We get htis a lot on our site the answer to Etoro Forum Forex….Questions that i speak with new investors what if you’re brand new to investing you merely do not want to choose what you actually want to invest and you want someone to do it for you there’s just a couple of ways that that can take place the first of all you can employ an investment portfolio manager they’ll generally charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is obviously you can purchase 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 also now if you’re brand new to a total please keep in mind this platform is rather sophisticated you can do cfds which naturally cfds are methods 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 assume due to the fact that i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they consider that alternative too so you really get used to the structure of the website and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so certainly your capital is at threat and we need to bear that in mind do not just do something because that individual has actually stated they have actually made earnings 14 months in a row buy these options since you think is the right ones for you and that being stated let’s dive directly in [Music] so the important 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 alternative to see what other traders are doing amazing we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can in fact state i want to do exactly what that trader is doing or match that specific portfolio of alternatives and basically every time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that implies if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs involved actually vital you understand what are the costs of this now with any platform there will be some cost to obviously 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 cost websites then may not charge you for in fact buying and selling funds or etfs specific products private stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand before you really begin buying copy trading or copy portfolios and finally some best recommendations finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s begin with fees actually crucial to comprehend these now on there’s a couple of costs there isn’t costs to do with really buying and selling alright so commission fees are free however there are a couple of other fees the very first one is withdrawal costs so you can obviously put money in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your cash so you offer 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 five dollars per withdrawal so for me of course knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you might say alright that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are just among those options that they have a lot of platforms obviously are complimentary 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 6 months you understand depends entirely how you’re investing but that is a charge to keep in mind the second charge that i’ve discussed is that conversion charge now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading 2 and two open market anybody this is standard they have i expect stuck with whatever cost they charge for that conversion rate you sort of have to accept you understand if you wish to use their platform go from uk to us then that conversion cost exists what are they in fact giving you in terms of 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 say offer me us dollars rather you need to pay their charges now the fantastic feature of though when you have actually transformed your money you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you buy or convert 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 great using that part of their site won’t definitely limit you in any way however we have to be aware of 2 other costs the first being what’s called spread charges all right and i’m going to reveal you what i indicate on now a spread charge as i’m going to show you
on is basically the difference that becomes part of the investment platform between the buy price and the list price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really means that when you want to buy or sell as you can see it’s not the price you’re seeing up here let me show you that again so the present rate of tesla is the value of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind undoubtedly 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 say alright well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread out charges 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 fee now this is truly important if you’re actually utilizing cfds yourself too an overnight cost is when you’re not doing that buy sell deal in the same day fine there’s then an overnight fee charged or even if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re really buying the precise possession rather than utilizing utilize anyway you will not get hit with these charges but these charges are if you’re utilizing leverage and cfds and after that 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 aid area this isn’t the over night fees info you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which only applies as i said to cfds there are some additional charges obviously depending on what you are purchasing too this is on your own so keep that in mind but full charges are totally within their aid details fine and we discussed in addition to free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of in fact using these copy functions they don’t have any extra fees on top of the normal fees that
exist now what you need to remember though is these potentially managed by other individuals completely or in some cases have produced portfolios you’ve got a genuine individual doing the management you need to make certain you select the individual that’s right for you much like any kind of work this is your financial properties so we absolutely require to ensure it’s the right individual for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve 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 choice to invest genuine money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are using your own money however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine money possibly this is a terrific alternative for you once again to check the theories okay you might want to buy tesla or apple or this etf why not use the virtual option as a method to kind of safe have fun with it clearly you may have missed out on gains and losses during that time naturally if you had invested your real money it allows you to construct confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i mean 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 just suggests am i all right with potentially losing an excellent 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 money that’s why they make the statistic 75 individuals will lose cash however that similarly implies they’ll lose at some point in their journey clearly individuals do generate income also and i’ve got videos everything about how you can ensure you’re one of the people to actually generate income but in this scenario ensure you research study your threat level would you be alright providing your cash to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re someone who isn’t wanting to be that dangerous don’t choose somebody who’s completely into crypto or currency conversion consider it you ‘d probably want a backbone of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact use this too really quickly over here you can copy individuals now it will give you a lot of options and you can use the system to really search for somebody that you fancy really following so let’s see perhaps we desire someone from united kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds an excellent amount and i can find everybody who has actually satisfied that requirements and it does provide you a threat element also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people that have rather high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not mean 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 after that you know ask you to confirm are you okay with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she actually purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine really that i purchase too which is great so actually 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 business that seems to be what she prefers she’s also got a little bit more um of the kind of primary food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Forum Forex.
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