We get htis a lot on our site the answer to Ehttps Www.Etoro.Com….Questions that i hear from new investors what if you’re brand new to investing you merely do not want to decide what you really want to invest and you want someone to do it for you there’s just a number of ways that that can occur the firstly you can hire a financial investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is obviously you can buy mutual funds particular 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 a total please keep in mind this platform is rather advanced you can do cfds which naturally cfds are ways of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform don’t simply assume due to the fact that i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they give that alternative also so you actually get used to the structure of the site and then when you’re ready to utilize 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 investing in genuine companies if you choose to in this particular video we’re speaking about how to copy other people’s investments with your cash so clearly your capital is at danger and we have to bear that in mind do not just do something because that individual has said they have actually made earnings 14 months in a row buy these options because you believe is the best ones for you and that being said let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.
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famous for it’s the option to see what other traders are doing extraordinary we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our cash we can really say i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and basically 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 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 important you comprehend what are the expenses 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 involved and even a few of the zero cost sites then may not charge you for actually buying and selling funds or etfs individual products specific 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 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 prior to you actually begin investing in copy trading or copy portfolios and lastly some best recommendations finest practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s kick off with fees truly important to comprehend these now on there’s a couple of costs there isn’t fees to do with in fact buying and selling alright so commission fees are complimentary however there are a number of other costs the very first one is withdrawal costs so you can undoubtedly put cash in now if you’re 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 later on but when you wish to withdraw your cash so you sell your shares you offer your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to ensure that i’m just withdrawing when i definitely require to now you might say fine that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are simply among those choices that they have a great deal of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every 6 months you know depends completely how you’re investing but that is a fee to remember the 2nd cost that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an option to buy in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading 2 and 2 open market anybody this is basic they have i expect 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 exists what are they in fact offering 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 say provide me us dollars rather you have to pay their costs now the excellent feature of however when you have actually transformed your money you do not have to invest it right now 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 extra fees so that’s truly good utilizing that part of their site won’t certainly limit you in any way nevertheless we need to be aware of two other costs the very first being what’s called spread fees all right and i’m going to show you what i indicate on now a spread fee as i’m going to show you
on is generally the distinction that is part of the investment platform in between the buy rate and the 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 in fact suggests that when you wish to purchase or sell as you can see it’s not the price you’re seeing up here let me show you that again so the existing rate of tesla is the value of a share what’s called spread costs is the difference then really to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of profit from you every time 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 say 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 want to offer it and that is how they make a bit of money on those spread charges it’s normally extremely small 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 bit money now the last accomplishment is called an
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overnight charge now this is actually crucial if you’re in fact utilizing cfds yourself also an over night fee is when you’re refraining from doing that buy offer transaction in the same day okay there’s then an overnight cost charged or even if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which indicates you’re really purchasing the precise asset instead of utilizing leverage anyhow you will not get hit with these costs however these costs are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you enter into the assistance area this isn’t the overnight fees details you can see exactly 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 which only applies as i stated to cfds there are some added fees obviously depending on what you are investing in also this is on your own so keep that in mind but complete charges are totally within their aid info okay and we spoke about as well as complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different ways of actually utilizing these copy operates they don’t have any extra charges on top of the normal fees that
exist now what you need to bear in mind though is these possibly handled by other people completely or often have produced portfolios you have actually got a genuine individual doing the management you have to make sure you choose the person that’s right for you much like any kind of work this is your financial possessions so we definitely require to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do want to use this function we have actually got a number of various alternatives for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i think 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 essentially have this virtual portfolio imitate as if you are using your own money but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine cash possibly this is a fantastic choice for you once again to evaluate the theories alright you might wish to purchase tesla or apple or this etf why not use the virtual choice as a way to kind of safe have fun with it obviously you may have lost out on gains and losses during that time naturally if you had invested your genuine cash it enables you to construct confidence understand the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i mean by that undoubtedly 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 implies am i okay with potentially losing a great amount of this investment or getting 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 people will lose money but that equally means they’ll lose at some time in their journey clearly people do make money as well and i’ve got videos everything about how you can make certain you are among individuals to in fact earn money however in this situation ensure you research study your threat level would you be okay giving your cash to another person which is successfully what you’re doing and trusting them make certain you comprehend what they’re purchasing fully if you’re somebody who isn’t wanting to be that risky do not pick someone who’s completely into crypto or currency conversion consider it you ‘d probably desire a backbone of strong products
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like gold or even oil plus more traditional etfs and index funds you might 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 in fact use this too truly quickly over here you can copy people now it will offer you a lot of options and you can utilize the system to in fact search for someone that you fancy in fact following so let’s see perhaps we desire someone from joined kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a good quantity and i can find everyone who has actually met that requirements and it does offer you a danger element as well 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 people that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they could make four 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 after that you know ask you to verify are you okay with this and off you go now another method to actually deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she in fact purchasing 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 excellent to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market 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 buy my specific stocks and shares she would resonate with me she’s got a great spread in tech business 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 have actually got you understand pharmaceutical and production companies as that. Ehttps Www.Etoro.Com.
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