On this post you’ll find the answer to Etoro Demo Contest….Concerns that i hear from brand-new investors what if you’re brand new to investing you just do not wish to choose what you actually want to invest and you desire somebody to do it for you there’s only a number of manner ins which that can take place the to start with you can employ a financial investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 rather advanced you can do cfds which naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re learning more about please do study the platform do not just presume since i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that alternative too so you in fact get utilized to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re purchasing genuine companies if you choose to in this particular video we’re speaking about how to copy other people’s financial investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not simply do something because that person has stated they’ve made earnings 14 months in a row invest in these choices because you think is the right ones for you and that being said let’s dive straight in [Music] so the important 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 element that is most likely.
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popular for it’s the choice to see what other traders are doing amazing we do not usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can in fact say i want to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially whenever they make a trade they purchase they offer whatever they do your cash will be imitated with it so that indicates if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs included actually critical you understand what are the expenses of this now with any platform there will be some expense to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the absolutely no fee websites then may not charge you for really buying and selling etfs or funds specific products specific stocks.
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there’ll be costs 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 costs with in particular in this video the next would be things to understand prior to you really begin buying copy trading or copy portfolios and finally some best suggestions best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s begin with costs really essential to comprehend these now on there’s a number of charges there isn’t charges to do with actually buying and selling okay so commission costs are complimentary however there are a number of other fees the first one is withdrawal fees 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 automatically converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your cash so you offer your shares you sell your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m just withdrawing when i definitely require to now you may state okay that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are just one of those choices that they have a great deal of platforms obviously are complimentary 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 once every 6 months you know depends entirely how you’re investing however that is a cost to remember the 2nd charge that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading two and two free trade anyone at all this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion charge exists what are they in fact offering 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 give me us dollars instead you need to pay their costs now the great thing about however when you’ve transformed your cash you do not need to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s actually good using that part of their website won’t certainly restrict you in any way however we need to know two other costs the first being what’s called spread costs fine and i’m going to reveal you what i indicate on now a spread cost as i’m going to show you
on is essentially the difference that belongs to the financial investment platform in between the buy rate and the sale price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really means that when you wish to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current cost of tesla is the value of a share what’s called spread fees 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 benefit from you whenever you do a purchaser’s share so keep that in mind obviously it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you state okay well why does that occur 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 sell it and that is how they make a bit of cash on those spread out fees it’s normally extremely little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit cash now the last task is called an
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overnight fee now this is actually essential if you’re really utilizing cfds yourself as well an overnight charge is when you’re not doing that buy sell transaction in the very same day alright there’s then an overnight cost charged and even if you go from the friday to the monday prior to cruising 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 take advantage of which means you’re actually purchasing the specific asset instead of using leverage anyway you will not get hit with these fees but these charges are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the aid area this isn’t the over night fees 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 which just applies as i said to cfds there are some service charges naturally depending upon what you are buying also this is on your own so keep that in mind however full fees are completely within their help information all right and we discussed in addition to free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of in fact using these copy functions they do not have any additional costs on top of the regular costs that
are there now what you need to remember though is these possibly handled by other individuals totally or sometimes have actually created portfolios you’ve got a genuine person doing the management you need to make certain you select the person that’s right for you similar to any profession this is your financial assets so we definitely need to make certain 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 couple of different alternatives 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 real money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your credit card information or anything you can essentially have this virtual portfolio mimic as if you are using your own money 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 fantastic option for you again to check the theories fine you may want to buy tesla or apple or this etf why not use the virtual alternative as a method to kind of safe play with it obviously you might have missed out on gains and losses during that time obviously if you had actually invested your genuine cash it allows 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 really how to copy people and copy portfolios now here’s something to keep in mind before you pick 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 indicate by that clearly 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 just indicates am i fine with possibly losing a great quantity of this financial investment or getting as
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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 people will lose cash but that similarly means they’ll lose eventually in their journey undoubtedly individuals do earn money also and i’ve got videos everything about how you can make sure you are among the people to in fact make money but in this scenario make certain you research your danger level would you be okay providing your cash to somebody else which is successfully what you’re doing and trusting them make certain you comprehend what they’re buying totally if you’re somebody who isn’t wanting to be that risky do not select somebody who’s entirely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products
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like gold and even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really utilize this too really quickly over here you can copy individuals now it will offer you a great deal of options and you can utilize the system to really search for somebody that you elegant actually following so let’s see possibly we desire somebody from unified kingdom um who buys let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds a great amount and i can find everybody who has satisfied that criteria and it does give you a danger aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of people 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 imply somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to guarantee 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 confirm are you alright with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she actually buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is good so in fact for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production business as that. Etoro Demo Contest.
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