We get htis a lot on our site the answer to Training View Etoro….Questions that i hear from new investors what if you’re brand new to investing you simply don’t want to choose what you really want to invest and you want someone to do it for you there’s only a number of ways that that can take place the first off you can hire a financial investment portfolio manager they’ll generally charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds specific 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 a total please keep in mind this platform is rather sophisticated you can do cfds which naturally 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 about please do study the platform don’t simply presume since i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they give that choice too so you in fact get used to the structure of the website 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 buying genuine business if you select to in this particular video we’re talking about how to copy other individuals’s investments with your cash so certainly your capital is at danger and we have to bear that in mind do not simply do something since that person has actually said they have actually made earnings 14 months in a row buy these options due to the fact that you believe is the best ones for you and that being stated 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 choice to see what other traders are doing amazing we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can in fact state i wish to do exactly what that trader is doing or match that precise portfolio of choices and basically every time they make a trade they purchase they sell whatever they do your cash will be imitated with it so that suggests if for instance 10 of their financial 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 charges involved really important you comprehend 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 purchasing 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 really buying and selling etfs or funds specific commodities private stocks.
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there’ll be charges 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 fees with in particular in this video the next would be things to know prior to you really start investing in copy trading or copy portfolios and finally some best guidance best practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s kick off with fees actually essential to comprehend these now on there’s a number of costs there isn’t fees to do with in fact buying and selling okay so commission fees are free nevertheless there are a couple of other fees the very first one is withdrawal costs so you can clearly 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 on but when you wish to withdraw your cash so you offer 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 five dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m just withdrawing when i definitely need to now you may state okay that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are simply among those options that they have a great deal of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every six months you know depends completely how you’re investing however that is a charge to remember the second charge that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk which’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading two and 2 open market anyone at all this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you type of have to accept you know if you wish to utilize their platform go from uk to us then that conversion cost is there what are they actually giving 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 say give me us dollars rather you have to pay their fees now the great feature of however when you’ve transformed your money you do not have to invest it right now 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 purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s truly great utilizing that part of their website won’t certainly restrict you in any way nevertheless we need to be aware of 2 other fees the very first being what’s called spread charges okay and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is basically the distinction that belongs to the financial investment platform in between the buy rate and the sale price all right it’s their premium on doing both those two 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 in fact means that when you want to offer or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that again so the present price of tesla is the value of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll find this all over this is another way that they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind obviously it’s more expensive to buy than it is to offer so they’re going to give you less back with your sale and you state alright well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you want to offer it which is how they make a little bit of cash on those spread out costs it’s usually extremely little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a little bit money now the last accomplishment is called an
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overnight charge now this is really crucial if you’re in fact utilizing cfds yourself also an over night cost is when you’re refraining from doing that buy offer transaction in the very same day alright there’s then an over night fee charged and even if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which implies you’re in fact buying the exact possession instead of using utilize anyway you won’t get hit with these charges but these charges are if you’re utilizing utilize and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you go into the assistance section this isn’t the overnight costs 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 over night or you’re doing over weekends which only applies as i stated to cfds there are some additional charges obviously depending on what you are investing in too this is on your own so keep that in mind but full charges are entirely within their assistance details fine and we talked about in addition to complimentary to deposit in but 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 have actually said copy trading and copy portfolios are two various ways of actually utilizing these copy functions they do not have any extra fees on top of the normal fees that
are there now what you require to bear in mind though is these potentially managed by other individuals totally or often have developed portfolios you have actually got a genuine person doing the management you need to ensure you pick the person that’s right for you just like any kind of work this is your financial possessions so we absolutely require to ensure it’s the right individual for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a number of different options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your charge card information or anything you can basically have this virtual portfolio imitate 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 an excellent alternative for you again to evaluate the theories fine you might want to purchase tesla or apple or this etf why not utilize the virtual option as a method to sort of safe have fun with it undoubtedly you may have missed out on gains and losses throughout that time of course if you had actually invested your genuine money it allows you to construct confidence understand the platform so that’s one choice 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 bear in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i indicate by that certainly 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 simply indicates am i all right with possibly losing an excellent quantity of this investment or acquiring as
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well now remember whatever is ups and downs you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose money however that equally means they’ll lose at some point in their journey obviously individuals do earn money also and i’ve got videos everything about how you can ensure you’re one of individuals to really make money however in this scenario ensure you research your threat level would you be fine providing your cash to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re buying fully if you’re someone who isn’t wishing to be that dangerous don’t choose somebody who’s entirely into crypto or currency conversion think about it you ‘d probably want a backbone 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 actually utilize this too really easily over here you can copy people now it will give you a great deal of options and you can utilize the system to actually look for somebody that you elegant actually following so let’s see perhaps we desire somebody from united kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a good amount and i can find everybody who has met that criteria and it does offer you a danger factor also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people that have quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to confirm are you fine 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 really deep dive into what is she actually buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine in fact that i purchase too which is excellent so in fact for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s also got a bit more um of the kind of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Training View Etoro.
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