We get htis a lot on our site the answer to Etoro Personal Vs Business….Questions that i hear from brand-new financiers what if you’re brand new to investing you just don’t want to choose what you in fact wish to invest and you want someone to do it for you there’s only a couple of ways that that can take place the first of all you can work with an investment portfolio supervisor they’ll usually charge a rather a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is obviously you can buy mutual funds particular funds are developed 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 keep in mind this platform is quite advanced you can do cfds which obviously cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform do not simply presume because 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 choice also so you actually get utilized to the structure of the website and after that when you’re ready to utilize your own money 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 purchasing real business if you select to in this particular video we’re speaking about how to copy other people’s financial investments with your money so clearly your capital is at threat and we need to bear that in mind do not simply do something because that individual has stated they’ve made revenue 14 months in a row purchase these choices since you think is the best ones for you which being stated let’s dive straight in [Music] The things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it’s part of social trading which is one element that is most likely.
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well-known for it’s the option to see what other traders are doing extraordinary we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can in fact say i wish to do exactly what that trader is doing or match that precise portfolio of options and basically every time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that suggests if for example 10 of their financial investment portfolio remains 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 really critical you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the no cost websites then may not charge you for really buying and selling etfs or funds individual products private stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs 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 understand prior to you really start investing in copy trading or copy portfolios and lastly some best recommendations best practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s begin with costs really essential to comprehend these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling all right so commission charges are complimentary however there are a number of other charges the very first one is withdrawal charges so you can obviously put money in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish 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 five dollars per withdrawal so for me naturally understanding that i’m going to ensure that i’m just withdrawing when i absolutely need to now you may state fine that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are simply among those alternatives 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 largely it can be perhaps even once a year once every six months you know depends entirely how you’re investing but that is a fee to keep in mind the second cost that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s great that fits me.
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a great deal of my stocks are us dollar stocks anyway 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 fee now when you utilize anyone so if you’re utilizing trading 2 and 2 open market anyone at all this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion fee exists what are they actually 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 instead you need to pay their charges now the great thing about though when you’ve transformed your money you do not have to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s really good using that part of their website won’t certainly limit you in any way however we need to be aware of 2 other charges the first being what’s called spread costs okay and i’m going to show you what i indicate on now a spread charge as i’m going to show you
on is essentially the difference that belongs to the investment platform between the buy rate and the price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that actually implies that when you wish to buy or offer 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 worth of a share what’s called spread costs is the difference then in fact to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of benefit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to sell so they’re going to give you less back with your sale and you say okay well why does that occur it just 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 want to offer it and that is how they make a bit of cash on those spread fees it’s usually extremely small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit money now the last task is called an
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over night fee now this is really important if you’re in fact using cfds yourself as well an overnight charge is when you’re not doing that buy sell deal in the very same day all right there’s then an overnight charge charged or even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one take advantage of which indicates you’re in fact buying the exact property rather than using utilize anyway you will not get hit with these charges but these costs are if you’re utilizing utilize and cfds and after that you’re going to have these fees 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 costs info 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 overnight or you’re doing over weekends and that only uses as i said to cfds there are some additional charges naturally depending on what you are investing in too this is on your own so keep that in mind but full fees are entirely within their aid details all right and we spoke about along with free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of actually utilizing these copy operates they don’t have any additional costs on top of the typical charges that
are there now what you need to keep in mind though is these possibly handled by other people totally or often have actually created portfolios you have actually got a real individual doing the management you have to make sure you choose the person that’s right for you just like any type of work this is your monetary assets so we absolutely require to make certain it’s the right individual for us prior to 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 various alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money 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 will not need to put in your charge card details 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 cash perhaps this is a fantastic option for you once again to evaluate the theories all right you may wish to buy tesla or apple or this etf why not use the virtual alternative as a way to type of safe have fun with it undoubtedly you may have missed out on gains and losses during that time naturally if you had actually invested your real money it allows you to develop 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 individuals and copy portfolios now here’s something to bear in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i imply 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 risk just suggests am i fine with potentially losing a good amount of this financial investment or gaining as
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well now keep in mind everything is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose cash however that similarly means they’ll lose at some point in their journey certainly individuals do earn money too and i’ve got videos all about how you can make certain you are among individuals to in fact generate income but in this scenario make sure you research your risk level would you be all right giving your money to somebody else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re buying completely if you’re somebody who isn’t wanting to be that dangerous do not pick somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong commodities
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like gold or even oil plus more traditional 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 really utilize this too actually easily over here you can copy people now it will provide you a lot of choices and you can utilize the system to actually search for somebody that you fancy really following so let’s see perhaps we desire someone from unified kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can discover everyone who has met that requirements and it does give you a threat factor too so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people 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 might make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to validate are you alright 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 really deep dive into what is she actually investing in 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 understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is excellent so in fact 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 appears to be what she chooses she’s likewise got a bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production business as that. Etoro Personal Vs Business.
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