We get htis a lot on our site the answer to What Is Etoro Platinum….Concerns that i hear from new financiers what if you’re brand new to investing you merely don’t want to choose what you really want to invest and you want somebody to do it for you there’s only a number of ways that that can happen the firstly you can work with a financial investment portfolio manager they’ll normally charge a quite 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 buy mutual funds particular funds are developed once again with an account supervisor in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios as well now if you’re brand new to a total please bear in mind this platform is quite sophisticated you can do cfds which naturally cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform don’t simply assume since i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they give that option as well so you really get used to the structure of the website 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 risk this is investing we’re doing you’re investing in genuine business if you pick to in this specific video we’re speaking about how to copy other people’s investments with your money so obviously your capital is at danger and we have to bear that in mind do not simply do something since that person has stated they have actually made earnings 14 months in a row invest in these choices due to the fact that you believe is the ideal ones for you and that 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 most likely.
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famous for it’s the choice to see what other traders are doing extraordinary we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can really state i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and generally whenever they make a trade they buy they offer whatever they do your money will be mimicked with it so that suggests if for example 10 of their financial 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 involved really vital you understand what are the costs of this now with any platform there will be some expense to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the no charge sites then may not charge you for in fact buying and selling funds or etfs individual commodities specific 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 charges 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 before you really begin buying copy trading or copy portfolios and finally some best advice finest practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s begin with costs truly important to understand these now on there’s a couple of costs there isn’t costs to do with really buying and selling alright so commission fees are complimentary nevertheless there are a couple of other fees the very first one is withdrawal charges so you can clearly 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 on but when you wish to withdraw your money so you sell your shares you offer your products 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 of course knowing that i’m going to make sure that i’m only withdrawing when i absolutely require to now you might 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 fees someplace and withdrawal fees are just among those options that they have a great deal of platforms obviously are complimentary 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 as soon as every 6 months you know depends entirely how you’re investing but that is a fee to keep in mind the second charge that i have actually discussed is that conversion charge now with you’re dealing in us dollars just there’s not an option to buy in euros or uk which’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading two and two free trade anyone at all this is basic they have i suppose stuck with whatever charge they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion cost exists what are they in fact providing 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 offer me us dollars rather you have to pay their charges now the fantastic thing about though when you have actually transformed your cash you do not need to invest it immediately that dollar value can sit in your portfolio as money 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 happens now with copy trading and copy portfolios there aren’t any additional costs so that’s really great using that part of their site won’t certainly limit you in any way however we have to understand two other fees the first being what’s called spread fees alright and i’m going to reveal you what i suggest on now a spread charge as i’m going to show you
on is basically the distinction that is part of the investment platform between the buy rate and the sale price okay 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 value 599 per share in tesla that really 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 reveal you that again so the existing price of tesla is the worth of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase than it is to sell so they’re going to give you less back with your sale and you state okay 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 which is how they make a bit of cash on those spread costs it’s usually exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a little bit cash now the last feat 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 charge is when you’re refraining from doing that buy offer transaction in the same day all right there’s then an overnight fee charged or perhaps if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one utilize which implies you’re really purchasing the precise property rather than using leverage anyway you won’t get hit with these costs however these fees are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s say if you go into the assistance section this isn’t the over night costs details you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which only applies as i stated to cfds there are some surcharges of course depending upon what you are purchasing also this is on your own so keep that in mind but full charges are completely within their help info okay and we spoke about along with free to deposit in but there’s a five 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 charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of really utilizing these copy operates they don’t have any additional fees on top of the typical costs that
are there now what you require to bear in mind though is these possibly handled by other individuals entirely or in some cases have actually developed portfolios you’ve got a real individual doing the management you need to make certain you choose the individual that’s right for you similar to any kind of work this is your monetary assets so we definitely need to ensure it’s the right individual for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a couple 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 option to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine money perhaps this is a great option for you once again to check the theories all right you may want to purchase tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe play with it clearly you may have lost out on gains and losses during that time of course if you had actually invested your genuine cash it permits you to build confidence understand the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to remember prior to you select someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i suggest 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 risk simply means am i fine with possibly losing a good amount of this financial investment or gaining as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the fact 75 individuals will lose money but that equally indicates they’ll lose at some point in their journey obviously individuals do earn money too and i have actually got videos all about how you can make certain you are among individuals to really generate income but in this circumstance ensure you research study your risk level would you be alright providing your cash to someone else which is effectively what you’re doing and trusting them make sure you comprehend what they’re investing in completely if you’re someone who isn’t wanting to be that risky do not pick someone who’s entirely into crypto or currency conversion consider it you ‘d probably desire a backbone of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact use this too truly easily over here you can copy people now it will give you a great deal of choices and you can utilize the system to in fact look for someone that you fancy really following so let’s see possibly we want somebody from joined kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds a great quantity and i can discover everybody who has actually fulfilled that criteria and it does offer you a threat aspect too so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns
remember it’s like anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to confirm are you okay with this and off you go now another method to in fact 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 really purchasing 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 good to know ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is excellent so in fact for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production business as that. What Is Etoro Platinum.
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