So to start the answer to Etoro Products….Concerns that i hear from new financiers what if you’re brand new to investing you merely don’t want to decide what you really wish to invest and you want somebody to do it for you there’s just a number of ways that that can take place the first off you can work with an investment portfolio manager they’ll normally 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 obviously you can buy mutual funds particular funds are created 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 an overall please bear in mind this platform is quite sophisticated you can do cfds which of course cfds are methods of investing financier, market, charge, time, broker, deposit, trade, accounts, evaluation, utilize, crypto, value, funds, performance, trades, stocks, assets, markets, copy, service, spread, demo, gain access to, withdrawal high risk, trading cfds, social trading, retail financier accounts, demonstration account, previous efficiency, social trading platform, minimum deposit, company combination, U.S.A. llc, trading platform, regulatory. with not really having the total of capital so with anything that you’re learning more about please do study the platform don’t just assume due to the fact that i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that choice as well so you in fact get utilized to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re purchasing real companies if you select to in this particular video we’re discussing how to copy other individuals’s investments with your cash so certainly your capital is at threat and we need to bear that in mind do not simply do something since that individual has actually said they have actually made revenue 14 months in a row purchase these choices since you think is the right ones for you and that 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 probably.
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popular for it’s the alternative to see what other traders are doing extraordinary we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can in fact say i wish to do precisely what that trader is doing or match that specific portfolio of choices and essentially whenever they make a trade they buy they offer whatever they do your money will be imitated with it so that means 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 likewise cover is the fees included actually important you understand what are the costs of this now with any platform there will be some expense to certainly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero cost websites then might not charge you for actually buying and selling etfs or funds individual commodities private stocks. framework, future results, user score, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, client service, popular investor, united states, cfds work, etoro review, real cash, copy trading, credit card, etoro demonstration account, trading fees, unpredictable instruments. there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand before you in fact start investing in copy trading or copy portfolios and finally some best recommendations finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s kick off with charges truly crucial to comprehend these now on there’s a couple of costs there isn’t costs to do with really buying and selling okay so commission fees are free nevertheless there are a number of other costs the first one is withdrawal charges so you can obviously put money in now if you remain 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 but when you wish to withdraw your money 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 5 dollars per withdrawal so for me of course understanding that i’m going to make certain that i’m only withdrawing when i definitely need to now you might say okay that’s rather 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 charges are just one of those options that they have a lot of platforms undoubtedly 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 6 months you understand depends completely how you’re investing but that is a fee to bear in mind the second fee that i have actually touched upon is that conversion fee now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re utilizing trading 2 and two free trade anyone at all this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you type of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost is there what are they actually providing 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 offer me us dollars instead you need to pay their costs now the great thing about though when you have actually converted your cash you do not need to invest it right away 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 purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s really great using that part of their site won’t definitely restrict you in any way nevertheless we have to understand two other costs the 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 difference that is part of the financial investment platform between the buy rate and the price okay it’s their premium on doing both those two 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 really indicates that when you want to offer or buy as you can see it’s not the price you’re seeing up here let me show you that again so the existing cost of tesla is the worth of a share what’s called spread charges is the difference then actually to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of make money from you whenever 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 fine 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 want to offer it which is how they make a bit of cash on those spread out 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 firm will again make a bit cash now the last task is called an
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overnight fee now this is truly crucial if you’re really utilizing cfds yourself too an overnight charge is when you’re not doing that buy offer transaction in the very same day alright there’s then an overnight cost 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 commodity and utilizing time one take advantage of which implies you’re in fact buying the specific property rather than using utilize anyhow you will not get hit with these charges however these charges are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s state if you enter into the assistance section this isn’t the over night costs info you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that just uses as i said to cfds there are some added fees obviously depending upon what you are buying too this is on your own so keep that in mind however complete charges are totally within their aid information okay and we discussed in addition to free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of actually utilizing these copy operates they do not have any additional charges on top of the regular fees that exist now what you need to remember though is these possibly handled by other people entirely or in some cases have developed portfolios you have actually got a real individual doing the management you need to make certain you choose the individual that’s right for you much like any kind of work this is your monetary assets so we definitely need to make sure it’s the ideal person for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of various options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your credit card details or anything you can generally have this virtual portfolio mimic as if you are using your own money however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real money perhaps this is an excellent choice for you once again to check the theories fine you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to kind 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 money it permits you to construct 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 actually how to copy individuals and copy portfolios now here’s something to remember before you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i suggest by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of just indicates am i alright with potentially losing a good amount of this investment or acquiring as etoro, trading, account, platform, traders, money, risk, trader, investment, portfolio, cryptocurrency, costs, cfds, cryptocurrencies, financiers, users Etoro Products well now remember everything is downs and ups you will generate income you’ll lose cash that’s why they make the figure 75 people will lose cash however that similarly indicates they’ll lose at some point in their journey clearly people do make money too and i have actually got videos everything about how you can ensure you are among individuals to in fact make money but in this situation make certain you research study your threat level would you be okay providing your cash to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re buying fully if you’re somebody who isn’t wanting to be that risky do not select somebody who’s totally into crypto or currency conversion think about it you ‘d probably desire a backbone of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact use this too really quickly over here you can copy people now it will provide you a great deal of options and you can utilize the system to in fact look for somebody that you elegant in fact following so let’s see perhaps we want somebody from unified kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can discover everybody who has actually fulfilled that requirements and it does provide you a risk factor also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have quite high returns remember it’s like anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way 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 fine 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 rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is excellent so actually for me knowing what i like to purchase my private 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 likewise got a little bit more um of the type of main food business and you have actually got you know pharmaceutical and production companies as that. Etoro Products. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund manager, etf, coinbase,, liquidity, indexes, market order