So to start the answer to Etoro Siol….Questions that i speak with new financiers what if you’re brand new to investing you merely don’t wish to choose what you in fact wish to invest and you desire someone to do it for you there’s only a couple of manner ins which that can take place the to start with you can hire an investment portfolio supervisor they’ll normally charge a quite a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are created 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 bear in mind this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing investor, market, cost, time, broker, deposit, trade, accounts, evaluation, take advantage of, crypto, value, funds, efficiency, trades, stocks, properties, markets, copy, service, spread, demonstration, gain access to, withdrawal high risk, trading cfds, social trading, retail investor accounts, demo account, past efficiency, social trading platform, minimum deposit, business combination, U.S.A. llc, trading platform, regulatory. with not actually having the total of capital so with anything that you’re discovering please do study the platform do not simply assume because i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they give that alternative also so you actually get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying genuine companies if you pick to in this specific video we’re discussing how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at threat and we have to bear that in mind do not just do something because that person has said they’ve made earnings 14 months in a row buy these choices since 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 element that is most likely.
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famous for it’s the alternative to see what other traders are doing unbelievable we do not typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can really say i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and basically every time they make a trade they purchase they sell whatever they do your money will be imitated with it so that suggests if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs involved actually vital you understand what are the costs of this now with any platform there will be some cost to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the no fee sites then may not charge you for actually buying and selling funds or etfs specific products private stocks. framework, future results, user rating, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer service, popular financier, unified states, cfds work, etoro evaluation, genuine cash, copy trading, charge card, etoro demonstration account, trading fees, unstable instruments. there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of fees 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 know prior to you in fact start buying copy trading or copy portfolios and finally some finest suggestions best practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s begin with costs really essential to understand these now on there’s a couple of fees there isn’t costs to do with really buying and selling alright so commission fees are complimentary nevertheless there are a number of other costs the first one is withdrawal charges so you can clearly put cash in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later however 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 five dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m just withdrawing when i absolutely need to now you may say okay that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply one of those options that they have a lot of platforms certainly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every six months you know depends entirely how you’re investing but that is a cost to remember the second fee that i have actually discussed is that conversion cost now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s great that fits 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 great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading 2 and 2 free trade anybody this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you kind of have to accept you know if you want to utilize their platform go from uk to us then that conversion charge exists 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 provide me us dollars rather you need to pay their costs now the fantastic thing about though when you’ve converted your money you do not need to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the initial 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 costs so that’s actually excellent utilizing that part of their site will not definitely limit you in any way however we have to be aware of two other charges the first being what’s called spread charges fine and i’m going to reveal you what i suggest on now a spread cost as i’m going to reveal you on is basically the distinction that belongs to the financial investment platform between the buy cost and the sale price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that really suggests that when you want to purchase or sell as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current price of tesla is the value of a share what’s called spread fees is the difference then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of benefit from you whenever you do a purchaser’s share so keep that in mind clearly it’s more pricey to buy than it is to sell so they’re going to give 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 great deal of platforms out there there’s a distinction between if you’re buying it then you want to sell it which is how they make a little bit of cash on those spread charges it’s normally 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 accomplishment is called an
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over night cost now this is really crucial if you’re actually utilizing cfds yourself as well an overnight charge is when you’re refraining from doing that buy offer deal in the same day all right there’s then an over night charge charged or even if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one leverage which suggests you’re in fact purchasing the exact property rather than utilizing take advantage of anyway you will not get hit with these fees however these fees are if you’re using take advantage of and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you go into the assistance section this isn’t the over night fees information 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 over night or you’re doing over weekends which only uses as i said to cfds there are some surcharges of course depending upon what you are buying as well this is on your own so keep that in mind but full charges are entirely within their help information all right and we discussed as well as free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different ways of actually using these copy operates they don’t have any extra costs on top of the regular fees that are there now what you need to bear in mind though is these potentially managed by other individuals entirely or in some cases have developed portfolios you’ve got a real person doing the management you need to make certain you pick the person that’s right for you just like any type of work this is your monetary possessions so we definitely need to ensure it’s the best person for us before we copy them so the first things i would call it if you do want to use this function we have actually got a number of different options for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your charge card information or anything you can basically have this virtual portfolio simulate as if you are using your own cash but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash maybe this is a terrific option for you once again to test the theories alright you may want to purchase tesla or apple or this etf why not utilize the virtual option as a method to type of safe play with it clearly you may have missed out on gains and losses throughout that time obviously if you had invested your real money it enables you to develop self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i imply by that obviously 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 risk simply means am i fine with possibly losing a great quantity of this investment or getting as etoro, trading, account, platform, traders, cash, threat, trader, financial investment, portfolio, cryptocurrency, costs, cfds, cryptocurrencies, financiers, users Etoro Siol well now remember whatever is ups and downs you will generate income 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 obviously individuals do earn money as well and i’ve got videos all about how you can make certain you are among individuals to in fact earn money but in this circumstance make certain you research study your threat level would you be fine offering your cash to someone else which is successfully 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 don’t choose somebody who’s totally into crypto or currency conversion think about it you ‘d probably want a foundation of strong products
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like gold or even oil plus more conventional etfs and index funds you may not desire 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 offer you a great deal of options and you can utilize the system to really look for someone that you elegant actually following so let’s see possibly we desire somebody from unified kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has satisfied that requirements and it does give you a threat element as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of individuals that have rather high returns bear in mind it resembles anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they might make four 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 after that you know ask you to validate are you fine with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she actually 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 excellent to understand ibm paypal yep she’s definitely like sort 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 really for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s also got a bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production business as that. Etoro Siol. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund manager, etf, coinbase,, liquidity, indexes, market order