On this post you’ll find the answer to Etoro Customer Support….Questions that i speak with brand-new investors what if you’re brand new to investing you just don’t wish to decide what you in fact want to invest and you desire someone to do it for you there’s just a couple of manner ins which that can happen the firstly you can work with an investment portfolio supervisor they’ll typically charge a rather a high premium to do that possibly one or two percent of your profits will go to them the other thing is obviously you can purchase mutual funds specific funds are produced 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 as well now if you’re brand new to an overall please keep in mind this platform is quite sophisticated you can do cfds which naturally cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re learning about please do study the platform do not just presume because i use 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 site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re purchasing real companies if you pick to in this particular video we’re discussing how to copy other individuals’s investments with your money so obviously your capital is at danger and we need to bear that in mind do not just do something because that person has said they’ve made profit 14 months in a row purchase these choices because you think is the ideal 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 element that is probably.
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famous for it’s the choice to see what other traders are doing amazing we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can in fact say i wish to do precisely what that trader is doing or match that specific portfolio of choices and basically each time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that implies if for example 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 charges involved actually important you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no charge sites then might not charge you for in fact buying and selling etfs or funds individual commodities individual stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 understand prior to you really begin purchasing copy trading or copy portfolios and lastly some finest advice best practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s kick off with costs really important to understand these now on there’s a number of charges there isn’t charges to do with really buying and selling okay so commission charges are complimentary nevertheless there are a couple of other costs the very first one is withdrawal charges so you can obviously put cash in now if you’re in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money so you offer 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 certain that i’m only withdrawing when i definitely require to now you might 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 costs somewhere and withdrawal costs are simply one of those options that they have a great deal of platforms undoubtedly are totally free 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 six months you understand depends totally how you’re investing but that is a cost to keep in mind the second cost that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s fine that suits 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 good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and 2 free trade anybody this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you type of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge exists what are they actually providing you in regards to 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 say offer me us dollars instead you need to pay their costs now the great feature of however when you have actually converted your money you do not have 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 convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s truly great utilizing that part of their website will not certainly restrict you in any way however we have to know two other fees the very first being what’s called spread costs fine and i’m going to show you what i indicate on now a spread charge as i’m going to show you
on is generally the difference that is part of the financial investment platform between the buy rate and the sale price all right 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 actually suggests that when you wish to purchase or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the existing rate of tesla is the value of a share what’s called spread charges is the difference 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 make money from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to offer so they’re going to provide you less back with your sale and you say fine well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference 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 charges it’s typically incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit cash now the last accomplishment is called an
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over night fee now this is actually important if you’re in fact using cfds yourself also an overnight fee is when you’re not doing that buy sell transaction in the same day okay there’s then an overnight fee charged and even if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which suggests you’re actually buying the exact property instead of using utilize anyhow you will not get hit with these fees however these charges are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you go into the assistance section this isn’t the overnight costs details you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which just uses as i said to cfds there are some additional charges obviously depending upon what you are investing in too this is on your own so keep that in mind however complete costs are totally within their assistance information all right and we discussed along with totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of really using these copy functions they don’t have any additional costs on top of the typical charges that
exist now what you require to keep in mind though is these possibly managed by other individuals completely or in some cases have produced portfolios you’ve got a genuine individual doing the management you have to make sure you pick the person that’s right for you much like any type of work this is your monetary possessions so we absolutely require to make certain it’s the ideal person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a couple of various options for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine money perhaps this is a great choice for you again to check the theories okay you may want to buy tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe play with it certainly you might have lost out on gains and losses throughout that time naturally if you had invested your genuine money it permits you to build self-confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to keep in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i imply by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk simply means am i all right with potentially losing an excellent quantity of this investment or acquiring as
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well now remember whatever is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 people will lose money however that equally indicates they’ll lose at some time in their journey undoubtedly individuals do generate income as well and i have actually got videos all about how you can ensure you are among the people to in fact make money but in this scenario ensure you research your danger level would you be fine giving your cash to another person which is effectively what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re somebody who isn’t wishing 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 might 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 offer you a great deal of options and you can use the system to actually look for someone that you elegant actually following so let’s see possibly we want someone from united kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everybody who has actually fulfilled that requirements and it does offer you a risk factor as well so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to validate are you alright with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she actually purchasing 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 good to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is excellent so actually for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s also got a bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production companies as that. Etoro Customer Support.
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