We get this a lot on our site and the answer to Youtube Ads Remove Etoro….Concerns that i speak with brand-new investors what if you’re brand new to investing you just don’t want to choose what you really wish to invest and you desire someone to do it for you there’s only a couple of ways that that can occur the first off you can work with an investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is of course you can purchase mutual funds specific funds are produced 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 too now if you’re brand new to a total please keep in mind this platform is quite innovative you can do cfds which of course cfds are ways of investing
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with not in fact having the total 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 use it immediately do some due diligence have a little play around with it even invest with virtual money they give that choice too so you in fact get used to the structure of the website and then when you’re ready to use 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 choose to in this specific video we’re speaking about how to copy other individuals’s investments with your money so clearly your capital is at danger and we have to bear that in mind do not just do something because that individual has said they’ve made revenue 14 months in a row purchase these choices since you believe is the right ones for you and that being said let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one element that is most likely.
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well-known for it’s the choice to see what other traders are doing incredible we don’t typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can really say i wish to do precisely what that trader is doing or match that exact portfolio of options and essentially every time they make a trade they buy they sell whatever they do your cash will be imitated with it so that means 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 also cover is the costs included truly critical you comprehend what are the costs of this now with any platform there will be some expense to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the absolutely no fee websites then may not charge you for really buying and selling etfs or funds private commodities specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 actually start investing in copy trading or copy portfolios and lastly some best recommendations finest practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s start with charges really crucial to comprehend these now on there’s a couple of fees there isn’t fees to do with really buying and selling all right so commission charges are totally free however there are a couple of other fees the first one is withdrawal charges so you can undoubtedly put cash in now if you remain in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your cash so you sell your shares you sell your commodities 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 of course knowing that i’m going to make certain that i’m just withdrawing when i definitely require to now you may state alright that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are simply among those options that they have a great deal of platforms undoubtedly 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 understand depends totally how you’re investing but that is a charge to remember the second charge that i have actually touched upon is that conversion charge now with you’re dealing in us dollars just there’s not a choice to buy 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 anyway or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and 2 free trade anyone at all this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you kind of have to accept you know if you wish to utilize their platform go from uk to us then that conversion cost is there what are they really giving 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 state offer me us dollars rather you have to pay their charges now the terrific aspect of however when you have actually transformed your cash you do not need to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests 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 truly excellent using that part of their website won’t certainly restrict you in any way nevertheless we need to know two other costs the very first being what’s called spread fees alright and i’m going to reveal you what i mean on now a spread charge as i’m going to show you
on is generally the difference that is part of the investment platform between the buy rate and the price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that actually means that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing price of tesla is the value of a share what’s called spread charges is the distinction then in fact to purchase that share on the platform and you’ll find this all over this is another manner in which they make a percentage of profit from you every time you do a buyer’s share so keep that in mind clearly 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 fine well why does that happen 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 cash on those spread out costs it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit cash now the last accomplishment is called an
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overnight fee now this is truly crucial if you’re really using cfds yourself as well an over night fee is when you’re not doing that buy sell transaction in the exact same day okay there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one take advantage of which implies you’re really buying the exact possession instead of using leverage anyhow you will not get hit with these charges but these costs are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the exact same day so let’s state if you go into the help section this isn’t the over night charges 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 over night or you’re doing over weekends which only applies as i said to cfds there are some service charges of course depending on what you are buying as well this is on your own so keep that in mind however complete charges are completely within their assistance info alright and we discussed as well as free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of in fact utilizing these copy operates they don’t have any additional charges on top of the regular fees that
are there now what you need to remember though is these possibly managed by other individuals entirely or often have created 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 similar to any profession this is your monetary properties so we absolutely require to ensure it’s the right individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of different choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual means 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 credit card information or anything you can basically have this virtual portfolio mimic as if you are using your own cash but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is a fantastic choice for you once again to check the theories okay you might 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 obviously you may have missed out on gains and losses throughout that time of course if you had actually invested your genuine money it allows you to develop self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to keep in mind prior to you pick someone 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 imply by that obviously 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 indicates am i all right with potentially losing a great amount of this financial investment or acquiring as
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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose money but that similarly suggests they’ll lose at some point in their journey certainly people do earn money as well and i have actually got videos everything about how you can ensure you’re one of individuals to in fact make money but in this circumstance ensure you research your threat level would you be alright offering your cash to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re buying fully if you’re somebody who isn’t wanting to be that risky do not select somebody 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 traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact use this too really quickly over here you can copy people now it will offer you a lot of options and you can utilize the system to actually search for someone that you elegant in fact following so let’s see possibly we desire someone from unified kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a good amount and i can find everybody who has actually met that criteria and it does offer you a risk element also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have quite high returns
remember it’s like anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to ensure 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 verify are you all right 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 really deep dive into what is she really investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent 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 buy too which is excellent so really for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the type of main food companies and you’ve got you know pharmaceutical and production business as that. Youtube Ads Remove Etoro.
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