On this post you’ll find the answer to Etoro Trading Down….Questions that i speak with new financiers what if you’re brand new to investing you merely do not wish to decide what you in fact want to invest and you want somebody to do it for you there’s only a number of manner ins which that can occur the firstly you can hire a financial investment portfolio manager they’ll usually 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 buy mutual funds specific funds are produced 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 remember this platform is rather sophisticated you can do cfds which of course cfds are ways of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform don’t simply presume since i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative too so you really get used to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re purchasing genuine companies if you select to in this specific video we’re talking about how to copy other people’s financial 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 individual has said they’ve made profit 14 months in a row buy these choices since you believe 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 most likely.
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famous for it’s the alternative to see what other traders are doing incredible we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can actually state i wish to do precisely what that trader is doing or match that precise portfolio of options and essentially each time they make a trade they buy they sell whatever they do your cash will be simulated with it so that suggests if for example 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 also cover is the fees involved actually vital you understand what are the costs of this now with any platform there will be some cost to undoubtedly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the absolutely no charge sites then might not charge you for actually buying and selling etfs or funds private commodities individual stocks.
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there’ll be charges on other parts possibly 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 costs with in particular in this video the next would be things to understand before you actually begin purchasing 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 more advanced investor so let’s start with charges truly important to understand these now on there’s a couple of charges there isn’t charges to do with actually buying and selling all right so commission charges are free however there are a number of other costs the very first one is withdrawal costs so you can certainly put cash 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 however when you wish to withdraw your money so you sell your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to ensure that i’m only withdrawing when i absolutely need to now you may say fine that’s quite pricey 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 simply among those alternatives that they have a great deal of platforms clearly 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 when every six months you know depends totally how you’re investing but that is a charge to keep in mind the second cost that i have actually touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an option to purchase in euros or uk and that’s fine that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading two and two free trade anyone at all this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion fee is there 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 provide me us dollars rather you have to pay their charges now the terrific thing about though when you have actually transformed your money you do not have to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s actually excellent using that part of their site won’t definitely limit you in any way nevertheless we have to know 2 other costs the very first being what’s called spread costs all right and i’m going to show you what i indicate on now a spread cost as i’m going to show you
on is basically the difference that becomes part of 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 site right now tesla’s dollar value 599 per share in tesla that really implies that when you want to offer or buy as you can see it’s not the cost 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 charges is the difference then actually to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of make money from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you say alright well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to offer it and that is how they make a bit of cash on those spread costs it’s generally extremely small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit money now the last task is called an
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overnight fee now this is really crucial if you’re actually using cfds yourself too an overnight fee is when you’re not doing that buy sell deal in the same day all right there’s then an overnight cost charged and even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which implies you’re actually buying the specific possession rather than utilizing leverage anyhow you won’t get hit with these costs however these costs are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you go into the aid section this isn’t the over night fees 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 which just uses as i stated to cfds there are some added fees naturally depending upon what you are purchasing also this is on your own so keep that in mind but complete fees are totally within their aid information all right and we discussed as well as free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of in fact utilizing these copy operates they don’t have any additional charges on top of the regular fees that
exist now what you need to remember though is these potentially managed by other individuals completely or sometimes have actually produced portfolios you have actually got a real individual doing the management you need to ensure you pick the individual that’s right for you just like any profession this is your monetary possessions so we definitely need to make sure it’s the ideal 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 couple of various options for us to start with if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine cash perhaps this is a great choice for you once again to evaluate the theories all right you may wish to purchase tesla or apple or this etf why not utilize the virtual option as a way to type of safe have fun with it undoubtedly you might have lost out on gains and losses during that time of course if you had actually invested your genuine cash it allows you to construct 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 actually how to copy individuals and copy portfolios now here’s something to keep in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i imply by that certainly 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 indicates am i fine with possibly losing an excellent amount of this investment or getting as
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well now remember everything is downs and ups you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose cash however that equally implies they’ll lose eventually in their journey clearly individuals do earn money also and i have actually got videos all about how you can make sure you are among the people to in fact earn money however in this circumstance make sure you research your threat level would you be fine providing your cash to somebody else which is successfully what you’re doing and trusting them make sure you comprehend what they’re purchasing fully if you’re someone who isn’t wishing to be that risky do not choose someone who’s entirely into crypto or currency conversion think about it you ‘d probably want a foundation of strong commodities
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like gold and even oil plus more conventional etfs and index funds you may not want 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 truly easily over here you can copy people now it will give you a great deal of options and you can utilize the system to in fact search for somebody that you fancy actually following so let’s see maybe we want somebody from unified kingdom um who invests in let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a great quantity and i can discover everybody who has actually met that requirements and it does give you a threat aspect too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to confirm are you all right with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she actually purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is great so really for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s likewise got a bit more um of the type of main food companies and you have actually got you understand pharmaceutical and production companies as that. Etoro Trading Down.