We get htis a lot on our site the answer to How To Earn Money With Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you just don’t wish to choose what you in fact want to invest and you desire someone to do it for you there’s just a number of ways that that can occur the to start with you can employ an investment portfolio supervisor they’ll usually charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds specific funds are produced 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 as well now if you’re brand new to a total please bear in mind this platform is rather innovative you can do cfds which obviously cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re learning about please do study the platform do not just presume due to the fact that 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 choice as well so you really get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re investing in genuine companies if you pick to in this specific video we’re discussing how to copy other individuals’s investments with your money so clearly your capital is at danger and we have to bear that in mind do not just do something since that person has stated they have actually made earnings 14 months in a row invest in these choices due to the fact that you believe is the ideal ones for you and that being said let’s dive directly 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 most likely.
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famous for it’s the alternative to see what other traders are doing incredible we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can actually state i wish to do precisely what that trader is doing or match that precise portfolio of options and generally whenever they make a trade they purchase they sell whatever they do your money will be simulated with it so that means if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the charges included really crucial you understand what are the costs of this now with any platform there will be some expense to clearly 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 charge websites then may not charge you for in fact buying and selling funds or etfs private products 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 sort of costs associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to understand prior to you really start investing in copy trading or copy portfolios and finally some finest advice finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s begin with costs actually crucial to understand these now on there’s a couple of costs there isn’t charges to do with actually buying and selling fine so commission charges are free nevertheless there are a couple of other costs the first one is withdrawal fees so you can certainly put money in now if you remain 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 in the future but when you wish to withdraw your cash so you sell 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 only withdrawing when i definitely need to now you may say fine that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are just among those options that they have a lot of platforms clearly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every 6 months you understand depends completely how you’re investing but that is a fee to bear in mind the second cost that i have actually touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk and that’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading 2 and 2 open market anyone at all this is basic they have i expect stuck with whatever cost they charge for that conversion rate you sort of need to accept you know if you wish to utilize 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 haggle with them you can’t go to the bank and say give me us dollars rather you need to pay their costs now the fantastic thing about though when you have actually transformed your money you do not need to invest it right now that dollar value can being in your portfolio as cash 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 takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s actually good utilizing that part of their website won’t certainly restrict you in any way however we have to be aware of 2 other charges the first being what’s called spread costs all right and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you
on is basically the difference that is part of the financial investment platform in between the buy cost and the list price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that in fact suggests that when you wish to offer or purchase as you can see it’s not the price you’re seeing up here let me reveal you that again so the current price of tesla is the value of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind clearly it’s more pricey 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 simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you want to sell it and that is how they make a bit of money on those spread out fees it’s typically exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a little bit money now the last feat is called an
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overnight fee now this is really crucial if you’re really using cfds yourself also an over night cost is when you’re refraining from doing that buy sell transaction in the same day alright there’s then an overnight cost charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this just 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 in fact purchasing the exact possession instead of utilizing take advantage of anyhow you will not get hit with these fees however these costs are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you enter into the aid area this isn’t the over night fees 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 applies as i stated to cfds there are some service charges of course depending on what you are purchasing as well this is on your own so keep that in mind however full charges are totally within their assistance info fine and we discussed 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 typical product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of really using these copy operates they don’t have any additional costs on top of the normal costs that
are there now what you require to remember though is these potentially managed by other people completely or sometimes have actually produced portfolios you have actually got a genuine person doing the management you have to make certain you pick the person that’s right for you much like any kind of work this is your monetary possessions so we definitely require to ensure it’s the right 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 options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your charge card information or anything you can basically have this virtual portfolio mimic as if you are using your own cash however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash perhaps this is a terrific choice for you again to test the theories fine you may want to purchase tesla or apple or this etf why not use the virtual choice as a method to type of safe play with it certainly you may have missed out on gains and losses throughout that time naturally if you had invested your genuine money it allows you to construct confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to remember 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 imply by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk just suggests am i fine with possibly losing a great quantity of this investment or acquiring as
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well now keep in mind whatever is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 individuals will lose money however that equally implies they’ll lose at some time in their journey clearly individuals do earn money as well and i’ve got videos all about how you can make certain you’re one of individuals to really earn money however in this situation ensure you research study your danger level would you be alright providing your cash to another person which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in completely if you’re somebody who isn’t wanting to be that risky don’t choose somebody who’s totally into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products
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like gold or perhaps oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact utilize this too truly easily over here you can copy people now it will give you a great deal of choices and you can use the system to actually search for someone that you elegant in fact following so let’s see maybe we desire somebody from unified kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has fulfilled that criteria and it does offer you a threat aspect too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety 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 indicate someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no other 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 know ask you to confirm are you okay with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she really buying so let’s go 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 absolutely like sort of into those blue box and the tech industry she’s got a few of mine really that i invest in too which is great so in fact for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the type of main food companies and you have actually got you know pharmaceutical and production business as that. How To Earn Money With Etoro.
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