We get this a lot on our site and the answer to Etoro Wallet Ada Cardano….Questions that i speak with new financiers what if you’re brand new to investing you simply do not want to choose what you in fact wish to invest and you want somebody to do it for you there’s only a couple of manner ins which that can take place the first of all you can hire a financial investment portfolio manager they’ll generally charge a rather a high premium to do that maybe one or two percent of your revenues will go to them the other thing is obviously you can buy mutual funds specific 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 as well now if you’re brand new to a total please bear in mind this platform is rather sophisticated you can do cfds which obviously cfds are ways of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform don’t simply assume since 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 choice as well so you actually get used to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in genuine business if you choose to in this particular video we’re talking about how to copy other people’s investments with your cash so obviously your capital is at threat and we have to bear that in mind do not simply do something since that person has stated they have actually made profit 14 months in a row buy these options due to the fact that you believe is the ideal ones for you and that 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 element that is probably.
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famous for it’s the choice to see what other traders are doing unbelievable we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can really state i want to do exactly what that trader is doing or match that exact portfolio of alternatives and essentially every time they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that implies if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the charges involved really crucial you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are real companies 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 charge websites then might not charge you for really buying and selling etfs or funds individual 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 type of costs associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand before you actually begin purchasing copy trading or copy portfolios and lastly some best guidance best practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s begin with charges truly essential to comprehend these now on there’s a couple of costs there isn’t charges to do with really buying and selling okay so commission charges are free nevertheless there are a number of other charges the very first one is withdrawal charges so you can undoubtedly 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 in the future but when you wish to withdraw your money so you sell 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 of course knowing that i’m going to make certain that i’m just withdrawing when i absolutely require to now you might state okay that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are simply among those options that they have a lot of platforms undoubtedly are complimentary 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 once every 6 months you understand depends entirely how you’re investing however that is a charge to bear in mind the 2nd fee that i have actually touched upon is that conversion fee now with you’re handling us dollars only there’s not an alternative to buy in euros or uk and that’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 purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading 2 and two free trade anybody this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you kind of need to accept you understand if you want to utilize their platform go from uk to us then that conversion fee exists what are they actually providing 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 provide me us dollars instead you have to pay their costs now the terrific thing about however when you have actually converted your money you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means 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 costs so that’s actually excellent using that part of their site won’t certainly restrict you in any way nevertheless we have to understand 2 other charges the first being what’s called spread charges fine and i’m going to show you what i indicate on now a spread cost as i’m going to show you
on is generally the difference that belongs to the investment platform in between the buy cost and the list 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 actually indicates that when you wish to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that again so the present price of tesla is the value of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll find this all over this is another manner in which they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to offer so they’re going to provide you less back with your sale and you say fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to sell it which is how they make a little bit of cash on those spread out charges it’s normally extremely little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit money now the last accomplishment is called an
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over night charge now this is actually crucial if you’re actually using cfds yourself also an over night cost is when you’re refraining from doing that buy sell transaction in the very same day fine there’s then an overnight cost charged and 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 actually buying out the etf the stock the product and using time one take advantage of which implies you’re really buying the specific property instead of using utilize anyhow you won’t get hit with these fees however these fees are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s say if you go into the aid area this isn’t the over night fees details 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 overnight or you’re doing over weekends and that only applies as i stated to cfds there are some added fees naturally depending upon what you are buying too this is on your own so keep that in mind but full charges are totally within their aid information fine and we spoke about along with totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different ways of really using these copy functions they do not have any additional charges on top of the regular fees that
exist now what you require to bear in mind though is these possibly managed by other people entirely or in some cases have actually produced portfolios you have actually got a real individual doing the management you have to make sure you select the person that’s right for you just like any profession this is your financial properties so we definitely need to make sure it’s the best person for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a number of different choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun 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 simulate as if you are using your own cash however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash maybe this is a great choice for you again to test the theories okay you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe have fun with it undoubtedly you might have lost out on gains and losses throughout that time of course if you had invested your real cash it permits you to develop confidence comprehend 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 really how to copy people and copy portfolios now here’s something to keep in mind before you select somebody 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 financial investments the riskier you can be run the risk of simply means am i alright with possibly losing an excellent amount of this investment or acquiring as
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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 people will lose cash however that similarly suggests they’ll lose at some point in their journey undoubtedly people do generate income too and i’ve got videos all about how you can ensure you are among individuals to actually earn money however in this situation ensure you research study your threat level would you be fine providing your cash to somebody else which is successfully what you’re doing and trusting them ensure you comprehend what they’re investing in totally if you’re someone who isn’t wishing to be that dangerous do not pick somebody who’s entirely into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities
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like gold and even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually use this too actually easily over here you can copy people now it will offer you a great deal of options and you can use the system to in fact look for someone that you expensive actually following so let’s see possibly we desire someone from united kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can discover everybody who has met that requirements and it does offer you a danger factor 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 variety of people that have quite high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not suggest somebody 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 know ask you to confirm are you all right with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she really buying 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 good to know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine actually that i invest in too which is good so really for me understanding what i like to invest in 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 also got a bit more um of the sort of primary food business and you have actually got you know pharmaceutical and production business as that. Etoro Wallet Ada Cardano.
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