We get htis a lot on our site the answer to Which Exchanges Does Etoro Cover….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely don’t wish to choose what you in fact wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can occur the first of all you can work with an investment portfolio manager they’ll typically 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 of course you can purchase mutual funds specific funds are produced 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 a total please bear in mind this platform is quite innovative you can do cfds which naturally cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re learning about 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 cash they give that alternative 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 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 buying real companies if you choose to in this particular video we’re speaking about how to copy other individuals’s financial investments with your cash so certainly your capital is at danger and we have to bear that in mind do not simply do something since that person has actually said they have actually made profit 14 months in a row buy these choices due to the fact that 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 element that is probably.
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well-known for it’s the option to see what other traders are doing extraordinary we do not usually 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 cash we can in fact say i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially whenever they make a trade they buy they sell whatever they do your cash will be imitated with it so that implies if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs involved actually vital you understand what are the costs of this now with any platform there will be some cost to obviously 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 a few of the no fee websites then may not charge you for in fact buying and selling etfs or funds individual products private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know before you actually begin buying copy trading or copy portfolios and finally some finest guidance best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s kick off with costs truly crucial to understand these now on there’s a number of costs there isn’t fees to do with actually buying and selling okay so commission costs are free nevertheless there are a couple of other costs the first one is withdrawal charges so you can obviously put cash 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 later however when you wish 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 five dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m just withdrawing when i definitely require to now you might say alright that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are just among those choices 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 mostly it can be perhaps even once a year when every 6 months you know depends entirely how you’re investing however that is a fee to keep in mind the 2nd cost that i have actually touched upon is that conversion fee now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk and that’s great that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading two and two open market anybody this is basic they have i suppose stuck with whatever charge they charge for that conversion rate you sort of need to accept you know if you wish to use their platform go from uk to us then that conversion cost is there what are they really providing you in terms of your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and state give me us dollars rather you need to pay their fees now the great feature of though when you have actually converted your money you do not need to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the initial 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 charges so that’s actually excellent using that part of their site won’t certainly restrict you in any way however we have to know 2 other charges the very first being what’s called spread charges alright and i’m going to show you what i imply on now a spread fee as i’m going to show you
on is generally the distinction that becomes part of the financial investment platform in between the buy rate and the list 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 value 599 per share in tesla that actually implies that when you want to offer or buy as you can see it’s not the cost you’re seeing up here let me reveal you that again so the present rate of tesla is the worth of a share what’s called spread fees is the difference then in fact to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of make money from you each time you do a buyer’s share so keep that in mind obviously it’s more pricey to buy than it is to offer so they’re going to offer you less back with your sale and you say all right 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 wish to sell it which is how they make a little bit of cash on those spread charges it’s normally 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 bit money now the last feat is called an
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over night charge now this is really crucial if you’re in fact utilizing cfds yourself too an over night cost is when you’re refraining from doing that buy sell deal in the very same day all right there’s then an over night cost 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 actually buying out the etf the stock the commodity and using time one take advantage of which means you’re really purchasing the specific possession rather than utilizing leverage anyhow you won’t get hit with these charges but these fees are if you’re using utilize and cfds and then you’re going to have these charges if you’re not buy offering in the same day so let’s say if you go into the assistance area this isn’t the over night costs details you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only uses as i said to cfds there are some service charges naturally depending upon what you are purchasing also this is on your own so keep that in mind however full fees are entirely within their help details alright and we discussed 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 typical 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 two various methods of in fact utilizing these copy works they don’t have any additional charges on top of the normal charges that
are there now what you require to bear in mind though is these possibly managed by other individuals entirely or often have created portfolios you’ve got a genuine individual doing the management you have to make certain you select the individual that’s right for you much like any profession this is your financial possessions so we definitely require to make sure it’s the right person for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a couple of different options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual methods 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 credit card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own cash however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash possibly this is a terrific choice for you again to test the theories alright you may want to purchase tesla or apple or this etf why not use the virtual choice as a method to kind of safe have fun with it undoubtedly you may have missed out on gains and losses during that time obviously if you had invested your genuine money it permits you to build self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i mean by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of just implies am i all right with possibly losing a good quantity of this financial investment or getting as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 people will lose cash but that similarly implies they’ll lose at some time in their journey obviously people do make money also and i have actually got videos everything about how you can make certain you’re one of individuals to really make money however in this circumstance make sure you research your risk level would you be alright offering your cash to another person which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing fully if you’re someone who isn’t wanting to be that dangerous do not select someone who’s completely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold or even oil plus more conventional 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 actually use this too really quickly over here you can copy individuals now it will provide you a lot of choices and you can utilize the system to actually look for someone that you expensive really following so let’s see maybe we desire 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 a good amount and i can find everybody who has fulfilled that requirements and it does give you a risk element too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number 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 mean someone 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 easy as clicking the copy button and off you go and after that you know ask you to confirm are you alright with this and off you go now another method to actually deep dive if we click on this person for instance 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 little bit so that’s excellent to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got some of mine in fact that i invest in too which is good so really 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 companies that appears to be what she chooses she’s likewise got a little bit more um of the type of primary food companies and you’ve got you know pharmaceutical and production business as that. Which Exchanges Does Etoro Cover.
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