We get htis a lot on our site the answer to Kiek Galima Uzdirbti I≈° Etoro….Concerns that i speak with new financiers what if you’re brand new to investing you merely don’t want to choose what you actually want to invest and you desire somebody to do it for you there’s only a number of ways that that can take place the firstly you can hire a financial investment portfolio supervisor they’ll generally charge a rather a high premium to do that perhaps one or two 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 also now if you’re brand new to a total please remember this platform is quite advanced you can do cfds which of course cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform do not simply assume due to the fact that 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 consider that alternative as well so you in fact get utilized to the structure of the site and after that when you’re ready to use your own cash 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 genuine business if you choose to in this specific video we’re speaking about how to copy other people’s financial investments with your cash so obviously your capital is at risk and we need to bear that in mind do not just do something because that person has actually said they’ve made revenue 14 months in a row buy these choices due to the fact that you think is the best ones for you which being said let’s dive straight in [Music] so 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 option to see what other traders are doing amazing we do not generally 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 cash we can really say i want to do exactly what that trader is doing or match that precise portfolio of options and basically whenever they make a trade they buy they sell whatever they do your money will be simulated with it so that indicates if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees involved actually vital you understand what are the expenses of this now with any platform there will be some cost to certainly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the absolutely no cost sites then may not charge you for actually buying and selling funds or etfs specific products private 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 type of fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know before you actually start purchasing copy trading or copy portfolios and finally some finest advice finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s start with fees actually essential to understand these now on there’s a couple of charges there isn’t fees to do with actually buying and selling fine so commission charges are totally free nevertheless there are a number of other charges the very first one is withdrawal costs so you can obviously put cash 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 but when you wish to withdraw your cash so you sell your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m only withdrawing when i definitely require to now you may say fine that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are just among those choices that they have a lot of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every six months you know depends entirely how you’re investing however that is a cost to remember the 2nd cost that i have actually touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to purchase 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 purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading 2 and 2 open market anyone at all this is standard they have i suppose stuck to whatever cost they charge for that conversion rate you kind of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge exists 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 provide me us dollars instead you need to pay their fees now the excellent thing about however when you’ve transformed your cash you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s actually good using that part of their site will not definitely limit you in any way nevertheless we have to understand 2 other costs the first being what’s called spread charges alright and i’m going to show you what i imply on now a spread cost as i’m going to show you
on is basically the difference that becomes part of the financial investment platform in between the buy price 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 today tesla’s dollar value 599 per share in tesla that really 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 reveal you that once again so the present rate of tesla is the worth of a share what’s called spread costs 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 profit from you every time you do a buyer’s share so keep that in mind clearly it’s more expensive to purchase 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 occur it just does that is the nature of a great deal of platforms out there there’s a distinction in 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 typically extremely little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a little bit money now the last feat is called an
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overnight fee now this is really essential if you’re really using cfds yourself too an over night cost is when you’re refraining from doing that buy offer deal in the exact same day fine there’s then an over night cost charged and even if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which means you’re in fact buying the exact property rather than utilizing utilize anyway you won’t get hit with these costs but these costs are if you’re using leverage and cfds and after that 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 fees 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 which only applies as i said to cfds there are some additional charges naturally depending upon what you are purchasing also this is on your own so keep that in mind but complete charges are totally within their aid details all right and we discussed along with totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of in fact using these copy works they don’t have any extra charges on top of the normal costs that
exist now what you require to remember though is these potentially managed by other people totally or sometimes have actually produced portfolios you have actually got a genuine individual doing the management you have to make sure you pick the individual that’s right for you much like any type of work this is your monetary possessions so we definitely require to ensure it’s the best 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 have actually got a couple of various choices for us first off if you’re brand new to investing i wish 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 need to put in your credit card information or anything you can basically have this virtual portfolio mimic as if you are using your own cash but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is a terrific alternative for you again to check the theories okay you may wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to type of safe have fun with it certainly you might have missed out on gains and losses throughout that time of course if you had actually invested your genuine money it enables you to develop self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to bear in mind prior to you choose 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 imply by that obviously 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 means am i fine with potentially losing a good quantity of this investment or getting as
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well now keep in mind everything is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 people will lose cash however that similarly means they’ll lose eventually in their journey obviously individuals do generate income also and i have actually got videos all about how you can make certain you are among the people to really earn money but in this scenario ensure you research your risk level would you be all right offering your cash to someone else which is successfully what you’re doing and trusting them ensure you understand what they’re purchasing totally if you’re somebody who isn’t wishing to be that risky do not pick someone who’s entirely into crypto or currency conversion think about it you ‘d probably want a foundation of strong commodities
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like gold or perhaps oil plus more traditional 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 utilize this too truly easily over here you can copy people now it will provide you a lot of choices and you can use the system to actually look for somebody that you elegant in fact following so let’s see possibly we desire someone from united kingdom um who purchases let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has actually met that criteria 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 variety of people that have quite high returns
bear 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 ensure 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 confirm are you okay with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she really 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 great to understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is good so in fact for me understanding what i like to buy my private 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 bit more um of the kind of main food business and you have actually got you know pharmaceutical and production companies as that. Kiek Galima Uzdirbti I≈° Etoro.
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