We get htis a lot on our site the answer to Etoro Lessons….Questions that i hear from brand-new investors what if you’re brand new to investing you simply do not want to decide what you really wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can happen the first of all you can work with a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are developed 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 advanced you can do cfds which obviously cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re learning about please do study the platform don’t just assume because i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that alternative too so you really get used to the structure of the website 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 risk this is investing we’re doing you’re purchasing real business if you pick to in this specific video we’re discussing how to copy other individuals’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 because that individual has actually said they have actually made revenue 14 months in a row purchase these choices due to the fact that you think is the right ones for you which 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 element that is probably.
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famous for it’s the alternative to see what other traders are doing incredible we don’t generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can actually say i want to do precisely what that trader is doing or match that precise portfolio of choices and basically every time they make a trade they buy they offer whatever they do your money will be mimicked with it so that means if for instance 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 charges included really vital you understand what are the expenses of this now with any platform there will be some expense 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 some of the absolutely no cost websites then might not charge you for really buying and selling etfs or funds private products private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees 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 in fact begin purchasing copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s start with charges truly crucial to understand these now on there’s a couple of costs there isn’t charges to do with really buying and selling all right so commission charges are complimentary however there are a number of other charges the very first one is withdrawal fees so you can certainly put cash in now if you’re 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 later however when you want to withdraw your money 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 understanding that i’m going to ensure that i’m just withdrawing when i definitely require to now you may state alright 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 someplace and withdrawal charges are just one of those choices that they have a great deal of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every 6 months you understand depends completely how you’re investing but that is a charge to bear in mind the second charge that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading 2 and two free trade anyone at all this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you kind of need to accept you know if you want to use their platform go from uk to us then that conversion cost exists what are they actually 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 instead you need to pay their fees now the excellent thing about however when you’ve transformed your cash you do not have to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the preliminary 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 fees so that’s actually excellent using that part of their website will not definitely restrict you in any way nevertheless we need to understand two other fees the very first being what’s called spread charges okay and i’m going to show you what i mean on now a spread charge as i’m going to reveal you
on is generally the distinction that is part of the financial investment platform between the buy rate and the sale price fine 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 worth 599 per share in tesla that really indicates that when you want to purchase or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing cost of tesla is the worth of a share what’s called spread charges 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 profit from you each time you do a purchaser’s share so keep that in mind certainly it’s more pricey to buy than it is to offer so they’re going to provide you less back with your sale and you state all right 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 want to sell it which is how they make a little bit of money on those spread costs it’s usually exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit cash now the last feat is called an
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over night charge now this is actually important if you’re really using cfds yourself also an over night cost is when you’re refraining from doing that buy offer transaction in the same day okay there’s then an overnight fee charged or perhaps if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which implies you’re in fact purchasing the specific possession instead of utilizing leverage anyway you won’t get hit with these costs but these costs are if you’re using leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you enter into the assistance area this isn’t the overnight costs info you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that only applies as i said to cfds there are some surcharges of course depending upon what you are investing in also this is on your own so keep that in mind but complete charges are totally within their help details fine 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 regular product stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two different ways of really using these copy works they do not have any extra charges on top of the typical charges that
are there now what you require to remember though is these potentially managed by other people completely or in some cases have created portfolios you’ve got a genuine individual doing the management you need to make sure you choose the person that’s right for you just like any kind of work this is your financial possessions so we absolutely need to make certain it’s the best individual for us before we copy them so the first things i would call it if you do want to use this function we’ve got a number of different alternatives 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 ways 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 need to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash maybe this is a terrific option for you again to evaluate the theories okay you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe play with it clearly you might have missed out on gains and losses throughout that time of course if you had invested your real cash it allows you to develop self-confidence understand the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really 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 understand what your danger profile is now what do i suggest by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk simply means am i fine with potentially losing an excellent amount of this investment or acquiring as
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well now remember everything is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 people will lose cash however that similarly implies 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 individuals to really make money but in this situation ensure you research study your threat level would you be fine providing your cash to another person which is efficiently 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 someone who’s completely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong commodities
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like gold or even oil plus more traditional etfs and index funds you may 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 in fact use this too really quickly over here you can copy individuals now it will provide you a lot of options and you can use the system to in fact look for somebody that you fancy in fact following so let’s see possibly we desire someone from joined kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can discover everybody who has actually met that requirements and it does provide you a risk aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have quite high returns
bear in mind it’s like 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 4 or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to validate are you okay with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she really buying so let’s enter 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 absolutely like sort of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is great so in fact for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the kind of main food business and you have actually got you know pharmaceutical and production business as that. Etoro Lessons.
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