We get htis a lot on our site the answer to Does Etoro Trade Cryptocurrency….Concerns that i hear from brand-new investors what if you’re brand new to investing you just don’t want to decide what you actually want to invest and you want someone to do it for you there’s only a number of manner ins which that can take place the first of all you can hire an investment portfolio manager they’ll usually charge a rather a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is obviously you can purchase 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 as well now if you’re brand new to an overall please remember this platform is quite advanced you can do cfds which obviously cfds are methods of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform don’t simply assume because i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they give that choice too so you in fact get used to the structure of the site and after that when you’re ready to utilize 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 purchasing real companies if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your money so clearly your capital is at risk and we need to bear that in mind do not just do something because that person has stated they have actually made revenue 14 months in a row buy these options since you think is the best 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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famous for it’s the option to see what other traders are doing extraordinary we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can really say i wish to do exactly what that trader is doing or match that exact portfolio of options and basically every time they make a trade they purchase they sell whatever they do your money will be imitated with it so that implies if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees included truly critical you understand what are the expenses of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the no charge websites then may not charge you for really buying and selling funds or etfs private products private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know prior to you actually start investing in copy trading or copy portfolios and lastly some finest suggestions best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s kick off with fees really essential to understand these now on there’s a couple of charges there isn’t fees to do with really buying and selling alright so commission fees are complimentary nevertheless there are a couple of other costs the very first one is withdrawal charges 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 however when you want to withdraw your cash so you sell your shares you offer 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 naturally knowing that i’m going to ensure that i’m only withdrawing when i absolutely require to now you might say fine that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are simply one of those choices that they have a great deal of platforms clearly are complimentary 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 once every six months you know depends entirely how you’re investing however that is a fee to remember the second fee that i have actually touched upon is that conversion fee now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’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 buying and even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and two free trade anybody this is basic they have actually i expect stuck with whatever cost they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion cost is there what are they in fact offering 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 thing about however when you have actually transformed your money you do not need to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that suggests the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s really great using that part of their website won’t certainly restrict you in any way however we need to be aware of two other charges the first being what’s called spread charges all right and i’m going to show you what i mean on now a spread cost as i’m going to show you
on is essentially the distinction that belongs to the financial investment platform between the buy price 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 today tesla’s dollar worth 599 per share in tesla that actually implies that when you want to sell or buy as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing rate of tesla is the worth of a share what’s called spread fees is the difference then actually to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of benefit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to offer so they’re going to offer you less back with your sale and you state fine well why does that happen 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 offer it and that is how they make a bit of money on those spread out costs it’s usually extremely little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit money now the last feat is called an
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over night cost now this is actually crucial if you’re actually utilizing cfds yourself as well an over night fee is when you’re not doing that buy offer deal in the same day okay there’s then an over night fee charged or even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which means you’re actually buying the precise property rather than using leverage anyway you will not get hit with these costs but these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you go into the assistance section this isn’t the over night charges details you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only uses as i stated to cfds there are some service charges obviously depending upon what you are investing in too this is on your own so keep that in mind however full fees are entirely within their help information all right and we spoke about along with totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of actually using these copy operates they do not have any extra fees on top of the regular fees that
are there now what you need to bear in mind though is these possibly handled by other people completely or sometimes have actually developed portfolios you have actually got a real individual doing the management you need to make sure you choose the person that’s right for you much like any profession this is your monetary properties so we absolutely need to ensure it’s the right person for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of various options for us firstly 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 means i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your credit card details or anything you can basically have this virtual portfolio mimic 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 comfortable with utilizing your genuine cash perhaps this is a fantastic option for you once again to evaluate the theories fine you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe play with it clearly you may have missed out on gains and losses during that time of course if you had invested your genuine money it allows you to build 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 in fact how to copy individuals and copy portfolios now here’s something to remember prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i indicate by that obviously 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 run the risk of just implies am i alright 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 earn money you’ll lose money that’s why they make the figure 75 individuals will lose money but that similarly implies they’ll lose eventually in their journey clearly people do earn money too and i’ve got videos everything about how you can make sure you’re one of individuals to really earn money however in this situation ensure you research study your threat level would you be all right offering your money to somebody else which is efficiently what you’re doing and trusting them ensure you understand what they’re investing in completely if you’re someone who isn’t wanting to be that risky don’t select someone who’s completely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong commodities
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like gold or even oil plus more standard 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 say you can actually use this too really 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 search for somebody that you expensive really following so let’s see possibly we want someone from unified kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can discover everybody who has met that requirements and it does offer you a threat factor as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have rather high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to validate are you all right with this and off you go now another method to really 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 investing in 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 good to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine really that i invest in too which is great so in fact for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she chooses she’s also got a little bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production companies as that. Does Etoro Trade Cryptocurrency.
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