We get htis a lot on our site the answer to How To Set Stop Loss In Etoro On Open Trade….Questions that i hear from new investors what if you’re brand new to investing you simply do not want to decide what you in fact wish to invest and you want somebody to do it for you there’s only a number of ways that that can happen 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 profits will go to them the other thing is of course you can buy mutual funds particular funds are produced 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 also 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 in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t just assume since i utilize 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 utilized 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 of course your capital is at threat this is investing we’re doing you’re investing in real business if you pick to in this particular video we’re talking about how to copy other people’s investments with your money so clearly your capital is at risk and we need to bear that in mind do not simply do something because that person has stated they have actually made revenue 14 months in a row buy these options due to the fact that you believe is the right ones for you and that being said let’s dive directly in [Music] so the things we’re going to cover in this video is comprehending 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 option to see what other traders are doing unbelievable we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can actually say i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and basically each time they make a trade they buy they sell whatever they do your cash will be simulated with it so that indicates 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 really important you comprehend what are the costs of this now with any platform there will be some cost to certainly 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 a few of the absolutely no cost sites then might not charge you for in fact buying and selling funds or etfs specific products specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of costs 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 actually start buying copy trading or copy portfolios and finally some finest guidance best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s start with charges actually crucial to understand these now on there’s a number of costs there isn’t fees to do with really buying and selling okay so commission costs are free however there are a number of other fees the very first one is withdrawal fees so you can clearly put money in now if you’re in the uk we put our uk cash.
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and it’s instantly 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 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 naturally understanding that i’m going to make certain that i’m only withdrawing when i definitely require to now you might state fine that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are just among those options that they have a great deal of platforms undoubtedly 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 when every six months you understand depends entirely how you’re investing but that is a charge to keep in mind the 2nd charge that i’ve touched upon is that conversion fee now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk and that’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or 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 2 open market anybody this is basic they have 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 fee is there what are they really offering 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 offer me us dollars rather you need to pay their charges now the fantastic feature of though when you have actually converted your money you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that means the initial day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s truly excellent using that part of their website will not definitely limit you in any way however we need to be aware of 2 other fees the very first being what’s called spread charges all right and i’m going to show you what i indicate on now a spread cost as i’m going to show you
on is essentially the distinction that belongs to the investment platform in between the buy cost and the sale price all right it’s their premium on doing both those 2 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 really means that when you wish to purchase or offer as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing cost of tesla is the worth 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 manner in which they make a percentage of make money from you each time you do a purchaser’s share so keep that in mind obviously it’s more expensive to purchase than it is to sell so they’re going to give you less back with your sale and you say alright well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference 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 charges it’s generally incredibly 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 little bit money now the last accomplishment is called an
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over night fee now this is truly essential if you’re really utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy offer transaction in the exact same day all right there’s then an overnight cost charged or 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 in fact buying out the etf the stock the product and using time one utilize which implies you’re in fact buying the precise asset rather than utilizing leverage anyhow you will not get hit with these charges however these costs are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the exact same day so let’s state if you go into the help section this isn’t the over night costs information 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 and that just uses as i stated to cfds there are some surcharges obviously depending on what you are investing in as well this is on your own so keep that in mind however complete fees are entirely within their assistance info all right and we discussed 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 everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of really utilizing these copy operates they don’t have any additional costs on top of the typical costs that
are there now what you require to remember though is these possibly managed by other people completely or often have actually produced portfolios you have actually got a genuine individual doing the management you need to ensure you choose the person that’s right for you just like any profession this is your financial properties 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 use this function we have actually got a couple of various alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your charge card information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own cash but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash maybe this is a great option for you once again to test the theories all right you may wish to purchase tesla or apple or this etf why not utilize the virtual option as a method to sort of safe play with it obviously you may have missed out on gains and losses throughout that time of course if you had actually invested your real money it allows you to develop self-confidence understand the platform so that’s one alternative 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 remember before you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger 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 possibly losing an excellent quantity of this financial investment or acquiring as
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well now keep in mind 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 but that equally suggests they’ll lose eventually in their journey obviously people do make money too and i’ve got videos everything about how you can ensure you are among the people to actually generate income but in this scenario make sure you research study your threat level would you be all right giving your money to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing fully if you’re somebody who isn’t wanting to be that dangerous don’t choose someone who’s completely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products
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like gold or even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact utilize this too really easily over here you can copy people now it will give you a great deal of options and you can use the system to in fact look for somebody that you fancy in fact following so let’s see maybe we desire somebody from unified kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everyone who has fulfilled that requirements and it does provide you a threat aspect also so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they might make four 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 then you understand ask you to confirm are you okay 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 really purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine in fact that i purchase too which is good so in fact for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a little bit more um of the kind of main food companies and you have actually got you know pharmaceutical and production companies as that. How To Set Stop Loss In Etoro On Open Trade.
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