We get htis a lot on our site the answer to Etoro Irvine Ca….Concerns that i hear from new financiers what if you’re brand new to investing you merely don’t wish to decide what you actually wish to invest and you want someone to do it for you there’s only a number of ways that that can occur the firstly you can hire a financial investment portfolio manager they’ll normally charge a quite a high premium to do that possibly 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 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 as well now if you’re brand new to a total please remember this platform is quite sophisticated you can do cfds which of course cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning more about please do study the platform do not simply presume because i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that alternative also so you in fact get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re purchasing genuine companies if you pick to in this particular video we’re talking about how to copy other individuals’s financial investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not just do something since that individual has actually stated they’ve made earnings 14 months in a row purchase these options since you think is the best ones for you which being said 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 belongs to social trading which is one element that is probably.
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famous for it’s the alternative to see what other traders are doing incredible we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can in fact say i wish to do precisely what that trader is doing or match that specific portfolio of options and essentially whenever they make a trade they purchase they sell whatever they do your money will be mimicked 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 also cover is the charges included actually important you understand what are the expenses of this now with any platform there will be some cost to obviously these are real companies 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 fee sites then might not charge you for really buying and selling funds or etfs private commodities private stocks.
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there’ll be fees on other parts possibly 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 charges with in particular in this video the next would be things to know prior to you actually start investing in copy trading or copy portfolios and finally some finest suggestions finest practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s begin with fees actually essential to comprehend these now on there’s a number of fees there isn’t fees to do with in fact buying and selling fine so commission fees are totally free however there are a couple of other fees the first one is withdrawal costs so you can undoubtedly put money in now if you remain 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 later on but when you want to withdraw your cash so you sell your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to make sure that i’m only withdrawing when i absolutely need to now you may say all right that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are simply among those alternatives that they have a great deal of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you know depends completely how you’re investing but that is a fee to bear in mind the 2nd charge that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not an option to buy in euros or uk which’s fine 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 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 2 free trade anybody this is basic they have i expect stuck with whatever fee they charge for that conversion rate you sort of need to accept you understand if you want to use their platform go from uk to us then that conversion charge exists what are they in fact offering 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 state offer me us dollars rather you need to pay their fees now the fantastic feature of though when you’ve converted your cash you do not have to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that means 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 fees so that’s really great utilizing that part of their website won’t certainly limit you in any way however we have to be aware of two other costs the first being what’s called spread charges alright and i’m going to reveal you what i imply on now a spread charge as i’m going to show you
on is generally the difference that becomes part of the financial investment platform in between the buy cost and the 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 value 599 per share in tesla that really suggests that when you wish to buy or offer as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the current rate of tesla is the value of a share what’s called spread costs is the difference then actually to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to buy than it is to sell so they’re going to give you less back with your sale and you state all right well why does that happen 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 want to sell it which is how they make a bit of money on those spread out costs it’s typically 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 little bit cash now the last feat is called an
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over night fee now this is actually essential if you’re in fact using cfds yourself also an over night charge is when you’re not doing that buy offer transaction in the same day fine there’s then an over night cost charged and even if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which implies you’re in fact buying the specific property instead of using leverage anyway you will not get hit with these fees but these charges are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the same day so let’s state if you go into the help section this isn’t the overnight costs information you can see precisely 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 which just applies as i said to cfds there are some surcharges of course depending upon what you are purchasing as well this is on your own so keep that in mind but full fees are totally within their help details alright and we spoke about in addition to complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of really using these copy works they do not have any additional charges on top of the normal charges that
are there now what you require to remember though is these possibly handled by other individuals completely or sometimes have actually developed portfolios you’ve got a real person doing the management you need to ensure you choose the individual that’s right for you just like any kind of work this is your financial possessions so we absolutely require 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 have actually got a couple of different choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own money however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money perhaps this is a great choice for you once again to evaluate the theories alright you may want to purchase tesla or apple or this etf why not use the virtual option as a way to sort of safe play with it undoubtedly you may have lost out on gains and losses throughout that time obviously if you had invested your real money it enables you to construct self-confidence understand the platform so that’s one choice 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 people and copy portfolios now here’s something to bear in mind before you select someone 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 suggest by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply means am i alright with possibly losing a good amount of this financial investment or getting as
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well now remember everything is downs and ups you will make money you’ll lose money that’s why they make the fact 75 people will lose cash however that equally implies they’ll lose eventually in their journey certainly individuals do make money too and i have actually got videos everything about how you can make certain you’re one of individuals to actually earn money but in this situation ensure you research your risk level would you be all right giving your cash to another person which is efficiently what you’re doing and trusting them make sure you comprehend what they’re purchasing fully if you’re somebody who isn’t wishing to be that dangerous do not pick someone who’s totally into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong commodities
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like gold and 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 utilize 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 really look for someone that you elegant actually following so let’s see perhaps we want someone from unified kingdom um who purchases let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can discover everybody who has actually fulfilled that requirements and it does give you a threat aspect also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns
bear 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 might make 4 or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you alright with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she really investing in 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 great to know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is good so actually for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s likewise got a bit more um of the sort of primary food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Irvine Ca.
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