On this post you’ll find the answer to Etoro Financial Times….Questions that i speak with new investors what if you’re brand new to investing you just do not wish to choose what you in fact want to invest and you want somebody to do it for you there’s just a couple of manner ins which that can occur the to start with you can work with a financial investment portfolio supervisor they’ll generally 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 particular funds are developed once 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 a total please remember this platform is rather advanced you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform don’t just presume 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 utilized to the structure of the website and then when you’re ready to utilize your own money 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 real business if you pick to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so obviously your capital is at danger and we need to bear that in mind do not just do something because that person has actually said they’ve made earnings 14 months in a row buy these options because you think is the best 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 becomes part of social trading which is one aspect that is probably.
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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 lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can really state i want to do exactly what that trader is doing or match that exact portfolio of choices and essentially each time they make a trade they buy they sell whatever they do your money will be simulated 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 cash in so we’re going to likewise cover is the costs included truly vital you understand what are the costs of this now with any platform there will be some cost to clearly these are real 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 charge websites then might not charge you for really buying and selling funds or etfs specific products specific 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 type of charges associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand prior to you in fact begin investing in copy trading or copy portfolios and lastly some finest advice best practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s start with charges actually essential to understand these now on there’s a couple of fees there isn’t costs to do with actually buying and selling okay so commission charges are totally free however there are a couple of other fees the first one is withdrawal charges 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 automatically converted into us dollars and i’ll cover a little point about that in the future however when you wish to withdraw your cash so you sell your shares you sell your commodities 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 of course understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you may say okay that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are just one of those options that they have a great deal of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every six months you know depends entirely how you’re investing however that is a fee to bear in mind the second cost that i’ve touched upon is that conversion charge now with you’re handling us dollars only there’s not an option to buy in euros or uk and that’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 buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading two and two open market anybody this is standard they have actually i suppose stuck with 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 exists what are they really providing you in terms of 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 state give me us dollars rather you need to pay their costs now the excellent aspect of though 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 cash dollars for as long as you like so that indicates the initial 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 extra fees so that’s truly good using that part of their site will not certainly limit you in any way nevertheless we need to be aware of two other costs the first being what’s called spread costs all right and i’m going to show you what i mean on now a spread charge as i’m going to show you
on is essentially the difference that becomes part of the investment platform in between the buy price and the price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that really indicates that when you want to buy or offer as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing price of tesla is the value of a share what’s called spread charges is the distinction then in fact to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you say all right well why does that occur it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to sell it and that is how they make a little bit of money on those spread out costs it’s normally extremely small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit money now the last accomplishment is called an
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overnight fee now this is really essential if you’re actually using cfds yourself also an over night fee is when you’re not doing that buy sell deal in the very same day alright there’s then an overnight charge charged and even if you go from the friday to the monday prior to cruising 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 take advantage of which indicates you’re in fact buying the specific possession rather than utilizing leverage anyway you will not get hit with these charges however these charges 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 say if you enter into the assistance section this isn’t the over night charges 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 and that just uses as i said to cfds there are some surcharges obviously depending upon what you are purchasing too this is on your own so keep that in mind however complete charges are completely within their aid details fine and we talked about as well as totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of really using these copy functions they do not have any additional costs on top of the typical fees that
are there now what you require to bear in mind though is these potentially managed by other people entirely or in some cases have developed portfolios you’ve got a genuine person doing the management you need to make certain you pick the person that’s right for you just like any profession this is your monetary possessions so we absolutely require to make sure it’s the best person for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve 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 option to invest genuine money or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are using your own cash however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine cash possibly this is a terrific choice for you once again to evaluate the theories fine you might want to purchase tesla or apple or this etf why not use the virtual alternative as a method to sort of safe have fun with it clearly you might have lost out on gains and losses throughout that time of course if you had actually invested your genuine money it permits you to build self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to remember before you choose 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 financial investments the riskier you can be run the risk of simply suggests am i okay with possibly losing an excellent quantity of this investment or acquiring as
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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 individuals will lose cash but that similarly indicates they’ll lose at some time in their journey undoubtedly people do generate income as well and i’ve got videos all about how you can make sure you’re one of the people to in fact generate income however in this situation ensure you research study your danger level would you be okay offering your cash to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re buying fully if you’re somebody who isn’t wanting to be that risky do not pick somebody who’s totally into crypto or currency conversion think of it you ‘d probably want a backbone of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually use this too actually quickly over here you can copy people now it will provide you a lot of choices and you can use the system to in fact look for somebody that you fancy actually following so let’s see maybe we desire somebody from united kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has fulfilled that criteria and it does provide you a danger aspect too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they might make four 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 then you know ask you to confirm are you all right with this and off you go now another way to in fact deep dive if we click on this person for instance 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 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 kind of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is excellent so actually for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s also got a bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production business as that. Etoro Financial Times.
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