and the sale price fine 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 value 599 per share in tesla that in fact indicates that when you wish to purchase or offer as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current cost of tesla is the worth of a share what’s called spread charges is the distinction then actually to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of profit from you each time you do a purchaser’s share so keep that in mind clearly 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 okay well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a little bit of money on those spread charges it’s usually incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit cash now the last accomplishment is called an
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over night cost now this is really essential if you’re actually utilizing cfds yourself too an overnight fee is when you’re refraining from doing that buy offer transaction in the very same day all right 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 just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which indicates you’re in fact buying the precise property instead of using utilize anyhow you will not get hit with these fees however these charges are if you’re utilizing take advantage of and cfds and after that you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you go into the aid area this isn’t the over night fees 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 over night or you’re doing over weekends and that just applies as i said to cfds there are some service charges of course depending upon what you are purchasing as well this is on your own so keep that in mind but full costs are totally within their aid information fine and we discussed as well as complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two various methods of in fact using these copy operates they do not have any additional charges on top of the typical costs that
are there now what you require to keep in mind though is these potentially handled by other individuals totally or often have developed portfolios you’ve got a real individual doing the management you have to make certain you pick the individual that’s right for you just like any kind of work this is your financial possessions so we definitely require to make sure it’s the right individual for us before we copy them so the first things i would call it if you do want to use this function we have actually got a couple of various options for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual ways i think 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 mimic as if you are utilizing your own money however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash maybe this is an excellent alternative for you again to test the theories okay you might wish to purchase tesla or apple or this etf why not use the virtual option as a way to sort of safe have fun with it certainly you might have missed out on gains and losses during that time of course if you had actually invested your genuine money it enables you to develop 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 really how to copy individuals and copy portfolios now here’s something to keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i imply by that certainly 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 risk just indicates am i okay with possibly losing a great amount of this financial investment or getting as
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well now remember everything is ups and downs you will make money you’ll lose money that’s why they make the figure 75 individuals will lose money but that equally implies they’ll lose eventually in their journey obviously individuals do generate income too and i have actually got videos all about how you can ensure you are among the people to in fact generate income however in this situation make sure you research your danger level would you be okay providing your money to another person which is effectively what you’re doing and trusting them make certain you comprehend what they’re purchasing fully if you’re somebody who isn’t wishing to be that risky don’t choose somebody who’s completely into crypto or currency conversion think of it you ‘d probably desire a foundation of strong commodities
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like gold or perhaps oil plus more standard 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 say you can actually utilize this too really easily over here you can copy people now it will provide you a great deal of options and you can utilize the system to in fact look for somebody that you elegant in fact following so let’s see possibly we desire someone from united kingdom um who buys let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has met that criteria and it does give you a threat element as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they might make 4 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 after that you know ask you to confirm are you fine with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she in fact purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine actually that i invest in too which is great so in fact for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s likewise got a little bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production companies as that. Can You Use Etoro For Long Term Investments.
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