We get this a lot on our site and the answer to How To Earn Money Using Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you just do not wish to choose what you actually want to invest and you desire someone to do it for you there’s just a number of manner ins which that can happen the firstly you can employ a financial investment portfolio supervisor they’ll typically 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 purchase mutual funds particular funds are produced 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 obviously cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re learning about please do study the platform do not simply assume because i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that choice as well so you in fact get utilized to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re purchasing real companies if you choose to in this specific video we’re discussing how to copy other people’s investments with your money so obviously your capital is at danger and we need to bear that in mind do not just do something since that individual has stated they have actually made revenue 14 months in a row invest in these options due to the fact that you think is the ideal ones for you and that being stated let’s dive straight 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 most likely.
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well-known for it’s the alternative to see what other traders are doing incredible we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can actually say i wish to do precisely what that trader is doing or match that precise portfolio of choices and basically each time they make a trade they buy they sell whatever they do your cash will be imitated 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 involved truly critical you understand what are the expenses of this now with any platform there will be some cost to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the no cost sites then may not charge you for really buying and selling etfs or funds individual products specific stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing 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 charges with in particular in this video the next would be things to understand prior to you really begin buying copy trading or copy portfolios and finally some best guidance best practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s start with costs actually important to comprehend these now on there’s a number of fees there isn’t costs to do with really buying and selling fine so commission costs are complimentary nevertheless there are a couple of other costs the first one is withdrawal fees 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 instantly converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your money so you offer your shares you offer your commodities whatever you’re offering the minimum quantity 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 ensure that i’m only withdrawing when i absolutely require to now you may say fine that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are simply one of those options that they have a lot of platforms obviously are totally 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 when every six months you understand depends entirely how you’re investing however that is a cost to keep in mind the second charge that i have actually discussed is that conversion fee 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 great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and 2 free trade anybody this is standard they have i expect stuck with whatever charge they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion fee exists what are they in fact giving 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 offer me us dollars instead you have to pay their costs now the terrific feature of however when you’ve converted your money you do not need to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that means 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 additional fees so that’s really excellent utilizing that part of their site will not definitely restrict you in any way however we have to know 2 other costs the first being what’s called spread fees alright and i’m going to reveal you what i imply on now a spread charge as i’m going to show you
on is essentially the difference that becomes part of the financial investment platform between the buy price and the sale price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that actually implies that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing price of tesla is the worth of a share what’s called spread costs is the difference then actually to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you each time you do a purchaser’s share so keep that in mind clearly it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you say alright well why does that occur it simply 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 little bit of cash on those spread out charges it’s typically extremely little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit money now the last feat is called an
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overnight fee now this is actually essential if you’re really using cfds yourself also an overnight cost is when you’re not doing that buy sell transaction in the very same day fine there’s then an over night charge charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which means you’re in fact buying the specific property instead of using leverage anyway you will not get hit with these fees but these charges are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s say if you enter into the help section this isn’t the overnight charges information you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which just uses as i said to cfds there are some additional charges naturally depending upon what you are purchasing also this is on your own so keep that in mind but full costs are completely within their assistance info fine and we spoke about along with free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular 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 two various methods of actually utilizing these copy operates they don’t have any extra costs on top of the regular fees that
are there now what you require to remember though is these possibly managed by other individuals completely or in some cases have actually produced portfolios you have actually got a genuine individual doing the management you have to make certain you pick the individual that’s right for you much like any type of work this is your monetary assets so we absolutely need to make sure it’s the ideal person for us before 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 options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual means 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 need to put in your charge card information or anything you can basically have this virtual portfolio simulate as if you are using your own cash however in fact buy 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 fantastic choice for you once again to check the theories fine you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to type of safe have fun with it obviously you might have lost out on gains and losses throughout that time of course if you had invested your genuine cash it permits you to construct self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to keep in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i mean by that clearly 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 suggests am i alright with possibly losing a great quantity of this investment or acquiring as
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well now keep in mind whatever is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 people will lose cash but that equally means they’ll lose at some time in their journey undoubtedly people do earn money also and i’ve got videos all about how you can make sure you are among individuals to in fact earn money but in this circumstance ensure you research study your danger level would you be alright providing your cash to another person which is effectively what you’re doing and trusting them make certain you understand what they’re purchasing completely if you’re someone who isn’t wanting to be that risky do not select somebody who’s completely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold or even oil plus more conventional 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 utilize this too actually easily over here you can copy people now it will offer you a great deal of choices and you can use the system to in fact search for somebody that you elegant actually following so let’s see possibly we desire someone from united kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds an excellent amount and i can find everybody who has actually met that requirements and it does provide you a risk element too 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
remember it’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to confirm are you alright with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she in fact investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got a few of mine actually that i purchase too which is good so really for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the type of main food companies and you have actually got you understand pharmaceutical and production companies as that. How To Earn Money Using Etoro.
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