We get htis a lot on our site the answer to Etoro Senior Account Manager….Questions that i speak with new financiers what if you’re brand new to investing you simply do not want to decide what you in fact wish 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 first off you can hire a financial investment portfolio manager they’ll generally 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 naturally you can buy mutual funds particular funds are created 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 bear in mind this platform is rather innovative 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 discovering please do study the platform do not just presume because i utilize 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 alternative as well so you in fact get utilized to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying genuine business if you pick to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so certainly your capital is at danger and we have to bear that in mind do not just do something because that person has stated they’ve made earnings 14 months in a row buy these options due to the fact that you believe is the ideal ones for you which being stated 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 probably.
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famous for it’s the choice to see what other traders are doing amazing we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can actually say i want to do exactly what that trader is doing or match that specific portfolio of choices and essentially each time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that indicates if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees included actually crucial you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero fee sites then might not charge you for actually buying and selling funds or etfs private products private stocks.
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there’ll be costs on other parts perhaps 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 reveal you the charges with in particular in this video the next would be things to know before you actually start investing in copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with fees really crucial to comprehend these now on there’s a couple of charges there isn’t fees to do with really buying and selling all right so commission costs are totally free however there are a couple of other costs the first one is withdrawal fees 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 later on but when you wish to withdraw your cash so you offer your shares you offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally understanding that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might state fine 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 fees are just one of those options that they have a lot of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every 6 months you know depends entirely how you’re investing however that is a cost to bear in mind the second fee that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading two and two open market anyone at all this is basic they have i expect stuck with whatever charge they charge for that conversion rate you sort of need 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 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 offer me us dollars instead you need to pay their charges now the great aspect of though when you’ve converted your cash you do not have to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s really excellent utilizing that part of their website will not definitely limit you in any way nevertheless we have to understand 2 other costs the first being what’s called spread costs okay and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is generally the distinction that becomes part of the investment platform between the buy cost and the 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 value 599 per share in tesla that actually means that when you want to sell or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing cost 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 all over this is another manner in which they make a small amount of profit from you whenever you do a buyer’s share so keep that in mind certainly it’s more pricey to buy than it is to offer so they’re going to offer you less back with your sale and you state 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 wish to sell it which is how they make a bit of cash on those spread costs it’s usually incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit money now the last task is called an
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over night cost now this is truly essential if you’re really utilizing cfds yourself too an over night fee is when you’re refraining from doing that buy sell transaction in the same day okay there’s then an overnight cost 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 in fact buying out the etf the stock the product and utilizing time one leverage which means you’re actually buying the exact asset instead of utilizing utilize anyhow you will not get hit with these costs but these fees are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the same day so let’s say if you enter into the aid section this isn’t the over night charges 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 uses as i said to cfds there are some added fees obviously depending on what you are purchasing as well this is on your own so keep that in mind however full costs are entirely within their help information fine and we talked about as well as complimentary to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of actually using these copy functions they do not have any additional fees on top of the typical fees that
exist now what you require to bear in mind though is these possibly managed by other people totally or in some cases have actually produced portfolios you’ve got a genuine individual doing the management you have to make sure you choose the person that’s right for you just like any type of work this is your monetary properties so we absolutely need to make sure it’s the best person for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of different alternatives for us first off if you’re brand new to investing i wish 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 play with and it’s not real money that you’re investing you won’t need to put in your charge card information or anything you can essentially 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 utilizing your real money maybe this is a fantastic choice for you again to test the theories all right you may want to buy tesla or apple or this etf why not use the virtual choice as a method to type of safe play with it clearly you may have missed out on gains and losses throughout that time naturally if you had invested your genuine cash it enables you to develop confidence understand the platform so that’s one alternative 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 remember prior to you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i suggest by that clearly 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 just suggests am i okay with potentially losing an excellent quantity of this financial investment or getting as
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well now remember everything is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose money but that equally implies they’ll lose eventually in their journey certainly individuals do make money as well and i’ve got videos everything about how you can make certain you are among individuals to actually generate income however in this circumstance make sure you research your threat level would you be alright providing your money to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in fully if you’re someone who isn’t wishing to be that risky don’t choose somebody who’s totally into crypto or currency conversion think about it you ‘d probably want a foundation of strong products
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like gold and even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really utilize this too truly quickly over here you can copy individuals now it will offer you a great deal of options and you can utilize the system to really search for somebody that you elegant actually following so let’s see possibly we desire someone from united kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a great quantity and i can discover everybody who has fulfilled that requirements and it does provide you a threat aspect also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have quite high returns
remember it’s like anything to do with the news or predictions 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 other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to validate are you okay with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can in fact 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 little bit so that’s great to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine actually that i invest in too which is excellent so in fact for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the type of primary food business and you’ve got you know pharmaceutical and production companies as that. Etoro Senior Account Manager.
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