We get this a lot on our site the answer to Blog Trader Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you just don’t want to decide what you really want to invest and you want somebody to do it for you there’s just a couple of manner ins which that can happen the first off you can employ an investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is of course you can purchase mutual funds particular funds are developed once 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 remember this platform is quite advanced you can do cfds which naturally 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 learning about please do study the platform do not just presume because i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that choice also so you actually get utilized to the structure of the site and after that when you’re ready to use 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 buying genuine companies if you choose to in this particular video we’re speaking about how to copy other individuals’s investments with your cash so clearly your capital is at danger and we need to bear that in mind do not simply do something since that person has said they have actually made earnings 14 months in a row invest in these choices because you think is the ideal ones for you and that being stated let’s dive straight in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is most likely.
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famous for it’s the alternative to see what other traders are doing unbelievable we don’t typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can actually state i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and essentially each time they make a trade they buy they offer whatever they do your money will be mimicked with it so that implies 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 also cover is the costs involved actually critical you comprehend what are the costs of this now with any platform there will be some expense to clearly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no charge sites then may not charge you for in fact buying and selling etfs or funds private products private 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 type of charges 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 in fact start buying copy trading or copy portfolios and finally some best recommendations finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s start with costs actually crucial to understand these now on there’s a number of charges there isn’t charges to do with actually buying and selling all right so commission fees are totally free nevertheless there are a number 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 on but when you want to withdraw your cash so you offer your shares you sell your products whatever you’re offering 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 state okay that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are simply among 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 mainly it can be perhaps even once a year as soon as every 6 months you know depends totally how you’re investing but that is a cost to keep in mind the second cost that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk and that’s fine that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading 2 and two open market anyone at all this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you sort of need to accept you understand if you want to use their platform go from uk to us then that conversion cost exists what are they really 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 instead you need to pay their costs now the excellent feature of however when you have actually transformed your money you do not need to invest it immediately 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 convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s really great using that part of their website won’t certainly limit you in any way nevertheless we need to know two other fees the first being what’s called spread charges all right and i’m going to reveal you what i mean on now a spread cost as i’m going to show you
on is basically the difference that belongs to the financial investment platform between the buy price and the sale price fine it’s their premium on doing both those two 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 means that when you want to sell or buy as you can see it’s not the price you’re seeing up here let me show you that once again so the existing cost of tesla is the value of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you state fine well why does that occur it just 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 wish to sell it which is how they make a little bit of money on those spread charges it’s usually exceptionally 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 cash now the last accomplishment is called an
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over night cost now this is truly crucial if you’re in fact using cfds yourself as well an over night charge is when you’re not doing that buy sell transaction in the same day alright there’s then an over night charge charged or even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which means you’re actually buying the exact asset instead of using leverage anyway you will not get hit with these costs but these costs are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you enter into the help section this isn’t the overnight fees information you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night 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 complete costs are totally within their help info okay and we discussed along with free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different ways of actually using these copy works they don’t have any extra costs on top of the typical costs that
are there now what you require to keep in mind though is these potentially handled by other individuals entirely or in some cases have actually created portfolios you’ve got a genuine individual doing the management you have to make sure you choose the individual that’s right for you much like any type of work this is your financial assets so we absolutely require to make certain it’s the best person for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of different choices 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 genuine 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 cash that you’re investing you will not require to put in your credit card details or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is an excellent alternative for you once again to evaluate the theories all right you may want to buy tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe have fun with it certainly you may have lost out on gains and losses throughout that time obviously if you had invested your genuine money it allows you to develop self-confidence comprehend the platform so that’s one option 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 prior to you pick 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 indicate by that undoubtedly 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 indicates am i okay with possibly losing a great quantity of this financial investment or getting as
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well now keep in mind whatever is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 people will lose cash but that equally implies they’ll lose eventually in their journey obviously people do make money also and i have actually got videos all about how you can make sure you’re one of the people to in fact generate income however in this scenario make sure you research your danger level would you be alright offering your money to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re buying completely if you’re somebody who isn’t wanting to be that dangerous don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or perhaps 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 really utilize this too really quickly over here you can copy people now it will give you a great deal of choices and you can use the system to in fact search for someone that you fancy in fact following so let’s see possibly we desire somebody from united kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can discover everybody who has actually fulfilled that requirements and it does offer you a risk factor as well so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns
remember it’s like anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to confirm are you all right with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can in fact 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 know ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine actually that i purchase too which is excellent so actually for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the type of main food companies and you’ve got you know pharmaceutical and production companies as that. Blog Trader Etoro.
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