We get htis a lot on our site the answer to What Does It Mean Buying On Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you just do not want to decide what you in fact wish to invest and you desire somebody to do it for you there’s only a couple of ways that that can happen the first off you can employ a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is obviously you can buy mutual funds specific 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 advanced you can do cfds which obviously cfds are ways of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform don’t simply assume since i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they consider that choice as well so you in fact get utilized to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re discussing how to copy other individuals’s financial investments with your money so certainly your capital is at risk and we need to bear that in mind do not simply do something since that person has said they’ve made profit 14 months in a row invest in these options since you believe is the ideal 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 aspect that is most likely.
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famous for it’s the alternative to see what other traders are doing amazing we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our money we can actually state i wish to do exactly what that trader is doing or match that specific portfolio of options and basically whenever they make a trade they buy they offer whatever they do your money will be mimicked 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 also cover is the costs included actually vital you understand what are the expenses of this now with any platform there will be some expense to obviously these are real business 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 fee websites then may not charge you for really buying and selling funds or etfs individual products individual stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees 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 understand before you in fact start purchasing copy trading or copy portfolios and finally some best suggestions finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s start with fees really essential to comprehend these now on there’s a number of fees there isn’t charges to do with really buying and selling all right so commission costs are totally free nevertheless there are a couple of other charges the very first one is withdrawal fees so you can obviously put cash in now if you remain in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your cash so you sell your shares you sell your commodities 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 naturally understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might say okay that’s quite 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 choices that they have a lot of platforms certainly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every 6 months you know depends entirely how you’re investing but that is a charge to bear in mind the 2nd charge that i’ve discussed is that conversion cost now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk and that’s fine that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading two and two open market anyone at all this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you kind of have to accept you know 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 state provide me us dollars rather you have to pay their costs now the fantastic aspect of however when you’ve transformed your cash you do not need to invest it immediately that dollar value can sit in your portfolio as cash 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 additional costs so that’s really excellent using that part of their site will not definitely limit you in any way however we need to know two other fees the first being what’s called spread costs fine and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is essentially the difference that is part of the financial investment platform between the buy rate and the sale price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really indicates that when you wish to offer or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing price of tesla is the worth of a share what’s called spread fees is the distinction then in fact to buy that share on the platform and you’ll find this all over this is another manner in which they make a small amount of make money from you whenever you do a buyer’s share so keep that in mind clearly it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you state all right well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you want to sell it and that is how they make a little bit of money on those spread charges it’s usually incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit money now the last task is called an
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over night fee now this is actually essential if you’re actually utilizing cfds yourself as well an overnight fee is when you’re refraining from doing that buy offer transaction in the very same day fine there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one take advantage of which means you’re actually purchasing the precise possession rather than using leverage anyhow you won’t get hit with these costs however these fees are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s state if you go into the assistance area this isn’t the over night fees info 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 service charges obviously depending upon what you are investing in too this is on your own so keep that in mind but full fees are totally within their help info all right and we discussed along with totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of actually using these copy functions they don’t have any extra fees on top of the normal charges that
exist now what you require to remember though is these possibly handled by other individuals entirely or in some cases have produced portfolios you have actually got a genuine person doing the management you need to make certain you select the individual that’s right for you similar to any line of work this is your financial assets so we definitely require to make certain 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 different options for us to start with 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 means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your charge card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money possibly this is a terrific alternative for you again to evaluate the theories okay you might wish to buy tesla or apple or this etf why not utilize the virtual option as a way to sort of safe play with it undoubtedly you might have missed out on gains and losses during that time obviously if you had actually invested your genuine money it allows you to develop confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy individuals 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 sure you understand what your threat profile is now what do i mean by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just suggests am i all right with possibly losing a great quantity of this financial investment or acquiring as
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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the figure 75 people will lose money however that similarly indicates they’ll lose eventually in their journey certainly people do earn money as well and i have actually got videos all about how you can make sure you are among the people to actually earn money but in this situation make certain you research study your threat level would you be fine offering your money to somebody else which is effectively what you’re doing and trusting them make sure you understand what they’re buying fully if you’re someone who isn’t wanting to be that dangerous do not choose somebody who’s totally into crypto or currency conversion consider it you ‘d most likely want a foundation of strong products
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like gold or perhaps oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact use this too actually easily over here you can copy people now it will provide you a lot of choices and you can utilize the system to in fact look for somebody that you elegant in fact following so let’s see perhaps we want someone from united kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a good quantity and i can find everyone who has actually satisfied 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 certainly there are a variety of people that have rather high returns
keep in mind 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 4 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 validate are you all right with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really purchasing so let’s go 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 absolutely like type of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is good so really for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the sort of main food business and you have actually got you understand pharmaceutical and production companies as that. What Does It Mean Buying On Etoro.
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