We get htis a lot on our site the answer to Etoro Prime Vs Pro….Concerns that i hear from new investors what if you’re brand new to investing you simply do not want to choose what you really wish to invest and you want somebody to do it for you there’s only a couple of ways that that can take place the to start with you can employ an investment portfolio manager they’ll typically charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is of course you can purchase mutual funds particular funds are created 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 too now if you’re brand new to a total please bear in mind this platform is rather innovative you can do cfds which obviously cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just assume since i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they give that choice as well so you in fact get used to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in real companies if you select to in this specific video we’re speaking about how to copy other people’s investments with your cash so clearly your capital is at threat 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 choices because you believe is the best ones for you and that being said let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is probably.
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well-known for it’s the alternative to see what other traders are doing amazing we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can really say i want to do exactly what that trader is doing or match that exact portfolio of options and essentially each time they make a trade they purchase they sell whatever they do your cash will be imitated with it so that indicates if for instance 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 likewise cover is the fees involved really crucial you comprehend what are the expenses of this now with any platform there will be some expense to obviously 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 zero fee sites then might not charge you for actually buying and selling funds or etfs specific commodities private stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering 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 fees with in particular in this video the next would be things to know before you really start investing in copy trading or copy portfolios and finally some best guidance best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s kick off with charges really important to understand these now on there’s a couple of costs there isn’t fees to do with in fact buying and selling fine so commission fees are free however there are a number of other fees the first one is withdrawal charges 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 instantly converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your money so you sell your shares you offer your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i definitely require to now you might state all right that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are just one of those choices that they have a great deal of platforms undoubtedly are totally 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 six months you understand depends totally how you’re investing however that is a cost to keep in mind the 2nd charge that i’ve discussed is that conversion fee now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow 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 utilizing trading 2 and 2 open market anyone at all this is standard they have i suppose stuck with whatever cost they charge for that conversion rate you type of need to accept you understand if you want to utilize their platform go from uk to us then that conversion charge exists what are they really giving 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 feature of though when you’ve transformed your money 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 indicates the preliminary 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 extra charges so that’s really excellent utilizing that part of their site will not definitely restrict you in any way nevertheless we have to know two other costs the first being what’s called spread charges alright and i’m going to reveal you what i imply on now a spread cost as i’m going to show you
on is essentially the distinction that becomes part of the financial investment platform in between the buy price and the price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that actually means that when you want to purchase or sell as you can see it’s not the cost you’re seeing up here let me show you that once again so the existing cost of tesla is the worth of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you state 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 and that is how they make a little bit of cash on those spread out fees it’s typically extremely small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a little bit money now the last accomplishment is called an
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overnight charge now this is actually important if you’re in fact using cfds yourself as well an over night cost is when you’re refraining from doing that buy sell deal in the very same day okay there’s then an overnight fee charged or even if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which indicates you’re actually buying the precise possession rather than using leverage anyway you won’t get hit with these charges however these fees are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s state if you enter into the aid area this isn’t the overnight fees info you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that only uses as i said to cfds there are some added fees obviously depending on what you are buying as well this is on your own so keep that in mind but full charges are totally within their assistance information okay and we discussed in addition to free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of really utilizing these copy functions they don’t have any extra charges on top of the normal charges that
are there now what you require to keep in mind though is these possibly handled by other individuals totally or sometimes have created portfolios you have actually got a genuine individual doing the management you need to make sure you choose the individual that’s right for you much like any kind of work this is your financial assets so we definitely require to ensure it’s the ideal 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 have actually got a number of different choices for us firstly 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 believe 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 generally have this virtual portfolio mimic as if you are utilizing your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine cash possibly this is an excellent choice for you once again to check the theories okay you might wish to buy tesla or apple or this etf why not use the virtual option as a method to type of safe play with it clearly you might have missed out on gains and losses throughout that time naturally if you had actually invested your genuine money it enables you to develop confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to remember prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i indicate 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 indicates am i alright with potentially losing an excellent quantity of this investment or getting as
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well now remember whatever is ups and downs you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose money but that equally suggests they’ll lose eventually in their journey clearly individuals do make money as well and i’ve got videos all about how you can make sure you are among the people to really earn money however in this situation make sure you research study your danger level would you be alright offering your cash to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re investing in completely if you’re someone who isn’t wanting to be that risky do not pick someone who’s completely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong commodities
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like gold and even oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact utilize this too truly quickly over here you can copy individuals now it will give you a great deal of options and you can utilize the system to really look for somebody that you elegant really following so let’s see perhaps we want somebody from unified kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a great amount and i can find everyone who has satisfied that requirements and it does give you a danger factor as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to confirm are you alright with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually purchasing 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 absolutely like type of into those blue box and the tech industry she’s got some of mine actually that i buy too which is excellent so really for me understanding 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 seems to be what she prefers she’s also got a bit more um of the type of primary food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Prime Vs Pro.
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