On this post you’ll find the answer to Etoro Is My Money Safe….Questions that i hear from new investors what if you’re brand new to investing you merely do not wish to choose what you really want to invest and you desire someone to do it for you there’s just a number of ways that that can occur the first of all you can work with an investment portfolio manager they’ll normally charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is obviously you can buy 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 an overall please keep in mind this platform is rather sophisticated 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 learning about please do study the platform do not just presume since i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they consider that choice as well so you in fact get utilized to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re buying real companies if you select to in this particular video we’re discussing how to copy other people’s investments with your money so certainly your capital is at risk and we have to bear that in mind do not simply do something because that individual has actually stated they’ve made profit 14 months in a row buy these choices since you think is the best 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 alternative to see what other traders are doing amazing we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can in fact state i want to do exactly what that trader is doing or match that specific portfolio of choices and essentially every time they make a trade they buy they offer whatever they do your cash will be simulated with it so that suggests if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges included actually important you understand what are the expenses of this now with any platform there will be some cost to certainly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the no cost websites then might not charge you for really buying and selling funds or etfs specific commodities individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to know before you actually begin investing in copy trading or copy portfolios and lastly some best recommendations 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 important to comprehend these now on there’s a number of fees there isn’t fees to do with actually buying and selling fine so commission costs are free however there are a number of other charges the very first one is withdrawal costs so you can certainly put cash in now if you remain in the uk we put our uk cash.
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and it’s instantly 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 amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might say alright that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are just among those choices that they have a great deal of platforms obviously are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every 6 months you understand depends completely how you’re investing but that is a cost to remember the 2nd fee that i have actually touched upon is that conversion charge now with you’re handling us dollars only there’s not a choice to purchase in euros or uk which’s fine that fits 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 good with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading 2 and 2 open market anybody this is standard they have actually i expect stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you wish to utilize their platform go from uk to us then that conversion cost is there what are they actually offering 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 say offer me us dollars rather you need to pay their fees now the terrific aspect of though when you’ve transformed your money you do not need to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s truly good utilizing that part of their site won’t definitely limit you in any way nevertheless we need to be aware of two other fees the very first being what’s called spread costs fine and i’m going to reveal you what i mean on now a spread fee as i’m going to show you
on is essentially the difference that is part of the financial investment platform in between the buy cost and the 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 right now tesla’s dollar worth 599 per share in tesla that in fact means that when you want to buy or sell as you can see it’s not the cost you’re seeing up here let me show you that again so the existing price of tesla is the worth of a share what’s called spread fees is the difference then actually to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you each time you do a purchaser’s share so keep that in mind obviously it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you state all right well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to sell it which is how they make a little bit of money on those spread charges it’s typically exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit cash now the last task is called an
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over night cost now this is truly essential if you’re in fact using cfds yourself too an overnight cost is when you’re refraining from doing that buy sell deal in the exact same day fine there’s then an overnight charge charged and even if you go from the friday to the monday before 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 implies you’re in fact buying the precise possession rather than utilizing leverage anyhow you won’t get hit with these fees however these costs are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you enter into the help area this isn’t the overnight fees info 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 and that just applies as i stated to cfds there are some additional charges naturally depending on what you are purchasing also this is on your own so keep that in mind however complete fees are completely within their aid details alright and we spoke 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 normal product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of really using these copy functions they do not have any extra charges on top of the typical fees that
are there now what you need to bear in mind though is these potentially managed by other people completely or in some cases have developed portfolios you’ve got a real person doing the management you need to make certain you select the individual that’s right for you similar to any profession this is your monetary assets so we absolutely require to make sure it’s the right individual for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple of various choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your charge card details or anything you can generally have this virtual portfolio simulate as if you are using your own cash but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine cash possibly this is a terrific alternative for you again to check the theories all right you might wish to purchase tesla or apple or this etf why not utilize the virtual option as a way to kind of safe have fun with it undoubtedly you might have lost out on gains and losses during that time naturally if you had actually invested your genuine money it permits you to develop confidence comprehend the platform so that’s one choice 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 prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand 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 risk just implies am i all right with possibly losing a great amount of this investment or acquiring as
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well now remember whatever is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose cash however that similarly indicates they’ll lose at some time in their journey certainly individuals do generate income as well and i have actually got videos all about how you can make certain you are among individuals to actually generate income however in this situation ensure you research your danger level would you be fine giving your cash to someone else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re investing in totally if you’re someone who isn’t wishing to be that dangerous do not choose somebody who’s completely into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong commodities
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like gold and even oil plus more traditional etfs and index funds you may 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 actually utilize this too actually easily over here you can copy people now it will provide you a great deal of choices and you can use the system to really search for someone that you fancy actually following so let’s see maybe we want someone from joined kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a good amount and i can discover everyone who has actually fulfilled that requirements and it does provide you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety 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 mean someone will make 56 for you for the next 12 months they could 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 confirm are you fine with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she in fact investing in so let’s go 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 definitely like kind of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is good so in fact for me understanding what i like to purchase my specific 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 likewise got a little bit more um of the type of primary food business and you have actually got you know pharmaceutical and production companies as that. Etoro Is My Money Safe.
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