We get htis a lot on our site the answer to 407 Letter Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you merely do not wish to choose what you in fact wish to invest and you want somebody to do it for you there’s only a number of ways that that can take place the first off you can work with a financial investment portfolio manager they’ll normally charge a quite a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are created 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 as well now if you’re brand new to a total please bear in mind 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 total of capital so with anything that you’re discovering please do study the platform do not just presume because i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative as well so you actually get utilized to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re discussing how to copy other people’s financial investments with your cash so obviously your capital is at risk and we need to bear that in mind do not just do something because that individual has said they’ve made revenue 14 months in a row buy these options due to the fact that 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 aspect that is probably.
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well-known for it’s the option to see what other traders are doing extraordinary we don’t generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can in fact say i wish to do precisely what that trader is doing or match that specific portfolio of options and generally every time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that means if for instance 10 of their 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 fees involved actually crucial you understand what are the expenses of this now with any platform there will be some cost to certainly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the zero fee websites then might not charge you for in fact buying and selling funds or etfs private commodities specific stocks.
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there’ll be charges 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 understand prior to you really start investing in copy trading or copy portfolios and finally some best advice finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with charges truly important to comprehend these now on there’s a couple of fees there isn’t charges to do with in fact buying and selling okay so commission charges are free nevertheless there are a number of other charges the very first one is withdrawal charges so you can obviously put money in now if you’re in the uk we put our uk money.
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and it’s instantly 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 products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m only withdrawing when i absolutely require to now you might state alright that’s quite 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 charges are just one of those choices that they have a great deal of platforms clearly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every six months you know depends totally how you’re investing however that is a fee to bear in mind the 2nd fee that i’ve touched upon 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 suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even 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 utilizing trading two and 2 open market anybody this is standard they have i suppose stuck with whatever cost they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they really giving you in regards to 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 rather you have to pay their costs now the excellent feature of however when you have actually converted your money you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that implies the initial day that you purchase 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 really great utilizing that part of their website won’t definitely limit you in any way however we need to know 2 other charges the first being what’s called spread charges all right and i’m going to show you what i mean on now a spread cost as i’m going to reveal you
on is basically the distinction that is part of the financial investment platform between the buy cost 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 website today tesla’s dollar value 599 per share in tesla that actually means that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that again so the present price of tesla is the value of a share what’s called spread costs is the difference then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of benefit from you each time you do a purchaser’s share so keep that in mind obviously it’s more costly to purchase than it is to sell so they’re going to give you less back with your sale and you say alright well why does that occur it simply does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it and that is how they make a little bit of money on those spread charges it’s usually exceptionally 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 bit cash now the last accomplishment is called an
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over night cost now this is truly crucial if you’re really using cfds yourself too an overnight fee is when you’re not doing that buy sell deal in the same day fine there’s then an overnight cost charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which implies you’re in fact purchasing the precise possession instead of using take advantage of anyway you will not get hit with these charges however these fees are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s say if you go into the aid area this isn’t the over night charges info you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only uses as i said to cfds there are some surcharges of course depending on what you are investing in as well this is on your own so keep that in mind but full fees are completely within their aid information fine and we discussed in addition to free to deposit in but there’s a 5 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 charge now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of in fact using these copy operates they do not have any extra charges on top of the regular fees that
are there now what you require to remember though is these potentially managed by other individuals totally or often have created portfolios you’ve got a genuine person doing the management you have to make sure you choose the individual that’s right for you just like any profession this is your financial properties so we definitely need 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 utilize this function we have actually got a number of various options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative 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 will not need to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are using your own cash however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money maybe this is an excellent alternative for you again to evaluate the theories all right you might wish to buy tesla or apple or this etf why not utilize the virtual option as a method to sort of safe play with it certainly you may have lost out on gains and losses throughout that time obviously if you had invested your genuine cash it enables you to develop self-confidence understand 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 remember before you pick 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 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 means am i fine with potentially losing a great amount of this financial 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 money that’s why they make the figure 75 people will lose cash but that similarly indicates they’ll lose at some point in their journey certainly people do earn money also and i’ve got videos everything about how you can make certain you are among individuals to actually generate income but in this circumstance ensure you research study your risk level would you be alright offering your cash to somebody else which is efficiently 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 dangerous don’t select someone who’s totally into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong products
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like gold and even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually use this too actually quickly over here you can copy individuals now it will give you a great deal of choices and you can use the system to in fact search for somebody that you elegant really following so let’s see possibly we desire somebody from united 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 met that criteria and it does give you a danger factor as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have rather 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 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 after that you understand ask you to validate are you fine with this and off you go now another method to really 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 little bit so that’s excellent to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine actually that i invest in too which is great so actually for me understanding what i like to invest in 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 likewise got a little bit more um of the kind of primary food companies and you have actually got you understand pharmaceutical and production business as that. 407 Letter Etoro.
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