We get htis a lot on our site the answer to Etoro Account Statement….Questions that i hear from brand-new investors what if you’re brand new to investing you merely don’t want to choose what you really wish to invest and you want someone to do it for you there’s only a couple of ways that that can occur the first off you can hire an investment portfolio manager they’ll generally charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is naturally you can buy 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 too now if you’re brand new to a total please keep in mind this platform is rather innovative you can do cfds which naturally cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform do not just assume since i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they give that alternative too so you really 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 naturally your capital is at danger this is investing we’re doing you’re investing in real business if you select to in this specific video we’re discussing how to copy other people’s investments with your cash so certainly your capital is at risk and we have to bear that in mind do not just do something because that individual has actually said they have actually made earnings 14 months in a row buy these options since you believe is the ideal ones for you which being stated 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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well-known for it’s the option to see what other traders are doing unbelievable we don’t generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can actually say i want to do exactly what that trader is doing or match that specific portfolio of choices and generally whenever they make a trade they buy they offer whatever they do your cash will be imitated with it so that suggests if for instance 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 also cover is the costs involved truly important you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are real 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 absolutely no charge websites then may not charge you for in fact buying and selling etfs or funds specific 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 sort of costs 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 understand before you really start buying copy trading or copy portfolios and finally some finest guidance finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s start with fees truly essential to understand these now on there’s a couple of fees there isn’t costs to do with really buying and selling alright so commission costs are free nevertheless there are a number of other costs the first one is withdrawal fees so you can obviously put money in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your cash so you offer your shares you sell your commodities 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 of course knowing that i’m going to make certain that i’m only withdrawing when i definitely require to now you might state fine that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal fees are just among those options that they have a great deal of platforms certainly 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 once every 6 months you know depends totally how you’re investing but that is a fee to bear in mind the 2nd charge that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion charge 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 fee they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion cost is there what are they in fact 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 give me us dollars instead you need to pay their charges now the fantastic feature of however when you have actually converted your cash you do not have 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 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 won’t definitely restrict you in any way however we need to know two other fees the very first being what’s called spread fees fine and i’m going to reveal you what i suggest 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 rate 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 site today tesla’s dollar value 599 per share in tesla that really implies that when you wish to purchase or offer as you can see it’s not the price you’re seeing up here let me reveal you that again so the existing rate of tesla is the value of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll find this everywhere this is another way that 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 expensive to purchase than it is to sell so they’re going to provide you less back with your sale and you state alright well why does that happen 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 want to sell it which is how they make a little bit of cash on those spread costs it’s generally 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 bit cash now the last task is called an
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over night charge now this is truly essential if you’re actually using cfds yourself too an over night charge is when you’re refraining from doing that buy offer deal in the exact same day alright there’s then an overnight cost charged and even if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one leverage which implies you’re actually purchasing the precise property rather than utilizing leverage anyhow 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 costs if you’re not buy offering in the exact same day so let’s state if you enter into the help section this isn’t the overnight costs details 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 over night or you’re doing over weekends and that just uses as i stated to cfds there are some added fees naturally depending upon what you are purchasing as well this is on your own so keep that in mind but full charges are totally within their assistance info all right and we spoke about along with complimentary to deposit in but there’s a 5 dollar charge if you wish 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 have actually stated copy trading and copy portfolios are 2 various methods of in fact using these copy works they don’t have any additional costs on top of the normal fees that
exist now what you need to bear in mind though is these possibly managed by other people totally or in some cases have actually created portfolios you’ve got a real person doing the management you have to ensure you pick the individual that’s right for you just like any type of work this is your monetary assets so we definitely need to ensure it’s the best individual for us prior to we copy them so the first things i would call it if you do want to utilize this function we’ve got a number 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 alternative to invest genuine cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your charge card details or anything you can generally have this virtual portfolio mimic as if you are using your own cash but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money perhaps this is an excellent choice for you once again to evaluate the theories alright you might want to buy tesla or apple or this etf why not utilize the virtual option as a method 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 enables you to build confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to keep in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger 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 okay with potentially losing a good quantity of this financial 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 money that’s why they make the statistic 75 individuals will lose cash but that equally indicates they’ll lose at some point in their journey certainly people do generate income as well and i have actually got videos all about how you can make certain you’re one of the people to actually make money but in this circumstance make certain you research your danger level would you be fine providing your money to somebody else which is successfully 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 risky do not pick somebody who’s completely into crypto or currency conversion consider it you ‘d probably desire a foundation of strong products
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like gold or perhaps oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact utilize this too actually easily over here you can copy people now it will provide you a lot of choices and you can use the system to in fact search for someone that you elegant in fact following so let’s see possibly we want someone from united kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everybody who has satisfied that requirements and it does offer you a danger factor also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people 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 imply somebody will make 56 for you for the next 12 months they might make four 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 then you know ask you to verify are you fine with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is excellent so really for me knowing what i like to invest in my individual 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 kind of primary food business and you have actually got you know pharmaceutical and production business as that. Etoro Account Statement.
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