We get htis a lot on our site the answer to Is It Safe To Give Etoro Passport Info….Concerns that i hear from new financiers what if you’re brand new to investing you merely don’t wish to decide what you in fact want to invest and you want somebody to do it for you there’s just a couple of ways that that can happen the first off you can hire an investment portfolio manager they’ll normally charge a quite a high premium to do that maybe one or two percent of your profits will go to them the other thing is of course 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 too now if you’re brand new to an overall please remember this platform is quite innovative you can do cfds which of course cfds are methods 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 don’t simply presume due to the fact that 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 give that option as well so you in fact get used to the structure of the website 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 risk this is investing we’re doing you’re buying genuine business if you pick to in this particular video we’re speaking about how to copy other people’s investments with your money so undoubtedly your capital is at risk and we need to bear that in mind do not simply do something because that person has said they have actually made revenue 14 months in a row purchase these choices because you think is the right 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 understanding what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is most likely.
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popular for it’s the choice to see what other traders are doing incredible we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our cash we can actually say i wish to do exactly what that trader is doing or match that precise portfolio of choices and basically whenever they make a trade they purchase they sell whatever they do your cash will be simulated with it so that means if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees included really important you understand what are the costs of this now with any platform there will be some cost to certainly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the absolutely no cost sites then may not charge you for really buying and selling funds or etfs specific products private stocks.
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there’ll be charges on other parts perhaps 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 understand prior to you in fact begin purchasing copy trading or copy portfolios and lastly some finest advice best practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s start with fees actually crucial to comprehend these now on there’s a number of costs there isn’t charges to do with actually buying and selling alright so commission fees are free nevertheless there are a couple of other fees the first one is withdrawal costs so you can clearly put cash 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 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 obviously knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might say fine 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 costs are simply among those options that they have a lot of platforms clearly are free 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 when every six months you know depends entirely how you’re investing however that is a fee to keep in mind the second fee that i have actually touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an option to buy in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading 2 and two open market anybody this is basic they have i expect stuck to whatever charge they charge for that conversion rate you kind of need to accept you know if you wish to use their platform go from uk to us then that conversion charge is there what are they really providing you in regards to 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 say offer me us dollars rather you need to pay their charges now the fantastic thing about however when you’ve transformed your money you do not have to invest it right away 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 buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s truly great utilizing that part of their website will not certainly limit you in any way nevertheless we have to know 2 other charges the first being what’s called spread charges okay and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is essentially the difference that is part of the financial investment platform between the buy cost and the list price alright 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 value 599 per share in tesla that in fact suggests that when you want to buy or offer as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing cost 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 all over this is another way that they make a small amount of benefit from you every time you do a buyer’s share so keep that in mind certainly it’s more expensive to buy than it is to offer so they’re going to provide you less back with your sale and you say all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to offer it which is how they make a little bit of cash on those spread costs it’s generally exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit cash now the last accomplishment is called an
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overnight cost now this is really crucial if you’re in fact using cfds yourself too an over night cost is when you’re refraining from doing that buy offer deal in the same day all right there’s then an over night fee charged and even if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which means you’re in fact purchasing the precise property instead of using leverage anyway you won’t get hit with these charges however these fees are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s state if you enter into the assistance section this isn’t the over night charges details you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that just uses as i stated to cfds there are some additional charges obviously depending upon what you are buying also this is on your own so keep that in mind however full fees are totally within their aid details all right 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 regular commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two different ways of in fact using these copy operates they do not have any additional costs on top of the typical charges that
are there now what you require to keep in mind though is these potentially handled by other people entirely or sometimes have actually developed portfolios you’ve got a real person doing the management you need to ensure you pick the individual that’s right for you much like any type of work this is your monetary assets so we definitely require to ensure it’s the best person for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of various 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 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 charge card information or anything you can generally have this virtual portfolio simulate as if you are using 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 utilizing your genuine money possibly this is an excellent alternative for you again to evaluate the theories all right you might want to buy tesla or apple or this etf why not use the virtual choice as a way to type of safe have fun with it obviously you might have missed out on gains and losses during that time naturally if you had invested your real cash it allows you to build self-confidence understand the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to bear in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i mean 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 indicates am i all right with possibly losing a great amount of this financial investment or acquiring as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 people will lose money however that equally suggests they’ll lose at some time in their journey clearly individuals do generate income also and i’ve got videos all about how you can make sure you’re one of individuals to in fact generate income however in this scenario make certain you research your threat level would you be okay giving your cash to somebody else which is effectively what you’re doing and trusting them make certain you comprehend what they’re buying totally if you’re somebody who isn’t wanting to be that dangerous do not choose someone who’s totally into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products
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like gold or even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really use this too actually easily over here you can copy individuals now it will provide you a great deal of choices and you can use the system to really look for somebody that you fancy in fact following so let’s see perhaps we want somebody from unified kingdom um who invests in let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has fulfilled that criteria and it does give you a risk element too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to guarantee 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 confirm are you alright with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she in fact 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 sort of into those blue box and the tech industry she’s got some of mine really that i buy too which is great 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 appears to be what she chooses she’s likewise got a bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production companies as that. Is It Safe To Give Etoro Passport Info.
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