We get this a lot on our site and the answer to Will Etoro Sell My Data….Questions that i hear from new financiers what if you’re brand new to investing you merely don’t wish to decide what you actually want to invest and you want somebody to do it for you there’s only a number of ways that that can occur the first of all you can hire an investment portfolio supervisor they’ll normally charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are created once 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 bear in mind this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform do not just presume since i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that option also so you really get used to the structure of the website and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re investing in real business if you choose to in this specific video we’re talking about how to copy other people’s financial investments with your cash so undoubtedly your capital is at risk and we need to bear that in mind do not just do something because that person has stated they have actually made earnings 14 months in a row buy these choices 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 aspect that is probably.
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famous for it’s the option to see what other traders are doing amazing we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can really state 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 offer whatever they do your money will be simulated with it so that indicates if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges involved actually critical you understand what are the costs of this now with any platform there will be some cost to undoubtedly these are real companies 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 charge websites then may not charge you for really buying and selling funds or etfs private products individual stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of costs 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 understand before you in fact begin purchasing copy trading or copy portfolios and finally some finest recommendations best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s start with fees actually important to comprehend these now on there’s a couple of fees there isn’t costs to do with actually buying and selling fine so commission fees are free however there are a number of other charges the very first one is withdrawal charges so you can obviously put money 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 but when you want to withdraw your cash so you sell your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to make certain that i’m just withdrawing when i definitely require to now you might state fine that’s rather 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 charges are simply among those choices that they have a great deal of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every 6 months you know depends entirely how you’re investing however that is a charge to bear in mind the second cost that i’ve touched upon is that conversion charge now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’s fine that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading two and two free trade anybody this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you kind of need to accept you know if you wish to use their platform go from uk to us then that conversion charge exists what are they really 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 say give 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 value can sit in your portfolio as money dollars for as long as you like so that indicates 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 extra fees so that’s actually great using that part of their website won’t definitely limit you in any way nevertheless we need to understand two other costs the very first being what’s called spread charges alright and i’m going to reveal you what i suggest on now a spread fee 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 alright it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that actually means that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that again so the current price of tesla is the value 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 all over this is another manner in which they make a small amount of profit from you each time you do a buyer’s share so keep that in mind certainly it’s more expensive to buy than it is to sell so they’re going to offer you less back with your sale and you say alright well why does that occur 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 offer it and that is how they make a little bit of money on those spread out costs it’s generally extremely small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit money now the last feat is called an
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over night fee now this is really important if you’re in fact using cfds yourself as well an over night fee is when you’re not doing that buy sell transaction in the same day okay there’s then an over night cost charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one leverage which indicates you’re really purchasing the precise property instead of using leverage anyway you won’t get hit with these costs but these fees are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you enter into the assistance section 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 costs then for when you’re doing over night or you’re doing over weekends and that just applies as i said to cfds there are some surcharges naturally depending on what you are buying as well this is on your own so keep that in mind but full costs are totally within their help details fine and we spoke about in addition to free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of actually utilizing these copy works they do not have any additional costs on top of the regular fees that
are there now what you need to keep in mind though is these potentially managed by other people totally or often have actually produced portfolios you have actually got a real person doing the management you have to make certain you select the person that’s right for you just like any kind of work this is your monetary possessions so we absolutely need to make sure it’s the ideal 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 different 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 alternative to invest real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your charge card details or anything you can basically have this virtual portfolio mimic as if you are using your own money however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine cash possibly this is a great alternative for you again to test the theories okay you may want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe have fun with it undoubtedly you might have missed out on gains and losses throughout that time of course if you had actually invested your genuine money it allows you to construct confidence understand the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to remember before 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 indicate by that undoubtedly 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 implies am i alright with potentially losing a good amount of this financial investment or acquiring 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 figure 75 people will lose money however that equally implies they’ll lose at some time in their journey obviously people do earn money too and i have actually got videos all about how you can ensure you’re one of individuals to actually make money however in this situation ensure you research your risk level would you be alright offering your cash to someone else which is successfully 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 dangerous don’t choose somebody who’s completely into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong commodities
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like gold or 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 actually use this too actually easily over here you can copy individuals now it will offer you a lot of options and you can utilize the system to actually look for somebody that you fancy in fact following so let’s see possibly we want someone from united kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a great amount and i can find everyone who has satisfied that criteria and it does offer you a threat factor 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 people that have rather 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 four or minus 50 there’s no way to guarantee 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 validate are you okay 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 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 bit so that’s excellent to know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got some of mine in fact that i purchase too which is excellent so actually for me understanding what i like to invest in my individual 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 little bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production business as that. Will Etoro Sell My Data.
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