We get this a lot on our site and the answer to Can You Make Money With Etoro….Concerns that i speak with brand-new investors what if you’re brand new to investing you just don’t wish to decide what you actually wish to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can happen the first of all you can hire an investment portfolio supervisor they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is of course you can buy mutual funds particular funds are created 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 as well now if you’re brand new to an overall please bear in mind this platform is quite advanced you can do cfds which naturally cfds are methods 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 presume since i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they consider that alternative too so you in fact get used to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in real companies if you pick to in this specific video we’re speaking about how to copy other individuals’s investments with your cash so obviously your capital is at danger and we have to bear that in mind do not simply do something since that individual has said they’ve made profit 14 months in a row invest in these choices since you think is the ideal ones for you which being stated let’s dive straight 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 becomes part of social trading which is one element that is most likely.
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well-known for it’s the choice to see what other traders are doing unbelievable we do not normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our money we can in fact say i want to do exactly what that trader is doing or match that specific portfolio of choices and generally each time they make a trade they buy they sell whatever they do your money will be imitated with it so that means 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 fees involved truly vital you understand what are the expenses of this now with any platform there will be some cost to certainly these are genuine companies 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 sites then may not charge you for really buying and selling etfs or funds individual commodities specific stocks.
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there’ll be costs on other parts perhaps 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 charges with in particular in this video the next would be things to understand prior to you in fact start purchasing copy trading or copy portfolios and finally some finest recommendations best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s start with costs actually essential to understand these now on there’s a couple of charges there isn’t fees to do with in fact buying and selling alright so commission charges are totally free nevertheless there are a number of other fees the very first one is withdrawal charges so you can clearly put cash in now if you remain in the uk we put our uk cash.
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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 cash 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 naturally understanding that i’m going to make certain that i’m just withdrawing when i definitely require to now you may state all right that’s rather costly 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 alternatives that they have a great deal of platforms clearly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every 6 months you understand depends entirely how you’re investing however that is a charge to keep in mind the second fee that i’ve 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 lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading 2 and two open market anybody this is standard they have i expect stuck with whatever fee they charge for that conversion rate you sort of need to accept you understand if you want to utilize 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 offer me us dollars instead you need to pay their costs now the excellent thing about however when you have actually transformed your cash you do not need to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the initial day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s actually good using that part of their site will not certainly restrict you in any way nevertheless we need to know 2 other costs the first being what’s called spread fees okay and i’m going to show you what i mean on now a spread charge as i’m going to reveal you
on is basically the difference that belongs to the investment platform in between the buy rate and the list price okay 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 really indicates that when you want to purchase or sell as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the existing rate of tesla is the value of a share what’s called spread charges is the distinction then actually to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of profit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to sell so they’re going to provide you less back with your sale and you state all right 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 want to offer it which is how they make a bit of money on those spread costs it’s generally exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit money now the last task is called an
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overnight charge now this is actually crucial if you’re actually using cfds yourself as well an overnight charge is when you’re refraining from doing that buy sell transaction in the exact same day alright there’s then an overnight fee charged or even if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which means you’re actually purchasing the exact possession rather than using leverage anyhow you won’t get hit with these costs but these charges are if you’re utilizing 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 help area this isn’t the overnight fees info you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that just applies as i stated to cfds there are some added fees of course depending upon what you are purchasing as well this is on your own so keep that in mind however full costs are entirely within their aid details fine and we discussed along with free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of in fact utilizing these copy works they don’t have any additional fees on top of the typical fees that
exist now what you require to bear in mind though is these possibly handled by other people entirely or sometimes have produced portfolios you have actually got a real person doing the management you need to make certain you choose the person that’s right for you just like any type of work this is your monetary assets so we definitely need to ensure it’s the right person for us prior to 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 different options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i think 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 charge card information or anything you can basically have this virtual portfolio simulate 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 comfortable with using your genuine cash maybe this is a fantastic choice for you again to evaluate the theories fine you might wish to purchase tesla or apple or this etf why not utilize the virtual option as a way to sort of safe play with it certainly you might have missed out on gains and losses throughout that time obviously if you had invested your real cash it permits 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 real 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 select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i imply by that clearly 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 means am i all right with potentially losing a good amount of this investment or acquiring as
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well now keep in mind whatever is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 people will lose money but that equally implies they’ll lose eventually in their journey certainly individuals do earn money as well and i’ve got videos all about how you can make certain you’re one of the people to really make money however in this situation make certain you research study your risk level would you be alright giving your cash to someone else which is efficiently what you’re doing and trusting them ensure you understand what they’re investing in totally if you’re someone who isn’t wanting to be that dangerous don’t select someone who’s completely into crypto or currency conversion think about it you ‘d most likely want a foundation of strong commodities
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like gold or perhaps oil plus more conventional 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 say you can really utilize this too really easily over here you can copy individuals now it will provide you a lot of options and you can use the system to in fact search for somebody that you expensive actually following so let’s see maybe we want someone from unified kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a great amount and i can find everyone who has actually satisfied that requirements and it does provide you a threat element also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have rather high returns
remember it’s like anything to do with the news or forecasts of the future this does not suggest someone 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 after that you know ask you to confirm are you all right with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she really purchasing so let’s go 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 definitely like kind of into those blue box and the tech industry she’s got some of mine really that i invest in too which is good so in fact for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s also got a little bit more um of the type of primary food business and you have actually got you know pharmaceutical and production business as that. Can You Make Money With Etoro.
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