We get this a lot on our site and the answer to Is Etoro Trading Or Investing….Concerns that i hear from brand-new investors what if you’re brand new to investing you just don’t want to choose what you in fact wish to invest and you want someone to do it for you there’s just a number of ways that that can happen the to start with you can work with a financial investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds particular funds are created 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 also now if you’re brand new to a total please bear in mind this platform is rather innovative you can do cfds which of course cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t just assume 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 consider that option too so you in fact get used to the structure of the website and after that when you’re ready to utilize your own money 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 investing in genuine companies if you choose to in this particular video we’re talking about how to copy other individuals’s financial investments with your money so obviously your capital is at risk and we need to bear that in mind do not simply do something because that individual has actually said they have actually made profit 14 months in a row invest in these choices due to the fact that you think is the best ones for you and that being said let’s dive directly in [Music] so the things we’re going to cover in this video is comprehending 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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popular for it’s the option to see what other traders are doing unbelievable we don’t typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our money we can really state i want to do exactly what that trader is doing or match that specific portfolio of options and basically every time they make a trade they buy they sell whatever they do your money will be mimicked with it so that suggests if for example 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 likewise cover is the charges included actually critical you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the absolutely no charge websites then may not charge you for in fact buying and selling funds or etfs specific commodities 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 type of charges 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 know before you actually start investing in copy trading or copy portfolios and lastly some best suggestions finest practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s begin with costs really essential to understand these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling okay so commission fees are complimentary however there are a number of other fees the very first one is withdrawal charges so you can undoubtedly put money in now if you’re in the uk we put our uk cash.
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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 cash so you offer your shares you offer your products whatever you’re selling the minimum amount 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 definitely need to now you may state okay that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are simply among those choices 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 mainly it can be perhaps even once a year as soon as every 6 months you know depends entirely how you’re investing however that is a fee to remember the 2nd fee that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not an option to purchase 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 anyhow or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading 2 and two free trade anybody this is basic they have i expect stuck to whatever charge they charge for that conversion rate you sort 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 in fact offering 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 give me us dollars rather you need to pay their costs now the excellent thing about though when you’ve converted your cash you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s truly good utilizing that part of their website will not definitely limit you in any way however we have to know two other charges the first being what’s called spread fees alright and i’m going to show you what i mean on now a spread fee as i’m going to reveal you
on is generally the difference that belongs to the investment platform between the buy price and the list price all right 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 actually implies that when you want to purchase 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 rate of tesla is the value of a share what’s called spread costs is the difference then actually to purchase that share on the platform and you’ll find this all over this is another manner in which they make a percentage of benefit from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you state okay well why does that occur it simply 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 out charges it’s normally extremely small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a little bit cash now the last feat is called an
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overnight charge now this is really crucial if you’re in fact utilizing cfds yourself as well an over night charge is when you’re not doing that buy offer deal in the same day all right 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 actually buying out the etf the stock the commodity and using time one utilize which suggests you’re in fact buying the precise asset instead of utilizing take advantage of anyway you won’t get hit with these charges however these fees are if you’re using leverage 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 say if you go into the help area this isn’t the overnight costs information you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only applies as i stated to cfds there are some surcharges of course depending on what you are investing in also this is on your own so keep that in mind however complete charges are completely within their aid details okay and we talked about 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 normal commodity stock shares everything there’s that five 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 do not have any additional costs on top of the regular costs that
are there now what you require to bear in mind though is these possibly managed by other people totally or in some cases have actually developed portfolios you have actually got a real individual doing the management you have to ensure you pick the individual that’s right for you similar to any type of work this is your monetary properties so we definitely need to ensure it’s the ideal person for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of various alternatives for us to start with 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 think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are using your own cash but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine money maybe this is a fantastic choice for you again to test the theories alright you may wish to buy tesla or apple or this etf why not use the virtual alternative as a way to type of safe play with it certainly you might have missed out on gains and losses throughout that time of course if you had invested your real cash it enables you to develop self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand 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 means am i okay with potentially losing a great quantity of this financial investment or acquiring as
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well now remember everything is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose cash however that similarly suggests they’ll lose at some time in their journey obviously people do earn money also and i’ve got videos all about how you can ensure you’re one of the people to really earn money however in this situation make sure you research study your risk level would you be all right giving your money to somebody else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re someone who isn’t wanting to be that dangerous do not pick somebody who’s entirely 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 very same with who you’re following now as i say you can in fact use this too really quickly over here you can copy people now it will provide you a lot of choices and you can use the system to in fact look for someone that you expensive actually following so let’s see maybe we want someone from joined kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a great quantity and i can find everybody who has satisfied that criteria and it does provide you a risk aspect too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
keep in mind it’s like 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 could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to validate are you alright 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 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 little bit so that’s good to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is excellent so actually for me knowing what i like to purchase my specific 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 main food business and you’ve got you know pharmaceutical and production business as that. Is Etoro Trading Or Investing.
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