We get this a lot on our site and the answer to Etoro Wallet To Other Wallet….Concerns that i hear from brand-new financiers what if you’re brand new to investing you simply don’t want to decide what you actually wish to invest and you desire somebody to do it for you there’s only a number of ways that that can happen the first of all you can hire an investment portfolio manager they’ll usually 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 purchase mutual funds specific 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 too now if you’re brand new to an overall please bear in mind this platform is rather advanced you can do cfds which naturally 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 presume because i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they give that option as well so you actually get utilized 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 of course your capital is at risk this is investing we’re doing you’re purchasing genuine companies if you pick to in this specific video we’re speaking about how to copy other people’s financial 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 said they’ve made earnings 14 months in a row invest in these choices because you believe is the best ones for you which being stated let’s dive directly 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 most likely.
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well-known for it’s the choice to see what other traders are doing extraordinary we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can in fact state i want to do exactly what that trader is doing or match that exact portfolio of alternatives and basically every time they make a trade they purchase they offer whatever they do your cash will be simulated 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 money in so we’re going to likewise cover is the costs involved really vital you understand what are the expenses of this now with any platform there will be some expense to obviously these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the zero cost sites then might not charge you for actually buying and selling funds or etfs individual products individual stocks.
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there’ll be costs on other parts possibly 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 costs with in particular in this video the next would be things to understand before you in fact start purchasing copy trading or copy portfolios and lastly some finest recommendations finest practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s begin with costs actually important to understand these now on there’s a number of fees there isn’t fees to do with really buying and selling all right so commission fees are free nevertheless there are a couple of other charges the very first one is withdrawal charges so you can obviously put cash 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 later on but when you wish to withdraw your money so you sell your shares you offer your commodities 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 ensure that i’m only withdrawing when i absolutely require to now you may state alright that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are just one of those choices that they have a great deal of platforms clearly are totally 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 once every six months you know depends completely how you’re investing however that is a cost to bear in mind the 2nd cost that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not an option 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 anyhow or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading two and 2 free trade anyone at all this is standard they have i suppose stuck with whatever fee they charge for that conversion rate you sort of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee exists 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 say offer me us dollars instead you have to pay their charges now the great feature of though when you’ve transformed your money you do not have to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s actually good utilizing that part of their website will not certainly restrict you in any way however we have to be aware of two other fees the first being what’s called spread costs alright and i’m going to reveal you what i mean on now a spread cost as i’m going to show you
on is generally the distinction that belongs to the investment platform in between the buy rate and the 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 indicates that when you want to offer or buy as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present price of tesla is the value of a share what’s called spread fees is the distinction then actually to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of make money from you each time you do a buyer’s share so keep that in mind certainly it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you say alright 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 sell it which is how they make a bit of cash on those spread out costs it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a little bit cash now the last accomplishment is called an
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over night charge now this is truly important if you’re in fact utilizing cfds yourself too an over night cost is when you’re refraining from doing that buy offer deal in the very same day okay there’s then an over night fee charged and even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which means you’re actually buying the precise possession instead of utilizing leverage anyway you will not get hit with these charges but these costs are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you enter into the assistance section this isn’t the overnight fees information you can see precisely the breakdown and it’ll inform 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 applies as i said to cfds there are some service charges naturally depending upon what you are purchasing as well this is on your own so keep that in mind however complete charges are totally within their assistance information okay 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 typical commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of actually using these copy works they don’t have any extra costs on top of the typical fees that
exist now what you need to remember though is these potentially handled by other individuals entirely or sometimes have actually produced portfolios you’ve got a real individual doing the management you have to ensure you choose the individual that’s right for you just like any profession this is your monetary properties so we absolutely need to ensure it’s the best individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a number of various choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual means i think 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 credit card details or anything you can generally have this virtual portfolio imitate as if you are using 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 real cash possibly this is an excellent option for you again to evaluate the theories alright you may want to purchase tesla or apple or this etf why not utilize the virtual choice as a way to type of safe have fun with it obviously you may have lost out on gains and losses during that time obviously if you had invested your genuine cash it permits you to build self-confidence understand the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy individuals 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 ensure you understand what your danger profile is now what do i mean by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk just indicates am i all right with potentially losing a good amount of this financial investment or gaining as
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well now keep in mind whatever is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 people will lose money however that similarly implies they’ll lose at some time in their journey certainly people do generate income as well and i’ve got videos everything about how you can make certain you’re one of the people to actually make money however in this situation make certain you research your risk level would you be fine giving your cash to somebody else which is successfully what you’re doing and trusting them ensure you understand what they’re purchasing totally if you’re somebody who isn’t wanting to be that risky do not select someone who’s entirely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong products
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like gold or perhaps oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact use this too actually quickly over here you can copy people now it will give you a lot of options and you can utilize the system to really look for someone that you expensive in fact following so let’s see perhaps we desire someone from unified kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everyone who has fulfilled that requirements and it does give you a danger aspect also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have quite 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 four or minus 50 there’s no chance to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to confirm are you okay with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she in fact purchasing 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 good to know ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got some of mine actually that i purchase too which is good so actually for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s likewise got a little bit more um of the type of primary food business and you have actually got you know pharmaceutical and production business as that. Etoro Wallet To Other Wallet.
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