We get htis a lot on our site the answer to Etoro Official App….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply don’t want to choose what you actually want to invest and you desire someone to do it for you there’s just a couple of ways that that can occur the firstly you can employ a financial investment portfolio manager they’ll normally charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is naturally you can purchase mutual funds particular funds are produced once 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 keep in mind this platform is quite sophisticated you can do cfds which naturally cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning about please do study the platform do not just presume because i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that option too so you really get used to the structure of the website and then 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 danger this is investing we’re doing you’re purchasing real companies if you pick to in this specific video we’re discussing how to copy other people’s financial investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not just do something since that individual has said they’ve made profit 14 months in a row purchase these options due to the fact that you believe is the ideal ones for you which being stated 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 belongs to social trading which is one aspect that is most likely.
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popular for it’s the option to see what other traders are doing extraordinary we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can actually say i wish to do precisely what that trader is doing or match that exact portfolio of options and basically each time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that suggests if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs included actually critical you comprehend what are the costs of this now with any platform there will be some cost to obviously these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero cost sites then might not charge you for actually buying and selling funds or etfs private commodities specific stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges 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 really begin purchasing copy trading or copy portfolios and lastly some finest advice finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s kick off with fees actually important to comprehend these now on there’s a number of charges there isn’t charges to do with in fact buying and selling all right so commission costs are free however there are a couple of other charges the very first one is withdrawal charges so you can undoubtedly put money in now if you’re in the uk we put our uk money.
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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 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 5 dollars per withdrawal so for me of course knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might state okay 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 just among those choices that they have a great deal of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every six months you know depends completely how you’re investing but that is a fee to bear in mind the second charge that i’ve discussed is that conversion fee now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway 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 utilize anybody so if you’re utilizing trading 2 and 2 free trade anyone at all this is standard they have actually i expect stuck with 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 haggle with them you can’t go to the bank and say provide me us dollars instead you need to pay their costs now the great aspect of however when you’ve transformed your money you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s actually good using that part of their website won’t definitely limit you in any way however we have to be aware of 2 other costs the very first being what’s called spread fees all right and i’m going to reveal you what i mean on now a spread charge as i’m going to show you
on is basically the distinction that becomes part of the investment platform between the buy cost 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 value 599 per share in tesla that actually implies that when you want to offer or purchase as you can see it’s not the price you’re seeing up here let me show you that once again so the existing rate of tesla is the value of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind clearly it’s more expensive to purchase than it is to offer so they’re going to offer you less back with your sale and you state fine well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you wish to sell it which is how they make a little bit of cash on those spread costs it’s usually extremely small it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a bit cash now the last task is called an
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overnight charge now this is truly crucial if you’re really utilizing cfds yourself also an overnight fee is when you’re refraining from doing that buy sell transaction in the exact same day alright there’s then an over night charge charged or perhaps if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which implies you’re in fact purchasing the exact asset rather than using leverage anyway you won’t get hit with these fees but these fees are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s state if you enter into the help area this isn’t the over night costs information you can see precisely the breakdown and it’ll inform 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 uses as i said to cfds there are some surcharges of course depending on what you are purchasing also this is on your own so keep that in mind however complete fees are entirely within their assistance info 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 regular commodity stock shares whatever 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 different methods of in fact utilizing these copy functions they don’t have any additional charges on top of the typical charges that
exist now what you require to remember though is these possibly handled by other people entirely or sometimes have actually produced portfolios you’ve got a real individual doing the management you need to ensure you pick the individual that’s right for you much like any profession this is your financial possessions so we absolutely need to ensure it’s the best person for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of various choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual ways 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 credit card information or anything you can basically have this virtual portfolio imitate as if you are using your own cash but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine cash possibly this is a terrific option for you again to test the theories all right you may want to purchase tesla or apple or this etf why not use the virtual option as a method to sort of safe play with it undoubtedly you may have missed out on gains and losses during that time obviously if you had invested your genuine cash it permits you to develop self-confidence understand the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to keep in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i imply 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 just suggests am i okay with potentially losing a good amount of this investment or acquiring as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the fact 75 people will lose cash but that similarly implies they’ll lose at some point in their journey obviously individuals do generate income also and i have actually got videos all about how you can make sure you are among the people to really generate income however in this situation make certain you research study your danger level would you be all right giving your money to somebody else which is effectively what you’re doing and trusting them ensure you comprehend what they’re purchasing totally if you’re somebody who isn’t wishing to be that risky don’t select somebody who’s entirely into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities
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like gold or even oil plus more standard etfs and index funds you might not desire 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 use this too really quickly over here you can copy people now it will provide you a lot of choices and you can use the system to actually look for someone that you elegant really following so let’s see possibly we desire somebody from united kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has actually met that criteria and it does give you a risk aspect also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of people that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you fine with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she really buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got some of mine really that i buy too which is good so in fact for me understanding 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 appears to be what she prefers she’s likewise got a little bit more um of the sort of main food companies and you’ve got you understand pharmaceutical and production business as that. Etoro Official App.
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