We get this a lot on our site and the answer to Reddit How To Make 100K Etoro….Concerns that i speak with brand-new investors what if you’re brand new to investing you merely do not want to choose what you really wish to invest and you want someone to do it for you there’s only a number of manner ins which that can take place the first of all you can hire a financial investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds particular funds are developed 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 too now if you’re brand new to an overall please remember this platform is quite sophisticated you can do cfds which naturally cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform don’t simply presume because i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they give that option also so you actually 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 naturally your capital is at threat this is investing we’re doing you’re buying genuine companies if you select to in this particular video we’re talking about how to copy other individuals’s investments with your money so undoubtedly your capital is at risk and we have to bear that in mind do not simply do something because that person has said they’ve made profit 14 months in a row buy these choices due to the fact that you believe is the ideal ones for you and that being said let’s dive directly 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 element that is probably.
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well-known for it’s the alternative to see what other traders are doing incredible we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can actually say i want to do precisely what that trader is doing or match that precise portfolio of options and essentially every time they make a trade they purchase they offer whatever they do your money will be simulated with it so that suggests if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees involved truly crucial you understand what are the expenses of this now with any platform there will be some cost to obviously 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 a few of the zero fee websites then may not charge you for really buying and selling funds or etfs specific commodities private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees 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 start investing in copy trading or copy portfolios and finally some best advice finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s start with costs actually crucial to understand these now on there’s a number of charges there isn’t charges to do with actually buying and selling alright so commission charges are free nevertheless there are a couple of other costs the first one is withdrawal costs so you can certainly put money in now if you’re in the uk we put our uk money.
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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 wish to withdraw your cash so you offer your shares you sell your commodities whatever you’re offering the minimum amount 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 only withdrawing when i definitely need to now you might state okay that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are just one of those choices that they have a lot of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every six months you know depends completely how you’re investing but that is a charge to remember the second charge that i have actually touched upon is that conversion fee now with you’re handling us dollars just there’s not an option to buy in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading 2 and 2 open market anyone at all this is basic they have i expect stuck with whatever cost they charge for that conversion rate you type of need to accept you understand if you want to use their platform go from uk to us then that conversion fee 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 haggle with them you can’t go to the bank and state offer me us dollars rather you have to pay their costs now the excellent aspect of though when you have actually converted your cash you do not have to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary 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 costs so that’s truly excellent using that part of their website will not certainly restrict you in any way however we need to know two other charges the very first being what’s called spread charges all right and i’m going to show you what i mean on now a spread charge as i’m going to show you
on is basically the distinction that belongs to the financial investment platform between the buy rate and the list price fine it’s their premium on doing both those 2 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 really means that when you wish to offer or buy as you can see it’s not the cost you’re seeing up here let me reveal you that again so the present price of tesla is the worth of a share what’s called spread costs is the difference then really to buy that share on the platform and you’ll discover this all over this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind certainly it’s more costly to purchase than it is to offer 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 offer it and that is how they make a little bit of money on those spread out fees it’s normally exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a bit money now the last task is called an
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overnight cost now this is really essential if you’re actually utilizing cfds yourself as well an overnight fee is when you’re not doing that buy offer deal in the very same day all right there’s then an over night fee charged or even if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which indicates you’re really purchasing the precise possession instead of utilizing utilize anyhow you won’t get hit with these fees but these fees are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the exact 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 fees then for when you’re doing overnight or you’re doing over weekends and that only applies as i stated to cfds there are some added fees naturally depending upon what you are purchasing as well this is on your own so keep that in mind but complete fees are completely within their help information fine and we spoke about in addition to complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of really utilizing these copy operates they don’t have any additional fees on top of the typical fees that
are there now what you require to keep in mind though is these possibly handled by other individuals completely or often have actually created portfolios you have actually got a real individual doing the management you have to make sure you select the individual that’s right for you much like any type of work this is your financial properties so we definitely require to make sure it’s the right person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of various options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are using your own money however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash possibly this is a fantastic option for you once again to check the theories all right you might want to buy tesla or apple or this etf why not use the virtual option as a method to kind of safe have fun with it certainly you may have missed out on gains and losses during that time obviously if you had actually invested your real money it permits you to develop confidence understand the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to remember before you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk 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 financial investments the riskier you can be risk just suggests am i alright with potentially losing a good amount of this financial investment or acquiring as
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well now remember whatever is ups and downs you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose money however that similarly indicates they’ll lose eventually in their journey obviously people do make money as well and i’ve got videos everything about how you can make sure you’re one of individuals to really earn money however in this circumstance make sure you research your danger level would you be all right offering your money to somebody else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re investing in fully if you’re somebody who isn’t wanting to be that dangerous don’t select somebody who’s completely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong commodities
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like gold or even oil plus more standard etfs and index funds you might not desire 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 actually easily over here you can copy people now it will offer you a lot of options and you can use the system to really look for someone that you expensive in fact following so let’s see maybe we want somebody from unified kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a great amount and i can discover everyone who has fulfilled that criteria and it does give you a danger element as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have quite 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 could make four or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to confirm are you alright with this and off you go now another method to really 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 purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine actually that i buy too which is good so in fact for me understanding what i like to invest in 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 kind of main food business and you’ve got you know pharmaceutical and production business as that. Reddit How To Make 100K Etoro.
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