We get htis a lot on our site the answer to Does Etoro Trade Really Free….Concerns that i speak with brand-new investors what if you’re brand new to investing you just don’t want to decide what you really wish to invest and you want someone to do it for you there’s only a number of manner ins which that can take place the firstly you can hire a financial investment portfolio manager they’ll usually charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is of course you can purchase mutual funds particular 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 an overall please bear in mind this platform is rather innovative you can do cfds which obviously cfds are ways of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform don’t simply assume since i use 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 consider that option too so you really get used to the structure of the site and then when you’re ready to use 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 business if you choose to in this particular video we’re discussing how to copy other people’s investments with your cash so certainly your capital is at risk and we need to bear that in mind do not just do something since that individual has said they’ve made profit 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 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 choice to see what other traders are doing incredible we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can in fact say i wish to do precisely what that trader is doing or match that exact portfolio of options and essentially each time they make a trade they buy they offer whatever they do your cash will be imitated with it so that suggests if for example 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 likewise cover is the charges included truly crucial you comprehend what are the costs of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero fee websites then might not charge you for really buying and selling funds or etfs private commodities individual stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type 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 understand before you really begin investing in copy trading or copy portfolios and lastly some best guidance 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 charges really important to comprehend these now on there’s a couple of costs there isn’t costs to do with really buying and selling okay so commission fees are complimentary however there are a couple of other fees the first one is withdrawal fees 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 immediately converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your money so you offer 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 understanding that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may say okay that’s rather 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 fees are simply among those alternatives 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 mainly it can be maybe even once a year once every six months you understand depends entirely how you’re investing but that is a cost to bear in mind the 2nd charge that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and 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 using trading 2 and two free trade anybody this is basic they have i expect stuck to whatever charge they charge for that conversion rate you sort of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they really giving you in regards to 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 say provide me us dollars rather you need to pay their fees now the excellent feature of though when you’ve transformed your money you do not have to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s truly great using that part of their website will not certainly limit you in any way however we need to know two other fees the first being what’s called spread costs alright and i’m going to show you what i suggest on now a spread charge as i’m going to show you
on is generally the distinction that becomes part of the financial investment platform between the buy cost and the list price alright 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 means that when you want to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that again so the present price of tesla is the value of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of profit 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 offer so they’re going to provide you less back with your sale and you state all right well why does that occur 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 wish to sell it which is how they make a little bit of money on those spread fees it’s normally extremely small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit money now the last feat is called an
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overnight cost now this is truly important if you’re really using cfds yourself too an overnight fee is when you’re refraining from doing that buy sell transaction in the same day fine there’s then an overnight charge charged or even if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one leverage which means you’re actually buying the precise asset rather than using utilize anyhow you won’t get hit with these costs however these charges are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you enter into the help section this isn’t the over night charges details you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only uses as i stated to cfds there are some service charges naturally depending upon what you are buying as well this is on your own so keep that in mind however complete costs are entirely within their help info alright and we spoke about along with totally free to deposit in but there’s a five 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 have actually stated copy trading and copy portfolios are two various ways of in fact using these copy operates they don’t have any additional fees on top of the typical fees that
are there now what you need to remember though is these possibly handled by other individuals entirely or often have produced portfolios you have actually got a genuine person doing the management you have to make certain you choose the person that’s right for you much like any line of work this is your monetary properties so we absolutely require to make sure it’s the best person for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of different options for us firstly 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 means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money maybe this is a terrific option for you again to check the theories alright you may want to purchase tesla or apple or this etf why not use the virtual option as a method to kind of safe have fun with it clearly you may have lost out on gains and losses during that time obviously if you had invested your genuine money it enables you to construct self-confidence comprehend the platform so that’s one option 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 individuals and copy portfolios now here’s something to bear in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i suggest by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of simply implies am i fine with potentially losing a great quantity of this investment or gaining as
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well now keep in mind everything is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose cash but that similarly indicates they’ll lose eventually in their journey obviously individuals do earn money as well and i have actually got videos everything about how you can make certain you are among the people to in fact make money but in this circumstance make certain you research your danger level would you be all right providing your money to someone else which is effectively what you’re doing and trusting them ensure you understand what they’re buying completely if you’re someone who isn’t wanting to be that dangerous don’t pick somebody who’s completely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products
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like gold and even oil plus more traditional etfs and index funds you might 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 utilize this too truly easily over here you can copy individuals now it will give you a great deal of options and you can utilize the system to in fact look for somebody that you fancy in fact following so let’s see possibly we desire somebody from unified kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has fulfilled that criteria and it does offer you a danger factor too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have quite high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not indicate 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 basic as clicking the copy button and off you go and then you understand ask you to confirm are you okay with this and off you go now another way to in fact deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she actually investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got a few of mine really that i invest in too which is excellent so really for me knowing what i like to purchase my specific 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 type of primary food companies and you have actually got you understand pharmaceutical and production companies as that. Does Etoro Trade Really Free.
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