We get this a lot on our site and the answer to Etoro Shut Account….Concerns that i hear from brand-new investors what if you’re brand new to investing you just don’t want to choose what you actually want to invest and you want someone to do it for you there’s just a couple of manner ins which that can occur the first off you can hire a financial investment portfolio manager they’ll typically charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is of course you can buy mutual funds particular funds are developed 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 as well now if you’re brand new to an overall please keep in mind this platform is rather sophisticated you can do cfds which of course cfds are ways 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 since i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they give that alternative as well so you really get used to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re buying genuine business if you select to in this specific video we’re discussing how to copy other individuals’s investments with your money so obviously your capital is at threat and we have to bear that in mind do not just do something because that person has said they’ve made revenue 14 months in a row invest in these choices due to the fact that you believe is the ideal ones for you which being stated 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 element that is probably.
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well-known for it’s the option to see what other traders are doing extraordinary we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can actually say i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and basically each time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that suggests if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs included truly critical you understand what are the costs of this now with any platform there will be some expense to certainly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero fee websites then might not charge you for really buying and selling etfs or funds private products specific stocks.
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there’ll be fees 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 reveal you the costs with in particular in this video the next would be things to know before you really begin purchasing copy trading or copy portfolios and finally some finest guidance best practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s begin with fees actually crucial to understand these now on there’s a couple of costs there isn’t fees to do with actually buying and selling all right so commission costs are complimentary however there are a number of other fees the first one is withdrawal costs so you can clearly put money 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 later but when you wish to withdraw your money so you sell your shares you sell your products 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 knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may say fine that’s rather 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 fees are simply one of those choices that they have a great deal of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every six months you know depends completely how you’re investing however that is a cost to remember the 2nd fee that i’ve discussed is that conversion fee now with you’re handling 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 anyway or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading two and 2 open market anyone at all this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion charge exists 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 terrific feature 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 cash 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 additional costs so that’s really excellent using that part of their site will not certainly limit you in any way however we need to know 2 other charges the first being what’s called spread charges okay and i’m going to show you what i suggest on now a spread charge as i’m going to show you
on is essentially the distinction that becomes part of the financial investment platform in between the buy rate and the price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that actually implies that when you wish to offer or purchase as you can see it’s not the price you’re seeing up here let me show you that once again so the current price of tesla is the worth 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 way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind obviously it’s more costly to purchase than it is to sell so they’re going to provide you less back with your sale and you state all right 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 which is how they make a little bit of cash on those spread fees it’s usually incredibly 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 feat is called an
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over night charge now this is actually essential if you’re in fact using cfds yourself also an overnight charge is when you’re refraining from doing that buy sell deal in the very same day all right there’s then an over night fee charged and 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 actually buying out the etf the stock the product and utilizing time one leverage which indicates you’re in fact purchasing the exact asset instead of utilizing take advantage of anyhow you will not get hit with these costs however these fees are if you’re using utilize and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s state if you go into the assistance section this isn’t the over night costs information you can see exactly the breakdown and it’ll tell 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 applies as i stated to cfds there are some added fees naturally depending on what you are buying as well this is on your own so keep that in mind however complete charges are entirely within their help details fine and we spoke about in addition to totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of actually utilizing these copy works they don’t have any extra fees on top of the typical charges that
exist now what you require to remember though is these potentially handled by other people entirely or sometimes have developed portfolios you’ve got a genuine person doing the management you have to ensure you pick the person that’s right for you similar to any kind of work this is your monetary assets so we definitely require to make sure it’s the ideal person for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of various alternatives for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your credit card details or anything you can generally have this virtual portfolio mimic as if you are utilizing your own cash however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is a terrific choice for you once again to evaluate the theories fine you may wish to buy tesla or apple or this etf why not use the virtual option as a method to kind of safe have fun with it obviously you might have missed out on gains and losses during that time naturally if you had actually invested your real cash it allows you to build confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my genuine 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 prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i mean by that undoubtedly 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 run the risk of simply means am i all right with possibly losing a good quantity of this investment or acquiring as
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well now keep in mind everything is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose money however that similarly implies they’ll lose at some point in their journey certainly individuals do earn money as well and i have actually got videos everything about how you can make sure you are among the people to in fact make money but in this circumstance make certain you research study your threat level would you be all right offering your cash to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing totally if you’re someone who isn’t wanting to be that risky don’t select somebody who’s completely into crypto or currency conversion think about it you ‘d probably want a foundation 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 state you can really utilize this too really quickly over here you can copy people now it will offer you a great deal of choices and you can utilize the system to actually search for somebody that you expensive really following so let’s see maybe we want somebody from joined kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can discover everybody who has actually fulfilled that criteria and it does give you a threat element too 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 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 mean 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 easy as clicking the copy button and off you go and then you know ask you to confirm are you all right with this and off you go now another way to really deep dive if we click on this person for instance ruby mza as an example you can actually 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 sort of into those blue box and the tech industry she’s got some of mine really that i buy too which is excellent so really for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s also got a bit more um of the kind of primary food business and you’ve got you understand pharmaceutical and production business as that. Etoro Shut Account.
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