We get htis a lot on our site the answer to Etoro Bronze Silver Gold Platinum Member….Questions that i hear from new investors what if you’re brand new to investing you merely do not want to decide what you actually wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can occur the first of all you can hire an investment portfolio supervisor they’ll generally 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 of course you can purchase mutual funds particular funds are produced 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 rather innovative you can do cfds which naturally cfds are methods of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t simply presume because 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 alternative also so you actually get utilized to the structure of the website and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re buying genuine business if you pick to in this specific video we’re talking about how to copy other people’s investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not just do something because that individual has said they have actually made earnings 14 months in a row invest in these options since you think is the ideal ones for you and that being said 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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famous for it’s the alternative to see what other traders are doing extraordinary we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can really state i wish to do precisely what that trader is doing or match that precise portfolio of options and basically each time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that implies if for example 10 of their investment portfolio is 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 actually important you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are real companies 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 charge websites then may not charge you for actually buying and selling etfs or funds individual products specific stocks.
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there’ll be fees on other parts perhaps 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 charges with in particular in this video the next would be things to understand before you actually start purchasing copy trading or copy portfolios and lastly some best suggestions best practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s start with costs actually crucial to understand these now on there’s a couple of fees there isn’t charges to do with really buying and selling okay so commission costs are free nevertheless there are a couple of other charges the first one is withdrawal costs so you can clearly put money in now if you’re in the uk we put our uk money.
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and it’s automatically 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 sell your shares you sell your products whatever you’re selling the minimum quantity 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 sure that i’m just withdrawing when i definitely require to now you might state all right that’s quite expensive 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 one of those options that they have a lot of platforms obviously are totally free 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 as soon as every 6 months you understand depends totally how you’re investing however that is a cost to remember the second cost that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading two and 2 free trade anybody this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you kind of need to accept you know if you want to utilize their platform go from uk to us then that conversion charge is there what are they in fact giving you in terms of 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 state offer me us dollars instead you have to pay their charges now the great feature of however when you have actually converted your money you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that indicates the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s truly excellent using that part of their website will not definitely restrict you in any way nevertheless we need to know 2 other costs the very first being what’s called spread costs okay and i’m going to show you what i mean on now a spread fee as i’m going to show you
on is basically the distinction that belongs to the investment platform in 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 website today tesla’s dollar value 599 per share in tesla that actually means that when you want to sell or purchase as you can see it’s not the price you’re seeing up here let me show you that once again so the existing price of tesla is the value of a share what’s called spread fees is the distinction then in fact to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of make money from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to offer so they’re going to offer you less back with your sale and you state alright well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to offer it and that is how they make a little bit of money on those spread out charges it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a little bit cash now the last task is called an
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overnight fee now this is actually essential if you’re actually using cfds yourself also an overnight fee is when you’re not doing that buy sell deal in the exact same day fine there’s then an over night charge charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which means you’re actually purchasing the specific asset instead of using utilize anyway you will not get hit with these costs however these fees are if you’re utilizing leverage and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you go into the aid area this isn’t the overnight fees 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 said to cfds there are some service charges of course depending on what you are investing in too this is on your own so keep that in mind however complete costs are totally within their help information okay and we discussed as well as complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular 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 in fact using these copy functions they do not have any additional fees on top of the typical fees that
are there now what you need to remember though is these possibly managed by other people completely or in some cases have produced portfolios you’ve got a real individual doing the management you need to ensure you select the individual that’s right for you just like any kind of work this is your monetary possessions so we definitely need to make certain 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 utilize this function we’ve got a number of different alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your credit card details or anything you can basically have this virtual portfolio simulate as if you are utilizing your own cash however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash perhaps this is a great alternative for you once again to evaluate the theories okay you may want to buy tesla or apple or this etf why not use the virtual alternative as a method to sort of safe have fun with it clearly you might have missed out on gains and losses throughout that time naturally if you had invested your real money it permits you to build self-confidence understand the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to keep in mind before you select someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat 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 financial investments the riskier you can be risk simply implies am i okay with possibly losing a great quantity of this financial investment or gaining as
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well now remember everything is downs and ups you will make money you’ll lose money that’s why they make the fact 75 individuals will lose cash but that similarly implies they’ll lose at some point in their journey clearly people do earn money also and i’ve got videos everything about how you can make sure you are among the people to actually make money but in this situation ensure you research your risk level would you be fine providing your money to another person which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing fully if you’re someone who isn’t wanting to be that dangerous do not pick somebody who’s completely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong products
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like gold or perhaps oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually use this too actually easily over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to really search for somebody that you fancy really following so let’s see possibly we desire somebody from united kingdom um who purchases 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 discover everyone who has met that criteria and it does provide you a danger aspect too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of individuals that have quite high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not indicate someone will make 56 for you for the next 12 months they could make four 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 after that you understand ask you to confirm are you all right with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she in fact purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine really that i invest in too which is great so really 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 companies that appears to be what she prefers she’s also got a little bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production companies as that. Etoro Bronze Silver Gold Platinum Member.
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