We get htis a lot on our site the answer to Etoro Follow Trade….Questions that i hear from brand-new investors what if you’re brand new to investing you merely do not wish to choose what you actually wish to invest and you want somebody to do it for you there’s only a number of ways that that can occur the to start with 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 revenues will go to them the other thing is naturally you can purchase mutual funds particular funds are developed 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 too now if you’re brand new to an overall please remember this platform is quite advanced 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 finding out about please do study the platform do not just assume since 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 cash they consider that choice as well so you actually get used to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in genuine companies if you pick to in this specific video we’re talking about how to copy other people’s financial investments with your cash so clearly your capital is at risk and we have to bear that in mind do not just do something because that individual has said they’ve made earnings 14 months in a row purchase these options since you think is the right ones for you which being said 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 becomes part of social trading which is one element that is probably.
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well-known for it’s the alternative to see what other traders are doing unbelievable we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can in fact say i want to do exactly what that trader is doing or match that specific portfolio of options and generally every time they make a trade they purchase they sell whatever they do your money will be simulated with it so that means if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees involved truly important you understand what are the expenses of this now with any platform there will be some cost to certainly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the no cost websites then might not charge you for in fact buying and selling etfs or funds individual commodities private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing 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 costs with in particular in this video the next would be things to know prior to you really begin investing in copy trading or copy portfolios and finally some finest suggestions best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s begin with costs actually crucial to understand these now on there’s a couple of fees there isn’t fees to do with actually buying and selling all right so commission fees are complimentary nevertheless there are a couple of other fees the first one is withdrawal costs so you can undoubtedly put cash 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 but when you want to withdraw your cash so you sell your shares you offer your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to make sure that i’m just withdrawing when i absolutely require to now you may say fine that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are just one of those alternatives that they have a lot of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every six months you know depends completely how you’re investing but that is a cost to keep in mind the second fee that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an alternative to buy in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or 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 2 and 2 open market anyone at all this is standard they have i expect stuck to whatever fee they charge for that conversion rate you kind of need to accept you know if you wish to use their platform go from uk to us then that conversion cost is there what are they actually providing 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 offer me us dollars instead you have to pay their charges now the fantastic aspect of though when you’ve converted your cash you do not have to invest it right away 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 buy or transform 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 great using that part of their website won’t certainly limit you in any way nevertheless we have to know 2 other costs the very first being what’s called spread charges all right 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 is part of the investment platform in between the buy rate and the list 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 value 599 per share in tesla that actually means that when you want to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present price of tesla is the worth of a share what’s called spread charges is the distinction then actually to buy that share on the platform and you’ll find this all over this is another manner in which they make a small amount of benefit from you whenever you do a buyer’s share so keep that in mind certainly 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 state fine well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to offer it which is how they make a bit of cash on those spread costs it’s generally incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit cash now the last feat is called an
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over night fee now this is really essential if you’re actually using cfds yourself also an overnight fee is when you’re not doing that buy sell deal in the same day okay there’s then an over night fee charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one take advantage of which suggests you’re actually purchasing the precise possession instead of utilizing take advantage of anyway you will not get hit with these charges however these charges are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you go into the help section this isn’t the over night fees details you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only uses as i stated to cfds there are some service charges naturally depending on what you are buying also this is on your own so keep that in mind but complete fees are entirely within their help details alright and we discussed as well as totally 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 everything there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of really using these copy operates they do not have any additional costs on top of the typical costs that
are there now what you need to keep in mind though is these potentially handled by other individuals entirely or in some cases have actually developed portfolios you have actually got a real individual doing the management you need to make certain you pick the individual that’s right for you much like any type of work this is your monetary properties so we definitely need to make sure it’s the best individual for us prior to we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple 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 methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash 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 using your own money however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real cash perhaps this is a fantastic option for you once again to check the theories fine you might want to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe have fun with it obviously you might have missed out on gains and losses during that time obviously if you had actually invested your real cash it enables you to develop self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to bear 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 threat profile is now what do i mean by that certainly 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 just means am i okay with possibly losing a great quantity of this financial investment or gaining as
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well now remember whatever is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose money but that similarly means they’ll lose at some point in their journey certainly people do earn money too and i’ve got videos all about how you can make certain you are among the people to actually earn money however in this situation ensure you research study your threat level would you be fine offering your money to another person which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in completely if you’re somebody who isn’t wanting to be that risky don’t choose someone who’s entirely into crypto or currency conversion think of it you ‘d probably desire a foundation of strong products
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like gold and even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact utilize this too really quickly over here you can copy individuals now it will offer you a lot of choices and you can use the system to in fact search for somebody that you fancy really following so let’s see possibly we desire someone from joined kingdom um who buys let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds a good quantity and i can find everybody who has satisfied that requirements and it does provide you a risk element 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 people that have rather high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to ensure so do keep that in mind and as simple 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 instance ruby mza as an example you can in fact deep dive into what is she in fact 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 excellent to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine actually that i purchase too which is excellent so actually for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production business as that. Etoro Follow Trade.
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