We get htis a lot on our site the answer to Do You Pay Fees To Copy Trades On Etoro….Concerns that i hear from new investors what if you’re brand new to investing you simply do not wish to decide what you really wish to invest and you desire someone to do it for you there’s just a number of ways that that can happen the first off you can employ a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is of course you can buy mutual funds particular 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 too now if you’re brand new to an overall please keep in mind this platform is rather sophisticated you can do cfds which of course cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform do not just assume since 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 give that option as well so you in fact get utilized to the structure of the website and then 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 threat this is investing we’re doing you’re purchasing genuine business if you pick to in this particular video we’re talking about how to copy other individuals’s investments with your cash so certainly your capital is at risk and we have to bear that in mind do not simply do something since that person has actually stated they’ve made revenue 14 months in a row invest in these choices since you think is the ideal ones for you and that being said 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 belongs to 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 do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of choices and generally every time they make a trade they purchase they sell whatever they do your money will be simulated with it so that implies if for example 10 of their financial 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 fees included truly crucial you comprehend what are the costs of this now with any platform there will be some expense to certainly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the zero cost sites then may not charge you for in fact buying and selling etfs or funds specific products specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering 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 costs with in particular in this video the next would be things to understand before you really begin purchasing copy trading or copy portfolios and lastly some finest guidance finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with charges really important to comprehend these now on there’s a couple of costs there isn’t charges to do with really buying and selling okay so commission fees are complimentary nevertheless there are a number of other charges the very first one is withdrawal costs so you can undoubtedly put money in now if you remain in the uk we put our uk money.
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and it’s instantly 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 products whatever you’re offering the minimum quantity 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 just withdrawing when i definitely require to now you might state okay 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 among those options that they have a lot of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every six months you understand depends totally how you’re investing however that is a cost to keep in mind the second charge that i’ve touched upon is that conversion charge now with you’re handling us dollars only there’s not an alternative to buy in euros or uk and that’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 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 two free trade anybody this is basic they have actually i expect stuck with whatever fee they charge for that conversion rate you type of need to accept you know if you wish to utilize their platform go from uk to us then that conversion cost exists what are they actually providing you in regards to 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 offer me us dollars instead you need to pay their costs now the excellent aspect of though when you have actually transformed 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 buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s actually great utilizing that part of their website won’t certainly restrict you in any way nevertheless we have to be aware of 2 other costs the very first being what’s called spread charges fine and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you
on is essentially the distinction that is part of the investment platform in between the buy rate and the sale price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that in fact suggests that when you want to buy or offer as you can see it’s not the price you’re seeing up here let me show you that once again so the current price 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 discover this all over this is another manner in which they make a percentage of benefit from you whenever you do a purchaser’s share so keep that in mind certainly it’s more expensive to purchase than it is to sell so they’re going to provide you less back with your sale and you state alright well why does that happen it just 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 offer it and that is how they make a bit of cash on those spread out fees it’s typically incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a little bit cash now the last feat is called an
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over night fee now this is actually important if you’re in fact using cfds yourself as well an overnight charge is when you’re refraining from doing that buy sell deal in the same day alright there’s then an overnight cost charged and even if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one utilize which indicates you’re in fact purchasing the specific possession rather than utilizing utilize anyway you will not get hit with these costs but these charges are if you’re using utilize 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 exactly 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 which only uses as i said to cfds there are some surcharges of course depending upon what you are buying also this is on your own so keep that in mind but complete fees are completely within their help information fine and we discussed in addition to complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of actually utilizing these copy works they don’t have any additional fees on top of the regular costs that
are there now what you need to remember though is these potentially managed by other people entirely or sometimes have created portfolios you have actually got a real individual doing the management you need to ensure you pick the person that’s right for you just like any type of work this is your monetary possessions so we absolutely need to make sure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of different options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your credit card details or anything you can basically have this virtual portfolio imitate as if you are using your own money but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash possibly this is a fantastic alternative for you once again to evaluate the theories okay you may wish to buy tesla or apple or this etf why not utilize the virtual choice as a method to type of safe have fun with it obviously you may have missed out on gains and losses throughout that time naturally if you had invested your real money it permits you to develop self-confidence understand the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact 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 sure you understand what your danger 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 risk simply means am i fine with possibly losing an excellent amount of this financial investment or gaining as
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well now keep in mind everything is downs and ups you will earn money you’ll lose cash that’s why they make the statistic 75 people will lose cash however that similarly means they’ll lose at some time in their journey obviously individuals do make money too and i have actually got videos everything about how you can ensure you are among the people to really earn money but in this situation ensure you research study your risk level would you be all right offering your cash to somebody else which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re somebody who isn’t wanting to be that dangerous don’t select somebody who’s entirely into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can actually utilize this too actually easily over here you can copy people now it will give you a lot of choices and you can utilize the system to in fact search for somebody that you fancy in fact following so let’s see maybe we desire somebody from joined kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has actually satisfied that requirements and it does give you a risk aspect also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of people that have rather 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 way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to verify are you all right with this and off you go now another method to really deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she really purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine in fact that i purchase too which is excellent so really for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s also got a bit more um of the sort of primary food business and you have actually got you know pharmaceutical and production companies as that. Do You Pay Fees To Copy Trades On Etoro.
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