We get htis a lot on our site the answer to Why Does Etoro Ask For Citizenship Status….Concerns that i speak with new investors what if you’re brand new to investing you simply don’t want to decide what you in fact wish to invest and you want someone to do it for you there’s just a number of ways that that can happen the to start with you can hire an investment portfolio supervisor they’ll generally charge a rather 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 purchase mutual funds specific funds are developed 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 as well now if you’re brand new to a total please remember this platform is rather innovative you can do cfds which naturally cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re discovering please do study the platform don’t just presume because i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that choice as well so you really get used to the structure of the website and after that 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 danger this is investing we’re doing you’re purchasing real companies if you select to in this particular video we’re discussing how to copy other individuals’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 stated they’ve made profit 14 months in a row purchase these options due to the fact that you believe is the right ones for you and that being said let’s dive straight 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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well-known for it’s the option to see what other traders are doing unbelievable we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can actually say i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and generally each time they make a trade they buy they offer whatever they do your cash will be imitated with it so that indicates if for instance 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 likewise cover is the costs included actually vital you comprehend 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 might not charge you for actually buying and selling etfs or funds private commodities individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges 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 understand prior to you really begin purchasing copy trading or copy portfolios and lastly some finest advice finest practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s begin with charges actually essential to understand these now on there’s a number of costs there isn’t charges to do with in fact buying and selling alright so commission fees are complimentary however there are a couple of other costs the very first one is withdrawal costs so you can obviously put money in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you wish to withdraw your cash so you offer your shares you offer your commodities whatever you’re selling 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 understanding that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might say fine that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are just one of those alternatives that they have a lot of platforms obviously are complimentary 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 totally how you’re investing but that is a cost to bear in mind the second charge that i have actually discussed is that conversion fee now with you’re dealing in us dollars just there’s not a choice 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 purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading two and 2 open market anybody this is basic they have i expect stuck to whatever charge they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion charge exists what are they actually offering 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 provide me us dollars rather you have to pay their fees now the terrific feature of however when you have actually converted your money you do not have to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s actually excellent utilizing that part of their site will not definitely restrict you in any way nevertheless we have to understand two other charges the very first being what’s called spread charges okay and i’m going to reveal you what i indicate on now a spread cost as i’m going to show you
on is generally the difference that belongs to the investment platform between the buy cost and the price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really suggests that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current rate of tesla is the worth of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll find 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 clearly 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 state okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to sell it which is how they make a little bit of cash on those spread out costs it’s usually exceptionally 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 little bit money now the last feat is called an
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over night fee now this is actually essential if you’re really utilizing cfds yourself also an over night cost is when you’re refraining from doing that buy sell deal in the very same day all right there’s then an overnight fee 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 commodity and using time one utilize which suggests you’re actually buying the exact asset instead of utilizing utilize anyhow you will not get hit with these fees however these fees are if you’re using leverage and cfds and then you’re going to have these charges if you’re not buy offering in the exact same day so let’s say if you go into the aid section this isn’t the overnight costs information you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which only uses as i said to cfds there are some added fees of course depending upon what you are investing in too this is on your own so keep that in mind but full fees are completely within their aid details fine and we spoke about in addition to free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of actually using these copy operates they don’t have any extra fees on top of the typical costs that
exist now what you need to keep in mind though is these potentially managed by other individuals entirely or often have developed portfolios you’ve got a real individual doing the management you have to ensure you pick the person that’s right for you similar to any line of work this is your monetary properties so we absolutely need to make certain it’s the best person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a number of various options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real 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 won’t require to put in your charge card details or anything you can generally have this virtual portfolio imitate as if you are using your own money but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money possibly this is a fantastic alternative for you once again to check the theories okay you might want to buy tesla or apple or this etf why not use the virtual option as a way to type of safe play with it clearly you might have lost out on gains and losses during that time obviously if you had invested your genuine money it permits you to develop confidence understand the platform so that’s one option for you then next week and i’m going to return 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 prior to you choose 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 indicate by that certainly 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 run the risk of just implies am i alright with possibly losing a great amount of this financial investment or gaining as
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well now keep in mind everything is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 people will lose money but that equally indicates they’ll lose at some point in their journey undoubtedly people do earn money as well and i have actually got videos all about how you can ensure you are among individuals to in fact generate income but in this situation ensure you research study your threat level would you be fine providing your cash to somebody else which is successfully what you’re doing and trusting them ensure you understand what they’re purchasing totally if you’re someone who isn’t wishing to be that dangerous don’t pick someone who’s entirely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong commodities
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like gold and even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact 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 provide you a great deal of options and you can use the system to actually look for somebody that you expensive really following so let’s see maybe we want someone from joined kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can find everybody who has actually met that requirements and it does give you a risk element as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they could 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 confirm are you okay 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 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 know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine actually that i purchase too which is good so really for me understanding what i like to invest in my individual 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 also got a little bit more um of the type of main food companies and you’ve got you know pharmaceutical and production business as that. Why Does Etoro Ask For Citizenship Status.
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