So to start the answer to Does Etoro Call You When You Open An Account….Concerns that i hear from new investors what if you’re brand new to investing you merely do not wish to choose what you really want to invest and you desire someone to do it for you there’s only a couple of ways that that can occur the to start with you can work with an investment portfolio manager they’ll usually 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 naturally you can purchase mutual funds particular funds are created 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 keep in mind this platform is quite advanced you can do cfds which naturally cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform don’t just assume due to the fact that i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they consider that option also so you actually get utilized to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in genuine companies if you pick to in this specific video we’re talking about how to copy other people’s investments with your cash so obviously your capital is at risk and we have to bear that in mind do not just do something because that individual has stated they’ve made profit 14 months in a row invest in these choices since you believe is the best ones for you which being stated let’s dive directly in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes 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 extraordinary we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our money we can really state i want to do exactly what that trader is doing or match that exact portfolio of choices and generally whenever they make a trade they purchase they sell whatever they do your money will be simulated with it so that means if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs included truly important you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the zero cost sites then might not charge you for really 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 altering from uk to u.s dollars there’s all type of fees 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 understand before you actually begin purchasing copy trading or copy portfolios and finally some best guidance finest practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s kick off with costs really crucial to understand these now on there’s a couple of costs there isn’t costs to do with in fact buying and selling all right so commission charges are complimentary however there are a number of other costs the very first one is withdrawal fees so you can clearly put money in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money so you sell your shares you offer your commodities 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 naturally knowing that i’m going to make sure that i’m just withdrawing when i absolutely need to now you may state all right that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are simply among those alternatives that they have a lot of platforms obviously are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every six months you know depends totally how you’re investing but that is a charge to remember the 2nd fee that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading two and 2 free trade anyone at all this is basic they have actually i suppose stuck to whatever cost they charge for that conversion rate you kind of need to accept you understand if you want to use their platform go from uk to us then that conversion charge exists what are they in fact offering 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 state offer me us dollars instead you have to pay their costs now the fantastic thing about though when you’ve converted your cash you do not have to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that implies the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s really excellent utilizing that part of their site will not certainly restrict you in any way however we need to understand 2 other fees the very first being what’s called spread fees all right and i’m going to reveal you what i indicate on now a spread fee as i’m going to reveal you
on is basically the distinction that becomes part of the financial investment platform between the buy price and the price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that really indicates that when you want to sell or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing cost of tesla is the value of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you state all right well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to offer it which is how they make a little bit of money on those spread fees it’s typically extremely small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a little bit cash now the last accomplishment is called an
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over night fee now this is really important if you’re in fact utilizing cfds yourself as well an overnight charge is when you’re not doing that buy sell deal in the exact same day fine there’s then an over night cost charged and even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which indicates you’re in fact purchasing the exact asset rather than utilizing utilize anyhow you won’t get hit with these costs however these charges are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you enter into the help area this isn’t the overnight fees 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 applies as i stated to cfds there are some additional charges of course depending on what you are buying also this is on your own so keep that in mind however full fees are totally within their assistance information 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 regular commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of in fact utilizing these copy operates they don’t have any extra charges on top of the regular costs that
exist now what you need to remember though is these potentially handled by other individuals totally or often have created portfolios you have actually got a genuine person doing the management you have to ensure you select the person that’s right for you similar to any kind of work this is your financial possessions so we definitely require to ensure it’s the ideal 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’ve got a couple of various choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your credit card information or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is a great alternative for you again to test the theories okay you might want to purchase tesla or apple or this etf why not use the virtual choice as a method to sort of safe have fun with it clearly you may have lost out on gains and losses throughout that time obviously if you had actually invested your genuine money it allows you to develop confidence understand the platform so that’s one alternative 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 individuals and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain 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 risk just means am i all right with potentially losing an excellent amount of this financial investment or gaining as
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well now keep in mind everything is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 people will lose cash however that equally means they’ll lose eventually in their journey certainly individuals do earn money too and i have actually got videos everything about how you can make sure you’re one of the people to really earn money however in this circumstance ensure you research study your threat level would you be okay providing your cash to another person which is efficiently what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re somebody who isn’t wishing to be that risky don’t select someone who’s totally into crypto or currency conversion think of it you ‘d probably want a foundation of strong products
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like gold or even oil plus more conventional 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 say you can actually utilize this too truly easily over here you can copy individuals now it will provide you a great deal of options and you can use the system to in fact search for someone that you elegant really following so let’s see perhaps we desire somebody from unified kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everybody who has fulfilled that criteria and it does give you a risk factor too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to confirm 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 in fact buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got a few of mine actually that i purchase too which is excellent so really for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears 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 business as that. Does Etoro Call You When You Open An Account.
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