We get htis a lot on our site the answer to What Happens When You Close A Trade On Etoro….Concerns that i speak with new financiers what if you’re brand new to investing you just don’t wish to decide what you in fact want to invest and you desire someone to do it for you there’s only a number of manner ins which that can occur the to start with you can hire a financial investment portfolio manager they’ll usually charge a quite a high premium to do that maybe a couple of 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 too now if you’re brand new to a total please keep in mind this platform is quite innovative 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 just presume due to the fact that i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative also so you in fact get utilized to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re investing in real business if you choose to in this particular video we’re discussing how to copy other individuals’s investments with your money so certainly your capital is at threat and we have to bear that in mind do not just do something because that person has stated they have actually made profit 14 months in a row purchase these options because you think is the right ones for you and that being stated let’s dive directly in [Music] so the important 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 element that is most likely.
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popular for it’s the option to see what other traders are doing extraordinary we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can really say i wish to do precisely what that trader is doing or match that precise portfolio of choices and essentially each time they make a trade they buy they sell whatever they do your cash will be imitated with it so that indicates if for instance 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 charges involved really critical you understand what are the expenses of this now with any platform there will be some expense to certainly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero cost sites then might not charge you for actually buying and selling etfs or funds individual commodities individual stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know prior to you in fact start investing in copy trading or copy portfolios and lastly some finest recommendations finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s start with fees really essential to comprehend these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling all right so commission costs are complimentary however there are a couple of other costs the first one is withdrawal charges so you can undoubtedly 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 but when you wish to withdraw your cash so you sell your shares you sell 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 of course understanding that i’m going to make sure that i’m just withdrawing when i absolutely require to now you may say alright that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are simply one of those choices that they have a great deal of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you know depends totally how you’re investing but that is a cost to bear in mind the 2nd cost that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk and that’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 buying 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 two and two open market anybody this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion cost exists what are they actually giving 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 state provide me us dollars instead you have to pay their costs now the great feature of however when you’ve converted your cash you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that suggests the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s truly excellent using that part of their website will not certainly restrict you in any way however we have to know 2 other costs the very first being what’s called spread charges 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 basically the difference that becomes part of the financial investment platform between the buy price and the price alright 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 really indicates that when you want to purchase or offer as you can see it’s not the price you’re seeing up here let me show you that again so the existing rate of tesla is the value of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of benefit from you whenever you do a buyer’s share so keep that in mind obviously it’s more pricey to purchase than it is to sell so they’re going to give you less back with your sale and you say okay 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 offer it and that is how they make a bit of cash on those spread costs it’s generally extremely little it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a bit money now the last feat is called an
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overnight cost now this is actually crucial if you’re in fact using cfds yourself also an over night charge is when you’re refraining from doing that buy offer deal in the same day fine there’s then an over night charge charged or perhaps 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 product and utilizing time one leverage which suggests you’re in fact buying the exact asset rather than utilizing take advantage of anyway you won’t get hit with these charges but these fees are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the aid area this isn’t the over night costs 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 over night or you’re doing over weekends and that just uses as i said to cfds there are some additional charges naturally depending upon what you are buying as well this is on your own so keep that in mind but full fees are totally within their aid info all right and we discussed in addition to totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of in fact utilizing these copy works they do not have any extra fees on top of the normal charges that
are there now what you need to keep in mind though is these potentially handled by other people totally or in some cases have developed portfolios you’ve got a genuine person doing the management you need to ensure you pick the person that’s right for you just like any line of work this is your financial possessions so we absolutely need to ensure it’s the right person 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 choices 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 genuine cash or a virtual platform virtual ways 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 credit card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine cash possibly this is a great choice for you once again to test the theories okay you might want to purchase tesla or apple or this etf why not use the virtual choice as a method to type of safe have fun with it undoubtedly you might have lost out on gains and losses during that time obviously if you had actually invested your genuine money it enables you to develop confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i mean by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk simply indicates am i okay with potentially losing a good amount of this investment or acquiring as
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well now keep in mind everything is ups and downs you will generate income you’ll lose cash that’s why they make the fact 75 people will lose money however that similarly indicates they’ll lose at some time in their journey certainly individuals do generate income too and i’ve got videos everything about how you can ensure you’re one of the people to in fact generate income but in this circumstance make certain you research your risk level would you be all right providing your money to somebody else which is successfully what you’re doing and trusting them make certain you comprehend what they’re purchasing completely if you’re somebody who isn’t wanting to be that risky do not select someone who’s totally into crypto or currency conversion consider 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 say you can in fact use this too actually quickly over here you can copy individuals now it will give you a great deal of choices and you can use the system to in fact search for someone that you fancy really following so let’s see possibly we desire someone from unified kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds a great quantity and i can discover everybody who has fulfilled that requirements and it does provide you a danger factor also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite 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 four 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 confirm are you alright with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine really that i buy too which is great so in fact for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s likewise got a little bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production companies as that. What Happens When You Close A Trade On Etoro.
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