We get htis a lot on our site the answer to Etoro + Buying Stocks For Kids….Questions that i hear from brand-new investors what if you’re brand new to investing you merely do not want to choose what you actually wish to invest and you want someone to do it for you there’s just a number of manner ins which that can take place the to start with you can employ a financial investment portfolio manager they’ll generally charge a quite a high premium to do that possibly one or two percent of your earnings will go to them the other thing is naturally you can buy 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 remember this platform is rather advanced you can do cfds which obviously cfds are methods 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 just presume because i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they give that alternative also so you really get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re buying real companies if you select to in this particular video we’re talking about how to copy other individuals’s financial investments with your cash so clearly your capital is at danger and we have to bear that in mind do not just do something since that individual has actually stated they’ve made profit 14 months in a row invest in these options since you think is the ideal ones for you and that being said let’s dive straight 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 aspect that is probably.
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well-known for it’s the choice to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can in fact state i want to do exactly what that trader is doing or match that precise portfolio of choices and essentially whenever they make a trade they buy they offer whatever they do your money 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 cash in so we’re going to likewise cover is the fees involved really crucial you understand 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 purchasing the selling for you there’s going to be charges included and even some of the zero charge sites then may not charge you for really buying and selling etfs or funds private products specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type 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 actually begin buying copy trading or copy portfolios and finally some finest suggestions best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s start with charges really essential to understand these now on there’s a number of costs there isn’t costs to do with actually buying and selling fine so commission fees are complimentary however there are a couple of other fees the first one is withdrawal fees so you can clearly put money 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 but when you want to withdraw your cash so you offer 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 obviously understanding that i’m going to make sure that i’m only withdrawing when i definitely need to now you may state fine that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are just one of those options that they have a lot of platforms certainly are totally 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 six months you know depends completely how you’re investing but that is a fee to bear in mind the second cost that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an alternative to buy 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 anyway or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading 2 and 2 open market anyone at all this is standard they have i expect stuck with whatever fee they charge for that conversion rate you type of have to accept you know if you wish to utilize their platform go from uk to us then that conversion charge is there what are they really providing 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 give me us dollars rather you need to pay their fees now the excellent aspect of however when you have actually transformed your money you do not need to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that indicates the initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s truly good using that part of their website won’t definitely limit you in any way nevertheless we have to know two other fees the very first being what’s called spread fees all right and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is generally the distinction that belongs to the investment platform between the buy rate and the sale price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really implies that when you want to buy or sell as you can see it’s not the price you’re seeing up here let me show you that once again so the present price of tesla is the value of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of profit from you whenever you do a buyer’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you state all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you wish to sell it which is how they make a bit of cash on those spread charges it’s usually incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a little bit cash now the last task is called an
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overnight fee now this is truly crucial if you’re really utilizing cfds yourself too an overnight cost is when you’re not doing that buy offer deal in the exact same day all right there’s then an over night cost 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 really buying out the etf the stock the product and utilizing time one take advantage of which suggests you’re actually purchasing the exact possession instead of utilizing utilize anyway you will not get hit with these charges however these fees are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy offering in the exact same day so let’s say if you go into the help area this isn’t the over night charges details you can see exactly 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 stated to cfds there are some additional charges obviously depending on what you are purchasing as well this is on your own so keep that in mind but complete fees are totally within their assistance details all right and we discussed along with free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of actually using these copy functions they don’t have any additional costs on top of the typical costs that
are there now what you need to bear in mind though is these possibly handled by other people totally or in some cases have created portfolios you’ve got a real person doing the management you need to make sure you select the individual that’s right for you much like any line of work this is your monetary properties so we definitely require to ensure it’s the right individual for us before we copy them so the first things i would call it if you do want to use this function we’ve got a number of various alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your credit card details or anything you can basically have this virtual portfolio mimic as if you are using your own cash however really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money maybe this is a great choice for you again to evaluate the theories alright you might wish to buy tesla or apple or this etf why not utilize the virtual option as a way to kind of safe have fun with it clearly you may have missed out on gains and losses throughout that time of course if you had invested your genuine cash it allows you to construct confidence understand the platform so that’s one choice 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 people and copy portfolios now here’s something to keep in mind before you select 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 imply by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just indicates am i fine with possibly losing a good amount of this financial investment or getting as
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well now remember whatever 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 similarly implies they’ll lose at some time in their journey undoubtedly individuals do generate income as well and i’ve got videos everything about how you can make certain you are among the people to actually generate income however in this circumstance ensure you research study your threat level would you be fine offering your money to somebody else which is effectively what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re somebody who isn’t wanting to be that dangerous don’t select somebody who’s entirely into crypto or currency conversion consider it you ‘d probably want a foundation of strong products
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like gold or perhaps oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can actually utilize this too actually easily over here you can copy individuals now it will offer you a lot of options and you can use the system to in fact search for somebody that you elegant really following so let’s see possibly we desire someone from joined kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everybody who has actually fulfilled that requirements and it does provide you a danger factor also 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 individuals that have quite high returns
keep in mind 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 way to ensure 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 verify are you all right with this and off you go now another method to in fact deep dive if we click on this person for instance 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 little bit so that’s excellent to know ibm paypal yep she’s certainly like type 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 in fact for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s also got a bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production companies as that. Etoro + Buying Stocks For Kids.
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