On this post you’ll find the answer to How To Talk To Etoro….Questions that i speak with new investors what if you’re brand new to investing you simply don’t wish to choose what you really wish to invest and you want somebody to do it for you there’s just a couple of ways that that can take place the firstly you can hire an investment portfolio manager they’ll usually charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is of course you can purchase mutual funds specific 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 a total please keep in mind this platform is rather advanced you can do cfds which naturally cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just assume due to the fact that i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that alternative as well so you actually get used to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re purchasing genuine companies if you pick to in this specific video we’re talking about how to copy other people’s investments with your cash so clearly your capital is at threat and we have to bear that in mind do not just do something since that person has said they have actually made earnings 14 months in a row invest in these options due to the fact that you believe is the right ones for you and that being stated let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is most likely.
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popular for it’s the option to see what other traders are doing amazing we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can actually say i wish to do exactly what that trader is doing or match that precise portfolio of choices and essentially every time they make a trade they purchase they offer whatever they do your money will be simulated with it so that means if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the charges involved truly critical you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no charge sites then might not charge you for really buying and selling funds or etfs individual commodities private stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs 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 know before you actually start buying copy trading or copy portfolios and finally some best guidance best practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s begin with fees really important to comprehend these now on there’s a number of fees there isn’t charges to do with actually buying and selling fine so commission fees are complimentary nevertheless there are a number of other fees the first one is withdrawal fees so you can obviously 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 on however when you want to withdraw your cash so you sell 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 understanding that i’m going to make sure that i’m only withdrawing when i absolutely require to now you may state alright that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are just one of those alternatives that they have a lot of platforms certainly are free 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 entirely how you’re investing but that is a charge to keep in mind the second charge that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an option to buy in euros or uk which’s fine that suits me.
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a great deal 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 fee now when you use anybody so if you’re utilizing trading two and 2 free trade anyone at all this is standard they have i suppose stuck to whatever cost they charge for that conversion rate you kind of have to accept you understand if you want to utilize their platform go from uk to us then that conversion cost exists what are they in fact giving 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 say provide me us dollars rather you need to pay their fees now the excellent thing about though when you have actually converted 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 indicates 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 actually excellent utilizing that part of their website won’t certainly limit you in any way nevertheless we have to know 2 other fees the very first being what’s called spread charges fine and i’m going to show you what i mean on now a spread fee as i’m going to reveal you
on is essentially the difference that belongs to the investment platform between the buy price and the sale price okay 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 value 599 per share in tesla that really implies that when you wish to purchase or sell as you can see it’s not the price you’re seeing up here let me reveal you that again so the current price of tesla is the value of a share what’s called spread costs is the difference then actually to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you each time you do a buyer’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 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 difference between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread out 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 firm will once again make a little bit cash now the last task is called an
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over night charge now this is really essential if you’re actually utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy offer transaction 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 cost now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re in fact purchasing the precise property instead of using utilize anyhow you will not get hit with these charges however these charges are if you’re utilizing take advantage of and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you enter into the help section this isn’t the overnight charges details you can see exactly the breakdown and it’ll inform 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 uses as i said to cfds there are some service charges naturally depending on what you are buying as well this is on your own so keep that in mind but complete charges are completely within their aid information alright and we discussed along with complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two different ways of actually utilizing these copy operates they do not have any additional costs on top of the typical costs that
exist now what you require to bear in mind though is these possibly managed by other people totally or sometimes have actually developed portfolios you’ve got a real person doing the management you have to ensure you choose the person that’s right for you similar to any type of work this is your monetary possessions so we absolutely require to ensure it’s the right individual for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a number of different options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your charge card information or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however really buy 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 terrific option for you once again to evaluate the theories okay you might want to buy tesla or apple or this etf why not use the virtual option as a method to type of safe play with it certainly you might have lost out on gains and losses during that time of course if you had invested your real money it allows you to build self-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 in fact how to copy individuals and copy portfolios now here’s something to remember prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i mean by that obviously 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 implies am i all right with potentially losing a good quantity of this investment or acquiring as
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well now keep in mind whatever is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 people will lose money however that similarly indicates they’ll lose at some point in their journey undoubtedly individuals do earn money too and i’ve got videos everything about how you can make certain you’re one of the people to in fact earn money but in this scenario make certain you research your threat level would you be okay providing your cash to another person which is successfully what you’re doing and trusting them make sure you comprehend what they’re investing in fully if you’re somebody who isn’t wishing to be that risky do not pick somebody who’s totally into crypto or currency conversion think of it you ‘d most likely want a foundation of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually utilize this too actually quickly over here you can copy people now it will offer you a lot of options and you can use the system to actually search for someone that you elegant actually following so let’s see possibly we desire someone from united kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has actually met that requirements and it does offer you a danger factor also 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 quite high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not indicate someone will make 56 for you for the next 12 months they could make 4 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 understand ask you to validate are you okay with this and off you go now another method to actually 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 purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is good so really for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s likewise got a little bit more um of the sort of primary food business and you’ve got you know pharmaceutical and production companies as that. How To Talk To Etoro.
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