We get htis a lot on our site the answer to How To Read Position Statement Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you merely don’t wish to decide what you actually wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can happen the to start with you can work with an investment portfolio manager they’ll usually 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 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 too now if you’re brand new to a total please keep in mind this platform is quite advanced you can do cfds which naturally cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform don’t just presume since i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that option 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 naturally your capital is at threat this is investing we’re doing you’re purchasing real business if you select to in this specific video we’re discussing how to copy other people’s investments with your money so obviously your capital is at danger and we need to bear that in mind do not simply do something since that person has actually said they have actually made earnings 14 months in a row invest in these choices because you believe is the ideal ones for you which being said 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 element that is probably.
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famous for it’s the choice to see what other traders are doing unbelievable we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can actually state i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and generally each time they make a trade they purchase they sell whatever they do your cash will be imitated with it so that suggests 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 included actually crucial you comprehend 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 no fee sites then might not charge you for actually buying and selling funds or etfs specific products individual stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you actually begin buying copy trading or copy portfolios and lastly some best advice best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s kick off with charges really crucial to understand these now on there’s a couple of costs there isn’t fees to do with actually buying and selling fine so commission costs are complimentary nevertheless there are a couple of other charges the first one is withdrawal charges so you can undoubtedly put money in now if you remain in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you sell your shares you offer your commodities whatever you’re offering the minimum quantity 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 just withdrawing when i absolutely need to now you may state fine that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are just one of those alternatives that they have a lot of platforms clearly 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 6 months you understand depends completely how you’re investing but that is a cost to keep in mind the second fee that i have actually discussed is that conversion fee now with you’re handling us dollars only there’s not an option to buy in euros or uk and that’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 and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading 2 and 2 open market anybody this is standard they have i expect stuck with whatever charge they charge for that conversion rate you type of have to accept you understand if you wish to use 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 bargain with them you can’t go to the bank and state offer me us dollars rather you need to pay their fees now the terrific feature of however when you have actually transformed your money you do not have to invest it right now that dollar value can being 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 happens now with copy trading and copy portfolios there aren’t any extra charges so that’s actually excellent utilizing that part of their website won’t certainly limit you in any way nevertheless we have to be aware of two other fees the very first being what’s called spread fees okay and i’m going to show you what i suggest on now a spread cost as i’m going to reveal you
on is basically the difference that becomes part of the investment platform between the buy cost and the price fine it’s their premium on doing both those two 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 suggests that when you wish to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the present rate of tesla is the value of a share what’s called spread costs is the distinction then in fact to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind obviously it’s more costly to purchase than it is to sell so they’re going to offer 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 great deal of platforms out there there’s a difference in between if you’re buying it then you wish to offer it and that is how they make a little bit of cash on those spread fees it’s generally exceptionally 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 cash now the last task is called an
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over night cost now this is truly essential if you’re in fact using cfds yourself too an overnight charge is when you’re refraining from doing that buy offer deal in the same day all right there’s then an overnight charge charged and even 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 really buying out the etf the stock the commodity and using time one leverage which indicates you’re actually purchasing the specific possession instead of using take advantage of anyway you won’t get hit with these costs however these costs are if you’re utilizing utilize and cfds and then you’re going to have these fees if you’re not buy selling in the same day so let’s say if you enter into the help section this isn’t the overnight costs info you can see exactly the breakdown and it’ll inform 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 just uses as i said to cfds there are some surcharges of course depending upon what you are purchasing as well this is on your own so keep that in mind however full costs are totally within their help info alright and we spoke about along with free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything 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 methods of really utilizing these copy operates they don’t have any additional costs on top of the typical charges that
exist now what you need to keep in mind though is these possibly managed by other people totally or often have actually produced portfolios you’ve got a real individual doing the management you have to ensure you select the person that’s right for you just like any line of work this is your financial properties so we definitely require to make sure it’s the best person for us before 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 firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual ways i think 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 essentially have this virtual portfolio simulate as if you are utilizing your own cash however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real cash maybe this is a great choice for you once again to evaluate the theories alright you might wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to sort of safe play with it undoubtedly you might have missed out on gains and losses throughout that time obviously if you had actually invested your genuine cash it enables you to develop confidence understand the platform so that’s one option 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 individuals and copy portfolios now here’s something to remember before you select someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i imply by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk just implies 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 everything is downs and ups you will earn money you’ll lose money that’s why they make the statistic 75 individuals will lose cash however that similarly indicates they’ll lose at some point in their journey obviously individuals do make money also and i’ve got videos everything about how you can make sure you are among the people to in fact generate income however in this scenario ensure you research your threat level would you be all right offering your money to someone else which is successfully what you’re doing and trusting them make sure you understand what they’re buying completely if you’re somebody who isn’t wanting to be that dangerous do not pick someone who’s entirely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong commodities
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like gold or 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 state you can actually utilize this too actually easily over here you can copy individuals now it will offer you a great deal of options and you can use the system to in fact search for someone that you fancy actually following so let’s see possibly we want someone from joined kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds a great amount and i can find everybody who has actually fulfilled that requirements and it does give you a threat factor as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not imply 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 basic as clicking the copy button and off you go and after that you know ask you to validate are you alright with this and off you go now another way to in fact 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 rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got some of mine really that i invest in too which is excellent so in fact for me understanding what i like to purchase 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 chooses she’s likewise got a little bit more um of the kind of primary food companies and you have actually got you understand pharmaceutical and production business as that. How To Read Position Statement Etoro.
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