We get this a lot on our site and the answer to Is Etoro Public….Questions that i speak with new investors what if you’re brand new to investing you merely don’t want to choose what you really want to invest and you want somebody to do it for you there’s just a number of manner ins which that can happen the firstly you can work with an investment portfolio supervisor they’ll typically charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is naturally you can purchase mutual funds particular 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 as well now if you’re brand new to a total please bear in mind this platform is quite innovative you can do cfds which naturally cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning more about please do study the platform don’t just assume because i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they give that option too so you really get utilized to the structure of the site and after that 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 investing in real companies if you choose to in this specific video we’re speaking about how to copy other people’s investments with your cash so certainly your capital is at danger and we need to bear that in mind do not just do something because that individual has said they have actually made revenue 14 months in a row invest in these options due to the fact that you think is the right ones for you and that being stated let’s dive straight 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 aspect that is probably.
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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 lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can actually state i want to do exactly what that trader is doing or match that precise portfolio of options and essentially every time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that indicates if for instance 10 of their financial 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 fees included actually crucial you understand 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 included and even a few of the no cost websites then might not charge you for in fact buying and selling etfs or funds private commodities private stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering 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 fees with in particular in this video the next would be things to understand prior to you actually start investing in copy trading or copy portfolios and lastly some finest advice best practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s start with fees truly important to comprehend these now on there’s a couple of costs there isn’t costs to do with really buying and selling alright so commission fees are complimentary however there are a couple of other costs the very first one is withdrawal costs so you can certainly put money in now if you’re 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 later but when you want to withdraw your money so you sell your shares you sell your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m only withdrawing when i absolutely require to now you might say all right that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are just one of those alternatives that they have a great deal of platforms certainly are complimentary 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 as soon as every 6 months you understand depends totally how you’re investing however that is a charge to remember the 2nd cost that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading two and 2 open market anybody this is basic they have i expect stuck with whatever charge they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they in fact offering you in regards to 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 provide me us dollars rather you need to pay their costs now the fantastic thing about however when you have actually transformed your cash you do not have to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s really great using that part of their website won’t certainly restrict you in any way however we need to be aware of two other charges the first being what’s called spread costs all right and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is essentially the difference that becomes part of the investment platform between the buy price and the list price okay 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 worth 599 per share in tesla that actually indicates that when you wish to offer or purchase as you can see it’s not the price you’re seeing up here let me show you that once again so the current price of tesla is the value of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of benefit from you each time you do a buyer’s share so keep that in mind obviously it’s more pricey to purchase than it is to sell so they’re going to provide 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 between if you’re buying it then you want to sell it and that is how they make a bit of money on those spread charges it’s generally exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a little bit cash now the last accomplishment is called an
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over night cost now this is really essential if you’re actually utilizing cfds yourself too an over night fee is when you’re refraining from doing that buy offer transaction in the exact same day fine there’s then an over night fee charged or even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one utilize which implies you’re in fact buying the precise property rather than utilizing leverage anyway you won’t get hit with these charges however these charges are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s state if you enter into the aid section this isn’t the overnight charges information you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that just uses as i stated to cfds there are some surcharges obviously depending upon what you are investing in as well this is on your own so keep that in mind however complete charges are entirely within their aid information okay and we talked about along with free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of actually using these copy functions they don’t have any additional fees on top of the normal fees that
are there now what you require to remember though is these potentially handled by other individuals completely or in some cases have actually created portfolios you’ve got a real person doing the management you need to ensure you choose the individual that’s right for you much like any type of work this is your monetary properties so we definitely need to make certain it’s the ideal 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 number of different choices for us first off 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 methods 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 information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money possibly this is an excellent choice for you once again to test the theories alright you might want to buy tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe play with it undoubtedly you might have lost out on gains and losses during that time naturally if you had invested your real cash it enables you to build 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 really how to copy individuals and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger 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 just means am i fine with possibly losing a good amount of this 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 fact 75 people will lose money but that similarly means they’ll lose at some point in their journey undoubtedly individuals do earn money also and i’ve got videos everything about how you can make certain you’re one of individuals to actually earn money but in this situation make certain you research your risk level would you be alright providing your cash to somebody else which is effectively what you’re doing and trusting them make certain you comprehend what they’re buying fully if you’re someone who isn’t wishing to be that dangerous do not select someone who’s completely 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 might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually utilize this too really easily over here you can copy people now it will give you a great deal of options and you can use the system to really look for somebody that you expensive in fact following so let’s see perhaps we desire someone from united kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has actually met that criteria and it does give you a danger element also 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 predictions of the future this does not indicate someone 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 basic as clicking the copy button and off you go and after that you know 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 instance ruby mza as an example you can actually deep dive into what is she in fact buying so let’s enter 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 definitely like type of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is excellent so in fact for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s also got a bit more um of the type of primary food business and you’ve got you know pharmaceutical and production business as that. Is Etoro Public.
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