So today on Iwata well be talking about Trader For Etoro….Concerns that i speak with brand-new financiers what if you’re brand new to investing you merely don’t want to decide what you actually want to invest and you desire someone to do it for you there’s just a couple of manner ins which that can occur the to start with you can hire a financial investment portfolio manager they’ll usually charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is obviously 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 too 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 methods of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform don’t simply presume due to the fact that 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 money they give that alternative also so you really get used to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying real business if you choose to in this specific video we’re discussing how to copy other people’s financial investments with your money so obviously your capital is at risk and we need 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 choices since you believe is the best ones for you and that being stated let’s dive directly in [Music] so the 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 aspect that is probably.
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well-known for it’s the alternative to see what other traders are doing amazing we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can in fact state i wish to do precisely what that trader is doing or match that specific portfolio of options and basically each time they make a trade they buy they sell whatever they do your money will be mimicked with it so that means if for instance 10 of their 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 fees involved actually important you understand what are the costs of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the buying 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 in fact buying and selling funds or etfs private products individual stocks.
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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 sort of fees 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 before you really start investing in copy trading or copy portfolios and finally some best suggestions best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s start with costs actually crucial 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 number of other fees the first one is withdrawal charges so you can clearly put money in now if you’re 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 later on but when you wish to withdraw your cash 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 naturally knowing that i’m going to ensure that i’m only withdrawing when i definitely require to now you may state alright that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are just one of those choices that they have a great deal of platforms clearly are totally 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 once every six months you understand depends totally how you’re investing however that is a charge to bear in mind the 2nd fee that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an option to buy in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyway 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 cost now when you utilize anybody so if you’re utilizing trading 2 and 2 free trade anyone at all this is basic they have i expect stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion charge is there what are they actually 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 state offer me us dollars instead you have to pay their charges now the excellent feature of though when you have actually transformed your cash you do not need to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the initial 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 charges so that’s actually good utilizing that part of their website won’t definitely limit you in any way nevertheless we need to be aware of 2 other charges the very first being what’s called spread charges alright and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is basically the distinction that becomes part of the financial investment platform between the buy price and the sale price all right 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 actually indicates that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me reveal you that again so the current cost of tesla is the value of a share what’s called spread fees is the difference 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 benefit from you whenever you do a purchaser’s share so keep that in mind certainly it’s more pricey to buy than it is to offer so they’re going to give you less back with your sale and you state fine well why does that happen it simply 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 want to sell it and that is how they make a bit of money on those spread charges it’s normally incredibly little it could be a matter of pens matter of cents in there but 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 fee now this is actually crucial if you’re in fact using cfds yourself too an over night fee is when you’re refraining from doing that buy sell deal in the exact same day okay there’s then an over night charge charged and even if you go from the friday to the monday prior to cruising a weekend cost 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 really purchasing the precise property instead of using leverage anyway you won’t get hit with these costs but these charges are if you’re using utilize and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you enter into the aid area this isn’t the overnight costs details you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which just uses as i stated to cfds there are some added fees of course depending on what you are investing in too this is on your own so keep that in mind however full charges are totally within their aid information alright and we spoke about along with free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of in fact utilizing these copy works they don’t have any additional costs on top of the normal costs that
exist now what you need to keep in mind though is these potentially managed by other people totally or often have produced portfolios you’ve got a real individual doing the management you need to make certain you choose the individual that’s right for you much like any kind of work this is your financial possessions so we absolutely need to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of different alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your charge card details or anything you can basically have this virtual portfolio simulate as if you are using your own money but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine cash maybe this is a fantastic option for you once again to evaluate the theories okay you might want to buy tesla or apple or this etf why not use the virtual alternative as a way to type of safe have fun with it obviously you may have lost out on gains and losses throughout that time obviously if you had invested your real cash 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 real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i imply by that certainly 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 simply means am i okay with possibly losing a great amount of this financial investment or acquiring as
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well now remember whatever is ups and downs you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose cash however that similarly means they’ll lose at some point in their journey undoubtedly people do earn money as well and i’ve got videos all about how you can make sure you are among the people to really generate income however in this circumstance make sure you research study your risk level would you be okay giving your cash to somebody else which is successfully what you’re doing and trusting them make certain you comprehend what they’re investing in fully if you’re someone who isn’t wanting to be that dangerous do not select somebody who’s completely into crypto or currency conversion consider it you ‘d probably want a foundation of strong products
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like gold and even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can actually use this too actually quickly over here you can copy people now it will provide you a great deal of choices and you can utilize the system to really look for someone that you expensive really following so let’s see possibly we want someone from joined kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good amount and i can find everybody who has actually met that requirements and it does provide you a danger aspect 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 quite high returns
remember it resembles anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they could make four 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 then you know ask you to validate are you alright with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she actually 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 great to understand ibm paypal yep she’s absolutely like type 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 actually for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s likewise got a bit more um of the kind of primary food companies and you’ve got you know pharmaceutical and production business as that. Trader For Etoro.
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