We get this a lot on our site and the answer to Etoro Short List….Questions that i hear from new financiers what if you’re brand new to investing you simply don’t wish to decide what you in fact wish to invest and you want someone to do it for you there’s just a number of ways that that can occur the to start with you can work with a financial investment portfolio supervisor they’ll generally charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 remember this platform is quite advanced 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 more about please do study the platform don’t just assume due to the fact that i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they give that choice as well so you actually get utilized to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing real companies if you pick to in this particular video we’re discussing how to copy other people’s investments with your cash so obviously your capital is at risk and we need to bear that in mind do not just do something because that person has stated they have actually made earnings 14 months in a row buy these options since you think is the best 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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popular for it’s the option to see what other traders are doing extraordinary we do not typically 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 money we can actually state i want to do exactly what that trader is doing or match that specific portfolio of options and basically every time they make a trade they buy they sell whatever they do your money will be mimicked with it so that indicates if for instance 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 charges involved truly important you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly 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 no charge sites then may not charge you for actually buying and selling etfs or funds individual commodities private stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to understand before you actually begin buying copy trading or copy portfolios and lastly some best suggestions best practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s kick off with costs actually 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 totally free however there are a couple of other charges the very 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 instantly converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your money so you offer 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 five dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might say alright that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are just among those options that they have a great deal of platforms clearly are 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 as soon as every 6 months you understand depends completely how you’re investing but that is a charge to remember the second charge that i have actually touched upon is that conversion charge now with you’re handling us dollars only there’s not an option to purchase in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading 2 and two open market anyone at all this is standard they have actually i suppose stuck with whatever fee they charge for that conversion rate you type of have to accept you know if you want to utilize their platform go from uk to us then that conversion fee is there what are they really offering you in regards to 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 fees now the excellent aspect of however when you have actually transformed your cash you do not have to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s really excellent utilizing that part of their site will not definitely restrict you in any way nevertheless we need to understand two other fees the very first being what’s called spread charges alright and i’m going to show you what i mean on now a spread cost as i’m going to reveal you
on is essentially the distinction that becomes part of the financial investment platform between the buy price 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 site today tesla’s dollar worth 599 per share in tesla that in fact means that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me reveal you that once again so the existing rate of tesla is the value of a share what’s called spread costs is the distinction then really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of make money from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to offer so they’re going to offer you less back with your sale and you state alright well why does that occur it simply 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 cash on those spread out charges it’s generally incredibly 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 little bit money now the last feat is called an
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over night charge now this is actually essential if you’re really using cfds yourself too an over night charge is when you’re refraining from doing that buy offer deal in the exact same day okay there’s then an overnight fee charged or even if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which means you’re really buying the exact property rather than using leverage anyhow you won’t get hit with these charges however these fees are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you go into the assistance section this isn’t the over night costs details you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which only uses as i stated to cfds there are some surcharges of course depending upon what you are investing in too this is on your own so keep that in mind but complete costs are entirely within their help information all right and we discussed in addition to complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical 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 different ways of actually using these copy functions they do not have any additional costs on top of the regular fees that
are there now what you require to bear in mind though is these potentially handled by other people totally or in some cases have created portfolios you have actually got a genuine person doing the management you need to make sure you select the individual that’s right for you much like any profession this is your monetary possessions so we definitely need to make certain 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 have actually got a couple of different 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 real money 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 require to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are using your own money but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine money possibly this is a terrific choice for you once again to test the theories alright you may wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe play with it obviously you might have missed out on gains and losses during that time naturally if you had invested your genuine cash it allows you to develop confidence understand 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 keep in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i suggest by that obviously 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 simply suggests am i all right with potentially losing an excellent amount of this financial investment or acquiring as
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well now remember everything is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose money but that similarly means they’ll lose at some time in their journey undoubtedly people do earn money as well and i have actually got videos everything about how you can make sure you are among individuals to actually earn money but in this situation ensure you research study your risk level would you be alright giving your money to someone else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re buying fully if you’re somebody who isn’t wishing to be that dangerous don’t select somebody who’s completely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong commodities
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like gold or even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really utilize this too actually easily over here you can copy individuals now it will offer you a great deal of choices and you can utilize the system to in fact look for somebody that you expensive really following so let’s see perhaps we want somebody from joined kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has actually fulfilled that requirements and it does offer you a threat aspect also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not suggest someone 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 simple as clicking the copy button and off you go and then you know ask you to confirm are you alright with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she in fact 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 little bit so that’s great to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine really that i invest in too which is great so actually for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s also got a bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production companies as that. Etoro Short List.
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