We get htis a lot on our site the answer to Etoro Question Answers….Questions that i speak with brand-new investors what if you’re brand new to investing you simply do not want to decide what you in fact want to invest and you want somebody to do it for you there’s only a number of ways that that can happen the first off you can hire a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is of course you can purchase mutual funds specific 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 as well now if you’re brand new to a total please bear in mind this platform is quite advanced you can do cfds which obviously cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re learning about please do study the platform don’t simply presume because i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they give that alternative too so you in fact get utilized to the structure of the website and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re purchasing real companies if you select to in this specific video we’re speaking about how to copy other people’s investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not just do something because that individual has actually said they’ve made revenue 14 months in a row purchase these options because you believe is the best ones for you which being said let’s dive straight in [Music] The 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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popular for it’s the choice to see what other traders are doing amazing we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can in fact state i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and basically each time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that means if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges involved truly important you comprehend what are the expenses of this now with any platform there will be some cost to clearly these are real 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 charge sites then may not charge you for in fact buying and selling etfs or funds specific products individual stocks.
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there’ll be charges 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 reveal you the charges with in particular in this video the next would be things to understand before you really begin purchasing copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s kick off with costs actually important to understand 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 nevertheless there are a couple of other fees the first one is withdrawal costs so you can obviously put cash in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your cash so you sell your shares you sell your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i definitely require to now you might state all right 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 someplace and withdrawal fees are simply one of those options that they have a lot of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every 6 months you understand depends totally how you’re investing but that is a fee to remember the 2nd 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 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 or perhaps some crypto so i’m good 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 open market anybody this is basic they have actually i suppose stuck with whatever charge they charge for that conversion rate you type of have to accept you know if you want to utilize their platform go from uk to us then that conversion fee is there what are they actually 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 provide me us dollars instead you need to pay their fees now the terrific aspect of however when you have actually transformed 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 suggests the initial 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 charges so that’s truly great using that part of their website will not certainly restrict you in any way however we need to understand two other charges the first being what’s called spread costs okay and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you
on is essentially the distinction that belongs to the financial investment platform in between the buy price and the list price alright 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 implies that when you wish to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present cost of tesla is the worth of a share what’s called spread fees 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 percentage of make money from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to offer so they’re going to provide you less back with your sale and you say fine well why does that happen it just 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 sell it which is how they make a bit of money on those spread out charges it’s typically exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a bit cash now the last task is called an
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overnight charge now this is really essential if you’re really utilizing cfds yourself too an overnight charge is when you’re not doing that buy sell transaction in the same day all right there’s then an over night cost charged and 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 commodity and utilizing time one take advantage of which suggests you’re really buying the exact possession rather than utilizing leverage anyhow you won’t get hit with these fees but these fees are if you’re using utilize and cfds and after that you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you enter into the aid area this isn’t the over night fees details you can see precisely 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 and that only applies as i stated to cfds there are some additional charges naturally depending on what you are buying too this is on your own so keep that in mind but full costs are completely within their aid details all right and we talked about in addition to complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of in fact utilizing these copy operates they do not have any additional costs on top of the normal charges that
exist now what you require to remember though is these possibly handled by other people completely or often have actually created portfolios you’ve got a genuine person doing the management you need to make sure you choose the person that’s right for you much like any profession this is your monetary assets so we definitely need to make sure it’s the right individual for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a couple of various alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual means 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 require to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are using your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine cash perhaps this is an excellent option for you again to test the theories alright you might want to purchase tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe have fun with it clearly you may have missed out on gains and losses throughout that time naturally if you had invested your genuine money it permits you to build self-confidence understand the platform so that’s one alternative 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 prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i suggest 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 simply suggests am i alright with potentially losing a good amount of this investment or acquiring as
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well now remember whatever is downs and ups you will generate income you’ll lose cash that’s why they make the statistic 75 people will lose cash however that equally means they’ll lose at some point in their journey clearly individuals do earn money as well and i’ve got videos all about how you can ensure you’re one of the people to actually make money but in this situation ensure you research your threat level would you be all right providing your money to someone else which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in totally if you’re somebody who isn’t wanting to be that risky don’t choose somebody who’s completely into crypto or currency conversion think about it you ‘d most likely want a foundation of strong commodities
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like gold or even oil plus more standard 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 in fact utilize this too truly quickly over here you can copy people now it will provide you a great deal of choices and you can use the system to in fact search for somebody that you expensive in fact following so let’s see perhaps we want somebody from joined 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 amount and i can find everybody who has actually satisfied that requirements and it does give you a risk factor too so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of people that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to confirm are you fine with this and off you go now another method to actually deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she in fact buying 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 great to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is excellent so in fact for me understanding what i like to invest in my private 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 also got a bit more um of the kind of primary food companies and you’ve got you know pharmaceutical and production business as that. Etoro Question Answers.
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