We get htis a lot on our site the answer to Etoro Account Opening Questions….Concerns that i speak with new investors what if you’re brand new to investing you merely 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 ways that that can happen the to start with you can employ an investment portfolio supervisor they’ll usually charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is of course you can purchase mutual funds particular funds are developed once again with an account supervisor in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios also now if you’re brand new to an overall please bear in mind this platform is quite sophisticated you can do cfds which of course cfds are ways of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform do not just assume since i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that choice as well so you actually get used to the structure of the website 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 real business if you select to in this particular video we’re talking about how to copy other individuals’s financial investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not simply do something since that person has said they’ve made earnings 14 months in a row buy these choices since you think is the best ones for you and that being said let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of 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 don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our money we can really state i want to do exactly what that trader is doing or match that specific portfolio of alternatives and generally each time they make a trade they purchase they sell whatever they do your cash 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 involved really critical you understand what are the costs of this now with any platform there will be some cost to clearly 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 no cost sites then may not charge you for actually buying and selling etfs or funds specific commodities private stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing 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 charges with in particular in this video the next would be things to understand prior to you in fact start investing in copy trading or copy portfolios and lastly some finest suggestions best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s begin with fees really crucial to comprehend these now on there’s a number of costs there isn’t charges to do with actually buying and selling alright so commission fees are complimentary however there are a number of other costs the very first one is withdrawal fees 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 instantly 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 commodities 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 only withdrawing when i absolutely need to now you may state alright that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are simply one of those options that they have a great deal of platforms clearly are free 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 when every 6 months you understand depends entirely how you’re investing however that is a fee to remember the second charge that i have actually touched upon is that conversion charge now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and 2 open market anybody this is basic they have i expect stuck to whatever fee they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge is there what are they in fact 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 provide me us dollars rather you have to pay their costs now the excellent feature of though when you have actually transformed your cash you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that indicates the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s actually good utilizing that part of their site won’t definitely limit you in any way nevertheless we need to know two other costs the very first being what’s called spread charges alright and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you
on is essentially 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 want to offer or purchase as you can see it’s not the price you’re seeing up here let me show you that once again so the existing rate of tesla is the value of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you every time you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to provide 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 and that is how they make a little bit of cash on those spread fees it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit money now the last feat is called an
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overnight fee now this is truly crucial if you’re actually utilizing cfds yourself as well an overnight cost is when you’re not doing that buy sell transaction in the same day alright there’s then an overnight cost charged or even if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one utilize which indicates you’re actually purchasing the exact property rather than utilizing leverage anyhow you will not get hit with these charges but these costs are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you enter into the assistance area this isn’t the overnight charges details you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which just applies as i said to cfds there are some surcharges naturally depending on what you are buying also this is on your own so keep that in mind but full costs are completely within their aid info okay and we discussed in addition to 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 said copy trading and copy portfolios are two various ways of in fact using these copy works they do not have any additional fees on top of the typical fees that
are there now what you require to keep in mind though is these possibly managed by other individuals entirely or in some cases have actually created portfolios you have actually got a real person doing the management you need to make certain you choose the person that’s right for you just like any line of work this is your financial assets so we definitely need to make sure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple of different choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your credit card details or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash perhaps this is an excellent choice for you once again to test the theories all right you might want to buy tesla or apple or this etf why not use the virtual alternative as a way to sort of safe play with it undoubtedly you might have missed out on gains and losses during that time naturally if you had invested your genuine cash it enables you to construct self-confidence comprehend 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 people and copy portfolios now here’s something to remember before you pick someone 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 imply 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 risk simply indicates am i fine with potentially losing a great amount of this financial investment or gaining as
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well now keep in mind everything is downs and ups you will make money you’ll lose money that’s why they make the figure 75 individuals will lose cash but that similarly implies they’ll lose at some time in their journey certainly people do generate income also and i’ve got videos everything about how you can make certain you are among individuals to actually make money however in this situation make certain you research your risk level would you be okay providing your money to another person which is successfully what you’re doing and trusting them make sure you understand what they’re buying fully if you’re somebody who isn’t wishing to be that dangerous don’t choose someone who’s completely into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities
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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 really utilize this too truly easily over here you can copy people now it will provide you a great deal of options and you can utilize the system to actually look for someone that you elegant in fact following so let’s see maybe we desire somebody from unified kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds a good amount and i can find everyone who has actually satisfied that criteria and it does offer you a threat aspect also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number 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 imply somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to verify 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 really deep dive into what is she in fact purchasing so let’s enter 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 know ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is good so actually for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s also got a little bit more um of the sort of main food business and you have actually got you know pharmaceutical and production business as that. Etoro Account Opening Questions.
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