We get this a lot on our site and the answer to Set Stop Loss And Take Profit Etoro….Concerns that i hear from new financiers what if you’re brand new to investing you simply don’t wish to choose what you really wish to invest and you desire someone to do it for you there’s just a number of ways that that can occur the firstly you can work with a financial investment portfolio supervisor they’ll usually charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can purchase mutual funds particular funds are developed once 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 a total please remember this platform is rather advanced you can do cfds which naturally cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform don’t simply assume due to the fact that 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 choice as well so you actually 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 buying real business if you pick to in this particular video we’re discussing how to copy other people’s investments with your money so certainly your capital is at danger and we need 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 because you believe is the best ones for you and that being stated 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 most likely.
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famous for it’s the alternative to see what other traders are doing amazing we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our money we can really say i wish to do precisely what that trader is doing or match that precise portfolio of choices and generally each time they make a trade they buy they offer whatever they do your money will be simulated with it so that indicates 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 likewise cover is the costs included actually vital you comprehend 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 involved and even some of the no cost sites then might not charge you for in fact buying and selling funds or etfs specific products private 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 kinds of charges associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to understand before you actually begin purchasing copy trading or copy portfolios and finally some finest recommendations best practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s kick off with fees truly essential to understand these now on there’s a couple of costs there isn’t costs to do with in fact buying and selling alright so commission costs are free nevertheless there are a couple of other charges the first one is withdrawal fees so you can clearly put cash in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your cash so you sell 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 5 dollars per withdrawal so for me naturally knowing that i’m going to ensure that i’m only withdrawing when i absolutely require to now you may say fine that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are just one of those alternatives that they have a great deal of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every six months you understand depends totally how you’re investing but that is a charge to bear in mind the 2nd fee that i have actually discussed is that conversion fee now with you’re handling 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 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 cost now when you use anybody so if you’re using trading two and 2 open market anyone at all this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you kind 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 in fact providing 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 say give me us dollars rather you have to pay their costs now the great aspect of though when you have actually converted your money you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that means the initial day that you purchase 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 actually great utilizing that part of their site will not definitely restrict you in any way nevertheless we need to be aware of 2 other costs the very first being what’s called spread costs fine and i’m going to show you what i imply on now a spread cost as i’m going to show you
on is basically the difference that is part of the financial investment platform in between the buy rate and the list price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that really indicates 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 again so the existing cost of tesla is the worth of a share what’s called spread charges is the distinction then in fact to buy that share on the platform and you’ll find this all over this is another way that they make a small amount of benefit from you each time you do a buyer’s share so keep that in mind certainly it’s more expensive to purchase than it is to sell so they’re going to give you less back with your sale and you state fine well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to offer it which is how they make a bit of cash on those spread fees it’s usually incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a little bit cash now the last accomplishment is called an
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over night charge now this is truly essential if you’re in fact using cfds yourself as well an over night fee is when you’re refraining from doing that buy sell deal in the exact same day alright there’s then an over night fee charged or even if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one take advantage of which means you’re actually purchasing the specific asset instead of utilizing utilize anyhow you won’t get hit with these charges however 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 selling in the very same day so let’s say if you go into the assistance section this isn’t the overnight charges info you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only applies as i said to cfds there are some service charges naturally depending on what you are investing in as well this is on your own so keep that in mind however full costs are totally within their help info alright and we spoke about as well as free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of actually utilizing these copy works they don’t have any additional charges on top of the typical charges that
exist now what you require to bear in mind though is these possibly managed by other people completely or sometimes have actually produced portfolios you have actually got a genuine individual doing the management you have to make sure you pick the person that’s right for you much like any line of work this is your financial assets so we absolutely require to make sure it’s the ideal person for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a number 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 choice to invest genuine cash 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 won’t require to put in your charge card information or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money maybe this is an excellent choice for you again to evaluate the theories all right you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe have fun with it clearly you may have lost out on gains and losses throughout that time naturally if you had invested your real cash it allows you to develop confidence understand the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i suggest by that undoubtedly 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 just suggests am i okay with possibly losing a good quantity of this investment or acquiring as
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well now remember everything is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose money but that similarly indicates they’ll lose eventually in their journey clearly individuals do earn money too and i’ve got videos everything about how you can make sure you are among individuals to really earn money however in this circumstance make certain you research study your threat level would you be fine offering your cash to someone else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re purchasing completely if you’re someone who isn’t wanting to be that dangerous do not choose someone who’s completely into crypto or currency conversion think of it you ‘d probably want a foundation of strong commodities
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like gold or perhaps oil plus more conventional 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 really utilize this too truly quickly over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to in fact look for someone that you elegant really following so let’s see possibly we desire someone from unified kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everybody who has actually satisfied that requirements and it does give you a danger element too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of individuals 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 imply 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 easy as clicking the copy button and off you go and after that you know ask you to verify are you all right with this and off you go now another way to in fact deep dive if we click this person for example 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 rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got a few of mine actually that i purchase too which is good so actually for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s likewise got a bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production companies as that. Set Stop Loss And Take Profit Etoro.
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