We get htis a lot on our site the answer to Etoro App Courses….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely don’t wish to choose what you really wish to invest and you desire someone to do it for you there’s just a couple of manner ins which that can happen the first off you can hire an investment portfolio manager they’ll typically charge a quite a high premium to do that maybe one or two percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are developed 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 a total please keep in mind this platform is rather advanced you can do cfds which of course cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re learning about please do study the platform don’t simply assume because i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they give that choice also so you in fact get used to the structure of the website and then when you’re ready to utilize 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 investing in genuine business if you select to in this particular video we’re discussing how to copy other people’s financial investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not simply do something because that person has actually stated they have actually made revenue 14 months in a row buy these choices because you think is the best 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 element that is probably.
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famous for it’s the option to see what other traders are doing amazing we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can really say i want to do precisely what that trader is doing or match that specific portfolio of alternatives and essentially whenever they make a trade they buy they sell whatever they do your cash will be imitated with it so that indicates if for example 10 of their 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 costs involved truly vital you understand what are the expenses of this now with any platform there will be some cost to clearly these are genuine 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 charge websites then may not charge you for really buying and selling funds or etfs individual commodities individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know prior to you actually begin investing in copy trading or copy portfolios and finally some finest recommendations finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s start with costs really essential to comprehend these now on there’s a number of fees there isn’t costs to do with actually buying and selling okay so commission costs are complimentary however there are a couple of other costs the first one is withdrawal costs so you can certainly put cash in now if you remain 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 wish to withdraw your money so you offer your shares you offer your products 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 obviously understanding that i’m going to make certain that i’m just withdrawing when i definitely require to now you may state all right that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are just one of those alternatives that they have a lot of platforms certainly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every 6 months you know depends completely how you’re investing however that is a fee to keep in mind the second charge that i’ve discussed 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 fine that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading two and 2 free trade anybody this is standard they have i expect stuck to whatever charge they charge for that conversion rate you type of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge exists what are they actually offering 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 give me us dollars instead you need to pay their charges now the excellent aspect of however when you have actually transformed your money you do not need to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the initial day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s actually good using that part of their site won’t certainly limit you in any way nevertheless we have to know two other fees the very first being what’s called spread fees all right and i’m going to show you what i indicate on now a spread cost as i’m going to reveal you
on is basically the distinction that becomes part of the financial investment platform in between the buy rate and the sale price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that actually indicates that when you want to sell or buy as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing rate of tesla is the value of a share what’s called spread fees is the distinction then really to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind certainly it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you state all right well why does that occur it just 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 bit of cash on those spread out charges it’s normally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit money now the last task is called an
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over night cost now this is really crucial if you’re really utilizing cfds yourself also an overnight charge is when you’re not doing that buy sell deal in the exact same day all right there’s then an overnight charge charged or 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 product and utilizing time one take advantage of which indicates you’re really purchasing the exact asset instead of utilizing leverage anyway you will not get hit with these costs however these charges are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy offering in the very same day so let’s say if you go into the assistance area this isn’t the overnight costs information you can see exactly 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 just uses as i said to cfds there are some additional charges naturally depending on what you are investing in too this is on your own so keep that in mind however complete fees are totally within their help information fine and we spoke about as well as totally free to deposit in however 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 fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of actually using these copy functions they do not have any extra fees on top of the regular charges that
are there now what you need to bear in mind though is these possibly handled by other individuals entirely or sometimes have developed portfolios you’ve got a genuine person doing the management you need to ensure you choose the individual that’s right for you similar to any line of work this is your monetary possessions so we definitely need to make certain it’s the best individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually 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 methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your credit card information or anything you can basically have this virtual portfolio mimic as if you are using your own money but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money maybe this is a fantastic alternative for you once again to test the theories alright you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a method to sort of safe have fun with it undoubtedly you might have missed out on gains and losses during that time of course if you had invested your real cash it enables you to develop confidence understand the platform so that’s one option for you then next week and i’m going to go back 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 prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i mean 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 risk just indicates am i okay with possibly losing a good amount of this financial investment or acquiring as
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well now remember everything is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 people will lose cash but that equally means they’ll lose eventually in their journey clearly individuals do generate income also and i have actually got videos all about how you can make certain you are among the people to actually make money but in this circumstance make certain you research study your danger 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 purchasing fully if you’re someone who isn’t wanting to be that risky don’t pick somebody who’s totally into crypto or currency conversion think about it you ‘d probably desire a backbone of strong commodities
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like gold and even oil plus more traditional etfs and index funds you might 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 really use this too really easily over here you can copy people now it will provide you a great deal of options and you can utilize the system to in fact look for somebody that you fancy really following so let’s see possibly we desire someone from united kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a good quantity and i can discover everyone who has actually met that criteria and it does offer you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of individuals that have rather high returns
keep 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 could make four or minus 50 there’s no other 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 validate 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 in fact deep dive into what is she really investing in so let’s enter 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 certainly like type of into those blue box and the tech industry she’s got some of mine really that i buy too which is good so really for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s also got a bit more um of the kind of primary food companies and you have actually got you understand pharmaceutical and production companies as that. Etoro App Courses.
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