Etoro Copypeople – Ask Mary

We get htis a lot on our site the answer to Etoro Copypeople….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely do not want to decide what you in fact want to invest and you desire someone to do it for you there’s only a couple of manner ins which that can take place the first off you can employ a financial investment portfolio manager they’ll usually charge a quite a high premium to do that maybe 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 produced once 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 as well now if you’re brand new to a total please bear in mind this platform is rather innovative you can do cfds which naturally cfds are methods 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 do not just assume due to the fact that i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they consider that choice as well so you in fact get utilized 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 naturally your capital is at danger this is investing we’re doing you’re investing in genuine companies if you select to in this particular video we’re speaking about how to copy other people’s investments with your money so obviously your capital is at threat and we need to bear that in mind do not just do something since that person has actually said they have actually made earnings 14 months in a row invest in these choices due to the fact that you think is the ideal ones for you which being stated 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 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 usually 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 money we can really state i want to do exactly what that trader is doing or match that exact portfolio of choices and essentially whenever they make a trade they purchase they sell whatever they do your cash will be simulated 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 cash in so we’re going to likewise cover is the fees involved actually crucial you comprehend what are the costs of this now with any platform there will be some expense to obviously these are genuine 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 websites then may not charge you for really buying and selling funds or etfs specific commodities specific stocks.

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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know before you really start buying copy trading or copy portfolios and lastly some finest guidance finest practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s start with charges actually important to understand these now on there’s a couple of charges there isn’t costs to do with in fact buying and selling okay so commission charges are free nevertheless there are a number of other charges the first one is withdrawal charges so you can certainly 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 later but when you want to withdraw your cash so you offer your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m just withdrawing when i definitely need to now you might say all right that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are simply among those options that they have a lot of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every 6 months you know depends completely how you’re investing but that is a charge to remember the second charge that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not an option to buy in euros or uk and that’s fine that suits me.

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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading 2 and two open market anybody this is basic they have i suppose stuck to whatever fee they charge for that conversion rate you kind of have to accept you know if you want to utilize their platform go from uk to us then that conversion cost is there what are they actually offering 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 state give me us dollars instead you have to pay their fees now the terrific thing about though when you have actually converted your money you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that means the initial 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 utilizing that part of their website won’t definitely limit you in any way however we have to be aware of 2 other costs the very first being what’s called spread charges okay and i’m going to reveal you what i mean on now a spread cost as i’m going to show you

on is generally the difference that is part of the financial investment platform in between the buy price and the list 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 really indicates that when you want to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present price of tesla is the worth of a share what’s called spread charges is the difference then in fact to buy that share on the platform and you’ll find this everywhere this is another way that 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 costly to buy than it is to sell so they’re going to provide you less back with your sale and you state fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it and that is how they make a bit of money on those spread costs it’s typically exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a little bit cash now the last feat is called an

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overnight fee now this is really essential if you’re in fact using cfds yourself as well an over night charge is when you’re not doing that buy sell deal in the very same day okay there’s then an over night fee charged and even if you go from the friday to the monday prior to cruising 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 utilize which implies you’re in fact buying the exact property rather than utilizing take advantage of anyway you won’t get hit with these fees but these charges are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you go into the help section this isn’t the overnight charges information you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that just uses as i said to cfds there are some added fees obviously depending upon what you are purchasing too this is on your own so keep that in mind but full charges are totally within their help details okay and we spoke about in addition to totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different ways of in fact utilizing these copy functions they do not have any additional fees on top of the regular fees that

exist now what you need to remember though is these potentially handled by other individuals totally or in some cases have actually created portfolios you have actually got a genuine person doing the management you need to make certain you select the individual that’s right for you just like any profession this is your monetary possessions so we absolutely need to make certain it’s the ideal individual 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 play with and it’s not real money that you’re investing you won’t require to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money however in fact buy pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with using your genuine money perhaps this is an excellent option for you again to evaluate the theories fine you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe have fun with it clearly you might have lost out on gains and losses throughout that time naturally if you had actually invested your genuine cash it allows you to construct self-confidence comprehend the platform so that’s one alternative 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 keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat 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 investments the riskier you can be run the risk of simply means am i alright with possibly losing a good amount of this investment or acquiring as

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well now remember everything is ups and downs you will make money you’ll lose money that’s why they make the figure 75 people will lose money but that similarly suggests they’ll lose at some time in their journey obviously individuals do earn money too and i’ve got videos all about how you can ensure you are among the people to in fact earn money but in this scenario ensure you research study your risk level would you be fine providing your cash to another person which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in totally if you’re someone who isn’t wanting to be that dangerous do not choose someone who’s entirely into crypto or currency conversion think of it you ‘d probably desire a foundation of strong products

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like gold or even oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really utilize this too actually easily over here you can copy individuals now it will give you a lot of options and you can use the system to really look for somebody that you fancy really following so let’s see perhaps we want somebody from unified kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has met that criteria and it does give you a risk factor too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have quite high returns

remember it resembles anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they might 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 confirm are you okay with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she actually purchasing so let’s enter 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 definitely like type of into those blue box and the tech market she’s got some of mine in fact that i purchase too which is great so actually 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 chooses she’s also got a bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production business as that. Etoro Copypeople.

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