We get this a lot on our site the answer to Etoro Us Citizens….Questions that i speak with new financiers what if you’re brand new to investing you just don’t wish to choose what you really wish to invest and you want someone to do it for you there’s just a number of ways that that can occur the first off you can work with a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that possibly a couple of 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 a total please remember this platform is quite sophisticated you can do cfds which obviously cfds are ways 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 don’t simply 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 give that choice as well so you in fact get used to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in genuine business if you choose to in this particular video we’re talking about how to copy other people’s financial investments with your cash so obviously your capital is at threat and we have to bear that in mind do not simply do something since that individual has said they have actually made profit 14 months in a row purchase these options since you think is the ideal ones for you which being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.
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famous for it’s the alternative to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can actually state i want to do precisely what that trader is doing or match that precise portfolio of choices and generally each time they make a trade they buy they sell whatever they do your money will be imitated 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 costs included really critical you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no cost websites then might not charge you for actually buying and selling funds or etfs specific products 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 charges associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to know before you in fact start buying copy trading or copy portfolios and finally some best advice best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s kick off with charges really crucial to understand these now on there’s a number of fees there isn’t charges to do with actually buying and selling okay so commission charges are complimentary however there are a number of other charges the first one is withdrawal costs so you can obviously put money in now if you remain in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your cash so you offer your shares you sell your commodities whatever you’re offering 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 make sure that i’m just withdrawing when i definitely require to now you may say all right that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are just among those choices that they have a great deal of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every 6 months you know depends totally how you’re investing but that is a fee to remember the second fee that i have actually touched upon is that conversion cost now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s great that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading 2 and two free trade anybody this is standard they have actually i suppose stuck to whatever charge they charge for that conversion rate you sort of need to accept you understand if you want to use their platform go from uk to us then that conversion fee is there what are they really 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 state provide me us dollars instead you have to pay their fees now the fantastic feature of however when you have actually converted your money you do not need to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s actually great utilizing that part of their website won’t certainly restrict you in any way nevertheless we need to be aware of two other fees the first being what’s called spread costs fine and i’m going to show you what i imply on now a spread cost as i’m going to reveal you
on is essentially the distinction that is part of the financial investment platform in between the buy price 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 value 599 per share in tesla that in fact means that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that again so the present price of tesla is the worth of a share what’s called spread costs is the distinction then in fact to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind clearly it’s more costly 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 happen it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to offer it which is how they make a bit of cash on those spread out charges it’s normally extremely little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit money now the last task is called an
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over night fee now this is actually important if you’re really utilizing cfds yourself too an overnight cost is when you’re not doing that buy sell transaction in the same day okay there’s then an overnight fee charged and even if you go from the friday to the monday before sailing 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 means you’re really purchasing the specific possession instead of utilizing utilize anyhow you won’t get hit with these fees but these charges are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s state if you enter into the help area this isn’t the overnight charges information you can see exactly 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 just uses as i said to cfds there are some surcharges of course depending on what you are purchasing too this is on your own so keep that in mind however full costs are totally within their assistance information fine and we spoke about in addition to complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of really using these copy functions they don’t have any additional costs on top of the regular fees that
are there now what you require to remember though is these potentially handled by other individuals entirely or often have actually produced portfolios you have actually got a genuine person doing the management you have to ensure you choose the person that’s right for you similar to any line of work this is your monetary possessions so we definitely require to make certain it’s the best person for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a number of various options for us first of all 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 ways i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own money but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine cash maybe this is a terrific option for you once again to evaluate the theories fine you might want to purchase tesla or apple or this etf why not use the virtual option as a way to type of safe have fun with it clearly you might have lost out on gains and losses during that time naturally if you had invested your genuine cash it permits you to construct self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind prior to you pick somebody 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 clearly 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 risk simply means am i alright with possibly losing a good quantity of this financial investment or acquiring as
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well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 individuals will lose cash but that similarly implies they’ll lose at some time in their journey obviously individuals do make money too and i’ve got videos all about how you can make sure you are among the people to actually generate income but in this circumstance make certain you research study your threat level would you be okay giving your cash to someone else which is effectively what you’re doing and trusting them make sure you comprehend what they’re buying completely if you’re somebody who isn’t wanting to be that risky don’t select somebody who’s completely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products
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like gold or even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually utilize this too actually easily over here you can copy individuals now it will provide you a great deal of options and you can use the system to actually search for someone that you expensive in fact following so let’s see perhaps we desire somebody from unified kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can find everybody who has fulfilled that requirements and it does give you a risk element as well 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 rather high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to verify are you fine with this and off you go now another way to actually 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 actually 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 good to know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got some of mine actually that i invest in too which is great so in fact for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s likewise got a bit more um of the kind of main food business and you have actually got you know pharmaceutical and production companies as that. Etoro Us Citizens.
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