So to start the answer to Etoro Best Features….Questions that i hear from brand-new financiers what if you’re brand new to investing you merely don’t want to decide what you really want to invest and you want someone to do it for you there’s only a number of ways that that can occur the first off you can employ a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is of course you can buy mutual funds particular 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 also now if you’re brand new to a total please bear in mind this platform is rather sophisticated you can do cfds which obviously cfds are methods of investing financier, market, charge, time, broker, deposit, trade, accounts, review, leverage, crypto, value, funds, efficiency, trades, stocks, properties, markets, copy, service, spread, demo, gain access to, withdrawal high threat, trading cfds, social trading, retail investor accounts, demonstration account, previous efficiency, social trading platform, minimum deposit, business combination, usa llc, trading platform, regulative. with not really having the full amount of capital so with anything that you’re discovering please do study the platform do not simply assume because i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that choice also so you in fact get utilized to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in real business if you pick to in this particular video we’re talking about how to copy other people’s financial investments with your cash so obviously your capital is at threat and we need to bear that in mind do not simply do something because that individual has actually said they’ve made revenue 14 months in a row invest in these choices 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 element that is most likely.
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popular for it’s the option to see what other traders are doing incredible we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can actually say i wish to do exactly what that trader is doing or match that specific portfolio of choices and basically every time they make a trade they buy they sell whatever they do your money will be simulated with it so that means if for instance 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 likewise cover is the costs included truly important you understand what are the costs of this now with any platform there will be some cost 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 might not charge you for actually buying and selling etfs or funds individual commodities individual stocks. framework, future outcomes, user score, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer service, popular investor, joined states, cfds work, etoro review, real money, copy trading, credit card, etoro demo account, trading fees, unstable instruments. there’ll be fees on other parts perhaps it’s our fx rate when you’re changing 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 charges with in particular in this video the next would be things to know prior to you really begin investing in copy trading or copy portfolios and finally some best advice 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 fees really essential to understand these now on there’s a number of fees there isn’t charges to do with actually buying and selling okay so commission costs are complimentary however there are a number of other charges the very first one is withdrawal fees so you can obviously put cash 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 but when you want to withdraw your cash 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 five dollars per withdrawal so for me naturally knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you might say all right that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are simply one of those options that they have a great deal 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 maybe even once a year when every six months you understand depends totally how you’re investing but that is a cost to keep in mind the second fee that i have actually discussed is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk which’s great that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading 2 and two free trade anybody 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 wish to use their platform go from uk to us then that conversion charge 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 bargain with them you can’t go to the bank and say give me us dollars instead you need to pay their fees now the terrific feature of though when you’ve converted your money you do not need to invest it right away that dollar value can sit 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 occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s actually excellent using that part of their site will not certainly restrict you in any way however we need to understand two other charges the very first being what’s called spread charges all right and i’m going to show you what i imply on now a spread cost as i’m going to show you on is essentially the distinction that becomes part of the investment platform in between the buy price and the price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that really implies that when you wish to purchase or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the existing cost of tesla is the value of a share what’s called spread charges is the distinction then really to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you every time 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 say alright well why does that occur it just 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 wish to sell it and that is how they make a little bit of cash on those spread charges it’s usually exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit cash now the last feat is called an
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overnight cost now this is really important if you’re really using cfds yourself too an overnight fee is when you’re not doing that buy offer transaction in the exact same day all right there’s then an overnight cost charged and even if you go from the friday to the monday before sailing a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which indicates you’re really purchasing the precise asset rather than utilizing leverage anyway you will not get hit with these costs but these costs are if you’re utilizing take advantage of and cfds and after that 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 aid area this isn’t the overnight fees details 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 overnight or you’re doing over weekends which just uses as i stated to cfds there are some service charges obviously depending upon what you are investing in as well this is on your own so keep that in mind but full fees are completely within their help details alright and we talked about in addition to free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of really using these copy works they do not have any additional charges on top of the normal costs that are there now what you require to keep in mind though is these possibly managed by other individuals totally or often have created portfolios you have actually got a genuine individual doing the management you need to ensure you select the person that’s right for you just like any line of work this is your financial properties so we definitely need to make sure it’s the right individual 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 couple of various alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice 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 will not require to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash maybe this is a terrific option for you again to check the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe have fun with it undoubtedly you may have lost out on gains and losses throughout that time obviously if you had actually invested your real 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 real 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 before you select someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i suggest by that clearly 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 just indicates am i alright with possibly losing a good amount of this financial investment or acquiring as etoro, trading, account, platform, traders, money, risk, trader, financial investment, portfolio, cryptocurrency, costs, cfds, cryptocurrencies, investors, users Etoro Best Features well now remember whatever 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 means they’ll lose at some time in their journey obviously individuals do make money also and i have actually got videos all about how you can make certain you’re one of individuals to really earn money but in this situation ensure you research your danger level would you be okay giving your cash to another person which is successfully what you’re doing and trusting them make sure you understand what they’re investing in totally if you’re somebody who isn’t wishing to be that risky don’t select somebody who’s totally into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or perhaps oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can really use this too actually quickly over here you can copy people now it will offer you a great deal of options and you can use the system to actually search for somebody that you expensive actually following so let’s see maybe we desire somebody from unified kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a good amount and i can discover everyone who has actually fulfilled that criteria and it does provide you a danger factor 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 people that have quite high returns bear in mind it resembles 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 way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to verify are you all right with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually buying 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 understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is excellent so really for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s also got a bit more um of the sort of main food business and you have actually got you understand pharmaceutical and production companies as that. Etoro Best Features. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund supervisor, etf, coinbase,, liquidity, indexes, market order