So today on Iwata well be talking about Making Bank On Etoro….Questions that i speak with new investors what if you’re brand new to investing you just don’t want to choose what you actually want to invest and you desire someone to do it for you there’s only a number of manner ins which that can occur the to start with you can hire an investment portfolio manager they’ll generally charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is naturally you can buy 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 too now if you’re brand new to an overall please bear in mind this platform is quite advanced you can do cfds which of course cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform do not simply presume because 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 too so you really get utilized to the structure of the site and then when you’re ready to utilize 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 investing in genuine companies if you pick to in this particular video we’re discussing how to copy other people’s investments with your cash so clearly your capital is at danger and we have to bear that in mind do not simply do something since that person has actually said they have actually made revenue 14 months in a row buy these choices because you think is the ideal ones for you and that being said 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 belongs to social trading which is one element that is most likely.
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popular for it’s the choice to see what other traders are doing amazing we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of alternatives and generally each time they make a trade they purchase they sell whatever they do your money will be simulated with it so that indicates if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges involved actually vital you comprehend what are the costs of this now with any platform there will be some cost to obviously these are real 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 absolutely no fee websites then might not charge you for actually buying and selling etfs or funds individual commodities individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 really begin purchasing copy trading or copy portfolios and lastly some best suggestions finest practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s start with costs actually crucial to understand these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling all right so commission charges are free however there are a number of other fees the very first one is withdrawal fees 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 in the future but when you want to withdraw your cash so you sell your shares you sell your commodities 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 naturally knowing that i’m going to ensure that i’m only withdrawing when i absolutely require to now you might say all right that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are simply among those options that they have a lot of platforms certainly are free 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 when every six months you understand depends completely how you’re investing however that is a cost to bear in mind the second charge that i have actually discussed is that conversion cost now with you’re dealing in us dollars just there’s not an option to purchase in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re utilizing trading 2 and 2 open market anybody this is basic they have i expect stuck to whatever charge they charge for that conversion rate you kind of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge is there what are they actually offering 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 instead you have to pay their fees now the great feature of however when you have actually converted your money you do not have to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s truly excellent utilizing that part of their website won’t definitely restrict you in any way however we have to be aware of two other fees the first being what’s called spread fees fine and i’m going to show 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 rate and the sale price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really indicates that when you want to offer or buy as you can see it’s not the price you’re seeing up here let me reveal you that once again so the present cost of tesla is the worth of a share what’s called spread fees is the distinction then in fact 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 each time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to sell so they’re going to give you less back with your sale and you say all right well why does that occur it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to offer it which is how they make a bit of money on those spread out costs it’s usually incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a little bit cash now the last accomplishment is called an
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over night fee now this is actually crucial if you’re actually utilizing cfds yourself also an over night charge is when you’re not doing that buy offer deal in the same day all right there’s then an overnight charge charged and even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which suggests you’re really buying the precise possession instead of using take advantage of anyway you will not get hit with these costs however these costs are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s state if you enter into the aid section this isn’t the over night charges details you can see exactly 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 only applies as i stated to cfds there are some additional charges obviously depending on what you are investing in also this is on your own so keep that in mind however full fees are completely within their aid information alright and we talked about in addition to complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of actually utilizing these copy functions they do not have any extra costs on top of the normal charges that
are there now what you need to bear in mind though is these possibly handled by other people entirely or in some cases have developed portfolios you have actually got a real individual doing the management you need to make certain you choose the person that’s right for you just like any kind of work this is your financial properties so we absolutely need to make sure it’s the ideal person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of various options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your credit card information or anything you can basically have this virtual portfolio imitate as if you are using your own cash but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash maybe this is an excellent choice for you again to check the theories all right you might want to purchase tesla or apple or this etf why not use the virtual option as a way to sort of safe have fun with it obviously you may have missed out on gains and losses during that time obviously if you had invested your genuine money it enables you to construct self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return 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 remember before you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i imply by that certainly 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 implies am i all right with potentially losing a great quantity of this investment or acquiring 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 statistic 75 people will lose money however that equally indicates they’ll lose at some point in their journey undoubtedly people do make money as well and i have actually got videos everything about how you can make sure you’re one of the people to really earn money however in this circumstance ensure you research study your threat level would you be okay giving your cash to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re somebody who isn’t wanting to be that dangerous do not pick somebody who’s totally into crypto or currency conversion think of it you ‘d probably desire a backbone of strong products
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like gold and even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really use this too truly easily over here you can copy individuals now it will offer you a lot of options and you can utilize the system to really search for someone that you expensive in fact following so let’s see possibly we desire somebody from united kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has satisfied that requirements and it does provide you a threat aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of people that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not suggest 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 after that you understand ask you to validate are you all right 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 in fact purchasing so let’s go 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 understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got a few of mine in fact that i purchase too which is great so really for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production companies as that. Making Bank On Etoro.
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