On this post you’ll find the answer to Etoro Australia Customer Service….Questions that i speak with brand-new investors what if you’re brand new to investing you merely don’t want 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 first off you can hire a financial investment portfolio manager they’ll usually charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is naturally you can purchase mutual funds specific funds are developed 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 also now if you’re brand new to an overall please remember this platform is quite advanced you can do cfds which naturally cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform don’t just assume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that alternative as well so you actually get utilized to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re purchasing real business if you pick to in this specific video we’re speaking about how to copy other people’s investments with your cash so certainly your capital is at danger and we need to bear that in mind do not just do something because that person has stated they’ve made profit 14 months in a row purchase these choices because you believe is the ideal ones for you which being said let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is probably.
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well-known for it’s the alternative to see what other traders are doing amazing 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 suggests with our money we can really say i want to do precisely what that trader is doing or match that exact portfolio of choices and basically each time they make a trade they purchase they offer whatever they do your money will be simulated with it so that indicates if for example 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 likewise cover is the fees included truly important you understand what are the costs of this now with any platform there will be some cost to certainly 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 no charge websites then may not charge you for really buying and selling funds or etfs private products individual stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand prior to you actually start investing in copy trading or copy portfolios and lastly some best guidance best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s start with costs actually important to understand these now on there’s a number of fees there isn’t costs to do with really buying and selling alright so commission fees are totally free nevertheless there are a couple of other costs the very first one is withdrawal fees so you can clearly put cash in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your money so you sell 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 5 dollars per withdrawal so for me of course understanding that i’m going to make certain that i’m just withdrawing when i definitely need to now you might say fine that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are just one of those alternatives that they have a great deal of platforms clearly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every six months you know depends entirely how you’re investing but that is a fee to keep in mind the second cost that i have actually touched upon is that conversion fee now with you’re handling us dollars only there’s not an option 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 perhaps 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 free trade anybody this is standard they have i expect stuck to whatever cost they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion cost exists what are they actually 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 have to pay their charges now the fantastic aspect of however when you have actually converted your money you do not need to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests 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 really excellent using that part of their website will not definitely limit you in any way nevertheless we have to be aware of 2 other fees the first being what’s called spread costs fine and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you
on is essentially the difference that is part of the investment platform between the buy rate and the list price okay 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 worth 599 per share in tesla that really indicates that when you wish to buy or sell as you can see it’s not the price you’re seeing up here let me reveal you that again so the current price of tesla is the worth of a share what’s called spread charges is the difference then in fact to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind obviously it’s more expensive to purchase than it is to offer so they’re going to give you less back with your sale and you say alright well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to offer it which is how they make a little bit of money on those spread charges it’s generally extremely little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a little bit cash now the last accomplishment is called an
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over night cost now this is actually important if you’re really using cfds yourself as well an overnight charge is when you’re refraining from doing that buy sell deal in the exact same day fine there’s then an over night cost charged and even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which indicates you’re actually purchasing the specific property rather than using take advantage of anyway you won’t get hit with these costs but these costs are if you’re using leverage and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you go into the aid area this isn’t the overnight fees information you can see precisely the breakdown and it’ll inform 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 applies as i said to cfds there are some service charges obviously depending on what you are buying as well this is on your own so keep that in mind but complete costs are totally within their assistance info okay and we talked about as well as totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity 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 various methods of actually utilizing these copy operates they do not have any additional charges on top of the normal costs that
exist now what you require to bear in mind though is these potentially handled by other people entirely or sometimes have actually produced portfolios you have actually got a genuine person doing the management you have to ensure you select the individual that’s right for you just like any kind of work this is your monetary possessions so we absolutely need to make sure it’s the best 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 couple of different alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real 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 need to put in your charge card details or anything you can generally have this virtual portfolio simulate as if you are utilizing your own cash however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money perhaps this is a fantastic option for you again to test the theories all right you may wish to purchase tesla or apple or this etf why not use the virtual choice as a way to kind of safe play with it clearly you may have missed out on gains and losses during that time obviously if you had invested your real cash it enables you to develop self-confidence comprehend 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 people and copy portfolios now here’s something to remember prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i indicate 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 run the risk of simply suggests am i alright with possibly losing a good quantity of this 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 cash that’s why they make the figure 75 people will lose cash however that similarly suggests they’ll lose at some time in their journey undoubtedly individuals do generate income too and i’ve got videos all about how you can ensure you’re one of individuals to really generate income however in this scenario make sure you research your risk level would you be fine offering your money to someone else which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing fully if you’re someone who isn’t wishing to be that dangerous do not pick 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 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 use this too really easily over here you can copy people now it will provide you a lot of options and you can utilize the system to actually search for somebody that you fancy in fact following so let’s see maybe we desire somebody from joined 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 quantity and i can find everybody who has actually fulfilled that requirements and it does give you a danger element as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have rather high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to verify are you alright with this and off you go now another method to really deep dive if we click this person for example 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 little bit so that’s excellent to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got some of mine really that i buy 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 great spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the type of main food companies and you have actually got you know pharmaceutical and production business as that. Etoro Australia Customer Service.
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