We get this a lot on our site and the answer to Etoro Premium Account….Questions that i hear from brand-new investors what if you’re brand new to investing you merely don’t wish to decide what you actually wish to invest and you want somebody to do it for you there’s only a couple of ways that that can take place the firstly you can employ an investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific funds are developed once 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 as well now if you’re brand new to a total please keep in mind this platform is rather sophisticated you can do cfds which obviously cfds are ways of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform do not just presume because i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that choice also so you actually get utilized to the structure of the site 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 purchasing genuine business if you choose to in this particular video we’re discussing how to copy other people’s financial investments with your cash so certainly your capital is at threat and we have to bear that in mind do not simply do something since that individual has said they have actually made earnings 14 months in a row purchase these choices since you believe is the ideal ones for you which being said 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 becomes part of social trading which is one element that is most likely.
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famous for it’s the option to see what other traders are doing amazing we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of options and basically whenever they make a trade they buy they sell whatever they do your cash will be mimicked with it so that implies 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 likewise cover is the fees included truly crucial you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are genuine 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 absolutely no charge sites then might not charge you for actually buying and selling funds or etfs individual commodities specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know prior to you really start purchasing copy trading or copy portfolios and lastly 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 kick off with costs truly essential to understand these now on there’s a number of fees there isn’t fees to do with really buying and selling okay so commission costs are complimentary however there are a number of other charges the first one is withdrawal charges so you can clearly put money 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 in the future however when you wish to withdraw your money so you sell your shares you offer your products whatever you’re offering the minimum quantity 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 only withdrawing when i definitely need to now you may state fine that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are simply one of those choices that they have a lot of platforms certainly 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 as soon as every six months you understand depends entirely how you’re investing however that is a fee to remember the second charge that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not a choice to buy in euros or uk and that’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re utilizing trading 2 and two open market anyone at all this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you sort of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge is there what are they in fact giving 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 excellent thing about though when you have actually transformed your money you do not need to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the initial day that you buy 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 really excellent using that part of their site won’t certainly restrict you in any way however we need to know two other fees the first being what’s called spread fees fine and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is essentially the distinction that becomes part of the financial investment platform between the buy cost 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 today tesla’s dollar worth 599 per share in tesla that actually means that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present rate of tesla is the worth of a share what’s called spread costs 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 percentage of make money from you whenever you do a purchaser’s share so keep that in mind obviously it’s more expensive to purchase than it is to sell so they’re going to give you less back with your sale and you say fine well why does that happen it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a bit of money on those spread costs it’s typically exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a little bit cash now the last accomplishment is called an
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overnight fee now this is truly crucial if you’re really using cfds yourself also an overnight charge is when you’re not doing that buy offer deal in the very same day okay there’s then an overnight cost charged and even if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which implies you’re actually buying the precise property rather than utilizing leverage anyhow you won’t get hit with these costs but these fees are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you go into the help area this isn’t the overnight charges information you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which only applies as i said to cfds there are some surcharges naturally depending upon what you are investing in also this is on your own so keep that in mind but full costs are entirely within their help information okay and we talked about along with totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of really using these copy works they don’t have any additional costs on top of the regular charges that
exist now what you require to keep in mind though is these possibly managed by other individuals totally or often have developed portfolios you have actually got a real individual doing the management you need to make sure you select the individual that’s right for you much like any type of work this is your financial assets so we definitely require to make certain it’s the best 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 couple of various choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual means 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 need to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money maybe this is an excellent alternative for you once again to test the theories okay you might want to purchase tesla or apple or this etf why not use the virtual alternative as a way to type of safe have fun with it undoubtedly you might have lost out on gains and losses throughout that time of course if you had actually invested your genuine cash it permits you to build confidence comprehend 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 people and copy portfolios now here’s something to bear in mind prior to you choose 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 state the longer you’re leaving your investments the riskier you can be risk simply suggests am i okay with possibly losing a great amount of this investment or acquiring as
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well now keep in mind everything is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose money but that equally implies they’ll lose eventually in their journey clearly people do earn money also and i’ve got videos all about how you can make sure you are among the people to actually generate income however in this situation ensure you research study your danger level would you be okay providing your money to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re buying fully if you’re somebody who isn’t wanting to be that dangerous don’t select somebody who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation 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 same with who you’re following now as i say you can actually use this too actually easily over here you can copy people now it will give you a lot of choices and you can utilize the system to in fact look for somebody that you fancy in fact following so let’s see possibly we want someone from united kingdom um who buys let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has fulfilled that requirements and it does give you a risk factor 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 quite high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not suggest somebody 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 basic as clicking the copy button and off you go and then you understand ask you to validate are you alright with this and off you go now another method to really deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she really purchasing 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 good to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got some of mine really that i buy too which is good so actually for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the sort of primary food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Premium Account.
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