We get htis a lot on our site the answer to Etoro Questions Answers….Concerns that i hear from brand-new investors what if you’re brand new to investing you simply do not want to choose what you in fact want to invest and you want somebody to do it for you there’s only a couple of manner ins which that can occur the firstly you can employ a financial investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is obviously 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 as well now if you’re brand new to a total please bear in mind this platform is rather innovative you can do cfds which obviously cfds are ways 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 do not simply assume since i utilize it that you can utilize 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 utilize your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re buying real companies if you choose to in this specific video we’re discussing how to copy other people’s financial investments with your money so clearly your capital is at risk and we need to bear that in mind do not simply do something since that person has said they’ve made profit 14 months in a row purchase these choices because you believe is the best ones for you which being stated let’s dive directly 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 element that is probably.
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famous for it’s the option to see what other traders are doing amazing we don’t usually 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 actually state i want to do precisely what that trader is doing or match that precise portfolio of options and basically every time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that implies if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the fees involved truly critical you comprehend 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 zero cost sites then may not charge you for actually buying and selling etfs or funds private commodities private stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges 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 know before you actually start purchasing copy trading or copy portfolios and lastly some best advice 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 costs really important to understand these now on there’s a number of costs there isn’t costs to do with actually buying and selling alright so commission charges are complimentary nevertheless there are a couple of other costs the very first one is withdrawal fees so you can obviously 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 money so you sell your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m only withdrawing when i definitely need to now you may state all right that’s rather costly 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 just among those choices that they have a lot of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every six months you know depends completely how you’re investing but that is a cost to remember the second fee that i’ve discussed is that conversion cost now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’s fine that fits 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 excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and two open market anybody this is standard they have i expect stuck with whatever charge they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion fee is there what are they actually giving 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 offer me us dollars instead you have to pay their charges now the excellent aspect of though when you have actually transformed your money you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests 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 additional charges so that’s truly good utilizing that part of their site won’t certainly restrict you in any way nevertheless we have to be aware of 2 other costs the very 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 generally the distinction that becomes part of the financial investment platform in between the buy cost 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 right now tesla’s dollar value 599 per share in tesla that actually means that when you want to sell or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present cost of tesla is the worth of a share what’s called spread charges 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 small amount of benefit from you every time you do a purchaser’s share so keep that in mind clearly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you say alright well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to sell it which is how they make a little bit of cash on those spread out costs it’s typically extremely small it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a little bit cash now the last feat is called an
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overnight cost now this is actually essential if you’re really utilizing cfds yourself also an overnight fee is when you’re not doing that buy offer transaction in the same day all right there’s then an overnight cost charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which indicates you’re in fact purchasing the precise property rather than utilizing leverage anyway you will not get hit with these fees however these costs are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s say if you enter into the help section this isn’t the overnight charges details you can see exactly 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 and that just uses as i stated to cfds there are some surcharges of course depending upon what you are purchasing as well this is on your own so keep that in mind however full charges are completely within their help details fine and we spoke about along with complimentary 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 everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of in fact utilizing these copy functions they don’t have any additional fees on top of the typical costs that
exist now what you need to remember though is these potentially handled by other individuals entirely or in some cases have actually produced portfolios you have actually got a genuine individual doing the management you need to make certain you choose the person that’s right for you much like any kind of work this is your monetary assets so we absolutely need to make sure it’s the ideal person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a couple of different alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your credit card information or anything you can basically have this virtual portfolio simulate as if you are using your own money but actually purchase 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 alternative for you once again to test the theories alright you might wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe have fun with it undoubtedly you may have missed out on gains and losses throughout 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 option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to remember before you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i mean 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 risk simply indicates am i fine with possibly losing a great amount of this financial investment or gaining as
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well now keep in mind whatever is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose money but that similarly indicates they’ll lose at some point in their journey certainly people do make money also and i have actually got videos all about how you can ensure you’re one of the people to really generate income however in this situation make sure you research your risk level would you be okay offering your cash to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing completely if you’re someone who isn’t wanting to be that dangerous don’t select somebody who’s totally into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact use this too truly easily over here you can copy people now it will offer you a great deal of choices and you can use the system to actually search for someone that you expensive in fact following so let’s see perhaps we want someone from joined kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a good quantity and i can discover everyone who has actually met that requirements and it does give you a danger 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 indicate somebody will make 56 for you for the next 12 months they could make four 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 then you know ask you to validate are you okay with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she in fact buying 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 excellent to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got a few of mine in fact that i purchase too which is excellent so really for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s likewise got a bit more um of the type of primary food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Questions Answers.
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