We get this a lot on our site and the answer to E Stocks Etoro Ad….Questions that i speak with new financiers what if you’re brand new to investing you simply do not want to decide what you actually want to invest and you desire someone to do it for you there’s only a number of ways that that can take place the first off you can hire an investment portfolio manager 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 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 as well now if you’re brand new to an overall 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 in fact having the full amount of capital so with anything that you’re learning more about please do study the platform do not simply presume because i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they consider that alternative as well so you really 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 of course your capital is at threat this is investing we’re doing you’re buying genuine companies if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your money so obviously your capital is at danger and we need to bear that in mind do not simply do something since that person has actually stated they’ve made revenue 14 months in a row invest in these choices due to the fact that you believe is the ideal ones for you which being stated 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 aspect that is most likely.
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famous for it’s the option to see what other traders are doing amazing we do not usually 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 cash we can actually say i wish to do precisely what that trader is doing or match that specific portfolio of options and generally each time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that suggests if for example 10 of their 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 charges involved actually vital you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the zero cost websites then may not charge you for in fact buying and selling funds or etfs specific commodities private 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 type 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 in fact begin purchasing copy trading or copy portfolios and finally some finest recommendations best practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s start with charges truly essential to comprehend these now on there’s a couple of costs there isn’t fees to do with actually buying and selling okay so commission fees are free nevertheless there are a number of other charges the very first one is withdrawal fees so you can undoubtedly put cash in now if you’re 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 in the future but when you wish to withdraw your cash so you offer your shares you sell your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m just withdrawing when i definitely need to now you may state okay that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are just among those options that they have a great deal of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every six months you understand depends completely how you’re investing but that is a fee to keep in mind the 2nd cost that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’s great that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading two and two open market anyone at all this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion cost is there 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 say give me us dollars rather you have to pay their charges now the terrific thing about however when you’ve transformed your money 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 indicates 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 extra charges so that’s truly excellent utilizing that part of their website will not definitely restrict you in any way nevertheless we have to be aware of two other fees the first being what’s called spread fees all right and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you
on is generally the difference that belongs to the investment platform between the buy rate and the list price all right 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 actually means that when you wish to sell 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 current price 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 percentage of benefit from you every time you do a buyer’s share so keep that in mind clearly it’s more expensive to purchase than it is to sell so they’re going to give you less back with your sale and you say okay well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to offer it and that is how they make a bit of cash on those spread out fees it’s normally exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit money now the last accomplishment is called an
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over night charge now this is actually crucial if you’re actually using cfds yourself too an over night cost is when you’re not doing that buy sell deal in the same day okay there’s then an over night charge charged or even if you go from the friday to the monday before 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 leverage which implies you’re in fact buying the specific asset rather than using take advantage of anyhow you will not get hit with these costs but these costs are if you’re utilizing take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the exact same day so let’s state if you enter into the help section this isn’t the over night costs details 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 over night or you’re doing over weekends which only uses as i stated to cfds there are some added fees of course depending on what you are buying also this is on your own so keep that in mind however complete charges are totally within their help info fine and we talked about in addition to complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of really using these copy works they do not have any extra fees on top of the typical costs that
exist now what you require to bear in mind though is these possibly handled by other people completely or sometimes have actually produced portfolios you’ve got a genuine individual doing the management you need to make sure you pick the person that’s right for you similar to any profession this is your financial assets so we definitely require to make sure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to use this function we have actually got a couple of various alternatives for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine 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 credit card information or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash perhaps this is a fantastic alternative for you once again to test the theories okay you might wish to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it certainly you might have lost out on gains and losses during that time of course if you had actually invested your genuine cash it enables you to develop self-confidence comprehend 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 actually how to copy individuals and copy portfolios now here’s something to keep in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i suggest by that undoubtedly 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 suggests am i all right with potentially losing a good quantity of this financial investment or getting as
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well now keep in mind whatever is downs and ups you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose money however that similarly implies they’ll lose at some point in their journey clearly people do generate income as well and i’ve got videos everything about how you can make sure you’re one of individuals to in fact earn money however in this situation make sure you research study your risk level would you be okay offering your money to another person which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re someone who isn’t wanting to be that risky do not select someone who’s completely into crypto or currency conversion consider it you ‘d probably want a backbone of strong commodities
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like gold or even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually utilize this too really easily over here you can copy people now it will provide you a great deal of choices and you can utilize the system to in fact search for someone that you fancy in fact following so let’s see maybe we want someone from joined kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has met that criteria and it does give you a threat 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 number of people that have rather high returns
keep in mind 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 might 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 after that you know ask you to verify are you alright with this and off you go now another way to really 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 go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got some of mine really that i invest in too which is great so actually for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s also got a little bit more um of the sort of primary food companies and you’ve got you understand pharmaceutical and production companies as that. E Stocks Etoro Ad.
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