We get htis a lot on our site the answer to Etoro Copy Trading Faq….Questions that i hear from new investors what if you’re brand new to investing you simply don’t want to choose what you really wish to invest and you desire someone to do it for you there’s only a number of manner ins which that can occur the firstly you can employ an investment portfolio supervisor they’ll generally charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is of course 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 too now if you’re brand new to a total please bear in mind this platform is rather innovative you can do cfds which of course 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 don’t simply assume because i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they consider that alternative as well so you actually get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying real companies if you select to in this particular video we’re discussing how to copy other people’s investments with your money so clearly your capital is at threat and we need to bear that in mind do not simply do something since that individual has said they have actually made profit 14 months in a row invest in these choices due to the fact that you think is the right 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 understanding what is copy trading what are copy portfolios it becomes part of social trading which is one element that is probably.
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popular for it’s the alternative to see what other traders are doing incredible we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can actually state i wish to do precisely what that trader is doing or match that specific portfolio of options and basically every time they make a trade they buy they sell whatever they do your money will be mimicked with it so that implies if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs involved actually important you understand what are the costs of this now with any platform there will be some cost to certainly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the absolutely no fee sites then may not charge you for really buying and selling funds or etfs individual products individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand prior to you really begin investing in copy trading or copy portfolios and lastly some best suggestions best practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s kick off with fees truly essential to understand these now on there’s a number of costs there isn’t charges to do with actually buying and selling okay so commission fees are free however there are a number of other charges the first one is withdrawal fees so you can obviously put cash in now if you remain 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 but when you wish to withdraw your money so you offer your shares you sell your products whatever you’re offering 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 ensure that i’m just withdrawing when i definitely 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 need to charge costs someplace and withdrawal fees are just one of those options that they have a great deal of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every six months you understand depends entirely how you’re investing but that is a charge to remember the second cost that i’ve discussed is that conversion charge now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk and that’s fine that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and 2 open market anyone at all this is basic they have actually i expect stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion cost exists what are they actually offering 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 give me us dollars rather you have to pay their charges now the excellent feature of though when you have actually transformed your money you do not need to invest it immediately that dollar value can sit in your portfolio as money 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 occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s truly excellent using that part of their website will not certainly restrict you in any way however we need to know 2 other charges the very first being what’s called spread charges fine and i’m going to show you what i mean on now a spread charge as i’m going to reveal you
on is essentially the distinction that belongs to the financial investment platform between the buy cost and the list price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that really implies that when you wish to sell or buy as you can see it’s not the price you’re seeing up here let me reveal you that again so the current rate of tesla is the worth of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll find 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 undoubtedly it’s more pricey to buy than it is to offer so they’re going to give you less back with your sale and you state alright well why does that occur it simply 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 want to sell it which is how they make a little bit of cash on those spread costs it’s typically incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a bit money now the last feat is called an
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over night fee now this is really crucial if you’re really using cfds yourself as well an over night cost is when you’re refraining from doing that buy sell deal in the exact same day alright there’s then an overnight charge charged and even if you go from the friday to the monday prior to 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 leverage which suggests you’re actually buying the precise property rather than using utilize anyway you will not get hit with these fees however these charges are if you’re utilizing take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the same day so let’s state if you enter into the aid area this isn’t the over night charges details you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which only applies as i said to cfds there are some additional charges obviously depending upon what you are investing in also this is on your own so keep that in mind however full fees are totally within their aid information fine and we talked about as well as complimentary to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of really utilizing these copy operates they do not have any additional fees on top of the regular costs that
are there now what you need to bear in mind though is these potentially handled by other individuals completely or often have actually developed portfolios you’ve got a genuine person doing the management you need to ensure you choose the person that’s right for you similar to any line of work this is your financial assets so we definitely need to ensure it’s the best 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 have actually got a number of different choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine cash 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 won’t need to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own cash but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine money perhaps this is a great option for you once again to check the theories all right you may want 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 may have missed out on gains and losses during that time of course 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 real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to keep in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i indicate by that clearly 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 run the risk of just means am i all right with potentially losing a great quantity of this financial investment or gaining as
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well now keep in mind everything is ups and downs you will earn money you’ll lose cash that’s why they make the figure 75 people will lose cash but that similarly suggests they’ll lose eventually in their journey clearly individuals do make money also and i have actually got videos all about how you can make sure you’re one of individuals to actually make money however in this scenario ensure you research your risk level would you be alright giving your cash to another person which is efficiently what you’re doing and trusting them make certain you comprehend what they’re purchasing fully if you’re somebody who isn’t wishing to be that dangerous do not select somebody who’s entirely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong commodities
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like gold or even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually utilize this too truly easily over here you can copy individuals now it will offer you a great deal of choices and you can use the system to really search for someone that you elegant actually following so let’s see perhaps we want someone from unified kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a great quantity and i can discover everyone who has fulfilled that criteria and it does offer you a danger element also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have quite high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not mean 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 simple as clicking the copy button and off you go and then you understand ask you to verify are you fine 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 actually 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 great 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 in fact that i buy too which is good so really 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 business that seems to be what she chooses she’s likewise got a little bit more um of the kind of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Etoro Copy Trading Faq.
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