So to start the answer to Waren Bufet Etoro….Questions that i speak with new investors what if you’re brand new to investing you just don’t want to decide what you really want to invest and you want someone to do it for you there’s just a couple of ways that that can happen the first of all you can employ an investment portfolio supervisor they’ll typically charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is naturally you can buy mutual funds particular 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 also 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 ways of investing investor, market, charge, time, broker, deposit, trade, accounts, evaluation, take advantage of, crypto, worth, funds, efficiency, trades, stocks, assets, markets, copy, service, spread, demonstration, access, withdrawal high risk, trading cfds, social trading, retail investor accounts, demonstration account, previous efficiency, social trading platform, minimum deposit, company combination, usa llc, trading platform, regulative. with not in fact having the total of capital so with anything that you’re discovering please do study the platform do not simply assume since i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they consider that alternative as well so you in fact get utilized to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying genuine business if you choose to in this specific video we’re discussing how to copy other individuals’s financial investments with your cash so obviously your capital is at danger and we need to bear that in mind do not just do something since that individual has actually stated they’ve made earnings 14 months in a row invest in these options since you believe is the right ones for you which being said let’s dive directly 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 alternative to see what other traders are doing extraordinary we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can really state i wish to do exactly what that trader is doing or match that specific portfolio of choices and generally each time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that indicates if for example 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 also cover is the costs involved truly crucial you understand what are the expenses of this now with any platform there will be some cost to obviously 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 charge websites then may not charge you for really buying and selling etfs or funds individual products individual stocks. structure, future results, user score, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer service, popular investor, united states, cfds work, etoro evaluation, genuine money, copy trading, charge card, etoro demonstration account, trading costs, volatile instruments. there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know prior to you actually start investing in copy trading or copy portfolios and lastly some best advice finest practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s start with costs actually essential to comprehend these now on there’s a number of fees there isn’t charges to do with in fact buying and selling fine so commission costs are totally free however there are a number of other costs the first one is withdrawal fees so you can obviously put money 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 in the future however when you want to withdraw your money so you sell your shares you offer 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 understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might state okay that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal fees are simply one of those alternatives that they have a lot of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every six months you know depends entirely how you’re investing but that is a charge to remember the 2nd charge that i’ve discussed is that conversion charge now with you’re dealing in us dollars just there’s not an option 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 anyhow or the etfs that i’m buying or 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 using trading two and two free trade anybody this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you kind of need to accept you understand if you want to utilize their platform go from uk to us then that conversion fee exists what are they really offering you in terms of 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 state provide me us dollars rather you need to pay their costs now the excellent feature of though when you have actually converted your cash you do not need to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that means the preliminary 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 won’t certainly limit you in any way nevertheless we have to be aware of 2 other costs the very first being what’s called spread charges all right and i’m going to reveal you what i mean on now a spread cost as i’m going to show you on is essentially the distinction that belongs to the financial investment platform in between the buy cost and the sale price fine 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 really implies that when you wish to offer or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present cost of tesla is the worth of a share what’s called spread charges is the distinction then actually to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money from you each time you do a purchaser’s share so keep that in mind certainly it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you say 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 offer it and that is how they make a little bit of money on those spread out costs it’s usually exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a bit money now the last feat is called an
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over night cost now this is actually important if you’re actually using cfds yourself also an overnight charge is when you’re refraining from doing that buy offer transaction in the very same day all right there’s then an over night cost charged and even if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one take advantage of which implies you’re in fact purchasing the exact possession rather than utilizing utilize anyway you will not get hit with these costs however these charges are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s state if you go into the assistance section this isn’t the over night charges information you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only applies as i stated to cfds there are some additional charges of course depending upon what you are purchasing also this is on your own so keep that in mind however complete charges are entirely within their assistance information fine and we talked about along with complimentary to deposit in but 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 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of in fact using these copy operates they do not have any extra costs 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 entirely or sometimes have developed portfolios you’ve got a genuine person doing the management you need to ensure you select the person that’s right for you just like any kind of work this is your monetary possessions so we definitely require to make sure it’s the best individual 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 choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money possibly this is a terrific choice for you again to evaluate the theories all right you might wish to purchase tesla or apple or this etf why not utilize the virtual option as a method to sort of safe have fun with it clearly you might have missed out on gains and losses during that time of course if you had actually invested your genuine money it permits you to develop self-confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to keep in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i imply by that clearly 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 risk simply indicates am i fine with potentially losing an excellent quantity of this financial investment or getting as etoro, trading, account, platform, traders, money, danger, trader, investment, portfolio, cryptocurrency, costs, cfds, cryptocurrencies, investors, users Waren Bufet Etoro well now keep in mind whatever is downs and ups you will earn money you’ll lose cash that’s why they make the fact 75 people will lose cash but that similarly indicates they’ll lose eventually in their journey undoubtedly people do generate income as well and i have actually got videos all about how you can ensure you’re one of the people to in fact make money but in this scenario ensure you research study your danger level would you be alright giving your cash to another person which is effectively what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re someone who isn’t wishing to be that risky do not select somebody who’s completely into crypto or currency conversion think of it you ‘d most likely want a backbone of strong products
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like gold and even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact utilize this too truly quickly over here you can copy individuals now it will offer you a great deal of choices and you can utilize the system to in fact search for someone that you fancy in fact following so let’s see perhaps we want somebody from unified kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has actually satisfied that criteria and it does give you a danger factor as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of individuals that have rather high returns remember it resembles anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance 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 confirm are you okay 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 in fact buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is great so in fact for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s also got a little bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production business as that. Waren Bufet Etoro. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund supervisor, etf, coinbase,, liquidity, indexes, market order