We get htis a lot on our site the answer to Etoro 1042 S….Questions that i hear from new financiers what if you’re brand new to investing you just don’t wish to choose what you actually wish to invest and you want somebody to do it for you there’s only a couple of ways that that can occur the firstly you can hire a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that possibly a couple of percent of your profits will go to them the other thing is of course you can purchase mutual funds specific funds are created 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 an overall please bear in mind this platform is rather advanced you can do cfds which obviously cfds are ways of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform don’t simply assume since i use 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 actually get utilized to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re purchasing genuine business if you choose to in this specific video we’re talking about how to copy other individuals’s investments with your money so certainly your capital is at risk and we have to bear that in mind do not simply do something since that person has actually stated they have actually made revenue 14 months in a row purchase these choices since you think is the best ones for you and that being said let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is most likely.
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famous for it’s the option to see what other traders are doing extraordinary we don’t normally 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 money we can really state i want to do exactly what that trader is doing or match that specific portfolio of choices and basically whenever they make a trade they purchase they sell whatever they do your money will be mimicked with it so that suggests if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges involved actually crucial you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no fee sites then may not charge you for actually 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 sort of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know before you in fact start purchasing copy trading or copy portfolios and lastly some best suggestions finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s start with costs really crucial to understand these now on there’s a number of fees there isn’t charges to do with actually buying and selling fine so commission fees are totally free nevertheless there are a number of other charges the first one is withdrawal costs so you can certainly put money in now if you’re in the uk we put our uk cash.
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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 money so you sell your shares you offer your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might state okay that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are just among those choices that they have a great deal of platforms clearly are totally free 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 as soon as every 6 months you understand depends completely how you’re investing however that is a fee to keep in mind the second charge that i have actually discussed is that conversion charge now with you’re dealing in us dollars just there’s not an option to purchase in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading 2 and 2 open market anyone at all this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you kind of need 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 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 state provide me us dollars instead you need to pay their costs now the excellent aspect of though when you have actually 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 suggests the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s really good utilizing that part of their site will not definitely restrict you in any way however we need to understand two other charges the first being what’s called spread charges alright and i’m going to reveal you what i mean on now a spread cost as i’m going to reveal you
on is generally the distinction that is part of the financial investment platform between the buy price 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 site today tesla’s dollar value 599 per share in tesla that actually implies that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me show you that once again so the present price of tesla is the value of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you each time you do a buyer’s share so keep that in mind obviously it’s more pricey 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 wish to offer it which is how they make a little bit of cash on those spread costs it’s typically exceptionally 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 cash now the last accomplishment is called an
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over night cost now this is really important if you’re actually utilizing cfds yourself also an over night cost is when you’re refraining from doing that buy sell deal in the very same day alright there’s then an overnight cost charged or even 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 commodity and utilizing time one utilize which indicates you’re actually buying the precise property rather than using leverage anyhow you will not get hit with these charges but these charges are if you’re utilizing take advantage of 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 state if you go into the assistance section this isn’t the over night costs information you can see exactly 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 which just applies as i stated to cfds there are some surcharges of course depending on what you are buying as well this is on your own so keep that in mind but complete charges are totally within their help details alright and we spoke about in addition to totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of actually utilizing these copy works they don’t have any extra fees on top of the regular fees that
are there now what you require to keep in mind though is these possibly managed by other people entirely or often have produced portfolios you have actually got a real person doing the management you need to make sure you pick the individual that’s right for you just like any profession this is your financial assets so we definitely require 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 utilize this function we have actually got a couple of various 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 ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money possibly this is an excellent option for you again to evaluate the theories alright you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe have fun with it clearly you might have missed out on gains and losses during that time naturally if you had actually invested your genuine cash it permits you to construct self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to remember before you choose 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 indicate by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk just suggests am i okay with possibly losing a great quantity of this investment or gaining as
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well now remember whatever is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 people will lose cash however that equally implies they’ll lose at some point in their journey obviously individuals do earn money too and i’ve got videos everything about how you can ensure you are among the people to really earn money however in this circumstance ensure you research your risk level would you be alright providing your money to another person which is effectively what you’re doing and trusting them make sure you comprehend what they’re purchasing 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 want a foundation of strong commodities
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like gold and even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually utilize this too truly easily over here you can copy people now it will offer you a great deal of options and you can utilize the system to really search for someone that you expensive actually following so let’s see possibly we desire somebody from unified kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can discover everybody who has met that criteria and it does provide you a danger aspect also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people 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 somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to verify are you alright 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 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 good to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is excellent so actually for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s also got a bit more um of the sort of main food companies and you have actually got you understand pharmaceutical and production business as that. Etoro 1042 S.
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