So to start the answer to Etoro Yes Or No….Questions that i speak with new financiers what if you’re brand new to investing you just don’t wish to choose what you really wish to invest and you want somebody to do it for you there’s just a number of manner ins which that can occur the to start with you can work with a financial investment portfolio manager they’ll generally charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is naturally you can purchase mutual funds particular 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 as well now if you’re brand new to a total please keep in mind this platform is quite innovative you can do cfds which naturally cfds are methods of investing financier, market, charge, time, broker, deposit, trade, accounts, evaluation, take advantage of, crypto, worth, funds, performance, trades, stocks, possessions, markets, copy, service, spread, demo, access, withdrawal high threat, trading cfds, social trading, retail financier accounts, demo account, previous efficiency, social trading platform, minimum deposit, company combination, usa llc, trading platform, regulatory. with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform do not simply assume because i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that option too so you really get utilized to the structure of the website and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying genuine companies if you choose to in this particular video we’re speaking about how to copy other individuals’s financial investments with your money so clearly your capital is at threat and we need to bear that in mind do not simply do something since that individual has actually stated they’ve made revenue 14 months in a row purchase these choices because you think is the right ones for you which being said let’s dive straight 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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popular for it’s the option to see what other traders are doing unbelievable we don’t typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can actually say i want to do precisely what that trader is doing or match that precise portfolio of choices and generally every time they make a trade they purchase they offer whatever they do your money will be imitated with it so that means if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges included really crucial 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 purchasing the selling for you there’s going to be charges included and even some of the zero charge websites then may not charge you for in fact buying and selling etfs or funds individual products specific stocks. structure, future results, user score, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer support, popular investor, joined states, cfds work, etoro review, real cash, copy trading, charge card, etoro demonstration account, trading costs, volatile 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 type of charges 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 understand before you in fact start purchasing copy trading or copy portfolios and lastly some best guidance best practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s begin with costs actually important to understand these now on there’s a couple of charges there isn’t fees to do with actually buying and selling fine so commission fees are free however there are a couple of other costs the first one is withdrawal fees so you can undoubtedly put money in now if you remain 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 later on but when you want to withdraw your cash so you offer your shares you sell your products 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 make sure that i’m only withdrawing when i definitely need to now you might say alright that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are simply among those alternatives that they have a lot of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every 6 months you understand depends totally how you’re investing but that is a charge to bear in mind the 2nd fee that i have actually touched upon is that conversion fee now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk which’s fine that suits me.
The price of profit according to bitcoin stock and button assets percentages
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 fee now when you utilize anyone so if you’re using trading two and 2 free trade anyone at all this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you type of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost is there what are they really providing 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 have to pay their charges now the terrific feature of though when you’ve transformed your money you do not have to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that implies 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 actually excellent using that part of their website won’t certainly restrict you in any way nevertheless we need to know 2 other fees the very first being what’s called spread fees okay and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you on is basically the difference that is part of the financial investment platform in between the buy price and the 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 worth 599 per share in tesla that really suggests that when you wish to buy 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 present price of tesla is the value of a share what’s called spread charges is the distinction then actually to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind clearly 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 say okay well why does that occur it just 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 offer it and that is how they make a little bit of money on those spread out charges it’s normally exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a bit money now the last feat is called an
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over night charge now this is truly important if you’re actually utilizing cfds yourself too an overnight charge is when you’re not doing that buy offer transaction in the very same day all right there’s then an overnight charge charged or even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which indicates you’re really purchasing the exact asset instead of using take advantage of anyhow you won’t get hit with these costs however these fees are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the same day so let’s state if you go into the help 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 fees then for when you’re doing over night or you’re doing over weekends and that just uses as i stated to cfds there are some added fees naturally depending upon what you are investing in too this is on your own so keep that in mind but complete costs are entirely within their assistance details all right and we discussed in addition to free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two various ways of really utilizing these copy functions they do not have any additional charges on top of the regular charges that are there now what you need to bear in mind though is these possibly managed by other individuals totally or sometimes have created portfolios you have actually got a genuine individual doing the management you need to ensure you choose the individual that’s right for you similar to any line of work this is your financial assets so we definitely require to ensure it’s the best person for us prior to we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple of different alternatives for us to start with if you’re brand new to investing i wish 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 will not need to put in your credit card details or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is an excellent option for you once again to test the theories alright you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe have fun with it certainly you may have lost out on gains and losses during that time naturally if you had actually invested your genuine money it allows you to construct confidence comprehend the platform so that’s one option 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 keep in mind before you select someone 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 mean by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just means am i okay with potentially losing a good amount of this financial investment or gaining as etoro, trading, account, platform, traders, money, risk, trader, financial investment, portfolio, cryptocurrency, charges, cfds, cryptocurrencies, financiers, users Etoro Yes Or No well now remember everything is downs and ups you will earn money you’ll lose cash that’s why they make the statistic 75 people will lose cash but that equally indicates they’ll lose at some point in their journey certainly people do make money too and i have actually got videos everything about how you can make sure you are among the people to actually make money however in this situation make certain you research your danger level would you be all right giving your cash to somebody else which is successfully what you’re doing and trusting them make sure you comprehend what they’re purchasing totally if you’re someone who isn’t wishing to be that risky do not pick someone who’s totally into crypto or currency conversion consider it you ‘d probably want a foundation of strong products
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like gold or even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really utilize this too truly easily over here you can copy individuals now it will give you a lot of choices and you can utilize the system to really search for somebody that you elegant in fact following so let’s see possibly we desire somebody from joined kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good amount and i can find everyone who has fulfilled that requirements and it does give you a danger element also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety 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 suggest someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to verify are you fine with this and off you go now another way to actually deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she in fact purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got some of mine actually that i invest in too which is good so in fact for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the sort of primary food business and you have actually got you know pharmaceutical and production business as that. Etoro Yes Or No. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund manager, etf, coinbase,, liquidity, indexes, market order