We get this a lot on our site the answer to Etoro Trading Hour….Concerns that i hear from brand-new investors what if you’re brand new to investing you simply don’t want to choose what you in fact want to invest and you desire someone to do it for you there’s just a number of manner ins which that can take place the firstly you can hire an investment portfolio supervisor they’ll normally charge a rather a high premium to do that possibly one or two percent of your profits will go to them the other thing is of course you can purchase mutual funds specific funds are produced 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 keep in mind this platform is quite sophisticated you can do cfds which obviously cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform don’t 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 alternative also so you in fact get utilized to the structure of the website and then when you’re ready to use your own money 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 business if you pick to in this specific video we’re discussing how to copy other individuals’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 since that individual has said they have actually made revenue 14 months in a row purchase these options since you think is the ideal ones for you and that being said let’s dive straight in [Music] The things we’re going to cover in this video is understanding 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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well-known for it’s the alternative to see what other traders are doing amazing we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can actually state i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and basically whenever they make a trade they buy they sell whatever they do your cash will be mimicked with it so that suggests if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges included truly vital you understand what are the expenses of this now with any platform there will be some cost to certainly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the zero cost sites then may not charge you for actually buying and selling funds or etfs private commodities private stocks.
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there’ll be fees on other parts possibly 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 charges with in particular in this video the next would be things to understand prior to you actually start investing in copy trading or copy portfolios and lastly some finest suggestions finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s start with costs actually important to comprehend these now on there’s a couple of charges there isn’t fees to do with actually buying and selling all right so commission fees are complimentary however there are a couple of other charges the first one is withdrawal fees so you can clearly put cash in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your money so you sell your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m just withdrawing when i absolutely need to now you may state fine that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are simply one of those choices 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 mainly it can be perhaps even once a year as soon as every 6 months you know depends entirely how you’re investing however that is a cost to remember the second fee that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk which’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway 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 open market anybody this is standard they have i expect stuck with 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 is there what are they really providing 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 rather you have to pay their fees now the excellent feature of though when you have actually converted your cash you do not have to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the initial 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 costs so that’s really excellent utilizing that part of their website won’t certainly restrict you in any way however we have to be aware of 2 other fees the first being what’s called spread fees all right and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is basically the difference that belongs to the investment platform in 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 today tesla’s dollar worth 599 per share in tesla that actually indicates that when you want to sell or buy as you can see it’s not the cost you’re seeing up here let me show you that once again so the current rate of tesla is the worth of a share what’s called spread charges is the distinction 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 make money from you every time you do a buyer’s share so keep that in mind certainly 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 say all right well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference in 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 costs it’s normally extremely little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a little bit money now the last feat is called an
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over night charge now this is actually important if you’re in fact utilizing cfds yourself also an over night charge is when you’re not doing that buy offer deal in the same day okay there’s then an over night cost charged and even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which indicates you’re really purchasing the specific asset rather than utilizing leverage anyway you will not get hit with these charges but these costs are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you enter into the assistance area this isn’t the overnight fees information you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which only applies as i said to cfds there are some added fees naturally depending on what you are purchasing too this is on your own so keep that in mind but complete costs are entirely within their assistance info all right and we spoke about 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 product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of actually using these copy functions they don’t have any additional charges on top of the normal costs that
are there now what you need to keep in mind though is these possibly managed by other individuals totally or in some cases have created portfolios you’ve got a real person doing the management you need to make sure you select the individual 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 individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a number of different options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual methods i believe 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 generally have this virtual portfolio imitate 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 comfortable with using your real money maybe this is a fantastic alternative for you again to test the theories alright you may wish to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it clearly you might have missed out on gains and losses during that time obviously if you had invested your genuine cash it enables you to develop 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 in fact how to copy people and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i indicate by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk just implies am i okay with potentially losing a great amount of this financial investment or getting as
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well now keep in mind everything is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 people will lose money however that similarly implies they’ll lose at some point in their journey obviously individuals do earn money as well and i have actually got videos all about how you can make certain you’re one of individuals to actually make money however in this scenario make sure you research study your danger level would you be okay providing your money to somebody else which is efficiently what you’re doing and trusting them ensure you understand what they’re buying totally if you’re somebody who isn’t wanting to be that dangerous do not select somebody who’s totally into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or even oil plus more standard 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 in fact utilize this too actually easily over here you can copy individuals now it will give you a great deal of options and you can use the system to really search for somebody that you elegant really following so let’s see perhaps we desire someone from joined kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has actually satisfied that requirements and it does give you a danger element as well 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 quite high returns
keep in mind it’s like anything to do with the news or predictions 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 other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to verify are you okay with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she really purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine really that i purchase too which is great so in fact for me understanding what i like to invest in 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 main food companies and you’ve got you know pharmaceutical and production business as that. Etoro Trading Hour.
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