So to start the answer to Etoro Omer Elazari….Questions that i speak with new financiers what if you’re brand new to investing you just don’t want to decide what you really wish to invest and you desire someone to do it for you there’s just a couple of manner ins which that can occur the first off you can hire an investment portfolio manager they’ll usually 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 naturally you can purchase 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 also now if you’re brand new to a total please remember this platform is rather advanced 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, access, withdrawal high danger, trading cfds, social trading, retail investor accounts, demo account, previous efficiency, social trading platform, minimum deposit, company combination, usa llc, trading platform, regulative. with not really having the full amount of capital so with anything that you’re learning more about please do study the platform do not simply presume since i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they consider that option as well so you in fact get utilized to the structure of the site and then 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 investing in genuine business if you pick to in this specific video we’re speaking about how to copy other individuals’s investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something because that individual has stated they’ve made profit 14 months in a row buy these options due to the fact that you think is the ideal ones for you which being said 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 element that is probably.
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famous for it’s the option to see what other traders are doing extraordinary we do not usually 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 really say i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and essentially every time they make a trade they buy they offer whatever they do your money will be mimicked with it so that implies if for instance 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 charges involved truly vital you comprehend what are the expenses of this now with any platform there will be some expense to certainly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero fee websites then might not charge you for in fact buying and selling etfs or funds individual products private stocks. structure, future outcomes, user rating, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer care, popular investor, joined states, cfds work, etoro evaluation, genuine cash, copy trading, charge card, etoro demonstration account, trading costs, volatile instruments. there’ll be fees on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort 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 know before you in fact begin purchasing copy trading or copy portfolios and lastly some best advice finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s start with fees really important to understand these now on there’s a number of fees there isn’t charges to do with in fact buying and selling okay so commission charges are totally free however there are a number of other costs the very first one is withdrawal charges so you can certainly put money in now if you remain 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 wish to withdraw your money so you sell your shares you sell your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m only withdrawing when i absolutely require to now you may 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 fees somewhere and withdrawal fees are just one of those choices that they have a great deal of platforms clearly are totally free 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 once every six months you understand depends completely how you’re investing however that is a fee to remember the 2nd cost that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s fine that fits me.
The price of profit according to bitcoin stock and button assets percentages
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 excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and 2 open market anyone at all this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you kind of need to accept you know if you wish to utilize their platform go from uk to us then that conversion fee is there what are they actually giving you in regards to 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 instead you have to pay their charges now the fantastic aspect of though when you’ve transformed your cash you do not need to invest it immediately that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests the preliminary 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 charges so that’s truly great utilizing that part of their website will not certainly restrict you in any way however we need to know two other charges the first being what’s called spread costs all right and i’m going to reveal you what i imply on now a spread charge as i’m going to show you on is generally the difference that becomes part of the financial investment platform between the buy rate and the sale price okay 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 value 599 per share in tesla that really suggests that when you want to offer or buy as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current rate of tesla is the worth of a share what’s called spread fees is the distinction then really to buy that share on the platform and you’ll discover 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 pricey to buy than it is to offer so they’re going to offer you less back with your sale and you state 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 offer it which is how they make a bit of money on those spread charges it’s typically extremely little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit cash now the last task is called an
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over night charge now this is truly essential if you’re in fact utilizing cfds yourself as well an over night fee is when you’re refraining from doing that buy offer transaction in the exact same day okay there’s then an overnight charge charged or even if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which implies you’re in fact buying the exact asset instead of utilizing take advantage of anyway you will not get hit with these costs but these fees are if you’re using 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 assistance area this isn’t the overnight costs 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 over night or you’re doing over weekends which only uses as i said to cfds there are some service charges of course depending on what you are purchasing too this is on your own so keep that in mind but complete fees are completely within their assistance information fine and we spoke about as well as totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of in fact using these copy operates they do not have any extra fees on top of the regular charges that exist now what you need to keep in mind though is these possibly handled by other individuals entirely or in some cases have actually produced portfolios you’ve got a genuine person doing the management you need to make sure you select the individual that’s right for you similar to any line of work this is your monetary 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 wish to utilize this function we have actually got a number of various alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are using your own cash but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real cash maybe this is an excellent choice for you once again to evaluate the theories alright you may want to purchase tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe play with it clearly you may have missed out on gains and losses during that time of course if you had actually invested your genuine cash it allows you to develop self-confidence understand the platform so that’s one alternative 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 people and copy portfolios now here’s something to bear in mind before you select 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 suggest by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of simply indicates am i all right with potentially losing an excellent amount of this financial investment or getting as etoro, trading, account, platform, traders, money, threat, trader, financial investment, portfolio, cryptocurrency, costs, cfds, cryptocurrencies, investors, users Etoro Omer Elazari well now keep in mind everything is ups and downs you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose cash but that equally suggests they’ll lose at some time in their journey undoubtedly individuals do earn money as well and i have actually got videos everything about how you can ensure you are among individuals to really generate income however in this situation make sure you research your risk level would you be all right providing your money to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing completely if you’re someone who isn’t wishing to be that risky don’t pick someone who’s totally into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities
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like gold and even 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 state you can really utilize this too actually quickly over here you can copy individuals now it will provide 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 desire someone from united kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a great amount and i can find everybody who has actually fulfilled that criteria and it does provide you a threat aspect as well 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 people that have quite high returns bear in mind it’s like anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they could make 4 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 then you know ask you to verify are you fine with this and off you go now another method 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 really purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got a few of mine actually that i invest in too which is excellent so in fact for me understanding what i like to purchase 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 chooses she’s also got a bit more um of the kind of main food business and you’ve got you know pharmaceutical and production business as that. Etoro Omer Elazari. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund supervisor, etf, coinbase,, liquidity, indexes, market order