Find the answer to Well Vs Etoro….Questions that i speak with new investors what if you’re brand new to investing you simply don’t want to choose what you actually want to invest and you want someone to do it for you there’s just a couple of manner ins which that can take place the firstly you can work with a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds particular 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 an overall please remember 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 discovering please do study the platform don’t simply assume due to the fact that i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative also so you in fact get used to the structure of the site and then when you’re ready to use 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 business if you choose to in this specific video we’re speaking about how to copy other individuals’s investments with your cash so obviously your capital is at danger and we need to bear that in mind do not simply do something since that person has stated they have actually made revenue 14 months in a row buy these choices since you think is the best ones for you which being stated let’s dive directly in [Music] so the things we’re going to cover in this video is comprehending 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 choice to see what other traders are doing amazing we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of choices and generally every time they make a trade they buy they offer whatever they do your money will be simulated with it so that means if for example 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 also cover is the charges included really critical you comprehend 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 purchasing the selling for you there’s going to be charges involved and even some of the absolutely no fee sites then might not charge you for actually buying and selling funds or etfs private products individual stocks.
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there’ll be costs 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 reveal you the costs with in particular in this video the next would be things to know prior to you really start investing in copy trading or copy portfolios and lastly some best advice finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s begin with charges really crucial to comprehend these now on there’s a couple of costs there isn’t fees to do with really buying and selling fine so commission fees are complimentary nevertheless there are a couple of other fees the first one is withdrawal charges so you can undoubtedly put money in now if you’re in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future 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 naturally knowing that i’m going to make sure that i’m just withdrawing when i absolutely need 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 need to charge fees someplace and withdrawal costs are simply among those options that they have a great deal of platforms certainly are complimentary 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 as soon as every 6 months you know depends entirely how you’re investing but that is a fee to bear in mind the 2nd charge that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk and that’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading 2 and 2 free trade anyone at all this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you type of have to accept you know if you wish to utilize their platform go from uk to us then that conversion charge 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 state offer me us dollars instead you need to pay their fees now the fantastic thing about though when you have actually converted your cash you do not have to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s actually excellent utilizing that part of their site won’t certainly restrict you in any way nevertheless we have to understand two other fees the very first being what’s called spread fees fine and i’m going to reveal you what i mean on now a spread cost as i’m going to show you
on is generally the difference that becomes part of the investment platform in between the buy cost and the list price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really suggests that when you wish 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 rate of tesla is the value of a share what’s called spread charges is the distinction then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to sell so they’re going to offer you less back with your sale and you state okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to sell it and that is how they make a bit of cash on those spread out fees it’s typically exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit money now the last task is called an
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overnight charge now this is actually essential if you’re really using cfds yourself also an over night fee is when you’re not doing that buy offer deal in the same day all right there’s then an over night cost charged or even if you go from the friday to the monday before 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 using time one utilize which implies you’re really buying the specific asset rather than utilizing leverage anyway you will not get hit with these charges 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 go into the help 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 fees then for when you’re doing over night or you’re doing over weekends which only applies as i stated to cfds there are some additional charges obviously depending on what you are purchasing also this is on your own so keep that in mind however complete costs are entirely within their help info okay and we talked about in addition to totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of in fact utilizing these copy operates 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 individuals completely or sometimes have actually developed portfolios you’ve got a genuine person doing the management you need to ensure you choose the individual that’s right for you similar to any kind of work this is your financial assets so we definitely require to ensure it’s the best individual 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 various options for us to start with if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your credit card details or anything you can basically have this virtual portfolio imitate as if you are using your own money but really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money perhaps this is an excellent choice for you again to evaluate the theories fine you might want to buy tesla or apple or this etf why not use the virtual choice as a way to type of safe play with it obviously you may have lost out on gains and losses during that time naturally if you had invested your genuine cash it enables you to build confidence comprehend the platform so that’s one option 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 select 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 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 implies am i all right with potentially losing a great quantity of this investment or gaining as
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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the fact 75 people will lose cash but that equally indicates they’ll lose at some point in their journey undoubtedly people do make money also and i’ve got videos everything about how you can make certain you are among individuals to really generate income however in this situation make sure you research your risk level would you be okay offering your money to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re someone who isn’t wanting to be that risky do not pick someone who’s totally into crypto or currency conversion consider it you ‘d most likely desire a foundation 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 same with who you’re following now as i state you can really use this too actually quickly over here you can copy individuals now it will offer you a great deal of choices and you can use the system to really look for somebody that you elegant really following so let’s see possibly we want somebody from unified kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can discover everyone who has satisfied that requirements and it does give you a threat element too 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
remember it’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to guarantee 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 confirm are you okay with this and off you go now another method to really deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she really purchasing so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got some of mine really that i buy too which is excellent so really for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s also got a bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production companies as that. Well Vs Etoro.
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