We get this a lot on our site and the answer to How To Transfer Coins From Etoro To Another Wallet….Concerns that i speak with brand-new investors what if you’re brand new to investing you simply do not want to decide what you actually want to invest and you desire someone to do it for you there’s only a number of manner ins which that can take place the to start with you can hire a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are created 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 a total please bear in mind this platform is quite sophisticated you can do cfds which of course 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 don’t simply assume because i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that option also so you really get utilized to the structure of the site and then when you’re ready to utilize 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 buying genuine business if you choose to in this particular video we’re talking about how to copy other people’s financial investments with your money so certainly your capital is at risk and we need to bear that in mind do not just do something since that person has stated they have actually made profit 14 months in a row buy these options due to the fact that you believe is the right ones for you and that being said 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 aspect that is most likely.
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well-known for it’s the alternative to see what other traders are doing incredible we don’t generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can in fact say i wish to do exactly what that trader is doing or match that specific portfolio of options and basically each time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that means 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 also cover is the charges involved really critical you comprehend what are the expenses of this now with any platform there will be some expense to obviously these are genuine business that are investing they’re doing the purchasing 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 funds or etfs individual products individual stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand prior to you in fact begin investing in copy trading or copy portfolios and finally some finest suggestions finest 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 fees actually important to understand these now on there’s a couple of costs there isn’t fees to do with really buying and selling alright so commission fees are complimentary however there are a number of other fees the first one is withdrawal charges so you can obviously put cash in now if you’re 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 later but when you want to withdraw your money so you sell your shares you offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to ensure that i’m just withdrawing when i absolutely need to now you might say alright that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are just among those choices that they have a lot of platforms undoubtedly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every six months you know depends completely how you’re investing but that is a fee to keep in mind the second fee that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not a choice to buy in euros or uk and that’s great that fits me.
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a great deal 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 two and 2 free trade anyone at all this is standard they have i expect stuck to whatever charge they charge for that conversion rate you sort of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost is there what are they really offering you in terms of your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and state give me us dollars instead you have to pay their fees now the terrific feature of though when you have actually transformed your cash you do not need to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates 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 additional fees so that’s truly excellent using that part of their site will not definitely restrict you in any way nevertheless we have to know two other fees the very first being what’s called spread costs all right and i’m going to reveal you what i mean on now a spread charge as i’m going to show you
on is basically the difference that becomes part of the financial investment platform between the buy price and the sale price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that really suggests that when you want to purchase or offer as you can see it’s not the price 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 fees is the difference then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of profit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to sell so they’re going to give you less back with your sale and you say all right well why does that occur it just 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 wish to sell it which is how they make a little bit of money on those spread out costs it’s generally extremely little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit cash now the last task is called an
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overnight charge now this is really essential if you’re actually utilizing cfds yourself too an overnight cost is when you’re not doing that buy sell deal in the same day okay there’s then an over night cost charged or even if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which means you’re in fact buying the exact property rather than using leverage anyhow you won’t get hit with these charges however these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you go into the aid section this isn’t the over night costs info you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which only applies as i said to cfds there are some service charges of course depending on what you are purchasing also this is on your own so keep that in mind but full costs are totally within their assistance information fine and we talked about along with free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of actually using these copy works they don’t have any extra charges on top of the typical charges that
are there now what you require to keep in mind though is these potentially handled by other individuals entirely or sometimes have actually developed portfolios you have actually got a real individual doing the management you have to make certain you select the person that’s right for you just like any kind of work this is your financial assets so we definitely need to make sure it’s the best person for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of different options for us to start with if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine 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 will not require to put in your charge card details or anything you can basically have this virtual portfolio simulate as if you are utilizing your own money however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash possibly this is a fantastic choice for you once again to evaluate the theories alright you might want to buy tesla or apple or this etf why not use the virtual choice as a method to type 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 genuine money it allows you to develop confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really 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 make certain you comprehend what your risk profile is now what do i imply by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply means am i alright with potentially losing an excellent quantity of this investment or getting as
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well now remember everything is ups and downs you will generate income you’ll lose cash that’s why they make the fact 75 individuals will lose cash but that equally means they’ll lose at some point in their journey obviously people do generate income also and i have actually got videos everything about how you can make certain you’re one of individuals to really make money but in this circumstance make sure you research your threat level would you be okay giving your money to somebody else which is effectively what you’re doing and trusting them make sure you comprehend what they’re investing in fully if you’re somebody who isn’t wishing to be that risky don’t pick someone who’s entirely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong products
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like gold or even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact utilize this too truly easily over here you can copy individuals now it will give you a great deal of options and you can use the system to actually search for somebody that you fancy in fact following so let’s see perhaps we want someone from joined kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has actually satisfied that criteria and it does provide you a risk aspect too 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 people that have rather high returns
keep in mind it’s like 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 4 or minus 50 there’s no chance to guarantee 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 verify are you alright with this and off you go now another method to really deep dive if we click on this person for instance ruby mza as an example you can actually 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 excellent to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got some of mine actually that i buy too which is excellent so actually for me knowing 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 prefers she’s likewise got a little bit more um of the type of primary food companies and you have actually got you know pharmaceutical and production companies as that. How To Transfer Coins From Etoro To Another Wallet.
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