We get this a lot on our site and the answer to How To Send Request Etoro….Concerns that i hear from new financiers what if you’re brand new to investing you simply don’t want to choose what you in fact 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 a financial investment portfolio manager they’ll normally charge a quite a high premium to do that maybe one or two percent of your earnings will go to them the other thing is of course you can purchase mutual funds particular 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 as well now if you’re brand new to a total please remember this platform is rather innovative you can do cfds which of course cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform do not just presume since i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that alternative 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 obviously your capital is at danger this is investing we’re doing you’re buying real companies if you choose to in this specific video we’re talking about how to copy other people’s investments with your money so obviously your capital is at risk and we have to bear that in mind do not simply do something since that individual has said they have actually made earnings 14 months in a row buy these choices since you believe is the right ones for you and that being stated 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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famous for it’s the option to see what other traders are doing amazing we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can really say i want to do exactly what that trader is doing or match that specific portfolio of choices and generally whenever they make a trade they buy they offer whatever they do your money will be imitated with it so that implies if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the charges included really vital you comprehend what are the costs 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 some of the zero fee sites then may not charge you for really buying and selling funds or etfs private products private stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know prior to you actually begin buying copy trading or copy portfolios and lastly some best advice best 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 costs actually crucial to understand these now on there’s a couple of fees there isn’t costs to do with really buying and selling okay so commission costs are complimentary however there are a number of other charges the first one is withdrawal costs so you can certainly 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 want to withdraw your cash so you offer your shares you offer your products 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 knowing that i’m going to make certain that i’m just withdrawing when i definitely require to now you might say okay that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply one of those choices that they have a great deal of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every six months you know depends totally how you’re investing however that is a fee to bear in mind the second charge that i’ve touched upon is that conversion fee now with you’re handling us dollars just there’s not a choice to buy in euros or uk which’s fine 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 perhaps some crypto so i’m great with that we have what’s called the fx currency conversion charge 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 to whatever charge they charge for that conversion rate you sort of need to accept you know if you wish to use their platform go from uk to us then that conversion cost exists 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 offer me us dollars rather you need to pay their charges now the terrific thing about though when you have actually converted your cash you do not need to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that implies the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually good utilizing that part of their site will not certainly restrict you in any way nevertheless we need to understand two other costs the first being what’s called spread fees fine and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you
on is generally the difference that becomes part of the financial investment platform between the buy rate and the list 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 today tesla’s dollar worth 599 per share in tesla that really indicates that when you wish to purchase or sell as you can see it’s not the cost you’re seeing up here let me reveal you that 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 purchase that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind undoubtedly 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 say all right well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to offer it and that is how they make a little bit of cash on those spread out fees it’s generally extremely small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a little bit cash now the last feat is called an
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over night charge now this is truly important if you’re really using cfds yourself as well an over night charge is when you’re not doing that buy sell transaction in the very same day alright there’s then an overnight charge charged or even if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one utilize which implies you’re actually buying the exact property instead of utilizing utilize anyway you won’t get hit with these costs however these charges are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you enter into the help area this isn’t the over night 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 overnight or you’re doing over weekends and that just applies as i stated to cfds there are some additional charges of course depending upon what you are buying as well this is on your own so keep that in mind however full costs are completely within their help details all right and we spoke about along with free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of actually using these copy operates they don’t have any additional fees on top of the regular fees that
are there now what you need to bear in mind though is these possibly managed by other individuals completely or sometimes have developed portfolios you’ve got a real person doing the management you need to make sure you pick the individual that’s right for you similar to any kind of work this is your financial properties so we absolutely need to make certain it’s the best individual 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 couple of different options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your charge card information or anything you can basically have this virtual portfolio simulate as if you are using your own money but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money possibly this is a terrific option for you again to evaluate the theories alright you might wish to buy tesla or apple or this etf why not use the virtual alternative as a way to sort of safe have fun with it clearly you may have missed out on gains and losses throughout that time naturally if you had actually invested your real money it enables you to build self-confidence understand the platform so that’s one alternative 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 keep in mind before you choose somebody 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 imply by that certainly 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 simply suggests am i fine with possibly losing an excellent amount of this financial investment or acquiring as
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well now keep in mind whatever is downs and ups you will generate income you’ll lose cash that’s why they make the statistic 75 people will lose cash but that equally indicates they’ll lose at some point in their journey undoubtedly people do generate income also and i have actually got videos all about how you can make sure you’re one of the people to in fact earn money however in this situation make certain you research your risk level would you be okay offering your money to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re someone who isn’t wishing to be that dangerous don’t select somebody who’s entirely into crypto or currency conversion consider it you ‘d probably desire a foundation of strong commodities
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like gold or even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really utilize this too actually easily over here you can copy people now it will offer you a lot of choices and you can utilize the system to actually look for someone that you expensive actually following so let’s see possibly we want somebody from joined kingdom um who buys let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has actually fulfilled that criteria and it does offer you a risk aspect too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns
remember it resembles anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they might make four 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 confirm are you all right with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually investing in 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 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 really that i purchase too which is good so in fact for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s also got a bit more um of the type of main food companies and you’ve got you know pharmaceutical and production business as that. How To Send Request Etoro.
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