So to start the answer to Etoro Credits Equity….Questions that i hear from new financiers what if you’re brand new to investing you merely do not wish to choose what you in fact want to invest and you want somebody to do it for you there’s only a number of ways that that can occur the first of all you can work with an investment portfolio manager they’ll generally 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 produced 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 too now if you’re brand new to a total please remember this platform is rather sophisticated you can do cfds which obviously cfds are methods of investing financier, market, fee, time, broker, deposit, trade, accounts, evaluation, leverage, crypto, worth, funds, performance, trades, stocks, properties, markets, copy, service, spread, demo, gain access to, withdrawal high risk, trading cfds, social trading, retail investor accounts, demonstration account, past performance, social trading platform, minimum deposit, business combination, usa llc, trading platform, regulatory. with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform do not simply assume since i use it that you can utilize 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 actually get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying genuine companies if you pick to in this specific video we’re speaking about how to copy other people’s investments with your money so clearly your capital is at danger and we need to bear that in mind do not just do something because that individual has actually said they’ve made revenue 14 months in a row invest in these choices because you think is the right ones for you which being stated let’s dive straight in [Music] The things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is most likely.
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popular for it’s the option to see what other traders are doing amazing we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can really say i want to do precisely what that trader is doing or match that exact portfolio of choices and essentially each time they make a trade they buy they offer whatever they do your cash will be simulated with it so that implies if for example 10 of their 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 involved truly vital you understand what are the costs of this now with any platform there will be some cost to obviously these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the no charge sites then might not charge you for really buying and selling etfs or funds individual commodities individual stocks. framework, future outcomes, user rating, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer service, popular financier, united states, cfds work, etoro review, real money, copy trading, charge card, etoro demo account, trading fees, unstable instruments. there’ll be costs 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 know before you really begin purchasing copy trading or copy portfolios and finally some best recommendations finest practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s kick off with costs actually crucial to understand these now on there’s a couple of costs there isn’t fees to do with really buying and selling all right so commission costs are complimentary however there are a number of other charges the very first one is withdrawal costs so you can undoubtedly put cash in now if you remain in the uk we put our uk money.
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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 want to withdraw your cash so you sell your shares you sell your products whatever you’re selling the minimum amount 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 make sure that i’m just withdrawing when i definitely require to now you might state fine that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are simply one of those choices that they have a great deal of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every six months you understand depends totally how you’re investing but that is a charge to keep in mind the second fee that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not a choice to buy in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading two and two free trade anybody this is basic they have i expect stuck to whatever cost they charge for that conversion rate you type of have to accept you understand if you want 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 provide me us dollars instead you need to pay their charges now the fantastic feature of though when you have actually converted your money you do not have to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that means 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 extra charges so that’s really great utilizing that part of their site won’t certainly restrict you in any way however we have to understand 2 other costs the very first being what’s called spread fees alright and i’m going to show 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 cost and the sale price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that really suggests that when you wish to purchase or offer as you can see it’s not the price you’re seeing up here let me show you that once again so the existing price of tesla is the worth of a share what’s called spread costs is the distinction then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of make money from you every time you do a buyer’s share so keep that in mind certainly it’s more expensive to purchase than it is to sell so they’re going to offer you less back with your sale and you say all right well why does that occur 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 want to sell it which is how they make a little bit of money on those spread out fees it’s normally incredibly little 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 feat is called an
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over night cost now this is actually crucial if you’re really utilizing cfds yourself also an over night charge is when you’re refraining from doing that buy sell deal in the same day fine there’s then an overnight fee charged and even if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one leverage which suggests you’re in fact buying the exact property instead of utilizing utilize anyway you won’t get hit with these costs however these charges are if you’re utilizing leverage and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you enter into the aid section this isn’t the overnight costs information you can see exactly 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 said to cfds there are some added fees naturally depending on what you are purchasing as well this is on your own so keep that in mind however complete costs are totally within their help info okay and we spoke about along with complimentary to deposit in but 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 cost now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of really utilizing these copy operates they do not have any additional fees on top of the regular charges that exist now what you require to keep in mind though is these possibly managed by other people completely or often have created portfolios you’ve got a genuine individual doing the management you need to make certain you select the person that’s right for you just like any type of work this is your financial properties so we definitely need 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 want to use this function we have actually got a number of different options for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your credit card information or anything you can basically have this virtual portfolio simulate as if you are using your own cash however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash possibly this is an excellent choice for you again to test the theories okay you may wish to purchase tesla or apple or this etf why not utilize the virtual option as a way to sort of safe have fun with it undoubtedly you may have lost out on gains and losses during that time of course if you had actually invested your real money it allows you to develop confidence comprehend the platform so that’s one option 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 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 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 simply implies am i okay with potentially losing a great amount of this financial investment or gaining as etoro, trading, account, platform, traders, cash, danger, trader, investment, portfolio, cryptocurrency, costs, cfds, cryptocurrencies, investors, users Etoro Credits Equity well now keep in mind everything is downs and ups you will generate income you’ll lose money that’s why they make the fact 75 people will lose money however that similarly implies they’ll lose eventually in their journey clearly people do earn money also and i’ve got videos all about how you can make sure you’re one of the people to in fact make money but in this circumstance make certain you research study your danger level would you be okay providing your money to somebody else which is successfully what you’re doing and trusting them make certain you comprehend what they’re investing in fully if you’re someone who isn’t wishing to be that risky do not pick someone who’s entirely into crypto or currency conversion consider it you ‘d probably desire a backbone of strong commodities
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like gold and even oil plus more traditional 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 say you can really utilize this too truly easily over here you can copy people now it will offer you a great deal of options and you can utilize the system to really look for someone that you expensive really following so let’s see perhaps we want someone from united kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can find everybody who has actually satisfied that requirements and it does offer you a risk element as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have quite high returns keep in mind it’s like anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee 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 all right 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 actually investing in so let’s go 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 definitely like type of into those blue box and the tech market she’s got a few of mine actually that i buy too which is good so actually for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s also got a little bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production companies as that. Etoro Credits Equity. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund manager, etf, coinbase,, liquidity, indexes, market order