We get this a lot on our site and the answer to Etoro Do You Own The Coins….Questions that i speak with new investors what if you’re brand new to investing you merely don’t want to choose what you in fact wish to invest and you want somebody to do it for you there’s just a number of manner ins which that can take place the first of all you can employ a financial investment portfolio manager they’ll typically 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 naturally you can buy mutual funds particular 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 keep in mind this platform is rather innovative you can do cfds which of course cfds are methods 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 assume because i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they give that option too so you really get used to the structure of the site 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 risk this is investing we’re doing you’re buying genuine companies if you choose to in this particular video we’re discussing how to copy other people’s investments with your money so undoubtedly your capital is at risk and we have to bear that in mind do not just do something because that individual has actually said they have actually made earnings 14 months in a row purchase these choices due to the fact that you think is the ideal ones for you and that 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 element that is probably.
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popular for it’s the option to see what other traders are doing amazing we don’t typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can actually state i want to do precisely what that trader is doing or match that specific portfolio of choices and basically every time they make a trade they purchase they sell whatever they do your money will be imitated with it so that implies if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees involved actually important you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no charge websites then might not charge you for really buying and selling etfs or funds individual products individual 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 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 understand prior to you really start buying copy trading or copy portfolios and lastly some best suggestions finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s start with charges actually important to comprehend these now on there’s a number of fees there isn’t fees to do with actually buying and selling alright so commission charges are complimentary nevertheless there are a couple of other fees the very first one is withdrawal fees so you can certainly 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 however when you want to withdraw your cash so you sell your shares you sell your commodities whatever you’re selling the minimum amount 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 ensure that i’m just withdrawing when i definitely need to now you may state all right 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 simply among those choices that they have a great deal of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every six months you understand depends completely how you’re investing however that is a fee to bear in mind the second fee that i’ve discussed is that conversion fee now with you’re handling us dollars just there’s not an option to buy in euros or uk and that’s great that matches 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 excellent with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading two and two open market anybody this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you type of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost is there what are they actually offering 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 offer me us dollars instead you have to pay their fees now the great thing about however when you have actually transformed your money you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that indicates the initial 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 costs so that’s truly excellent utilizing that part of their website won’t certainly limit you in any way nevertheless we have to know two other costs the first being what’s called spread fees okay and i’m going to reveal you what i imply on now a spread charge as i’m going to show you
on is generally the difference that is part of the financial investment platform in between the buy cost and the list price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really means that when you want to purchase or sell as you can see it’s not the cost you’re seeing up here let me show you that once again so the existing cost of tesla is the value of a share what’s called spread charges is the difference then actually to purchase that share on the platform and you’ll find this all over this is another way that 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 costly to purchase than it is to offer so they’re going to provide 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 between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread out fees it’s typically 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 money now the last feat is called an
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overnight charge now this is actually crucial if you’re actually utilizing cfds yourself as well an overnight fee is when you’re refraining from doing that buy offer deal in the exact same day fine there’s then an overnight cost charged or even if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one leverage which implies you’re really buying the exact property rather than utilizing take advantage of anyway you will not get hit with these costs but these charges are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s state if you go into the aid section this isn’t the overnight 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 over night or you’re doing over weekends and that only uses as i said to cfds there are some added fees naturally depending upon what you are buying too this is on your own so keep that in mind however complete fees are entirely within their help information okay and we talked about along with complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of actually using these copy functions they don’t have any additional charges on top of the regular fees that
exist now what you require to keep in mind though is these potentially handled by other individuals completely or sometimes have actually produced portfolios you’ve got a real individual doing the management you need to make sure you select the individual that’s right for you similar to any type of work this is your monetary assets so we absolutely require to make certain it’s the ideal person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of different choices 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 money that you’re investing you will not need to put in your credit card information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own cash however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash maybe this is an excellent choice for you again to test the theories alright you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe play with it clearly you might have lost out on gains and losses throughout that time of course if you had actually invested your genuine cash it enables you to build self-confidence comprehend the platform so that’s one option for you then next week and i’m going to go back 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 remember prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i imply by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of simply suggests am i okay with possibly losing an excellent quantity of this financial investment or acquiring 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 fact 75 individuals will lose money however that similarly means they’ll lose eventually in their journey undoubtedly individuals do generate income too and i have actually got videos all about how you can ensure you’re one of the people to actually make money however in this situation make certain you research study your risk level would you be all right providing your cash to another person which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in fully if you’re someone who isn’t wishing to be that risky don’t choose somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely want a foundation of strong commodities
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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 state you can actually use this too actually easily over here you can copy people now it will give you a great deal of options and you can utilize the system to in fact look for someone that you fancy in fact following so let’s see maybe we desire someone from unified kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has fulfilled that criteria and it does give you a risk element 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’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 might make four or minus 50 there’s no other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to verify are you fine with this and off you go now another method to really deep dive if we click this person for instance 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 little bit so that’s good to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine really that i buy too which is excellent so in fact for me knowing what i like to buy my individual 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 sort of main food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Do You Own The Coins.
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