So to start the answer to Etoro Thinkscript….Questions that i speak with brand-new financiers 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 only a couple of manner ins which that can happen the to start with you can work with a financial investment portfolio supervisor they’ll generally charge a rather a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is obviously you can buy mutual funds specific 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 a total please remember this platform is quite advanced you can do cfds which obviously cfds are ways of investing financier, market, fee, time, broker, deposit, trade, accounts, review, take advantage of, crypto, worth, funds, efficiency, trades, stocks, properties, markets, copy, service, spread, demo, access, withdrawal high risk, trading cfds, social trading, retail financier accounts, demo account, previous performance, social trading platform, minimum deposit, business mix, U.S.A. llc, trading platform, regulatory. with not really having the total of capital so with anything that you’re learning about please do study the platform don’t simply presume 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 consider that choice too so you actually get utilized to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying real companies if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your money so clearly your capital is at threat and we need to bear that in mind do not just do something since that individual has actually said they have actually made profit 14 months in a row invest in these options because you believe is the right ones for you which being said let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes 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 incredible we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can actually state i wish 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 offer whatever they do your cash will be simulated with it so that suggests if for example 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 also cover is the charges included actually important you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly 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 a few of the absolutely no cost sites then may not charge you for really buying and selling funds or etfs private products specific stocks. framework, future outcomes, user score, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer care, popular investor, joined states, cfds work, etoro review, real cash, copy trading, credit card, etoro demonstration account, trading charges, volatile 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 type of fees 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 really start purchasing copy trading or copy portfolios and finally some best suggestions finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s start with charges truly crucial to comprehend these now on there’s a number of charges there isn’t charges to do with in fact buying and selling alright so commission costs are totally free however there are a number of other charges the very first one is withdrawal charges so you can obviously 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 in the future but when you want to withdraw your cash 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 five dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m just withdrawing when i absolutely need 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 charges are just one of those choices that they have a great deal 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 as soon as every six months you know depends totally how you’re investing but that is a cost to keep in mind the second fee that i have actually discussed is that conversion fee now with you’re dealing in us dollars just there’s not an alternative to purchase 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 buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading 2 and 2 free trade anybody this is standard they have actually i expect stuck to whatever fee they charge for that conversion rate you kind of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee 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 bargain with them you can’t go to the bank and say give me us dollars rather you have to pay their charges now the fantastic thing about however when you have actually converted your cash you do not have to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s truly great utilizing that part of their site will not definitely limit you in any way nevertheless we have to be aware of two other fees the very first being what’s called spread fees okay and i’m going to reveal you what i imply on now a spread charge as i’m going to show you on is basically the difference that becomes part of the investment platform between the buy rate and the sale price alright 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 suggests that when you wish to purchase or offer as you can see it’s not the cost you’re seeing up here let me show you that once again so the existing price of tesla is the value 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 way that they make a percentage of make money 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 sell so they’re going to give you less back with your sale and you state okay well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to sell it and that 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 but that’s one place every investment firm will again make a little bit cash now the last feat is called an
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over night charge now this is really crucial if you’re actually utilizing cfds yourself also an overnight charge is when you’re not doing that buy offer transaction in the same day okay there’s then an over night cost charged or even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one take advantage of which indicates you’re in fact buying the exact asset instead of using utilize anyhow you will not get hit with these costs but these costs are if you’re utilizing take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s state if you go into the help section this isn’t the over night charges details you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which just uses as i stated to cfds there are some surcharges of course depending upon what you are purchasing also this is on your own so keep that in mind however full fees are entirely within their aid info fine and we talked about in addition to 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 charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of really using these copy functions they do not have any extra charges on top of the typical fees that exist now what you require to bear in mind though is these potentially managed by other individuals entirely or in some cases have developed portfolios you have actually got a real individual doing the management you have to ensure you choose the individual that’s right for you similar to any kind of work this is your monetary possessions so we definitely require to make sure it’s the ideal person for us prior to 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 various alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your credit card details or anything you can essentially have this virtual portfolio simulate as if you are using your own money however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money maybe this is a terrific choice for you once again to test the theories alright you might want to purchase tesla or apple or this etf why not use the virtual choice as a method to type of safe have fun with it undoubtedly you might have missed out on gains and losses during that time naturally if you had invested your genuine money it permits you to build self-confidence understand the platform so that’s one choice 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 people and copy portfolios now here’s something to bear in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i indicate by that certainly 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 implies am i all right with potentially losing a good quantity of this investment or acquiring as etoro, trading, account, platform, traders, money, danger, trader, financial investment, portfolio, cryptocurrency, costs, cfds, cryptocurrencies, financiers, users Etoro Thinkscript well now remember whatever is ups and downs you will generate income you’ll lose cash that’s why they make the fact 75 individuals will lose cash however that similarly indicates they’ll lose at some point in their journey undoubtedly people do earn money also and i have actually got videos all about how you can make certain you are among individuals to actually generate income but in this circumstance make certain you research your danger level would you be alright providing your cash to someone else which is successfully what you’re doing and trusting them ensure you understand what they’re buying completely if you’re somebody who isn’t wanting to be that risky do not pick someone who’s entirely into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or perhaps 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 really easily over here you can copy people now it will give you a great deal of options and you can use the system to actually search for someone that you elegant really following so let’s see perhaps we desire somebody from joined kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a great quantity and i can discover everybody who has satisfied that requirements and it does offer you a risk factor also 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 quite high returns remember 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 might make 4 or minus 50 there’s no other way to guarantee 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 validate are you alright with this and off you go now another way to actually 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 buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is excellent so in fact for me understanding what i like to buy my specific 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 bit more um of the type of primary food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Thinkscript. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund manager, etf, coinbase,, liquidity, indexes, market order