So to start the answer to Etoro Question Answers….Questions that i hear from brand-new investors what if you’re brand new to investing you just do not wish 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 first off you can work with a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular funds are created 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 an overall please remember this platform is quite advanced you can do cfds which naturally cfds are ways of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform do not just assume because i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they give that option as well so you actually 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 naturally your capital is at threat this is investing we’re doing you’re buying genuine companies if you choose to in this particular video we’re talking about how to copy other people’s financial investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not just do something because that person has actually said they have actually made earnings 14 months in a row invest in these choices since you think is the best ones for you and that 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 aspect that is most likely.
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well-known for it’s the alternative to see what other traders are doing unbelievable we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can in fact say i want to do precisely what that trader is doing or match that precise portfolio of options and essentially whenever they make a trade they buy they offer whatever they do your money will be simulated with it so that suggests if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs involved really vital you understand what are the expenses of this now with any platform there will be some cost to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the absolutely no fee sites then might not charge you for in fact buying and selling funds or etfs individual products specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know prior to you really begin investing in copy trading or copy portfolios and lastly some finest suggestions finest practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s start with fees truly important to understand these now on there’s a number of fees there isn’t costs to do with actually buying and selling okay so commission fees are complimentary nevertheless there are a number 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 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 wish to withdraw your money so you offer your shares you offer your products 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 knowing that i’m going to make sure that i’m just withdrawing when i absolutely need to now you might state alright that’s quite expensive 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 choices that they have a lot of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every six months you know depends completely how you’re investing but that is a charge to remember the second charge that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk which’s fine that matches 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 cost now when you utilize anyone so if you’re using trading 2 and 2 open market anyone at all this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion charge is there what are they actually offering you in regards to 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 say provide me us dollars instead you need to pay their costs now the fantastic thing about however when you have actually converted 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 means the preliminary day that you buy or convert 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 really excellent using that part of their website won’t definitely limit you in any way nevertheless we have to understand 2 other charges the first being what’s called spread costs 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 essentially the distinction that is part of the financial investment platform between the buy cost and the sale price alright 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 actually indicates that when you want to purchase or offer as you can see it’s not the cost you’re seeing up here let me reveal 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 find this all over this is another manner in which they make a percentage of profit 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 sell so they’re going to offer you less back with your sale and you say okay well why does that occur it just 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 and that is how they make a bit of money on those spread costs it’s usually extremely little 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 little bit cash now the last accomplishment is called an
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over night charge now this is truly important if you’re really using cfds yourself also an overnight charge is when you’re refraining from doing that buy sell transaction in the exact same day fine there’s then an over night fee charged or even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which suggests you’re really purchasing the precise asset instead of using utilize anyhow you will not get hit with these charges but these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s say if you go into the assistance area this isn’t the overnight costs 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 which just uses as i said to cfds there are some additional charges of course depending on what you are investing in as well this is on your own so keep that in mind however full costs are totally within their assistance details alright and we talked about as well as complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of in fact utilizing these copy operates they do not have any extra costs on top of the normal fees that
exist now what you need to remember though is these possibly managed by other people entirely or often have developed portfolios you have actually got a genuine individual doing the management you need to ensure you pick the individual that’s right for you similar to any kind of work this is your monetary properties so we definitely need to make sure it’s the ideal individual for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of various options for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative 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 will not need to put in your charge card details or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash possibly this is an excellent choice for you once again to check the theories alright you may want to buy tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe have fun with it obviously you might have missed out on gains and losses during that time obviously if you had actually invested your real money it permits you to develop confidence understand 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 prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i imply 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 risk simply indicates am i all right with possibly losing a great quantity of this investment or gaining as
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well now remember whatever is ups and downs you will earn money you’ll lose cash that’s why they make the statistic 75 people will lose cash but that equally implies they’ll lose at some time in their journey obviously people do make money too and i’ve got videos everything about how you can ensure you’re one of the people to in fact make money but in this situation make certain you research study your danger level would you be all right offering your money to another person which is efficiently what you’re doing and trusting them make certain you comprehend what they’re investing in fully if you’re somebody who isn’t wishing to be that dangerous do not select somebody who’s totally into crypto or currency conversion consider it you ‘d most likely want a foundation 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 utilize this too actually easily over here you can copy people now it will offer you a lot of options and you can use the system to actually look for someone that you elegant actually following so let’s see perhaps we want someone from unified kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has satisfied that requirements and it does provide you a danger element too 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 people that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you fine with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can actually 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 little bit so that’s great to understand ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got some of mine in fact that i purchase too which is great so in fact for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production business as that. Etoro Question Answers.
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