So to start the answer to Etoro Salt Lake City….Questions that i speak with brand-new investors what if you’re brand new to investing you just do not wish to decide what you really wish to invest and you want someone to do it for you there’s just a number of ways that that can happen the firstly 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 profits will go to them the other thing is naturally you can buy mutual funds particular funds are developed 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 remember this platform is quite advanced you can do cfds which of course cfds are methods of investing financier, market, cost, time, broker, deposit, trade, accounts, evaluation, leverage, crypto, value, funds, efficiency, trades, stocks, properties, markets, copy, service, spread, demonstration, gain access to, withdrawal high threat, trading cfds, social trading, retail financier accounts, demonstration account, previous performance, social trading platform, minimum deposit, service mix, usa llc, trading platform, regulative. 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 presume due to the fact that i utilize 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 give that choice also so you in fact get utilized to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in real companies if you pick to in this particular video we’re discussing how to copy other individuals’s investments with your money so obviously your capital is at threat and we have to bear that in mind do not just do something since that individual has said they’ve made profit 14 months in a row buy these options due to the fact that you think is the best ones for you which being said let’s dive directly 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 most likely.
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popular for it’s the choice to see what other traders are doing unbelievable we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can really state i wish to do precisely what that trader is doing or match that precise portfolio of options and essentially each time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that indicates if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs involved actually critical you understand what are the expenses 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 involved and even a few of the absolutely no cost sites then may not charge you for actually buying and selling etfs or funds private products individual stocks. framework, future outcomes, user score, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, client service, popular investor, joined states, cfds work, etoro review, real cash, copy trading, charge card, etoro demo account, trading charges, unstable instruments. there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know prior to you in fact begin investing in copy trading or copy portfolios and lastly some best suggestions best practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s start with costs really essential to comprehend these now on there’s a couple of costs there isn’t fees to do with really buying and selling alright so commission charges are free however there are a number of other charges the very first one is withdrawal costs so you can obviously put money in now if you’re 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 in the future however when you wish to withdraw your money so you sell your shares you sell your commodities whatever you’re selling the minimum quantity 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 ensure that i’m just withdrawing when i absolutely require to now you may state fine that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are simply among those choices that they have a lot of platforms undoubtedly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every six 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 discussed is that conversion charge now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’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 buying or perhaps 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 2 open market anyone at all this is basic they have i expect stuck to whatever fee they charge for that conversion rate you kind of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge exists what are they really 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 provide me us dollars instead you have to pay their fees now the excellent thing about though when you have actually transformed your money you do not need to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary 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 extra charges so that’s actually great utilizing that part of their site will not certainly limit you in any way nevertheless we have to understand two other charges the very first being what’s called spread charges okay and i’m going to show you what i suggest on now a spread charge as i’m going to show you on is generally the difference that belongs to the financial investment platform in between the buy price and the list price all right it’s their premium on doing both those two 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 means 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 once again so the present price 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 discover this all over this is another manner in which they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you say fine well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to offer it which is how they make a bit of cash on those spread out costs it’s normally incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit cash now the last accomplishment is called an
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over night cost now this is actually essential if you’re in fact using cfds yourself also an overnight charge is when you’re not doing that buy offer deal in the very same day fine there’s then an overnight cost charged or perhaps if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which implies you’re actually buying the specific property rather than using utilize anyhow you won’t get hit with these costs however these costs are if you’re using utilize and cfds and after that you’re going to have these charges if you’re not buy offering in the same day so let’s say if you enter into the aid area this isn’t the overnight charges details you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only applies as i said to cfds there are some surcharges naturally depending on what you are purchasing also this is on your own so keep that in mind however complete fees are totally within their aid info fine and we talked about along with complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different ways of really utilizing these copy works they do not have any additional costs on top of the regular charges that are there now what you need to keep in mind though is these possibly handled by other people totally or often have produced portfolios you have actually got a real person doing the management you have to ensure you choose the person that’s right for you much like any profession this is your financial assets so we definitely require to ensure it’s the best 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’ve got a number of various alternatives for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash but really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash maybe this is a terrific choice for you again to check the theories okay you may want to buy tesla or apple or this etf why not use the virtual option as a method to sort of safe play with it undoubtedly you may have missed out on gains and losses throughout that time of course if you had invested your genuine cash it permits you to develop confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my genuine 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 choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i suggest by that clearly 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 just implies am i alright with possibly losing a good amount of this financial investment or gaining as etoro, trading, account, platform, traders, money, risk, trader, investment, portfolio, cryptocurrency, charges, cfds, cryptocurrencies, financiers, users Etoro Salt Lake City well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose money however that similarly suggests they’ll lose eventually in their journey obviously people do earn money as well and i have actually got videos everything about how you can make certain you’re one of individuals to really earn money but in this situation make sure you research study your danger level would you be alright giving your cash to another person which is effectively what you’re doing and trusting them make certain you comprehend what they’re investing in completely if you’re someone who isn’t wanting to be that dangerous don’t choose somebody who’s totally into crypto or currency conversion think of it you ‘d probably want a backbone of strong products
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like gold or even oil plus more traditional etfs and index funds you might not desire 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 utilize this too really easily over here you can copy individuals now it will provide you a lot of choices and you can use the system to really look for somebody that you fancy really following so let’s see possibly we desire someone from united kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good quantity and i can find everybody who has met that criteria and it does give you a risk element too 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 rather high returns keep in mind it resembles 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 might make 4 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 know ask you to verify are you fine with this and off you go now another way to in fact 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 buying 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 great to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is excellent so really for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s likewise got a little bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production business as that. Etoro Salt Lake City. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund supervisor, etf, coinbase,, liquidity, indexes, market order