We get this a lot on our site and the answer to How Many Etoro Accounts Can You Have….Questions that i hear from brand-new investors what if you’re brand new to investing you merely do not wish to decide what you in fact want to invest and you want somebody to do it for you there’s just a couple of manner ins which that can occur the firstly you can employ a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is of course you can buy mutual funds specific funds are developed 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 rather sophisticated you can do cfds which of course cfds are ways of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t just assume due to the fact that 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 consider that option 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 of course your capital is at threat this is investing we’re doing you’re buying genuine business if you select to in this particular video we’re speaking about how to copy other individuals’s investments with your money so undoubtedly your capital is at danger and we need 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 buy these choices due to the fact that you believe is the ideal ones for you which being stated let’s dive directly 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 probably.
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famous for it’s the choice to see what other traders are doing extraordinary we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can actually state i want to do precisely what that trader is doing or match that exact portfolio of options and essentially whenever they make a trade they purchase they offer whatever they do your cash will be simulated with it so that suggests if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs involved actually crucial you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are real business 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 really buying and selling etfs or funds private commodities individual stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds 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 start buying copy trading or copy portfolios and finally some finest recommendations best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s start with fees actually essential to understand these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling fine so commission costs are totally free however there are a number of other charges the very first one is withdrawal costs so you can obviously put cash in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future however when you wish to withdraw your money so you offer your shares you offer your commodities whatever you’re selling the minimum amount 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 certain that i’m only withdrawing when i definitely need to now you may say all right that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are simply among those alternatives that they have a great deal of platforms undoubtedly are 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 as soon as every 6 months you know depends completely how you’re investing but that is a fee to remember the 2nd cost that i have actually discussed is that conversion fee now with you’re handling us dollars only there’s not an alternative to buy in euros or uk which’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading two and 2 open market anybody this is standard they have i suppose stuck with whatever fee they charge for that conversion rate you kind of have to accept you know if you want to utilize their platform go from uk to us then that conversion charge exists what are they in fact 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 say provide me us dollars rather you need to pay their costs now the terrific thing about though when you have actually transformed your money you do not have to invest it immediately 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 takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s truly good using that part of their site will not certainly restrict you in any way nevertheless we need to understand two other charges the very first being what’s called spread charges all right and i’m going to show you what i indicate on now a spread charge 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 price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that really means that when you want to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current cost of tesla is the worth of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to offer so they’re going to provide you less back with your sale and you state okay well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread out charges it’s generally incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a bit money now the last accomplishment is called an
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over night cost now this is truly important if you’re really utilizing cfds yourself too an overnight fee is when you’re not doing that buy offer transaction in the very same day alright there’s then an over night cost charged and even if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which implies you’re in fact buying the precise property rather than using leverage anyhow you will not get hit with these costs but these charges are if you’re using leverage and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you go into the aid area this isn’t the over night costs 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 overnight or you’re doing over weekends which only uses as i said to cfds there are some additional charges naturally depending on what you are investing in too this is on your own so keep that in mind however full fees are totally within their aid details all right and we discussed in addition to 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 five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of really using these copy operates they do not have any extra charges on top of the normal costs that
exist now what you need to keep in mind though is these possibly handled by other individuals completely or in some cases have developed portfolios you have actually got a genuine person doing the management you need to ensure you choose the person that’s right for you much like any kind of work this is your financial assets so we definitely require to ensure it’s the ideal 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 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 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 need 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 however actually buy 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 a fantastic alternative for you once again to test the theories fine you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe have fun with it obviously you may have missed out on gains and losses during that time of course if you had actually invested your real cash it permits 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 genuine portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember before you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i indicate by that undoubtedly 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 just implies am i okay with possibly losing an excellent amount of this financial investment or gaining as
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well now remember whatever is downs and ups you will generate income you’ll lose cash that’s why they make the figure 75 people will lose cash however that similarly suggests they’ll lose at some time in their journey obviously individuals do earn money also and i’ve got videos everything about how you can make certain you’re one of the people to actually earn money but in this scenario ensure you research your danger level would you be alright offering your money to someone else which is successfully what you’re doing and trusting them make sure you comprehend what they’re purchasing fully if you’re somebody who isn’t wishing to be that risky don’t choose somebody who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong commodities
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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 very same with who you’re following now as i state you can actually use this too actually easily over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to actually search for somebody that you expensive really following so let’s see possibly we desire someone from unified kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a good amount and i can discover everyone who has actually met that requirements and it does offer you a risk aspect also 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 people that have rather high returns
bear in mind 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 other way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to validate are you alright 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 in fact deep dive into what is she really 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 good to understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got some of mine really that i invest in too which is excellent so in fact 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 chooses she’s likewise got a bit more um of the type of primary food business and you have actually got you know pharmaceutical and production companies as that. How Many Etoro Accounts Can You Have.
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