We get htis a lot on our site the answer to Etoro Copy Trader Twice….Concerns that i speak with new investors what if you’re brand new to investing you merely do not want 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 take place the first off you can employ an investment portfolio supervisor they’ll generally charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is obviously you can buy mutual funds specific funds are produced 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 as well now if you’re brand new to a total please bear in mind this platform is rather sophisticated you can do cfds which obviously 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 since i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they consider that alternative also so you actually get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in genuine business if you choose to in this particular video we’re discussing how to copy other individuals’s investments with your cash so undoubtedly your capital is at threat and we need to bear that in mind do not simply do something because that person has said they’ve made profit 14 months in a row buy these choices since you think is the ideal ones for you and that being stated 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’s part of social trading which is one element that is most likely.
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well-known 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 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 exact portfolio of alternatives and essentially each time they make a trade they purchase they sell whatever they do your money will be simulated 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 charges involved really vital you comprehend what are the expenses 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 fee sites then may not charge you for in fact buying and selling etfs or funds individual products individual stocks.
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there’ll be fees on other parts maybe 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 show you the costs with in particular in this video the next would be things to understand prior to you really begin buying copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s start with costs really essential to understand these now on there’s a number of costs there isn’t fees to do with really buying and selling okay so commission charges are complimentary however there are a couple of other charges the very first one is withdrawal charges so you can undoubtedly put cash in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your money so you offer your shares you offer 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 of course understanding that i’m going to make certain that i’m only withdrawing when i definitely require to now you might say alright that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are just among those choices that they have a lot of platforms undoubtedly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every six months you understand depends totally how you’re investing but that is a fee to keep in mind the second charge that i’ve discussed is that conversion fee now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and 2 free trade anybody this is basic they have i expect stuck to whatever fee they charge for that conversion rate you type of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost is there 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 say give me us dollars instead you have to pay their fees now the excellent aspect of however when you have actually transformed your cash you do not need to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s really good using that part of their website won’t certainly restrict you in any way nevertheless we have to understand 2 other fees the first being what’s called spread fees fine and i’m going to reveal you what i indicate on now a spread cost as i’m going to show you
on is essentially the difference that becomes part of the financial investment platform between the buy price and the 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 today tesla’s dollar value 599 per share in tesla that really suggests that when you wish to buy or sell as you can see it’s not the cost you’re seeing up here let me show you that again so the current rate of tesla is the worth of a share what’s called spread fees is the difference then really to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to offer so they’re going to give you less back with your sale and you say fine well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it and that is how they make a bit of cash on those spread costs it’s typically 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 money now the last feat is called an
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overnight cost now this is actually essential if you’re really using cfds yourself as well an overnight fee is when you’re refraining from doing that buy sell transaction in the very same day all right there’s then an over night fee charged or even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one leverage which indicates you’re actually buying the specific asset rather than utilizing leverage anyway you won’t get hit with these fees however these charges are if you’re utilizing take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the exact same day so let’s say if you enter into the assistance 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 charges then for when you’re doing over night or you’re doing over weekends and that just applies as i said to cfds there are some additional charges of course depending upon what you are purchasing as well this is on your own so keep that in mind however full fees are totally within their help details fine and we discussed as well as free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different ways of really using these copy operates they don’t have any extra charges on top of the typical charges that
are there now what you need to bear in mind though is these possibly handled by other people entirely or in some cases have created portfolios you have actually got a real individual doing the management you need to ensure you select the individual that’s right for you similar to any type of work this is your monetary assets so we definitely require to make certain it’s the ideal individual for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a number of various choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your credit card details or anything you can basically have this virtual portfolio simulate as if you are using your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash perhaps this is an excellent alternative for you again to test the theories okay you may wish to purchase tesla or apple or this etf why not use the virtual option as a way to sort of safe have fun with it obviously you might have missed out on gains and losses throughout that time of course if you had invested your real cash it enables you to build confidence comprehend the platform so that’s one option 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 individuals and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk 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 run the risk of simply indicates am i fine with possibly losing a good quantity of this financial investment or getting as
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well now keep in mind whatever is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 people will lose money however that similarly implies they’ll lose at some time in their journey obviously people do generate income as well and i have actually got videos everything about how you can ensure you’re one of individuals to actually earn money but in this situation ensure you research your danger level would you be okay offering your money to somebody else which is effectively what you’re doing and trusting them ensure you comprehend what they’re purchasing completely if you’re someone who isn’t wishing to be that risky do not pick somebody who’s completely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you may 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 really utilize this too actually quickly over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to actually look for someone that you elegant really following so let’s see maybe we desire someone from unified kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has met that requirements and it does offer you a risk factor as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance 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 confirm are you okay with this and off you go now another method to actually deep dive if we click 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 bit so that’s great to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is good so in fact for me knowing 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 type of main food companies and you’ve got you understand pharmaceutical and production business as that. Etoro Copy Trader Twice.
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