We get htis a lot on our site the answer to How To Use Python To Fetch Etoro Data….Concerns that i hear from new financiers what if you’re brand new to investing you simply do not wish to choose what you actually want to invest and you desire someone to do it for you there’s only a couple of ways that that can take place the first off you can hire an investment portfolio manager they’ll normally charge a quite a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 too now if you’re brand new to an overall please remember this platform is rather sophisticated you can do cfds which of course cfds are methods of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform do not simply assume because i use it that you can utilize 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 really 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 obviously your capital is at risk this is investing we’re doing you’re buying genuine business if you pick to in this specific video we’re talking about how to copy other individuals’s investments with your cash so obviously your capital is at threat and we need to bear that in mind do not just do something because that individual has said they have actually made revenue 14 months in a row invest in these options due to the fact that you believe is the best ones for you which 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 do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can really state i want to do exactly what that trader is doing or match that exact portfolio of options and generally each time they make a trade they buy they offer whatever they do your money will be imitated 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 likewise cover is the charges included actually important you understand what are the expenses of this now with any platform there will be some cost to clearly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no fee websites then may not charge you for really buying and selling etfs or funds individual commodities specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 know prior to you in fact begin purchasing copy trading or copy portfolios and finally some finest suggestions finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s start with charges actually essential to understand these now on there’s a number of charges there isn’t fees to do with in fact buying and selling all right so commission costs are totally free however there are a number of other fees the first one is withdrawal costs so you can clearly 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 later on but when you want to withdraw your cash so you offer your shares you offer your commodities 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 naturally understanding that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might state fine that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are simply one of those options that they have a great deal of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every six months you know depends entirely how you’re investing however that is a cost to keep in mind the second charge that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not a choice to buy in euros or uk which’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 purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading two and 2 free trade anybody this is basic they have actually i suppose stuck to whatever fee they charge for that conversion rate you kind of need to accept you understand if you want to utilize their platform go from uk to us then that conversion fee is there what are they really giving 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 give me us dollars instead you have to pay their costs now the fantastic feature of though when you’ve converted your money you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests 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 additional fees so that’s actually excellent utilizing that part of their site will not definitely limit you in any way nevertheless we have to be aware of 2 other costs the very first being what’s called spread fees okay and i’m going to show you what i mean on now a spread fee as i’m going to show you
on is basically the distinction that becomes part of the financial investment platform between the buy cost and the price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact indicates that when you wish to sell or buy as you can see it’s not the cost you’re seeing up here let me reveal 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 find this all over this is another way that they make a percentage of benefit from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to offer so they’re going to offer 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 lot of platforms out there there’s a distinction in 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 generally exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit cash now the last task is called an
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over night cost now this is actually essential if you’re really utilizing cfds yourself too an over night fee is when you’re refraining from doing that buy offer transaction in the very same day alright there’s then an overnight cost charged or even if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which suggests you’re in fact buying the exact asset rather than utilizing leverage anyhow you won’t get hit with these costs but these fees are if you’re utilizing leverage and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you enter into the help section this isn’t the overnight costs information you can see precisely the breakdown and it’ll tell you what are the charges what are the fees 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 surcharges of course depending upon what you are investing in as well this is on your own so keep that in mind but complete charges are entirely within their assistance information all right and we discussed as well as free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of in fact using these copy works they don’t have any extra charges on top of the regular fees that
exist now what you need to bear in mind though is these possibly managed by other individuals totally or in some cases have actually developed portfolios you have actually got a genuine individual doing the management you have to make sure you choose the person that’s right for you just like any line of work this is your monetary properties so we definitely require to make sure it’s the best person for us before 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 options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual means i think 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 credit card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine money perhaps this is a fantastic choice for you once again to test the theories alright you might wish to purchase tesla or apple or this etf why not use the virtual option as a method to kind of safe play with it certainly you might have missed out on gains and losses during that time of course if you had invested your real cash it enables you to build self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return 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 prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i mean by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of simply indicates am i all right with potentially losing an excellent amount of this financial investment or getting as
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well now remember everything is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 individuals will lose money but that similarly indicates they’ll lose eventually in their journey undoubtedly individuals do generate income also and i’ve got videos everything about how you can make sure you’re one of individuals to really make money but in this situation make sure you research your risk level would you be all right giving your money to another person which is efficiently 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 someone who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products
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like gold or perhaps oil plus more traditional 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 actually use this too actually easily over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to in fact look for somebody that you expensive really following so let’s see maybe we want somebody from united kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can discover everyone who has fulfilled that criteria and it does give you a threat factor as well 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 people that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to validate are you alright with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she in fact buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a 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 some of mine in fact that i purchase too which is excellent so really for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s likewise got a little bit more um of the type of primary food companies and you have actually got you know pharmaceutical and production companies as that. How To Use Python To Fetch Etoro Data.
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