We get htis a lot on our site the answer to How To Make Money With Etoro….Concerns that i hear from brand-new investors what if you’re brand new to investing you simply don’t want to choose what you in fact want to invest and you want somebody to do it for you there’s only a couple of manner ins which that can occur the firstly you can employ an investment portfolio supervisor they’ll generally charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular funds are developed 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 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 methods of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform don’t just presume because i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that option as well so you really get used 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 of course your capital is at danger this is investing we’re doing you’re investing in real business if you choose to in this specific video we’re talking about how to copy other individuals’s financial investments with your cash so clearly your capital is at risk and we need to bear that in mind do not just do something since that individual has said they have actually made earnings 14 months in a row purchase these choices since you believe is the best ones for you which being said 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 belongs to social trading which is one aspect that is probably.
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popular for it’s the option to see what other traders are doing amazing we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can in fact state i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and generally every time they make a trade they buy they sell whatever they do your money will be mimicked with it so that indicates 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 charges included actually critical you comprehend 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 purchasing the selling for you there’s going to be charges included and even a few of the zero fee sites then might not charge you for actually buying and selling funds or etfs specific commodities individual 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 fees 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 know before you in fact begin purchasing copy trading or copy portfolios and lastly some finest suggestions best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s start with fees really crucial to comprehend these now on there’s a couple of charges there isn’t fees to do with in fact buying and selling all right so commission fees are complimentary nevertheless there are a couple of other costs the first one is withdrawal fees so you can obviously put money 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 later on but when you want to withdraw your cash so you sell your shares you sell your products whatever you’re offering the minimum quantity 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 sure that i’m just withdrawing when i absolutely require to now you might say alright that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply one of those choices that they have a lot of platforms certainly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every six months you know depends entirely how you’re investing however that is a charge to keep in mind the 2nd fee that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not an alternative to purchase 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 even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading 2 and 2 free trade anyone at all this is standard they have actually i expect stuck to whatever charge they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion cost is there 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 provide me us dollars rather you have to pay their costs now the fantastic aspect of though when you have actually converted your cash you do not need to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s really great using that part of their website will not definitely limit you in any way nevertheless we need to understand two other fees the very first being what’s called spread costs fine and i’m going to show you what i suggest on now a spread fee as i’m going to reveal you
on is essentially the difference that becomes part of the financial investment platform between the buy price and the list price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that actually suggests that when you wish to sell or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing rate of tesla is the worth of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of profit from you every time you do a buyer’s share so keep that in mind certainly it’s more costly to purchase than it is to offer so they’re going to offer you less back with your sale and you state fine well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to sell it and that is how they make a little bit of cash on those spread out charges it’s usually exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a little bit money now the last accomplishment is called an
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overnight cost now this is really essential if you’re actually using cfds yourself as well an overnight fee is when you’re refraining from doing that buy sell transaction in the exact same day fine there’s then an over night cost charged or even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which implies you’re really buying the precise possession instead of utilizing utilize anyway you will not get hit with these fees however these fees are if you’re utilizing leverage 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 state if you go into the help section this isn’t the overnight fees info you can see exactly the breakdown and it’ll inform 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 said to cfds there are some service charges naturally depending upon what you are investing in as well this is on your own so keep that in mind but complete fees are totally within their aid information okay and we talked about along with totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of really using these copy functions they do not have any additional fees on top of the typical fees that
exist now what you need to bear in mind though is these potentially managed by other individuals completely or in some cases have created portfolios you’ve got a genuine person doing the management you need to make sure you pick the person that’s right for you similar to any kind of work this is your financial properties so we definitely require to make certain it’s the best individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a number of different 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 choice to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your credit card details or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money perhaps this is a great option for you again to test the theories all right you may want to buy tesla or apple or this etf why not use the virtual alternative as a way to type of safe have fun with it certainly you may have missed out on gains and losses throughout that time obviously if you had invested your genuine cash it permits you to construct confidence understand the platform so that’s one alternative for you then next week and i’m going to return 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 remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i imply by that undoubtedly 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 run the risk of simply suggests am i all right with potentially losing an excellent amount of this financial investment or gaining as
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well now remember everything is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose cash but that equally indicates they’ll lose at some point in their journey clearly individuals do make money as well and i have actually got videos all about how you can make sure you’re one of the people to really generate income but in this scenario make certain you research study your risk level would you be alright offering your money to somebody else which is effectively what you’re doing and trusting them make certain you comprehend what they’re investing in completely if you’re someone who isn’t wishing to be that dangerous don’t choose someone who’s completely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong products
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like gold or perhaps oil plus more conventional 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 state you can really utilize this too really quickly over here you can copy individuals now it will offer you a great deal of options and you can utilize the system to actually look for someone that you fancy really following so let’s see perhaps we desire somebody from joined kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a great amount and i can find everyone who has fulfilled that criteria and it does give you a risk element too so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals that have quite high returns
remember it’s like anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they could 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 validate are you okay with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really purchasing so let’s go 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 type 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 really for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s also got a bit more um of the type of main food companies and you have actually got you understand pharmaceutical and production business as that. How To Make Money With Etoro.
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