So to start the answer to Etoro Dowj….Questions that i hear from brand-new financiers what if you’re brand new to investing you merely do not wish to choose what you actually want to invest and you desire somebody to do it for you there’s just a number of manner ins which that can occur the first off you can work with a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is of course you can buy mutual funds particular funds are produced 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 as well now if you’re brand new to an overall please keep in mind this platform is rather innovative you can do cfds which naturally cfds are ways of investing financier, market, fee, time, broker, deposit, trade, accounts, review, utilize, crypto, worth, funds, performance, trades, stocks, assets, markets, copy, service, spread, demo, gain access to, withdrawal high risk, trading cfds, social trading, retail investor accounts, demonstration account, past efficiency, social trading platform, minimum deposit, company combination, U.S.A. llc, trading platform, regulatory. with not really having the full amount of capital so with anything that you’re discovering please do study the platform don’t simply presume since i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they consider that choice as well so you really 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 threat this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re talking about how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not just do something because that person has actually stated they have actually made revenue 14 months in a row invest in these choices due to the fact that you believe is the right ones for you and that being said let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.
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popular for it’s the choice 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 implies with our money we can really say i wish to do precisely what that trader is doing or match that precise portfolio of choices and basically whenever they make a trade they purchase they sell whatever they do your money will be imitated with it so that suggests if for example 10 of their investment portfolio is 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 critical you understand what are the costs of this now with any platform there will be some expense to obviously these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no fee sites then might not charge you for actually buying and selling funds or etfs private commodities private stocks. structure, future outcomes, user rating, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer care, popular financier, joined states, cfds work, etoro review, genuine cash, copy trading, charge card, etoro demo account, trading charges, volatile instruments. there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges 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 prior to you in fact start buying copy trading or copy portfolios and lastly some best guidance finest practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s start with costs truly essential to understand these now on there’s a number of fees there isn’t costs to do with in fact buying and selling alright so commission fees are totally free however there are a couple of other charges the first one is withdrawal fees so you can undoubtedly put money in now if you’re in the uk we put our uk cash.
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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 cash so you sell your shares you offer your products 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 obviously knowing that i’m going to ensure that i’m just withdrawing when i absolutely need to now you might say okay that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are simply one of those choices that they have a great deal of platforms clearly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every 6 months you know depends completely how you’re investing however 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 dealing in us dollars just there’s not a choice to buy in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading two and 2 open market anybody this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you understand if you want to utilize their platform go from uk to us then that conversion fee exists what are they actually offering 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 state give me us dollars rather you have to pay their fees now the great aspect of however when you’ve converted your money you do not need to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that means 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 additional costs so that’s really great utilizing that part of their website won’t certainly restrict you in any way nevertheless we have to be aware of two other costs the very 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 show you on is basically the distinction that belongs to the financial investment platform between the buy price 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 right now tesla’s dollar worth 599 per share in tesla that actually means that when you want to sell or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current rate of tesla is the worth 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 small amount of benefit from you every time you do a buyer’s share so keep that in mind obviously it’s more expensive to buy than it is to offer so they’re going to provide you less back with your sale and you say all right well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to sell it which is how they make a bit of money on those spread costs it’s usually extremely little it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a bit cash now the last accomplishment is called an
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overnight fee now this is actually crucial if you’re really using cfds yourself as well an over night cost is when you’re refraining from doing that buy sell deal in the very same day okay there’s then an over night cost charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which implies you’re actually buying the specific possession instead of utilizing leverage anyway you will not get hit with these fees but these charges are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you enter into the assistance area this isn’t the over night fees info you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only uses as i stated to cfds there are some added fees of course depending upon what you are purchasing too this is on your own so keep that in mind however complete fees are totally within their help details all right and we discussed along with complimentary 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 everything 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 really using these copy functions they don’t have any additional costs on top of the typical costs that exist now what you require to bear in mind though is these possibly handled by other people entirely or often have developed portfolios you’ve got a genuine individual doing the management you need to ensure you pick the person that’s right for you just like any type of work this is your financial assets so we definitely require to ensure 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 use this function we have actually got a number of various 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 genuine money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not 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 money however really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real cash maybe this is a terrific choice for you once again to test the theories fine you might want to purchase tesla or apple or this etf why not use the virtual choice as a way to sort of safe have fun with it obviously you might have lost out on gains and losses throughout that time naturally if you had invested your genuine cash it enables you to construct self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my genuine 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 pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i mean 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 simply indicates am i fine with potentially losing an excellent amount of this investment or gaining as etoro, trading, account, platform, traders, cash, risk, trader, investment, portfolio, cryptocurrency, fees, cfds, cryptocurrencies, investors, users Etoro Dowj well now keep in mind everything is ups and downs you will earn money you’ll lose cash that’s why they make the statistic 75 people will lose cash but that similarly indicates they’ll lose eventually 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 in fact earn money but in this situation ensure you research your danger level would you be all right giving your cash to another person which is effectively what you’re doing and trusting them ensure you understand what they’re investing in fully if you’re somebody who isn’t wanting to be that risky do not select somebody who’s completely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products
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like gold and even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact utilize this too really easily over here you can copy people now it will offer you a great deal of options and you can use the system to in fact search for someone that you expensive in fact following so let’s see perhaps we desire someone from unified kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a good amount and i can find everybody who has actually met that requirements and it does offer you a risk aspect also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of individuals that have rather high returns remember it resembles anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way 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 verify are you fine with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she in fact 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 good to know ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is good so actually for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s also got a bit more um of the kind of main food companies and you have actually got you know pharmaceutical and production business as that. Etoro Dowj. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund manager, etf, coinbase,, liquidity, indexes, market order