We get htis a lot on our site the answer to Is Etoro Wallet Secure?….Questions that i speak with new investors what if you’re brand new to investing you merely do not want to choose what you really wish to invest and you desire someone to do it for you there’s only a couple of ways that that can happen the firstly you can employ an investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is of course you can purchase mutual funds particular funds are produced 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 too now if you’re brand new to an overall please keep in mind this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform do not simply assume due to the fact that i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that alternative also so you actually get used 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 real business if you pick to in this particular video we’re speaking about how to copy other people’s investments with your cash so obviously your capital is at danger and we need to bear that in mind do not just do something since that person has actually stated they have actually made earnings 14 months in a row buy these choices since you think is the ideal ones for you and that being stated let’s dive directly 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 becomes part of 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 unbelievable we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can actually say i want to do precisely what that trader is doing or match that specific portfolio of choices and essentially every time they make a trade they buy they sell whatever they do your cash will be simulated with it so that means if for instance 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 costs involved really critical you comprehend what are the costs of this now with any platform there will be some cost to clearly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero cost sites then may not charge you for really buying and selling funds or etfs private products specific stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort 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 know before you really start buying copy trading or copy portfolios and finally some best recommendations best practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s begin with charges truly crucial to understand these now on there’s a number of fees there isn’t charges to do with in fact buying and selling all right so commission fees are free however there are a number of other fees the first one is withdrawal charges so you can undoubtedly put money in now if you’re 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 in the future but when you wish to withdraw your money so you sell your shares you offer your products 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 knowing that i’m going to ensure that i’m only withdrawing when i definitely require to now you may state okay that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are simply among those choices that they have a lot of platforms obviously are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every 6 months you know depends completely how you’re investing however that is a fee to keep in mind the second cost that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an alternative to buy in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading two and 2 free trade anybody this is basic they have actually i suppose stuck with whatever charge they charge for that conversion rate you kind of need to accept you know if you want to use their platform go from uk to us then that conversion fee 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 haggle with them you can’t go to the bank and state offer me us dollars rather you have to pay their charges now the great thing about however when you have actually converted your cash you do not have 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 initial 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 extra charges so that’s truly great using that part of their site won’t definitely restrict you in any way however we need to understand 2 other costs the first being what’s called spread charges alright and i’m going to show you what i suggest on now a spread charge as i’m going to show you
on is basically the difference that becomes part of the investment platform in between the buy rate 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 website right now tesla’s dollar value 599 per share in tesla that actually indicates that when you wish to purchase or sell 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 worth of a share what’s called spread charges is the distinction then really to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of benefit from you every time you do a buyer’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you say all right 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 wish to sell it and that is how they make a bit of cash on those spread out costs it’s generally extremely little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit money now the last feat is called an
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overnight cost now this is really essential if you’re really utilizing cfds yourself as well an over night fee is when you’re refraining from doing that buy sell transaction in the same day fine there’s then an over night fee charged or perhaps 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 actually buying out the etf the stock the product and utilizing time one take advantage of which implies you’re really purchasing the specific property instead of using take advantage of anyhow you won’t get hit with these costs however 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 very same day so let’s say if you enter into the assistance area this isn’t the over night charges details 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 overnight or you’re doing over weekends and that just uses as i stated to cfds there are some additional charges naturally depending upon what you are buying too this is on your own so keep that in mind however full fees are completely within their aid details alright and we talked about as well as totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular 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 actually using these copy functions they do not have any extra costs on top of the typical charges that
are there now what you need to keep in mind though is these possibly managed by other people completely or in some cases have actually produced portfolios you have actually got a real individual doing the management you have to ensure you choose the person that’s right for you just like any line of work this is your monetary assets so we absolutely need to make sure it’s the ideal individual 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 couple of different options for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your charge card details or anything you can essentially have this virtual portfolio mimic as if you are using your own money but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money perhaps this is a great choice for you again to test the theories alright you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe play with it obviously you may have missed out on gains and losses throughout that time obviously if you had invested your real cash it enables you to construct self-confidence understand the platform so that’s one option 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 remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i imply by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of simply indicates am i alright with possibly losing an excellent quantity of this financial investment or acquiring as
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well now remember everything is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 people will lose money but that equally indicates they’ll lose at some time in their journey obviously people do generate income also and i’ve got videos everything about how you can make certain you are among individuals to in fact generate income however in this situation ensure you research your danger level would you be okay providing your cash to another person which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in fully if you’re someone who isn’t wanting to be that dangerous do not pick someone who’s totally into crypto or currency conversion think about it you ‘d probably desire a backbone of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact utilize this too really easily over here you can copy individuals now it will give you a great deal of choices and you can use the system to actually look for somebody that you fancy in fact following so let’s see possibly we want someone from unified kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has actually fulfilled that criteria and it does give you a risk aspect 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 individuals that have quite high returns
remember it’s like 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 chance 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 confirm are you okay with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she really buying 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 excellent to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is great so really for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s also got a bit more um of the type of primary food business and you have actually got you understand pharmaceutical and production business as that. Is Etoro Wallet Secure?.
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