So today on Iwata well be talking about Min Indskud P√• Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely don’t wish to decide what you really wish to invest and you desire somebody to do it for you there’s just a couple of ways that that can happen 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 profits will go to them the other thing is naturally you can buy mutual funds specific funds are developed 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 bear in mind this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform don’t simply assume due to the fact that i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that choice also so you in fact get utilized to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re investing in genuine business if you pick to in this specific video we’re discussing how to copy other people’s financial investments with your cash so certainly your capital is at danger and we need to bear that in mind do not simply do something because that individual has actually said they have actually made earnings 14 months in a row buy these options due to the fact that you think is the right ones for you which being said let’s dive straight 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 aspect that is probably.
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well-known for it’s the alternative to see what other traders are doing incredible we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can in fact state i want to do precisely what that trader is doing or match that specific portfolio of options and basically whenever they make a trade they buy they offer whatever they do your cash will be mimicked with it so that indicates if for example 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 fees included truly important you comprehend what are the costs 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 a few of the no cost websites then might not charge you for in fact buying and selling funds or etfs private commodities specific stocks.
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there’ll be costs on other parts perhaps 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 costs with in particular in this video the next would be things to understand prior to you in fact start investing in copy trading or copy portfolios and finally some best suggestions finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s start with costs actually important to understand these now on there’s a number of fees there isn’t charges to do with in fact buying and selling okay so commission costs are totally free nevertheless there are a couple of other fees the very first one is withdrawal charges so you can obviously put money in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you offer 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 five dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely need 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 somewhere and withdrawal charges are just among those alternatives that they have a great deal of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every six months you understand depends totally how you’re investing however that is a charge to remember the 2nd cost that i have actually touched upon is that conversion cost 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 fits 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 great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading two and 2 free trade anybody this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they actually giving 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 state offer me us dollars rather you have to pay their costs now the excellent aspect of though when you have actually converted your cash you do not need to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s really great utilizing that part of their website will not definitely restrict you in any way however we need to understand 2 other charges the first being what’s called spread fees alright and i’m going to show you what i imply on now a spread charge as i’m going to reveal you
on is generally the distinction that becomes part of the investment platform in between the buy cost and the price alright it’s their premium on doing both those two 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 wish to offer or buy as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present price of tesla is the value of a share what’s called spread fees is the difference then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of make money 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 sell so they’re going to give you less back with your sale and you say alright well why does that happen it simply 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 wish to sell it and that is how they make a bit of cash on those spread out fees it’s typically incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a little bit money now the last feat is called an
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overnight charge now this is actually important if you’re actually utilizing cfds yourself also an over night cost is when you’re refraining from doing that buy offer transaction in the exact same day alright there’s then an over night cost charged and even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which suggests you’re really buying the exact possession instead of using leverage anyhow you won’t get hit with these fees however these charges are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s state if you go into the help area this isn’t the overnight fees information 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 overnight or you’re doing over weekends which only uses as i stated to cfds there are some service charges obviously depending upon what you are investing in also this is on your own so keep that in mind however full charges are totally within their assistance info all right and we talked about as well as totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different ways of really using these copy operates they do not have any extra fees on top of the typical fees that
exist now what you need to keep in mind though is these potentially handled by other people completely or in some cases have actually developed portfolios you have actually got a real person doing the management you need to ensure you choose the person that’s right for you similar to any kind of work this is your financial assets so we definitely require to ensure 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 have actually got a couple of different 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 alternative to invest real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun 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 simulate as if you are utilizing your own money however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money possibly this is an excellent alternative for you once again to test the theories okay you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe have fun with it undoubtedly you might have lost out on gains and losses throughout that time naturally if you had invested your real cash it enables you to construct self-confidence comprehend the platform so that’s one choice 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 people and copy portfolios now here’s something to bear in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i suggest by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of simply indicates am i okay with possibly losing a great amount of this financial investment or getting as
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well now remember everything is ups and downs you will make money you’ll lose money that’s why they make the figure 75 individuals will lose money however that equally indicates they’ll lose at some time in their journey obviously individuals do generate income as well and i have actually got videos everything about how you can make certain you’re one of the people to really earn money but in this scenario ensure you research your risk level would you be fine giving your cash to another person which is effectively what you’re doing and trusting them make certain you comprehend what they’re investing in completely if you’re somebody who isn’t wishing to be that dangerous do not select somebody who’s entirely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products
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like gold or even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually utilize this too truly quickly over here you can copy people now it will provide you a great deal of choices and you can use the system to actually search for somebody that you expensive actually following so let’s see perhaps we want someone from united kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everyone who has fulfilled that requirements and it does provide you a risk 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
keep in mind 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 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 then you know ask you to confirm are you alright with this and off you go now another method to really deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she really investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine in fact that i purchase too which is good so actually for me knowing what i like to buy my individual 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 bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Min Indskud P√• Etoro.
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