We get this a lot on our site and the answer to How Does Etoro Sell Data….Concerns that i speak with new financiers what if you’re brand new to investing you merely do not wish to choose what you in fact want to invest and you desire someone to do it for you there’s just a couple of ways that that can happen the first of all you can work with an investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is naturally you can purchase mutual funds specific funds are developed once 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 remember this platform is rather innovative you can do cfds which obviously cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning more about please do study the platform don’t just assume since i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that choice as well so you in fact get utilized to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re buying real business if you select to in this specific video we’re speaking about how to copy other people’s investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not simply do something because that individual has stated they’ve made revenue 14 months in a row buy these choices due to the fact that 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 belongs to social trading which is one element that is most likely.
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famous for it’s the alternative to see what other traders are doing extraordinary we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can really say i want to do precisely what that trader is doing or match that exact portfolio of options and generally whenever they make a trade they buy they sell whatever they do your money will be mimicked with it so that implies 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 fees included actually critical you understand what are the costs of this now with any platform there will be some cost to obviously these are real 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 charge websites then may not charge you for in fact buying and selling etfs or funds private products individual stocks.
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there’ll be charges on other parts perhaps 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 reveal you the charges with in particular in this video the next would be things to know prior to you really start buying copy trading or copy portfolios and lastly some finest recommendations finest practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s kick off with charges really essential to understand these now on there’s a number of charges there isn’t charges to do with really buying and selling fine so commission charges are complimentary however there are a number of other costs the first one is withdrawal costs so you can clearly put money in now if you remain 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 on but when you want to withdraw your cash so you offer your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m just withdrawing when i definitely require to now you might say okay that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are just among those alternatives that they have a great deal of platforms clearly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every 6 months you understand depends entirely how you’re investing however that is a fee to keep in mind the 2nd cost that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’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 buying and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading two and 2 open market anyone at all this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you sort of need to accept you know if you wish to utilize their platform go from uk to us then that conversion cost is there what are they in fact 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 give me us dollars rather you need to pay their charges now the terrific thing about however when you’ve transformed your money you do not have to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s actually good using that part of their site won’t definitely limit you in any way nevertheless we have to be aware of 2 other fees the very first being what’s called spread fees okay and i’m going to reveal you what i suggest on now a spread charge as i’m going to reveal you
on is generally the distinction that becomes part of the financial investment platform between the buy rate and the sale price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that in fact indicates that when you wish to sell or buy as you can see it’s not the cost 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 distinction then really to purchase that share on the platform and you’ll find this all over this is another manner in which they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind clearly 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 state alright well why does that occur 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 wish to sell it and that is how they make a little bit of cash on those spread out charges it’s typically exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit money now the last feat is called an
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over night fee now this is truly important if you’re in fact using cfds yourself too an over night cost is when you’re not doing that buy sell deal in the same day all right there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one leverage which suggests you’re actually purchasing the specific asset instead of utilizing take advantage of anyway you will not get hit with these fees but these fees are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you go into the assistance section this isn’t the overnight fees info 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 just uses as i said to cfds there are some service charges naturally depending upon what you are buying also this is on your own so keep that in mind but full fees are totally within their help info alright and we discussed in addition to complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product 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 two different ways of in fact using these copy works they do not have any additional costs on top of the regular fees that
are there now what you require to remember though is these possibly managed by other people totally or sometimes have actually created portfolios you have actually got a genuine person doing the management you need to make certain you select the individual that’s right for you similar to any type of work this is your monetary possessions so we absolutely require to make sure it’s the best individual for us prior to 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 different alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your credit card details or anything you can basically have this virtual portfolio mimic as if you are utilizing your own cash however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real cash perhaps this is a great alternative for you again to test the theories alright you may wish to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe play with it obviously you may have lost out on gains and losses during that time obviously if you had actually invested your real money 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 pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i suggest by that clearly 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 just suggests am i alright with possibly losing an excellent amount of this financial investment or getting as
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well now remember whatever is ups and downs you will make money you’ll lose money that’s why they make the fact 75 individuals will lose cash however that similarly means they’ll lose at some time in their journey undoubtedly people do make money too and i have actually got videos everything about how you can make certain you are among individuals to actually earn money but in this situation make certain you research your threat level would you be all right providing your cash to somebody else which is effectively what you’re doing and trusting them make certain you understand what they’re buying totally if you’re somebody who isn’t wanting to be that risky do not choose someone who’s completely into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong products
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like gold and even oil plus more traditional etfs and index funds you may not desire 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 truly quickly over here you can copy individuals now it will give you a lot of options and you can utilize the system to really look for somebody that you elegant in fact following so let’s see possibly we desire somebody from unified kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everyone who has satisfied that criteria and it does provide you a threat aspect too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they might 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 understand ask you to validate are you okay with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she actually purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got some of mine really that i buy too which is good so really for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the kind of primary food business and you’ve got you understand pharmaceutical and production companies as that. How Does Etoro Sell Data.
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