We get this a lot on our site and the answer to How To Trade On Etoro Youtube….Questions that i speak with brand-new investors what if you’re brand new to investing you simply don’t wish to decide what you in fact wish to invest and you desire somebody to do it for you there’s just a couple of ways that that can happen the first of all you can work with a financial investment portfolio manager they’ll generally charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is of course you can buy 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 too now if you’re brand new to an overall please bear in mind 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 discovering please do study the platform do not simply presume because i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they give that alternative too so you actually get used to the structure of the website and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re investing in real companies if you select to in this specific video we’re speaking about how to copy other people’s financial investments with your cash so clearly your capital is at threat and we have to bear that in mind do not just do something since that person has actually stated they have actually made profit 14 months in a row invest in these options due to the fact that you believe is the best ones for you which being said let’s dive directly 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 most likely.
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well-known for it’s the option to see what other traders are doing amazing we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can actually say i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially whenever they make a trade they buy they offer whatever they do your money will be simulated with it so that implies if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs included truly critical you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly 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 zero charge websites then might not charge you for actually buying and selling etfs or funds specific products individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand before you really start purchasing copy trading or copy portfolios and finally some best suggestions finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s start with costs really essential to understand these now on there’s a couple of charges there isn’t costs to do with in fact buying and selling alright so commission costs are complimentary nevertheless there are a couple of other charges the first one is withdrawal costs so you can certainly put cash in now if you’re in the uk we put our uk cash.
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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 money 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 five dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m only withdrawing when i definitely need to now you might state okay that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are simply among those choices that they have a lot of platforms obviously are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every six months you understand depends entirely how you’re investing however that is a cost to remember the second fee that i’ve touched upon is that conversion cost now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’s fine that matches 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 excellent with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re using trading two and two free trade anyone at all this is standard they have i expect stuck with whatever fee 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 charge exists what are they in fact providing 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 provide me us dollars instead you have to pay their fees now the excellent feature of 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 money dollars for as long as you like so that indicates the initial 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 truly good using that part of their website won’t definitely limit you in any way however we need to be aware of 2 other costs the very first being what’s called spread fees okay and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you
on is essentially the difference that becomes part of the investment platform in between the buy cost and the price alright 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 in fact means that when you want to offer or purchase as you can see it’s not the rate you’re seeing up here let me show you that again so the current rate of tesla is the worth 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 manner in which they make a small amount of profit from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to sell so they’re going to offer you less back with your sale and you say alright well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a bit of cash on those spread fees it’s normally 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 little bit cash now the last feat is called an
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overnight fee now this is actually crucial if you’re really utilizing cfds yourself as well an over night charge is when you’re refraining from doing that buy offer deal in the very same day okay there’s then an over night cost charged or perhaps 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 product and utilizing time one take advantage of which implies you’re actually buying the exact asset rather than utilizing utilize anyway you will not get hit with these costs but these costs are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s state if you go into the assistance 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 fees then for when you’re doing over night or you’re doing over weekends and that just uses as i stated to cfds there are some service charges obviously depending upon what you are investing in as well this is on your own so keep that in mind however full charges are entirely within their aid info fine and we spoke about 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 normal product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of in fact utilizing these copy works they don’t have any extra fees on top of the regular costs that
exist now what you need to keep in mind though is these potentially managed by other people completely or often have actually created portfolios you have actually got a real individual doing the management you need to make sure you choose the individual that’s right for you similar to any line of work this is your financial assets so we definitely need to ensure 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 different choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money or a virtual platform virtual methods 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 credit card information or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money maybe this is an excellent choice for you again to evaluate the theories fine you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe play with it obviously you might have missed out on gains and losses throughout that time obviously if you had actually invested your real money it permits 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 really how to copy individuals and copy portfolios now here’s something to keep in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i mean by that undoubtedly 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 just indicates am i alright with possibly losing an excellent amount of this investment or getting as
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well now keep in mind everything is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose cash but that equally suggests they’ll lose at some time in their journey undoubtedly individuals do earn money also and i have actually got videos all about how you can make sure you’re one of individuals to actually generate income however in this situation make sure you research study your threat level would you be okay providing your money to someone else which is successfully what you’re doing and trusting them ensure you comprehend what they’re buying completely if you’re someone who isn’t wanting to be that dangerous do not choose somebody who’s totally into crypto or currency conversion think of it you ‘d probably want a backbone of strong products
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like gold or even oil plus more conventional etfs and index funds you might 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 really easily over here you can copy people now it will provide you a great deal of options and you can utilize the system to actually look for someone that you expensive actually following so let’s see perhaps we want someone from joined kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a good quantity and i can discover everybody who has actually satisfied that criteria and it does offer you a risk aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to validate are you fine with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she really investing in 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 understand ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is good so really for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a bit more um of the sort of primary food companies and you have actually got you understand pharmaceutical and production business as that. How To Trade On Etoro Youtube.
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