We get htis a lot on our site the answer to Etoro Broker App….Questions that i hear from brand-new investors what if you’re brand new to investing you simply do not want to decide what you actually want to invest and you desire someone to do it for you there’s only a couple of ways that that can occur the first of all you can work with a financial investment portfolio manager they’ll normally charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is of course you can purchase mutual funds specific funds are created once 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 also now if you’re brand new to an overall please remember this platform is rather innovative you can do cfds which of course cfds are ways 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 simply assume since i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they give that alternative also so you actually get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in real business if you choose to in this specific video we’re discussing how to copy other people’s investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not just do something because that person has said they’ve made earnings 14 months in a row invest in these choices since you think is the ideal 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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well-known for it’s the choice to see what other traders are doing extraordinary we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can really state i want to do exactly what that trader is doing or match that specific portfolio of alternatives and basically each time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that suggests if for example 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 charges included truly vital you comprehend what are the costs of this now with any platform there will be some cost to obviously these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero fee sites then may not charge you for really buying and selling funds or etfs individual commodities individual 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 charges associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know prior to you really start buying copy trading or copy portfolios and lastly some finest recommendations finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s kick off with fees really important to understand these now on there’s a number of costs there isn’t fees to do with really buying and selling alright so commission costs are free nevertheless there are a number of other charges the first one is withdrawal charges so you can certainly put money in now if you’re in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your cash so you offer your shares you sell your products whatever you’re selling the minimum quantity 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 ensure that i’m only withdrawing when i absolutely require to now you might state okay that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are simply among those alternatives that they have a great deal of platforms undoubtedly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every six months you know depends completely how you’re investing however that is a charge to remember the second fee that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not an option to buy 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 great with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading two and 2 free trade anyone at all this is basic they have i expect stuck to whatever cost they charge for that conversion rate you type of have to accept you know if you want to use their platform go from uk to us then that conversion cost exists what are they in fact giving you in terms of 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 offer me us dollars rather you need to pay their fees now the excellent feature of however when you’ve converted your cash 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 indicates the initial day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s really excellent utilizing that part of their website will not definitely limit you in any way nevertheless we need to understand two other costs the very first being what’s called spread fees alright and i’m going to show you what i imply on now a spread charge as i’m going to show you
on is basically the distinction that belongs to the investment platform between the buy cost and the price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that actually implies that when you wish to buy or offer as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing cost of tesla is the value of a share what’s called spread fees is the distinction then really to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of make money from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to offer so they’re going to offer you less back with your sale and you state okay 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 little bit of cash on those spread out charges it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a little bit money now the last task is called an
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overnight cost now this is truly important if you’re really utilizing cfds yourself too an overnight cost is when you’re refraining from doing that buy sell transaction in the same day alright there’s then an overnight fee charged and even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which means you’re in fact purchasing the specific asset instead of using utilize anyway you won’t get hit with these costs however these fees are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you enter into the aid section this isn’t the over night fees information you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which only applies as i said to cfds there are some surcharges of course depending on what you are purchasing also this is on your own so keep that in mind however full charges are totally within their assistance info fine and we talked about along with free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of actually utilizing these copy works they don’t have any additional costs on top of the normal fees that
exist now what you require to keep in mind though is these possibly managed by other individuals completely or often have developed portfolios you have actually got a genuine individual doing the management you have to make certain you select the individual that’s right for you similar to any line of work this is your monetary assets so we definitely need to ensure it’s the right individual for us prior to 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 first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play 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 basically have this virtual portfolio mimic as if you are utilizing your own money but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money possibly this is a terrific choice for you again to evaluate the theories fine you may want to purchase tesla or apple or this etf why not utilize the virtual choice as a method to type of safe have fun with it clearly you might have lost out on gains and losses throughout that time naturally if you had invested your real money it enables you to construct 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 actually how to copy people and copy portfolios now here’s something to remember prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i suggest 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 indicates am i all right with potentially losing a great quantity of this financial investment or getting as
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well now remember whatever is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 individuals will lose money however that similarly means they’ll lose at some point in their journey certainly people do earn money also and i have actually got videos everything about how you can ensure you are among individuals to really make money however in this scenario make certain you research your risk level would you be all right giving your money to someone else which is successfully what you’re doing and trusting them ensure you comprehend what they’re purchasing completely if you’re someone who isn’t wanting to be that dangerous don’t choose someone who’s entirely into crypto or currency conversion consider it you ‘d probably want a backbone of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can actually use this too truly easily over here you can copy individuals now it will give you a great deal of options and you can use the system to actually search for someone that you elegant in fact following so let’s see perhaps we desire somebody from joined kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everyone who has actually satisfied that requirements and it does offer you a danger factor also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to validate are you okay with this and off you go now another way to actually 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 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 great to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine in fact that i purchase too which is excellent so really for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s likewise got a bit more um of the kind of main food business and you have actually got you know pharmaceutical and production business as that. Etoro Broker App.
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