We get this a lot on our site the answer to Us Citizens Etoro….Questions that i hear from brand-new financiers what if you’re brand new to investing you merely do not want to choose what you in fact want to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can occur the to start with you can employ an investment portfolio supervisor they’ll usually charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds particular funds are produced once 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 too now if you’re brand new to an overall please remember this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform don’t just assume because 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 option as well so you really get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying real companies if you pick to in this specific video we’re speaking about how to copy other individuals’s financial investments with your cash so certainly your capital is at threat and we need to bear that in mind do not just do something since that individual has said they’ve made profit 14 months in a row purchase these choices since you believe is the best ones for you and that 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 element that is probably.
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famous for it’s the choice to see what other traders are doing unbelievable we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can actually say i want to do exactly what that trader is doing or match that specific portfolio of alternatives and generally every time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that means if for example 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 also cover is the fees involved truly critical you understand what are the costs of this now with any platform there will be some cost to clearly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no fee websites then might not charge you for actually buying and selling etfs or funds private products individual stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type 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 understand prior to you really start purchasing copy trading or copy portfolios and lastly some finest advice finest practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s start with costs really important to comprehend these now on there’s a couple of charges there isn’t charges to do with actually buying and selling okay so commission charges are totally free 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 cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash so you sell your shares you offer your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m only withdrawing when i definitely require to now you may say fine that’s rather 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 among those options that they have a lot of platforms undoubtedly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every six months you know depends entirely how you’re investing but that is a charge to remember the second charge that i have actually touched upon is that conversion charge now with you’re handling us dollars just there’s not an alternative to buy in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyway 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 fee now when you use anyone so if you’re utilizing trading two and 2 free trade anybody this is standard they have actually i expect stuck to whatever charge they charge for that conversion rate you kind of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost exists what are they actually giving you in terms of your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and say provide me us dollars instead you have to pay their fees now the terrific aspect of though when you’ve converted your cash you do not have to invest it right now that dollar worth 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 takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s actually excellent using that part of their website won’t certainly restrict you in any way however we have to be aware of 2 other fees the very first being what’s called spread charges all right and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is basically the distinction that is part of the investment platform in between the buy price and the price fine 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 worth 599 per share in tesla that really implies that when you wish to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the existing cost of tesla is the value of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of make money from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to sell so they’re going to provide you less back with your sale and you state okay well why does that occur 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 want to sell it and that is how they make a bit of cash on those spread out costs 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 again make a bit cash now the last accomplishment is called an
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over night charge now this is really important if you’re in fact utilizing cfds yourself also an overnight cost is when you’re refraining from doing that buy offer transaction in the very same day alright there’s then an over night charge charged or even if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which means you’re in fact purchasing the specific asset rather than using utilize anyway you won’t get hit with these costs but these charges are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the same day so let’s state if you enter into the help section this isn’t the over night costs details 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 applies as i stated to cfds there are some additional charges obviously depending upon what you are investing in too this is on your own so keep that in mind however complete fees are completely within their help information fine and we spoke about in addition to complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are two various ways of in fact using these copy functions they do not have any extra fees on top of the regular fees that
are there now what you require to bear in mind though is these potentially handled by other individuals totally or in some cases have developed portfolios you’ve got a real individual doing the management you need to ensure you select the person that’s right for you similar to any profession this is your monetary assets so we definitely require to make sure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of various choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your credit card information or anything you can essentially have this virtual portfolio imitate as if you are using your own cash but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money perhaps this is a great choice for you again to test the theories all right you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe have fun with it obviously you might have lost out on gains and losses during that time of course if you had invested your real money it enables you to develop confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to keep in mind before you choose 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 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 just suggests am i all right with possibly losing a good amount of this investment or gaining as
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well now keep in mind everything is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 people will lose money but that similarly suggests they’ll lose at some point in their journey undoubtedly people do make money also and i have actually got videos all about how you can make sure you’re one of the people to actually earn money but in this situation ensure you research your danger level would you be alright offering your cash to somebody else which is effectively what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re someone who isn’t wishing to be that dangerous don’t pick somebody who’s totally into crypto or currency conversion consider it you ‘d probably desire a backbone of strong products
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like gold or perhaps oil plus more traditional etfs and index funds you may 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 really use this too actually quickly over here you can copy individuals now it will offer you a lot of choices and you can use the system to in fact search for somebody that you expensive really following so let’s see possibly we want someone from united kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can discover everybody who has met that criteria and it does provide you a risk element too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of people that have quite high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not indicate someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to validate are you okay 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 really deep dive into what is she really 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 definitely like type of into those blue box and the tech market she’s got a few of mine really that i purchase too which is great so in fact for me knowing 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 chooses she’s also got a bit more um of the sort of primary food business and you have actually got you know pharmaceutical and production business as that. Us Citizens Etoro.
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