We get this a lot on our site and the answer to How To Know My Etoro Account Creation Date….Questions that i speak with brand-new investors what if you’re brand new to investing you merely do not wish to decide what you really want to invest and you desire somebody to do it for you there’s only a number of manner ins which that can happen the firstly you can employ an investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps one or two percent of your profits will go to them the other thing is obviously you can purchase mutual funds specific funds are created 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 also now if you’re brand new to an overall please bear in mind this platform is quite innovative 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 learning about please do study the platform do not just presume because i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that choice also so you really get utilized to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re purchasing real companies if you choose to in this particular video we’re speaking about how to copy other people’s financial investments with your money so certainly your capital is at threat and we need to bear that in mind do not just do something because that person has actually stated they’ve made profit 14 months in a row invest in these options because you believe is the best ones for you which 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’s part of social trading which is one element that is probably.
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famous for it’s the alternative to see what other traders are doing incredible we don’t typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can actually say i want to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially whenever they make a trade they purchase they offer whatever they do your money will be mimicked with it so that means 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 fees included actually crucial you comprehend what are the expenses of this now with any platform there will be some expense to certainly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the zero fee websites then may not charge you for in fact buying and selling etfs or funds individual products specific stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges 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 before you actually begin purchasing copy trading or copy portfolios and finally some best guidance finest practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s begin with charges really essential to comprehend these now on there’s a couple of fees there isn’t charges to do with actually buying and selling fine so commission charges are totally free nevertheless there are a number of other costs the very first one is withdrawal costs so you can undoubtedly put cash in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your cash so you sell your shares you offer your commodities 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 naturally knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you might state alright that’s quite 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 fees are just among those choices that they have a lot of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every 6 months you know 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 handling us dollars only there’s not a choice to purchase in euros or uk and that’s fine that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize 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 type of have to accept you know if you wish to use their platform go from uk to us then that conversion cost is there what are they really providing 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 give me us dollars instead you need to pay their costs now the great thing about however when you’ve converted your money you do not have to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the initial day that you purchase or convert 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 excellent utilizing that part of their site won’t definitely limit you in any way however we need to know 2 other charges the very first being what’s called spread fees alright and i’m going to show you what i indicate on now a spread fee 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 all right it’s their premium on doing both those 2 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 really suggests that when you wish to buy or sell as you can see it’s not the cost you’re seeing up here let me show you that once again so the present rate of tesla is the worth of a share what’s called spread costs is the distinction then in fact 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 make money from you every 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 offer you less back with your sale and you say okay 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 want to sell it and that is how they make a little bit of money on those spread out fees it’s usually incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit cash now the last feat is called an
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over night fee now this is truly crucial if you’re in fact using cfds yourself also an over night cost is when you’re not doing that buy offer deal in the very same day fine there’s then an over night cost charged or 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 commodity and utilizing time one take advantage of which means you’re actually purchasing the specific property instead of using take advantage of anyhow you won’t get hit with these charges however these costs are if you’re using leverage and cfds and after that 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 assistance area this isn’t the overnight fees info 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 only uses as i said to cfds there are some surcharges naturally depending on what you are investing in too this is on your own so keep that in mind but complete charges are completely within their assistance details alright and we discussed along with complimentary to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of really using these copy works they don’t have any extra costs on top of the regular charges that
exist now what you need to keep in mind though is these potentially handled by other individuals totally or sometimes have actually produced portfolios you’ve got a real individual doing the management you need to ensure you choose the individual that’s right for you just like any line of work this is your monetary properties so we absolutely need to make certain it’s the best individual for us before we copy them so the first things i would call it if you do want to use this function we have actually got a couple of various choices 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 money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your charge card information or anything you can basically have this virtual portfolio mimic as if you are using your own money but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money perhaps this is a great choice for you once again to check the theories fine you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe have fun with it certainly you may have missed out on gains and losses throughout that time of course if you had invested your real money it enables you to construct confidence comprehend the platform so that’s one choice 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 people 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 certain you understand what your risk profile is now what do i imply by that clearly 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 run the risk of simply implies am i fine with possibly losing a good quantity of this financial investment or gaining as
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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 people will lose money but that similarly suggests they’ll lose eventually in their journey obviously individuals do generate income as well and i have actually got videos everything about how you can ensure you’re one of the people to really earn money but in this circumstance make certain you research study your threat level would you be alright giving your cash to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re buying totally if you’re somebody who isn’t wanting to be that dangerous don’t select somebody who’s completely into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or perhaps 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 say you can really utilize this too really quickly over here you can copy people now it will offer you a great deal of choices and you can utilize the system to in fact search for somebody that you elegant actually following so let’s see possibly we want someone from unified kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can find everybody who has fulfilled that requirements and it does provide you a danger element as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not suggest 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 basic as clicking the copy button and off you go and then you understand ask you to verify are you alright with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she in fact buying so let’s go 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 kind of into those blue box and the tech market she’s got some of mine in fact that i buy too which is excellent so actually for me understanding what i like to purchase my individual 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 little bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production companies as that. How To Know My Etoro Account Creation Date.
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