We get this a lot on our site and the answer to Etoro Index Trading….Concerns that i speak with brand-new investors what if you’re brand new to investing you just do not want to choose what you in fact want to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can occur the first of all you can hire a financial investment portfolio supervisor they’ll generally charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is obviously you can purchase 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 also now if you’re brand new to a total please remember this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform don’t simply assume because i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they give that choice too so you actually get used to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying real business if you choose to in this specific video we’re discussing how to copy other people’s financial investments with your cash so obviously your capital is at risk and we have to bear that in mind do not just do something since that individual has actually said they have actually made revenue 14 months in a row buy these choices since 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 element that is most likely.
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famous for it’s the alternative to see what other traders are doing extraordinary we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our money we can in fact state i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and basically every time they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that means if for instance 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 also cover is the charges included truly crucial you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no charge websites then may not charge you for really buying and selling funds or etfs specific commodities individual stocks.
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there’ll be fees on other parts perhaps 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 show you the charges with in particular in this video the next would be things to understand before you in fact begin purchasing copy trading or copy portfolios and lastly some best advice best practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s begin with charges really crucial to comprehend these now on there’s a couple of charges there isn’t fees to do with really buying and selling alright so commission fees are totally free however there are a couple of other costs the very first one is withdrawal charges so you can certainly put money in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your money so you offer 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 naturally knowing that i’m going to make sure that i’m only withdrawing when i absolutely need to now you may say alright that’s rather costly 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 just one of those options that they have a lot of platforms obviously are 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 once every six months you understand depends totally how you’re investing however that is a cost to remember the 2nd fee that i’ve discussed is that conversion fee now with you’re dealing in us dollars just there’s not a choice 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 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 charge now when you utilize anyone so if you’re using trading two and two open market anyone at all this is standard they have i expect stuck with whatever cost they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion fee is there what are they actually 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 give me us dollars instead you have to pay their costs now the fantastic aspect of though when you’ve converted your money you do not have to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the preliminary day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s really good using that part of their website will not definitely limit you in any way nevertheless we have to understand 2 other charges the first being what’s called spread fees all right and i’m going to show you what i mean on now a spread cost as i’m going to reveal you
on is basically the difference that is part of the investment platform between the buy rate and the sale price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that really means 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 once again so the present price of tesla is the worth of a share what’s called spread charges is the distinction then in fact to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind certainly it’s more expensive to buy than it is to offer so they’re going to provide you less back with your sale and you state all right well why does that occur it just 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 money on those spread out fees it’s usually incredibly 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 bit money now the last feat is called an
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over night charge now this is truly essential if you’re in fact using cfds yourself too an overnight fee is when you’re not doing that buy sell deal in the exact same day okay there’s then an overnight fee charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one leverage which means you’re really purchasing the specific possession rather than using leverage anyhow you won’t get hit with these costs however these fees are if you’re using utilize and cfds and after that you’re going to have these charges if you’re not buy selling in the very same day so let’s state if you enter into the assistance section this isn’t the overnight costs details 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 which just uses as i said to cfds there are some service charges obviously depending upon what you are investing in too this is on your own so keep that in mind but full charges are completely within their help details okay and we discussed in addition to totally free to deposit in but there’s a 5 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 fee now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of in fact using these copy operates they don’t have any additional charges on top of the typical fees that
are there now what you require to remember though is these potentially managed by other people totally or sometimes have actually produced portfolios you have actually got a genuine person doing the management you need to ensure you pick the individual that’s right for you much like any line of work this is your monetary properties so we definitely need to ensure it’s the ideal individual 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 couple of various alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual ways 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 require to put in your credit card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine cash possibly this is a fantastic option for you once again to check the theories alright you might want to buy tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe play with it obviously you might have missed out on gains and losses throughout that time obviously if you had actually invested your genuine money it allows you to construct confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to remember prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i suggest by that certainly 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 just indicates am i alright with possibly losing a good quantity of this financial investment or getting as
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well now keep in mind whatever is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose cash but that similarly implies 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 make sure you’re one of the people to actually earn money however in this scenario make sure you research your threat level would you be alright giving your cash to someone else which is effectively what you’re doing and trusting them make sure you comprehend what they’re purchasing fully if you’re someone who isn’t wanting to be that dangerous do not select someone who’s entirely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you might 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 actually use this too truly 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 look for somebody that you elegant actually following so let’s see maybe we want someone from unified kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has fulfilled that criteria and it does give you a threat aspect also so it tends to be the greater 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 resembles anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to verify are you fine 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 really deep dive into what is she really purchasing so let’s enter 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 understand ibm paypal yep she’s definitely 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 really for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s also got a little bit more um of the kind of primary food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Index Trading.
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