We get htis a lot on our site the answer to Etoro Helpcenter….Concerns that i hear from new investors what if you’re brand new to investing you simply do not wish to decide what you actually want to invest and you desire someone to do it for you there’s just a couple of manner ins which that can occur the first of all you can work with an investment portfolio manager they’ll normally charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds specific funds are produced 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 a total please bear in mind this platform is rather 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 just assume since i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they give that option also so you in fact 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 investing in genuine business if you choose to in this particular video we’re speaking about how to copy other people’s investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something since that individual has actually stated they’ve made profit 14 months in a row invest in these choices since you believe is the right ones for you which being stated let’s dive directly in [Music] so 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 element that is probably.
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popular for it’s the choice to see what other traders are doing extraordinary we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can in fact state i want to do exactly what that trader is doing or match that precise portfolio of options and generally each time they make a trade they purchase they offer whatever they do your cash will be simulated with it so that means if for example 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 charges included truly critical you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are real 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 no fee sites then might not charge you for actually buying and selling funds or etfs private products 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 type of fees associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand before you really begin purchasing copy trading or copy portfolios and lastly some best guidance 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 truly essential to understand these now on there’s a couple of charges there isn’t fees to do with actually buying and selling all right so commission charges are free however there are a couple of other costs the first one is withdrawal costs so you can clearly put cash 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 later on but when you wish to withdraw your money 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 obviously understanding that i’m going to make sure that i’m just withdrawing when i absolutely require to now you might state alright that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are simply among those choices that they have a lot of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every 6 months you know depends totally how you’re investing however that is a charge to keep in mind the 2nd charge that i’ve touched upon is that conversion charge now with you’re handling us dollars only there’s not an option 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 anyway or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading two and two free trade anyone at all this is basic they have actually i expect stuck to whatever fee they charge for that conversion rate you kind of need to accept you understand if you want to utilize their platform go from uk to us then that conversion cost 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 offer me us dollars rather you need to pay their fees now the great feature of though when you’ve transformed your cash you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests 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 costs so that’s really excellent using that part of their site will not certainly restrict you in any way nevertheless we have to be aware of 2 other charges the first being what’s called spread costs all right and i’m going to reveal you what i indicate on now a spread fee as i’m going to reveal you
on is basically the distinction that becomes part of the financial investment platform in between the buy price 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 site right now tesla’s dollar worth 599 per share in tesla that actually suggests that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the present price of tesla is the value of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll discover this everywhere 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 undoubtedly it’s more pricey 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 simply does that is the nature of a great deal 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 out costs it’s typically extremely little 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 money now the last accomplishment is called an
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overnight fee now this is truly important if you’re actually using cfds yourself too an overnight fee is when you’re not doing that buy offer deal in the exact same day all right there’s then an overnight fee charged and 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 in fact buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re actually buying the specific property rather than utilizing take advantage of anyway you won’t get hit with these costs but these fees are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you enter into the assistance area this isn’t the overnight costs 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 just uses as i said to cfds there are some additional charges naturally depending on what you are buying as well this is on your own so keep that in mind but complete costs are completely within their aid details all right and we discussed in addition to free to deposit in but 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 five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of really utilizing these copy functions they do not have any extra fees on top of the regular costs that
are there now what you require to keep in mind though is these potentially managed by other people completely or sometimes have actually produced portfolios you’ve got a real individual doing the management you have to make sure you pick the person 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 ideal person 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 choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are using your own money but in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real cash maybe this is an excellent option for you once again to test the theories fine you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to kind of safe play with it certainly you may have missed out on gains and losses during that time naturally if you had actually invested your genuine cash it allows you to construct self-confidence understand 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 individuals and copy portfolios now here’s something to keep in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i mean by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of simply implies am i fine with possibly losing a great amount of this 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 money that’s why they make the fact 75 people will lose cash however that equally implies they’ll lose at some time in their journey obviously people do earn money too 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 make certain you research your threat level would you be okay providing your cash to somebody else which is effectively what you’re doing and trusting them ensure you comprehend what they’re buying completely if you’re someone who isn’t wanting to be that dangerous do not pick someone who’s totally into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong commodities
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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 exact same with who you’re following now as i say you can in fact use this too truly quickly over here you can copy individuals now it will offer you a great deal of choices and you can utilize the system to actually search for someone that you fancy in fact following so let’s see perhaps we desire someone from united kingdom um who purchases let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everyone who has actually met that criteria and it does offer you a danger factor too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have quite high returns
keep in mind it resembles 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 might make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you alright 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 in fact deep dive into what is she actually 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 good to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine really that i purchase too which is excellent so really for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s also got a little bit more um of the kind of primary food business and you have actually got you know pharmaceutical and production business as that. Etoro Helpcenter.
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