We get htis a lot on our site the answer to Etoro Crypto Investor….Questions that i hear from brand-new financiers what if you’re brand new to investing you merely don’t wish to decide what you actually want to invest and you want somebody to do it for you there’s just a couple of ways that that can occur the first of all you can hire a financial investment portfolio supervisor they’ll generally charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is of course you can buy mutual funds particular funds are produced 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 as well now if you’re brand new to a total please keep in mind this platform is quite innovative you can do cfds which naturally cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re learning more about please do study the platform do not just assume because i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they give that option too so you in fact get utilized to the structure of the site and then when you’re ready to utilize your own cash 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 select to in this specific video we’re speaking about how to copy other people’s investments with your money so clearly your capital is at danger and we have to bear that in mind do not simply do something because that individual has actually stated they have actually made earnings 14 months in a row buy these options because you think is the best 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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popular for it’s the choice to see what other traders are doing amazing we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can in fact say i want to do precisely what that trader is doing or match that precise portfolio of options and generally each time they make a trade they buy they offer whatever they do your money will be simulated with it so that means 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 costs included actually vital you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly 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 no cost sites then may not charge you for actually buying and selling etfs or funds individual commodities private stocks.
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there’ll be costs on other parts possibly 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 reveal you the fees with in particular in this video the next would be things to understand before you actually start buying copy trading or copy portfolios and finally some best suggestions best 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 fees actually important 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 fees are totally free nevertheless there are a couple of other costs the first one is withdrawal fees 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 on but when you want 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 obviously understanding that i’m going to ensure that i’m only withdrawing when i definitely require to now you might say alright 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 somewhere and withdrawal fees are simply one of those options that they have a great deal of platforms certainly are complimentary 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 once every 6 months you understand depends completely how you’re investing but that is a charge to remember the second cost that i have actually touched upon is that conversion fee now with you’re dealing in 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 lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and 2 free trade anybody this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you kind of have to accept you know if you want to utilize their platform go from uk to us then that conversion charge is there 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 say give me us dollars instead you need to pay their charges now the excellent thing about though when you’ve converted your cash you do not have to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies 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 fees so that’s truly good using that part of their site will not definitely limit you in any way nevertheless we have to understand two other charges the first being what’s called spread charges all right and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is basically the distinction that becomes part of the investment platform in between the buy rate and the sale 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 right now tesla’s dollar worth 599 per share in tesla that in fact implies that when you want to buy or sell as you can see it’s not the price you’re seeing up here let me show you that once again so the present 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 whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to buy than it is to offer so they’re going to offer you less back with your sale and you say fine well why does that happen it simply 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 wish to offer it and that is how they make a little bit of cash on those spread out costs it’s normally 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 cash now the last task is called an
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overnight cost now this is really important if you’re really utilizing cfds yourself too an over night charge is when you’re not doing that buy offer transaction in the very same day fine there’s then an overnight cost charged and even if you go from the friday to the monday before cruising a weekend charge 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 suggests you’re really purchasing the exact possession instead of using utilize anyway you won’t get hit with these fees but these costs are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s state if you go into the aid area this isn’t the overnight fees information you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which just applies as i stated to cfds there are some additional charges naturally depending on what you are buying also this is on your own so keep that in mind however complete costs are totally within their assistance information fine and we spoke about in addition to free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of actually using these copy functions they do not have any additional charges on top of the normal costs that
are there now what you require to keep in mind though is these possibly managed by other individuals completely or in some cases have actually produced portfolios you’ve got a real person doing the management you need to make sure you select the individual that’s right for you just like any kind of work this is your financial assets so we absolutely require 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 have actually got a number of different choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine cash 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 will not require to put in your charge card information or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money possibly this is a great choice for you again to test the theories fine you might wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe play with it clearly you might have missed out on gains and losses during that time of course if you had actually invested your real money it allows you to develop confidence comprehend the platform so that’s one alternative 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 keep in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i indicate by that clearly 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 implies am i alright with potentially losing a great quantity of this financial investment or acquiring as
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well now keep in mind everything is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose cash however that equally indicates they’ll lose at some point in their journey obviously individuals do generate income also and i have actually got videos all about how you can make certain you are among the people to really generate income but in this scenario ensure you research your risk level would you be all right giving your money to someone else which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in fully if you’re someone who isn’t wanting to be that risky don’t select someone who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products
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like gold or even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really use this too actually easily over here you can copy individuals now it will offer you a great deal of choices and you can utilize the system to actually search for somebody that you fancy really following so let’s see perhaps we desire 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 reasonable that sounds an excellent quantity and i can discover everyone who has fulfilled that criteria and it does provide you a risk factor too 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 individuals that have quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not indicate someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to validate are you all right with this and off you go now another way to really deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she actually investing in 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 excellent to understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got a few of mine really that i buy too which is great so actually for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies 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 know pharmaceutical and production companies as that. Etoro Crypto Investor.
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