We get htis a lot on our site the answer to Does Etoro Have A Development Api?….Questions that i hear from 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 someone to do it for you there’s just a number of ways that that can take place the first off you can hire a financial investment portfolio manager they’ll typically charge a quite a high premium to do that possibly a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are created 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 also now if you’re brand new to an overall please remember this platform is quite sophisticated you can do cfds which of course 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 about please do study the platform do not just presume since i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that choice too so you really get used to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re purchasing real business if you pick to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so certainly your capital is at danger and we have to bear that in mind do not just do something since that person has actually stated they’ve made revenue 14 months in a row purchase these options since you think is the best ones for you and that being stated let’s dive directly in [Music] The things we’re going to cover in this video is comprehending 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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popular for it’s the alternative to see what other traders are doing amazing we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can actually state i want to do precisely what that trader is doing or match that exact portfolio of alternatives and essentially whenever they make a trade they buy they sell whatever they do your money 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 cash in so we’re going to also cover is the fees involved really important you understand what are the costs of this now with any platform there will be some expense to clearly these are genuine companies 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 no charge websites then may not charge you for in fact buying and selling funds or etfs specific commodities private stocks.
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there’ll be costs on other parts maybe 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 know prior to you actually begin purchasing copy trading or copy portfolios and lastly some best suggestions best practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s start with fees really important to understand these now on there’s a number of fees there isn’t costs to do with really buying and selling okay so commission costs are free nevertheless there are a couple of other charges the first one is withdrawal charges so you can undoubtedly put money in now if you remain 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 but when you want 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 five dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you might say alright that’s quite expensive 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 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 as soon as every six months you understand depends totally how you’re investing however that is a fee to bear in mind the 2nd fee that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk which’s great that suits me.
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a lot 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 charge now when you utilize anybody so if you’re using trading two and 2 free trade anybody this is standard they have i suppose stuck with whatever fee they charge for that conversion rate you sort of have to accept you understand if you want to utilize their platform go from uk to us then that conversion fee exists what are they really offering 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 instead you need to pay their costs now the fantastic feature of though when you have actually transformed your money you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests the preliminary 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 charges so that’s actually good utilizing that part of their site won’t definitely limit you in any way nevertheless we need to be aware of 2 other fees the very first being what’s called spread costs okay and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you
on is generally the distinction that is part of the investment platform in between the buy price and the sale price all right it’s their premium on doing both those two 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 actually suggests that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the current cost of tesla is the worth of a share what’s called spread charges is the distinction then in fact 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 whenever you do a buyer’s share so keep that in mind certainly it’s more pricey to buy than it is to sell so they’re going to offer 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 between if you’re buying it then you wish to offer it which is how they make a little bit of cash on those spread fees it’s typically exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit cash now the last feat is called an
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overnight cost now this is truly important if you’re in fact utilizing cfds yourself too an overnight fee is when you’re refraining from doing that buy offer transaction in the same day okay there’s then an over night charge charged or even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one take advantage of which implies you’re actually buying the exact possession instead of utilizing utilize anyway you won’t get hit with these charges but these fees are if you’re utilizing utilize and cfds and after that you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you enter into the help section this isn’t the overnight charges details you can see precisely the breakdown and it’ll tell you what are the charges what are the fees 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 of course depending on what you are purchasing as well this is on your own so keep that in mind but full fees are completely within their assistance information okay and we discussed along with complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of really utilizing these copy functions they don’t have any additional costs on top of the normal charges that
exist now what you require to bear in mind though is these potentially handled by other people completely or sometimes have actually developed portfolios you have actually got a genuine person doing the management you have to ensure you select the person that’s right for you much like any type of work this is your monetary properties so we absolutely require to make sure 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 use this function we have actually got a couple of various options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are using your own cash but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash perhaps this is a fantastic choice for you once again to check the theories fine you may want to buy tesla or apple or this etf why not utilize the virtual option as a method to kind of safe play with it obviously you might have lost out on gains and losses during that time obviously if you had invested your genuine money it enables you to develop self-confidence comprehend 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 actually how to copy individuals and copy portfolios now here’s something to keep in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i mean by that clearly 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 risk simply suggests am i alright with possibly losing a good quantity of this financial investment or acquiring as
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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 people will lose money but that equally implies they’ll lose eventually in their journey certainly individuals do earn money too and i’ve got videos everything about how you can make sure you’re one of the people to actually generate income but in this situation ensure you research your danger level would you be alright giving your money to somebody else which is successfully what you’re doing and trusting them make certain you comprehend what they’re purchasing totally if you’re somebody who isn’t wishing to be that dangerous don’t pick somebody who’s completely into crypto or currency conversion think about it you ‘d probably want a foundation of strong products
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like gold and even oil plus more conventional etfs and index funds you may not want 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 use this too truly easily over here you can copy individuals now it will offer you a lot of choices and you can use the system to actually look for someone that you elegant really following so let’s see perhaps we desire somebody from joined kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has actually fulfilled that requirements and it does provide you a threat factor too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of individuals that have rather high returns
remember it resembles 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 could 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 know ask you to validate are you fine 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 actually 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 know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is great so really for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the kind of main food companies and you’ve got you understand pharmaceutical and production companies as that. Does Etoro Have A Development Api?.
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