We get htis a lot on our site the answer to Windhoff From Etoro….Concerns that i hear from new investors what if you’re brand new to investing you just do not want to decide what you really want to invest and you want someone to do it for you there’s just a couple of ways that that can occur the first off you can work with a financial investment portfolio manager they’ll normally charge a quite a high premium to do that maybe one or two percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific 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 also now if you’re brand new to an overall please bear in mind this platform is quite sophisticated you can do cfds which naturally cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re discovering please do study the platform do not simply presume because i utilize it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they consider that alternative too so you in fact get used to the structure of the site and after that 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 purchasing genuine companies if you choose to in this particular video we’re speaking about how to copy other individuals’s investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not just do something because that individual has said they have actually made profit 14 months in a row purchase these choices since you believe is the ideal ones for you and that being said 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 most likely.
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famous for it’s the alternative to see what other traders are doing incredible we don’t generally get that insight from a lot 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 exactly what that trader is doing or match that exact portfolio of alternatives and essentially every time they make a trade they buy they sell whatever they do your cash will be imitated with it so that means 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 also cover is the fees involved truly important you comprehend what are the expenses 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 some of the no cost sites then may not charge you for really buying and selling etfs or funds specific products individual stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know prior to you in fact begin purchasing copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s begin with costs actually important to comprehend these now on there’s a couple of costs there isn’t fees to do with in fact buying and selling alright so commission fees are complimentary nevertheless there are a number of other charges the very first one is withdrawal charges so you can clearly put cash in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your cash so you sell your shares you sell 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 make certain that i’m only withdrawing when i absolutely require to now you might state all right that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are just among those options that they have a great deal of platforms certainly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every six months you understand depends completely how you’re investing however that is a charge to keep in mind the 2nd charge that i’ve discussed is that conversion fee now with you’re handling us dollars just there’s not a choice to buy in euros or uk and that’s fine that fits 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 charge now when you use anybody so if you’re using trading 2 and two free trade anyone at all this is standard they have i suppose stuck to whatever fee 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 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 haggle with them you can’t go to the bank and say give me us dollars instead you need to pay their fees now the excellent aspect of though when you have actually converted your cash you do not need to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that suggests the initial 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 additional fees so that’s really good utilizing that part of their website won’t definitely restrict you in any way however we need to be aware of 2 other charges the first being what’s called spread fees all right and i’m going to reveal you what i imply on now a spread cost as i’m going to reveal you
on is basically the distinction that is part of the investment platform between the buy cost and the list 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 today tesla’s dollar value 599 per share in tesla that really 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 existing price of tesla is the value of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of make money from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to offer so they’re going to offer you less back with your sale and you state okay well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you wish to offer it which is how they make a little bit of money on those spread out charges it’s typically extremely 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 bit money now the last feat is called an
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over night cost now this is actually important if you’re actually using cfds yourself also an over night charge is when you’re refraining from doing that buy offer transaction in the very same day fine there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which means you’re really buying the precise possession instead of using take advantage of anyway you won’t get hit with these costs but these fees are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you go into the aid area this isn’t the over night costs info you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that just uses as i said to cfds there are some added fees naturally depending on what you are investing in also this is on your own so keep that in mind but full fees are totally within their help information okay and we spoke about along with complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two various ways of really using these copy functions they do not have any additional costs on top of the regular charges that
are there now what you require to keep in mind though is these possibly managed by other people completely or often have actually developed portfolios you’ve got a real person doing the management you have to make sure you pick the person that’s right for you similar to any type of work this is your monetary possessions so we absolutely require to ensure it’s the ideal person for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of various alternatives for us first off 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 ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need 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 really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money possibly this is an excellent choice for you once again to test the theories all right you might wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to kind of safe play with it undoubtedly you may have lost out on gains and losses throughout that time naturally if you had actually invested your genuine cash it permits you to develop confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat 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 just means am i all right 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 make money you’ll lose cash that’s why they make the fact 75 people will lose money however that similarly means they’ll lose at some time in their journey clearly people do make money as well and i’ve got videos everything about how you can make certain you are among the people to actually generate income but in this circumstance make sure you research study your threat level would you be all right offering your cash to someone else which is successfully what you’re doing and trusting them make sure you comprehend what they’re buying completely if you’re somebody who isn’t wanting to be that dangerous do not pick someone who’s completely into crypto or currency conversion think about it you ‘d most likely want a foundation of strong products
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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 same with who you’re following now as i say you can actually utilize this too actually quickly over here you can copy people now it will offer you a great deal of options and you can utilize the system to actually search for someone that you expensive in fact following so let’s see maybe we want somebody from joined kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has actually fulfilled that criteria and it does give 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
bear in mind it’s like anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they might make 4 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 then you understand ask you to confirm are you okay with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she really purchasing 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 kind of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is great so actually for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s also got a bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production business as that. Windhoff From Etoro.
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