We get this a lot on our site and the answer to How To Talk To Etoro….Concerns that i speak with brand-new financiers what if you’re brand new to investing you merely do not wish to choose what you actually wish to invest and you want somebody to do it for you there’s only a number of ways that that can happen the first of all you can employ an investment portfolio manager they’ll generally charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are produced once 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 remember this platform is quite 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 finding out about please do study the platform do not simply presume because i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they give that option also so you actually get utilized 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 naturally your capital is at danger this is investing we’re doing you’re purchasing genuine business if you choose to in this particular video we’re talking about how to copy other people’s investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not simply do something because that person has said they have actually made profit 14 months in a row invest in these choices since you believe is the right ones for you which being stated let’s dive straight in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is most likely.
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popular for it’s the option to see what other traders are doing incredible we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can in fact say i wish to do precisely what that trader is doing or match that exact portfolio of choices and basically every time they make a trade they buy they offer whatever they do your money will be imitated with it so that indicates if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees involved actually important you understand what are the expenses of this now with any platform there will be some cost to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no cost websites then might not charge you for actually buying and selling funds or etfs specific products specific stocks.
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there’ll be fees on other parts perhaps 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 in fact begin buying 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 more advanced financier so let’s kick off with costs truly essential to comprehend these now on there’s a number of charges there isn’t fees to do with actually buying and selling fine so commission charges are complimentary nevertheless there are a couple of other charges the very 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 immediately 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 commodities whatever you’re selling 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 only withdrawing when i definitely need to now you might state fine that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are just among those options 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 largely it can be maybe even once a year as soon as every 6 months you know depends totally how you’re investing but that is a cost to remember the second fee that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk which’s great that suits me.
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a lot 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 cost now when you utilize anyone so if you’re utilizing trading two and two free trade anybody this is standard they have i expect stuck with whatever charge they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion fee exists what are they actually 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 state give me us dollars instead you need to pay their charges now the fantastic aspect of however when you’ve converted your cash you do not need to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that implies the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s truly great using that part of their site won’t 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 suggest on now a spread fee as i’m going to show you
on is generally the distinction that is part of the investment platform between the buy cost and the 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 worth 599 per share in tesla that actually indicates 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 once again so the current cost of tesla is the worth of a share what’s called spread charges is the distinction then in fact to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of profit from you every time you do a buyer’s share so keep that in mind clearly it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you state alright well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to offer it and that is how they make a little bit of cash on those spread out fees it’s usually incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit cash now the last feat is called an
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overnight charge now this is actually essential if you’re in fact using cfds yourself too an over night cost is when you’re not doing that buy sell deal in the very same day fine there’s then an overnight charge charged or even if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one utilize which suggests you’re actually purchasing the exact asset instead of utilizing leverage anyway you won’t get hit with these charges but these fees are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you go into the aid section this isn’t the over night charges information you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only applies as i stated to cfds there are some added fees naturally depending on what you are purchasing as well this is on your own so keep that in mind but complete costs are entirely within their help details alright and we discussed as well as totally free to deposit in however there’s a five dollar charge if you want 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’ve said copy trading and copy portfolios are two various ways of really using these copy works they don’t have any additional fees on top of the typical charges that
exist now what you require to bear in mind though is these potentially handled by other individuals entirely or in some cases have actually created portfolios you’ve got a real individual doing the management you have to make certain you choose the person that’s right for you just like any type of work this is your financial properties so we absolutely need to ensure it’s the best person 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 number of various alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual ways 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 need to put in your charge card information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own cash however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is a great option for you again to check the theories fine you may wish to purchase tesla or apple or this etf why not use the virtual option as a method to sort of safe play with it undoubtedly you might have lost out on gains and losses during that time obviously if you had actually invested your real cash it allows you to build self-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 really how to copy individuals and copy portfolios now here’s something to remember prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i mean by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of just indicates am i alright with potentially losing an excellent amount of this investment or gaining as
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well now keep in mind everything is downs and ups you will generate income you’ll lose cash that’s why they make the fact 75 individuals will lose money but that similarly means they’ll lose at some point in their journey obviously individuals do generate income as well and i have actually got videos all about how you can ensure you’re one of individuals to really generate income however in this scenario ensure you research your risk level would you be fine providing your cash to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re buying fully if you’re somebody who isn’t wanting to be that dangerous don’t pick somebody who’s entirely into crypto or currency conversion consider it you ‘d probably want a foundation of strong commodities
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like gold or even 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 state you can in fact utilize this too truly easily over here you can copy people now it will give you a lot of choices and you can use the system to in fact search for somebody that you expensive in fact following so let’s see maybe we want somebody from joined kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a great amount and i can find everyone who has actually satisfied that requirements and it does offer you a risk factor too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals 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 might make four 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 then you understand ask you to confirm are you fine with this and off you go now another way to actually deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she actually purchasing 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 know ibm paypal yep she’s definitely like sort 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 really for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s also got a 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 Talk To Etoro.
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