We get htis a lot on our site the answer to Etoro Copied Trader Benefits….Questions that i speak with new financiers what if you’re brand new to investing you just do not want to choose what you really wish to invest and you desire someone to do it for you there’s just a couple of ways that that can occur the to start with you can hire a financial investment portfolio manager they’ll typically 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 obviously you can purchase mutual funds specific 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 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 methods of investing
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with not actually having the total of capital so with anything that you’re learning more about please do study the platform do not just assume since i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that choice also so you actually get utilized 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 obviously your capital is at danger this is investing we’re doing you’re buying real business if you choose to in this particular video we’re speaking about how to copy other individuals’s financial investments with your money so clearly your capital is at risk and we need to bear that in mind do not simply do something because that person has actually said they’ve made earnings 14 months in a row buy these options due to the fact that you believe is the ideal ones for you which being stated let’s dive straight 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 element that is probably.
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popular for it’s the option to see what other traders are doing incredible we don’t typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our cash we can actually say i wish to do exactly what that trader is doing or match that precise portfolio of choices and essentially each time they make a trade they buy they offer whatever they do your cash 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 money in so we’re going to likewise cover is the fees included truly critical you comprehend what are the costs of this now with any platform there will be some expense to obviously these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the no charge websites then may not charge you for really buying and selling funds or etfs specific commodities specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees 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 know prior to you actually begin investing in copy trading or copy portfolios and finally some best recommendations finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s start with costs truly crucial to comprehend these now on there’s a couple of charges there isn’t charges to do with really buying and selling okay so commission fees are totally free however there are a number of other charges the first one is withdrawal charges so you can certainly put money in now if you remain in the uk we put our uk cash.
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and it’s immediately 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 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 knowing that i’m going to ensure that i’m just withdrawing when i absolutely need to now you may say okay that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply one of those options that they have a great deal of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every 6 months you understand depends completely how you’re investing however that is a cost to bear in mind the 2nd cost that i’ve discussed is that conversion charge now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading 2 and two open market anyone at all this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee exists what are they in fact offering you in terms of 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 fantastic thing about however when you’ve transformed your money you do not have to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s actually good utilizing that part of their site won’t certainly restrict you in any way nevertheless we have to be aware of two other costs the first being what’s called spread costs all right and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is basically the difference that is part of the financial investment platform between the buy cost and the sale price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that really suggests that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me show you that again so the present cost of tesla is the value of a share what’s called spread fees is the distinction then in fact to purchase that share on the platform and you’ll find this all over this is another way that they make a small amount of profit from you whenever you do a buyer’s share so keep that in mind clearly it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you say fine well why does that occur 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 sell it which is how they make a little bit of cash on those spread out costs it’s typically extremely little it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a little bit money now the last feat is called an
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overnight cost now this is actually crucial if you’re actually utilizing cfds yourself as well an over night fee is when you’re not doing that buy sell transaction in the exact same day okay there’s then an over night cost charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which implies you’re actually buying the precise asset rather than using utilize anyhow you will not get hit with these fees but these fees are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you enter into the assistance section this isn’t the over night fees details you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only applies as i said to cfds there are some additional charges obviously depending on what you are purchasing also this is on your own so keep that in mind however complete costs are entirely within their assistance information alright and we discussed as well as free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different ways of in fact using these copy functions they do not have any extra fees on top of the normal fees that
exist now what you require to bear in mind though is these potentially managed by other people completely or in some cases have developed portfolios you have actually got a genuine person doing the management you need to ensure you select the individual that’s right for you similar to any kind of work this is your monetary properties so we definitely require 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 utilize this function we have actually got a number of different options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are using your own cash however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money perhaps this is a terrific choice for you again to evaluate the theories okay you may want to buy tesla or apple or this etf why not use the virtual choice as a way to type of safe play with it obviously you may have missed out on gains and losses during that time obviously if you had actually invested your genuine cash it allows you to develop confidence comprehend the platform so that’s one choice for you then next week and i’m going to return 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 remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i indicate by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just indicates am i fine with potentially losing a great amount of this investment or getting as
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well now remember whatever is ups and downs you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose money but that equally means they’ll lose at some time in their journey undoubtedly people do earn money too and i have actually got videos everything about how you can make sure you’re one of individuals to really make money however in this circumstance make sure you research study your danger level would you be okay giving your money to somebody else which is successfully what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re someone who isn’t wanting to be that dangerous don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d probably desire a foundation 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 say you can in fact utilize this too really easily over here you can copy people now it will offer you a lot of options and you can use the system to in fact search for someone that you expensive actually following so let’s see possibly we want someone from joined kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can discover everyone who has fulfilled that criteria and it does give you a risk aspect too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have rather high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to verify are you alright with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she really investing in 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 excellent to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got a few of mine really that i purchase too which is great so really for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the type of main food companies and you’ve got you understand pharmaceutical and production companies as that. Etoro Copied Trader Benefits.
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