We get htis a lot on our site the answer to Mew To Etoro….Concerns that i hear from brand-new financiers what if you’re brand new to investing you just don’t want to choose what you actually wish to invest and you want somebody to do it for you there’s just a number of ways that that can occur the firstly you can work with a financial investment portfolio supervisor they’ll generally charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular 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 an overall please remember this platform is rather innovative you can do cfds which obviously cfds are ways of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform do not just presume because 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 really get utilized to the structure of the site 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 danger this is investing we’re doing you’re investing in genuine business if you pick to in this particular video we’re speaking about how to copy other people’s financial investments with your money so obviously your capital is at risk and we need to bear that in mind do not simply do something because that individual has said they have actually made profit 14 months in a row invest in these choices due to the fact that you think is the ideal 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 probably.
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popular for it’s the alternative to see what other traders are doing unbelievable we do not typically 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 money we can actually say i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and generally each time they make a trade they purchase they sell whatever they do your cash will be imitated with it so that indicates if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs involved truly crucial you understand what are the expenses of this now with any platform there will be some expense to clearly these are real 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 absolutely no fee sites then may not charge you for actually buying and selling etfs or funds specific products individual stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of fees 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 understand before you actually begin buying 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 begin with costs actually crucial to comprehend these now on there’s a couple of costs there isn’t charges to do with really buying and selling all right so commission fees are totally free nevertheless there are a couple of other charges the first one is withdrawal fees so you can obviously put money in now if you remain in the uk we put our uk cash.
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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 wish to withdraw your money so you offer your shares you offer your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you might say okay that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are just among those options that they have a lot of platforms certainly are 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 when every six months you know depends entirely how you’re investing however that is a fee to bear in mind the second charge 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 and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m excellent 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 basic they have actually i suppose stuck with whatever charge they charge for that conversion rate you type of need to accept you understand if you want to use their platform go from uk to us then that conversion fee is there what are they actually offering 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 instead you have to pay their fees now the excellent thing about however when you have actually converted your money 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 preliminary day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s truly great utilizing that part of their site will not definitely limit you in any way however we have to understand two other costs the very first being what’s called spread fees all right and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you
on is essentially the distinction that becomes part of the investment platform between the buy price and the list price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really means that when you wish to offer or purchase as you can see it’s not the rate you’re seeing up here let me show you that again so the existing price of tesla is the value of a share what’s called spread costs is the distinction then really to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind certainly it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you state all right well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread out costs it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a little bit cash now the last feat is called an
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overnight fee now this is really essential if you’re really utilizing cfds yourself too an over night fee is when you’re refraining from doing that buy sell deal in the exact same day alright there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one utilize which implies you’re really buying the specific possession rather than using take advantage of anyhow you won’t get hit with these fees but these fees are if you’re utilizing take advantage of 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 go into the aid section this isn’t the over night fees information you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only applies 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 complete fees are entirely within their help information fine and we discussed along with complimentary 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 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of actually utilizing these copy works they do not have any extra charges on top of the normal costs that
exist now what you need to keep in mind though is these possibly managed by other individuals totally or often have produced portfolios you have actually got a genuine person doing the management you need to make sure you choose the person that’s right for you just like any type of work this is your monetary possessions so we absolutely require to make sure 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 couple of different choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual means 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 information or anything you can generally have this virtual portfolio imitate as if you are using your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash possibly this is an excellent option for you once again to test the theories all right you might want to buy tesla or apple or this etf why not use the virtual option as a method to type of safe have fun with it clearly you may have lost out on gains and losses during that time obviously if you had actually invested your real cash it allows you to construct confidence comprehend the platform so that’s one option for you then next week and i’m going to return 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 prior to 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 suggest by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk simply implies am i alright with possibly losing an excellent quantity of this financial investment or gaining as
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well now keep in mind everything is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 people will lose cash however that similarly indicates they’ll lose eventually in their journey certainly individuals do make money also and i have actually got videos everything about how you can make sure you are among individuals to actually earn money however in this situation make sure you research your danger level would you be alright offering your cash to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous don’t pick somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong commodities
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like gold or perhaps oil plus more standard 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 state you can in fact use this too really quickly over here you can copy people now it will provide you a lot of options and you can use the system to in fact look for someone that you elegant in fact following so let’s see maybe we want someone from united kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everyone who has actually satisfied that requirements and it does provide you a risk element as well 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 quite high returns
remember it’s like 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 chance to ensure 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 fine with this and off you go now another method to actually deep dive if we click on this person for example ruby mza as an example you can really 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 good to know ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got some of mine actually that i buy too which is great so really for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s also got a bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production business as that. Mew To Etoro.
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