So to start the answer to Does Etoro Ask For Citizenship….Questions that i speak with new investors what if you’re brand new to investing you just do not wish to decide what you actually want to invest and you want someone to do it for you there’s only a couple of ways that that can take place the firstly you can hire an investment portfolio supervisor they’ll usually charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds particular funds are developed 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 also now if you’re brand new to a total please remember this platform is rather innovative you can do cfds which naturally cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning more about please do study the platform do not just assume due to the fact that 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 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 naturally your capital is at threat this is investing we’re doing you’re purchasing genuine companies if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your money so obviously your capital is at risk and we have to bear that in mind do not simply do something because that individual has stated they have actually made revenue 14 months in a row buy these options due to the fact that you think is the ideal ones for you and that being stated 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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popular for it’s the choice 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 means with our money we can really say i want to do precisely what that trader is doing or match that exact portfolio of options and generally every time they make a trade they purchase they offer whatever they do your money will be imitated 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 fees included truly important you comprehend what are the expenses of this now with any platform there will be some cost to certainly 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 fee websites then may not charge you for in fact buying and selling funds or etfs individual commodities specific stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand prior to you really begin buying copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s start with costs really important to understand these now on there’s a couple of charges there isn’t fees to do with really buying and selling alright so commission costs are totally free nevertheless there are a couple of other costs the very first one is withdrawal costs so you can undoubtedly put cash 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 but when you want to withdraw your cash so you offer your shares you sell your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m just withdrawing when i absolutely require to now you may say fine that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are just among those choices that they have a lot of platforms obviously are 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 fee to bear in mind the 2nd charge that i’ve discussed is that conversion fee now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk and that’s great that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and 2 free trade anyone at all this is standard they have actually i expect stuck to whatever fee they charge for that conversion rate you type of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge is there what are they in fact 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 offer me us dollars instead you have to pay their charges now the fantastic thing about however when you have actually converted your cash you do not need to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that implies 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 additional charges so that’s actually excellent utilizing that part of their website won’t definitely restrict you in any way nevertheless we need to be aware of two other costs the first being what’s called spread fees alright and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you
on is essentially the distinction that is part of the financial investment platform between the buy rate 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 today tesla’s dollar worth 599 per share in tesla that in fact means that when you wish to purchase or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the existing 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 find this all over this is another manner in which they make a percentage of profit from you every time you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to offer so they’re going to provide you less back with your sale and you state alright well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a little bit of cash on those spread out charges it’s generally exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a little bit cash now the last accomplishment is called an
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over night charge now this is truly important if you’re in fact utilizing cfds yourself too an over night cost is when you’re refraining from doing that buy sell transaction in the very same day okay there’s then an overnight fee charged and even if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one take advantage of which suggests you’re in fact purchasing the specific possession rather than using leverage anyway you won’t get hit with these fees but these fees are if you’re utilizing utilize and cfds and after that you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you go into the aid section this isn’t the overnight 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 which only applies as i stated to cfds there are some added fees naturally depending on what you are buying too this is on your own so keep that in mind however full costs are entirely within their help details okay and we discussed 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 normal product stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of in fact using these copy functions they do not have any additional fees on top of the normal charges that
exist now what you require to bear in mind though is these possibly handled by other people entirely or sometimes have actually produced portfolios you’ve got a real individual doing the management you have to ensure you choose the individual that’s right for you similar to any profession this is your monetary assets so we absolutely require to ensure it’s the best individual for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a couple 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 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 details or anything you can essentially have this virtual portfolio simulate as if you are using your own money however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money maybe this is a great option for you once again to test the theories fine you may want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe play with it undoubtedly you may have lost out on gains and losses throughout that time of course if you had invested your genuine cash it allows you to build confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to remember prior to you select someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i suggest 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 risk just means am i alright with potentially losing a good amount of this financial investment or gaining as
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well now remember 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 but that equally means they’ll lose at some point in their journey undoubtedly individuals do make money also and i have actually got videos all about how you can make certain you are among individuals to in fact make money but in this situation make certain you research your risk level would you be all right giving your cash to another person which is efficiently what you’re doing and trusting them make certain you comprehend what they’re purchasing completely if you’re somebody who isn’t wanting to be that dangerous do not select someone who’s entirely into crypto or currency conversion think about it you ‘d most likely want a foundation of strong commodities
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like gold or even oil plus more standard etfs and index funds you might 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 really quickly over here you can copy people now it will offer you a lot of choices and you can utilize the system to actually search for someone that you elegant actually following so let’s see perhaps we want somebody from united kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a great quantity and i can discover everyone who has fulfilled that criteria and it does offer you a risk element too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people that have rather high returns
bear in mind 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 4 or minus 50 there’s no chance 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 validate are you fine 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 purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is great so actually for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s also got a bit more um of the kind of main food companies and you’ve got you understand pharmaceutical and production companies as that. Does Etoro Ask For Citizenship.
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