We get this a lot on our site and the answer to Isin Nummer Etoro….Concerns that i hear from brand-new financiers what if you’re brand new to investing you simply don’t want to choose what you actually wish to invest and you desire somebody to do it for you there’s just a number of manner ins which that can occur the first off you can hire a financial investment portfolio manager they’ll generally charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is obviously you can purchase mutual funds specific funds are created 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 a total please bear in mind this platform is rather advanced you can do cfds which of course cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform do not simply assume because i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that alternative also so you really 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 buying genuine business if you pick to in this specific video we’re talking about how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at risk and we need to bear that in mind do not simply do something because that individual has stated they’ve made earnings 14 months in a row buy these options due to the fact that you think is the best ones for you which being stated let’s dive directly 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 element that is most likely.
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famous 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 cash we can actually state i want to do precisely what that trader is doing or match that specific portfolio of choices and essentially every time they make a trade they buy they sell whatever they do your cash will be mimicked 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 likewise cover is the costs involved actually crucial you understand what are the costs of this now with any platform there will be some cost to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the absolutely no cost websites then might not charge you for really buying and selling funds or etfs individual products private stocks.
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there’ll be charges 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 fees with in particular in this video the next would be things to know prior to you in fact begin purchasing copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s begin with fees really important to comprehend these now on there’s a number of fees there isn’t fees to do with really buying and selling alright so commission charges are free nevertheless there are a couple of other costs the first one is withdrawal fees so you can undoubtedly 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 later on however when you want to withdraw your cash so you sell 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 five dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m just withdrawing when i definitely need to now you may state 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 someplace and withdrawal charges are just among those alternatives that they have a great deal of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every 6 months you understand depends totally how you’re investing but that is a charge to bear in mind the second charge that i have actually discussed is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk and that’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 good with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re using trading two and two free trade anyone at all this is standard they have actually i expect stuck with whatever fee they charge for that conversion rate you type of have to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they really giving 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 provide me us dollars rather you need to pay their costs now the great feature of 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 cash dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s actually great utilizing that part of their site won’t definitely restrict you in any way nevertheless we have to be aware of 2 other charges the very first being what’s called spread costs fine and i’m going to show you what i suggest on now a spread fee as i’m going to reveal you
on is basically the difference that is part of the investment platform between the buy price 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 website right now tesla’s dollar value 599 per share in tesla that actually implies that when you wish to sell or buy 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 value of a share what’s called spread charges is the difference then actually to purchase that share on the platform and you’ll find this all over this is another manner in which they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind clearly 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 alright well why does that happen it simply 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 want to offer it and that is how they make a bit of cash on those spread costs it’s usually exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a little bit money now the last task is called an
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overnight charge now this is actually important if you’re in fact utilizing cfds yourself too an overnight cost is when you’re not doing that buy offer transaction in the exact 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 charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one leverage which implies you’re actually purchasing the precise possession instead of using leverage anyway you won’t get hit with these charges however these charges are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you go into the aid area this isn’t the over night costs details 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 over night or you’re doing over weekends which only uses as i stated to cfds there are some added fees obviously depending on what you are investing in too this is on your own so keep that in mind but full fees are totally within their help information fine and we discussed along with complimentary to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different ways of actually using these copy works they do not have any additional fees on top of the typical costs that
exist now what you need to bear in mind though is these potentially managed by other people totally or sometimes have produced portfolios you’ve got a genuine individual doing the management you have to ensure you pick the individual that’s right for you just like any line of work this is your financial assets so we definitely need to ensure it’s the best individual 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 couple of different alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money 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 possibly this is a great option for you once again to evaluate the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to type of safe play with it certainly you may have lost out on gains and losses throughout that time of course if you had invested your genuine cash it permits you to build confidence understand the platform so that’s one choice 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 prior to you select someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i mean 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 risk simply implies am i alright with possibly losing a good quantity of this financial investment or getting 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 figure 75 individuals will lose cash however that equally means they’ll lose at some time in their journey undoubtedly people do make money too and i have actually got videos all about how you can make certain you’re one of the people to really make money however in this situation make sure you research your risk level would you be all right providing your cash to someone else which is successfully what you’re doing and trusting them ensure you understand what they’re investing in fully if you’re somebody who isn’t wanting to be that risky do not choose somebody who’s entirely into crypto or currency conversion think about it you ‘d probably want a foundation of strong commodities
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like gold or even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually utilize this too actually quickly over here you can copy individuals now it will offer you a lot of options and you can utilize the system to actually search for somebody that you expensive actually following so let’s see perhaps we want somebody from joined kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everybody who has actually satisfied that criteria and it does provide you a threat aspect also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to verify are you okay with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really purchasing 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 know ibm paypal yep she’s absolutely like kind 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 really for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production companies as that. Isin Nummer Etoro.
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