So to start the answer to Etoro Account Opening Questions….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely don’t want to choose what you actually wish to invest and you desire someone to do it for you there’s only a number of ways that that can happen the first of all you can employ a financial investment portfolio manager they’ll usually charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is of course you can purchase mutual funds specific funds are produced 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 an overall please remember this platform is quite sophisticated you can do cfds which obviously cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re finding out about please do study the platform do not simply assume due to the fact that i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that choice also so you really get used to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re investing in genuine companies if you pick to in this specific video we’re speaking about how to copy other individuals’s financial investments with your money so obviously your capital is at threat and we need to bear that in mind do not simply do something since that person has said they have actually made revenue 14 months in a row buy these options since you believe is the best ones for you which being said let’s dive straight in [Music] The things we’re going to cover in this video is understanding 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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well-known for it’s the alternative to see what other traders are doing extraordinary we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can really state i wish to do precisely what that trader is doing or match that precise portfolio of options and essentially whenever they make a trade they purchase they sell whatever they do your money will be mimicked with it so that indicates if for example 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 involved actually vital you understand what are the costs of this now with any platform there will be some expense to clearly 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 a few of the absolutely no fee websites then might not charge you for actually buying and selling etfs or funds specific commodities private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort 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 in fact begin purchasing copy trading or copy portfolios and lastly some finest suggestions finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s begin with charges truly essential to understand these now on there’s a couple of fees there isn’t charges to do with really buying and selling alright so commission charges are free nevertheless there are a couple of other charges the very first one is withdrawal charges 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 immediately converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your money so you offer your shares you sell your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m only withdrawing when i definitely require to now you may state alright that’s rather pricey 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 among those choices 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 mostly it can be maybe even once a year when every 6 months you know depends entirely how you’re investing but that is a cost to bear in mind the 2nd cost that i’ve touched upon is that conversion charge now with you’re handling us dollars only there’s not an alternative to buy in euros or uk which’s fine that suits 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 great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading two and two free trade anyone at all this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you sort of need to accept you know if you wish to use their platform go from uk to us then that conversion cost exists what are they in fact 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 have to pay their costs now the excellent thing about however when you’ve transformed your cash you do not have to invest it right now that dollar value can sit in your portfolio as money 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 website won’t certainly limit you in any way however we have to understand two other fees the very first being what’s called spread fees okay and i’m going to reveal you what i imply on now a spread charge as i’m going to show you
on is generally the distinction that is part of the financial investment platform in between the buy price and the sale 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 right now tesla’s dollar value 599 per share in tesla that really implies that when you want to sell or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the current price of tesla is the value of a share what’s called spread fees is the difference then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of benefit from you every time you do a buyer’s share so keep that in mind certainly it’s more pricey to buy than it is to offer 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 want to sell it which is how they make a little bit of money on those spread out fees it’s usually extremely little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit cash now the last task is called an
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over night charge now this is really essential if you’re in fact utilizing cfds yourself as well an over night charge is when you’re not doing that buy sell deal in the very same day okay there’s then an overnight fee charged or perhaps if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one leverage which suggests you’re actually purchasing the specific property instead of using take advantage of anyway you won’t get hit with these costs however these fees are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s state if you enter into the assistance area this isn’t the overnight fees information you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only applies as i said to cfds there are some surcharges obviously depending on what you are buying also this is on your own so keep that in mind however full costs are totally within their help information all right and we spoke about in addition to free to deposit in however there’s a five 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’ve stated copy trading and copy portfolios are 2 different ways of actually utilizing these copy works they don’t have any extra charges on top of the regular charges that
are there now what you require to remember though is these potentially managed by other individuals totally or often have produced portfolios you have actually got a real person doing the management you need to make certain you choose the individual that’s right for you similar to any line of work this is your financial possessions so we absolutely need to make sure it’s the ideal person for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple 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 cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are using your own cash however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money perhaps this is a great choice for you again to check the theories fine you might want to purchase tesla or apple or this etf why not use the virtual choice as a method to type of safe play with it certainly you might have missed out on gains and losses throughout that time obviously if you had invested your real cash it permits you to develop confidence understand the platform so that’s one choice 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 people 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 understand what your risk profile is now what do i mean by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply indicates am i fine with possibly losing a good amount of this investment or acquiring as
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well now remember whatever is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 individuals will lose cash however that equally implies they’ll lose eventually in their journey certainly people do earn money as well and i have actually got videos all about how you can make certain you are among individuals to really earn money however in this situation make certain you research your danger level would you be okay offering your money to someone else which is successfully what you’re doing and trusting them ensure you understand what they’re investing in totally if you’re somebody who isn’t wanting to be that dangerous don’t select somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong commodities
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like gold or even oil plus more traditional 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 in fact utilize this too actually quickly over here you can copy people now it will give you a lot of choices and you can use the system to really 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 gotten a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can find everyone who has actually fulfilled that requirements and it does offer you a risk aspect also 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
remember 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 could make 4 or minus 50 there’s no other way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to validate are you fine with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she in fact investing in so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine actually that i purchase too which is great so really for me knowing what i like to buy 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 also got a little bit more um of the type of primary food business and you have actually got you understand pharmaceutical and production business as that. Etoro Account Opening Questions.
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