So to start the answer to Drawing Tools Etoro….Concerns that i speak with new investors what if you’re brand new to investing you merely do not wish to choose what you actually want to invest and you want somebody to do it for you there’s only a couple of ways that that can occur the to start with you can employ an investment portfolio supervisor they’ll usually charge a quite a high premium to do that possibly a couple of percent of your profits will go to them the other thing is naturally you can buy mutual funds particular funds are developed 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 an overall please bear in mind this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing financier, market, fee, time, broker, deposit, trade, accounts, evaluation, leverage, crypto, value, funds, efficiency, trades, stocks, possessions, markets, copy, service, spread, demonstration, access, withdrawal high danger, trading cfds, social trading, retail investor accounts, demonstration account, previous performance, social trading platform, minimum deposit, service mix, U.S.A. llc, trading platform, regulative. with not really having the full amount of capital so with anything that you’re learning about please do study the platform don’t simply assume since i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that alternative also so you really get used to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re investing in genuine business if you choose to in this specific video we’re talking about how to copy other individuals’s financial investments with your cash so obviously your capital is at risk and we need to bear that in mind do not just do something because that individual has stated they have actually made profit 14 months in a row invest in these choices since you think is the right ones for you which 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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well-known for it’s the alternative to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can actually state i want to do precisely what that trader is doing or match that exact portfolio of options and basically whenever they make a trade they buy they offer whatever they do your cash 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 also cover is the costs included actually critical you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are real 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 no cost websites then may not charge you for actually buying and selling funds or etfs private products individual stocks. structure, future results, user rating, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer support, popular investor, joined states, cfds work, etoro evaluation, real cash, copy trading, charge card, etoro demo account, trading fees, unstable instruments. 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 kinds of costs associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you actually begin investing in copy trading or copy portfolios and lastly some finest recommendations finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s begin with fees really crucial to understand these now on there’s a couple of fees there isn’t charges to do with actually buying and selling all right so commission fees are complimentary nevertheless there are a couple of other costs the very first one is withdrawal charges so you can clearly put money in now if you’re 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 on but when you want to withdraw your money 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 five dollars per withdrawal so for me of course knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may state fine that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are simply among those choices 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 mainly it can be perhaps even once a year once every six months you understand depends totally how you’re investing however that is a charge to keep in mind the 2nd charge 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 great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading two and two open market anyone at all this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you type 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 actually providing 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 need to pay their costs now the fantastic feature of though when you’ve converted your cash you do not need to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the initial day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s truly great using that part of their site will not definitely restrict you in any way nevertheless we need to understand two other charges the very first being what’s called spread charges all right and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you on is generally the distinction that becomes part of the investment platform in between the buy cost and the price alright 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 worth 599 per share in tesla that really suggests that when you wish to purchase or offer as you can see it’s not the cost you’re seeing up here let me reveal you that again so the present price of tesla is the worth of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll find this everywhere this is another way that they make a small amount of profit from you every time you do a buyer’s share so keep that in mind clearly it’s more expensive to purchase than it is to sell so they’re going to give you less back with your sale and you say fine well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to offer it and that is how they make a bit of money on those spread out fees it’s usually exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit money now the last task is called an
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over night charge now this is really essential if you’re actually using cfds yourself also an over night fee is when you’re refraining from doing that buy sell deal in the exact same day fine there’s then an overnight fee charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which suggests you’re in fact purchasing the precise asset instead of utilizing utilize anyhow you won’t get hit with these costs however these costs are if you’re utilizing leverage and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s say if you go into the assistance section this isn’t the over night charges information you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that just uses as i said to cfds there are some added fees obviously depending on what you are buying as well this is on your own so keep that in mind but full costs are completely within their aid details all right and we spoke about 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 regular commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of in fact utilizing these copy operates they do not have any additional fees on top of the normal charges that are there now what you need to remember though is these potentially managed by other people completely or sometimes have actually created portfolios you’ve got a genuine individual doing the management you have to make sure you select the individual that’s right for you much like any kind of work this is your monetary assets so we absolutely require to make certain it’s the ideal 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 alternatives for us firstly 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 ways i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your charge card information or anything you can generally have this virtual portfolio mimic as if you are using your own cash but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash perhaps this is an excellent option for you again to test the theories all right you may want to buy tesla or apple or this etf why not use the virtual choice as a method to sort of safe play with it obviously you might have missed out on gains and losses during that time of course if you had invested your genuine cash it allows you to build self-confidence comprehend the platform so that’s one option for you then next week and i’m going to go back 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 bear in mind before you pick 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 mean by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just means am i all right with possibly losing a good quantity of this financial investment or getting as etoro, trading, account, platform, traders, cash, risk, trader, investment, portfolio, cryptocurrency, costs, cfds, cryptocurrencies, investors, users Drawing Tools Etoro well now remember whatever is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 people will lose cash however that similarly implies they’ll lose at some point in their journey obviously people do generate income also and i have actually got videos all about how you can make certain you are among individuals to actually earn money however in this circumstance make certain you research your threat level would you be alright giving your cash to someone else which is effectively what you’re doing and trusting them ensure you understand what they’re buying totally if you’re someone who isn’t wanting to be that dangerous do not select somebody who’s completely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you might not desire 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 truly easily over here you can copy people now it will give you a lot of options and you can use the system to actually look for somebody that you expensive really following so let’s see possibly we want someone from unified kingdom um who buys let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has met that requirements and it does offer you a threat 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 individuals that have rather high returns keep in mind it resembles anything to do with the news or forecasts of the future this does not indicate 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 easy as clicking the copy button and off you go and then you know ask you to confirm are you alright with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she really investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great 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 invest in too which is great so in fact for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s also got a bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production business as that. Drawing Tools Etoro. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund manager, etf, coinbase,, liquidity, indexes, market order