So to start the answer to Ibrahim Chauvin Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply do not wish to decide what you in fact want to invest and you desire someone to do it for you there’s only a number of ways that that can take place the first of all you can work with an investment portfolio manager they’ll normally charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is naturally you can purchase mutual funds particular funds are produced 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 an overall please bear in mind this platform is rather innovative you can do cfds which naturally cfds are ways of investing
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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 due to the fact that i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that option also so you really get utilized to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re buying real business if you select to in this specific video we’re discussing how to copy other individuals’s investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not just do something because that person has actually stated they have actually made profit 14 months in a row purchase these choices since you think is the right ones for you which being stated let’s dive straight in [Music] so the important 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 aspect that is most likely.
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popular for it’s the choice to see what other traders are doing unbelievable we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can actually state i wish to do exactly what that trader is doing or match that specific portfolio of options and essentially each time they make a trade they buy they sell whatever they do your cash will be imitated with it so that indicates if for instance 10 of their investment portfolio remains 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 actually crucial you understand what are the costs of this now with any platform there will be some cost to undoubtedly these are real companies 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 sites then may not charge you for really buying and selling funds or etfs specific commodities specific stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs 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 actually begin buying copy trading or copy portfolios and lastly some best recommendations best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s start with costs actually crucial to comprehend these now on there’s a number of fees there isn’t charges to do with really buying and selling okay so commission charges are complimentary nevertheless there are a number of other charges the very first one is withdrawal costs so you can clearly 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 however when you want to withdraw your cash so you sell your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m just withdrawing when i definitely require to now you may say alright that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are simply one of those choices that they have a lot of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every six months you understand depends entirely how you’re investing but that is a charge to remember the 2nd fee that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not an option to buy in euros or uk and that’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone 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 type of need to accept you understand if you want to utilize their platform go from uk to us then that conversion cost exists what are they really 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 give me us dollars rather you need to pay their charges now the excellent aspect of though when you have actually converted your cash you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that means 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 extra costs so that’s really great utilizing that part of their site will not definitely limit you in any way however we need to be aware of 2 other costs the first being what’s called spread fees alright and i’m going to show you what i suggest on now a spread charge as i’m going to show you
on is generally the distinction that belongs to the financial investment platform between the buy price and the sale price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that actually suggests that when you wish to sell or buy as you can see it’s not the cost you’re seeing up here let me show you that once again so the present rate of tesla is the worth of a share what’s called spread charges is the distinction then really to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of profit from you every time you do a buyer’s share so keep that in mind obviously it’s more pricey to purchase than it is to sell so they’re going to offer you less back with your sale and you state all right well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you want to sell it and that is how they make a little bit of cash on those spread fees it’s usually incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a little bit cash now the last task is called an
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overnight charge now this is actually crucial if you’re actually using cfds yourself too an overnight charge is when you’re refraining from doing that buy offer deal in the exact 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 only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which suggests you’re in fact purchasing the exact asset instead of using utilize anyway you will not get hit with these charges but these fees are if you’re using utilize and cfds and after that you’re going to have these charges if you’re not buy offering in the exact same day so let’s say if you go into the help area this isn’t the over night costs info you can see precisely 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 applies as i said to cfds there are some service charges obviously depending on what you are buying as well this is on your own so keep that in mind however complete charges are completely within their assistance details fine and we talked about along with free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity 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 ways of actually using these copy works they do not have any extra fees on top of the normal costs that
exist now what you need to remember though is these potentially handled by other individuals entirely or in some cases have created portfolios you’ve got a real person doing the management you have to make sure you select the person that’s right for you similar to any line of work this is your financial assets so we absolutely require to make sure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a number of various alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual methods i think 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 essentially have this virtual portfolio simulate as if you are utilizing your own money however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money possibly this is a terrific option for you again to evaluate the theories okay you might want to buy tesla or apple or this etf why not utilize the virtual option as a method to sort of safe play with it certainly you may have missed out on gains and losses during that time naturally if you had actually invested your real money it permits you to develop self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy individuals 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 sure you comprehend what your threat profile is now what do i suggest by that clearly 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 simply suggests am i fine with possibly losing a good amount of this investment or gaining as
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well now keep in mind everything is ups and downs you will make money you’ll lose money that’s why they make the fact 75 people will lose cash but that similarly implies they’ll lose at some time in their journey undoubtedly people do earn money too and i have actually got videos all about how you can make certain you’re one of the people to really make money however in this circumstance make sure you research your threat level would you be okay giving your money to someone else which is successfully 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 somebody who’s completely into crypto or currency conversion think of it you ‘d probably want a backbone 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 use this too actually 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 search for somebody that you expensive really following so let’s see possibly we want 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 an excellent quantity and i can discover everybody who has actually met that requirements and it does provide you a risk aspect also 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 individuals that have quite high returns
remember 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 might 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 know ask you to confirm are you fine with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really buying 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 absolutely like kind of into those blue box and the tech market she’s got some of mine actually that i invest in too which is excellent so really 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 business that seems to be what she chooses she’s also got a little bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production business as that. Ibrahim Chauvin Etoro.
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