We get htis a lot on our site the answer to How Does Etoro….Concerns that i hear from brand-new investors what if you’re brand new to investing you just don’t want to choose what you really want to invest and you want somebody to do it for you there’s just a number of manner ins which that can take place the firstly you can work with an investment portfolio manager they’ll usually charge a rather a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is naturally you can buy mutual funds specific funds are created 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 advanced you can do cfds which of course cfds are ways of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform do not just presume because i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that choice too so you really get utilized to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re investing in genuine business if you select to in this particular video we’re speaking about how to copy other people’s financial investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not simply do something because that person has actually stated they have actually made earnings 14 months in a row buy these options since you think is the best ones for you which 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 alternative to see what other traders are doing amazing we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can actually say i wish to do exactly what that trader is doing or match that precise portfolio of options and basically every time they make a trade they purchase they sell whatever they do your cash will be imitated with it so that means if for instance 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 likewise cover is the charges included really important you comprehend 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 buying the selling for you there’s going to be charges included and even some of the absolutely no fee websites then may not charge you for in fact buying and selling etfs or funds private 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 type of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand before you actually begin buying copy trading or copy portfolios and lastly some best suggestions best practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s start with costs really important to understand these now on there’s a number of charges there isn’t costs to do with actually buying and selling okay so commission charges are free however there are a number of other costs the first one is withdrawal charges so you can certainly put cash 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 wish to withdraw your cash so you offer your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might state okay that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are simply among those options that they have a lot of platforms certainly are complimentary 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 six months you know depends completely how you’re investing however that is a cost to bear in mind the second cost that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk and that’s fine 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 excellent 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 open market anyone at all this is standard they have actually i expect stuck to whatever fee they charge for that conversion rate you kind of need to accept you understand if you want to use their platform go from uk to us then that conversion charge 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 say give me us dollars rather you need to pay their charges now the great thing about however when you have actually transformed your money 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 implies the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s actually good utilizing that part of their site will not definitely limit you in any way however we need to know 2 other fees the very first being what’s called spread costs all right and i’m going to show you what i imply on now a spread fee as i’m going to show you
on is basically the difference that is part of the financial investment platform in between the buy cost and the list price all right 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 in fact indicates that when you wish to sell or buy as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing rate of tesla is the worth of a share what’s called spread charges 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 percentage of make money from you every time you do a buyer’s share so keep that in mind clearly it’s more expensive to purchase than it is to sell so they’re going to provide you less back with your sale and you say okay well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you wish to sell it which is how they make a bit of cash on those spread out fees it’s usually extremely small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a bit money now the last accomplishment is called an
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over night fee now this is truly important if you’re actually using cfds yourself also an overnight charge is when you’re refraining from doing that buy offer deal in the very same day all right there’s then an over night charge charged and even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re really buying the precise possession instead of utilizing take advantage of anyhow you will not get hit with these costs but these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you go into the assistance section this isn’t the overnight charges details you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that just uses as i stated to cfds there are some additional charges of course depending on what you are purchasing as well this is on your own so keep that in mind but full charges are completely within their aid info okay and we spoke about along with free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of actually utilizing these copy works they do not have any additional charges on top of the normal fees that
are there now what you require to keep in mind though is these possibly handled by other people totally or often have actually created portfolios you have actually got a real individual doing the management you have to make certain you choose the person that’s right for you much like any profession this is your monetary assets so we absolutely need to ensure it’s the right person for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of various alternatives for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can generally have this virtual portfolio imitate as if you are using your own cash but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money maybe this is an excellent alternative for you again to check the theories all right you may wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe play with it clearly you might have missed out on gains and losses throughout that time of course if you had invested your real money it permits you to build self-confidence understand the platform so that’s one alternative 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 people and copy portfolios now here’s something to bear 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 indicate 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 suggests am i alright with potentially losing an excellent amount of this 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 cash that’s why they make the statistic 75 individuals will lose cash but that similarly means they’ll lose at some point in their journey certainly people do make money too and i have actually got videos all about how you can ensure you are among the people to actually generate income however in this circumstance ensure you research study your danger level would you be fine offering your cash to someone else which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing completely if you’re somebody who isn’t wishing to be that risky do not select someone who’s entirely into crypto or currency conversion think of it you ‘d probably want a foundation of strong commodities
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like gold or even oil plus more standard etfs and index funds you might not want 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 use this too really easily over here you can copy individuals now it will give you a great deal of options and you can utilize the system to in fact search for someone that you fancy actually following so let’s see possibly we desire someone from unified kingdom um who buys let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everybody who has actually satisfied that requirements and it does provide you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of people that have rather high returns
remember it’s like 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 chance to ensure 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 verify are you okay with this and off you go now another way to really deep dive if we click this person for example 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 great to know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is excellent so in fact for me understanding what i like to invest in 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 prefers she’s also got a little bit more um of the type of main food business and you’ve got you understand pharmaceutical and production business as that. How Does Etoro.
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