We get this a lot on our site and the answer to How To Copy The Best Traders On Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you merely do not want to decide what you actually want to invest and you want someone to do it for you there’s just a number of ways that that can take place the firstly you can hire an investment portfolio manager they’ll normally charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can purchase mutual funds specific funds are developed 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 as well now if you’re brand new to an overall please keep in mind this platform is quite innovative you can do cfds which of course cfds are methods 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 presume since i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that option also so you in fact get used to the structure of the site and after that when you’re ready to utilize 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 genuine business if you pick to in this specific video we’re talking about how to copy other people’s investments with your cash so certainly your capital is at danger and we have to bear that in mind do not just do something because that person has said they’ve made earnings 14 months in a row purchase these options since you think is the ideal ones for you and that being said let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one element that is probably.
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popular for it’s the choice to see what other traders are doing unbelievable we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can actually state i wish to do precisely what that trader is doing or match that precise portfolio of choices and basically every time they make a trade they buy they offer whatever they do your cash will be simulated with it so that means if for example 10 of their financial 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 costs included truly crucial you understand what are the expenses of this now with any platform there will be some expense to certainly these are genuine 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 absolutely no cost sites then may not charge you for really buying and selling funds or etfs specific commodities individual stocks.
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there’ll be fees on other parts maybe 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 charges with in particular in this video the next would be things to know prior to you really begin investing in copy trading or copy portfolios and finally some best guidance finest practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s start with charges actually important to understand these now on there’s a couple of fees there isn’t charges to do with actually buying and selling okay so commission costs are complimentary however there are a number of other costs the first one is withdrawal fees so you can certainly put money in now if you’re in the uk we put our uk money.
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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 cash so you sell your shares you sell your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m just withdrawing when i absolutely need to now you might state okay that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are just among those choices that they have a great deal of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every 6 months you understand depends entirely how you’re investing but that is a fee to bear in mind the second fee that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an alternative 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 buying and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading 2 and 2 free trade anybody this is standard they have i expect stuck with whatever fee they charge for that conversion rate you sort of have to accept you understand if you want to utilize their platform go from uk to us then that conversion fee is there what are they actually offering you in terms of 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 state provide me us dollars instead you need to pay their fees now the great thing about though when you have actually transformed 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 implies 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 extra costs so that’s truly good using that part of their site will not certainly restrict you in any way however we need to be aware of two other charges the very first being what’s called spread costs okay and i’m going to reveal you what i suggest on now a spread cost as i’m going to reveal you
on is essentially the difference that is part of the investment platform in between the buy cost 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 site today tesla’s dollar value 599 per share in tesla that in fact implies that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me show 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 everywhere this is another way that they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase than it is to sell so they’re going to offer you less back with your sale and you state alright well why does that occur it simply 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 wish to offer it and that is how they make a bit of cash on those spread out charges it’s normally extremely small it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a little bit money now the last feat 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 charge is when you’re refraining from doing that buy sell transaction in the same day alright there’s then an over night fee charged and even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one leverage which implies you’re actually buying the specific asset instead of using leverage anyway you will not get hit with these fees however these charges are if you’re using take advantage of 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 state if you go into the help section this isn’t the over night fees details you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which just uses as i said to cfds there are some service charges of course depending upon what you are buying also this is on your own so keep that in mind but full costs are totally within their help details fine and we discussed along with complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of in fact using these copy works they don’t have any extra charges on top of the normal charges that
are there now what you need to keep in mind though is these potentially handled by other individuals entirely or sometimes have actually produced portfolios you have actually got a genuine individual doing the management you need to make certain you choose the person that’s right for you similar to any kind of work this is your financial possessions so we definitely require to make sure it’s the ideal 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’ve got a couple of various choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your credit card details or anything you can essentially have this virtual portfolio simulate as if you are using your own cash but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine money perhaps this is a great alternative for you once again to evaluate the theories okay you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe play with it obviously you might have missed out on gains and losses during that time naturally if you had invested your genuine money it enables you to build confidence understand 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 actually how to copy people 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 risk profile is now what do i suggest 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 simply means am i okay with possibly losing a good quantity of this financial investment or getting as
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well now keep in mind everything is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 individuals will lose cash however that similarly means they’ll lose at some point in their journey obviously individuals do generate income as well and i’ve got videos all about how you can make sure you are among the people to actually generate income however in this situation make certain you research your risk level would you be okay offering your cash to somebody else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re investing in fully if you’re someone who isn’t wishing to be that dangerous don’t pick somebody who’s totally into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products
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like gold or even oil plus more conventional 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 state you can actually use this too truly quickly over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to really look for someone that you expensive really following so let’s see perhaps we want somebody from unified kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has satisfied that criteria and it does offer you a danger factor also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people that have quite high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to verify are you alright with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she in fact investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got a few of mine actually that i purchase too which is excellent so actually for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production business as that. How To Copy The Best Traders On Etoro.
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