We get htis a lot on our site the answer to Etoro Virtual Account….Questions that i hear from brand-new investors what if you’re brand new to investing you simply do not wish to decide what you in fact wish to invest and you want somebody to do it for you there’s only a couple of manner ins which that can happen the to start with you can employ an investment portfolio manager they’ll normally charge a quite a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are produced 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 a total please bear in mind this platform is rather advanced you can do cfds which naturally cfds are ways 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 just presume due to the fact that i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they consider that option too so you actually get used 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 naturally your capital is at danger this is investing we’re doing you’re investing in genuine companies if you choose to in this particular video we’re discussing how to copy other people’s investments with your cash so obviously your capital is at danger and we need to bear that in mind do not just do something since that person has actually stated they have actually made revenue 14 months in a row purchase these choices because you believe is the ideal 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’s part of social trading which is one aspect that is probably.
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well-known for it’s the option to see what other traders are doing unbelievable we do not 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 money we can in fact state i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially every time they make a trade they buy they sell whatever they do your cash will be imitated with it so that suggests if for example 10 of their financial 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 involved truly crucial you understand what are the costs of this now with any platform there will be some expense to certainly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no charge websites then might not charge you for in fact buying and selling funds or etfs individual commodities private stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering 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 fees with in particular in this video the next would be things to know before you really start buying copy trading or copy portfolios and lastly some finest advice best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s begin with fees really important to understand these now on there’s a number of charges there isn’t fees to do with in fact buying and selling okay so commission costs are free nevertheless there are a number of other fees the first one is withdrawal fees so you can obviously put cash in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your cash so you sell your shares you sell your commodities whatever you’re selling the minimum quantity 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 make certain that i’m only withdrawing when i definitely need to now you may say all right 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 charges are simply one of those alternatives that they have a lot of platforms undoubtedly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every 6 months you know depends entirely how you’re investing however that is a charge to keep in mind the 2nd charge that i have actually discussed is that conversion fee 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 and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading two and two free trade anybody this is basic they have i expect stuck with whatever fee they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion cost is there what are they really providing 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 give me us dollars instead you need to pay their costs now the great aspect of however when you’ve converted your money you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the initial day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s actually excellent using that part of their website will not certainly limit you in any way nevertheless we need to know 2 other fees the first being what’s called spread costs alright and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is basically the difference that becomes part of the investment platform between the buy cost and the list price all right 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 worth 599 per share in tesla that in fact suggests that when you wish to sell or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing cost of tesla is the value of a share what’s called spread costs is the difference then really to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you say alright well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread out costs it’s typically incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a little bit money now the last feat is called an
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over night cost now this is really important if you’re in fact using cfds yourself as well an overnight cost is when you’re not doing that buy offer deal in the very same day fine there’s then an over night charge 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 actually buying out the etf the stock the product and utilizing time one utilize which suggests you’re in fact buying the precise property rather than utilizing utilize anyway you will not get hit with these charges but these charges are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s state if you enter into the aid area this isn’t the overnight charges info 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 over night or you’re doing over weekends and that just uses as i said to cfds there are some additional charges naturally depending on what you are buying as well this is on your own so keep that in mind however complete fees are totally within their assistance information fine and we talked about along with complimentary to deposit in however 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 have actually stated copy trading and copy portfolios are 2 different ways of actually utilizing these copy works they don’t have any extra costs on top of the typical charges that
are there now what you require to keep in mind though is these possibly handled by other individuals completely or often have developed portfolios you’ve got a genuine person doing the management you need to make sure you choose the person that’s right for you much like any type of work this is your monetary properties so we definitely need to make sure it’s the right person for us before we copy them so the first things i would call it if you do want to use this function we have actually got a number of different choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your charge card details or anything you can essentially have this virtual portfolio mimic as if you are using your own money however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash possibly this is a terrific alternative for you once again to check the theories okay you may wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe play with it undoubtedly you might have missed out on gains and losses during that time obviously if you had invested your genuine money it enables you to build confidence understand 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 actually how to copy individuals and copy portfolios now here’s something to remember prior to you select someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend 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 investments the riskier you can be run the risk of simply means am i okay with possibly losing an excellent 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 cash that’s why they make the figure 75 people will lose cash but that similarly means they’ll lose at some point in their journey obviously individuals do earn money as well and i have actually got videos all about how you can ensure you are among individuals to in fact make money but in this scenario make sure 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 make certain you comprehend what they’re investing in fully if you’re somebody who isn’t wishing to be that risky don’t choose somebody who’s totally into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may 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 in fact utilize this too actually quickly over here you can copy individuals now it will provide you a lot of choices and you can use the system to actually search for somebody that you elegant in fact following so let’s see possibly we desire someone from united kingdom um who invests in let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a great amount and i can discover everyone who has actually fulfilled that criteria and it does give you a risk element also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of people that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to confirm are you okay with this and off you go now another method 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 in fact buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is great so in fact for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s also got a little bit more um of the sort of primary food business and you’ve got you know pharmaceutical and production companies as that. Etoro Virtual Account.
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