We get htis a lot on our site the answer to Etoro Create Watch List….Questions that i speak with new investors what if you’re brand new to investing you just don’t wish to choose what you really wish to invest and you want someone to do it for you there’s just a number of manner ins which that can happen the to start with you can employ an investment portfolio manager they’ll usually charge a quite a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is of course you can buy mutual funds particular funds are created once 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 as well 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 in fact having the total of capital so with anything that you’re learning about please do study the platform do not 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 give that option as well so you actually get utilized 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 naturally 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 individuals’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 because that individual has actually said they’ve made profit 14 months in a row invest in these options since you believe is the right 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 alternative to see what other traders are doing incredible we don’t typically 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 cash we can really say i wish to do exactly what that trader is doing or match that specific portfolio of choices and generally whenever they make a trade they purchase they offer whatever they do your cash will be simulated with it so that implies if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the charges involved actually vital you understand what are the costs 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 involved and even some of the zero fee websites then may not charge you for actually buying and selling etfs or funds private products specific stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to know before you actually start buying copy trading or copy portfolios and lastly some finest recommendations 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 charges truly essential to comprehend these now on there’s a number of costs there isn’t costs to do with in fact buying and selling alright so commission charges are free however there are a couple of other fees the first one is withdrawal fees so you can certainly put cash in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your money so you offer your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i definitely need to now you might state fine that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal fees are simply among those alternatives that they have a lot of platforms obviously 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 once every six months you understand depends totally how you’re investing however that is a charge to keep in mind the 2nd fee that i have actually touched upon is that conversion fee now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk which’s great that matches 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 anyone so if you’re using trading 2 and two open market anyone at all this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion cost is there what are they in fact providing you in regards to 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 offer me us dollars rather you need to pay their charges now the terrific thing about though when you’ve transformed your money you do not have to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s actually great using that part of their website won’t definitely limit you in any way nevertheless we need to know two other costs the first being what’s called spread costs okay and i’m going to reveal you what i suggest on now a spread charge as i’m going to reveal you
on is essentially the distinction that is part of the investment platform between the buy cost and the price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that really suggests 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 current price of tesla is the worth of a share what’s called spread charges is the distinction then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind obviously 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 in between if you’re buying it then you wish to offer it which is how they make a little bit of money on those spread out costs it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit money now the last task is called an
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over night cost now this is truly important if you’re actually using cfds yourself also an over night fee is when you’re refraining from doing that buy offer transaction in the exact same day fine there’s then an overnight fee charged and even if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which implies you’re in fact buying the exact asset rather than utilizing take advantage of anyhow you won’t get hit with these costs but these costs are if you’re utilizing leverage and cfds and then you’re going to have these fees if you’re not buy selling in the same day so let’s say if you go into the help area this isn’t the overnight costs info 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 over night or you’re doing over weekends and that only uses as i stated to cfds there are some additional charges of course depending upon what you are purchasing too this is on your own so keep that in mind however full fees are totally within their help info fine and we spoke about along with complimentary to deposit in however there’s a five dollar charge if you want 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’ve stated copy trading and copy portfolios are two various methods of in fact utilizing these copy functions they don’t have any additional costs on top of the normal costs that
are there now what you require to remember though is these potentially handled by other individuals completely or in some cases have actually produced portfolios you’ve got a genuine person doing the management you need to ensure you pick the individual that’s right for you much like any profession this is your monetary possessions so we definitely require to ensure it’s the best individual for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of different choices 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 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 information or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money maybe this is a fantastic choice for you again to evaluate the theories fine you might want to buy tesla or apple or this etf why not utilize the virtual option as a method to type of safe play with it clearly you may have missed out on gains and losses during that time of course if you had invested your genuine money it enables you to develop self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i imply 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 suggests am i alright with potentially losing a good amount of this investment or gaining as
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well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 people will lose money however that equally implies they’ll lose at some time in their journey obviously individuals do make money also and i have actually got videos everything about how you can make sure you’re one of the people to really generate income however in this situation make sure you research your risk level would you be alright providing your cash to somebody else which is successfully what you’re doing and trusting them make sure you comprehend what they’re investing in completely if you’re someone who isn’t wishing to be that risky do not pick somebody who’s totally into crypto or currency conversion think of it you ‘d probably desire a backbone of strong commodities
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like gold or even oil plus more conventional 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 state you can actually utilize this too actually quickly over here you can copy individuals now it will give you a lot of options and you can use the system to actually look for someone that you elegant actually following so let’s see perhaps we desire somebody from unified kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a good amount and i can find everybody who has fulfilled that requirements and it does give you a danger element as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not indicate somebody 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 easy as clicking the copy button and off you go and then you know ask you to verify are you alright with this and off you go now another method to really 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 definitely like kind of into those blue box and the tech industry she’s got some of mine actually that i buy too which is good so in fact for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech business that appears 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. Etoro Create Watch List.
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