We get htis a lot on our site the answer to Is Etoro Good….Questions that i speak with 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 desire someone to do it for you there’s only a number of ways that that can take place the to start with you can hire an investment portfolio manager they’ll typically charge a rather a high premium to do that maybe one or two percent of your revenues will go to them the other thing is obviously you can buy mutual funds specific funds are created 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 a total please remember this platform is quite advanced you can do cfds which naturally cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just presume due to the fact that i utilize it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they give that choice also so you actually get utilized to the structure of the website 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 threat this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re talking about how to copy other individuals’s financial investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not just do something because that individual has said they’ve made profit 14 months in a row invest in these options due to the fact that you think is the ideal ones for you which being stated let’s dive directly in [Music] so the important 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 element that is probably.
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famous for it’s the option to see what other traders are doing unbelievable we do not generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can in fact say i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and essentially every time they make a trade they buy they offer whatever they do your money will be simulated with it so that implies 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 likewise cover is the costs included truly crucial you understand what are the expenses of this now with any platform there will be some cost to clearly these are genuine 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 sites then may not charge you for really buying and selling etfs or funds private commodities specific 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 type 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 before you in fact begin investing in copy trading or copy portfolios and finally some best guidance finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with fees actually important to understand these now on there’s a number of costs there isn’t costs to do with actually buying and selling all right so commission charges are totally free however there are a number of other fees the very first one is withdrawal charges so you can clearly 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 later but when you wish to withdraw your cash so you sell your shares you offer your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you might state okay that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are just one of those alternatives that they have a lot of platforms obviously are complimentary 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 once every six months you know depends completely how you’re investing but that is a cost to keep in mind the second cost that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not an option to buy in euros or uk and that’s fine that suits me.
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a lot 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 using trading 2 and two open market anybody this is basic they have i expect stuck to whatever charge 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 exists what are they really giving you in terms of 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 state offer me us dollars rather you need to pay their charges now the fantastic thing about however when you have actually converted your cash you do not have to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that means the preliminary 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 really great utilizing that part of their website will not certainly restrict you in any way however we have to be aware of two other fees the first being what’s called spread fees all right and i’m going to reveal you what i imply on now a spread cost as i’m going to show you
on is essentially the distinction that is part of the financial investment platform between the buy rate and the list price okay 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 worth 599 per share in tesla that really suggests that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that once again so the present cost of tesla is the value of a share what’s called spread costs is the difference then in fact to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of make money from you whenever 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 offer you less back with your sale and you say okay well why does that occur it just 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 which is how they make a bit of money on those spread fees it’s typically extremely small it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a bit cash now the last task is called an
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overnight charge now this is actually important if you’re in fact utilizing cfds yourself as well an over night charge is when you’re not doing that buy sell transaction in the very same day fine there’s then an overnight charge charged or even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which means you’re in fact purchasing the exact property instead of utilizing take advantage of anyhow you won’t get hit with these fees but these costs are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you enter into the aid area this isn’t the over night fees information you can see exactly the breakdown and it’ll tell 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 only uses as i said to cfds there are some service charges of course depending upon what you are investing in as well this is on your own so keep that in mind but complete charges are entirely within their assistance info alright and we spoke about along with complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of in fact using these copy functions they don’t have any additional costs on top of the normal fees that
are there now what you need to keep in mind though is these possibly managed by other people completely or sometimes have developed portfolios you’ve got a real person doing the management you have to make sure you choose the person that’s right for you much like any line of work this is your financial assets so we absolutely require to ensure it’s the ideal individual 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 number of various alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual means i think 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 charge card details or anything you can essentially have this virtual portfolio imitate as if you are using your own money but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine money possibly this is a great choice for you again to test the theories alright you might want to buy tesla or apple or this etf why not use the virtual option as a method to type of safe have fun with it certainly you might have lost out on gains and losses during that time naturally if you had invested your genuine money it enables you to build self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return 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 bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i mean by that clearly 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 simply suggests am i alright with potentially losing a good quantity of this investment or getting as
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well now remember 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 but that equally means they’ll lose eventually in their journey clearly people do generate income as well and i have actually got videos all about how you can make sure you’re one of the people to actually generate income but in this circumstance make sure you research study your danger level would you be alright offering your cash to somebody else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re someone who isn’t wishing to be that dangerous don’t select somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely want a foundation of strong products
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like gold and even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really utilize this too truly easily over here you can copy people now it will offer you a lot of choices and you can utilize the system to really look for somebody that you expensive really following so let’s see possibly we desire somebody from joined kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everybody who has actually met that criteria and it does provide you a risk aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have rather high returns
remember it’s like anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to confirm are you alright with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she really investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine really that i buy too which is good so really for me knowing what i like to purchase 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 little bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production companies as that. Is Etoro Good.
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