We get htis a lot on our site the answer to What Is Copy Open Trades On Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you just do not wish to decide what you really wish to invest and you desire somebody to do it for you there’s just a number of manner ins which that can take place the firstly you can work with a financial investment portfolio manager they’ll typically charge a quite a high premium to do that maybe one or two percent of your earnings will go to them the other thing is obviously 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 too now if you’re brand new to an overall please keep in mind this platform is rather innovative 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 finding out about please do study the platform do not just assume due to the fact that 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 alternative too so you in fact get used to the structure of the site and then when you’re ready to utilize your own money 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 choose to in this particular video we’re discussing how to copy other people’s investments with your cash so clearly your capital is at risk and we have to bear that in mind do not just do something since that individual has said they have actually made revenue 14 months in a row buy these options because you think is the right ones for you which being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.
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famous for it’s the choice to see what other traders are doing incredible we don’t generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can actually say i wish to do exactly what that trader is doing or match that exact portfolio of options and essentially whenever they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that implies 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 truly critical you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly 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 some of the no cost sites then may not charge you for actually buying and selling etfs or funds specific products private 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 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 know prior to you actually begin purchasing copy trading or copy portfolios and finally some finest suggestions finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s kick off with costs actually crucial to comprehend these now on there’s a couple of costs there isn’t charges to do with really buying and selling alright so commission costs are complimentary nevertheless there are a number of other charges the 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 immediately 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 offer your commodities whatever you’re offering the minimum quantity 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 need to now you might say fine 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 just among those choices that they have a lot of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every six months you understand depends entirely how you’re investing but that is a charge to bear in mind the 2nd cost that i’ve discussed is that conversion fee now with you’re handling us dollars only there’s not an alternative to buy in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re using trading 2 and two free trade anyone at all this is basic they have actually i suppose stuck to whatever cost they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they actually providing 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 provide me us dollars rather you need to pay their fees now the fantastic aspect of however when you’ve converted your cash you do not have to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that suggests the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s actually great utilizing 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 fees all right and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is essentially the distinction that is part of the financial investment platform in between the buy price 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 actually indicates that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me reveal you that again so the existing cost of tesla is the value of a share what’s called spread costs is the difference then really 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 every time you do a purchaser’s share so keep that in mind obviously it’s more pricey to buy 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 just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to sell it and that is how they make a little bit of money on those spread out charges it’s typically extremely little it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit cash now the last task is called an
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over night fee now this is truly essential if you’re in fact utilizing cfds yourself also an over night fee is when you’re not doing that buy offer transaction in the same day okay there’s then an overnight charge charged and even if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one take advantage of which means you’re really buying the exact asset instead of utilizing leverage anyway you will not get hit with these charges however these costs are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the help section this isn’t the over night charges info you can see precisely the breakdown and it’ll inform 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 just applies as i stated to cfds there are some additional charges of course depending upon what you are investing in also this is on your own so keep that in mind but complete charges are totally within their assistance info all right and we talked about as well as totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of in fact utilizing these copy works they don’t have any extra costs on top of the normal charges that
exist now what you require to remember though is these potentially handled by other people totally or often have actually created portfolios you have actually got a genuine person doing the management you have to ensure you select the individual that’s right for you much like any type of work this is your monetary possessions so we absolutely need to make certain it’s the right person for us before we copy them so the first things i would call it if you do want to utilize this function we have actually 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 genuine money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your charge card details or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money maybe this is a fantastic alternative for you once again to test the theories all right you might wish to buy tesla or apple or this etf why not use the virtual choice as a method to kind of safe have fun with it clearly you may have lost out on gains and losses throughout that time of course if you had actually invested your genuine cash it allows you to develop confidence comprehend 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 remember before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i imply by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of simply suggests am i alright with possibly losing an excellent amount of this investment or acquiring as
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well now keep in mind everything is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 people will lose cash but that equally indicates they’ll lose eventually in their journey obviously individuals do make money too and i’ve got videos everything about how you can ensure you are among individuals to actually earn money but in this scenario ensure you research study your danger level would you be fine giving your money to somebody else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re someone who isn’t wanting to be that risky don’t choose someone who’s entirely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong products
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like gold and even oil plus more standard etfs and index funds you may 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 really utilize this too actually easily over here you can copy people now it will give you a lot of choices and you can utilize the system to really search for someone that you expensive really following so let’s see possibly we want someone from unified kingdom um who invests in let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has met that requirements and it does offer you a danger factor as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns
remember it resembles anything to do with the news or predictions of the future this does not suggest 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 basic as clicking the copy button and off you go and then you understand ask you to validate are you all right with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she really investing in 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 great 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 buy too which is excellent so in fact for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the kind of primary food companies and you have actually got you understand pharmaceutical and production companies as that. What Is Copy Open Trades On Etoro.
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