We get this a lot on our site and the answer to How To Play Stocks With Etoro….Questions 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 want to invest and you want somebody to do it for you there’s only a number of manner ins which that can happen the to start with you can hire a financial investment portfolio supervisor they’ll normally charge a quite a high premium to do that perhaps one or two percent of your profits will go to them the other thing is naturally you can purchase mutual funds particular 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 also now if you’re brand new to an overall please keep in mind this platform is quite innovative 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 learning more about please do study the platform do not just presume due to the fact that i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they consider that choice also so you really get utilized to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re buying genuine companies if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your cash so certainly your capital is at threat and we need to bear that in mind do not just do something since that person has actually said they’ve made revenue 14 months in a row purchase these choices due to the fact that you believe is the best ones for you which being said let’s dive straight 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 belongs to social trading which is one aspect that is probably.
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famous for it’s the alternative to see what other traders are doing unbelievable we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can in fact state i want to do exactly what that trader is doing or match that exact portfolio of options and generally whenever they make a trade they purchase they sell whatever they do your cash will be simulated with it so that indicates if for example 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 fees involved actually crucial you understand what are the expenses of this now with any platform there will be some expense to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no cost sites then may not charge you for really buying and selling funds or etfs specific products specific stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand prior to you really start buying copy trading or copy portfolios and finally some finest suggestions finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s begin with costs actually important to comprehend these now on there’s a number of fees there isn’t costs to do with actually buying and selling fine so commission fees are free however there are a couple of other charges the first one is withdrawal fees so you can obviously 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 on but when you wish to withdraw your money so you sell your shares you sell your commodities 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 just withdrawing when i absolutely need to now you may say okay that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are just among 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 mainly it can be maybe even once a year when every 6 months you know depends entirely how you’re investing but that is a fee to bear in mind the 2nd fee that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not an option to buy in euros or uk and that’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading 2 and 2 free trade anyone at all this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you sort of have to accept you understand 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 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 costs now the terrific thing about however when you’ve converted your cash you do not have to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that means the preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s actually good utilizing that part of their site will not certainly limit you in any way nevertheless we have to be aware of two other costs the very first being what’s called spread costs all right and i’m going to show you what i suggest on now a spread fee as i’m going to reveal you
on is essentially the difference that is part of the financial investment platform 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 website today tesla’s dollar worth 599 per share in tesla that in fact suggests that when you want 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 costs is the difference then in fact to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you whenever you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you say okay well why does that happen it just does that is the nature of a lot 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 cash on those spread charges it’s generally extremely 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 task is called an
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overnight charge now this is truly important if you’re in fact using cfds yourself too an overnight cost is when you’re refraining from doing that buy sell transaction in the very same day fine there’s then an over night charge charged or perhaps if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which indicates you’re actually buying the exact asset instead of utilizing 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 fees if you’re not buy offering in the very same day so let’s state if you go into the aid area this isn’t the overnight charges 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 over night or you’re doing over weekends and that only uses as i stated to cfds there are some added fees obviously depending upon what you are investing in also this is on your own so keep that in mind but complete charges are totally within their aid details all right and we talked about along with complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of in fact utilizing these copy operates they don’t have any extra fees on top of the normal costs that
exist now what you require to remember though is these possibly managed by other individuals completely or sometimes have actually developed portfolios you’ve got a genuine individual doing the management you have to ensure you pick the individual that’s right for you much like any profession this is your monetary properties so we absolutely need to make sure it’s the best 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 choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your credit card information or anything you can basically have this virtual portfolio mimic as if you are using your own cash however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money perhaps this is a terrific alternative for you once again to evaluate the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual option as a way to type of safe play with it undoubtedly you may have lost out on gains and losses throughout that time naturally if you had actually invested your real money it permits you to develop 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 really how to copy people and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i mean by that undoubtedly 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 just suggests am i okay with potentially losing a good quantity of this financial investment or getting as
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well now remember everything is downs and ups you will generate income you’ll lose cash that’s why they make the figure 75 people will lose cash but that equally implies they’ll lose at some point in their journey obviously people do earn money also and i’ve got videos all about how you can make certain you are among individuals to in fact generate income but in this circumstance ensure you research study your danger level would you be all right providing your cash to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re someone who isn’t wanting to be that dangerous do not select someone who’s completely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products
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like gold or even oil plus more traditional etfs and index funds you might 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 provide you a great deal of options and you can utilize the system to actually look for somebody that you expensive in fact following so let’s see maybe we desire somebody from united kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has actually fulfilled that requirements and it does give you a risk element too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly 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 imply someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee 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 alright with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she actually buying 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 good to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is good so in fact for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s also got a bit more um of the type of primary food companies and you’ve got you know pharmaceutical and production companies as that. How To Play Stocks With Etoro.
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