We get this a lot on our site and the answer to Etoro Vidt….Questions that i hear from brand-new financiers what if you’re brand new to investing you merely don’t wish to decide what you actually want to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can happen the firstly you can employ 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 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 too now if you’re brand new to a total please remember this platform is quite innovative you can do cfds which naturally cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just presume due to the fact that i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they consider that option too so you really 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 of course your capital is at risk this is investing we’re doing you’re buying real business if you pick to in this specific video we’re talking about how to copy other people’s investments with your cash so certainly your capital is at risk and we have to bear that in mind do not simply do something because that person has said they have actually made earnings 14 months in a row invest in these choices because 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 comprehending 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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famous for it’s the option to see what other traders are doing amazing we do not normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can in fact state i want to do precisely what that trader is doing or match that specific portfolio of alternatives and generally every time they make a trade they buy they sell whatever they do your cash will be simulated with it so that implies if for instance 10 of their financial 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 fees involved truly important you understand what are the expenses of this now with any platform there will be some cost to certainly these are real 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 absolutely no fee websites then may not charge you for in fact buying and selling funds or etfs specific products individual stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to understand prior to you actually begin buying copy trading or copy portfolios and lastly some best recommendations finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s begin with fees truly crucial to understand these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling all right so commission costs are free nevertheless there are a number of other charges the very first one is withdrawal costs so you can certainly put money in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your money so you offer your shares you sell your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m only withdrawing when i definitely need to now you might say all right that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are simply one of those options 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 perhaps even once a year as soon as every six months you know depends completely how you’re investing however that is a charge to keep in mind the second cost that i have actually discussed is that conversion charge now with you’re handling us dollars only there’s not an option to buy 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 purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading two and 2 free trade anyone at all this is standard they have i suppose stuck to whatever fee 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 cost 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 have to pay their charges now the excellent thing about however when you have actually converted 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 purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s really great using that part of their website will not definitely limit you in any way nevertheless we need to be aware of 2 other charges the very first being what’s called spread costs okay and i’m going to reveal you what i indicate on now a spread cost as i’m going to show you
on is generally the distinction that becomes part of the financial investment platform between the buy cost and the price fine it’s their premium on doing both those two 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 in fact 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 present 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 find this everywhere this is another way that they make a small amount 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 offer so they’re going to give you less back with your sale and you state okay well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you want to offer it which is how they make a little bit of money on those spread out fees it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit cash now the last feat is called an
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over night cost now this is truly important if you’re in fact utilizing cfds yourself as well an overnight cost is when you’re not doing that buy offer deal in the same day all right there’s then an overnight charge charged and 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 really buying out the etf the stock the commodity and utilizing time one leverage which implies you’re actually purchasing the precise possession instead of using utilize anyway you won’t get hit with these charges however these fees are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you go into the assistance section this isn’t the overnight costs information you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night 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 buying as well this is on your own so keep that in mind but complete fees are entirely within their aid details all right and we discussed as well as 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 everything there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of really utilizing these copy operates they don’t have any extra costs on top of the normal costs that
exist now what you require to keep in mind though is these potentially handled by other individuals entirely or sometimes have actually created portfolios you have actually got a real person doing the management you have to make certain you pick the individual that’s right for you similar to any type of work this is your financial properties so we definitely require to make sure it’s the right 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 have actually got a number of different alternatives for us first of all if you’re brand new to investing i wish 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 have fun with and it’s not real money that you’re investing you won’t require to put in your credit card details or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash maybe this is a great alternative for you once again to evaluate the theories okay you may wish to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it certainly you may have missed out on gains and losses throughout that time obviously if you had actually invested your real cash it allows you to construct self-confidence understand the platform so that’s one option 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 people and copy portfolios now here’s something to keep in mind prior to you choose someone 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 indicate by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of simply implies am i alright with potentially losing a great amount of this financial 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 figure 75 individuals will lose money however that equally suggests they’ll lose eventually in their journey clearly people do earn money too and i have actually got videos all about how you can ensure you’re one of the people to really earn money however in this circumstance make certain you research your risk level would you be fine giving your money to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re buying fully if you’re somebody who isn’t wanting to be that dangerous do not choose someone who’s completely into crypto or currency conversion think of it you ‘d probably want a foundation of strong products
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like gold and even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually utilize this too truly quickly over here you can copy people now it will offer you a lot of options and you can utilize the system to really search for somebody that you expensive in fact following so let’s see possibly we desire somebody from unified kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has met that criteria and it does give you a danger aspect 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 individuals that have rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to guarantee so do keep that in mind and as easy 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 way to really deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually 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 absolutely like kind of into those blue box and the tech market she’s got a few of mine actually that i buy too which is excellent so actually for me understanding what i like to invest in my private 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 bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production business as that. Etoro Vidt.
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