We get htis a lot on our site the answer to Do Etoro Copiers Make Money….Questions that i hear from new financiers what if you’re brand new to investing you simply do not want to decide what you actually wish to invest and you want 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 usually 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 of course you can buy 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 too now if you’re brand new to a total please remember this platform is rather sophisticated you can do cfds which of course cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform don’t just presume because i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they give that alternative also so you in fact 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 of course your capital is at threat this is investing we’re doing you’re investing in real companies if you choose to in this particular video we’re discussing how to copy other people’s financial investments with your money so certainly your capital is at threat and we have to bear that in mind do not just do something since that individual has stated they have actually made revenue 14 months in a row buy these options since you believe is the right ones for you which being stated let’s dive directly 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 alternative to see what other traders are doing unbelievable we do not normally 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 cash we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of options and generally whenever they make a trade they buy they offer whatever they do your cash will be mimicked 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 also cover is the fees included really important you comprehend what are the expenses of this now with any platform there will be some cost to certainly 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 absolutely no charge websites then might not charge you for in fact buying and selling funds or etfs specific products specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees 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 actually start investing in 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 advanced financier so let’s start with fees truly crucial to comprehend these now on there’s a couple of fees there isn’t costs to do with in fact buying and selling okay so commission fees are complimentary nevertheless there are a number of other charges the very first one is withdrawal charges so you can clearly put cash in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your cash so you offer your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m only withdrawing when i definitely require to now you might say alright 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 somewhere and withdrawal charges are simply among those options that they have a great deal of platforms obviously are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every six months you understand depends totally how you’re investing however that is a charge to remember the 2nd cost that i’ve touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s fine that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m good 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 basic they have i suppose stuck with whatever cost they charge for that conversion rate you type of need to accept you understand if you want to use their platform go from uk to us then that conversion charge is there what are they really 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 provide me us dollars instead you have to pay their fees now the excellent aspect of though when you have actually converted your money you do not have to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that means the preliminary 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 extra fees so that’s really great utilizing that part of their site won’t certainly limit you in any way however we have to be aware of two other fees the very first being what’s called spread costs okay and i’m going to reveal you what i suggest on now a spread charge as i’m going to show you
on is generally the difference that belongs to the investment platform 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 in fact suggests that when you wish to buy or offer as you can see it’s not the cost you’re seeing up here let me show you that once again so the present rate of tesla is the worth of a share what’s called spread fees is the difference then in fact to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of benefit from you every time you do a purchaser’s share so keep that in mind certainly it’s more expensive to buy than it is to offer so they’re going to provide you less back with your sale and you say fine well why does that happen it just 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 wish to sell it which is how they make a bit of cash on those spread costs it’s typically extremely little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a little bit money now the last feat is called an
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overnight charge now this is really important if you’re really utilizing cfds yourself too an overnight fee is when you’re not doing that buy sell transaction in the same day alright there’s then an overnight cost charged or perhaps if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which indicates you’re actually buying the specific possession rather than utilizing take advantage of anyway you will not get hit with these charges however these costs are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s state if you enter into the aid area this isn’t the overnight charges info you can see exactly the breakdown and it’ll tell you what are the charges what are the charges 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 surcharges of course depending on what you are buying also this is on your own so keep that in mind but complete costs are totally within their help information all right and we talked about along with free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity 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 do not have any extra charges on top of the regular charges that
are there now what you need to bear in mind though is these possibly managed by other individuals completely or sometimes have actually created portfolios you’ve got a genuine person doing the management you have to ensure you choose the individual that’s right for you similar to any line of work this is your monetary assets so we definitely require to make certain it’s the best person for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of different 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 genuine money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not 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 in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money perhaps this is a fantastic alternative for you again to test the theories alright you may want to buy tesla or apple or this etf why not use the virtual option as a way to type of safe play with it undoubtedly you may have lost out on gains and losses during that time naturally if you had invested your real money it allows you to construct confidence comprehend the platform so that’s one alternative 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 people and copy portfolios now here’s something to remember before you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i mean 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 potentially losing a great amount of this 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 individuals will lose cash however that equally implies they’ll lose eventually in their journey certainly people do generate income also and i’ve got videos all about how you can make certain you’re one of the people to actually earn money however in this situation make certain you research study your risk level would you be okay giving your money to someone else which is successfully what you’re doing and trusting them make sure you understand what they’re investing in totally if you’re somebody who isn’t wishing to be that risky do not select somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong products
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like gold or perhaps oil plus more traditional etfs and index funds you may 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 actually utilize this too really quickly over here you can copy individuals now it will provide you a great deal of choices and you can use the system to in fact search for somebody that you fancy actually following so let’s see maybe we want somebody from united kingdom um who buys let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good quantity and i can discover everyone who has actually satisfied that requirements and it does provide you a danger 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 people that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no way 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 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 actually 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 great to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is good so in fact 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 companies that seems to be what she chooses she’s also got a bit more um of the sort of primary food companies and you’ve got you understand pharmaceutical and production business as that. Do Etoro Copiers Make Money.
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