We get htis a lot on our site the answer to Etoro Launches Bitcoin….Questions that i speak with new financiers what if you’re brand new to investing you merely don’t wish to decide what you in fact wish to invest and you want somebody to do it for you there’s only a couple of manner ins which that can happen the first of all you can hire a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are produced 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 bear in mind this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform do not just presume because 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 give that alternative too so you actually 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 of course your capital is at risk this is investing we’re doing you’re purchasing genuine business if you select to in this particular video we’re talking about how to copy other people’s investments with your money so undoubtedly your capital is at risk and we have to bear that in mind do not simply do something because that individual has said they have actually made profit 14 months in a row invest in these choices because you think is the right ones for you and that being stated let’s dive directly 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 aspect that is probably.
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popular for it’s the alternative to see what other traders are doing extraordinary we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can actually state i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and basically whenever they make a trade they purchase they offer whatever they do your cash will be imitated 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 cash in so we’re going to likewise cover is the costs included really crucial you understand what are the expenses of this now with any platform there will be some expense to certainly these are genuine business 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 fee websites then might not charge you for actually buying and selling funds or etfs specific products specific stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees 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 prior to you really begin investing in copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s begin with charges really important to comprehend these now on there’s a couple of costs there isn’t fees to do with in fact buying and selling all right so commission fees are free nevertheless there are a couple of other charges the very first one is withdrawal costs so you can obviously put cash in now if you’re 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 cash so you offer your shares you sell your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may state okay that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are simply one of those choices that they have a great deal of platforms obviously are totally 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 6 months you know depends entirely how you’re investing however that is a charge to keep in mind the 2nd fee that i’ve touched upon is that conversion cost now with you’re handling us dollars just there’s not an alternative to buy in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading 2 and two free trade anybody this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you sort of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge is there what are they actually giving 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 state offer me us dollars instead you have to pay their fees now the excellent thing about though when you have actually transformed your money you do not need to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s actually excellent using that part of their website won’t certainly restrict you in any way nevertheless we need to know 2 other charges the very first being what’s called spread costs fine and i’m going to show you what i suggest on now a spread charge as i’m going to show you
on is generally the difference that becomes part of the financial investment platform in between the buy rate and the sale price fine 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 value 599 per share in tesla that really suggests that when you wish to purchase or offer as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing price of tesla is the value 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 all over this is another way that they make a small amount of profit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to sell so they’re going to give you less back with your sale and you state okay well why does that happen 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 wish to offer it which is how they make a little bit of cash on those spread fees it’s normally 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 task is called an
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overnight charge now this is truly essential if you’re actually using cfds yourself as well an over night cost is when you’re not doing that buy sell deal in the same day okay there’s then an over night charge charged and even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which implies you’re really buying the specific asset instead of using leverage anyhow you will not get hit with these charges but these fees are if you’re utilizing take advantage of and cfds and after that you’re going to have these fees if you’re not buy selling in the same day so let’s state 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 overnight or you’re doing over weekends which only uses as i stated to cfds there are some surcharges naturally depending on what you are investing in as well this is on your own so keep that in mind however full fees are completely within their assistance information fine and we spoke about as well as free to deposit in however there’s a 5 dollar charge if you want 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’ve stated copy trading and copy portfolios are 2 different methods of actually using these copy operates they do not have any additional costs on top of the regular costs that
are there now what you require to bear in mind though is these potentially handled by other people entirely or in some cases have actually produced portfolios you’ve got a genuine individual doing the management you need to make certain you choose the person that’s right for you similar to any profession this is your financial assets so we absolutely require to make sure it’s the right person for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a number of various options for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are using your own money but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash possibly this is an excellent choice for you again to evaluate the theories okay you might want to purchase tesla or apple or this etf why not use the virtual choice as a way to sort of safe have fun with it clearly you might have missed out on gains and losses throughout that time naturally if you had invested your real money it permits you to construct 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 actually how to copy people and copy portfolios now here’s something to bear in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i mean by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply means am i alright with potentially losing an excellent amount of this investment or acquiring as
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well now remember everything is ups and downs you will earn money you’ll lose cash that’s why they make the statistic 75 people will lose money however that equally suggests they’ll lose eventually in their journey certainly people do make money also and i’ve got videos everything about how you can ensure you’re one of individuals to really generate income however in this situation make sure you research study your risk level would you be all right providing your money to another person which is successfully what you’re doing and trusting them ensure you understand what they’re buying totally if you’re somebody who isn’t wanting to be that risky do not choose somebody who’s entirely into crypto or currency conversion consider it you ‘d probably desire a backbone of strong products
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like gold or even oil plus more conventional etfs and index funds you might not want 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 really quickly over here you can copy individuals now it will give you a great deal of options and you can use the system to in fact search for somebody that you fancy really following so let’s see possibly we desire somebody from joined kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds a good amount and i can find everyone who has fulfilled that requirements and it does provide you a risk factor too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people that have quite high returns
bear in mind it’s like anything to do with the news or predictions 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 ensure so do keep that in mind and as simple 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 on this person for example ruby mza as an example you can actually deep dive into what is she actually purchasing so let’s enter 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 absolutely like sort of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is good so in fact for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the type of primary food companies and you have actually got you understand pharmaceutical and production companies as that. Etoro Launches Bitcoin.
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