We get this a lot on our site and the answer to Etoro Expert Advisors….Questions that i hear from brand-new financiers what if you’re brand new to investing you just don’t want to decide what you in fact want to invest and you want someone to do it for you there’s only a number of manner ins which that can occur the firstly you can employ a financial investment portfolio supervisor they’ll generally charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is naturally you can buy mutual funds particular funds are produced 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 too now if you’re brand new to a total please keep in mind this platform is rather innovative you can do cfds which naturally cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform don’t simply presume due to the fact that 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 too so you actually get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re purchasing real companies if you pick to in this specific video we’re discussing how to copy other people’s financial investments with your cash so clearly your capital is at risk and we have to bear that in mind do not simply do something since that individual has actually stated they have actually made earnings 14 months in a row buy these choices because you believe is the best 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’s part of social trading which is one aspect that is probably.
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famous for it’s the alternative to see what other traders are doing amazing we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can really say i wish to do precisely what that trader is doing or match that exact portfolio of options and basically each time they make a trade they buy they sell whatever they do your money will be imitated with it so that means if for example 10 of their financial 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 actually crucial you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are real business 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 sites then might not charge you for actually buying and selling funds or etfs specific products private stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand prior to you really begin purchasing copy trading or copy portfolios and finally some best suggestions finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s start with charges actually essential to comprehend these now on there’s a couple of fees there isn’t fees to do with really buying and selling all right so commission costs are complimentary however there are a number of other fees the first one is withdrawal charges 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 later on however when you wish to withdraw your cash so you offer your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m just withdrawing when i definitely require to now you might say all right that’s quite expensive 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 simply among those choices that they have a lot of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every six months you understand depends completely how you’re investing however that is a charge to remember the 2nd fee that i’ve discussed is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk which’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and two open market anyone at all this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you sort of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge is there what are they in fact providing 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 instead you need to pay their charges now the excellent aspect of though when you’ve converted your cash you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that implies the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s truly great utilizing that part of their website will not certainly restrict you in any way however we have to understand two other fees the first being what’s called spread charges alright and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is generally the distinction that becomes part of the investment platform between the buy rate and the sale price fine 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 worth 599 per share in tesla that really means that when you want to offer or buy as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing price of tesla is the value of a share what’s called spread costs is the distinction then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind certainly it’s more costly to buy than it is to sell so they’re going to give you less back with your sale and you state fine well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to sell it and that is how they make a little bit of cash on those spread out costs it’s usually incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit cash now the last task is called an
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over night cost now this is actually essential if you’re really utilizing cfds yourself also an overnight fee is when you’re refraining from doing that buy sell transaction in the same day okay there’s then an overnight fee charged and 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 in fact buying out the etf the stock the commodity and utilizing time one take advantage of which means you’re actually buying the exact possession instead of using utilize anyhow you won’t get hit with these fees but these charges are if you’re utilizing utilize 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 go into the aid area this isn’t the over night fees info you can see precisely the breakdown and it’ll inform you what are the charges what are the fees 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 service charges of course depending upon what you are buying also this is on your own so keep that in mind however full fees are entirely within their assistance information fine and we spoke about as well as complimentary to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of really utilizing these copy operates they do not have any extra costs on top of the regular charges that
are there now what you need to keep in mind though is these potentially managed by other people entirely or sometimes have produced portfolios you have actually got a genuine person doing the management you need to ensure you pick the individual that’s right for you similar to any profession this is your monetary properties so we definitely need to make certain 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’ve got a couple of different options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual methods i believe 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 charge card details or anything you can essentially have this virtual portfolio simulate as if you are using your own money but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine money maybe this is an excellent choice for you once again to evaluate the theories alright you might want to buy tesla or apple or this etf why not use the virtual choice as a way to sort of safe have fun with it clearly you may have missed out on gains and losses during that time obviously if you had invested your genuine money it permits you to construct self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to bear in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i imply by that clearly 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 risk simply suggests am i alright with possibly losing a good quantity of this investment or gaining as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose money but that equally means they’ll lose at some time in their journey obviously individuals do make money also and i have actually got videos all about how you can make sure you are among the people to really generate income but in this circumstance make certain you research your risk level would you be fine offering your cash to another person which is efficiently what you’re doing and trusting them make sure you understand what they’re purchasing fully if you’re someone who isn’t wanting to be that risky don’t select somebody who’s entirely into crypto or currency conversion think of it you ‘d probably desire a foundation of strong products
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like gold or perhaps oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually use this too truly quickly over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to actually search for someone that you fancy in fact following so let’s see maybe we desire someone from joined kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has actually satisfied that requirements 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 obviously there are a number of individuals that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they could make 4 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 then you understand ask you to validate are you all right with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she really investing in 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 excellent to understand ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine actually that i purchase too which is excellent so actually for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s likewise got a bit more um of the kind of primary food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Expert Advisors.
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