We get htis a lot on our site the answer to Does Etoro Trade Cryptocurrency….Questions that i speak with 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 someone to do it for you there’s only a number of manner ins which that can take place the to start with you can employ an investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is naturally you can buy mutual funds specific funds are created 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 also now if you’re brand new to an overall please remember this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform don’t simply presume since i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that alternative as well so you actually get utilized to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying genuine companies if you select to in this specific video we’re speaking about how to copy other people’s investments with your money so certainly your capital is at risk and we need to bear that in mind do not simply do something because that individual has stated they’ve made earnings 14 months in a row purchase these choices since you believe is the ideal ones for you which 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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well-known for it’s the choice to see what other traders are doing unbelievable we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our cash we can actually state i want to do precisely what that trader is doing or match that specific portfolio of alternatives and essentially each time they make a trade they buy they offer whatever they do your money will be mimicked with it so that means if for instance 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 likewise cover is the fees included truly crucial you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the no fee websites then may not charge you for in fact buying and selling etfs or funds individual commodities specific stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 in fact start investing in copy trading or copy portfolios and lastly some finest advice best 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 charges actually essential to comprehend these now on there’s a couple of charges there isn’t costs to do with actually buying and selling alright so commission costs are totally free nevertheless there are a couple of other fees the first one is withdrawal costs so you can clearly put money in now if you remain 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 later however when you wish to withdraw your cash so you sell your shares you sell your commodities whatever you’re selling 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 need to now you may state okay that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are just among those options 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 mainly it can be perhaps even once a year as soon as every six months you understand depends totally how you’re investing but that is a fee to keep in mind the second cost that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not a choice to purchase in euros or uk and that’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even 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 using trading 2 and two open market anybody this is standard they have i expect stuck with whatever charge they charge for that conversion rate you type of have to accept you know if you want to use their platform go from uk to us then that conversion cost 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 have to pay their costs now the terrific aspect of though when you’ve transformed your money you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that indicates the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s actually good using that part of their website will not definitely restrict you in any way however we have to be aware of two other costs the first being what’s called spread costs all right and i’m going to reveal you what i suggest on now a spread charge as i’m going to reveal you
on is essentially the distinction that belongs to the investment platform between the buy price and the sale price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that actually indicates that when you want to buy or offer as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current rate of tesla is the value of a share what’s called spread charges is the distinction then really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of profit 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 offer so they’re going to offer you less back with your sale and you say okay well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a bit of cash on those spread costs it’s usually exceptionally small it could be a matter of pens matter of cents in there but 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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over night cost now this is truly crucial if you’re actually utilizing cfds yourself too an overnight cost is when you’re refraining from doing that buy offer transaction in the exact same day okay there’s then an over night fee charged and even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which means you’re actually purchasing the specific possession rather than using utilize anyhow you won’t get hit with these charges however these costs are if you’re using leverage and cfds and then you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you enter into the aid area this isn’t the over night costs info you can see exactly 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 which only uses 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 full fees are entirely within their assistance information all right and we talked about as well as complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of actually utilizing these copy operates they do not have any extra charges on top of the typical charges that
exist now what you require to bear in mind though is these possibly handled by other individuals completely or sometimes have actually produced portfolios you’ve got a genuine person doing the management you have to ensure you pick the person that’s right for you similar to any profession this is your financial possessions so we definitely need to ensure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a number of different choices 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 real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your charge card details or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine money perhaps this is a great alternative for you again to evaluate the theories fine you may wish to buy tesla or apple or this etf why not use the virtual option as a method to sort of safe have fun with it obviously you might have lost out on gains and losses during that time of course if you had actually invested your genuine money it enables you to build confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to remember before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i indicate by that certainly 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 getting as
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well now keep in mind everything is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 people will lose cash but that similarly suggests they’ll lose at some point in their journey obviously individuals do generate income as well and i’ve got videos all about how you can ensure you are among individuals to really make money however in this scenario make sure you research your threat level would you be okay giving your money to another person which is successfully what you’re doing and trusting them make sure you comprehend what they’re investing in totally if you’re somebody who isn’t wanting to be that risky don’t select someone who’s totally into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or perhaps oil plus more standard 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 state you can really utilize this too actually easily over here you can copy people now it will give you a lot of choices and you can utilize the system to really search for somebody that you elegant in fact following so let’s see perhaps we want someone from united kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can discover everybody who has fulfilled that requirements and it does give you a threat element too 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 individuals that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no 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 fine with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got a few of mine really that i buy too which is good so in fact for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s likewise got a little bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production business as that. Does Etoro Trade Cryptocurrency.
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