We get htis a lot on our site the answer to Etoro Wellect….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply don’t wish to choose what you actually wish to invest and you desire someone to do it for you there’s only a number of manner ins which that can happen the to start with you can employ an investment portfolio supervisor they’ll typically charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is naturally you can buy mutual funds specific funds are produced once 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 also now if you’re brand new to a total please remember this platform is rather advanced you can do cfds which obviously cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform don’t simply assume 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 money they consider that choice as well so you actually get utilized to the structure of the website and then 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 purchasing genuine business if you select to in this specific video we’re discussing how to copy other people’s investments with your money so certainly your capital is at danger and we need to bear that in mind do not just do something because that individual has actually said they’ve made profit 14 months in a row buy these options because you believe is the ideal ones for you and that being said let’s dive directly in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one element that is probably.
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popular for it’s the option to see what other traders are doing unbelievable we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can actually state i want to do exactly what that trader is doing or match that exact portfolio of options and generally every time they make a trade they purchase they offer whatever they do your money will be imitated with it so that implies if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the fees included actually important you understand what are the expenses of this now with any platform there will be some cost to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the no charge websites then may not charge you for in fact buying and selling etfs or funds individual commodities specific stocks.
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there’ll be costs on other parts possibly 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 fees with in particular in this video the next would be things to know prior to you really start investing in copy trading or copy portfolios and lastly some finest guidance best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s kick off with costs actually crucial to understand these now on there’s a couple of charges there isn’t charges to do with actually buying and selling all right so commission fees are complimentary however there are a couple of other costs the first one is withdrawal costs so you can clearly put cash 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 but when you wish to withdraw your money 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 naturally knowing that i’m going to make sure that i’m just withdrawing when i definitely need to now you may state all right that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are just one of those choices that they have a lot of platforms obviously are totally free to do such things has this five 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 charge to bear in mind the 2nd charge that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not a choice to buy in euros or uk which’s great 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 and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading two and two free trade anybody this is standard they have i expect stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you want to use their platform go from uk to us then that conversion charge is there what are they actually providing 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 have to pay their charges now the fantastic aspect of though when you’ve converted your cash you do not have to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s actually excellent using that part of their site will not certainly restrict you in any way nevertheless we need to understand two other costs the first being what’s called spread fees fine and i’m going to show you what i indicate on now a spread fee as i’m going to reveal you
on is essentially the distinction that is part of the financial investment platform in between the buy price 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 today tesla’s dollar value 599 per share in tesla that actually indicates that when you wish to offer or buy as you can see it’s not the cost you’re seeing up here let me show you that again so the existing price of tesla is the worth 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 everywhere this is another manner in which they make a small amount of benefit from you every time you do a purchaser’s share so keep that in mind clearly it’s more costly to purchase than it is to sell so they’re going to provide you less back with your sale and you say all right well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread fees it’s normally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit cash now the last feat is called an
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overnight charge now this is truly essential if you’re really using cfds yourself as well an overnight charge is when you’re refraining from doing that buy sell transaction in the same day okay there’s then an over night charge charged or perhaps 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 utilize which means you’re actually buying the specific possession instead of utilizing utilize anyhow you will not get hit with these costs but these charges are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the very same day so let’s state if you enter into the aid area this isn’t the overnight charges information you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only uses as i stated to cfds there are some service charges of course depending on what you are investing in also this is on your own so keep that in mind but complete fees are totally within their help info fine and we spoke about in addition to free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product 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 methods of actually utilizing these copy functions they do not have any additional charges on top of the typical charges that
exist now what you require to keep in mind though is these potentially managed by other individuals completely or sometimes have actually developed portfolios you’ve got a genuine individual doing the management you have to make sure you select the individual that’s right for you just like any type of work this is your financial possessions so we definitely 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 want to utilize this function we have actually got a number of various alternatives for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash 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 won’t require to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money but in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine cash possibly this is an excellent choice for you again to test the theories all right you might want to purchase tesla or apple or this etf why not use the virtual alternative as a method to kind of safe have fun with it obviously you may have missed out on gains and losses throughout that time obviously if you had invested your real cash it enables you to construct confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my genuine 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 prior to you select someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i suggest 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 just suggests am i alright with possibly losing an excellent quantity of this financial investment or acquiring as
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well now remember whatever is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose cash but that equally suggests they’ll lose eventually in their journey obviously individuals do earn money too and i have actually got videos all about how you can make sure you’re one of individuals to actually generate income but in this situation make certain you research your risk level would you be all right offering your cash to somebody else which is effectively what you’re doing and trusting them make certain you comprehend what they’re purchasing totally if you’re someone who isn’t wishing to be that dangerous don’t pick somebody who’s completely into crypto or currency conversion think of it you ‘d probably want a backbone of strong commodities
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like gold or 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 say you can really 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 expensive really following so let’s see possibly 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 reasonable that sounds a great quantity and i can discover everyone who has met that requirements and it does offer you a threat factor also 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 individuals that have rather high returns
bear in mind it’s like anything to do with the news or predictions 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 ensure 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 alright with this and off you go now another method to really 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 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 great to know ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is good so actually for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the sort of main food business and you’ve got you know pharmaceutical and production business as that. Etoro Wellect.
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