We get this a lot on our site the answer to Sista By Etoro….Questions that i speak with new financiers what if you’re brand new to investing you merely do not wish to choose what you really want to invest and you desire someone to do it for you there’s just a number of manner ins which that can occur the first of all you can work with an investment portfolio supervisor they’ll normally charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is of course you can buy mutual funds particular funds are developed again with an account manager 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 keep in mind this platform is rather sophisticated you can do cfds which of course cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform do not just presume because i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they give that choice too so you actually get used to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in real companies if you select to in this specific video we’re discussing how to copy other people’s investments with your money so certainly your capital is at danger and we need to bear that in mind do not simply do something since that person has actually said they’ve made revenue 14 months in a row invest in these options because you believe is the ideal ones for you which being stated 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 becomes part of social trading which is one aspect that is probably.
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well-known for it’s the alternative to see what other traders are doing extraordinary we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can actually say i want to do exactly what that trader is doing or match that precise 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 indicates if for instance 10 of their 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 charges included actually vital you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the absolutely no fee websites then might not charge you for actually buying and selling funds or etfs specific commodities specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of costs associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know before you actually begin buying copy trading or copy portfolios and finally some best guidance finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s begin with fees actually crucial to comprehend these now on there’s a number of costs there isn’t costs to do with really buying and selling fine so commission fees are totally free nevertheless there are a couple of other costs the first one is withdrawal charges so you can clearly put cash in now if you’re 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 in the future however when you wish to withdraw your money so you sell your shares you sell your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m only withdrawing when i definitely require to now you may state okay that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are just one of those options that they have a great deal of platforms undoubtedly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every 6 months you understand depends completely how you’re investing however that is a fee to bear in mind the 2nd fee that i’ve discussed is that conversion charge now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk which’s great that suits 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 good with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading two and two free trade anybody this is basic they have i suppose stuck to whatever cost they charge for that conversion rate you type of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists 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 provide me us dollars instead you have to pay their costs now the excellent feature of though when you’ve converted your cash you do not have to invest it right away that dollar value 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 happens now with copy trading and copy portfolios there aren’t any additional costs so that’s really good using that part of their website will not certainly restrict you in any way nevertheless we have to know two other charges the first being what’s called spread costs alright and i’m going to show you what i mean on now a spread charge as i’m going to show you
on is basically the distinction that belongs to the financial investment platform between the buy cost and the list price fine it’s their premium on doing both those 2 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 implies 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 again so the existing cost of tesla is the value of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to offer so they’re going to provide you less back with your sale and you state alright well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to offer it which is how they make a bit of cash on those spread out fees it’s normally incredibly little 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 little bit cash now the last feat is called an
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over night charge now this is actually crucial if you’re really utilizing cfds yourself too an overnight fee is when you’re refraining from doing that buy offer deal in the very same day okay there’s then an overnight fee charged and even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which indicates you’re really purchasing the exact asset instead of utilizing utilize anyway you will not get hit with these costs but these costs are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you go into the assistance section this isn’t the over night fees 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 over night or you’re doing over weekends and that only uses as i stated to cfds there are some added fees naturally depending upon what you are purchasing too this is on your own so keep that in mind however complete fees are completely within their aid information all right and we spoke about as well as complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of really utilizing these copy works they do not have any extra charges on top of the regular fees that
exist now what you need to keep in mind though is these possibly managed by other individuals totally or sometimes have developed portfolios you have actually got a genuine individual doing the management you have to make sure you select the person that’s right for you similar to any line of work this is your financial properties so we absolutely require 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 have actually got a number of various options for us first off if you’re brand new to investing i wish 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 need to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are using your own cash however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine cash perhaps this is an excellent alternative for you once again to evaluate the theories fine you may want to buy tesla or apple or this etf why not utilize the virtual option as a way to sort of safe have fun with it clearly you might have lost out on gains and losses throughout that time obviously if you had actually invested your genuine money it enables you to develop confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back 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 remember prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i suggest by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just means am i all right with potentially losing a good quantity of this financial investment or getting as
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well now remember everything is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 individuals will lose cash but that similarly means they’ll lose eventually in their journey clearly people do make money also and i’ve got videos everything about how you can make certain you are among individuals to in fact make money however in this circumstance ensure you research your danger level would you be okay giving your cash to another person which is effectively what you’re doing and trusting them ensure you understand what they’re buying totally if you’re someone who isn’t wishing to be that risky do not choose somebody who’s completely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong commodities
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like gold and 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 say you can actually use this too actually easily over here you can copy people now it will give you a lot of options and you can utilize the system to actually search for somebody that you expensive actually following so let’s see possibly we desire somebody from united kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone 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 rather high returns
remember it’s like anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to verify are you fine 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 in fact deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got a few of mine really that i invest in too which is great so actually for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s also got a little bit more um of the type of main food companies and you have actually got you know pharmaceutical and production companies as that. Sista By Etoro.
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