We get this a lot on our site and the answer to What Coins Can I Buy On Etoro….Questions that i speak with new investors what if you’re brand new to investing you just don’t wish to decide what you in fact want to invest and you desire someone to do it for you there’s just a couple of manner ins which that can happen the firstly you can hire an investment portfolio manager they’ll normally charge a rather a high premium to do that possibly one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds specific 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 quite sophisticated you can do cfds which naturally cfds are methods 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 simply presume since i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that option too so you really 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 of course your capital is at risk this is investing we’re doing you’re buying genuine business if you pick to in this particular video we’re talking about how to copy other individuals’s financial investments with your cash so certainly your capital is at threat and we need to bear that in mind do not simply do something since that person has stated they’ve made revenue 14 months in a row purchase these options due to the fact that you think 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 probably.
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famous for it’s the option to see what other traders are doing extraordinary we do not normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can actually say i want to do exactly what that trader is doing or match that precise portfolio of options and basically each time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that means if for instance 10 of their financial 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 charges included really critical you understand what are the costs of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the no fee websites then might not charge you for actually buying and selling funds or etfs individual commodities individual 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 kinds of charges associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know before you in fact start buying copy trading or copy portfolios and lastly some finest guidance finest practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s begin with fees truly crucial to comprehend these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling okay so commission charges are totally free however there are a number of other fees the first one is withdrawal fees so you can undoubtedly put money in now if you remain 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 however when you wish to withdraw your money so you offer your shares you offer your products 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 of course knowing that i’m going to ensure that i’m only withdrawing when i absolutely need to now you might say alright that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are just one of those alternatives that they have a great deal of platforms certainly are totally 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 know depends entirely how you’re investing but that is a charge to remember the second charge that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading 2 and two open market anyone at all this is standard they have i expect stuck to whatever charge they charge for that conversion rate you sort of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge is there what are they really providing 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 say give me us dollars rather you need to pay their charges now the great feature of though when you have actually converted your cash you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the preliminary 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 costs so that’s really excellent using that part of their website will not definitely limit you in any way however we have to know 2 other costs the very first being what’s called spread costs okay and i’m going to show you what i suggest on now a spread fee as i’m going to show you
on is essentially the difference that belongs to the investment platform in between the buy price and the price okay 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 worth 599 per share in tesla that really implies that when you want to sell or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current price 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 all over this is another manner in which they make a percentage of profit from you each time you do a buyer’s share so keep that in mind clearly it’s more expensive to buy than it is to offer so they’re going to give you less back with your sale and you say okay well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you wish to sell it which is how they make a little bit of money on those spread fees it’s typically exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a little bit money now the last task is called an
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over night charge now this is really important if you’re in fact utilizing cfds yourself as well an over night fee is when you’re not doing that buy sell deal in the very same day alright there’s then an overnight cost charged or even if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which implies you’re in fact buying the precise possession instead of using leverage anyway you won’t get hit with these charges but these fees are if you’re utilizing take advantage of and cfds and then 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 help section this isn’t the over night costs information you can see precisely 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 uses as i said to cfds there are some additional charges obviously depending on what you are buying as well this is on your own so keep that in mind but full charges are completely within their assistance information alright and we discussed along with complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of really utilizing these copy operates they don’t have any additional fees on top of the typical costs that
are there now what you need to remember though is these potentially handled by other individuals totally or sometimes have created portfolios you have actually got a genuine person doing the management you need to make sure you choose the individual that’s right for you just like any kind of work this is your monetary assets so we absolutely need to make certain it’s the best 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 couple of different alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real money or a virtual platform virtual means 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 essentially have this virtual portfolio simulate as if you are utilizing your own cash however actually 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 fantastic option for you again to test the theories okay you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a way to type of safe play with it certainly you might have lost out on gains and losses throughout that time of course if you had actually invested your genuine cash it enables you to build self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return 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 remember prior to you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i suggest by that certainly 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 suggests am i fine with potentially losing a great amount of this investment or gaining as
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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose money however that similarly implies they’ll lose at some time in their journey clearly people do earn money too and i’ve got videos everything about how you can make sure you are among the people to actually make money however in this situation make sure you research study your danger level would you be okay offering your cash to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re investing in completely if you’re somebody who isn’t wanting to be that risky do not pick someone who’s totally into crypto or currency conversion think about it you ‘d probably want a foundation of strong commodities
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like gold and even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact utilize this too actually quickly over here you can copy individuals now it will give you a lot of options and you can utilize the system to really search for someone that you fancy actually following so let’s see possibly we desire somebody from unified kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has satisfied that criteria and it does offer you a risk aspect too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have quite high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to validate are you fine with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she actually 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 know ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is great so really for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s likewise got a bit more um of the sort of main food business and you have actually got you understand pharmaceutical and production companies as that. What Coins Can I Buy On Etoro.
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