So to start the answer to 3Commas Etoro Custom Signals….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply don’t want to decide what you actually wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can happen the first of all you can work with an investment portfolio manager they’ll normally charge a quite a high premium to do that possibly one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 innovative you can do cfds which obviously cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t just assume since i use 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 actually get utilized 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 naturally 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 speaking about how to copy other individuals’s investments with your money so certainly your capital is at risk and we need to bear that in mind do not simply do something because that individual has actually stated they’ve made revenue 14 months in a row invest in these options because you think is the right ones for you and that being stated let’s dive straight 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 element that is probably.
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well-known for it’s the option to see what other traders are doing incredible we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash 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 sell whatever they do your money 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 fees included actually vital you comprehend what are the expenses of this now with any platform there will be some expense to obviously 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 zero cost sites then may not charge you for actually buying and selling funds or etfs specific products private stocks.
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there’ll be charges on other parts maybe 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 costs with in particular in this video the next would be things to know before you actually begin purchasing copy trading or copy portfolios and lastly some finest suggestions finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s kick off with charges actually important to understand these now on there’s a couple of costs there isn’t costs to do with really buying and selling fine so commission charges are complimentary nevertheless there are a number of other charges the very first one is withdrawal costs so you can undoubtedly put money in now if you’re in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your cash so you offer your shares you offer your products 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 of course knowing that i’m going to ensure that i’m just withdrawing when i definitely require to now you might say fine that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are just one of those alternatives that they have a lot of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every six months you understand depends totally how you’re investing however that is a fee to remember the 2nd fee that i’ve discussed is that conversion fee now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading 2 and 2 open market anyone at all this is standard they have actually i suppose stuck to 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 cost is there what are they actually giving 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 instead you have to pay their charges now the great aspect of however when you have actually transformed your money you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s actually excellent using that part of their site will not certainly limit you in any way however we have to understand 2 other costs the very first being what’s called spread costs alright and i’m going to show you what i suggest on now a spread charge as i’m going to show you
on is generally the distinction that becomes part of the investment platform between the buy cost and the sale price fine 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 actually suggests that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present cost 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 find this all over this is another manner in which they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to give 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 distinction in between if you’re buying it then you want to sell it and that is how they make a bit of cash on those spread charges it’s typically extremely small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a 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 using cfds yourself too an over night cost is when you’re not doing that buy offer deal in the exact same day okay there’s then an over night charge charged or even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which indicates you’re actually buying the exact possession instead of using leverage anyhow you will not get hit with these fees but these costs are if you’re using leverage and cfds and after that you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you enter into the assistance area this isn’t the overnight costs info you can see precisely 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 and that just applies as i said to cfds there are some surcharges obviously depending upon what you are buying as well this is on your own so keep that in mind however complete charges are totally within their help details all right and we discussed as well as totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of actually using these copy operates they don’t have any extra fees on top of the typical fees that
are there now what you require to remember though is these potentially managed by other individuals entirely or in some cases have actually created portfolios you have actually got a real person doing the management you have to make certain you pick the person that’s right for you much like any line of work this is your monetary assets so we absolutely need to make sure it’s the right person for us prior to we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of different alternatives for us first off 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 credit card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine money possibly this is a fantastic choice for you once again to test the theories fine you might want to purchase tesla or apple or this etf why not use the virtual alternative as a method to kind of safe have fun with it certainly you might have lost out on gains and losses throughout that time naturally if you had actually invested your real cash it permits you to build self-confidence understand the platform so that’s one alternative for you then next week and i’m going to go back 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 keep in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i imply 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 run the risk of simply indicates am i alright with possibly losing a good quantity of this investment or acquiring as
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well now keep in mind everything is ups and downs you will make money you’ll lose money that’s why they make the figure 75 individuals will lose money however that similarly suggests they’ll lose at some time in their journey obviously individuals do make money too and i have actually got videos everything about how you can ensure you are among individuals to really earn money however in this scenario make sure you research study your threat level would you be alright offering your cash to somebody else which is effectively what you’re doing and trusting them make sure you comprehend what they’re buying totally if you’re someone who isn’t wanting to be that risky do not pick somebody who’s totally into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong commodities
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like gold and even oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the 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 provide you a great deal of choices and you can use the system to in fact search for someone that you elegant really following so let’s see possibly we want somebody from unified kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can discover everyone who has actually met that requirements and it does give you a danger element as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to confirm are you alright with this and off you go now another method to really deep dive if we click on this person for example 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 good to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is great so actually for me knowing what i like to buy my individual 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 sort of main food companies and you’ve got you know pharmaceutical and production companies as that. 3Commas Etoro Custom Signals.
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