On this post you’ll find the answer to Etoro Trading Academy….Concerns that i speak with brand-new investors what if you’re brand new to investing you simply do not wish to decide what you really want to invest and you want someone to do it for you there’s only a couple of ways that that can happen 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 perhaps one or two percent of your profits will go to them the other thing is obviously you can purchase mutual funds specific 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 quite sophisticated you can do cfds which obviously cfds are ways 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 don’t simply assume since i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative as well so you really get utilized to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re investing in real companies if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your money so clearly your capital is at risk and we have to bear that in mind do not simply do something since that person has said they have actually made revenue 14 months in a row buy these options due to the fact that you believe is the best ones for you and that being said let’s dive directly 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 belongs to social trading which is one element that is probably.
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popular for it’s the alternative to see what other traders are doing unbelievable 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 means with our money we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and generally every time they make a trade they buy they offer whatever they do your money will be imitated with it so that suggests if for instance 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 also cover is the fees involved really vital you understand what are the costs of this now with any platform there will be some cost to clearly 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 absolutely no fee websites then might not charge you for in fact buying and selling funds or etfs private commodities specific stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know prior to you really start purchasing copy trading or copy portfolios and lastly some best suggestions best practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s begin with fees really crucial to understand these now on there’s a couple of fees there isn’t costs to do with in fact buying and selling okay so commission fees are complimentary however there are a couple of other fees the very first one is withdrawal charges so you can certainly put money in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your cash so you sell 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 five dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m just withdrawing when i definitely require to now you might say all right that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are just among those options that they have a lot of platforms obviously are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every 6 months you understand depends totally how you’re investing however that is a charge to bear in mind the 2nd fee that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk and that’s great that fits 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 great with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading 2 and two free trade anybody this is standard they have actually i expect stuck with whatever charge 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 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 offer me us dollars rather you need to pay their fees now the excellent thing about though when you’ve converted your money you do not have to invest it immediately that dollar worth can sit in your portfolio as cash dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s really great using that part of their site won’t definitely restrict you in any way however we have to know two other charges the first being what’s called spread charges okay and i’m going to show you what i imply on now a spread fee as i’m going to show you
on is essentially the difference that belongs to the investment platform between the buy price and the price alright 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 worth 599 per share in tesla that actually indicates that when you want to offer or purchase 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 costs is the difference then really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind certainly it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you state okay well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread out charges it’s generally extremely small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a little bit cash now the last accomplishment is called an
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overnight fee now this is truly essential if you’re in fact using cfds yourself as well an overnight fee is when you’re refraining from doing that buy sell transaction in the very same day alright there’s then an over night charge charged or even if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which indicates you’re actually buying the precise asset rather than utilizing utilize anyhow you won’t get hit with these fees however these costs are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you go into the help section this isn’t the overnight charges details you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that just applies as i stated to cfds there are some additional charges of course depending on what you are investing in also this is on your own so keep that in mind however full costs are completely within their help information alright and we spoke about along with free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular 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 methods of actually using these copy works they don’t have any additional costs on top of the normal fees that
exist now what you need to keep in mind though is these possibly handled by other individuals totally or sometimes have actually created portfolios you’ve got a genuine individual doing the management you need to ensure you pick the individual that’s right for you much like any kind of work this is your monetary properties so we absolutely require to ensure it’s the best individual 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 different choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual methods 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 need to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money maybe this is a terrific alternative for you again to evaluate the theories okay you may wish to purchase tesla or apple or this etf why not use the virtual option as a method to type of safe have fun with it obviously you may 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 comprehend the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i mean 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 all right with possibly losing an excellent amount of this financial investment or getting as
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well now keep in mind everything is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose cash but that equally suggests they’ll lose at some point in their journey clearly individuals do earn money also and i’ve got videos all about how you can make certain you are among individuals to really make money however in this situation ensure you research your risk level would you be okay offering your money to someone else which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing fully if you’re somebody who isn’t wanting to be that risky don’t select somebody who’s completely into crypto or currency conversion think of it you ‘d probably desire a foundation 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 same with who you’re following now as i say you can really use this too really easily over here you can copy individuals now it will give you a lot of choices and you can utilize the system to in fact look for somebody that you fancy in fact following so let’s see maybe we desire somebody from joined kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everybody who has actually fulfilled that requirements and it does give you a risk element also 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 individuals that have quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to validate are you alright with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she really 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 little bit so that’s great to understand ibm paypal yep she’s absolutely like type 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 in fact for me knowing what i like to buy my private 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 likewise got a little bit more um of the type of main food companies and you’ve got you know pharmaceutical and production business as that. Etoro Trading Academy.