We get htis a lot on our site the answer to Etoro Trading Forum….Concerns that i hear from brand-new investors what if you’re brand new to investing you just do not want to choose what you actually wish to invest and you want someone to do it for you there’s just a number of manner ins which that can take place the first off you can employ an investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are produced 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 remember this platform is rather innovative you can do cfds which obviously cfds are ways 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 don’t just presume due to the fact that i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that option also so you really get utilized 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 obviously your capital is at risk this is investing we’re doing you’re purchasing genuine companies if you choose to in this specific video we’re speaking about how to copy other individuals’s financial investments with your money so certainly your capital is at danger and we have to bear that in mind do not just do something since that person has said they’ve made earnings 14 months in a row purchase these choices because you think is the ideal 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 element that is probably.
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famous for it’s the option to see what other traders are doing unbelievable we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can in fact say i want to do precisely what that trader is doing or match that exact portfolio of options and generally whenever they make a trade they purchase they sell whatever they do your cash will be imitated with it so that implies if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees involved truly important you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the no cost websites then may not charge you for actually buying and selling etfs or funds individual products specific stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know prior to you really start buying copy trading or copy portfolios and finally some finest advice best practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s start with charges truly important to comprehend these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling okay so commission costs are complimentary however there are a couple of other charges the first one is withdrawal fees so you can undoubtedly put money in now if you’re in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your money 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 of course understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you might say all right that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are just among those options that they have a great deal of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every six months you understand depends entirely how you’re investing however that is a charge to bear in mind the second fee that i have actually touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk and that’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 excellent with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and two open market anybody this is basic they have i suppose stuck to whatever fee they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion fee is there what are they in fact giving 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 say give me us dollars rather you need to pay their fees now the terrific thing about though when you’ve transformed your money you do not have to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you purchase 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 good using that part of their site won’t certainly limit you in any way however we need to know 2 other charges the first being what’s called spread costs okay and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you
on is basically the distinction that belongs to the investment platform in between the buy rate and the list price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that in fact suggests that when you want to sell or purchase as you can see it’s not the cost you’re seeing up here let me show you that once again so the current price of tesla is the worth 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 everywhere this is another manner in which they make a percentage of profit from you each time you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase than it is to offer so they’re going to offer you less back with your sale and you state alright well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it which is how they make a bit of money on those spread charges it’s typically extremely small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit money now the last feat is called an
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overnight cost now this is actually crucial if you’re in fact using cfds yourself too an over night cost is when you’re not doing that buy sell deal in the exact same day okay there’s then an over night fee charged or even if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which suggests you’re in fact purchasing the precise property rather than using utilize anyhow you will not get hit with these fees but these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you go into the assistance section this isn’t the over night costs details 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 and that only applies as i stated to cfds there are some service charges naturally depending on what you are investing in also this is on your own so keep that in mind however complete fees are completely within their aid details all right and we talked about as well as totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of in fact utilizing these copy operates they don’t have any extra charges on top of the typical fees that
exist now what you require to keep in mind though is these potentially handled by other people completely or often have created portfolios you have actually got a genuine individual doing the management you need to ensure you choose the person that’s right for you similar to any profession this is your monetary properties so we absolutely require to make sure it’s the right person for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of different options for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are using your own money but really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money maybe this is a terrific alternative for you again to check the theories okay you might want to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe play with it certainly you might have lost out on gains and losses throughout that time obviously if you had actually invested your real cash it allows you to build confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to keep in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i imply 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 risk just suggests am i alright with potentially losing a great quantity of this investment or getting as
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well now remember whatever is downs and ups you will make money you’ll lose money that’s why they make the figure 75 people will lose money however that equally indicates they’ll lose eventually in their journey certainly individuals do earn money too and i’ve got videos all about how you can make certain you are among the people to really earn money but in this circumstance make certain you research study your risk level would you be alright giving your cash to another person which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing totally if you’re somebody who isn’t wishing to be that risky do not choose somebody who’s entirely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products
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like gold and even oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can really utilize this too actually quickly over here you can copy people now it will provide you a lot of choices and you can use the system to really look for somebody that you elegant in fact following so let’s see maybe we want somebody from joined kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds a good quantity and i can find everyone who has met that criteria and it does provide you a risk aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to guarantee 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 confirm are you alright with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she really buying so let’s enter 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 definitely like type of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is great so actually for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s likewise got a little bit more um of the sort of primary food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Trading Forum.
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