We get htis a lot on our site the answer to What Are Etoro Open Trades….Questions that i speak with new financiers what if you’re brand new to investing you just do not want to choose what you actually want to invest and you want somebody to do it for you there’s just a couple of ways that that can happen the to start with you can work with a financial investment portfolio supervisor they’ll normally charge a quite a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is obviously you can purchase 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 too now if you’re brand new to a total please remember this platform is quite innovative you can do cfds which naturally cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re learning about please do study the platform do not just presume due to the fact that i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that choice as well so you really get used to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re speaking about how to copy other people’s investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something since that individual has said they have actually made revenue 14 months in a row buy these options since you believe is the best ones for you which being stated let’s dive straight 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 aspect that is probably.
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famous for it’s the alternative to see what other traders are doing unbelievable we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can actually state i want to do exactly what that trader is doing or match that specific portfolio of options and generally each time they make a trade they purchase they offer whatever they do your money will be simulated with it so that indicates 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 involved really critical you comprehend what are the costs of this now with any platform there will be some expense 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 zero charge sites then may not charge you for in fact buying and selling etfs or funds individual products specific stocks.
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there’ll be costs on other parts possibly 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 understand before you really begin purchasing copy trading or copy portfolios and lastly 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 kick off with fees really crucial to comprehend these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling okay so commission charges are totally free however there are a couple of other costs the first one is withdrawal charges so you can undoubtedly put money 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 cash so you sell 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 5 dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you might say all right that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are simply among those options that they have a lot of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every six months you know depends completely how you’re investing but that is a charge to remember the 2nd fee that i have actually touched upon is that conversion cost now with you’re handling us dollars only there’s not a choice to buy 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 and even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading 2 and two free trade anyone at all this is standard they have i expect stuck to whatever cost they charge for that conversion rate you kind of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge is there what are they really giving you in regards to 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 state give me us dollars rather you have to pay their costs now the excellent aspect of however when you’ve converted your cash you do not need to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the initial day that you buy 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 truly good using that part of their website will not certainly limit you in any way however we need to understand two other fees the very first being what’s called spread fees all right and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is essentially the difference that belongs to the investment platform between the buy rate 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 website today tesla’s dollar worth 599 per share in tesla that really indicates that when you wish to purchase or sell as you can see it’s not the rate you’re seeing up here let me reveal you that again so the current price of tesla is the worth of a share what’s called spread charges is the distinction then really to buy that share on the platform and you’ll find this all over this is another way that they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to offer so they’re going to offer you less back with your sale and you say okay well why does that occur it just does that is the nature of a great deal 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 bit of cash on those spread out costs it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit cash now the last task is called an
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overnight cost now this is actually important if you’re really using cfds yourself too an over night charge is when you’re not doing that buy sell transaction in the exact same day alright there’s then an over night cost 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 really buying out the etf the stock the commodity and using time one take advantage of which suggests you’re in fact purchasing the specific possession rather than utilizing utilize anyway you won’t get hit with these charges however these costs are if you’re using leverage and cfds and after that you’re going to have these charges if you’re not buy offering in the very same day so let’s say if you enter into the aid area this isn’t the over night 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 and that just applies as i said to cfds there are some additional charges naturally depending upon what you are buying too this is on your own so keep that in mind however full fees are entirely within their aid information all right and we spoke about in addition to complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 different ways of actually using these copy functions they don’t have any additional charges on top of the typical costs that
exist now what you require to remember though is these potentially handled by other people entirely or in some cases have created portfolios you’ve got a real individual doing the management you have to make sure you choose the individual that’s right for you much like any kind of work this is your financial properties so we definitely need to ensure it’s the best individual 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 options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash 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 credit card details or anything you can essentially have this virtual portfolio simulate as if you are using your own money however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine cash perhaps this is a terrific option for you once again to evaluate the theories alright you might wish to buy tesla or apple or this etf why not use the virtual option as a way to kind of safe play with it clearly you might have missed out on gains and losses throughout that time obviously if you had invested your real money it permits you to construct confidence comprehend the platform so that’s one option 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 risk profile is now what do i suggest by that certainly 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 means am i fine with potentially losing a good quantity of this investment or gaining as
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well now keep in mind everything is ups and downs you will make money you’ll lose money that’s why they make the figure 75 people will lose cash however that equally means they’ll lose eventually in their journey undoubtedly people do earn money also and i’ve got videos everything about how you can ensure you are among individuals to actually make money however in this scenario make sure you research your danger level would you be okay giving your money to somebody else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re buying completely if you’re somebody who isn’t wanting to be that risky don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong products
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like gold or even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually use this too actually easily over here you can copy individuals now it will provide you a great deal of choices and you can utilize the system to in fact look for somebody that you fancy in fact following so let’s see maybe we want someone from united kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everyone who has satisfied that criteria and it does offer you a danger aspect too so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have rather high returns
remember it resembles anything to do with the news or predictions 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 ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to confirm 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 actually deep dive into what is she really buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is good so really 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 bit more um of the sort of primary food companies and you’ve got you understand pharmaceutical and production companies as that. What Are Etoro Open Trades.
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