We get htis a lot on our site the answer to Etoro Pro Benefits….Concerns that i speak with brand-new financiers what if you’re brand new to investing you just don’t want to choose what you really want to invest and you want someone to do it for you there’s only a number of ways that that can occur the firstly you can work with an investment portfolio manager they’ll normally charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is obviously you can buy mutual funds specific funds are developed 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 an overall please keep in mind this platform is quite advanced you can do cfds which of course cfds are ways 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 just presume since i use 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 choice also so you really get utilized to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying real companies if you pick to in this specific video we’re talking about how to copy other people’s investments with your cash so undoubtedly your capital is at threat and we have to bear that in mind do not just do something because that individual has said they have actually made revenue 14 months in a row buy these choices due to the fact that you believe is the right ones for you and that being stated let’s dive directly in [Music] The 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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popular for it’s the alternative to see what other traders are doing extraordinary 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 means with our cash we can actually state i want to do precisely what that trader is doing or match that specific portfolio of options and basically each time they make a trade they purchase they offer whatever they do your cash will be imitated with it so that indicates 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 charges included really important you understand what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine 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 charge sites then may not charge you for in fact buying and selling funds or etfs private products specific stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know before you actually start buying copy trading or copy portfolios and finally some best recommendations 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 costs actually essential to understand these now on there’s a number of fees there isn’t fees to do with really buying and selling all right so commission fees are complimentary however there are a number of other costs the first one is withdrawal charges so you can obviously put money in now if you remain 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 in the future but when you want to withdraw your money so you offer 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 naturally understanding that i’m going to make sure that i’m only withdrawing when i absolutely require to now you may say all right that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are simply one of those alternatives 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 largely it can be maybe even once a year as soon as every 6 months you understand depends completely how you’re investing but that is a charge to keep in mind the second fee that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading 2 and two open market anyone at all this is basic they have i suppose stuck to whatever cost they charge for that conversion rate you sort of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge is there what are they really providing you in terms of 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 have to pay their fees now the terrific aspect of though when you’ve converted your money you do not have to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that indicates the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s actually good utilizing that part of their website won’t definitely limit you in any way however we have to be aware of 2 other fees the first being what’s called spread fees okay and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is generally the difference that belongs to the financial investment platform in between the buy price and the sale price okay 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 value 599 per share in tesla that really indicates that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me reveal you that again so the present price of tesla is the worth of a share what’s called spread charges is the distinction then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to purchase 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 lot of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread costs it’s usually incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit money now the last feat is called an
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overnight charge now this is truly important if you’re really utilizing cfds yourself also an over night cost is when you’re not doing that buy offer transaction in the same day okay there’s then an over night cost charged or perhaps 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 actually buying out the etf the stock the product and utilizing time one utilize which suggests you’re actually purchasing the exact property rather than using leverage anyway you won’t get hit with these fees but these fees are if you’re utilizing take advantage of and cfds and after that you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you go into the assistance area this isn’t the overnight charges information you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only applies as i stated to cfds there are some service charges of course depending on what you are purchasing also this is on your own so keep that in mind however full costs are completely within their help details okay and we talked about as well as free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different ways of in fact using these copy operates they do not have any additional charges on top of the normal charges that
exist now what you require to bear in mind though is these possibly handled by other people entirely or in some cases have created portfolios you’ve got a real individual doing the management you have to ensure you select the individual that’s right for you much like any line of work this is your monetary possessions so we definitely require to make sure it’s the best individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of various choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash maybe this is an excellent alternative for you again to evaluate the theories fine you might want to purchase tesla or apple or this etf why not utilize the virtual choice as a method to type of safe have fun with it obviously you may have lost out on gains and losses during that time of course if you had actually invested your real money it permits you to construct confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back 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 before you choose 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 imply by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just suggests am i okay with potentially losing an excellent amount of this 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 people will lose cash however that equally implies they’ll lose at some time in their journey clearly people do generate income as well and i have actually got videos all about how you can make sure you’re one of individuals to actually make money but in this scenario make sure you research your danger level would you be all right giving your money to another person which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in totally if you’re someone who isn’t wishing to be that risky don’t pick someone who’s completely into crypto or currency conversion consider it you ‘d probably want 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 exact same with who you’re following now as i say you can actually utilize this too truly easily over here you can copy individuals now it will provide you a lot of choices and you can use the system to really search for somebody that you fancy in fact following so let’s see possibly we want someone from unified kingdom um who buys let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds a good amount and i can find everyone who has fulfilled that criteria and it does offer you a threat aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have rather high returns
bear in mind it’s like 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 four or minus 50 there’s no way to guarantee so do keep that in mind and as basic 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 way to in fact deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she really investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got some of mine really that i invest in too which is great so actually 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 seems to be what she chooses she’s also got a little bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Etoro Pro Benefits.
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