We get htis a lot on our site the answer to Etoro Questionaire Answers….Questions that i speak with brand-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 want somebody to do it for you there’s just a number of manner ins which that can take place the firstly you can employ a financial investment portfolio manager they’ll generally charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is obviously you can buy mutual funds specific funds are developed 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 too now if you’re brand new to an overall please bear in mind this platform is quite sophisticated you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform do not just assume because i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they give that choice also so you really get utilized to the structure of the website and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re buying genuine companies if you choose to in this particular video we’re speaking about how to copy other people’s financial investments with your money so certainly your capital is at risk and we need to bear that in mind do not simply do something since that individual has actually said they’ve made earnings 14 months in a row purchase these options because you believe is the right ones for you which being said let’s dive directly in [Music] The things we’re going to cover in this video is comprehending 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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well-known for it’s the alternative 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 therefore that means with our money we can actually state i wish to do precisely what that trader is doing or match that specific portfolio of choices and basically every time they make a trade they buy they sell whatever they do your cash will be simulated with it so that indicates 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 fees involved actually crucial you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are real 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 cost sites then might not charge you for in fact buying and selling etfs or funds private products specific 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 kinds of fees associated so do your due diligence and i’m going to show you the fees 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 best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s kick off with costs truly essential to comprehend these now on there’s a number of charges there isn’t fees to do with really buying and selling alright so commission costs are free nevertheless there are a couple of other costs the first one is withdrawal fees so you can obviously 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 want to withdraw your cash so you offer your shares you offer your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m just withdrawing when i absolutely require to now you might state fine that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are just among those choices that they have a great deal of platforms certainly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every six months you know depends completely how you’re investing but that is a cost to remember the second fee that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’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 or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading 2 and two free trade anyone at all this is standard they have i expect stuck to whatever fee they charge for that conversion rate you type of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee is there 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 bargain with them you can’t go to the bank and state offer me us dollars instead you have to pay their fees now the great thing about however when you’ve transformed your money 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 means 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 good utilizing that part of their site won’t certainly restrict you in any way however we need to be aware of 2 other costs the very first being what’s called spread costs all right and i’m going to show you what i imply on now a spread cost as i’m going to show you
on is basically the difference that becomes part of the investment platform in between the buy price and the sale price all right it’s their premium on doing both those 2 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 actually indicates that when you wish to sell or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current cost of tesla is the worth of a share what’s called spread costs is the difference then really to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of benefit from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to sell so they’re going to offer you less back with your sale and you say fine well why does that occur it just 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 little bit of money on those spread charges it’s normally 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 bit cash now the last accomplishment is called an
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overnight cost now this is really essential if you’re really using cfds yourself too an over night cost is when you’re not doing that buy offer deal in the very same day okay there’s then an over night cost charged or even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one utilize which suggests you’re in fact buying the exact asset rather than using take advantage of anyway you will not get hit with these costs but these charges are if you’re utilizing leverage and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the aid section this isn’t the overnight charges information you can see precisely 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 and that just uses as i said to cfds there are some added fees obviously depending upon what you are purchasing also this is on your own so keep that in mind however complete fees are totally within their assistance info all right and we discussed along with totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of really using these copy functions they do not have any additional costs on top of the normal fees that
exist now what you require to keep in mind though is these potentially managed by other people entirely or often have actually produced portfolios you have actually got a genuine person doing the management you have to make sure you select the person that’s right for you similar to any profession this is your monetary possessions so we absolutely need to ensure it’s the right individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a couple 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 choice to invest genuine cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own money but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money maybe this is a great choice for you once again to test the theories fine you might wish to purchase tesla or apple or this etf why not utilize the virtual option as a way to type of safe have fun with it certainly you may have lost out on gains and losses during that time naturally if you had invested your genuine cash it enables you to construct self-confidence understand the platform so that’s one option for you then next week and i’m going to go back 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 ensure you understand what your risk profile is now what do i mean 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 run the risk of simply means am i okay with possibly losing a good quantity of this financial investment or getting as
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well now remember whatever is downs and ups you will earn money you’ll lose money that’s why they make the fact 75 individuals will lose money however that similarly means they’ll lose at some point in their journey undoubtedly individuals do make money as well and i have actually got videos all about how you can make certain you’re one of individuals to actually earn money but in this circumstance make certain you research study your threat level would you be fine providing your money to another person which is efficiently what you’re doing and trusting them ensure you comprehend what they’re purchasing completely if you’re someone who isn’t wishing to be that dangerous do not choose somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong commodities
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like gold or even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually utilize this too really quickly over here you can copy individuals now it will give you a great deal of options and you can utilize the system to in fact search for somebody that you expensive actually following so let’s see maybe we desire someone from joined 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 quantity and i can discover everybody who has satisfied that criteria and it does give you a risk element too so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of people that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not mean someone 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 simple as clicking the copy button and off you go and after that you know ask you to validate are you fine with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she actually 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 excellent to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got some of mine in fact that i purchase too which is excellent so in fact for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she prefers she’s also got a bit more um of the kind of main food business and you’ve got you understand pharmaceutical and production business as that. Etoro Questionaire Answers.
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