We get htis a lot on our site the answer to How To Pass Etoro Test….Concerns that i speak with brand-new investors what if you’re brand new to investing you just don’t wish to choose what you actually wish to invest and you want someone to do it for you there’s only a number of ways that that can happen the first off you can work with an investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is naturally you can buy mutual funds specific funds are produced 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 also now if you’re brand new to an overall please remember this platform is quite sophisticated you can do cfds which obviously cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform do not just assume due to the fact that i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they give that option too so you actually get used to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re purchasing real companies if you pick to in this specific video we’re talking about how to copy other people’s financial investments with your cash so undoubtedly your capital is at risk and we need to bear that in mind do not just do something since that individual has stated they have actually made revenue 14 months in a row purchase these choices because you think is the right ones for you and that being said let’s dive straight 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 most likely.
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well-known for it’s the choice 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 suggests with our cash we can really state i want 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 mimicked with it so that suggests if for instance 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 also cover is the charges involved truly vital you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the no fee websites then may not charge you for really buying and selling funds or etfs individual commodities private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand prior to you actually begin investing in copy trading or copy portfolios and finally some finest guidance finest practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s start with charges truly important to understand these now on there’s a number of costs there isn’t costs to do with in fact buying and selling fine so commission fees are free however there are a number of other charges the first one is withdrawal fees so you can certainly put cash in now if you remain 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 wish to withdraw your money so you offer your shares you sell 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 of course knowing that i’m going to make certain that i’m only withdrawing when i definitely need to now you may say fine that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are just among those alternatives that they have a great deal of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every 6 months you know depends totally how you’re investing but that is a charge to remember the 2nd charge that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow 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 fee now when you use anybody so if you’re utilizing trading two and two open market anybody this is standard they have i expect stuck with whatever fee they charge for that conversion rate you type of have to accept you know if you want to utilize their platform go from uk to us then that conversion cost is there what are they really providing 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 costs now the fantastic aspect of though when you’ve transformed your money you do not need to invest it immediately 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 buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s truly excellent utilizing that part of their website will not certainly restrict you in any way nevertheless we have to understand two other costs the first being what’s called spread charges fine and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you
on is essentially the difference that becomes part of the investment platform in between the buy price and the price alright 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 really implies that when you want to offer or purchase as you can see it’s not the rate you’re seeing up here let me show you that again so the existing cost of tesla is the worth of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll find this all over this is another way that they make a small amount of make money from you each time you do a buyer’s share so keep that in mind certainly it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you say okay well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to sell it which is how they make a bit of money on those spread out charges it’s usually exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit cash now the last feat is called an
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over night cost now this is really important if you’re actually utilizing cfds yourself too an over night charge is when you’re not doing that buy offer deal in the same day alright there’s then an over night cost charged or perhaps if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one leverage which suggests you’re actually buying the exact asset instead of utilizing leverage anyway you will not get hit with these fees however these charges are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s say if you go into the help section this isn’t the overnight charges info you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that just uses as i stated to cfds there are some additional charges naturally depending on what you are investing in also this is on your own so keep that in mind however full fees are totally within their assistance info all right 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 normal 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 operates they do not have any additional costs on top of the normal charges that
exist now what you require to keep in mind though is these potentially managed by other people completely or sometimes have actually developed portfolios you have actually got a real individual doing the management you have to ensure you choose the individual that’s right for you similar to any kind of work this is your monetary possessions so we absolutely need to ensure it’s the ideal person for us prior to 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 options for us firstly 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 methods i believe 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 credit card information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own money however really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real cash possibly this is a great alternative for you again to test the theories fine you might want to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe play with it clearly you might have lost out on gains and losses throughout that time of course if you had invested your real cash it enables you to construct confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my genuine 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 prior to you select someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i mean by that obviously 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 means am i fine with possibly losing a good quantity of this financial investment or getting as
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well now keep in mind everything is downs and ups you will generate income you’ll lose money that’s why they make the fact 75 people will lose money however that similarly indicates they’ll lose at some time in their journey certainly individuals do earn money too and i’ve got videos everything about how you can ensure you are among individuals to in fact generate income however in this circumstance make sure you research your risk level would you be all right giving your money to someone else which is effectively what you’re doing and trusting them make certain you comprehend what they’re investing in completely if you’re somebody who isn’t wishing to be that risky don’t select someone who’s entirely into crypto or currency conversion consider it you ‘d probably desire a foundation of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you might 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 easily over here you can copy people now it will offer you a great deal of choices and you can utilize the system to actually search for somebody that you expensive really following so let’s see perhaps we want somebody from unified kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has actually met that criteria and it does offer you a risk aspect too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of individuals that have rather high returns
bear in mind it resembles 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 other way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to confirm are you all right with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she actually 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 know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is great so really for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s also got a bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production companies as that. How To Pass Etoro Test.
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