Simon Etoro – FAQ

On this post you’ll find the answer to Simon Etoro….Concerns that i speak with brand-new financiers what if you’re brand new to investing you merely don’t want to choose what you in fact want to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can take place the firstly you can employ a financial investment portfolio manager they’ll usually charge a quite a high premium to do that possibly a couple of percent of your profits will go to them the other thing is naturally you can buy 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 too now if you’re brand new to a total please keep in mind this platform is quite innovative 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 about please do study the platform do not simply assume since i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they give that alternative too so you in fact get utilized to the structure of the website and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in genuine companies if you select to in this particular video we’re discussing how to copy other individuals’s investments with your money so undoubtedly your capital is at risk and we have to bear that in mind do not simply do something since that person has said they’ve made earnings 14 months in a row invest in these choices because you think is the ideal ones for you which 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 aspect that is most likely.

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popular for it’s the alternative to see what other traders are doing extraordinary we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can actually say i want to do precisely what that trader is doing or match that precise portfolio of choices and essentially whenever they make a trade they buy they sell whatever they do your cash will be mimicked with it so that implies 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 likewise cover is the fees involved truly crucial you comprehend what are the expenses of this now with any platform there will be some cost to clearly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no cost websites then might not charge you for really buying and selling funds or etfs specific products private stocks.

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there’ll be costs on other parts possibly 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 costs with in particular in this video the next would be things to know prior to you really begin purchasing copy trading or copy portfolios and lastly some finest advice best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s kick off with fees truly important to comprehend these now on there’s a couple of fees there isn’t fees to do with actually buying and selling all right so commission costs are totally free however there are a couple of other fees the very first one is withdrawal charges so you can undoubtedly put cash in now if you remain in the uk we put our uk cash.

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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your cash so you offer your shares you offer 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 obviously knowing that i’m going to make sure that i’m just withdrawing when i definitely need to now you may say fine that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are just one of those options 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 largely it can be maybe even once a year when every six months you understand depends totally how you’re investing but that is a charge to remember the 2nd charge that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not a choice to buy in euros or uk and that’s fine that suits 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 good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading two and two open market anybody this is basic they have i suppose stuck with whatever charge they charge for that conversion rate you type of have to accept you understand if you want to use their platform go from uk to us then that conversion cost exists 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 give me us dollars instead you have to pay their costs now the terrific thing about however when you have actually converted your cash you do not have to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that means 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 costs so that’s really great utilizing that part of their site will not certainly restrict you in any way however we have to understand two other fees the very first being what’s called spread costs alright and i’m going to reveal you what i mean on now a spread cost as i’m going to reveal you

on is essentially the distinction that belongs to the investment platform in between the buy rate and the sale price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that really means that when you wish to sell or buy as you can see it’s not the rate you’re seeing up here let me show you that once again so the present cost of tesla is the worth of a share what’s called spread charges is the difference then really 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 whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to sell so they’re going to give you less back with your sale and you state fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to offer it which is how they make a little bit of money on those spread out costs it’s usually extremely small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a little bit money now the last task is called an

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over night charge now this is really important if you’re actually using cfds yourself also an over night fee is when you’re refraining from doing that buy sell transaction in the exact same day fine there’s then an overnight cost charged and even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which means you’re actually buying the specific possession instead of utilizing leverage anyhow you won’t get hit with these fees but these charges are if you’re using utilize 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 area this isn’t the over night fees information you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that only uses as i stated to cfds there are some surcharges naturally depending on what you are buying too this is on your own so keep that in mind but complete charges are totally within their assistance details alright and we discussed along with free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different ways of really utilizing these copy works they do not have any extra fees on top of the typical costs that

exist now what you need to keep in mind though is these potentially handled by other people entirely or in some cases have produced portfolios you’ve got a real person doing the management you need to ensure you choose the person that’s right for you just like any type of work this is your monetary possessions so we definitely require to make certain it’s the ideal person for us prior to 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 different alternatives for us to start with 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 ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your credit card details or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money but in fact purchase pretend buy copy people whatever you like if you’re not

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feeling comfy with utilizing your real cash perhaps this is a fantastic option for you again to evaluate the theories alright you might want 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 undoubtedly you may have lost out on gains and losses throughout that time naturally if you had actually invested your real cash it allows you to develop self-confidence understand the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to remember before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i mean by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk just indicates am i fine with potentially losing a good amount of this investment or acquiring as

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well now keep in mind whatever is ups and downs you will generate income you’ll lose money that’s why they make the fact 75 people will lose cash but that equally implies they’ll lose eventually in their journey obviously people do earn money also and i’ve got videos all about how you can make certain you are among the people to really earn money but in this scenario make certain you research study your danger level would you be fine giving your money to somebody else which is successfully what you’re doing and trusting them make certain you understand what they’re buying totally if you’re someone who isn’t wanting to be that risky do not choose someone who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products

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like gold and even oil plus more standard 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 in fact utilize this too truly easily over here you can copy people now it will provide you a great deal of choices and you can use the system to actually search for someone that you fancy actually following so let’s see perhaps we desire somebody from joined kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a great quantity and i can discover everybody who has satisfied that criteria and it does offer you a threat factor as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of individuals 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 indicate someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance 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 verify are you fine with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she actually investing in 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 good to understand ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is excellent so actually for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the type of main food business and you have actually got you know pharmaceutical and production business as that. Simon Etoro.

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