We get this a lot on our site and the answer to How To Buy Etoro….Questions that i speak with new financiers what if you’re brand new to investing you just don’t wish to choose what you in fact wish to invest and you desire someone to do it for you there’s only a number of manner ins which that can occur the firstly you can work with a financial investment portfolio manager they’ll typically charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is obviously you can buy 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 also now if you’re brand new to a total please remember this platform is rather advanced you can do cfds which obviously cfds are ways 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 do not just presume because i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they consider that choice as well so you actually get used to the structure of the website and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in genuine companies if you pick to in this specific video we’re speaking about how to copy other people’s financial investments with your cash so certainly your capital is at risk and we need to bear that in mind do not just do something since that person has stated they have actually made revenue 14 months in a row invest in these options because you think is the ideal ones for you which being said 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 probably.
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popular for it’s the option to see what other traders are doing extraordinary we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our cash we can actually say i want to do precisely what that trader is doing or match that specific portfolio of choices and basically every time they make a trade they buy they offer whatever they do your money will be mimicked with it so that indicates if for example 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 also cover is the fees involved truly critical you understand what are the costs of this now with any platform there will be some cost to clearly 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 a few of the zero cost sites then might not charge you for in fact buying and selling funds or etfs private commodities specific stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering 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 understand prior to you actually begin buying copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s start with charges actually important to understand these now on there’s a couple of charges there isn’t fees to do with actually buying and selling all right so commission costs are totally free nevertheless there are a number of other fees the very first one is withdrawal costs 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 in the future however when you want to withdraw your money so you sell your shares you offer 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 of course understanding that i’m going to make certain that i’m just withdrawing when i absolutely need to now you may state all right that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are simply one of those alternatives that they have a lot of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every six months you understand depends entirely how you’re investing but that is a fee to keep in mind the 2nd charge that i have actually touched upon is that conversion fee now with you’re handling us dollars only there’s not an alternative to purchase 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 purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and two free trade anyone at all this is basic they have i suppose stuck with whatever cost 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 charge exists 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 provide me us dollars instead you have to pay their costs now the fantastic thing about though when you have actually converted your money you do not have to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s really excellent utilizing that part of their website will not certainly restrict you in any way however we have to be aware of 2 other fees the first being what’s called spread fees all right and i’m going to show you what i mean on now a spread charge as i’m going to show you
on is basically the difference that becomes part of the investment platform in between the buy price 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 today tesla’s dollar worth 599 per share in tesla that really means that when you want to sell or buy as you can see it’s not the cost you’re seeing up here let me show you that again so the present cost of tesla is the value of a share what’s called spread fees is the difference then actually to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of make money from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to offer so they’re going to offer you less back with your sale and you say okay well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to offer it which is how they make a bit of cash on those spread charges it’s usually exceptionally 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 little bit cash now the last task is called an
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over night fee now this is truly essential if you’re in fact using cfds yourself also an overnight charge is when you’re refraining from doing that buy sell deal in the very same day fine there’s then an overnight cost charged or perhaps if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which indicates you’re in fact buying the precise possession instead of using utilize anyway you won’t get hit with these charges but these charges are if you’re utilizing leverage and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s say if you go into the assistance area this isn’t the over night charges info you can see precisely 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 just uses as i said to cfds there are some added fees obviously depending on what you are buying also this is on your own so keep that in mind however full fees are completely within their help details okay and we talked about in addition to complimentary to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal 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 various methods of really utilizing these copy functions they do not have any additional fees on top of the typical fees that
are there now what you need to remember though is these possibly managed by other individuals completely or often have actually produced portfolios you have actually got a genuine individual doing the management you have to ensure you select the person that’s right for you similar to any line of work this is your monetary possessions so we definitely require 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 wish to use this function we have actually got a number of various alternatives for us first of all 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 believe 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 essentially have this virtual portfolio mimic as if you are using 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 cash possibly this is a terrific choice for you again to check the theories okay you might want to buy tesla or apple or this etf why not use the virtual option as a way to sort of safe have fun with it certainly you might have missed out on gains and losses during that time obviously if you had invested your real cash it permits you to develop confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember prior to you select somebody 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 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 run the risk of just means am i fine with possibly losing a great quantity of this investment or getting as
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well now remember everything is downs and ups you will make money you’ll lose money that’s why they make the figure 75 people will lose money however that similarly implies they’ll lose eventually in their journey certainly individuals do generate income as well and i have actually got videos everything about how you can make certain you are among individuals to really generate income but in this circumstance ensure you research study your threat level would you be all right providing your cash to somebody else which is successfully what you’re doing and trusting them make certain you comprehend what they’re purchasing completely if you’re somebody who isn’t wishing to be that risky do not select somebody who’s completely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong commodities
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like gold and even oil plus more standard 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 say you can really utilize this too truly quickly over here you can copy individuals now it will offer you a great deal of choices and you can utilize the system to actually search for somebody that you expensive really following so let’s see perhaps we desire someone from unified kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a great amount and i can discover everyone who has fulfilled that criteria and it does offer you a threat element as well so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have rather high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to validate are you all right with this and off you go now another way 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 actually 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 understand ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine in fact that i purchase too which is great so actually for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s also 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. How To Buy Etoro.
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