On this post you’ll find the answer to Etoro Founder….Questions that i hear from new financiers what if you’re brand new to investing you just don’t wish to decide what you really wish to invest and you want somebody to do it for you there’s just a number of ways that that can happen the first of all you can employ an investment portfolio manager they’ll normally charge a quite a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is obviously you can buy mutual funds particular funds are created once 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 bear in mind this platform is rather sophisticated you can do cfds which of course cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform don’t just presume because i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they consider that option also so you in fact get used 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 investing in real business if you pick to in this specific video we’re speaking about how to copy other individuals’s investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not just do something because that individual has stated they’ve made earnings 14 months in a row buy these choices due to the fact that you believe is the best ones for you and that being said let’s dive directly 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 most likely.
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well-known for it’s the option to see what other traders are doing extraordinary we do not normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and essentially each time they make a trade they buy they sell whatever they do your money will be imitated with it so that indicates if for instance 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 fees included truly critical you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no charge websites then may not charge you for actually buying and selling funds or etfs specific commodities private stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees 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 start purchasing copy trading or copy portfolios and finally some finest advice best practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s kick off with costs really crucial to comprehend these now on there’s a couple of costs there isn’t costs to do with actually buying and selling okay so commission fees are complimentary nevertheless there are a number of other costs the first one is withdrawal costs so you can obviously put cash in now if you’re 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 later but when you wish to withdraw your cash so you offer your shares you sell 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 knowing that i’m going to make certain that i’m only withdrawing when i definitely require to now you might say all right that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are just among those options that they have a great deal of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every 6 months you know depends completely how you’re investing however that is a cost to bear in mind the second fee that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not an option to buy in euros or uk and that’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or 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 2 and two free trade anyone at all this is basic they have i expect stuck with whatever cost they charge for that conversion rate you type of have to accept you understand if you want to use their platform go from uk to us then that conversion cost exists what are they really 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 rather you have to pay their fees now the terrific thing about though when you have actually converted your cash you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s really excellent using that part of their website will not certainly restrict you in any way however we have to be aware of 2 other fees the first being what’s called spread fees all right and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you
on is basically the distinction that is part of the financial investment platform between the buy price and the price fine 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 in fact indicates that when you want to sell or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present price of tesla is the worth of a share what’s called spread charges is the distinction then in fact to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of benefit from you each time you do a buyer’s share so keep that in mind clearly 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 alright well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it which is how they make a little bit of cash on those spread out charges it’s generally incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit cash now the last task is called an
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overnight fee now this is really important if you’re actually utilizing cfds yourself also an over night cost is when you’re not doing that buy offer transaction in the same day alright there’s then an overnight charge charged and even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which means you’re in fact purchasing the exact asset rather than using take advantage of anyhow you will not get hit with these charges but these charges are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you go into the help section this isn’t the overnight fees info you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that just applies as i stated to cfds there are some service charges obviously depending on what you are investing in as well this is on your own so keep that in mind but complete charges are totally within their help info fine and we talked about along with totally 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’ve said copy trading and copy portfolios are two different ways of actually using these copy operates they don’t have any additional fees on top of the typical costs that
are there now what you require to remember though is these possibly handled by other people entirely or often have actually created portfolios you’ve got a real person doing the management you need to make certain you choose the person that’s right for you much like any line of work this is your financial properties so we absolutely require to ensure it’s the best individual for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of various alternatives for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real money or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your credit card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own money but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine cash possibly this is an excellent alternative for you again to check the theories alright you might wish to buy tesla or apple or this etf why not use the virtual alternative as a method to type of safe play with it undoubtedly you may have missed out on gains and losses during that time naturally if you had invested your real money it enables you to construct 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 really how to copy individuals and copy portfolios now here’s something to keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i imply by that undoubtedly 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 potentially losing an excellent quantity of this financial investment or gaining as
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well now keep in mind whatever is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 people will lose cash but that equally suggests they’ll lose eventually in their journey undoubtedly people do generate income as well and i’ve got videos everything about how you can ensure you are among the people to actually make money but in this situation make certain you research your risk level would you be alright providing your money to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re someone who isn’t wishing to be that dangerous do not choose somebody who’s entirely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong commodities
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like gold and even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really use this too truly easily over here you can copy people now it will give you a lot of options and you can utilize the system to actually search for someone that you fancy actually following so let’s see perhaps we want somebody from united kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a great quantity and i can discover everyone who has fulfilled that criteria and it does provide you a risk element as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
remember 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 could 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 know ask you to validate are you okay with this and off you go now another way to in fact 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 buying 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 good to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine actually that i purchase too which is great so actually for me understanding 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 bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production business as that. Etoro Founder.
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