We get htis a lot on our site the answer to Etoro App Australia….Concerns that i speak with brand-new investors what if you’re brand new to investing you just don’t wish to choose what you in fact wish to invest and you desire somebody to do it for you there’s only a number of ways that that can occur the first of all you can hire a financial investment portfolio supervisor they’ll usually charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 as well now if you’re brand new to an overall please keep in mind this platform is quite innovative 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 discovering please do study the platform don’t simply assume since i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they consider that option as well so you actually get utilized to the structure of the website and after that when you’re ready to utilize your own cash 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 genuine companies if you select to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so certainly your capital is at threat and we have to bear that in mind do not simply do something since that person has stated they’ve made profit 14 months in a row invest in these options due to the fact that you think is the right ones for you and that being said let’s dive directly in [Music] so the important 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 probably.
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famous for it’s the alternative to see what other traders are doing extraordinary we do not typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can actually state i wish to do exactly what that trader is doing or match that exact portfolio of options and basically every time they make a trade they purchase they offer whatever they do your cash will be imitated with it so that means if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees included actually vital you comprehend what are the costs of this now with any platform there will be some expense to obviously these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero fee sites then may not charge you for in fact buying and selling etfs or funds private products individual stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you actually begin investing in copy trading or copy portfolios and lastly some best recommendations best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s kick off with fees truly crucial to understand these now on there’s a number of charges there isn’t charges to do with really buying and selling alright so commission costs are complimentary however there are a couple of other charges the first one is withdrawal costs 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 instantly converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money so you offer your shares you sell your commodities whatever you’re offering 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 certain that i’m only withdrawing when i definitely require to now you might state fine that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are just among those options that they have a great deal of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you understand depends entirely how you’re investing but that is a charge to remember the 2nd charge that i’ve touched upon is that conversion charge now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s great that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading two and two open market anyone at all this is standard they have i suppose stuck to whatever cost they charge for that conversion rate you kind of need to accept you understand if you want to use their platform go from uk to us then that conversion fee is there what are they really providing you in regards to your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and say give me us dollars rather you need to pay their fees now the terrific feature of though when you’ve converted your money you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you purchase 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 truly good using that part of their site won’t definitely limit you in any way however we have to be aware of two other fees the first being what’s called spread fees alright and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is basically the distinction that becomes part of the financial investment platform between the buy rate and the price fine 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 worth 599 per share in tesla that in fact indicates that when you wish to sell or purchase as you can see it’s not the price you’re seeing up here let me reveal you that once again so the present cost of tesla is the value of a share what’s called spread charges is the distinction then actually to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of make money from you every time you do a buyer’s share so keep that in mind obviously it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you say okay well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to offer it which is how they make a bit of money on those spread out costs 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 bit cash now the last task is called an
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over night fee now this is really crucial if you’re in fact using cfds yourself too an over night cost is when you’re not doing that buy offer deal in the same day fine there’s then an over night charge charged and even if you go from the friday to the monday before sailing 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 leverage which indicates you’re in fact buying the precise possession rather than using utilize anyhow you won’t get hit with these costs however these fees are if you’re using utilize and cfds and then you’re going to have these fees 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 overnight fees 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 overnight or you’re doing over weekends which only applies as i said to cfds there are some added fees naturally depending upon what you are buying as well this is on your own so keep that in mind however complete costs are totally within their aid information alright and we discussed as well as free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular 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 different ways of actually using these copy operates they don’t have any extra fees on top of the normal costs that
are there now what you require to remember though is these possibly handled by other individuals entirely or sometimes have developed portfolios you have actually got a real person 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 possessions so we absolutely require 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’ve got a number 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 option to invest genuine cash or a virtual platform virtual means 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 essentially have this virtual portfolio imitate 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 utilizing your real cash perhaps this is an excellent alternative for you again to check the theories fine you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe have fun with it undoubtedly you may have missed out on gains and losses during that time of course if you had actually invested your real 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 really how to copy people 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 make certain you comprehend what your danger profile is now what do i suggest by that clearly 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 suggests am i all right with possibly losing a great quantity of this financial investment or getting as
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well now keep in mind everything is downs and ups you will generate income you’ll lose cash that’s why they make the figure 75 people will lose money but that similarly indicates they’ll lose at some point in their journey clearly people do generate income as well and i have actually got videos everything about how you can make sure you’re one of individuals to really generate income but in this scenario make sure you research your threat level would you be okay offering your money to another person which is effectively what you’re doing and trusting them make sure you understand what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous don’t choose someone who’s totally into crypto or currency conversion think of it you ‘d probably want a foundation of strong commodities
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like gold or even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact utilize this too really quickly over here you can copy individuals now it will provide you a lot of options and you can utilize the system to really search for somebody that you fancy actually following so let’s see maybe we want someone from united kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can find everybody who has actually satisfied that criteria and it does offer you a threat element too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to validate are you alright with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can actually 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 bit so that’s excellent to understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is good so in fact for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s also got a bit more um of the sort of main food companies and you have actually got you understand pharmaceutical and production companies as that. Etoro App Australia.
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