We get htis a lot on our site the answer to Etoro Shortcuts Time….Questions that i hear from new investors what if you’re brand new to investing you merely do not want to choose what you really want to invest and you desire someone to do it for you there’s just a couple of ways that that can take place the firstly you can employ a financial investment portfolio manager they’ll generally charge a quite a high premium to do that possibly one or two percent of your earnings will go to them the other thing is obviously you can purchase mutual funds specific funds are produced 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 innovative you can do cfds which naturally 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 simply assume since i utilize it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they give that option as well so you in fact get used to the structure of the website and then 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 danger this is investing we’re doing you’re investing in genuine companies if you select to in this particular video we’re talking about how to copy other people’s financial investments with your cash so clearly your capital is at danger and we need to bear that in mind do not just do something since that person has actually said they have actually made revenue 14 months in a row purchase these options because you believe is the right ones for you and that being stated let’s dive straight 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 becomes part of social trading which is one aspect that is probably.
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popular for it’s the option to see what other traders are doing amazing we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can really state i want to do exactly what that trader is doing or match that specific portfolio of choices and generally each time they make a trade they buy they sell whatever they do your money will be simulated with it so that implies if for example 10 of their financial 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 involved really crucial you understand 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 buying the selling for you there’s going to be charges included and even a few of the zero charge websites then might not charge you for in fact 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 altering from uk to u.s dollars there’s all kinds of costs 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 prior to you really start investing in copy trading or copy portfolios and finally some finest recommendations best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s kick off with costs really crucial to understand these now on there’s a number of fees there isn’t charges to do with in fact buying and selling fine so commission fees are complimentary however there are a couple of other fees the first one is withdrawal fees so you can undoubtedly put cash in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your cash so you offer 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 five dollars per withdrawal so for me naturally understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might say okay that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply among those choices that they have a great deal of platforms obviously 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 once every 6 months you understand depends totally how you’re investing but that is a cost to remember the 2nd charge that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk and that’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 perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading two and two open market anybody this is basic they have i expect stuck with whatever cost they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion fee exists what are they really giving you in terms of 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 provide me us dollars rather you have to pay their charges now the terrific thing about though when you have actually converted your cash you do not have to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s actually excellent using that part of their website will not certainly restrict you in any way however we need to know two other charges the first being what’s called spread fees all right 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 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 today tesla’s dollar value 599 per share in tesla that really indicates that when you want to purchase or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the existing rate of tesla is the value of a share what’s called spread costs is the difference 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 profit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey 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 want to offer it and that is how they make a little bit of cash on those spread out fees it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a little bit cash now the last task is called an
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overnight fee now this is actually crucial if you’re in fact utilizing cfds yourself too an over night fee is when you’re refraining from doing that buy offer deal in the very same day all right there’s then an overnight charge charged or even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which suggests you’re really purchasing the exact asset rather than utilizing take advantage of anyhow you won’t get hit with these fees but these costs are if you’re utilizing utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the help section this isn’t the overnight charges information 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 overnight or you’re doing over weekends which only uses as i stated to cfds there are some additional charges obviously depending on what you are buying also this is on your own so keep that in mind however full fees are completely within their assistance information okay and we talked about as well as complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of really utilizing these copy works they do not have any extra costs on top of the typical charges that
are there now what you need to remember though is these potentially managed by other individuals entirely or in some cases have actually developed portfolios you have actually got a genuine person doing the management you have to make sure you choose the individual that’s right for you similar to any profession this is your financial assets so we definitely require to make sure it’s the right person for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of various options for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own cash however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money maybe this is a great option for you again to evaluate the theories alright you may wish to purchase tesla or apple or this etf why not use the virtual choice as a way to type of safe play with it clearly you may have missed out on gains and losses during that time naturally if you had actually invested your real cash it allows you to develop self-confidence comprehend 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 actually how to copy people and copy portfolios now here’s something to remember prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i indicate by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk simply means am i alright with possibly losing an excellent quantity of this investment or acquiring 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 statistic 75 people will lose cash but that similarly means they’ll lose eventually in their journey clearly people do generate income also and i’ve got videos everything about how you can ensure you’re one of individuals to in fact earn money however in this situation ensure you research study your danger level would you be fine providing your money to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re someone who isn’t wishing to be that risky do not choose somebody who’s totally into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold and even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really use this too truly quickly over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to actually look for somebody that you elegant actually following so let’s see possibly we desire someone from unified kingdom um who invests in let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everybody who has actually met that requirements and it does provide you a danger aspect too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have quite 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 might make four or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to verify are you alright with this and off you go now another method to actually deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she in fact investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got some of mine in fact that i buy too which is great so really for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s also got a bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Shortcuts Time.
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