So to start the answer to Etoro Send Private Message….Concerns that i speak with new financiers what if you’re brand new to investing you just do not want to decide what you actually want to invest and you want someone to do it for you there’s only a number of manner ins which that can occur the first of all you can hire a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is obviously you can purchase mutual funds particular funds are produced 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 too now if you’re brand new to an overall please remember this platform is rather advanced you can do cfds which of course cfds are methods of investing investor, market, fee, time, broker, deposit, trade, accounts, review, leverage, crypto, value, funds, performance, trades, stocks, possessions, 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, business mix, U.S.A. llc, trading platform, regulative. with not in fact having the total of capital so with anything that you’re learning about please do study the platform do not just assume since i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they give that choice as well so you really get used to the structure of the website 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 risk this is investing we’re doing you’re investing in genuine business if you pick to in this particular video we’re speaking about how to copy other people’s investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not just do something since that person has stated they’ve made profit 14 months in a row purchase these choices because you believe is the best ones for you which being stated let’s dive directly in [Music] The things we’re going to cover in this video is comprehending 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 choice to see what other traders are doing extraordinary we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our money we can really state i want to do exactly what that trader is doing or match that specific portfolio of choices and essentially whenever they make a trade they buy they sell whatever they do your money will be mimicked with it so that means if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges involved truly important you comprehend what are the costs of this now with any platform there will be some cost to clearly these are genuine 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 absolutely no fee sites then may not charge you for actually buying and selling etfs or funds individual commodities specific stocks. structure, future results, user rating, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer care, popular financier, joined states, cfds work, etoro evaluation, genuine cash, copy trading, charge card, etoro demo account, trading fees, unstable 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 kinds of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to understand before you actually begin investing in copy trading or copy portfolios and finally some best guidance best practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s kick off with costs actually essential to understand these now on there’s a number of charges there isn’t charges to do with in fact buying and selling all right so commission costs are free nevertheless there are a number of other charges the first one is withdrawal charges so you can clearly put cash in now if you’re in the uk we put our uk cash.
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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 money so you sell your shares you offer your commodities whatever you’re selling the minimum amount 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 ensure that i’m just withdrawing when i definitely need to now you might state fine that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are simply one of those choices that they have a lot of platforms undoubtedly are 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 once every 6 months you know depends totally how you’re investing however that is a charge to bear in mind the 2nd charge that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an alternative to buy in euros or uk which’s great that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading two and 2 open market anyone at all this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you type 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 in fact providing you in regards to 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 give me us dollars rather you need to pay their charges now the great aspect of though when you have actually converted your cash you do not have to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies 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 additional charges so that’s really excellent using that part of their site will not definitely limit you in any way nevertheless we have to understand 2 other costs the very first being what’s called spread fees all right and i’m going to show you what i imply on now a spread cost as i’m going to show you on is essentially the difference that belongs to the financial investment platform between the buy price and the list price okay 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 in fact suggests that when you wish to purchase or sell as you can see it’s not the price 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 charges is the difference then in fact to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind obviously 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 okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a little bit of cash on those spread costs it’s typically exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a little bit cash now the last task is called an
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over night fee now this is really crucial if you’re in fact using cfds yourself as well an overnight charge is when you’re refraining from doing that buy offer deal in the very same day okay there’s then an over night charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which means you’re actually buying the specific possession rather than utilizing take advantage of anyhow you will not get hit with these costs but these fees are if you’re utilizing utilize 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 say if you go into the aid area this isn’t the overnight fees info you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that just applies as i said to cfds there are some service charges obviously depending on what you are investing in as well this is on your own so keep that in mind however complete charges are completely within their help information alright and we discussed in addition to totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of in fact using these copy operates they don’t have any additional fees on top of the regular charges that exist now what you require to bear in mind though is these potentially managed by other individuals totally or in some cases have actually created portfolios you’ve got a genuine individual doing the management you have to make certain you pick the individual that’s right for you much like any profession this is your financial properties so we definitely require to make certain it’s the best individual for us before 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 different alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash maybe this is an excellent alternative for you once again to check the theories okay you might wish to buy tesla or apple or this etf why not use the virtual option as a method to type of safe play with it clearly you may have missed out on gains and losses during that time obviously if you had 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 return 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 bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i imply 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 okay with potentially losing a good quantity of this financial investment or gaining as etoro, trading, account, platform, traders, money, danger, trader, financial investment, portfolio, cryptocurrency, costs, cfds, cryptocurrencies, investors, users Etoro Send Private Message well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 individuals will lose money but that equally means they’ll lose at some time in their journey undoubtedly people do generate income also and i’ve got videos everything about how you can make sure you are among the people to in fact make money however in this circumstance make sure you research study your risk level would you be fine giving your money to someone else which is effectively what you’re doing and trusting them make certain you comprehend what they’re investing in totally if you’re somebody who isn’t wishing to be that risky do not select somebody who’s totally into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products
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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 same with who you’re following now as i say you can really use this too really easily over here you can copy people now it will offer you a lot of options and you can utilize the system to in fact look for someone that you fancy in fact following so let’s see perhaps we desire somebody from united kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has actually satisfied that requirements and it does provide you a danger factor too so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of people 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 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 easy as clicking the copy button and off you go and after that you know ask you to confirm are you all right with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she in fact investing in so let’s enter 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 kind of into those blue box and the tech industry she’s got a few of mine really that i buy too which is good so really for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she prefers she’s also got a little bit more um of the type of primary food business and you’ve got you know pharmaceutical and production companies as that. Etoro Send Private Message. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund manager, etf, coinbase,, liquidity, indexes, market order