We get this a lot on our site and the answer to Trading Etoro Docs….Concerns that i hear from brand-new investors what if you’re brand new to investing you just don’t want to decide what you in fact want to invest and you want someone to do it for you there’s just a number of manner ins which that can happen the firstly you can work with a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is of course you can purchase mutual funds particular funds are developed 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 advanced you can do cfds which obviously 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 just assume because 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 too so you in fact get used 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 obviously your capital is at threat this is investing we’re doing you’re purchasing real companies if you pick to in this specific video we’re speaking about how to copy other people’s financial investments with your money so certainly your capital is at danger and we have to bear that in mind do not just do something since that person has actually stated they’ve made revenue 14 months in a row buy these options due to the fact that you believe is the right ones for you which being said let’s dive straight in [Music] The 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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well-known for it’s the option to see what other traders are doing incredible we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can really say i want to do exactly what that trader is doing or match that exact portfolio of choices 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 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 costs involved truly vital you comprehend what are the costs of this now with any platform there will be some expense to certainly these are genuine companies 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 cost sites then may not charge you for really buying and selling funds or etfs private products specific stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know prior to you really start buying copy trading or copy portfolios and lastly some best guidance best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s kick off with charges truly crucial to understand these now on there’s a couple of costs there isn’t fees to do with in fact buying and selling okay so commission costs are totally free nevertheless there are a couple of other fees the 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 immediately converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your money so you sell your shares you sell your products 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 obviously understanding that i’m going to make sure that i’m just withdrawing when i absolutely need to now you may state all right that’s quite 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 fees are just among those choices that they have a great deal of platforms clearly 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 as soon as every 6 months you understand depends entirely how you’re investing however that is a fee to remember the second fee that i’ve discussed is that conversion cost now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading 2 and two open market anyone at all this is standard they have actually i expect stuck with whatever fee they charge for that conversion rate you type of need to accept you understand if you wish to use their platform go from uk to us then that conversion cost exists 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 provide me us dollars instead you have to pay their fees now the terrific aspect of however when you’ve converted your cash you do not have to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s truly great using that part of their site will not definitely restrict you in any way however we have to be aware of 2 other fees the first being what’s called spread fees fine and i’m going to show you what i imply on now a spread charge as i’m going to reveal you
on is essentially the difference that is part of the financial investment platform in between the buy price and the list price fine it’s their premium on doing both those two 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 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 show you that once again so the current rate of tesla is the value of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll discover this all over this is another way that they make a percentage of make money from you each time you do a buyer’s share so keep that in mind clearly it’s more expensive to buy than it is to sell so they’re going to offer 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 difference in between if you’re buying it then you wish to sell it which is how they make a little bit of cash on those spread charges it’s normally exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit money now the last accomplishment is called an
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overnight fee now this is truly crucial if you’re in fact utilizing cfds yourself too an over night charge is when you’re not doing that buy offer deal in the exact same day okay there’s then an overnight fee charged or even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which suggests you’re really purchasing the exact possession rather than utilizing utilize anyway you won’t get hit with these charges however these charges are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s state if you go into the assistance section this isn’t the over night charges details 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 which only applies as i stated to cfds there are some surcharges obviously depending upon what you are buying as well this is on your own so keep that in mind but complete fees are totally within their aid info okay and we spoke about as well as free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of really utilizing these copy operates they don’t have any additional fees on top of the regular fees that
are there now what you require to remember though is these possibly handled by other individuals entirely or in some cases have actually created portfolios you’ve got a genuine individual doing the management you have to make sure you select the person that’s right for you similar to any type of work this is your monetary properties so we definitely need to make sure it’s the ideal person for us before we copy them so the first things i would call it if you do want to use this function we’ve got a couple of various options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real money 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 charge card details or anything you can basically have this virtual portfolio simulate as if you are using your own cash however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money maybe this is a great alternative for you again to test the theories all right you might wish to buy tesla or apple or this etf why not use the virtual option as a method to kind of safe play with it obviously you may have missed out on gains and losses during that time of course if you had invested your real money it enables you to construct self-confidence understand 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 make sure you comprehend what your risk 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 risk simply indicates am i fine with potentially losing an excellent amount of this investment or getting as
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well now keep in mind everything is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 people will lose cash however that equally indicates they’ll lose eventually in their journey certainly individuals do generate income also and i have actually got videos all about how you can make sure you are among individuals to actually generate income however in this circumstance ensure you research study your risk level would you be okay giving your cash to another person which is effectively what you’re doing and trusting them make certain you understand what they’re buying completely if you’re somebody who isn’t wishing to be that risky don’t choose somebody who’s completely into crypto or currency conversion think about it you ‘d most likely want a foundation of strong commodities
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like gold or even oil plus more standard 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 state you can really use this too really quickly over here you can copy individuals now it will offer you a great deal of options and you can use the system to actually search for somebody that you fancy really following so let’s see possibly we desire someone from joined kingdom um who buys let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can discover everyone who has fulfilled that criteria and it does give you a risk element also so it tends to be the greater the number the more riskier they are with their stock investing now clearly 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 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 easy as clicking the copy button and off you go and after that you know ask you to confirm are you alright with this and off you go now another way to actually deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she actually 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 excellent to know ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is great so in fact for me understanding 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 appears to be what she prefers she’s likewise got a little bit more um of the sort of primary food companies and you have actually got you know pharmaceutical and production companies as that. Trading Etoro Docs.
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