We get this a lot on our site and the answer to Carg On Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you simply don’t wish to decide what you really want to invest and you want somebody to do it for you there’s just a couple of ways that that can occur the firstly you can work with an investment portfolio supervisor they’ll typically charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is naturally 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 also now if you’re brand new to a total please remember this platform is quite advanced you can do cfds which of course 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 use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that alternative as well so you actually get used to the structure of the website and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re investing in genuine business if you select to in this specific video we’re speaking about how to copy other people’s investments with your cash so obviously your capital is at danger and we have to bear that in mind do not just do something since that individual has actually said they have actually made revenue 14 months in a row purchase these options due to the fact that you think is the ideal ones for you and that being said let’s dive straight in [Music] so the 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 alternative to see what other traders are doing unbelievable we do not generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can in fact state i want to do precisely what that trader is doing or match that precise portfolio of options and essentially each time they make a trade they buy they offer whatever they do your money will be mimicked with it so that suggests if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the charges included actually critical you comprehend what are the costs of this now with any platform there will be some cost to clearly 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 zero cost sites then might not charge you for really buying and selling etfs or funds private products specific stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs 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 in fact start purchasing copy trading or copy portfolios and lastly some finest advice finest practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s kick off with costs really important to understand these now on there’s a number of fees there isn’t costs to do with really buying and selling all right so commission fees are totally free however there are a number of other costs the very first one is withdrawal fees so you can clearly put cash in now if you’re in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your money so you sell your shares you sell your products 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 naturally understanding that i’m going to make sure that i’m just withdrawing when i absolutely need to now you might say okay that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are just one of those choices 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 mainly it can be perhaps even once a year once every 6 months you understand depends completely how you’re investing however that is a fee to bear in mind the second charge that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not an option 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 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 fee now when you utilize anyone so if you’re utilizing trading 2 and two open market anybody this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you kind of have to accept you know if you wish to utilize their platform go from uk to us then that conversion cost exists what are they really providing you in regards to 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 provide me us dollars rather you have to pay their fees now the excellent aspect of though when you have actually transformed your cash you do not need to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means the initial day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s really good using that part of their site will not certainly restrict you in any way however we have to know 2 other costs the very first being what’s called spread fees all right and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is basically the distinction that belongs to the financial investment platform between the buy price 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 today tesla’s dollar worth 599 per share in tesla that really implies that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing rate of tesla is the worth of a share what’s called spread costs is the distinction then in fact to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of benefit from you every time you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to offer you less back with your sale and you say all right 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 want to sell it and that is how they make a bit of cash on those spread out charges it’s typically extremely little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit money now the last accomplishment is called an
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over night cost now this is actually important if you’re actually using cfds yourself also an overnight cost is when you’re refraining from doing that buy sell transaction in the same day fine there’s then an overnight fee charged and even if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which indicates you’re actually buying the precise property rather than utilizing leverage anyway you will not get hit with these charges but these fees are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you go into the assistance area this isn’t the overnight costs info 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 said to cfds there are some added fees obviously depending on what you are investing in as well this is on your own so keep that in mind however complete charges are totally within their assistance info okay and we talked about along with complimentary to deposit in however there’s a five 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 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 operates they don’t have any extra fees on top of the regular charges that
exist now what you need to bear in mind though is these possibly handled by other individuals totally or sometimes have developed portfolios you’ve got a real person doing the management you have to make sure you select the person that’s right for you similar to any type of work this is your monetary possessions so we definitely 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 number of various alternatives 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 ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your charge card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money possibly this is a fantastic 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 alternative as a method to sort of safe have fun with it clearly you might have missed out on gains and losses during that time of course if you had actually invested your real cash it allows you to develop 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 really how to copy individuals and copy portfolios now here’s something to keep in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand 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 investments the riskier you can be risk simply indicates am i okay with possibly losing an excellent quantity 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 cash however that similarly indicates they’ll lose eventually in their journey clearly people do generate income as well and i’ve got videos everything about how you can make certain you’re one of the people to really earn money but in this situation make sure 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 sure you comprehend what they’re purchasing totally if you’re someone who isn’t wanting to be that risky do not select someone who’s totally into crypto or currency conversion think of it you ‘d probably want a foundation of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact 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 really search for somebody that you fancy really following so let’s see perhaps we desire someone from unified kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has fulfilled that criteria and it does give you a danger factor as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather 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 could make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to validate are you okay with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she in fact investing in 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 type of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is great so in fact for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she prefers she’s likewise got a little bit more um of the kind of main food business and you’ve got you understand pharmaceutical and production companies as that. Carg On Etoro.
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