We get htis a lot on our site the answer to Etoro Overview….Concerns that i speak with new investors what if you’re brand new to investing you just do not wish to decide what you really wish to invest and you want someone to do it for you there’s only a number of ways that that can occur the first of all you can hire an investment portfolio manager they’ll usually charge a rather a high premium to do that possibly one or two percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific funds are created 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 bear 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 total of capital so with anything that you’re finding out about please do study the platform do not just presume due to the fact that i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they give that choice also so you in fact get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at danger 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 certainly your capital is at risk and we need to bear that in mind do not simply do something because that person has actually stated they’ve made earnings 14 months in a row buy these options since you believe is the right ones for you and that 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 belongs to social trading which is one aspect that is most likely.
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famous for it’s the choice to see what other traders are doing unbelievable we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can really say i want to do exactly what that trader is doing or match that precise portfolio of alternatives and generally each time they make a trade they buy they sell whatever they do your money will be mimicked with it so that suggests if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs involved actually crucial you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no fee websites then may not charge you for really buying and selling funds or etfs private products specific 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 sort 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 know prior to you actually start investing in copy trading or copy portfolios and finally some best advice best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s begin with costs really important to understand these now on there’s a number of fees there isn’t charges to do with really buying and selling fine so commission fees are complimentary nevertheless there are a couple of other fees the first one is withdrawal fees so you can undoubtedly put cash in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your cash 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 naturally knowing that i’m going to make sure that i’m only withdrawing when i definitely require to now you might say alright that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are just one of those options that they have a lot of platforms clearly are free 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 when every six months you know depends entirely how you’re investing however that is a charge to keep in mind the 2nd fee that i’ve touched upon is that conversion cost now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps 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 using trading 2 and two open market anyone at all this is standard they have actually i expect stuck with whatever cost they charge for that conversion rate you sort of have to accept you understand if you want to use their platform go from uk to us then that conversion charge exists what are they in fact giving 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 state offer me us dollars instead you need to pay their costs now the terrific feature of however when you’ve converted your money you do not have to invest it immediately 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 purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s actually good using that part of their website will not certainly limit you in any way nevertheless we need to understand 2 other charges the very first being what’s called spread costs alright and i’m going to show you what i suggest on now a spread charge as i’m going to show you
on is essentially the distinction that is part of the financial investment platform between the buy cost and the list price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that in fact indicates that when you wish to offer or buy as you can see it’s not the rate 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 profit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to buy than it is to sell so they’re going to give you less back with your sale and you say fine well why does that happen it simply 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 want to offer 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 place every investment firm will once again make a little bit cash now the last accomplishment is called an
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over night cost now this is truly essential if you’re actually using cfds yourself too an over night cost is when you’re not doing that buy sell deal in the same day fine there’s then an over night fee charged or even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which means you’re actually purchasing the specific possession instead of utilizing leverage anyway you will not get hit with these costs but these charges are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s say if you enter into the assistance section this isn’t the over night charges details you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that only applies as i said to cfds there are some additional charges obviously depending upon what you are investing in too this is on your own so keep that in mind however complete costs are completely within their aid information alright and we talked about in addition to complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different ways of in fact using these copy works they do not have any extra charges on top of the typical fees that
exist now what you need to bear in mind though is these potentially handled by other individuals entirely or in some cases have produced portfolios you have actually got a real individual doing the management you need to ensure you select the individual that’s right for you similar to any profession this is your financial properties so we absolutely require to make certain it’s the right individual for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a couple of different alternatives for us first off if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are using your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is a terrific choice for you again to evaluate the theories okay you may want to buy tesla or apple or this etf why not utilize the virtual choice as a method to type of safe play with it certainly you may have missed out on gains and losses throughout that time of course if you had actually invested your genuine money it allows you to build self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain 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 investments the riskier you can be run the risk of simply means am i fine with potentially losing a good amount of this financial investment or getting as
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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose money however that similarly means they’ll lose eventually in their journey certainly individuals do make money too and i’ve got videos everything about how you can ensure you’re one of the people to in fact earn money however in this scenario make certain you research your threat level would you be alright giving your cash to somebody else which is effectively what you’re doing and trusting them make sure you understand what they’re buying totally if you’re someone who isn’t wanting to be that dangerous do not pick someone who’s entirely 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 standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually utilize this too really quickly over here you can copy individuals now it will give you a lot of options and you can use the system to actually search for someone that you expensive really following so let’s see perhaps we desire somebody from united kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has met that requirements and it does give you a danger aspect too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure 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 confirm are you all right with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she really purchasing so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is excellent so really for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s also got a bit more um of the type of main food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Overview.
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