We get htis a lot on our site the answer to Etoro Hodl….Questions that i hear from brand-new financiers what if you’re brand new to investing you just don’t wish to decide what you actually want to invest and you desire someone to do it for you there’s just a number of ways that that can occur the firstly you can employ a financial 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 naturally you can buy mutual funds particular funds are created once 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 remember this platform is quite innovative you can do cfds which of course cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning about please do study the platform do not simply presume since 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 option too so you in fact get utilized 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 naturally your capital is at threat this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re talking about how to copy other individuals’s investments with your money so obviously your capital is at danger and we need to bear that in mind do not simply do something because that individual has stated they’ve made profit 14 months in a row purchase these choices due to the fact that you think is the best ones for you and that being stated let’s dive directly in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one element that is most likely.
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popular for it’s the option to see what other traders are doing extraordinary we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can in fact state i want to do precisely what that trader is doing or match that precise portfolio of options and generally every time they make a trade they buy they offer whatever they do your money will be imitated with it so that means 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 charges included truly crucial you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are genuine 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 absolutely no cost sites then might not charge you for in fact buying and selling funds or etfs individual 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 type of fees 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 understand before you actually begin purchasing copy trading or copy portfolios and finally some best guidance finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s kick off with costs truly important to understand these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling all right so commission charges are complimentary nevertheless there are a couple of other fees the very first one is withdrawal costs so you can clearly put money in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your cash so you offer your shares you offer 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 understanding that i’m going to ensure that i’m just withdrawing when i definitely need to now you might state all right that’s quite pricey 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 great deal of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every six months you know depends completely how you’re investing however that is a cost to remember the second fee that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not an alternative to buy in euros or uk which’s great that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading 2 and two open market anybody this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you type of have to accept you understand if you want to use their platform go from uk to us then that conversion fee is there what are they in fact providing you in terms of 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 have to pay their fees now the fantastic aspect of though when you’ve converted your money you do not have to invest it immediately that dollar value can sit in your portfolio as cash 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 additional fees so that’s really good using that part of their site will not definitely limit you in any way however we need to understand two other charges the very first being what’s called spread charges alright and i’m going to show you what i imply on now a spread fee as i’m going to show you
on is generally the distinction that belongs to the financial investment platform between the buy cost and the sale price okay 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 worth 599 per share in tesla that really means that when you want to sell or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the current rate of tesla is the worth of a share what’s called spread fees is the distinction 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 small amount of profit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to offer so they’re going to give you less back with your sale and you state okay well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to sell it which is how they make a little bit of money on those spread out charges it’s normally incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit money now the last feat is called an
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over night cost now this is truly crucial if you’re actually using cfds yourself too an over night charge is when you’re refraining from doing that buy sell transaction in the same day fine there’s then an over night fee charged or perhaps 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 product and utilizing time one leverage which suggests you’re in fact buying the exact property instead of utilizing utilize anyhow you will not get hit with these charges however these fees are if you’re utilizing leverage and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you enter into the help area this isn’t the overnight charges info 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 overnight or you’re doing over weekends which just applies as i stated to cfds there are some service charges of course depending upon what you are purchasing as well this is on your own so keep that in mind however complete costs are totally within their assistance info alright and we talked about as well as totally 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 five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of in fact utilizing these copy functions they do not have any extra fees on top of the normal charges that
are there now what you require to remember though is these potentially managed by other individuals completely or in some cases have actually produced portfolios you have actually got a genuine individual doing the management you have to ensure you select the individual that’s right for you much like any kind of work this is your financial properties so we definitely require to ensure it’s the right individual for us before 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 choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your credit card details or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money maybe this is a fantastic alternative for you again to evaluate the theories okay you might want to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe have fun with it clearly you might have lost out on gains and losses throughout that time of course if you had actually invested your genuine money it enables you to construct self-confidence comprehend the platform so that’s one alternative 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 individuals and copy portfolios now here’s something to bear in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i imply by that clearly 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 implies am i all right with potentially losing a great quantity of this investment or getting as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose money however that similarly suggests they’ll lose at some time in their journey obviously people do generate income also and i have actually got videos everything about how you can make certain you are among individuals to really make money however in this scenario make sure you research your threat level would you be fine giving your cash to somebody else which is successfully what you’re doing and trusting them ensure you understand what they’re buying totally if you’re somebody who isn’t wanting to be that dangerous do not select somebody who’s totally into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold and even oil plus more traditional 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 really use this too truly quickly over here you can copy people now it will provide you a lot of choices and you can use the system to actually search for someone that you fancy actually following so let’s see possibly we want someone from joined kingdom um who buys let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds a great amount and i can discover everyone who has fulfilled that requirements and it does give you a risk aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they might make four 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 validate are you all right 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 really 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 little bit so that’s good to know ibm paypal yep she’s absolutely like kind 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 actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the kind of main food companies and you’ve got you understand pharmaceutical and production companies as that. Etoro Hodl.
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