We get htis a lot on our site the answer to Etoro Alexa Skill….Questions that i speak with new financiers what if you’re brand new to investing you merely don’t wish to choose what you actually wish to invest and you want somebody to do it for you there’s just a couple of manner ins which that can occur the to start with you can hire an investment portfolio supervisor they’ll normally charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular funds are developed 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 keep in mind this platform is quite sophisticated you can do cfds which obviously cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t simply presume because i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they consider that alternative too so you really get utilized to the structure of the site and then when you’re ready to utilize your own money 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 investing in real business if you choose to in this specific video we’re speaking about how to copy other individuals’s investments with your money so obviously your capital is at risk and we have to bear that in mind do not just do something because that individual has stated they have actually made revenue 14 months in a row purchase these options because you believe is the ideal 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 aspect that is most likely.
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well-known for it’s the choice to see what other traders are doing unbelievable we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our cash we can really say i wish to do exactly what that trader is doing or match that precise portfolio of choices and essentially every time they make a trade they buy they offer whatever they do your money will be simulated with it so that implies 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 costs included truly vital you comprehend what are the costs of this now with any platform there will be some cost to obviously these are real business 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 zero charge sites then might not charge you for actually buying and selling funds or etfs individual products individual stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re altering 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 understand prior to you actually begin purchasing copy trading or copy portfolios and finally some finest suggestions finest practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s start with charges truly essential to understand these now on there’s a number of charges there isn’t fees to do with actually buying and selling all right so commission costs are free nevertheless there are a number of other costs the very first one is withdrawal costs so you can undoubtedly put cash 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 however when you want to withdraw your money so you sell your shares you sell your products 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 only withdrawing when i definitely require to now you may state alright that’s rather pricey 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 one of those options that they have a lot 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 when every six months you understand depends totally how you’re investing but that is a fee to bear in mind the second fee that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not an option to purchase in euros or uk which’s fine that matches me.
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a great deal 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 fee now when you use anybody so if you’re utilizing trading 2 and two free trade anyone at all this is basic they have i expect stuck with whatever charge they charge for that conversion rate you kind of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists 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 instead you need to pay their costs now the fantastic aspect of however when you’ve converted your money you do not have to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s actually excellent 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 first being what’s called spread costs okay and i’m going to show you what i mean on now a spread charge as i’m going to show you
on is basically the difference that becomes part of the financial investment platform between the buy price and the list price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that in fact means that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present cost of tesla is the value of a share what’s called spread costs is the difference then really to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of profit from you each time you do a purchaser’s share so keep that in mind certainly it’s more pricey to buy than it is to offer so they’re going to provide you less back with your sale and you say alright well why does that occur 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 and that is how they make a bit of cash on those spread out fees it’s usually extremely little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit cash now the last feat is called an
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over night fee now this is actually essential if you’re actually using cfds yourself as well an over night cost is when you’re not doing that buy offer transaction in the same day all right there’s then an over night fee charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which implies you’re in fact purchasing the specific possession instead of utilizing utilize anyhow you won’t get hit with these fees however these fees are if you’re using utilize and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you go into the help area this isn’t the overnight costs details 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 over night or you’re doing over weekends and that only applies as i said to cfds there are some service charges 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 assistance details fine and we discussed in addition to totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity 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 two different ways of actually using these copy works they don’t have any extra charges on top of the typical fees that
exist now what you require to keep in mind though is these potentially managed by other people completely or in some cases have produced portfolios you have actually 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 properties so we absolutely need to ensure it’s the ideal person for us prior to 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 firstly if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine cash perhaps this is a great choice for you again to check the theories okay you may want to buy tesla or apple or this etf why not utilize the virtual option as a way to sort of safe play with it undoubtedly you might have missed out on gains and losses throughout that time obviously if you had actually invested your genuine cash it permits you to build self-confidence understand the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i suggest by that obviously 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 implies am i fine with potentially losing a great amount of this investment or gaining as
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well now keep in mind everything is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose cash but that similarly implies they’ll lose eventually in their journey obviously people do make money as well and i have actually got videos everything about how you can ensure you are among the people to in fact generate income however in this situation make sure you research study your danger level would you be alright giving your money to somebody else which is successfully what you’re doing and trusting them make certain you understand what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous do not select someone who’s completely into crypto or currency conversion think of it you ‘d probably want a backbone of strong products
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like gold or even oil plus more traditional etfs and index funds you may not want 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 easily over here you can copy people now it will offer you a lot of options and you can utilize the system to actually look for somebody that you elegant really following so let’s see maybe we want somebody from joined kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a great amount and i can find everybody who has actually fulfilled that requirements and it does give you a threat element as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of people that have rather high returns
bear in mind it’s like 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 guarantee 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 confirm are you alright 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 really buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got some of mine actually that i buy too which is excellent so actually for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s likewise got a bit more um of the sort of main food business and you have actually got you know pharmaceutical and production business as that. Etoro Alexa Skill.
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