We get htis a lot on our site the answer to Can We Etoro….Questions that i hear from new investors what if you’re brand new to investing you merely do not want to choose what you in fact want to invest and you want somebody to do it for you there’s just a number of ways that that can take place the firstly you can work with a financial investment portfolio manager they’ll usually charge a quite 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 purchase mutual funds particular funds are developed again with an account supervisor 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 keep in mind this platform is rather 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 finding out about please do study the platform do not simply presume since i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that choice too so you actually get utilized to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re purchasing real companies if you select to in this specific video we’re discussing 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 simply do something because that person has actually stated they’ve made revenue 14 months in a row buy these options because you think is the right ones for you and that being said let’s dive straight 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 aspect that is probably.
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popular for it’s the option 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 implies with our money we can really state i wish to do exactly what that trader is doing or match that exact portfolio of choices and generally whenever they make a trade they purchase they offer whatever they do your money will be imitated with it so that indicates if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges included really critical you understand what are the costs of this now with any platform there will be some cost to undoubtedly 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 some of the no cost websites then might not charge you for really buying and selling etfs or funds specific commodities individual stocks.
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there’ll be costs on other parts possibly 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 reveal you the costs with in particular in this video the next would be things to understand before you actually start purchasing copy trading or copy portfolios and lastly some best advice finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s kick off with costs really crucial to understand these now on there’s a number of costs there isn’t charges to do with in fact buying and selling alright so commission fees are totally free however there are a couple of other fees the first one is withdrawal costs so you can clearly put money in now if you remain 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 in the future but when you wish to withdraw your money so you offer your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m only withdrawing when i definitely require to now you may say fine that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are just among those alternatives that they have a great deal of platforms obviously are 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 six months you know depends entirely how you’re investing however that is a charge to keep in mind the second charge that i have actually discussed is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even 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 using trading 2 and 2 free trade anyone at all this is standard they have i suppose stuck to whatever fee they charge for that conversion rate you kind of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee exists what are they actually providing you in regards to 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 terrific aspect of however 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 money dollars for as long as you like so that indicates the initial day that you buy or convert 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 really great utilizing that part of their site will not certainly limit you in any way nevertheless we have to know two other costs the first being what’s called spread charges alright and i’m going to reveal you what i suggest on now a spread cost as i’m going to reveal you
on is basically the distinction that belongs to the investment platform in between the buy cost and the list price alright it’s their premium on doing both those 2 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 in fact indicates that when you wish to purchase or sell as you can see it’s not the price you’re seeing up here let me reveal you that once again so the present cost of tesla is the worth of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you whenever you do a buyer’s share so keep that in mind clearly it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you say fine well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a bit of cash on those spread fees it’s usually 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 cash now the last accomplishment is called an
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overnight fee now this is actually essential if you’re in fact utilizing cfds yourself too an overnight cost is when you’re not doing that buy sell transaction in the exact same day okay there’s then an overnight fee charged or even if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which implies you’re in fact buying the exact property instead of using utilize anyway you will not get hit with these costs however these fees are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s state if you enter into the assistance section this isn’t the overnight fees 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 and that only applies as i stated to cfds there are some additional charges of course depending on what you are purchasing as well this is on your own so keep that in mind but complete costs are totally within their aid info fine and we spoke about along with free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of in fact using these copy works they do not have any additional charges on top of the normal fees that
exist now what you require to keep in mind though is these potentially handled by other individuals completely or often have actually produced portfolios you’ve got a genuine person doing the management you have to make certain you select the individual that’s right for you just like any profession this is your financial possessions so we absolutely require to ensure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a number of different choices for us first off 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 ways 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 credit card information or anything you can generally have this virtual portfolio simulate as if you are using your own money however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine money perhaps this is an excellent choice for you again to check the theories alright you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe play with it certainly you might have missed out on gains and losses during that time of course if you had invested your genuine money it permits you to construct confidence comprehend the platform so that’s one alternative 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 people and copy portfolios now here’s something to remember prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i indicate by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply indicates am i all right with possibly losing an excellent quantity of this investment or acquiring 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 figure 75 individuals will lose money but that similarly implies they’ll lose at some point in their journey obviously individuals do generate income also and i’ve got videos all about how you can ensure you are among individuals to actually generate income however in this situation make sure you research your threat level would you be all right providing your cash to someone else which is efficiently what you’re doing and trusting them ensure you understand what they’re buying fully if you’re somebody who isn’t wishing 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 commodities
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like gold and even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact use this too really quickly over here you can copy people now it will provide you a lot of options and you can use the system to actually search for someone that you elegant in fact following so let’s see maybe we desire 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 great quantity and i can discover everyone who has satisfied that requirements and it does provide you a danger element 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 number of individuals that have quite high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to guarantee 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 okay with this and off you go now another way to in fact deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she really investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got some of mine actually that i invest in too which is good so really for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s also got a little bit more um of the type of primary food business and you have actually got you know pharmaceutical and production business as that. Can We Etoro.
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