We get this a lot on our site and the answer to Etoro Can You Make Money….Questions that i speak with new financiers what if you’re brand new to investing you merely 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 work with a financial investment portfolio manager they’ll usually charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is of course you can purchase mutual funds particular funds are produced once 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 an overall please bear in mind this platform is quite sophisticated you can do cfds which obviously cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform don’t simply assume due to the fact that i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that choice also so you really get used to the structure of the site and then 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 threat this is investing we’re doing you’re buying real business if you select to in this specific video we’re discussing how to copy other people’s financial investments with your money so obviously your capital is at threat and we have to bear that in mind do not just do something since that person has stated they have actually made earnings 14 months in a row purchase these options because you think 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 comprehending what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is most likely.
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well-known for it’s the choice to see what other traders are doing unbelievable we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can really say i wish to do exactly what that trader is doing or match that specific portfolio of options and generally whenever they make a trade they purchase they offer whatever they do your cash will be simulated with it so that implies if for example 10 of their financial investment portfolio is 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 truly crucial you comprehend what are the costs of this now with any platform there will be some cost to obviously 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 zero charge sites then might not charge you for actually buying and selling funds or etfs private commodities private stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of costs 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 know prior to you really start purchasing copy trading or copy portfolios and lastly some finest advice finest practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s start with fees actually crucial to understand these now on there’s a couple of fees there isn’t charges to do with actually buying and selling okay so commission costs are free nevertheless there are a couple of other costs the first one is withdrawal costs so you can clearly put money in now if you’re 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 but when you wish to withdraw your cash so you sell your shares you sell your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you might say alright that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are simply one of those choices that they have a great deal of platforms clearly are totally free 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 once every six months you understand depends entirely how you’re investing however that is a fee to remember the 2nd charge that i’ve discussed is that conversion charge now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading two and 2 open market anybody this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you sort of have to accept you understand if you want to use their platform go from uk to us then that conversion fee exists what are they really offering 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 give me us dollars rather you need to pay their charges now the excellent feature of however when you have actually converted your cash you do not need to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s really excellent using that part of their website won’t certainly limit you in any way nevertheless we have to be aware of 2 other fees the first being what’s called spread costs fine and i’m going to show you what i suggest on now a spread fee as i’m going to show you
on is basically the distinction that becomes part of the financial investment platform between the buy cost and the price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that in fact suggests 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 again so the present price of tesla is the value 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 everywhere this is another manner in which they make a percentage of profit from you each time you do a purchaser’s share so keep that in mind clearly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you say alright well why does that happen it just 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 wish to offer it and that is how they make a little bit of money on those spread out costs it’s usually exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit cash now the last task is called an
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over night fee now this is truly essential if you’re actually using cfds yourself also an overnight charge is when you’re not doing that buy sell transaction in the exact same day alright there’s then an over night charge charged or perhaps 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 using time one leverage which means you’re really buying the precise property instead of using take advantage of anyhow you won’t get hit with these costs however these costs are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you enter into the assistance area this isn’t the over night costs 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 overnight or you’re doing over weekends and that only uses as i said to cfds there are some added fees obviously depending on what you are buying also this is on your own so keep that in mind but complete costs are completely within their assistance information all right and we discussed in addition to totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two various ways of in fact utilizing these copy operates they don’t have any additional costs on top of the normal charges that
are there now what you require to remember though is these potentially managed by other people completely or sometimes have actually created portfolios you’ve got a genuine individual doing the management you have to make sure you choose the person that’s right for you similar to any type of work this is your financial properties so we absolutely require to make certain it’s the ideal individual 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 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 genuine cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are using your own cash however actually buy 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 great option for you once again to test the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual option as a way to kind of safe play 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 permits you to construct confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to remember before you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i indicate by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply implies am i all right with possibly losing a great quantity of this financial investment or getting as
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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 people will lose cash but that similarly means they’ll lose at some time in their journey obviously individuals do generate income as well and i’ve got videos all about how you can make sure you’re one of individuals to in fact generate income however in this situation make sure you research your threat level would you be okay offering your money to another person which is efficiently what you’re doing and trusting them ensure you comprehend what they’re investing in fully if you’re somebody who isn’t wishing to be that risky do not pick someone who’s completely into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong products
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like gold or perhaps oil plus more standard etfs and index funds you might 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 really utilize this too truly quickly over here you can copy individuals now it will give you a great deal of options and you can use the system to really look for someone that you expensive really following so let’s see possibly we desire somebody from joined kingdom um who invests in let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds a great amount and i can discover everyone who has actually fulfilled that criteria and it does give you a threat element also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to confirm are you fine with this and off you go now another method to actually deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she in fact buying 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 absolutely like type of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is excellent so in fact for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the kind of primary food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Can You Make Money.
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