We get htis a lot on our site the answer to What Does Etoro Do….Questions that i hear from brand-new investors what if you’re brand new to investing you simply don’t wish to choose what you actually wish to invest and you want someone to do it for you there’s just a couple of ways that that can take place the to start with you can employ a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds particular funds are created 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 as well now if you’re brand new to a total please bear in mind this platform is quite advanced you can do cfds which of course cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform do not just assume since i use 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 choice as well 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 naturally your capital is at threat this is investing we’re doing you’re purchasing real business if you choose to in this specific video we’re talking about how to copy other people’s investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not just do something because that individual has stated they’ve made revenue 14 months in a row invest in these choices since you think is the ideal 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 aspect that is most likely.
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popular for it’s the option to see what other traders are doing amazing we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can really say i want to do precisely what that trader is doing or match that precise portfolio of options and basically whenever they make a trade they purchase they sell whatever they do your cash will be imitated with it so that suggests if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees involved actually important you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero charge 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 possibly 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 reveal you the charges 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 finally some finest recommendations 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 fees truly crucial to understand 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 complimentary however there are a couple of other costs the first one is withdrawal charges 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 automatically converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your money 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 five dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might state fine that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are just among those options that they have a great deal of platforms clearly are totally 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 when every six months you know depends entirely how you’re investing however that is a charge to keep in mind the second cost that i have actually discussed is that conversion cost now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s great that suits 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 great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading two and 2 open market anyone at all this is standard they have actually i expect stuck with whatever fee 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 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 say give me us dollars instead you have to pay their costs now the great feature of though when you’ve transformed your cash you do not need to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s really good utilizing that part of their website will not certainly limit you in any way nevertheless we need to be aware of two other costs the very first being what’s called spread fees okay and i’m going to reveal you what i suggest on now a spread cost as i’m going to reveal you
on is basically the distinction that belongs to the investment platform in between the buy price 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 website right now tesla’s dollar value 599 per share in tesla that actually means that when you want to sell or buy as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current rate of tesla is the worth of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to offer so they’re going to offer you less back with your sale and you say alright well why does that happen it simply 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 want to offer it and that is how they make a bit of money on those spread fees it’s normally extremely small it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit cash now the last accomplishment is called an
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overnight charge now this is truly important if you’re really using cfds yourself also an overnight fee is when you’re not doing that buy sell transaction in the exact same day fine there’s then an over night cost charged and even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which suggests you’re in fact purchasing the specific asset rather than using take advantage of anyway you won’t get hit with these charges but these charges are if you’re using take advantage of and cfds and then you’re going to have these fees 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 over night fees details you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which only applies as i said to cfds there are some additional charges naturally depending on what you are buying also this is on your own so keep that in mind however complete charges are completely within their assistance info alright 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 whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two various methods of really using these copy functions they don’t have any extra charges on top of the typical costs that
exist now what you require to bear in mind though is these potentially handled by other individuals completely or in some cases have actually produced portfolios you have actually got a real person doing the management you need to make certain you choose the person that’s right for you much like any profession this is your monetary assets so we definitely need to ensure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of various options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your credit card details or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash perhaps this is a terrific option for you once again to evaluate the theories all right you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to type of safe play with it undoubtedly you may have missed out on gains and losses throughout that time of course if you had actually invested your real cash it permits you to build self-confidence understand the platform so that’s one option 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 remember prior to you pick 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 clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just suggests am i okay with potentially losing a great amount of this investment or getting as
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well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 people will lose money but that equally suggests they’ll lose eventually in their journey certainly people do generate income as well and i’ve got videos all about how you can ensure you’re one of the people to really generate income however in this scenario make certain you research study your risk level would you be alright offering your cash to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re investing in fully if you’re somebody who isn’t wanting to be that risky do not pick someone who’s totally into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong products
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like gold and even 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 in fact utilize this too actually easily over here you can copy individuals now it will give you a lot of options and you can use the system to actually look for someone that you fancy actually following so let’s see perhaps we want someone from joined kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has actually satisfied that requirements and it does give you a danger factor also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to confirm are you okay with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she really investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine really that i buy too which is good so really for me knowing what i like to invest in 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 also got a bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production business as that. What Does Etoro Do.
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