We get htis a lot on our site the answer to Top Movers Etoro….Concerns that i speak with new financiers what if you’re brand new to investing you just don’t want to choose what you in fact want to invest and you desire someone to do it for you there’s just a number of ways that that can happen the firstly you can employ a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is obviously you can purchase mutual funds specific funds are developed 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 advanced you can do cfds which of course cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform do not simply presume since i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they give that option too so you in fact get utilized 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 of course your capital is at threat this is investing we’re doing you’re investing in real business if you pick to in this specific video we’re discussing how to copy other people’s investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not simply do something since that individual has actually stated they have actually made profit 14 months in a row buy these choices due to the fact that you believe is the right ones for you and that being stated let’s dive straight 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 element that is probably.
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famous for it’s the option to see what other traders are doing incredible we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can really state i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and basically whenever they make a trade they buy they offer whatever they do your money will be simulated with it so that suggests if for example 10 of their financial 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 fees involved truly critical you understand what are the expenses of this now with any platform there will be some cost to obviously these are genuine companies 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 fee sites then may not charge you for in fact 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 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 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 lastly some finest advice best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s begin with costs actually important to understand these now on there’s a number of fees there isn’t fees to do with actually buying and selling all right so commission costs are complimentary nevertheless there are a number of other costs 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 automatically converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your money so you sell your shares you offer your commodities whatever you’re selling the minimum quantity 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 ensure that i’m just withdrawing when i absolutely need to now you may state all right that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are just among those alternatives 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 mostly it can be maybe even once a year once every 6 months you understand depends entirely how you’re investing however that is a cost to keep in mind the second fee that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’s fine that suits 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 great with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and 2 open market anybody this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you kind of have to accept you understand if you want to use their platform go from uk to us then that conversion fee exists what are they really offering 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 state provide me us dollars rather you need to pay their fees now the excellent feature of though when you have actually transformed your cash you do not have to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that means 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 charges so that’s truly great using that part of their site will not certainly restrict you in any way however we have to know 2 other charges the very first being what’s called spread costs alright and i’m going to show you what i mean on now a spread charge as i’m going to show you
on is generally the distinction that becomes part of the investment platform in between the buy cost and the sale price okay 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 worth 599 per share in tesla that really means that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the existing rate of tesla is the worth of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll discover this all over 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 obviously 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 alright well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to sell it which is how they make a little bit of money on those spread charges it’s generally extremely little it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a little bit cash now the last accomplishment is called an
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over night charge now this is actually essential if you’re actually using cfds yourself as well an overnight cost is when you’re refraining from doing that buy sell transaction in the same day fine there’s then an overnight cost charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re really purchasing the specific possession rather than utilizing take advantage of anyhow you won’t get hit with these fees 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 offering in the exact same day so let’s say if you go into the help section this isn’t the overnight charges details you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which only applies as i said to cfds there are some service charges naturally depending upon what you are purchasing too this is on your own so keep that in mind however complete fees are entirely within their assistance details fine and we discussed as well as free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two various methods of in fact using these copy works they do not have any additional fees on top of the normal charges that
exist now what you require to remember though is these possibly handled by other people totally or sometimes have actually produced portfolios you have actually got a genuine person doing the management you have to make sure you pick the individual that’s right for you similar to any type of work this is your financial assets so we definitely require to make certain 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’ve got a couple of different 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 cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your credit card information or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money possibly this is a great choice for you again to check the theories okay you may wish to buy tesla or apple or this etf why not use the virtual choice as a method to type of safe play with it certainly you may have lost out on gains and losses throughout that time obviously if you had invested your real money it permits you to build confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear in mind before you select someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk 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 financial investments the riskier you can be risk simply means am i okay with potentially losing a good amount of this financial investment or acquiring as
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well now keep in mind whatever is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose cash however that similarly means they’ll lose eventually in their journey undoubtedly people do make money also and i have actually got videos everything about how you can ensure you are among individuals to really generate income however in this situation make sure you research your risk level would you be fine offering your cash to somebody else which is effectively what you’re doing and trusting them make certain you comprehend what they’re purchasing completely if you’re somebody who isn’t wishing to be that dangerous don’t select someone who’s completely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong commodities
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like gold or even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact use this too truly quickly over here you can copy people now it will give you a great deal of options and you can use the system to really search for somebody that you elegant in fact following so let’s see maybe we want somebody from joined kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has fulfilled that requirements and it does give you a danger factor also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals 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 someone 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 understand ask you to verify 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 actually 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 great to know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is good so in fact for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s likewise got a little bit more um of the kind of main food companies and you have actually got you know pharmaceutical and production companies as that. Top Movers Etoro.
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