We get htis a lot on our site the answer to Changing Username Etoro….Questions that i hear from brand-new financiers what if you’re brand new to investing you merely do not want to decide what you actually want to invest and you desire someone to do it for you there’s just a couple of manner ins which that can occur the firstly you can hire a financial investment portfolio manager they’ll normally 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 obviously you can buy mutual funds particular funds are developed 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 an overall please remember this platform is quite advanced 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 more about please do study the platform do not just presume due to the fact that i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they consider that choice also so you actually get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing real companies if you select to in this specific video we’re discussing how to copy other individuals’s investments with your cash so certainly your capital is at threat and we need to bear that in mind do not simply do something because that person has stated they’ve made revenue 14 months in a row invest in these choices since you believe is the ideal 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 understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.
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well-known for it’s the choice to see what other traders are doing unbelievable we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can really say i wish to do precisely what that trader is doing or match that specific portfolio of options and essentially each time they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that suggests 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 also cover is the fees involved truly crucial you comprehend what are the expenses of this now with any platform there will be some expense to obviously 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 sites then may not charge you for actually buying and selling funds or etfs individual products specific stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to know prior to you really start investing in copy trading or copy portfolios and lastly some finest advice finest practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s begin with costs really essential to comprehend these now on there’s a number of fees there isn’t fees to do with in fact buying and selling all right so commission costs are free however there are a number of other fees the first one is withdrawal costs so you can obviously put cash in now if you’re 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 later on but when you wish to withdraw your cash so you offer your shares you offer 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 naturally understanding that i’m going to make certain that i’m just withdrawing when i absolutely require to now you may state all right that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are just one of those options that they have a great deal of platforms undoubtedly are totally free 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 once every six months you know depends totally how you’re investing however that is a charge to bear in mind the second fee that i’ve discussed 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 fine that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading two and 2 open market anyone at all this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you kind of have to accept you know if you wish to utilize their platform go from uk to us then that conversion charge is there what are they really giving 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 give me us dollars instead you have to pay their costs now the excellent aspect of however when you’ve transformed your cash you do not need to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests 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 fees so that’s really good utilizing that part of their website won’t definitely limit you in any way nevertheless we need to know two other costs the very first being what’s called spread fees alright and i’m going to show you what i indicate on now a spread cost as i’m going to reveal you
on is generally the difference that is part of the investment platform between the buy cost and the list 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 value 599 per share in tesla that in fact implies that when you want to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current rate of tesla is the value of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of benefit from you every time you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you state all right well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you want to sell it and that is how they make a little bit of cash on those spread charges it’s generally exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a little bit cash now the last task is called an
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over night fee now this is actually important if you’re actually utilizing cfds yourself as well an overnight fee is when you’re not doing that buy sell transaction in the exact same day all right there’s then an over night charge charged or even if you go from the friday to the monday before cruising a weekend cost now this only 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 indicates you’re in fact buying the exact asset rather than using utilize anyhow you will not get hit with these fees but these fees are if you’re utilizing leverage and cfds and then you’re going to have these fees if you’re not buy offering in the exact same day so let’s state if you go into the help section this isn’t the over night costs details you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that just applies as i stated to cfds there are some surcharges obviously depending upon what you are investing in as well this is on your own so keep that in mind but complete fees are completely within their aid information alright and we talked about as well as complimentary to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of really utilizing these copy functions they don’t have any additional fees on top of the regular charges that
are there now what you require to bear in mind though is these possibly handled by other individuals totally or in some cases have developed portfolios you have actually got a real person doing the management you need to make certain you pick the person that’s right for you similar to any line of work this is your monetary properties so we definitely need to make certain it’s the ideal 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 number of different alternatives for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own cash but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine cash perhaps this is an excellent alternative for you again to check the theories okay you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe have fun with it clearly you might have lost out on gains and losses during that time of course if you had invested your real cash 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 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 remember 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 clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just implies am i fine with possibly losing a great quantity of this investment or acquiring as
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well now remember whatever is ups and downs you will earn money you’ll lose money that’s why they make the fact 75 people will lose money however that equally means they’ll lose at some time in their journey clearly individuals do make money also and i’ve got videos everything about how you can make certain you’re one of individuals to really generate income but in this circumstance make sure you research your risk level would you be all right giving your cash to another person which is efficiently what you’re doing and trusting them make sure you understand what they’re buying completely if you’re someone who isn’t wishing to be that risky do not select someone who’s completely into crypto or currency conversion think about it you ‘d probably desire 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 exact same with who you’re following now as i say you can really use this too actually quickly over here you can copy individuals now it will offer you a lot of choices and you can use the system to in fact look for someone that you expensive really following so let’s see possibly we desire somebody from joined kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has satisfied that requirements and it does provide you a risk factor also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety 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 mean 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 method to really deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she really purchasing so let’s go 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 definitely like kind of into those blue box and the tech industry she’s got a few of mine actually that i purchase too which is good so in fact for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s likewise got a little bit more um of the kind of main food business and you have actually got you know pharmaceutical and production companies as that. Changing Username Etoro.
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