We get htis a lot on our site the answer to Gift Card Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply do not want to choose what you really want to invest and you want somebody to do it for you there’s only a number of manner ins which that can happen the to start with you can employ a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is naturally you can purchase mutual funds particular funds are produced 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 an overall please keep in mind this platform is quite innovative you can do cfds which obviously cfds are ways of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform don’t simply assume since i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they give that alternative too so you actually 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 naturally your capital is at threat this is investing we’re doing you’re purchasing genuine business if you choose to in this specific video we’re speaking about how to copy other individuals’s investments with your money so obviously your capital is at risk and we have to bear that in mind do not simply do something because that person has stated they’ve made earnings 14 months in a row buy these options because you believe is the best ones for you which being stated let’s dive directly 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 most likely.
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popular for it’s the option to see what other traders are doing unbelievable we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can really say i wish to do precisely what that trader is doing or match that exact portfolio of choices and essentially each time they make a trade they buy they sell whatever they do your money will be mimicked with it so that implies if for example 10 of their financial 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 included truly important you comprehend what are the costs of this now with any platform there will be some cost to certainly these are real business 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 no cost websites then may not charge you for actually buying and selling funds or etfs individual products 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 type of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you actually begin purchasing copy trading or copy portfolios and lastly some best advice best practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s begin with charges actually essential to understand these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling okay so commission charges are free however there are a number of other fees the first one is withdrawal fees so you can undoubtedly put money in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your cash so you sell your shares you sell your products whatever you’re offering 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 ensure that i’m only withdrawing when i definitely need to now you might say okay that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are simply one of those alternatives that they have a great deal of platforms clearly 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 6 months you know depends completely how you’re investing however that is a cost to remember the 2nd charge that i’ve discussed is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading 2 and two open market anyone at all this is basic they have actually i expect stuck with whatever cost they charge for that conversion rate you type of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost 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 bargain with them you can’t go to the bank and say provide me us dollars rather you have to pay their charges now the terrific feature of however when you’ve transformed your cash you do not need to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s actually excellent utilizing that part of their site won’t certainly limit you in any way nevertheless we need to be aware of two other costs the first being what’s called spread costs fine and i’m going to show you what i imply on now a spread charge as i’m going to show you
on is essentially the difference that becomes part of the financial investment platform between the buy cost 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 site right now tesla’s dollar worth 599 per share in tesla that actually means that when you want to sell or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the current 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 find this everywhere this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind clearly it’s more expensive to buy than it is to offer so they’re going to give you less back with your sale and you say fine well why does that happen 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 wish to offer it which is how they make a bit of cash on those spread charges it’s generally incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a bit cash now the last feat is called an
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over night charge now this is truly crucial if you’re actually utilizing cfds yourself also an over night cost is when you’re refraining from doing that buy sell deal in the very same day fine there’s then an over night charge charged and even if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one utilize which implies you’re actually buying the specific asset instead of utilizing utilize anyhow you won’t get hit with these charges however these charges 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 same day so let’s say if you enter into the help area this isn’t the over night fees details you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which just applies as i stated to cfds there are some added fees obviously depending upon what you are buying also this is on your own so keep that in mind but complete fees are completely within their help info fine and we talked about in addition to totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of in fact utilizing these copy functions they do not have any extra charges on top of the typical charges that
exist now what you need to keep in mind though is these possibly managed by other people completely or often have created portfolios you have actually got a real person doing the management you need to ensure you pick the individual that’s right for you just like any type of work this is your financial assets so we definitely need to ensure it’s the ideal 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 have actually got a couple 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 alternative 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 won’t require to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are utilizing 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 an excellent option for you again to check the theories fine you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe have fun with it certainly you might have missed out on gains and losses during that time of course if you had invested your genuine money it allows you to build confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return 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 prior to you select someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i indicate by that certainly 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 run the risk of simply means am i okay with possibly losing a great amount of this investment or acquiring 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 fact 75 individuals will lose cash but that similarly implies they’ll lose at some point in their journey undoubtedly individuals do make money also and i have actually got videos everything about how you can make sure you are among the people to actually earn money but in this scenario make sure you research study your threat level would you be okay offering your cash to another person which is successfully what you’re doing and trusting them make certain you understand what they’re buying fully if you’re somebody who isn’t wanting to be that dangerous do not choose somebody who’s completely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold and 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 truly easily over here you can copy people now it will offer you a lot of choices and you can utilize the system to really look for someone that you elegant really following so let’s see perhaps we want somebody from united kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can find everyone who has actually met that criteria and it does provide you a threat element too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather 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 way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to validate are you fine 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 actually purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine really that i invest in too which is great so actually for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s also got a bit more um of the sort of main food business and you have actually got you know pharmaceutical and production business as that. Gift Card Etoro.
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