So to start the answer to Harmony One Proce Etoro….Questions that i hear from new financiers what if you’re brand new to investing you merely do not want to decide what you actually wish to invest and you desire someone to do it for you there’s just a couple of manner ins which that can happen the firstly you can hire an investment portfolio manager they’ll usually charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is obviously you can buy mutual funds specific funds are developed 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 also now if you’re brand new to an overall please keep in mind this platform is quite advanced you can do cfds which of course cfds are ways of investing financier, market, fee, time, broker, deposit, trade, accounts, evaluation, utilize, crypto, value, funds, efficiency, trades, stocks, assets, markets, copy, service, spread, demonstration, access, withdrawal high danger, trading cfds, social trading, retail investor accounts, demo account, past efficiency, social trading platform, minimum deposit, service combination, usa llc, trading platform, regulatory. with not actually having the total of capital so with anything that you’re learning more about please do study the platform do not just presume since i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that option too so you actually get used to the structure of the website and after that when you’re ready to use your own cash 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 real business if you select to in this particular video we’re discussing how to copy other people’s investments with your cash so certainly your capital is at danger and we have to bear that in mind do not simply do something because that individual has said they have actually made profit 14 months in a row purchase these choices due to the fact that you believe is the ideal ones for you and that being stated 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 element that is probably.
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well-known for it’s the alternative 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 and so that means with our money we can actually state i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and essentially each time they make a trade they buy they sell whatever they do your money will be simulated with it so that means if for example 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 included really critical you comprehend what are the expenses of this now with any platform there will be some cost to clearly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero fee sites then may not charge you for actually buying and selling etfs or funds private commodities specific stocks. framework, future results, user rating, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, client service, popular financier, united states, cfds work, etoro review, genuine 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 altering 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 prior to you in fact start investing in copy trading or copy portfolios and lastly some best recommendations best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s kick off with charges actually crucial to understand these now on there’s a couple of costs there isn’t fees to do with in fact buying and selling okay so commission charges are free however there are a couple of other fees the very first one is withdrawal charges so you can obviously put money in now if you’re 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 but when you want to withdraw your money so you sell your shares you sell your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m only withdrawing when i absolutely require to now you may state fine that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are just one of those choices that they have a great deal of platforms obviously are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you understand depends completely how you’re investing but that is a cost to bear in mind the 2nd cost that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not an alternative to buy in euros or uk which’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading two and 2 open market anybody this is standard they have actually i suppose stuck to whatever charge they charge for that conversion rate you sort of have to accept you know if you wish to utilize their platform go from uk to us then that conversion fee exists what are they in fact giving 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 have to pay their fees now the excellent aspect of however when you’ve converted your cash 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 preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s truly great using that part of their site won’t certainly restrict you in any way nevertheless we have to know 2 other charges the very first being what’s called spread fees all right and i’m going to reveal you what i indicate on now a spread charge as i’m going to show you on is generally the difference that belongs to the investment platform between the buy cost and the price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that in fact implies that when you want to buy or offer as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present cost of tesla is the value of a share what’s called spread fees is the difference then in fact to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of profit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to offer so they’re going to offer you less back with your sale and you state alright well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to sell it which is how they make a little bit of money on those spread 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 cash now the last task is called an
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overnight charge now this is actually crucial if you’re really using cfds yourself too an overnight charge is when you’re not doing that buy offer transaction in the very same day alright there’s then an overnight fee charged and even 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 actually buying out the etf the stock the product and using time one utilize which suggests you’re in fact buying the precise property instead of using leverage anyhow you will not get hit with these costs but these charges are if you’re using leverage and cfds and after that you’re going to have these fees if you’re not buy offering in the same day so let’s say if you go into the help area this isn’t the overnight costs information 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 overnight or you’re doing over weekends which just applies as i stated to cfds there are some added fees naturally depending upon what you are investing in as well this is on your own so keep that in mind however complete costs are completely within their help info all right and we discussed in addition to totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of actually utilizing these copy works they don’t have any additional charges on top of the typical fees that are there now what you require to bear in mind though is these possibly handled by other people totally or sometimes have actually produced portfolios you have actually got a real individual doing the management you have to make certain you select the individual that’s right for you just like any type of work this is your financial assets so we definitely require to make certain it’s the ideal individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of various choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own cash however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money possibly this is an excellent choice for you once again to check the theories okay you may want to buy tesla or apple or this etf why not use the virtual option as a way to type of safe play with it undoubtedly you may have missed out on gains and losses during that time naturally if you had actually invested your genuine money it allows you to develop confidence comprehend 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 individuals and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i indicate by that clearly 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 run the risk of just means am i fine with possibly losing a good amount of this financial investment or gaining as etoro, trading, account, platform, traders, money, danger, trader, financial investment, portfolio, cryptocurrency, charges, cfds, cryptocurrencies, investors, users Harmony One Proce Etoro well now keep in mind everything is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 individuals will lose money but that similarly implies they’ll lose at some point in their journey obviously people do make money as well and i have actually got videos all about how you can ensure you are among the people to really make money but in this situation make sure you research your danger level would you be okay offering your money to someone else which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re someone who isn’t wanting to be that dangerous do not pick somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong commodities
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like gold and even oil plus more conventional 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 state you can in fact utilize this too really easily over here you can copy individuals now it will provide you a great deal of choices and you can use the system to actually look for someone that you expensive actually following so let’s see perhaps we want someone from joined kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a great quantity and i can find everybody who has actually satisfied that criteria and it does offer you a danger element also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have quite high returns keep in mind it resembles anything to do with the news or forecasts of the future this does not indicate somebody 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 verify are you okay with this and off you go now another way to really 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 investing in 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 good to know ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got a few of mine actually that i purchase too which is good so actually for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the type of main food business and you have actually got you understand pharmaceutical and production companies as that. Harmony One Proce Etoro. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund supervisor, etf, coinbase,, liquidity, indexes, market order