We get htis a lot on our site the answer to Etoro In Australia….Concerns that i speak with brand-new investors what if you’re brand new to investing you simply don’t wish to decide what you really want to invest and you desire somebody to do it for you there’s just a number of ways that that can occur the first off you can work with an investment portfolio manager they’ll generally charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 too now if you’re brand new to a total please keep in mind this platform is quite sophisticated you can do cfds which obviously 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 presume due to the fact that i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that alternative as well so you in fact get used to the structure of the website and after that when you’re ready to utilize 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 buying real business if you select to in this particular video we’re discussing how to copy other people’s investments with your money so obviously your capital is at threat and we need to bear that in mind do not simply do something since that person has actually said they’ve made revenue 14 months in a row purchase these options because you believe is the right 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 most likely.
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famous for it’s the alternative to see what other traders are doing extraordinary we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can actually state i wish to do precisely what that trader is doing or match that specific portfolio of options and generally whenever they make a trade they buy they offer whatever they do your cash will be simulated 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 also 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 business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no fee sites then may not charge you for in fact buying and selling etfs or funds specific commodities specific 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 type of costs 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 before you really start investing in copy trading or copy portfolios and lastly some best advice finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s begin with fees actually important to comprehend these now on there’s a couple of charges there isn’t costs to do with in fact buying and selling all right so commission charges are free nevertheless there are a number of other fees the first one is withdrawal fees so you can certainly put cash in now if you’re 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 cash so you sell your shares you offer your commodities whatever you’re offering the minimum amount 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 just withdrawing when i absolutely need to now you may say fine that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are simply among those options that they have a lot of platforms clearly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every six months you know depends totally how you’re investing however that is a fee to remember the second cost that i’ve touched upon is that conversion cost now with you’re handling us dollars just there’s not a choice to buy in euros or uk which’s fine that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading 2 and 2 free trade anyone at all this is basic they have i expect stuck with whatever cost they charge for that conversion rate you type of need to accept you know if you want to use their platform go from uk to us then that conversion fee exists what are they actually offering 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 state give me us dollars instead you need to pay their fees now the fantastic thing about however when you have actually converted your cash you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that means 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 additional charges so that’s really good utilizing that part of their site will not definitely restrict you in any way nevertheless we have to be aware of 2 other charges the first being what’s called spread costs all right and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you
on is generally the difference that is part of the financial investment platform in between the buy rate and the list price alright 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 want to buy or offer 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 charges is the distinction then actually to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of make money from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you say alright well why does that occur 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 wish to offer it and that is how they make a little bit of money on those spread fees it’s usually extremely little it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit cash now the last task is called an
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over night fee now this is actually important if you’re really using cfds yourself as well an over night fee is when you’re refraining from doing that buy sell deal in the very same day fine there’s then an overnight charge charged or even if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which implies you’re actually purchasing the exact possession instead of using take advantage of anyway you won’t get hit with these charges however these fees are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you go into the aid area this isn’t the over night charges info you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that only uses as i stated to cfds there are some service charges of course depending upon what you are purchasing also this is on your own so keep that in mind however full charges are totally within their assistance information okay and we spoke about in addition to free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of actually using these copy functions they don’t have any extra costs on top of the typical fees that
exist now what you require to bear in mind though is these potentially handled by other people entirely or sometimes have actually produced portfolios you have actually got a real person doing the management you need to ensure you choose the individual that’s right for you similar to any kind of work this is your financial assets so we absolutely need to make sure 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 utilize this function we have actually got a number of various options for us first off if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual means 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 require to put in your credit card details or anything you can basically have this virtual portfolio imitate as if you are using your own money but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine cash possibly this is an excellent option for you once again to evaluate the theories okay you might want to purchase tesla or apple or this etf why not use 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 of course if you had actually invested your real cash it allows you to build 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 actually how to copy people and copy portfolios now here’s something to remember prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i mean by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of simply indicates am i okay with possibly losing a great quantity of this financial investment or getting as
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well now keep in mind everything is downs and ups you will make money you’ll lose money that’s why they make the fact 75 individuals will lose money but that similarly indicates they’ll lose at some time in their journey undoubtedly people do earn money too and i’ve got videos everything about how you can make certain you’re one of individuals to in fact generate income but in this scenario ensure you research your threat level would you be all right providing your cash to somebody else which is successfully what you’re doing and trusting them make sure you understand what they’re buying fully if you’re someone who isn’t wishing to be that risky do not choose somebody who’s completely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong products
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like gold or perhaps oil plus more standard 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 really use this too actually easily over here you can copy people now it will provide you a lot of choices and you can use the system to in fact look for somebody that you elegant actually following so let’s see possibly we desire somebody from joined kingdom um who buys let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds a good quantity and i can find everybody who has actually fulfilled that requirements and it does offer you a threat factor also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not mean someone 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 basic as clicking the copy button and off you go and after that you know ask you to confirm are you fine with this and off you go now another method 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 actually buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know 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 purchase too which is excellent so really for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the type of main food companies and you’ve got you understand pharmaceutical and production companies as that. Etoro In Australia.
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