We get htis a lot on our site the answer to Does Etoro Charge….Concerns that i hear from new investors what if you’re brand new to investing you merely do not want to choose what you actually want to invest and you desire someone to do it for you there’s just a number of ways that that can take place the first off you can work with a financial investment portfolio manager they’ll normally 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 of course you can buy 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 as well now if you’re brand new to an overall please remember this platform is rather sophisticated 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 discovering please do study the platform don’t just presume since i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they consider that alternative too so you really get utilized to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re purchasing real business if you choose to in this specific video we’re talking about how to copy other people’s financial investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something because that person has actually said they have actually made earnings 14 months in a row buy these options because you believe is the ideal ones for you which being said let’s dive straight in [Music] The things we’re going to cover in this video is comprehending 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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well-known for it’s the alternative to see what other traders are doing amazing we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can in fact state i wish to do exactly what that trader is doing or match that specific portfolio of options and basically whenever they make a trade they purchase they sell whatever they do your cash will be simulated 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 cash in so we’re going to also cover is the costs included actually crucial you understand what are the expenses of this now with any platform there will be some expense to certainly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the zero charge websites then might not charge you for really buying and selling funds or etfs private products specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees 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 really start buying copy trading or copy portfolios and finally some best advice best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s start with fees really essential to comprehend these now on there’s a couple of fees there isn’t costs to do with actually buying and selling okay so commission costs are totally free nevertheless there are a couple of other costs the very first one is withdrawal fees so you can certainly 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 later however when you want to withdraw your money so you sell your shares you sell your commodities 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 knowing that i’m going to make sure that i’m just withdrawing when i absolutely need to now you may say fine that’s rather 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 among those options that they have a lot of platforms certainly are 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 when every 6 months you know depends entirely how you’re investing but that is a cost to bear in mind the second cost that i’ve touched upon is that conversion cost now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’s fine that matches 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 great with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading two and two open market anybody this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you sort of need to accept you understand if you want to utilize their platform go from uk to us then that conversion cost is there what are they really offering 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 give me us dollars instead you have to pay their fees now the great feature of though when you have actually transformed your money you do not have to invest it right away 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 occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s truly excellent using that part of their site will not definitely restrict you in any way however we have to know 2 other fees the first being what’s called spread costs all right and i’m going to reveal you what i imply on now a spread charge as i’m going to show you
on is generally the difference that is part of the financial investment platform between the buy price and the list price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that really suggests that when you want to offer or purchase as you can see it’s not the rate you’re seeing up here let me show you that once again so the present cost of tesla is the worth of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of benefit from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you say alright well why does that occur it simply 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 want to sell it and that is how they make a little bit of money on those spread fees it’s typically incredibly 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 bit cash now the last feat is called an
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overnight cost now this is really important if you’re actually using cfds yourself as well an over night cost is when you’re refraining from doing that buy offer transaction in the same day all right there’s then an over night charge charged and even if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one utilize which suggests you’re really buying the precise asset instead of utilizing utilize anyway you will not get hit with these charges but these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the same day so let’s say if you go into the help area 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 fees then for when you’re doing over night or you’re doing over weekends and that only applies as i stated to cfds there are some surcharges of course depending upon what you are purchasing also this is on your own so keep that in mind but full charges are completely within their assistance information okay and we discussed in addition to complimentary to deposit in but there’s a five 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 cost now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of in fact utilizing these copy functions they do not have any extra costs 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 completely or sometimes have actually created portfolios you’ve got a real individual doing the management you need to ensure you pick the person that’s right for you similar to any type of work this is your financial properties so we absolutely need to make certain it’s the right individual 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 different options for us first off if you’re brand new to investing i wish 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 play with and it’s not real cash that you’re investing you won’t require to put in your credit card information or anything you can basically have this virtual portfolio mimic as if you are using your own money however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine cash perhaps this is an excellent choice for you once again to check the theories okay you may wish to buy tesla or apple or this etf why not utilize the virtual option as a way to type of safe play with it obviously you might have lost out on gains and losses during that time naturally if you had actually invested your real cash it permits you to construct self-confidence understand 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 bear 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 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 run the risk of just suggests am i fine with potentially losing a good 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 figure 75 people will lose money but that similarly implies they’ll lose eventually in their journey clearly individuals do earn money too and i have actually got videos everything about how you can make certain you’re one of the people to really make money but in this scenario make sure you research study your threat level would you be alright providing your money to someone else which is effectively what you’re doing and trusting them make certain you comprehend what they’re buying completely if you’re somebody who isn’t wishing to be that risky don’t select somebody who’s entirely into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities
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like gold or even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually utilize this too truly easily over here you can copy people now it will offer you a lot of choices and you can use the system to actually look for someone that you elegant in fact following so let’s see perhaps we want somebody from joined kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a great amount and i can discover everyone who has actually fulfilled that criteria and it does offer you a threat factor as well so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they might make four 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 know ask you to verify are you all right with this and off you go now another way to actually deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she in fact purchasing so let’s enter into portfolio and you can see she’s quite 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 kind of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is great so in fact for me understanding what i like to invest in my specific 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 business and you have actually got you know pharmaceutical and production business as that. Does Etoro Charge.
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