So to start the answer to How To Set Up A Etoro Pro Account After I Have A Etoro Account….Questions that i speak with new investors what if you’re brand new to investing you simply do not wish to decide what you in fact wish to invest and you want somebody to do it for you there’s just a number of ways that that can happen the to start with you can work with an investment portfolio manager they’ll normally charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is of course you can buy 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 also now if you’re brand new to a total please remember this platform is quite sophisticated you can do cfds which of course cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform don’t just assume since i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that option as well so you really get used 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 obviously your capital is at threat this is investing we’re doing you’re buying real business if you pick to in this specific video we’re speaking about how to copy other people’s investments with your money so certainly your capital is at danger and we need to bear that in mind do not simply do something because that person has stated they’ve made earnings 14 months in a row buy these options because you believe is the ideal ones for you and that being stated let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is probably.
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popular for it’s the alternative to see what other traders are doing amazing we don’t normally 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 money we can actually say i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and generally each time they make a trade they buy they sell whatever they do your cash will be simulated with it so that indicates if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs included really vital you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the zero cost sites then may not charge you for actually buying and selling funds or etfs private commodities private stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know prior to you in fact begin investing in copy trading or copy portfolios and finally some finest suggestions finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s kick off with costs truly important to understand these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling fine so commission fees are complimentary nevertheless there are a number of other fees the first one is withdrawal charges so you can certainly put cash in now if you remain in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your cash so you offer your shares you sell 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 ensure that i’m only withdrawing when i absolutely need to now you may state all right that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are just one of those options that they have a great deal of platforms certainly are complimentary to do such things has this five 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 entirely how you’re investing but that is a fee to keep in mind the second fee that i’ve touched upon 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 suits 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 cost now when you utilize anyone so if you’re utilizing trading 2 and 2 open market anyone at all this is standard they have i expect stuck with 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 fee exists what are they in fact 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 offer me us dollars rather you have to pay their charges now the fantastic aspect of however when you’ve converted your cash you do not need to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that suggests the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s truly great using that part of their site will not definitely restrict you in any way however we need to understand two other costs the very first being what’s called spread charges okay and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you
on is essentially the difference that is part of the financial investment platform in between the buy price 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 website right now tesla’s dollar worth 599 per share in tesla that in fact means that when you want to offer or buy as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing price of tesla is the value of a share what’s called spread charges is the distinction then actually to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of profit from you each time you do a purchaser’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you state okay well why does that occur it simply 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 wish to sell it which is how they make a little bit of money on those spread costs it’s normally extremely little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit money now the last feat is called an
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overnight fee now this is really essential if you’re really utilizing cfds yourself as well an over night fee is when you’re refraining from doing that buy sell transaction in the exact same day all right there’s then an over night charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which implies you’re really purchasing the precise property instead of utilizing leverage anyway you won’t get hit with these fees however these fees are if you’re using 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 enter into the help area this isn’t the overnight costs info 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 applies as i stated to cfds there are some additional charges naturally depending on what you are purchasing as well this is on your own so keep that in mind however complete charges are completely within their help info alright and we spoke about along with complimentary to deposit in but there’s a five dollar charge if you wish 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’ve stated copy trading and copy portfolios are 2 various ways of in fact utilizing these copy operates they don’t have any additional fees on top of the typical charges that
are there now what you require to bear in mind though is these potentially managed by other people entirely or in some cases have actually produced portfolios you have actually got a genuine individual doing the management you have to ensure you pick the individual that’s right for you similar to any type of work this is your monetary possessions so we definitely require to make certain it’s the right 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 different choices for us first of all 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 ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your charge card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own money but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money perhaps this is a terrific choice for you again to evaluate the theories okay you may want to buy tesla or apple or this etf why not use the virtual choice as a method to type of safe have fun with it obviously you might have missed out on gains and losses during that time obviously if you had invested your real cash it permits you to construct self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to keep in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i mean by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just suggests am i alright with potentially losing a good amount of this financial investment or acquiring as
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well now remember everything is downs and ups you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose cash but that equally means they’ll lose at some point in their journey certainly people do earn money too and i have actually got videos all about how you can make sure you are among the people to actually earn money but in this situation make certain you research study your danger level would you be okay offering your cash to someone else which is successfully what you’re doing and trusting them make certain you comprehend what they’re investing in completely if you’re someone who isn’t wishing to be that risky don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d most likely want a foundation of strong products
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like gold and even oil plus more conventional 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 use this too really quickly over here you can copy individuals now it will offer you a great deal of options and you can utilize the system to actually look for somebody that you elegant actually following so let’s see possibly we desire someone from joined kingdom um who purchases let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everybody who has satisfied that criteria and it does provide you a risk factor as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they might make 4 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 then 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 on this person for example ruby mza as an example you can in fact deep dive into what is she really 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 excellent to know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine actually that i purchase too which is great so really for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production business as that. How To Set Up A Etoro Pro Account After I Have A Etoro Account.
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