We get htis a lot on our site the answer to Abhebunge Id Etoro….Concerns that i speak with new financiers what if you’re brand new to investing you simply don’t want to choose what you actually wish to invest and you desire somebody to do it for you there’s just a number of ways that that can occur the first off you can work with 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 particular funds are produced 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 quite advanced you can do cfds which of course cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning about please do study the platform do not just assume due to the fact that i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they consider that option also so you actually get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re investing in real companies if you select to in this particular video we’re discussing how to copy other people’s investments with your money so undoubtedly your capital is at risk and we need to bear that in mind do not just do something because that person has actually said they have actually made revenue 14 months in a row purchase these options because you think is the ideal ones for you which being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.
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well-known for it’s the alternative to see what other traders are doing incredible we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can in fact state i wish to do precisely what that trader is doing or match that specific portfolio of options and basically whenever they make a trade they purchase they sell whatever they do your cash will be simulated with it so that suggests if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs involved really critical you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the no cost websites then may not charge you for really buying and selling funds or etfs individual commodities individual 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 fees associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know before you actually begin buying copy trading or copy portfolios and lastly some best suggestions best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s start with charges really essential 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 costs are totally free however there are a couple of other fees the first one is withdrawal costs so you can certainly 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 later but when you want 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 five dollars per withdrawal so for me naturally understanding that i’m going to make certain that i’m only withdrawing when i absolutely require to now you might state all right that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are just among those options that they have a great deal of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every 6 months you understand depends completely 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 dealing in us dollars only there’s not an option to purchase in euros or uk which’s fine that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading two and two open market anybody this is standard they have i expect stuck with whatever cost they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion charge exists what are they actually offering you in regards to 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 offer me us dollars rather you have to pay their costs now the excellent thing about however when you have actually transformed your cash you do not need to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s actually excellent using that part of their website won’t definitely restrict you in any way however we need to understand two other charges the very first being what’s called spread charges fine and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you
on is generally the distinction that becomes part of the investment platform in between the buy rate and the list price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really implies that when you wish to sell or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the existing price of tesla is the value of a share what’s called spread charges is the difference then in fact to buy that share on the platform and you’ll find this all over this is another way that they make a small amount of profit from you whenever you do a buyer’s share so keep that in mind obviously it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you say okay well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread fees it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a little bit cash now the last task is called an
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overnight fee now this is truly important if you’re actually utilizing cfds yourself as well an over night fee is when you’re refraining from doing that buy sell deal in the same day alright there’s then an overnight cost charged and even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one utilize which suggests you’re really buying the specific property rather than using utilize anyhow you will not get hit with these fees but these costs 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 exact same day so let’s state if you go into the aid area this isn’t the over night fees info you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which just applies as i said to cfds there are some added fees of course depending upon what you are buying also this is on your own so keep that in mind but complete fees are entirely within their assistance info fine and we spoke about as well as totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of really using these copy functions they don’t have any extra charges on top of the regular charges that
exist now what you need to remember though is these possibly handled by other individuals entirely or often have actually created portfolios you’ve got a real person doing the management you have to make certain you choose the person that’s right for you just like any kind of work this is your financial assets so we absolutely need to make sure it’s the right person for us before we copy them so the first things i would call it if you do want to use this function we have actually 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 option to invest real cash or a virtual platform virtual ways 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 need to put in your credit card information or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own money however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money maybe this is a fantastic alternative for you once again to check the theories fine you may want to purchase tesla or apple or this etf why not utilize the virtual choice as a way to type of safe play with it clearly you might have lost out on gains and losses during that time naturally if you had invested your real cash it enables you to develop self-confidence understand the platform so that’s one choice 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 individuals and copy portfolios now here’s something to bear in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i mean by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk simply suggests am i all right with potentially losing an excellent quantity of this financial investment or getting as
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well now remember whatever is downs and ups you will earn money you’ll lose cash that’s why they make the statistic 75 people will lose money but that similarly implies they’ll lose eventually in their journey undoubtedly people do generate income also and i have actually got videos all about how you can ensure you are among individuals to in fact generate income however in this scenario make sure you research study your danger level would you be okay giving your cash to another person which is effectively what you’re doing and trusting them ensure you comprehend what they’re buying completely if you’re someone who isn’t wishing to be that dangerous don’t choose somebody who’s totally into crypto or currency conversion think about it you ‘d probably desire a backbone of strong products
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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 very same with who you’re following now as i state you can really use this too truly quickly over here you can copy people now it will offer you a great deal of choices and you can utilize the system to actually look for somebody that you expensive really following so let’s see maybe we desire someone from unified kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can find everyone who has met that requirements and it does offer you a threat element as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of individuals that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they could 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 after that you understand ask you to confirm are you okay with this and off you go now another way to really deep dive if we click on this person for example 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 good to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got a few of mine really that i buy too which is excellent so really for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses 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. Abhebunge Id Etoro.
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