So to start the answer to Xetra Etoro….Questions that i speak with new financiers what if you’re brand new to investing you just don’t want to choose what you really wish to invest and you want someone to do it for you there’s just a number of ways that that can happen the firstly you can employ an investment portfolio manager they’ll normally charge a rather a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular funds are developed 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 an overall please remember this platform is quite innovative you can do cfds which naturally cfds are ways of investing investor, market, charge, time, broker, deposit, trade, accounts, review, leverage, crypto, value, funds, efficiency, trades, stocks, possessions, markets, copy, service, spread, demonstration, access, withdrawal high risk, trading cfds, social trading, retail investor accounts, demonstration account, past performance, social trading platform, minimum deposit, service mix, usa llc, trading platform, regulative. with not really having the total of capital so with anything that you’re learning more about please do study the platform do not just assume since i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they consider that alternative too so you in fact get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re purchasing genuine business if you pick to in this particular video we’re discussing how to copy other people’s investments with your money so obviously your capital is at threat and we need to bear that in mind do not simply do something because that individual has actually said they have actually made revenue 14 months in a row invest in these options since you believe is the best ones for you which being said let’s dive directly 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 most likely.
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famous for it’s the choice to see what other traders are doing unbelievable we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our money we can in fact say i wish to do precisely what that trader is doing or match that exact portfolio of choices and basically every time they make a trade they purchase they offer whatever they do your cash will be mimicked 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 cash in so we’re going to likewise cover is the charges involved actually important you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are genuine 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 might not charge you for in fact buying and selling funds or etfs individual commodities individual stocks. structure, future outcomes, user rating, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer service, popular financier, united states, cfds work, etoro evaluation, genuine money, copy trading, charge card, etoro demonstration account, trading costs, unpredictable instruments. there’ll be fees on other parts perhaps 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 costs with in particular in this video the next would be things to know prior to you really begin purchasing copy trading or copy portfolios and finally some best advice best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s start with charges actually essential to understand these now on there’s a couple of charges there isn’t costs to do with really buying and selling alright so commission charges are totally free however there are a couple of other charges the first one is withdrawal fees so you can clearly put money in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you wish to withdraw your cash so you sell your shares you sell your products whatever you’re selling 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 ensure that i’m only withdrawing when i absolutely need to now you might state alright that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are simply one of those choices that they have a lot of platforms clearly are free 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 when every six months you know depends completely how you’re investing but that is a fee to keep in mind the second cost that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading 2 and 2 free trade anybody this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you type of need to accept you know if you want to use 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 bargain with them you can’t go to the bank and say provide me us dollars rather you need to pay their fees now the terrific thing about though when you’ve transformed your money you do not have to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that means the initial 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 actually good utilizing that part of their website will not certainly restrict you in any way nevertheless we have to understand 2 other costs the first being what’s called spread charges okay and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you on is generally the difference that is part of the investment platform between the buy price 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 site today tesla’s dollar value 599 per share in tesla that in fact suggests that when you want to purchase or offer as you can see it’s not the cost you’re seeing up here let me show you that again so the current price of tesla is the worth of a share what’s called spread charges is the difference 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 every time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to offer so they’re going to offer you less back with your sale and you state fine well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it and that is how they make a little bit of money on those spread out 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 firm will again make a bit cash now the last feat is called an
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over night fee now this is actually essential if you’re actually utilizing cfds yourself as well an over night charge is when you’re not doing that buy offer transaction in the same day fine there’s then an over night fee charged or even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which means you’re really buying the precise property rather than using leverage anyway you won’t get hit with these fees however these charges are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the assistance section this isn’t the overnight charges details you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that only applies as i said to cfds there are some additional charges naturally depending on what you are purchasing too this is on your own so keep that in mind but complete fees are completely within their assistance info fine and we discussed along with totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of actually utilizing these copy functions they don’t have any additional charges on top of the normal costs that exist now what you require to remember though is these possibly handled by other people entirely or often have produced portfolios you have actually got a real individual doing the management you have to ensure you choose the person that’s right for you similar to any line of work this is your monetary possessions so we definitely need to ensure it’s the right 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 options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your charge card details or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash maybe this is an excellent choice for you once again to check the theories okay you might wish to purchase tesla or apple or this etf why not use the virtual choice as a way to sort of safe have fun with it undoubtedly you may have lost out on gains and losses during that time obviously if you had actually invested your real money it allows you to develop self-confidence understand the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy people 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 comprehend what your risk profile is now what do i suggest by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just suggests am i okay with possibly losing an excellent quantity of this financial investment or gaining as etoro, trading, account, platform, traders, cash, threat, trader, investment, portfolio, cryptocurrency, charges, cfds, cryptocurrencies, financiers, users Xetra Etoro well now keep in mind everything is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 people will lose money however that equally suggests they’ll lose at some time in their journey obviously people do earn money also and i have actually got videos everything about how you can make certain you are among the people to really earn money but in this situation make sure you research study your danger level would you be all right offering your money to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re investing in fully if you’re somebody who isn’t wishing to be that dangerous do not choose someone who’s completely into crypto or currency conversion consider it you ‘d probably want a backbone of strong products
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like gold and even oil plus more standard etfs and index funds you may not desire 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 really easily over here you can copy individuals now it will offer you a lot of options and you can use the system to in fact search for somebody that you elegant really following so let’s see perhaps we want somebody from united kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has met that criteria and it does offer you a danger element as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have quite high returns remember it’s like anything to do with the news or forecasts of the future this does not indicate someone will make 56 for you for the next 12 months they could make 4 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 after that you understand ask you to confirm are you okay with this and off you go now another method to actually deep dive if we click on this person for example 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 little bit so that’s excellent to know ibm paypal yep she’s definitely like sort 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 in fact for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s also got a little bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production business as that. Xetra Etoro. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund supervisor, etf, coinbase,, liquidity, indexes, market order