We get this a lot on our site and the answer to Etoro Wallet Zu Hardware Wallet….Concerns that i speak with brand-new investors what if you’re brand new to investing you merely do not wish to choose what you actually wish to invest and you want someone to do it for you there’s just a couple of ways that that can occur the first off you can employ an investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are created once 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 too now if you’re brand new to a total please bear in mind 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 full amount of capital so with anything that you’re discovering please do study the platform don’t just assume due to the fact that i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that choice too so you in fact get used to the structure of the site 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 buying real business if you choose to in this specific video we’re discussing how to copy other individuals’s financial investments with your cash so clearly your capital is at risk and we need to bear that in mind do not just do something since that individual has actually stated they’ve made profit 14 months in a row buy these choices since you believe is the best ones for you and that being stated let’s dive straight in [Music] so 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 probably.
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popular for it’s the alternative to see what other traders are doing unbelievable we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can actually state i want to do exactly what that trader is doing or match that specific portfolio of choices and generally every time they make a trade they buy they offer whatever they do your cash 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 money in so we’re going to also cover is the costs involved really crucial you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are real companies 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 fee sites then might not charge you for really buying and selling funds or etfs private products specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you really start purchasing copy trading or copy portfolios and finally some best advice finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s kick off with costs really essential to understand these now on there’s a number of fees there isn’t fees to do with actually buying and selling all right so commission charges are totally free however there are a number of other fees the first one is withdrawal charges so you can certainly put money in now if you remain in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you want 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 5 dollars per withdrawal so for me naturally knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you might state all right that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal fees are just one of those choices that they have a great deal of platforms obviously are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you understand depends totally how you’re investing however that is a cost to keep in mind the 2nd cost that i have actually touched upon is that conversion charge now with you’re handling us dollars just there’s not an option to purchase in euros or uk and that’s fine 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 charge now when you utilize anyone so if you’re using trading two and two open market anybody this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you type of have to accept you know if you wish to utilize their platform go from uk to us then that conversion fee exists what are they really giving you in terms of your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and state give me us dollars rather you need to pay their fees now the fantastic aspect of though when you have actually converted your money you do not have to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the initial 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 extra fees so that’s actually great utilizing that part of their website won’t certainly limit you in any way nevertheless we have to understand 2 other costs the first being what’s called spread costs alright and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is basically the distinction that is part of the investment platform between the buy price 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 site today tesla’s dollar value 599 per share in tesla that really indicates that when you wish to buy 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 current price of tesla is the value of a share what’s called spread fees is the distinction then really to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of profit from you each time you do a buyer’s share so keep that in mind certainly it’s more pricey to buy than it is to offer so they’re going to offer you less back with your sale and you state 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 offer it and that is how they make a little bit of cash on those spread 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 bit money now the last feat is called an
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overnight fee now this is really crucial if you’re really using cfds yourself as well an over night fee is when you’re not doing that buy sell transaction in the exact same day fine there’s then an over night cost charged or even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which means you’re really purchasing the specific property instead of using take advantage of anyhow you will not get hit with these costs but these charges are if you’re utilizing leverage and cfds and after that you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you enter into the help area this isn’t the over night fees information 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 over night or you’re doing over weekends and that only applies as i stated to cfds there are some surcharges of course depending on what you are buying also this is on your own so keep that in mind however complete fees are totally within their aid details alright and we talked about in addition to totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two different ways of in fact using these copy operates they do not have any additional fees on top of the typical costs that
are there now what you need to keep in mind though is these possibly handled by other individuals entirely or often have created portfolios you have actually got a genuine individual doing the management you have to ensure you choose the individual that’s right for you much like any kind of work this is your monetary possessions so we absolutely require to make certain 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 couple of various 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 real cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your credit card information or anything you can generally have this virtual portfolio mimic 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 utilizing your genuine money perhaps this is an excellent alternative for you again to test the theories fine you may wish to purchase tesla or apple or this etf why not utilize the virtual option as a method to sort of safe have fun with it undoubtedly you may have lost out on gains and losses throughout that time obviously if you had actually 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 individuals and copy portfolios now here’s something to bear in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i indicate by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just means am i fine with possibly losing a great quantity of this investment or acquiring as
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well now keep in mind everything is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 people will lose cash but that equally means they’ll lose at some time in their journey certainly individuals do make money also and i have actually got videos all about how you can make sure you are among the people to really generate income however in this scenario make sure you research your risk level would you be alright giving your money to someone else which is successfully what you’re doing and trusting them ensure you understand what they’re purchasing completely if you’re somebody who isn’t wanting to be that dangerous do not pick somebody who’s completely into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or even oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually utilize this too really quickly over here you can copy individuals now it will offer you a great deal of choices and you can use the system to actually search for someone that you elegant really following so let’s see possibly we desire somebody from joined kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can find everybody who has actually met that criteria and it does provide you a threat factor too so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns
remember it’s like anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they could make four 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 understand ask you to validate are you all right with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she in fact buying 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 excellent to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got some of mine in fact that i invest in too which is excellent so actually for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s also got a bit more um of the sort of main food business and you have actually got you understand pharmaceutical and production business as that. Etoro Wallet Zu Hardware Wallet.
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