We get this a lot on our site and the answer to Etoro Minimum Deposit Amount 1000….Questions that i hear from brand-new investors what if you’re brand new to investing you simply don’t wish to decide what you really wish to invest and you desire someone to do it for you there’s only a number of manner ins which that can occur the first off you can hire a financial investment portfolio manager they’ll generally charge a quite a high premium to do that perhaps one or two percent of your profits will go to them the other thing is of course you can buy mutual funds specific 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 bear in mind this platform is quite advanced you can do cfds which of course cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform don’t simply presume since 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 too so you actually get used to the structure of the website and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re investing in genuine business if you choose to in this specific video we’re discussing how to copy other individuals’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 since that person has actually said they’ve made revenue 14 months in a row invest in these options due to the fact that you believe is the ideal ones for you and that being said let’s dive straight in [Music] 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 element that is probably.
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famous for it’s the alternative to see what other traders are doing extraordinary we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our cash we can in fact state 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 purchase they sell 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 involved truly vital you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero cost websites then might not charge you for really buying and selling etfs or funds private commodities private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges 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 before you in fact begin purchasing copy trading or copy portfolios and finally some best guidance best practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s start with fees actually crucial to understand these now on there’s a number of charges there isn’t fees to do with in fact buying and selling fine so commission fees are free however there are a number of other costs the very first one is withdrawal costs so you can certainly put cash in now if you remain 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 however when you want to withdraw your cash so you offer your shares you offer your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m just withdrawing when i absolutely require to now you might say 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 fees someplace and withdrawal costs are just one of those options that they have a lot of platforms undoubtedly are 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 6 months you understand depends totally how you’re investing but that is a fee to remember the 2nd fee that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or 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 utilizing trading 2 and two open market anyone at all this is standard they have i suppose stuck to whatever cost they charge for that conversion rate you kind of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge 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 state give me us dollars instead you need to pay their costs now the excellent aspect of though when you’ve transformed your money you do not need to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s truly great using that part of their site won’t certainly limit you in any way nevertheless we have to be aware of 2 other charges the first being what’s called spread charges fine and i’m going to show you what i mean on now a spread charge as i’m going to show you
on is basically the difference that becomes part of the financial investment platform between the buy cost and the sale price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the site today 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 rate you’re seeing up here let me reveal you that once again so the existing cost of tesla is the value of a share what’s called spread charges is the distinction then actually to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of make money from you every time you do a buyer’s share so keep that in mind clearly it’s more pricey to buy than it is to offer so they’re going to provide you less back with your sale and you state okay well why does that happen it simply 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 and that is how they make a little bit of money on those spread fees it’s generally extremely small 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 little bit money now the last task is called an
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overnight fee now this is truly crucial if you’re really utilizing cfds yourself as well an overnight charge is when you’re not doing that buy offer deal in the same day okay there’s then an overnight charge charged or even if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which suggests you’re in fact buying the precise property instead of using leverage anyhow you will not get hit with these fees but these charges are if you’re using take advantage of and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s state if you go into the assistance area this isn’t the over night fees details you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which just applies as i said to cfds there are some service charges naturally depending on what you are purchasing too this is on your own so keep that in mind however complete charges are entirely within their aid details all right and we discussed in addition to free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various methods of in fact using these copy operates they don’t have any extra charges on top of the typical fees that
exist now what you need to remember though is these potentially handled by other people totally or often have developed portfolios you’ve got a real person doing the management you need to make sure you pick the person that’s right for you much like any kind of work this is your financial properties so we definitely need to make sure it’s the right individual 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 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 option 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 will not need 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 but really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money maybe this is a great choice for you once again to check the theories okay you may want to buy tesla or apple or this etf why not utilize the virtual option as a method to type of safe have fun with it clearly you may have lost out on gains and losses during that time obviously if you had invested your real cash it permits you to build confidence understand 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 in fact how to copy individuals and copy portfolios now here’s something to remember prior to you choose 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 certainly 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 just means am i okay with potentially losing a good quantity of this financial investment or getting as
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well now remember whatever is downs and ups you will generate income you’ll lose money that’s why they make the fact 75 people will lose money however that similarly suggests they’ll lose eventually in their journey certainly people do make money too and i have actually got videos all about how you can make certain you’re one of the people to really make money however in this circumstance make sure you research your threat level would you be okay providing your cash to someone else which is effectively what you’re doing and trusting them ensure you comprehend what they’re purchasing completely if you’re someone who isn’t wanting to be that risky don’t select someone who’s entirely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact utilize this too truly quickly over here you can copy individuals now it will offer you a great deal of choices and you can utilize the system to actually look for somebody that you elegant in fact following so let’s see maybe we want someone from joined kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has actually met that criteria and it does give you a risk aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns
remember it resembles 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 simple as clicking the copy button and off you go and then you understand 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 actually deep dive into what is she actually investing in so let’s enter 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 absolutely like kind of into those blue box and the tech industry she’s got some of mine actually that i buy too which is excellent so really 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 seems to be what she prefers she’s also got a little bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Minimum Deposit Amount 1000.
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