On this post you’ll find the answer to Etoro Account Types….Questions that i speak with new investors what if you’re brand new to investing you just do not want to decide what you in fact want to invest and you desire someone to do it for you there’s just a number of ways that that can take place the to start with you can work with an investment portfolio manager they’ll typically charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is of course you can buy 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 as well now if you’re brand new to an overall please keep in mind this platform is quite advanced you can do cfds which of course 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 don’t just assume because i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that option too so you in fact get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course 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 speaking about how to copy other individuals’s financial investments with your cash so certainly your capital is at threat and we need to bear that in mind do not simply do something since that individual has actually stated they have actually made earnings 14 months in a row buy these options since you think is the ideal 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 belongs to social trading which is one aspect that is most likely.
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well-known for it’s the option 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 means with our money we can actually state i want to do exactly what that trader is doing or match that specific portfolio of choices 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 financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs involved actually important you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly 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 no fee sites then may not charge you for actually buying and selling etfs or funds specific products individual stocks.
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there’ll be fees on other parts possibly 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 prior to you in fact begin buying copy trading or copy portfolios and finally some finest recommendations best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s kick off with fees truly crucial to understand these now on there’s a couple of costs there isn’t charges to do with in fact buying and selling fine so commission charges are totally free however there are a couple of other costs the first one is withdrawal costs so you can obviously put cash 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 in the future but when you wish to withdraw your cash so you sell your shares you offer your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m just withdrawing when i definitely need to now you may state all right that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are simply one of those options that they have a lot of platforms clearly are free to do such things has this 5 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 remember the second fee that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not an option to purchase in euros or uk and that’s great that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading two and 2 free trade anybody this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you sort of need to accept you understand if you want to use their platform go from uk to us then that conversion fee is there what are they in fact giving 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 offer me us dollars rather you need to pay their fees now the fantastic feature of though when you’ve converted your cash you do not have to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates 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 really excellent using that part of their site will not definitely restrict you in any way however we have to understand two other costs the first being what’s called spread fees fine and i’m going to reveal you what i imply on now a spread cost as i’m going to reveal you
on is essentially the difference that becomes part of the investment platform between the buy rate and the sale price fine 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 worth 599 per share in tesla that actually implies that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that once again so the present price of tesla is the value of a share what’s called spread costs is the difference then really to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of make money from you every time you do a buyer’s share so keep that in mind certainly it’s more expensive to buy than it is to offer so they’re going to provide you less back with your sale and you say all right 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 offer it which is how they make a bit of cash on those spread out costs it’s normally exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a little bit money now the last task is called an
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overnight fee now this is truly crucial if you’re in fact utilizing cfds yourself too an overnight fee is when you’re not doing that buy offer deal in the very same day okay there’s then an over night fee charged and even if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which indicates you’re really buying the precise possession instead of utilizing utilize anyway you will not get hit with these fees but these charges are if you’re utilizing leverage and cfds and after that 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 section this isn’t the over night charges info 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 and that just uses as i stated to cfds there are some added fees obviously depending upon what you are buying also this is on your own so keep that in mind however complete charges are totally within their help details all right and we spoke about in addition to totally free to deposit in but 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 have actually stated copy trading and copy portfolios are two different methods of actually utilizing these copy works they do not have any extra charges on top of the typical fees that
exist now what you require to remember though is these potentially managed by other people entirely or sometimes have developed portfolios you’ve got a real individual doing the management you have to make certain you choose the person that’s right for you just like any line of work this is your financial assets so we absolutely require 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 use this function we’ve got a number of various choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your charge card information or anything you can generally have this virtual portfolio mimic as if you are using your own cash however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money possibly this is a terrific choice for you once again to check the theories all right you may want to buy tesla or apple or this etf why not utilize the virtual option as a method to type of safe play with it clearly you might have lost out on gains and losses during that time obviously if you had invested your real money it allows you to construct self-confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to keep in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i mean by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply indicates am i all right with possibly losing a good quantity of this investment or acquiring as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose money however that similarly suggests they’ll lose eventually in their journey obviously people do generate income also and i’ve got videos everything about how you can make certain you’re one of individuals to actually make money however in this circumstance make certain you research your risk level would you be fine providing your cash to somebody else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re someone who isn’t wishing to be that dangerous do not select somebody who’s entirely into crypto or currency conversion think of it you ‘d probably want a backbone of strong products
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like gold and even oil plus more standard 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 say you can in fact use this too actually easily over here you can copy individuals now it will provide you a lot of options and you can use the system to really look for somebody that you expensive actually following so let’s see maybe we want somebody from joined kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has actually met that criteria and it does give you a risk aspect 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 number of individuals that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they might make 4 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 then you understand ask you to verify 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 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 bit so that’s excellent to know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is great so in fact for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s likewise got a bit more um of the type of primary food business and you’ve got you know pharmaceutical and production companies as that. Etoro Account Types.
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