We get htis a lot on our site the answer to Etoro Online Trading Platform….Questions that i hear from new financiers what if you’re brand new to investing you simply do not want to choose what you really want to invest and you desire someone to do it for you there’s only a couple of manner ins which that can occur the firstly you can employ a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is obviously you can buy mutual funds specific funds are created 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 an overall please bear in mind this platform is rather sophisticated you can do cfds which obviously cfds are methods of investing
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with not really 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 right now do some due diligence have a little play around with it even invest with virtual money they consider that choice too so you actually get utilized to the structure of the site and then when you’re ready to use your own cash 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 real companies if you pick to in this specific video we’re speaking about how to copy other individuals’s financial investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something because that person has actually said they’ve made profit 14 months in a row buy these options since you think is the ideal ones for you and that being stated let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.
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well-known for it’s the choice to see what other traders are doing incredible we do not typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can actually say i want to do precisely what that trader is doing or match that specific portfolio of choices and essentially each time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that implies if for instance 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 truly critical you understand what are the expenses of this now with any platform there will be some expense to clearly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero fee websites then might not charge you for really buying and selling funds or etfs specific commodities individual stocks.
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there’ll be fees 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 show you the charges with in particular in this video the next would be things to know before you really begin investing in copy trading or copy portfolios and finally some best guidance finest practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s start with fees actually crucial to understand these now on there’s a number of charges there isn’t charges to do with really buying and selling okay so commission fees are free however there are a number of other costs the first one is withdrawal charges so you can certainly put money in now if you remain in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your money so you sell your shares you sell your commodities 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 understanding that i’m going to ensure that i’m only withdrawing when i absolutely need to now you may say okay that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are simply one of those choices that they have a great deal of platforms clearly are free to do such things has this 5 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 know depends completely how you’re investing but that is a cost to remember the 2nd charge that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk and that’s fine 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 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 two open market anybody 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 utilize their platform go from uk to us then that conversion fee exists what are they really 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 rather you have to pay their costs now the excellent aspect of though when you’ve 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 means the preliminary 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 additional charges so that’s truly excellent utilizing that part of their site won’t definitely limit you in any way however we have to be aware of two other fees the first being what’s called spread fees all right and i’m going to show you what i suggest on now a spread fee as i’m going to show you
on is essentially the difference that belongs to the financial investment platform in between the buy price and the price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that actually suggests 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 existing rate of tesla is the value of a share what’s called spread fees is the distinction then in fact to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of profit from you each time you do a purchaser’s share so keep that in mind certainly it’s more pricey to purchase than it is to sell so they’re going to offer you less back with your sale and you say fine well why does that occur 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 sell it and that is how they make a little bit of cash on those spread out costs it’s usually incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a bit cash now the last feat is called an
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overnight fee now this is really crucial if you’re in fact using cfds yourself too an overnight fee is when you’re refraining from doing that buy offer deal in the same day fine there’s then an overnight cost charged or even if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which indicates you’re actually buying the exact possession rather than utilizing utilize anyway you won’t get hit with these charges however these costs are if you’re utilizing utilize and cfds and after that you’re going to have these charges if you’re not buy offering in the same day so let’s say if you go into the aid section this isn’t the overnight costs info you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which only uses as i said to cfds there are some service charges obviously depending upon what you are investing in as well this is on your own so keep that in mind however complete fees are totally within their help info okay and we talked about as well as complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of actually utilizing these copy works they don’t have any extra fees on top of the typical charges that
exist now what you need to keep in mind though is these potentially managed by other people totally or in some cases have actually produced portfolios you’ve got a real person doing the management you need to make sure you pick the individual that’s right for you similar to any kind of work this is your financial properties so we definitely require to ensure it’s the ideal individual for us before 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 choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real money or a virtual platform virtual ways i believe 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 generally have this virtual portfolio imitate as if you are using your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money perhaps this is a terrific alternative for you once again to evaluate the theories fine you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe play with it undoubtedly you may have lost out on gains and losses during that time naturally if you had actually invested your real money it allows you to build confidence comprehend the platform so that’s one choice for you then next week and i’m going to return 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 keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i indicate by that certainly 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 indicates am i all right with potentially losing a great quantity of this financial investment or gaining as
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well now remember everything is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose money but that similarly indicates they’ll lose eventually in their journey certainly people do generate income as well and i have actually got videos all about how you can ensure you’re one of individuals to really earn money however in this circumstance ensure you research your threat level would you be all right offering your cash to somebody else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re purchasing completely if you’re someone who isn’t wishing to be that dangerous do not select somebody who’s completely 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 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 state you can actually use this too truly quickly over here you can copy people now it will offer you a lot of options and you can utilize the system to actually search for somebody that you elegant actually following so let’s see possibly we want someone from united kingdom um who buys 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 everybody who has actually satisfied that requirements and it does provide you a threat factor also so it tends to be the higher 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 resembles anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you fine with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she in fact investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got a few of mine actually that i purchase too which is good so in fact for me understanding what i like to purchase my private 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 likewise got a little bit more um of the sort of main food companies and you’ve got you understand pharmaceutical and production business as that. Etoro Online Trading Platform.
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