So today on Iwata well be talking about Site Same As Etoro….Questions that i hear from brand-new financiers what if you’re brand new to investing you merely don’t want to choose what you really want to invest and you want somebody to do it for you there’s just a number of manner ins which that can take place the to start with you can work with a financial investment portfolio manager they’ll typically 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 specific 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 also now if you’re brand new to an overall please bear in mind this platform is quite advanced you can do cfds which obviously 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 about please do study the platform do not just assume due to the fact that i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they give that alternative as well so you actually get used 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 obviously your capital is at risk this is investing we’re doing you’re investing in genuine business if you choose to in this specific video we’re speaking about how to copy other individuals’s financial investments with your money so obviously your capital is at threat and we have to bear that in mind do not just do something since that person has stated they have actually made earnings 14 months in a row purchase these options due to the fact that you think is the ideal ones for you and that being said let’s dive directly in [Music] so 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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famous for it’s the choice to see what other traders are doing amazing we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can in fact state i want to do exactly what that trader is doing or match that exact portfolio of options and basically each time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that means 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 likewise cover is the costs included really critical you understand what are the costs of this now with any platform there will be some cost to clearly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the absolutely no cost sites then might not charge you for in fact buying and selling funds or etfs individual commodities individual stocks.
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there’ll be fees on other parts maybe 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 show you the fees with in particular in this video the next would be things to know before you actually start purchasing copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s begin with charges actually important to understand these now on there’s a number of charges there isn’t fees to do with really buying and selling all right so commission fees are free however there are a number of other charges the very first one is withdrawal costs so you can certainly put money in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your money so you sell your shares you sell your products whatever you’re selling the minimum amount 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 just withdrawing when i absolutely require to now you may say okay that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are simply among those alternatives that they have a lot of platforms clearly are totally 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 know depends entirely how you’re investing but that is a charge to remember the 2nd charge that i’ve touched upon is that conversion fee now with you’re handling us dollars just there’s not an alternative to buy in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize 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 type of need to accept you understand if you want to utilize their platform go from uk to us then that conversion fee is there what are they in fact offering you in terms of 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 instead you need to pay their fees now the fantastic aspect of however when you’ve converted your cash you do not need to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means the preliminary 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 fees so that’s really good using that part of their site won’t certainly restrict you in any way nevertheless we have to understand 2 other charges the first being what’s called spread fees alright and i’m going to show you what i suggest on now a spread fee as i’m going to reveal you
on is essentially the difference that is part of the financial investment platform in between the buy rate and the list price okay 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 worth 599 per share in tesla that actually indicates that when you wish to purchase or offer as you can see it’s not the rate you’re seeing up here let me show you that once again so the current cost of tesla is the worth of a share what’s called spread fees is the distinction then actually to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind certainly it’s more expensive to buy than it is to offer so they’re going to give you less back with your sale and you state alright well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to sell it and that is how they make a little bit of money on those spread fees it’s typically extremely 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 money now the last feat is called an
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overnight cost now this is truly important if you’re actually utilizing cfds yourself too an overnight fee is when you’re refraining from doing that buy offer transaction in the exact same day okay there’s then an overnight fee charged and even if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one leverage which suggests you’re in fact buying the exact property rather than using take advantage of anyhow you won’t get hit with these charges however these charges are if you’re using leverage and cfds and after that you’re going to have these costs if you’re not buy selling in the exact same day so let’s say if you enter into the assistance area this isn’t the over night fees information you can see precisely 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 uses as i said to cfds there are some service charges naturally depending upon what you are purchasing too this is on your own so keep that in mind but full charges are entirely within their assistance info alright and we spoke about in addition to free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of actually utilizing these copy works they don’t have any extra fees on top of the normal costs that
are there now what you require to bear in mind though is these potentially managed by other people entirely or in some cases have developed portfolios you’ve got a genuine person doing the management you have to make certain you select the person that’s right for you just like any type of work this is your financial properties so we absolutely require to make sure it’s the right person for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of different choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your charge card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine cash perhaps this is an excellent option for you once again to test the theories okay you may want to purchase tesla or apple or this etf why not utilize the virtual option as a way to kind of safe have fun with it obviously you might have lost out on gains and losses throughout that time obviously if you had invested your real money it allows you to develop 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 really how to copy people and copy portfolios now here’s something to keep in mind prior to you choose somebody 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 indicate by that certainly 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 just means am i alright with potentially losing a good amount of this financial investment or getting as
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well now remember everything is ups and downs you will generate income you’ll lose money that’s why they make the figure 75 people will lose cash but that similarly indicates they’ll lose eventually in their journey clearly individuals do earn money as well and i’ve got videos all about how you can make sure you’re one of the people to in fact make money however in this situation make certain you research study your threat level would you be fine giving your money to another person which is efficiently what you’re doing and trusting them make sure you understand what they’re buying completely if you’re someone who isn’t wanting to be that risky don’t pick someone who’s entirely into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong products
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like gold and even oil plus more traditional etfs and index funds you may 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 actually utilize this too really easily over here you can copy individuals now it will offer you a great deal of options and you can utilize the system to in fact search for someone that you elegant really following so let’s see maybe we want somebody from joined kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everyone who has fulfilled that criteria and it does offer you a risk aspect also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns
remember it’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to verify are you okay with this and off you go now another way to really deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she in fact investing in 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 know ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is good so in fact for me knowing what i like to purchase my specific 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 type of main food companies and you’ve got you understand pharmaceutical and production business as that. Site Same As Etoro.
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