We get htis a lot on our site the answer to Loops22 Etoro….Questions that i hear from new financiers what if you’re brand new to investing you just do not want to choose what you actually wish to invest and you want somebody to do it for you there’s only a number of ways that that can happen the firstly you can employ a financial investment portfolio manager 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 specific 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 too now if you’re brand new to a total please remember this platform is quite sophisticated you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t just presume due to the fact that i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that option too 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 buying genuine business if you choose to in this specific video we’re talking about how to copy other people’s financial investments with your cash so obviously your capital is at risk and we have to bear that in mind do not simply do something since that individual has actually said they have actually made revenue 14 months in a row purchase these options due to the fact that you believe is the best ones for you which being said let’s dive directly in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one element that is probably.
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well-known for it’s the option to see what other traders are doing extraordinary we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can actually state i want to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially whenever they make a trade they purchase they sell whatever they do your money will be mimicked with it so that means if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs included truly vital you comprehend what are the costs of this now with any platform there will be some cost to obviously these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the no fee sites then might not charge you for really buying and selling funds or etfs private products private stocks.
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there’ll be fees on other parts possibly 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 reveal you the charges with in particular in this video the next would be things to know prior to you actually begin investing in copy trading or copy portfolios and finally some best recommendations best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s kick off with fees really crucial to comprehend these now on there’s a couple of fees there isn’t costs to do with really buying and selling okay so commission costs are totally free nevertheless there are a couple of other fees the very first one is withdrawal fees so you can certainly put money in now if you remain 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 money so you sell your shares you offer 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 just withdrawing when i definitely require to now you might state all right that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are just among those choices that they have a lot of platforms clearly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every six months you know depends completely how you’re investing but that is a fee to bear in mind the 2nd cost that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not a choice 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 anyhow or the etfs that i’m purchasing and even some crypto so i’m great 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 free trade anybody this is standard they have i expect stuck with whatever charge they charge for that conversion rate you kind of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee is there what are they actually providing 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 provide me us dollars rather you have to pay their charges now the great feature of however when you’ve converted your cash you do not need to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that indicates the initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s actually excellent using that part of their site won’t certainly limit you in any way nevertheless we need to understand 2 other charges the very first being what’s called spread fees okay and i’m going to show you what i imply on now a spread fee as i’m going to show you
on is generally the distinction that is part of the financial investment platform in between the buy price and the sale price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that really means that when you wish to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current cost of tesla is the value of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind obviously it’s more expensive to purchase than it is to sell so they’re going to provide you less back with your sale and you say alright well why does that occur it simply 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 want to sell it and that is how they make a little bit of cash on those spread charges it’s normally incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit money now the last task is called an
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over night charge now this is actually crucial if you’re really utilizing cfds yourself as well an overnight cost is when you’re not doing that buy offer transaction in the exact same day alright there’s then an over night charge charged and even if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one take advantage of which suggests you’re in fact buying the precise asset instead of using utilize anyway you will not get hit with these charges but these charges are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy selling in the same day so let’s state if you go into the assistance section this isn’t the overnight costs information 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 said to cfds there are some service charges naturally depending on what you are investing in too this is on your own so keep that in mind however full charges are entirely within their aid info alright and we discussed in addition to 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 five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of in fact using these copy works they don’t have any additional charges on top of the regular costs that
exist now what you require to remember though is these possibly handled by other individuals totally or sometimes have actually created portfolios you’ve got a genuine individual doing the management you have to ensure you choose the person that’s right for you much like any kind of work this is your financial assets so we definitely need to make sure it’s the right person for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of different choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your credit 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 individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine money perhaps this is a fantastic option for you again to check the theories okay you may want to purchase tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe play with it undoubtedly you may have lost out on gains and losses during that time obviously if you had invested your genuine cash it permits you to construct self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i indicate by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just implies am i all right with potentially losing a great amount of this financial investment or acquiring 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 fact 75 people will lose money but that similarly suggests they’ll lose at some time in their journey clearly people do generate income as well and i have actually got videos everything about how you can make sure you are among the people to in fact make money but in this circumstance ensure you research study your danger level would you be all right providing your money to another person which is successfully what you’re doing and trusting them make certain you comprehend what they’re investing in fully if you’re someone who isn’t wanting to be that risky don’t choose somebody who’s totally into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong commodities
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like gold and even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually use this too actually quickly over here you can copy individuals now it will provide you a great deal of options and you can use the system to in fact search for somebody that you elegant really following so let’s see maybe we desire someone from joined kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a great quantity and i can find everyone who has fulfilled 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 undoubtedly there are a variety of people that have quite high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not indicate somebody 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 then you understand ask you to validate are you okay with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she actually buying 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 excellent to know ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine in fact that i purchase too which is good so actually for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the type of primary food companies and you have actually got you know pharmaceutical and production business as that. Loops22 Etoro.
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