We get htis a lot on our site the answer to When Did Etoro Start….Questions that i hear from brand-new investors what if you’re brand new to investing you simply do not want to decide what you really wish to invest and you want somebody to do it for you there’s only a couple of manner ins which that can occur the to start with you can hire an investment portfolio supervisor they’ll usually charge a quite a high premium to do that possibly a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds specific funds are produced 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 naturally cfds are ways 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 simply assume since i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they consider that choice also so you actually get used to the structure of the website and after that when you’re ready to use your own cash 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 purchasing genuine business if you choose to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so obviously your capital is at threat and we need to bear that in mind do not simply do something since that person has actually stated they have actually made earnings 14 months in a row buy these choices due to the fact that you believe is the ideal ones for you and that being said let’s dive straight 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’s part of social trading which is one element that is probably.
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well-known for it’s the alternative to see what other traders are doing unbelievable we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can actually say i wish to do exactly what that trader is doing or match that exact portfolio of choices and basically whenever they make a trade they purchase they sell whatever they do your money will be simulated with it so that means 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 fees included actually critical you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the absolutely no fee websites then may not charge you for actually buying and selling funds or etfs specific commodities individual stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees 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 actually start buying copy trading or copy portfolios and finally some best suggestions finest 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 really essential to comprehend these now on there’s a couple of fees there isn’t fees to do with actually buying and selling okay so commission charges are totally free however there are a number of other charges the very first one is withdrawal fees 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 however when you wish to withdraw your cash so you sell your shares you offer 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 definitely require to now you might state okay that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are just one of those alternatives that they have a lot of platforms undoubtedly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every six months you understand depends completely how you’re investing but that is a charge to remember the 2nd charge that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk and that’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying 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 two open market anybody this is basic they have actually i expect stuck to whatever cost they charge for that conversion rate you type of have to accept you understand if you wish to use their platform go from uk to us then that conversion fee is there what are they in fact 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 say give me us dollars rather you need to pay their fees now the fantastic aspect of however when you have actually transformed your money you do not have to invest it immediately that dollar worth can sit in your portfolio as cash dollars for as long as you like so that implies the initial day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s really excellent utilizing that part of their site will not definitely restrict you in any way nevertheless we need to be aware of 2 other charges the first being what’s called spread fees okay and i’m going to show you what i indicate on now a spread cost as i’m going to reveal you
on is basically the difference that belongs to the investment platform between the buy rate and the list price fine it’s their premium on doing both those two 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 actually means that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the existing rate of tesla is the worth of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of profit from you each time you do a buyer’s share so keep that in mind certainly it’s more expensive to purchase than it is to offer so they’re going to give you less back with your sale and you say alright well why does that happen it just 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 bit of cash on those spread out fees it’s typically exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit cash now the last accomplishment is called an
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overnight cost now this is really essential if you’re really using cfds yourself too an overnight cost is when you’re refraining from doing that buy sell transaction in the very same day all right there’s then an overnight fee charged and even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which suggests you’re in fact purchasing the exact asset instead of using utilize anyhow you will not get hit with these charges but these costs are if you’re utilizing take advantage of 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 area this isn’t the over night charges info you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which just uses as i said to cfds there are some additional charges obviously depending on what you are investing in too this is on your own so keep that in mind however full charges are entirely within their assistance details okay and we discussed as well as totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares whatever 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 various ways of actually utilizing these copy functions they don’t have any extra costs on top of the regular fees that
exist now what you need to bear in mind though is these possibly managed by other people completely or often have created portfolios you’ve got a real person doing the management you have to make certain you choose the person that’s right for you much like any profession this is your financial properties so we absolutely require to make sure 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 couple of different alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your charge card information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own money however 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 perhaps this is a terrific choice for you once again to check the theories alright you may want to buy tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe have fun with it clearly you might have missed out on gains and losses during that time obviously if you had actually invested your real money it allows you to build 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 in fact how to copy individuals and copy portfolios now here’s something to remember prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i imply by that certainly for me i’m investing long term and they tend to say 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 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 cash however that equally indicates they’ll lose at some time in their journey clearly people do earn money too and i’ve got videos all about how you can make certain you are among the people to in fact generate income however in this situation ensure you research study your danger level would you be okay giving your cash to someone else which is effectively what you’re doing and trusting them make certain you comprehend what they’re purchasing completely if you’re somebody who isn’t wishing to be that dangerous don’t choose someone who’s completely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong commodities
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like gold and even oil plus more standard etfs and index funds you may 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 actually use this too actually easily over here you can copy individuals now it will provide you a lot of choices and you can use the system to really look for someone that you fancy actually following so let’s see maybe we want somebody from united kingdom um who buys let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has fulfilled that criteria and it does offer you a danger element too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people that have quite high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not suggest 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 basic as clicking the copy button and off you go and then you understand ask you to verify are you okay with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she in fact 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 excellent to know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is good so really for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the type of main food business and you have actually got you know pharmaceutical and production business as that. When Did Etoro Start.
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