On this post you’ll find the answer to Etoro Trading Platforms….Questions that i speak with new financiers what if you’re brand new to investing you just do not want to choose what you actually want to invest and you desire someone to do it for you there’s only a couple of ways that that can occur the to start with you can hire a financial investment portfolio manager they’ll normally charge a quite a high premium to do that maybe one or two percent of your earnings will go to them the other thing is naturally you can buy mutual funds particular funds are created 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 also now if you’re brand new to an overall please keep in mind this platform is quite advanced you can do cfds which of course 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 more about please do study the platform do not just assume because i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that option also so you actually get utilized to the structure of the site and after that 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 threat this is investing we’re doing you’re investing in real companies if you choose to in this particular video we’re discussing how to copy other individuals’s investments with your money so certainly your capital is at threat and we need to bear that in mind do not simply do something since that person has actually stated they’ve made earnings 14 months in a row invest in these choices since you think is the right ones for you and that being said 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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well-known for it’s the choice to see what other traders are doing amazing we don’t typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can really state i wish to do precisely what that trader is doing or match that precise portfolio of choices and essentially each time they make a trade they buy they sell whatever they do your cash will be simulated with it so that means if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges involved truly crucial you understand what are the expenses of this now with any platform there will be some cost to obviously these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the zero fee websites then may not charge you for really buying and selling funds or etfs individual products specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges 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 understand before you really begin buying copy trading or copy portfolios and finally some best suggestions finest practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s kick off with charges truly essential to understand these now on there’s a couple of fees there isn’t fees to do with really buying and selling all right so commission costs are free however there are a number of other costs the very 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 but when you wish to withdraw your cash so you offer your shares you offer 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 understanding that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might say all right that’s rather 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 just one of those choices that they have a lot of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every 6 months you know depends entirely how you’re investing but that is a cost to keep in mind the 2nd cost that i’ve touched upon is that conversion fee now with you’re handling us dollars just there’s not an alternative to buy in euros or uk which’s fine that matches 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 charge now when you use anybody so if you’re using trading two and 2 free trade anyone at all this is standard they have actually i expect stuck with whatever cost they charge for that conversion rate you kind of have to accept you know if you want to utilize their platform go from uk to us then that conversion cost is there what are they in fact offering 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 state provide me us dollars instead you have to pay their fees now the excellent aspect of however when you’ve converted your cash you do not have to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s actually good using that part of their website won’t definitely restrict you in any way however we need to know 2 other costs the first being what’s called spread fees all right and i’m going to show you what i indicate on now a spread charge as i’m going to reveal you
on is essentially the distinction that is part of the investment platform in between the buy price and the sale price fine 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 means that when you want to sell or buy as you can see it’s not the cost you’re seeing up here let me show you that again so the current cost of tesla is the value of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money from you every time you do a buyer’s share so keep that in mind undoubtedly 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 say fine well why does that occur it just does that is the nature of a lot 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 bit of cash on those spread out costs it’s generally incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a bit money now the last accomplishment is called an
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over night cost now this is really essential if you’re in fact using cfds yourself also an over night cost is when you’re not doing that buy offer deal in the exact same day fine there’s then an overnight charge charged or even if you go from the friday to the monday prior to sailing a weekend charge 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 asset rather than utilizing leverage anyhow you won’t get hit with these fees however these fees are if you’re utilizing utilize and cfds and after that you’re going to have these charges if you’re not buy selling in the same day so let’s state if you go into the help area this isn’t the over night costs details 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 applies as i said to cfds there are some service charges naturally depending upon what you are purchasing as well this is on your own so keep that in mind but complete fees are totally within their help information fine and we talked about along with free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different ways of really utilizing these copy functions they do not have any additional charges on top of the normal charges that
are there now what you need to remember though is these potentially managed by other people completely or in some cases have produced portfolios you’ve got a real individual doing the management you need to ensure you select the person that’s right for you just like any profession this is your financial properties so we definitely need to make certain it’s the ideal person 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 options for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your charge card information or anything you can essentially have this virtual portfolio simulate as if you are using your own money however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash perhaps this is a terrific option for you once again to check the theories okay you might wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to sort of safe play with it certainly you may have lost out on gains and losses throughout that time naturally if you had invested your real cash it permits you to develop 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 actually how to copy individuals and copy portfolios now here’s something to remember prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat 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 financial investments the riskier you can be risk just indicates am i alright with potentially losing an excellent amount of this investment or acquiring as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose cash however that similarly indicates they’ll lose eventually in their journey clearly people do earn money as well and i’ve got videos all about how you can ensure you are among individuals to in fact earn money however in this scenario ensure you research study your risk level would you be alright giving your money to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re somebody who isn’t wishing to be that risky don’t select someone who’s completely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong products
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like gold or even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact utilize this too actually easily over here you can copy people now it will give you a great deal of options and you can use the system to really search for someone that you expensive actually following so let’s see possibly we desire someone from united kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a great amount and i can discover everyone who has actually met that criteria and it does offer you a threat factor also 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 people that have rather high returns
bear in mind 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 four or minus 50 there’s no other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to confirm are you all right with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she in fact 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 certainly like sort of into those blue box and the tech market she’s got some of mine actually that i invest in too which is good so really for me understanding 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 seems to be what she chooses she’s likewise got a bit more um of the kind of main food companies and you’ve got you understand pharmaceutical and production business as that. Etoro Trading Platforms.
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