We get this a lot on our site the answer to Account Statement Etoro….Questions that i speak with new financiers what if you’re brand new to investing you just do not want to decide what you actually wish to invest and you desire somebody to do it for you there’s only a couple of ways that that can take place the first off you can employ a financial investment portfolio supervisor they’ll usually charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 as well now if you’re brand new to an overall please remember this platform is quite advanced you can do cfds which naturally cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform do not simply assume because i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative also so you really get utilized to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in real companies if you pick to in this particular video we’re talking about how to copy other people’s financial investments with your cash so clearly your capital is at danger and we have to bear that in mind do not just do something since that individual has actually stated they’ve made revenue 14 months in a row buy these options due to the fact that you think is the ideal ones for you which being said let’s dive directly 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 probably.
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well-known for it’s the alternative to see what other traders are doing unbelievable we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can actually say i want to do exactly what that trader is doing or match that specific portfolio of choices and basically each time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that suggests if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs included actually critical you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are real companies 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 sites then might not charge you for in fact buying and selling funds or etfs private products individual stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know before you actually start investing in copy trading or copy portfolios and lastly some finest recommendations finest practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s start with fees really crucial to comprehend these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling fine so commission costs are totally free nevertheless there are a couple of other costs the very first one is withdrawal fees so you can undoubtedly put money in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your money so you offer your shares you offer 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 knowing that i’m going to make sure that i’m just withdrawing when i definitely need to now you may say okay that’s rather costly 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 just among those alternatives that they have a lot of platforms certainly 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 when every six months you understand depends entirely how you’re investing however that is a cost to keep in mind the 2nd cost that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not an alternative to buy in euros or uk which’s fine that suits me.
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a lot 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 charge now when you use anybody so if you’re using trading two and two open market anyone at all this is standard they have actually i suppose stuck to whatever fee they charge for that conversion rate you type of have to accept you know if you wish 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 haggle with them you can’t go to the bank and say provide me us dollars instead you have to pay their charges now the fantastic feature of though when you’ve transformed your cash you do not have to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s really excellent utilizing that part of their website won’t definitely restrict you in any way nevertheless we have to understand 2 other fees the first being what’s called spread charges okay and i’m going to show you what i mean on now a spread fee as i’m going to show you
on is basically the difference that belongs to the investment platform between the buy rate and the list price all right 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 want to purchase or sell as you can see it’s not the price you’re seeing up here let me show you that again so the existing rate of tesla is the value of a share what’s called spread costs is the difference then really to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of benefit from you every time you do a purchaser’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to offer you less back with your sale and you state alright well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to offer it and that is how they make a little bit of money on those spread out charges it’s typically extremely small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit money now the last accomplishment is called an
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overnight cost now this is really crucial if you’re really using cfds yourself too an overnight fee is when you’re not doing that buy sell transaction in the exact same day alright there’s then an over night charge charged or 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 actually buying out the etf the stock the product and using time one take advantage of which means you’re in fact buying the precise possession rather than using utilize anyhow you won’t get hit with these costs but these charges are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the same day so let’s say if you go into the aid section this isn’t the over night costs info 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 over night or you’re doing over weekends and that only applies as i stated to cfds there are some additional charges of course depending upon what you are investing in as well this is on your own so keep that in mind but complete costs are totally within their assistance info okay and we spoke about in addition to totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are two various ways of actually using these copy works they do not have any extra charges on top of the regular costs that
exist now what you require to remember though is these possibly managed by other people entirely or in some cases have actually produced portfolios you’ve got a genuine person doing the management you have to make certain you pick the individual that’s right for you similar to any type of work this is your monetary properties so we definitely need to make sure it’s the ideal individual for us prior to 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 various choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your charge card details or anything you can basically have this virtual portfolio mimic as if you are using your own money but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash maybe this is a great choice for you again to test the theories alright you might wish to buy 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 might have missed out on gains and losses during that time of course if you had actually invested your genuine cash it permits 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 real portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to bear in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i suggest by that clearly 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 just indicates am i okay with possibly losing an excellent amount of this financial investment or getting as
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well now keep in mind everything is downs and ups you will earn money you’ll lose cash that’s why they make the statistic 75 people will lose money but that similarly means they’ll lose at some time in their journey undoubtedly people do generate income too and i have actually got videos all about how you can make certain you are among the people to in fact generate income however in this circumstance make sure you research your danger level would you be okay offering your money to somebody else which is efficiently what you’re doing and trusting them ensure you understand what they’re purchasing completely if you’re somebody who isn’t wishing to be that risky do not pick someone who’s entirely into crypto or currency conversion think of it you ‘d most likely desire 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 exact same with who you’re following now as i say you can actually use this too truly quickly over here you can copy people now it will provide you a lot of options and you can use the system to actually look for somebody that you elegant 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 gained at least 10 yeah that sounds fair that sounds a good quantity and i can find everyone who has fulfilled that criteria and it does offer you a danger element too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to verify are you all right with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually 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 little bit so that’s good to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine actually that i purchase too which is excellent so in fact for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production business as that. Account Statement Etoro.
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