We get htis a lot on our site the answer to Etoro App Safe….Questions that i hear from new investors what if you’re brand new to investing you simply do not wish to decide what you in fact want to invest and you want someone to do it for you there’s just a couple of ways that that can occur the to start with you can employ an investment portfolio supervisor they’ll usually charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific funds are developed 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 bear in mind this platform is rather sophisticated you can do cfds which of course cfds are ways 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 don’t just presume due to the fact that i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they give that option as well so you actually get utilized to the structure of the website and after that 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 buying genuine companies if you pick to in this specific video we’re speaking about how to copy other people’s financial investments with your money so clearly your capital is at threat and we need to bear that in mind do not just do something since that person has said they have actually made earnings 14 months in a row purchase these choices because you think is the right ones for you which being stated let’s dive straight in [Music] so the important 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 aspect that is most likely.
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well-known for it’s the alternative to see what other traders are doing unbelievable we don’t usually 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 want to do precisely what that trader is doing or match that specific portfolio of options and basically each time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that suggests if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees involved really vital you understand what are the expenses of this now with any platform there will be some cost to undoubtedly 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 some of the zero cost websites then may not charge you for actually buying and selling funds or etfs specific commodities specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs 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 understand prior to you in fact begin purchasing copy trading or copy portfolios and lastly some best advice best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s start with costs truly essential to understand these now on there’s a couple of costs there isn’t fees to do with actually buying and selling fine so commission charges are totally free however there are a number of other fees the first one is withdrawal charges so you can certainly put money in now if you’re 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 in the future but when you wish to withdraw your money so you sell your shares you offer 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 of course understanding that i’m going to make sure that i’m just withdrawing when i definitely need to now you may state okay that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are just among those alternatives that they have a great deal of platforms undoubtedly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every 6 months you know depends completely how you’re investing however that is a fee to bear in mind the 2nd cost that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not an option to purchase in euros or uk and that’s great that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading two and 2 free trade anyone at all this is basic they have actually i suppose stuck with whatever charge they charge for that conversion rate you sort of need 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 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 provide me us dollars rather you have to pay their costs now the great aspect of though when you have actually transformed your cash you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that implies 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 really good using that part of their website won’t certainly restrict you in any way however we need to know two other fees the first being what’s called spread costs okay and i’m going to show you what i imply on now a spread charge as i’m going to reveal you
on is generally the difference that becomes part of the financial investment platform in between the buy rate and the price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that really means that when you want to purchase or sell as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing cost of tesla is the worth of a share what’s called spread costs is the difference then in fact to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind obviously it’s more pricey to purchase than it is to sell so they’re going to give you less back with your sale and you state fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you want to offer it which is how they make a 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 location every investment firm will again make a bit cash now the last task is called an
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overnight fee now this is really crucial if you’re in fact using cfds yourself too an overnight cost is when you’re refraining from doing that buy sell deal in the very same day all right there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which suggests you’re really purchasing the precise asset rather than utilizing utilize anyhow you won’t get hit with these fees but these charges are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you go into the aid section this isn’t the overnight 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 overnight or you’re doing over weekends and that just uses as i said to cfds there are some service charges of course depending on what you are purchasing too this is on your own so keep that in mind but full charges are entirely within their help info fine and we spoke about along with free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of actually utilizing these copy operates they don’t have any additional costs on top of the regular costs that
are there now what you require to keep in mind though is these potentially managed by other people completely or often have developed portfolios you have actually got a genuine person doing the management you need to make certain you choose the individual that’s right for you much like any profession this is your monetary possessions so we definitely require to make certain it’s the best individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a number of various alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual means 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 basically have this virtual portfolio simulate as if you are using your own money but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash possibly this is a terrific alternative for you once again to check the theories okay you might want to buy tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe play with it clearly you might have lost out on gains and losses throughout that time of course if you had invested your real money it allows you to construct self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to remember before you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i imply by that obviously 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 indicates am i alright with possibly losing a great quantity of this financial investment or gaining as
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well now remember everything is downs and ups you will make money you’ll lose money that’s why they make the figure 75 individuals will lose cash but that equally means they’ll lose at some time in their journey certainly individuals do make money also and i’ve got videos all about how you can make sure you’re one of the people to in fact make money but in this scenario make sure you research your threat level would you be okay providing your money to someone else which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re somebody who isn’t wishing to be that dangerous do not pick someone who’s entirely into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong products
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like gold or even oil plus more traditional etfs and index funds you might not desire 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 actually quickly over here you can copy individuals now it will provide you a lot of options and you can use the system to in fact look for someone that you expensive actually following so let’s see perhaps we desire somebody from joined kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds a great quantity and i can find everyone who has met that requirements and it does provide you a danger element as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have quite high returns
remember it’s like anything to do with the news or predictions of the future this does not suggest someone 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 basic as clicking the copy button and off you go and after that you know ask you to verify are you fine with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she really buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s definitely like type 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 really for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s likewise got a little bit more um of the type of primary food business and you’ve got you know pharmaceutical and production business as that. Etoro App Safe.
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