We get this a lot on our site and the answer to Top Brokers Etoro Mayo 1019….Concerns that i speak with brand-new investors what if you’re brand new to investing you merely do not wish to decide what you in fact want to invest and you want somebody to do it for you there’s only a couple of ways that that can occur the firstly you can employ an investment portfolio supervisor they’ll usually charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are produced 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 bear in mind this platform is rather innovative 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 learning about please do study the platform do not simply presume since i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that choice as well so you in fact get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re purchasing real companies if you choose to in this particular video we’re speaking about how to copy other people’s investments with your money so clearly your capital is at risk and we have to bear that in mind do not simply do something because that person has actually said they’ve made profit 14 months in a row purchase these choices because you believe is the ideal ones for you which 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 aspect that is probably.
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famous for it’s the alternative to see what other traders are doing amazing we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can really state i want to do exactly what that trader is doing or match that exact portfolio of choices and basically every time they make a trade they buy they offer whatever they do your cash will be simulated with it so that means 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 included really vital you comprehend what are the costs of this now with any platform there will be some cost to certainly 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 absolutely no charge sites then may not charge you for actually buying and selling etfs or funds individual commodities specific stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges 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 before you in fact begin investing in copy trading or copy portfolios and lastly some finest recommendations best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with costs actually essential to comprehend these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling alright so commission charges are totally free however there are a couple of other fees the 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 products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might say okay 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 someplace and withdrawal fees are simply among those choices that they have a great deal of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every six months you know depends totally how you’re investing however that is a charge to keep in mind the 2nd fee that i’ve touched upon is that conversion charge now with you’re handling us dollars only there’s not an option 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 buying or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading 2 and 2 free trade anybody this is basic they have actually i suppose stuck with whatever charge they charge for that conversion rate you type of have to accept you know if you want to use their platform go from uk to us then that conversion fee exists what are they really providing 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 say offer me us dollars rather you need to pay their charges now the terrific aspect of however when you have actually converted your cash you do not need 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 initial day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s truly great using that part of their site will not definitely limit you in any way nevertheless we need to be aware of two other fees the very first being what’s called spread charges alright and i’m going to show you what i indicate on now a spread cost as i’m going to reveal you
on is essentially the difference that is part of the investment platform between the buy cost and the price alright 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 really suggests that when you wish to purchase or offer as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current cost of tesla is the value of a share what’s called spread costs is the distinction then in fact to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of profit from you each time you do a purchaser’s share so keep that in mind obviously it’s more pricey to purchase than it is to sell so they’re going to offer you less back with your sale and you say all right well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to offer it and that is how they make a little bit of money on those spread costs it’s generally extremely 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 task is called an
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overnight charge now this is truly important if you’re really utilizing cfds yourself also an over night fee is when you’re not doing that buy sell deal in the exact same day okay there’s then an over night charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which indicates you’re actually purchasing the precise possession instead of utilizing utilize anyway you won’t get hit with these charges however these charges are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the same day so let’s say if you enter into the help area this isn’t the overnight charges information you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which just applies as i stated to cfds there are some additional charges naturally depending on what you are buying as well this is on your own so keep that in mind but complete costs are totally within their help details alright and we talked about in addition to free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two various ways of actually utilizing these copy functions they do not have any extra charges on top of the normal charges that
exist now what you need to keep in mind though is these potentially managed by other individuals entirely or sometimes have actually produced portfolios you have actually got a real person doing the management you have to ensure you pick the person that’s right for you much like any profession this is your financial properties so we absolutely require to make certain 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 options for us first off if you’re brand new to investing i wish 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 play 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 basically have this virtual portfolio simulate as if you are utilizing your own cash however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money maybe this is a fantastic choice for you once again to test the theories okay you may want to purchase tesla or apple or this etf why not use the virtual choice as a way to sort of safe play with it certainly you may have missed out on gains and losses throughout that time obviously if you had invested your genuine money it permits you to develop self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to bear in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i suggest by that clearly 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 simply means am i all right with potentially losing an excellent amount of this investment or gaining 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 fact 75 individuals will lose money but that equally suggests they’ll lose eventually in their journey obviously individuals do generate income as well and i have actually got videos all about how you can make certain you’re one of individuals to actually earn money but in this scenario make sure you research your danger level would you be alright offering your money to somebody else which is effectively what you’re doing and trusting them make sure you understand what they’re purchasing totally if you’re someone who isn’t wanting to be that dangerous don’t choose somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong products
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like gold and even oil plus more standard etfs and index funds you might not want 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 use this too truly easily over here you can copy people now it will give you a great deal of choices and you can utilize the system to actually look for somebody that you elegant actually following so let’s see possibly we want somebody from joined kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds an excellent amount and i can discover everyone who has actually satisfied that criteria and it does offer you a danger element too so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of people that have quite high returns
keep 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 might make four or minus 50 there’s no way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to verify are you alright with this and off you go now another method to actually deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she really investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got some of mine actually that i buy too which is great so really for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she prefers she’s likewise got a little bit more um of the kind of primary food companies and you have actually got you know pharmaceutical and production business as that. Top Brokers Etoro Mayo 1019.
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