We get htis a lot on our site the answer to Etoro Wallet Compatible Older Version….Questions that i hear from new investors what if you’re brand new to investing you just do not want to decide what you in fact want to invest and you want somebody to do it for you there’s just a number of ways that that can happen the first off you can employ an investment portfolio supervisor they’ll generally charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is obviously you can purchase 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 too now if you’re brand new to a total please bear in mind this platform is quite sophisticated you can do cfds which of course 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 due to the fact that 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 consider that alternative also so you really get used to the structure of the website and after that when you’re ready to use 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 buying real business if you pick to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so clearly your capital is at threat and we need to bear that in mind do not simply do something because that person has said they’ve made profit 14 months in a row invest in these options since you believe is the right 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 aspect that is probably.
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popular for it’s the choice to see what other traders are doing incredible we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can in fact say i want to do exactly what that trader is doing or match that specific portfolio of options and generally whenever they make a trade they purchase they offer whatever they do your money will be imitated 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 money in so we’re going to also cover is the charges involved actually critical you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero cost websites then might not charge you for in fact buying and selling funds or etfs individual commodities private 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 sort of costs 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 know prior to you really begin buying copy trading or copy portfolios and lastly some best guidance best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s begin with costs truly crucial to understand these now on there’s a number of costs there isn’t fees to do with actually buying and selling okay so commission fees are totally free however there are a number of other charges the first one is withdrawal costs so you can certainly put money in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your cash so you offer your shares you offer your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to ensure that i’m just withdrawing when i definitely require to now you might state alright that’s quite 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 options that they have a great deal of platforms obviously are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you understand depends completely how you’re investing however that is a charge to bear in mind the second fee that i have actually touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an option to purchase in euros or uk and that’s fine that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and 2 free trade anyone at all this is standard they have actually i expect stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you wish to utilize their platform go from uk to us then that conversion charge exists what are they actually giving 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 state give me us dollars rather you need to pay their costs now the fantastic aspect of however when you’ve transformed your cash you do not need to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the preliminary day that you purchase or transform 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 really excellent utilizing that part of their site won’t certainly limit you in any way however we need to understand 2 other costs the very first being what’s called spread charges alright and i’m going to show you what i mean on now a spread fee as i’m going to show you
on is generally the difference that is part of the investment platform between the buy price and the price alright it’s their premium on doing both those two 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 indicates that when you wish to offer or purchase as you can see it’s not the cost you’re seeing up here let me show you that again so the present price of tesla is the value of a share what’s called spread charges is the distinction then actually to purchase 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 each time you do a purchaser’s share so keep that in mind obviously it’s more costly to purchase than it is to sell so they’re going to provide you less back with your sale and you say fine 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 wish to sell it and that is how they make a bit of cash on those spread charges it’s usually exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a little bit cash now the last task is called an
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over night cost now this is really crucial if you’re actually utilizing cfds yourself also an over night cost is when you’re not doing that buy offer deal in the same day alright there’s then an over night cost 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 in fact buying out the etf the stock the commodity and using time one utilize which means you’re in fact purchasing the precise possession rather than using utilize anyway you won’t get hit with these charges but these fees are if you’re using leverage and cfds and after that 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 assistance 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 fees then for when you’re doing over night or you’re doing over weekends and that just applies as i said to cfds there are some added fees naturally depending upon what you are investing in as well this is on your own so keep that in mind but complete fees are entirely within their aid info okay and we discussed along with free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of in fact using these copy functions they do not have any extra charges on top of the regular costs that
are there now what you need to bear in mind though is these potentially managed by other individuals totally or sometimes have produced portfolios you’ve got a genuine individual doing the management you need to ensure you pick the person that’s right for you just like any line of work this is your monetary assets so we definitely require to ensure it’s the best person for us prior to we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of various alternatives for us first of all 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 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 require to put in your credit card information or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money maybe this is an excellent alternative for you once again to test the theories all right you may want to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it obviously you may have missed out on gains and losses throughout that time of course if you had actually invested your genuine cash it enables you to develop self-confidence comprehend 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 actually 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 certain you understand what your risk profile is now what do i mean by that clearly 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 means am i all right with possibly 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 make money you’ll lose money that’s why they make the statistic 75 people will lose money however that similarly implies they’ll lose at some point in their journey obviously people do earn money as well and i’ve got videos everything about how you can make sure you’re one of individuals to actually make money but in this situation make certain you research study your danger level would you be all right providing your money to someone else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re somebody who isn’t wishing to be that dangerous do not choose somebody who’s entirely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong products
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like gold or perhaps oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really use this too actually quickly over here you can copy people now it will give you a lot of choices and you can utilize the system to actually search for someone that you elegant actually following so let’s see maybe we want someone from unified kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good quantity and i can discover everyone who has met that requirements and it does give you a danger factor 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 variety of people that have rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to guarantee so do keep that in mind and as basic 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 in fact purchasing 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 understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is excellent so really for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s also got a little bit more um of the type of main food companies and you have actually got you understand pharmaceutical and production business as that. Etoro Wallet Compatible Older Version.
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