We get htis a lot on our site the answer to Copy Open Trades On Etoro….Questions that i hear from new investors what if you’re brand new to investing you simply don’t wish to decide what you in fact want to invest and you want somebody to do it for you there’s only a couple of manner ins which that can happen the first of all you can employ a financial investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular funds are produced once 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 remember this platform is rather innovative you can do cfds which naturally cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform don’t simply presume because i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that option too so you in fact get utilized to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at danger 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 individuals’s investments with your money so certainly your capital is at danger and we need to bear that in mind do not simply do something since that person has said they have actually made profit 14 months in a row invest in these options due to the fact that you believe is the ideal ones for you and that 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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popular for it’s the choice to see what other traders are doing amazing we don’t typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can really state i wish to do precisely what that trader is doing or match that precise portfolio of choices and generally each time they make a trade they purchase they offer whatever they do your cash will be simulated with it so that suggests 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 charges included actually important you understand what are the expenses of this now with any platform there will be some cost to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the zero charge sites then might not charge you for really buying and selling funds or etfs private products individual stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 really start investing in copy trading or copy portfolios and lastly some best advice best 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 truly important to understand these now on there’s a couple of costs there isn’t fees to do with actually buying and selling fine so commission costs are free nevertheless there are a number of other charges the very first one is withdrawal costs so you can clearly put money in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your money so you sell your shares you offer 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 knowing that i’m going to make sure that i’m only withdrawing when i definitely require to now you may say all right that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are simply among those options that they have a lot of platforms undoubtedly are totally free 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 completely how you’re investing but that is a cost to remember the 2nd fee that i’ve touched upon is that conversion cost now with you’re handling us dollars just there’s not an alternative to buy in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading two and two free trade anybody this is basic they have i suppose stuck with whatever fee they charge for that conversion rate you type of have to accept you understand if you want to use their platform go from uk to us then that conversion fee exists 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 costs now the terrific aspect of however when you’ve converted your money you do not need to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that means the preliminary 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 extra charges so that’s actually excellent using that part of their website won’t definitely restrict you in any way nevertheless we need to be aware of two other charges 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 charge as i’m going to show you
on is essentially the distinction that becomes part of the financial investment platform in between the buy price and the sale price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that really suggests that when you want to offer or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present cost of tesla is the worth of a share what’s called spread costs is the distinction then really to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of make money from you each time you do a purchaser’s share so keep that in mind certainly it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you state alright well why does that happen it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to offer it which is how they make a little bit of cash on those spread charges it’s usually extremely little 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 cash now the last task is called an
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over night cost now this is really important if you’re actually utilizing cfds yourself as well an over night charge is when you’re refraining from doing that buy sell transaction in the very same day all right there’s then an overnight fee 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 in fact buying out the etf the stock the product and utilizing time one utilize which indicates you’re really purchasing the precise property instead of using leverage anyway you will not get hit with these fees however these costs are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s state if you go into the aid section this isn’t the overnight costs details you can see precisely the breakdown and it’ll tell 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 uses as i stated to cfds there are some additional charges of course depending upon what you are buying as well this is on your own so keep that in mind but complete fees are entirely within their help details fine and we talked about in addition to complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different ways of actually using these copy works they do not have any extra charges on top of the regular charges that
are there now what you need to remember though is these potentially managed by other individuals entirely or often have created portfolios you have actually got a real person doing the management you need to make sure you select the person that’s right for you similar to any type of work this is your monetary possessions so we absolutely need to make certain it’s the best 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 have actually got a number of different alternatives for us to start with 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 details or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash perhaps this is a terrific alternative for you again to evaluate the theories okay you might want to buy tesla or apple or this etf why not utilize the virtual choice as a way to type of safe have fun with it undoubtedly you may have missed out on gains and losses throughout that time obviously if you had invested your genuine money it enables you to construct self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to remember prior to you choose somebody 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 indicate 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 fine with potentially losing a great amount of this investment or getting 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 fact 75 individuals will lose money but that similarly suggests they’ll lose eventually in their journey clearly people do earn money too and i have actually got videos everything about how you can make sure you’re one of individuals to in fact make money however in this situation make sure you research your threat level would you be fine offering your cash to another person which is successfully what you’re doing and trusting them ensure you comprehend what they’re buying totally if you’re someone who isn’t wishing to be that risky don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong products
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like gold and even oil plus more conventional 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 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 actually look for someone that you expensive in fact following so let’s see perhaps we desire someone from unified kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has actually fulfilled that requirements and it does provide 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 people that have quite high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to confirm are you alright with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she in fact buying so let’s go 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 understand ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is good so really for me understanding what i like to invest in my individual 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 likewise got a bit more um of the sort of primary food business and you have actually got you know pharmaceutical and production companies as that. Copy Open Trades On Etoro.
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