We get htis a lot on our site the answer to Etoro Vs Other Exchanges….Concerns that i speak with brand-new investors what if you’re brand new to investing you simply don’t want to decide what you really wish to invest and you want somebody to do it for you there’s just a number of ways that that can happen the first off you can employ an investment portfolio supervisor they’ll typically charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is obviously you can buy 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 as well now if you’re brand new to an overall please bear in mind this platform is quite sophisticated you can do cfds which of course cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning more about please do study the platform do not simply assume since i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they consider that alternative also so you actually get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re buying real business if you pick to in this specific video we’re discussing how to copy other individuals’s investments with your cash so certainly your capital is at danger and we have to bear that in mind do not just do something since that person has actually said they’ve made revenue 14 months in a row purchase these options because you think is the ideal 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 element that is probably.
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famous for it’s the alternative to see what other traders are doing extraordinary we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so 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 essentially whenever they make a trade they purchase they sell whatever they do your money will be imitated with it so that implies 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 also cover is the costs involved really important you comprehend what are the expenses of this now with any platform there will be some cost to clearly 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 a few of the no charge websites then may not charge you for in fact buying and selling funds or etfs private products individual 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 kinds of charges 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 prior to you actually start buying copy trading or copy portfolios and finally some finest advice finest practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s kick off with charges really crucial to comprehend these now on there’s a number of fees there isn’t fees to do with really buying and selling alright so commission charges are free nevertheless there are a couple of other costs 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 automatically converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your cash so you offer your shares you sell your products whatever you’re offering 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 make sure that i’m just withdrawing when i definitely require to now you may state alright that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are simply one of those options that they have a great deal of platforms obviously are complimentary 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 as soon as every six months you know depends totally how you’re investing however that is a cost to bear in mind the second fee that i have actually discussed is that conversion fee now with you’re dealing in us dollars only there’s not a choice to buy 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 even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading two 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 kind of have to accept you understand if you want to use their platform go from uk to us then that conversion cost 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 haggle with them you can’t go to the bank and state provide me us dollars instead you need to pay their costs now the terrific aspect 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 implies the initial day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s truly good utilizing that part of their website won’t definitely restrict you in any way nevertheless we need to understand two other costs the very first being what’s called spread charges fine and i’m going to show you what i indicate on now a spread fee as i’m going to reveal you
on is generally the difference that becomes part of the investment platform in between the buy rate and the price all right 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 in fact means that when you want to offer or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the current cost 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 manner in which they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you say okay well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference in 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 costs it’s typically incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a bit money now the last accomplishment is called an
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overnight cost now this is really essential if you’re actually using cfds yourself also an over night fee is when you’re refraining from doing that buy offer deal in the exact same day all right there’s then an overnight cost charged or even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one utilize which implies you’re actually buying the specific property instead of utilizing take advantage of anyhow you won’t get hit with these charges but these costs are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s state if you go into the aid section this isn’t the overnight costs information you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which just uses as i stated to cfds there are some additional charges of course depending upon what you are buying too this is on your own so keep that in mind however full fees are totally within their assistance details all right and we discussed along with totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of actually utilizing these copy functions they do not have any extra costs on top of the regular charges that
are there now what you require to remember though is these potentially handled by other individuals totally or sometimes have actually developed portfolios you have actually got a real individual doing the management you need to make sure you choose the person that’s right for you just like any kind of work this is your financial properties so we definitely need to make sure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a number of various options 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 genuine money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your credit card details or anything you can generally have this virtual portfolio simulate as if you are using your own money but in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money perhaps this is an excellent option for you again to check the theories okay you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe have fun with it undoubtedly you might have lost out on gains and losses during that time naturally if you had actually invested your real money it permits you to construct confidence understand the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy people 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 certain you understand what your risk profile is now what do i indicate by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of just suggests am i all right with potentially losing a good amount of this investment or gaining as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose cash however that similarly indicates they’ll lose eventually in their journey clearly individuals do earn money also and i’ve got videos all about how you can ensure you are among individuals to really make money but in this scenario ensure you research study your danger level would you be okay providing your cash to someone else which is successfully what you’re doing and trusting them ensure you understand what they’re purchasing fully if you’re somebody who isn’t wanting to be that dangerous don’t select somebody who’s completely into crypto or currency conversion think of it you ‘d probably want a foundation of strong products
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like gold or even oil plus more traditional 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 use this too truly quickly over here you can copy individuals now it will provide you a great deal of choices and you can utilize the system to really search for somebody that you fancy really following so let’s see perhaps we want somebody from united kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everybody who has met that criteria and it does give you a threat factor too so it tends to be the greater the number the more riskier they are with their stock investing now clearly 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 mean someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to validate are you all right with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine in fact that i buy too which is good so actually for me understanding what i like to invest in my specific 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 bit more um of the type of main food companies and you’ve got you understand pharmaceutical and production companies as that. Etoro Vs Other Exchanges.
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