We get this a lot on our site and the answer to Digital Yuan Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely don’t want to decide what you in fact wish to invest and you desire somebody to do it for you there’s just a number of manner ins which that can occur the to start with you can hire an investment portfolio manager they’ll usually charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular funds are developed 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 too now if you’re brand new to a total please bear in mind this platform is rather sophisticated 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 learning more about please do study the platform don’t simply presume since i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they give that choice as well so you in fact get used to the structure of the site and after that when you’re ready to use your own money 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 investing in real business if you select to in this specific video we’re talking about how to copy other people’s investments with your money so undoubtedly your capital is at risk and we need to bear that in mind do not simply do something because that person has actually stated they’ve made earnings 14 months in a row buy these options because you believe is the right ones for you and that being said let’s dive directly 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 belongs to social trading which is one element that is probably.
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famous for it’s the alternative to see what other traders are doing incredible we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can in fact say i wish to do exactly what that trader is doing or match that precise portfolio of options and essentially every time they make a trade they buy they offer whatever they do your money will be mimicked with it so that means if for example 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 costs included really crucial you comprehend what are the expenses of this now with any platform there will be some expense to obviously 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 a few of the no fee websites then may not charge you for really buying and selling funds or etfs specific products specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you really start buying copy trading or copy portfolios and lastly some finest guidance finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with charges truly crucial to understand these now on there’s a couple of costs there isn’t costs to do with actually buying and selling okay so commission charges are complimentary nevertheless there are a couple of other costs the first one is withdrawal costs so you can clearly put cash in now if you’re 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 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 only withdrawing when i definitely require to now you might state okay that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are just among those options that they have a great deal of platforms clearly 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 as soon as every six months you understand depends completely how you’re investing however that is a charge to remember the second cost that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk which’s fine that suits 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 fee now when you utilize anybody so if you’re using trading 2 and 2 free trade anybody this is basic they have i expect stuck with whatever cost 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 fee is there what are they really 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 offer me us dollars rather you have to pay their charges now the excellent feature of though when you have actually transformed your cash you do not have to invest it right now that dollar value can sit 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 takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s really excellent using that part of their site won’t definitely restrict you in any way nevertheless we have to know two other charges the very first being what’s called spread charges all right and i’m going to reveal you what i indicate on now a spread fee as i’m going to reveal you
on is generally the distinction that becomes part of the financial investment platform in 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 today tesla’s dollar value 599 per share in tesla that really means that when you wish to sell or buy as you can see it’s not the cost you’re seeing up here let me reveal you that again so the present cost of tesla is the value of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll find 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 certainly it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you state all right well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to sell it which is how they make a little bit of cash on those spread out costs it’s generally extremely little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit cash now the last accomplishment is called an
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overnight cost now this is actually essential if you’re in fact utilizing cfds yourself also an overnight fee is when you’re not doing that buy sell deal in the exact same day fine there’s then an over night charge charged or even if you go from the friday to the monday prior to sailing 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 utilize which indicates you’re in fact buying the precise property rather than using utilize anyway you won’t get hit with these charges but these charges 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 very same day so let’s state if you enter into the assistance section this isn’t the over night charges details 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 overnight or you’re doing over weekends and that only uses as i stated to cfds there are some added fees obviously depending upon what you are investing in too this is on your own so keep that in mind but full fees are entirely within their assistance info okay and we talked about along with complimentary 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 cost now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of in fact using these copy functions they don’t have any additional costs on top of the normal fees that
exist now what you require to keep in mind though is these possibly managed by other individuals totally or in some cases have produced portfolios you’ve got a real person doing the management you have to make sure you choose the person that’s right for you similar to any kind of work this is your monetary possessions so we absolutely need to make sure it’s the best person for us prior to 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 alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your credit card details or anything you can basically have this virtual portfolio simulate as if you are using your own money but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash maybe this is an excellent option for you once again to evaluate the theories alright you may want to buy tesla or apple or this etf why not use the virtual alternative as a method to type of safe have fun with it certainly you might have missed out on gains and losses during that time obviously if you had invested your genuine money it permits you to build self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i indicate by that obviously 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 suggests am i okay with potentially losing a great quantity 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 money that’s why they make the fact 75 individuals will lose money however that equally implies they’ll lose eventually in their journey clearly individuals do generate income too and i’ve got videos all about how you can make certain you are among individuals to really earn money but in this scenario ensure you research your risk level would you be okay providing your cash to somebody else which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing completely if you’re someone who isn’t wanting to be that dangerous don’t pick somebody who’s totally into crypto or currency conversion think about it you ‘d most likely want a foundation of strong products
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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 say you can really utilize this too truly quickly over here you can copy individuals now it will offer you a lot of choices and you can use the system to actually look for somebody that you fancy in fact following so let’s see perhaps we desire someone from unified kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has satisfied that requirements and it does provide you a danger factor too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to verify are you all right 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 actually deep dive into what is she actually buying 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 great to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got some of mine actually that i invest in too which is good so in fact for me knowing what i like to buy 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 likewise got a bit more um of the sort of main food companies and you have actually got you know pharmaceutical and production companies as that. Digital Yuan Etoro.
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