We get htis a lot on our site the answer to Alexander Grychyk Etoro….Concerns that i speak with new financiers what if you’re brand new to investing you merely do not want to decide what you really wish to invest and you want somebody to do it for you there’s just a number of manner ins which that can occur the to start with you can employ a financial investment portfolio manager they’ll generally charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific funds are produced 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 an overall please keep in mind this platform is rather advanced you can do cfds which obviously cfds are methods of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform don’t 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 cash they consider that alternative as well so you in fact get used to the structure of the website and then 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 investing in genuine business if you choose to in this specific video we’re talking about how to copy other individuals’s investments with your money so clearly your capital is at danger and we need to bear that in mind do not simply do something because that individual has said they’ve made earnings 14 months in a row invest in these choices due to the fact that you think is the best ones for you and that being stated let’s dive directly 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 aspect that is probably.
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famous for it’s the option to see what other traders are doing amazing we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can actually state i want to do exactly what that trader is doing or match that specific portfolio of choices and essentially whenever they make a trade they buy they sell whatever they do your money will be imitated with it so that means if for instance 10 of their financial 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 costs included actually crucial you understand what are the expenses of this now with any platform there will be some expense to clearly 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 a few of the absolutely no cost websites then may not charge you for really buying and selling funds or etfs private products private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs 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 before you in fact begin investing in copy trading or copy portfolios and lastly some best recommendations best practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s begin with charges really essential to comprehend these now on there’s a couple of costs there isn’t fees to do with really buying and selling okay so commission charges are free nevertheless there are a couple of other costs the very first one is withdrawal fees so you can obviously put money in now if you’re 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 but when you want to withdraw your cash so you sell your shares you offer your products 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 obviously understanding that i’m going to make certain that i’m just withdrawing when i definitely require to now you may state okay that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are just among those choices that they have a great deal of platforms certainly are 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 understand depends totally how you’re investing but that is a charge to keep in mind the second cost that i’ve touched upon is that conversion cost now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk and that’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 and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re utilizing trading two and 2 open market anybody this is standard they have actually i expect stuck to whatever charge they charge for that conversion rate you type of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge is there what are they in fact providing 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 say provide me us dollars rather you need to pay their fees now the terrific thing about though when you’ve converted your money you do not have to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that means the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s truly excellent utilizing that part of their website will not certainly restrict you in any way nevertheless we need to understand two other costs the very first being what’s called spread fees all right and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is basically the distinction that becomes part of the investment platform in between the buy rate and the price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really indicates that when you wish to offer or buy as you can see it’s not the cost you’re seeing up here let me reveal you that again so the present rate of tesla is the value of a share what’s called spread costs is the difference 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 small amount of profit from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to offer so they’re going to offer you less back with your sale and you state all right well why does that occur it simply does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it and that is how they make a bit of money on those spread fees it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a bit money now the last feat is called an
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overnight fee now this is really important if you’re actually using cfds yourself as well an overnight fee is when you’re not doing that buy sell transaction in the same day alright there’s then an over night cost charged and even if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one utilize which implies you’re in fact purchasing the specific asset rather than using leverage anyhow you won’t get hit with these costs however these fees are if you’re utilizing take advantage of 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 assistance area 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 charges then for when you’re doing overnight or you’re doing over weekends and that only applies as i stated to cfds there are some service charges of course depending upon what you are buying also this is on your own so keep that in mind however complete charges are entirely within their help info fine and we talked about along with free to deposit in however 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 five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various methods of actually utilizing these copy works they do not have any additional costs on top of the normal charges that
are there now what you require to keep in mind though is these possibly handled by other people completely or in some cases have developed portfolios you have actually got a genuine person doing the management you need to make sure you select the individual that’s right for you similar to any kind of work this is your monetary properties so we definitely require to make sure it’s the right individual for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a number of various choices 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 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 generally have this virtual portfolio simulate as if you are utilizing your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money perhaps this is an excellent option for you once again to check the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe have fun with it certainly you might have missed out on gains and losses throughout that time of course if you had actually invested your genuine cash it allows you to develop confidence understand the platform so that’s one alternative for you then next week and i’m going to return 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 keep in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i mean by that certainly 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 just implies am i okay with possibly losing an excellent quantity of this investment or acquiring as
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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 individuals will lose cash however that equally means they’ll lose eventually in their journey certainly people do earn money too and i have actually got videos everything about how you can make sure you are among the people to really earn money but in this circumstance make sure you research study your threat level would you be all right offering your money to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re someone who isn’t wanting to be that risky do not choose someone who’s entirely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products
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like gold and even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually utilize this too truly quickly over here you can copy people now it will give you a lot of choices and you can use the system to really look for someone that you fancy actually following so let’s see perhaps we desire someone from joined kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everybody who has met that criteria and it does give you a danger element also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety 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 mean somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you all right 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 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 industry she’s got a few of mine actually that i invest in too which is great 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 great spread in tech business that seems to be what she prefers she’s likewise got a little bit more um of the sort of main food business and you have actually got you know pharmaceutical and production companies as that. Alexander Grychyk Etoro.
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