So to start the answer to Etoro Xtp….Questions that i speak with brand-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 just a number of ways that that can take place the to start with you can work with an investment portfolio manager they’ll normally 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 of course you can purchase mutual funds specific funds are developed 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 as well now if you’re brand new to a total please keep in mind this platform is quite advanced you can do cfds which of course cfds are methods of investing investor, market, charge, time, broker, deposit, trade, accounts, evaluation, utilize, crypto, value, funds, efficiency, trades, stocks, possessions, markets, copy, service, spread, demonstration, access, withdrawal high risk, trading cfds, social trading, retail financier accounts, demo account, past efficiency, social trading platform, minimum deposit, company combination, U.S.A. llc, trading platform, regulatory. with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform do not just presume because i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they give that alternative too so you actually get utilized to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re investing in genuine companies if you select to in this particular video we’re talking about how to copy other people’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 said they’ve made profit 14 months in a row purchase these options due to the fact that you believe is the ideal ones for you which being said 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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well-known for it’s the choice to see what other traders are doing extraordinary we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can really say i want to do exactly what that trader is doing or match that specific portfolio of options and basically each time 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 investment portfolio is 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 really vital you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the no cost websites then may not charge you for actually buying and selling etfs or funds individual commodities specific stocks. structure, future outcomes, user score, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, client service, popular financier, unified states, cfds work, etoro review, genuine cash, copy trading, charge card, etoro demonstration account, trading costs, unstable instruments. there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know before you in fact start investing in copy trading or copy portfolios and finally some best advice best practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s start with costs actually essential to comprehend these now on there’s a number of fees there isn’t costs to do with really buying and selling all right so commission charges are free nevertheless there are a couple of other costs the first one is withdrawal costs so you can undoubtedly put cash in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you offer your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m only withdrawing when i definitely require to now you may state okay that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are simply one of those options that they have a great deal of platforms certainly 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 6 months you know depends totally how you’re investing but that is a fee to bear in mind the 2nd charge that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk and that’s fine that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading two and two free trade anybody this is standard they have i suppose stuck to whatever fee they charge for that conversion rate you sort of need to accept you understand if you want to use their platform go from uk to us then that conversion charge is there what are they in fact offering 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 offer me us dollars instead you need to pay their charges now the terrific aspect of though when you have actually transformed your cash you do not need to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies 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 fees so that’s really excellent utilizing that part of their site won’t definitely limit you in any way nevertheless we have to understand two other costs the first being what’s called spread costs all right and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you on is generally the distinction that belongs to the financial investment platform between the buy cost and the list price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that actually suggests that when you wish to purchase or sell as you can see it’s not the cost you’re seeing up here let me show you that again so the present price of tesla is the value of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll find this all over this is another way that they make a small amount of make money from you whenever you do a buyer’s share so keep that in mind obviously it’s more pricey to buy than it is to offer 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 great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it and that is how they make a little bit of money on those spread charges it’s usually extremely small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit cash now the last feat is called an
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overnight fee now this is actually crucial if you’re really utilizing cfds yourself as well an over night cost is when you’re not doing that buy sell transaction in the same day alright there’s then an over night fee charged and 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 in fact buying out the etf the stock the product and utilizing time one leverage which suggests you’re in fact buying the precise property instead of using take advantage of anyhow you will not get hit with these costs however these charges are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s say if you enter into the aid section this isn’t the over night charges 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 only applies as i stated to cfds there are some additional charges obviously depending on what you are investing in also this is on your own so keep that in mind however full fees are totally within their assistance details alright and we talked about as well as totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of actually using these copy functions they don’t have any additional costs on top of the typical costs that are there now what you require to keep in mind though is these potentially handled by other individuals totally or often have actually developed portfolios you have actually got a genuine person doing the management you need to make certain you pick the individual that’s right for you similar to any line of work this is your financial properties so we definitely require to make sure it’s the right person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of various options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the choice 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 won’t need to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are using your own money however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money maybe this is a terrific alternative for you once again to evaluate the theories fine you may wish to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe play with it obviously you may have lost out on gains and losses during that time naturally if you had actually invested your real money it enables you to construct 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 keep in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i indicate by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of simply means am i fine with potentially losing a good quantity of this investment or acquiring as etoro, trading, account, platform, traders, cash, risk, trader, investment, portfolio, cryptocurrency, charges, cfds, cryptocurrencies, financiers, users Etoro Xtp 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 cash but that similarly implies they’ll lose at some time in their journey undoubtedly people do earn money also and i’ve got videos all about how you can ensure you’re one of the people to in fact generate income but in this scenario make certain you research study your danger level would you be okay offering your cash to another person which is efficiently what you’re doing and trusting them make sure you comprehend what they’re purchasing fully if you’re someone who isn’t wishing to be that risky don’t select someone who’s totally into crypto or currency conversion think of it you ‘d probably want a foundation of strong commodities
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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 in fact utilize this too truly quickly over here you can copy people now it will give you a great deal of choices and you can utilize the system to in fact search for someone that you elegant in fact following so let’s see perhaps we desire somebody from united kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a great amount and i can find everyone who has met that requirements and it does provide you a risk factor as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number 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 imply someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you okay with this and off you go now another method to really deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she actually purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is excellent so actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s also got a bit more um of the kind of primary food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Xtp. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund manager, etf, coinbase,, liquidity, indexes, market order