We get htis a lot on our site the answer to How To Add Currency Pair Etoro….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 wish to invest and you desire someone to do it for you there’s only a number of ways that that can occur the firstly you can work with an investment portfolio supervisor they’ll normally charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is obviously 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 too now if you’re brand new to an overall please bear in mind this platform is quite innovative you can do cfds which of course cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform do not just assume because i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that alternative as well so you actually 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 threat this is investing we’re doing you’re investing in real companies if you choose to in this particular video we’re speaking about how to copy other individuals’s financial investments with your money so certainly your capital is at danger and we have to bear that in mind do not simply do something because that individual has actually said they’ve made profit 14 months in a row invest in these options since you think is the ideal ones for you which being stated let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is probably.
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well-known for it’s the choice to see what other traders are doing unbelievable we do not normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can actually say i wish to do precisely what that trader is doing or match that specific portfolio of options and essentially each time they make a trade they buy they sell whatever they do your money will be mimicked with it so that implies if for instance 10 of their 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 fees involved actually important you understand what are the costs of this now with any platform there will be some expense to certainly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the zero fee websites then might not charge you for actually buying and selling funds or etfs individual commodities private stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs 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 know before you really start buying copy trading or copy portfolios and lastly some best guidance finest practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s begin with charges actually crucial to comprehend these now on there’s a couple of fees there isn’t costs to do with in fact buying and selling fine so commission costs are totally free however there are a couple of other charges the very first one is withdrawal fees so you can clearly 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 however when you wish to withdraw your cash so you offer your shares you offer your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to make certain that i’m only withdrawing when i absolutely require to now you may state okay 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 someplace and withdrawal charges are simply one of those choices that they have a great deal of platforms certainly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every 6 months you know depends totally how you’re investing however that is a fee to bear in mind the 2nd cost that i have actually touched upon is that conversion fee 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 matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re using trading 2 and two open market anyone at all this is basic they have i suppose stuck to whatever fee they charge for that conversion rate you kind of have to accept you know if you wish to use their platform go from uk to us then that conversion fee 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 haggle with them you can’t go to the bank and state offer me us dollars rather you need to pay their costs now the fantastic thing about 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 cash dollars for as long as you like so that suggests the initial day that you buy or transform 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 really good utilizing that part of their website will not definitely restrict you in any way however we have to know 2 other charges the first being what’s called spread costs all right and i’m going to reveal you what i imply on now a spread charge as i’m going to show you
on is essentially the difference that becomes part of the investment platform between the buy rate and the sale 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 worth 599 per share in tesla that really suggests that when you want to purchase or sell as you can see it’s not the cost you’re seeing up here let me show you that again so the existing cost of tesla is the worth of a share what’s called spread costs is the distinction then in fact 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 provide you less back with your sale and you say okay well why does that happen it just does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you want to offer it which is how they make a bit of money on those spread out costs it’s typically extremely small it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit money now the last feat is called an
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over night fee now this is truly important if you’re really using cfds yourself also an over night cost is when you’re not doing that buy sell transaction in the exact same day okay there’s then an over night cost charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one leverage which indicates you’re really purchasing the specific asset instead of using take advantage of anyway you will not get hit with these charges however these costs are if you’re utilizing leverage and cfds and after that you’re going to have these charges if you’re not buy offering in the exact same day so let’s say if you go into the assistance area this isn’t the over night costs details 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 over night or you’re doing over weekends which only applies as i said to cfds there are some surcharges obviously depending on what you are purchasing also this is on your own so keep that in mind but full costs are completely within their assistance information okay and we talked about along with complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of actually utilizing these copy operates they do not have any extra charges on top of the regular costs that
exist now what you require to bear in mind though is these possibly managed by other individuals entirely or sometimes have actually created portfolios you have actually got a genuine individual doing the management you have to ensure you select the person that’s right for you similar to any line of work this is your monetary properties so we absolutely 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 wish to utilize this function we’ve got a couple of various options for us to start with 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 details or anything you can essentially have this virtual portfolio mimic as if you are using your own money but really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine cash perhaps this is a terrific choice for you once again to test the theories alright you might want to purchase tesla or apple or this etf why not utilize the virtual option as a way to sort of safe play with it clearly you may have missed out on gains and losses during that time of course if you had actually invested your genuine money it enables you to construct confidence comprehend the platform so that’s one option for you then next week and i’m going to go back 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 remember before you select 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 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 run the risk of just means am i okay with possibly losing a good amount of this investment or gaining 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 figure 75 people will lose cash however that equally indicates they’ll lose at some point in their journey undoubtedly people do make money too and i have actually got videos everything about how you can ensure you are among individuals to in fact generate income however in this situation make sure you research study your danger level would you be okay providing your cash to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re buying totally if you’re somebody who isn’t wanting to be that dangerous do not select someone who’s totally into crypto or currency conversion think of it you ‘d probably want a backbone of strong products
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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 actually utilize this too really quickly over here you can copy people now it will give you a lot of options and you can utilize the system to in fact look for someone that you elegant really following so let’s see maybe we want someone from unified kingdom um who buys let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a great amount and i can find everybody who has satisfied that requirements and it does give you a threat aspect also 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
bear in mind it’s like anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to validate are you alright with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can really 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 bit so that’s good to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got a few of mine in fact that i purchase too which is good so in fact for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the sort of primary food companies and you’ve got you understand pharmaceutical and production companies as that. How To Add Currency Pair Etoro.
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