We get htis a lot on our site the answer to Etoro Cnbc….Questions that i hear from new investors what if you’re brand new to investing you merely don’t want to decide what you really wish to invest and you want someone to do it for you there’s only a number of ways that that can occur the to start with you can hire an investment portfolio supervisor they’ll usually charge a quite a high premium to do that maybe a couple of percent of your earnings 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 too now if you’re brand new to a total please keep in mind this platform is quite sophisticated you can do cfds which naturally 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 about please do study the platform don’t simply assume because i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that choice as well so you in fact 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 obviously your capital is at threat this is investing we’re doing you’re investing in real business if you pick to in this specific video we’re talking about how to copy other people’s investments with your cash so clearly your capital is at danger and we have to bear that in mind do not simply do something since that person has said they’ve made revenue 14 months in a row purchase these options due to the fact that you think is the right ones for you which 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 probably.
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famous for it’s the option to see what other traders are doing extraordinary we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can actually say i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and essentially each time they make a trade they buy they sell whatever they do your money will be simulated with it so that suggests 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 costs involved really crucial you understand what are the expenses of this now with any platform there will be some expense to obviously these are genuine business that are investing they’re doing the buying 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 actually buying and selling etfs or funds specific commodities specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering 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 costs with in particular in this video the next would be things to know prior to you in fact begin investing in copy trading or copy portfolios and finally some finest recommendations best practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s start with costs really essential to understand these now on there’s a number of costs there isn’t fees to do with really buying and selling all right so commission costs are free however there are a couple of other charges the very first one is withdrawal charges so you can certainly put cash in now if you’re 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 in the future but when you want to withdraw your money so you sell your shares you offer 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 obviously knowing that i’m going to ensure that i’m only withdrawing when i absolutely require to now you might say fine that’s quite 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 charges are simply one of those alternatives that they have a lot 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 once every six months you understand depends entirely how you’re investing but that is a cost to remember the 2nd cost that i have actually touched upon is that conversion fee now with you’re handling us dollars just there’s not a choice to purchase in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading 2 and 2 free trade anybody this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you sort of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost is there what are they in fact 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 offer me us dollars rather you need to pay their costs now the fantastic aspect of though when you’ve transformed your cash 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 indicates the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s actually great utilizing that part of their site won’t definitely limit you in any way nevertheless we need to be aware of two other fees the first being what’s called spread charges okay and i’m going to show you what i imply on now a spread cost as i’m going to show you
on is essentially the distinction that belongs to the investment platform in between the buy cost and the list 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 value 599 per share in tesla that really means that when you want to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the existing price of tesla is the value of a share what’s called spread fees is the distinction then in fact 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 benefit from you every time you do a buyer’s share so keep that in mind obviously it’s more costly to buy than it is to offer so they’re going to provide you less back with your sale and you state alright well why does that occur it simply 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 which is how they make a little bit of cash on those spread out costs it’s normally incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit money now the last feat is called an
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overnight charge now this is really crucial if you’re actually using cfds yourself too an overnight cost is when you’re not doing that buy offer transaction in the very same day fine there’s then an overnight charge charged or perhaps 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 really buying out the etf the stock the product and utilizing time one take advantage of which suggests you’re really purchasing the exact asset instead of utilizing leverage anyway you won’t get hit with these costs but these fees are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the exact same day so let’s say if you go into the aid section this isn’t the overnight costs information you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that just uses as i said to cfds there are some added fees naturally depending upon what you are investing in as well this is on your own so keep that in mind but complete costs are completely within their help details okay and we talked about along with totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of really using these copy operates they don’t have any additional fees on top of the typical fees that
are there now what you need to keep in mind though is these potentially handled by other individuals completely or sometimes have actually produced portfolios you’ve got a real individual doing the management you need to ensure you pick the individual that’s right for you similar to any line of work this is your monetary assets so we absolutely require to make sure it’s the best 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’ve got a couple of various 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 genuine cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need 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 actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash maybe this is an excellent alternative for you again to check the theories all right you might want to buy tesla or apple or this etf why not use the virtual choice as a method to type of safe have fun with it undoubtedly you may have missed out on gains and losses during that time obviously if you had invested your genuine cash it enables you to build confidence understand the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact 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 ensure you understand what your risk profile is now what do i mean by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply means am i okay with potentially losing a great quantity of this investment or getting 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 fact 75 people will lose money but that similarly suggests they’ll lose eventually in their journey undoubtedly individuals do generate income also and i’ve got videos everything about how you can make sure you are among the people to actually earn money however in this circumstance make sure you research study your threat level would you be okay giving your money to someone else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re buying totally if you’re someone who isn’t wishing to be that dangerous do not choose somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong commodities
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like gold or even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can really use this too truly quickly over here you can copy individuals now it will provide you a great deal of options and you can use the system to in fact look for somebody that you expensive actually following so let’s see maybe we desire someone from united kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has actually fulfilled that criteria and it does give you a risk element also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals that have quite high returns
keep in mind it resembles anything to do with the news or forecasts 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 other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to verify are you okay 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 in fact purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got some of mine really that i invest in too which is excellent so really for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s also got a bit more um of the kind of primary food companies and you’ve got you understand pharmaceutical and production business as that. Etoro Cnbc.
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