We get this a lot on our site and the answer to Paypal And Etoro….Questions that i speak with new financiers what if you’re brand new to investing you simply do not wish to choose what you actually want to invest and you want somebody to do it for you there’s only a couple of manner ins which that can occur the first off you can employ an investment portfolio supervisor they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is of course you can buy mutual funds specific funds are developed 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 also now if you’re brand new to an overall please keep 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 actually having the total of capital so with anything that you’re discovering please do study the platform don’t just assume since i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative as well so you in fact get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re purchasing genuine business if you select to in this specific video we’re talking about how to copy other people’s financial investments with your cash so certainly your capital is at danger and we have to bear that in mind do not just do something since that individual has actually said they’ve made revenue 14 months in a row purchase these options because you think is the best ones for you which being said 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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well-known for it’s the option to see what other traders are doing extraordinary we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can really state i want to do exactly what that trader is doing or match that specific portfolio of alternatives and basically each time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that means 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 fees involved really crucial you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero fee sites then might not charge you for actually buying and selling funds or etfs individual products specific stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees 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 know prior to you in fact start investing in copy trading or copy portfolios and finally some finest suggestions best practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s begin with costs really important to understand these now on there’s a number of charges there isn’t costs to do with really buying and selling alright so commission costs are free nevertheless there are a couple of other costs the first one is withdrawal charges so you can clearly put cash in now if you remain in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your cash so you offer your shares you sell 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 naturally understanding that i’m going to make certain that i’m just withdrawing when i absolutely require to now you may say fine that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are just one of those alternatives that they have a great deal of platforms obviously are totally 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 when every 6 months you know depends entirely how you’re investing however that is a charge to bear in mind the 2nd charge that i’ve discussed is that conversion cost now with you’re dealing in us dollars only there’s not a choice to purchase 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 purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading 2 and 2 free trade anyone at all this is standard they have actually i suppose stuck with whatever fee they charge for that conversion rate you type of need to accept you understand if you want to utilize their platform go from uk to us then that conversion cost is there what are they actually offering 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 have to pay their fees now the terrific feature of though when you have actually converted your money you do not need to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means the preliminary day that you buy or convert 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 really good using that part of their website will not certainly limit you in any way however we have to be aware of 2 other fees the first being what’s called spread fees all right and i’m going to show you what i indicate on now a spread cost as i’m going to show you
on is basically the distinction that is part of the financial investment platform in between the buy price and the price fine it’s their premium on doing both those 2 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 suggests that when you want 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 existing price of tesla is the worth of a share what’s called spread fees is the distinction then in fact to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of benefit from you every time you do a purchaser’s share so keep that in mind certainly 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 state alright well why does that occur it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to offer it which is how they make a little bit of cash on those spread out costs it’s generally exceptionally 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 accomplishment is called an
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over night charge now this is truly important if you’re actually using cfds yourself also an overnight cost is when you’re not doing that buy offer deal in the very same day fine there’s then an over night charge charged and even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which suggests you’re in fact purchasing the precise asset rather than using utilize anyway you will not get hit with these charges but these fees are if you’re utilizing leverage and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s say if you go into the help area this isn’t the over night charges details you can see exactly 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 which only applies as i stated to cfds there are some surcharges of course depending upon what you are purchasing too this is on your own so keep that in mind but full charges are entirely within their aid info fine and we discussed as well as free 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 everything 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 in fact utilizing these copy works they don’t have any additional charges on top of the regular fees that
exist now what you need to bear in mind though is these possibly managed by other people completely or sometimes have developed portfolios you have actually got a real person doing the management you have to make certain you pick the individual that’s right for you similar to any kind of work this is your monetary assets so we absolutely need to make certain it’s the right individual for us before 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 various options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual methods i think 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 basically 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 comfy with utilizing your real cash perhaps this is a terrific alternative for you again to test the theories alright you might wish to purchase tesla or apple or this etf why not utilize the virtual option as a method to type of safe play with it undoubtedly you might have missed out on gains and losses throughout that time obviously if you had actually invested your genuine cash it allows you to build self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back 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 prior to 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 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 okay with potentially losing an excellent quantity of this financial investment or getting as
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well now remember whatever is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose money but that equally implies they’ll lose at some time in their journey certainly people do earn money also and i have actually got videos everything about how you can make sure you are among the people to in fact make money but in this scenario make certain you research study your threat level would you be okay offering your cash to someone else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re buying completely if you’re somebody who isn’t wanting to be that dangerous don’t select someone who’s totally into crypto or currency conversion think about it you ‘d probably desire a foundation of strong commodities
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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 same with who you’re following now as i state you can actually use this too actually quickly over here you can copy individuals now it will provide you a lot of options and you can use the system to really search for somebody that you elegant really following so let’s see possibly we want someone from united kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a great quantity and i can discover everybody who has actually satisfied that criteria and it does offer you a threat aspect also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they could make 4 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 then you know ask you to confirm are you all right with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she really buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is excellent so in fact for me knowing what i like to buy my specific 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 also got a little bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production business as that. Paypal And Etoro.
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