We get htis a lot on our site the answer to Trading Social Etoro Forum….Concerns that i hear from brand-new investors what if you’re brand new to investing you just don’t want to decide what you in fact wish to invest and you desire someone to do it for you there’s just a number of ways that that can happen the firstly you can hire a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific 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 also now if you’re brand new to a total please keep in mind this platform is quite sophisticated you can do cfds which of course cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform don’t just assume since i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they give that choice too so you actually get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re investing in genuine companies if you select to in this specific video we’re speaking about how to copy other people’s investments with your cash so certainly your capital is at danger and we have to bear that in mind do not simply do something because that person has actually said they have actually made earnings 14 months in a row buy these choices because you believe is the best ones for you which being said let’s dive directly in [Music] so the important 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 probably.
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well-known for it’s the option to see what other traders are doing extraordinary we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates 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 buy they offer whatever they do your cash will be imitated with it so that suggests 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 likewise cover is the costs involved really critical you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are real business 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 absolutely no cost sites then might not charge you for really buying and selling etfs or funds individual commodities specific 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 kinds of charges 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 prior to you actually start investing in copy trading or copy portfolios and lastly some best advice best practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s start with charges truly essential to understand these now on there’s a couple of charges there isn’t costs to do with in fact buying and selling fine so commission fees are free nevertheless there are a couple of other fees the first one is withdrawal fees so you can certainly put cash in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your money 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 of course knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you may state okay that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are just among those choices that they have a lot of platforms undoubtedly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every 6 months you know depends entirely how you’re investing but that is a charge to keep in mind the second charge that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading 2 and two free trade anyone at all this is basic they have actually i expect stuck with whatever fee 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 charge is there what are they actually providing 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 need to pay their fees now the excellent feature of though when you’ve converted your cash 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 takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s really great using that part of their website won’t definitely restrict you in any way nevertheless we need to understand two other costs the very first being what’s called spread costs all right and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you
on is basically the difference that becomes part of the investment platform in between the buy price and the price all right 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 actually indicates that when you want to purchase or sell as you can see it’s not the rate you’re seeing up here let me show you that once again so the present price of tesla is the value of a share what’s called spread fees is the difference then in fact to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of profit from you every time you do a purchaser’s share so keep that in mind obviously it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you state okay well why does that occur it simply does that is the nature of a great deal 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 bit of cash on those spread out fees it’s usually incredibly little 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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over night charge now this is truly essential if you’re really utilizing cfds yourself also an over night fee is when you’re not doing that buy offer transaction in the exact same day alright there’s then an overnight cost charged or even if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which suggests you’re really purchasing the exact asset rather than using take advantage of anyhow you won’t get hit with these fees however these charges are if you’re utilizing take advantage of 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 go into the help section this isn’t the over night fees details you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only applies as i stated to cfds there are some added fees obviously depending on what you are purchasing also this is on your own so keep that in mind however complete fees are totally within their help information okay and we spoke about as well as totally free 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 everything 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 utilizing these copy operates they do not have any additional charges on top of the regular fees that
exist now what you require to remember though is these possibly managed by other individuals entirely or in some cases have developed portfolios you have actually got a genuine person doing the management you need to make sure you pick the person that’s right for you much like any profession this is your financial assets 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 want to utilize this function we have actually got a number 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 methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash 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 utilizing your own cash but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine money maybe this is a great choice for you once again to check the theories alright you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe have fun with it obviously you might have lost out on gains and losses throughout that time naturally if you had actually invested your real cash it allows you to construct confidence comprehend 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 actually how to copy individuals and copy portfolios now here’s something to remember before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i suggest by that undoubtedly 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 simply suggests am i fine with potentially losing an excellent amount of this financial investment or gaining as
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well now keep in mind everything is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose money but that equally implies they’ll lose eventually in their journey undoubtedly people do earn money also and i’ve got videos all about how you can make certain you’re one of individuals to really make money however in this scenario make sure you research study your danger level would you be all right giving your money to someone else which is successfully what you’re doing and trusting them make certain you understand what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous don’t choose someone who’s entirely into crypto or currency conversion consider it you ‘d probably desire a foundation of strong products
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like gold and even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact use this too truly easily over here you can copy individuals now it will give you a lot of options and you can use the system to really search for someone that you fancy in fact following so let’s see perhaps we desire somebody from united kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has actually met that requirements and it does give you a threat aspect too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns
remember it resembles anything to do with the news or forecasts 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 after that you know ask you to confirm are you okay with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she actually investing in 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 good to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine actually that i buy too which is good so actually for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s likewise got a little bit more um of the type of main food companies and you’ve got you understand pharmaceutical and production companies as that. Trading Social Etoro Forum.
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