We get htis a lot on our site the answer to Etoro Copyportfolios….Questions that i speak with new investors what if you’re brand new to investing you just don’t wish to decide what you really want to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can take place the to start with you can employ a financial investment portfolio manager they’ll typically charge a quite a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is obviously you can buy mutual funds specific funds are produced once 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 a total please keep in mind this platform is quite innovative you can do cfds which of course cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re learning more about please do study the platform do not just presume due to the fact that i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they give that choice also so you actually get used to the structure of the site 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 buying real business if you choose to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not just do something because that individual has actually said they’ve made revenue 14 months in a row purchase these options due to the fact that you believe is the best ones for you and that being said let’s dive straight 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 element that is probably.
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well-known for it’s the alternative to see what other traders are doing extraordinary we don’t typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can in fact say i wish to do precisely what that trader is doing or match that precise portfolio of options and generally every time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that indicates if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the charges involved really critical you understand what are the costs of this now with any platform there will be some cost to obviously these are genuine business 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 zero cost websites then may not charge you for actually buying and selling etfs or funds individual commodities specific stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges 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 know prior to you in fact begin buying copy trading or copy portfolios and finally some finest advice finest practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s kick off with costs really crucial to understand these now on there’s a number of fees there isn’t charges to do with really buying and selling all right so commission costs are totally free nevertheless there are a couple of other costs the first one is withdrawal fees so you can certainly put money 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 but when you want to withdraw your cash so you sell your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might say fine that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are just one of those choices that they have a lot of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every 6 months you understand depends completely how you’re investing but that is a cost to keep in mind the 2nd charge that i have actually touched upon is that conversion charge now with you’re handling us dollars only there’s not an option 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 good with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading two and two free trade anyone at all this is standard they have i suppose stuck with whatever cost they charge for that conversion rate you kind of have to accept you understand if you want to utilize their platform go from uk to us then that conversion cost exists what are they actually giving 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 give me us dollars rather you have to pay their charges now the terrific aspect of though when you have actually transformed 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 preliminary day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s truly excellent utilizing that part of their site will not definitely limit you in any way however we need to understand 2 other costs the first being what’s called spread fees all right and i’m going to show you what i indicate on now a spread charge as i’m going to show you
on is generally the difference that becomes part of the financial investment platform between the buy cost and the list price okay 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 value 599 per share in tesla that really suggests that when you wish to sell or buy as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current price of tesla is the value of a share what’s called spread charges is the difference then actually to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind clearly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you state alright well why does that occur it simply 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 offer it and that is how they make a bit of cash on those spread costs it’s normally incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a bit cash now the last feat is called an
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over night cost now this is actually important if you’re actually utilizing cfds yourself too an overnight charge is when you’re refraining from doing that buy sell deal in the very same day all right there’s then an over night charge charged and even if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one utilize which means you’re actually purchasing the specific property instead of utilizing take advantage of anyhow you won’t get hit with these charges however these costs are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you go into the aid area this isn’t the over night costs information 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 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 however full costs are completely within their aid information alright and we discussed in addition to complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different ways of in fact using these copy works they don’t have any extra costs on top of the typical costs that
are there now what you need to keep in mind though is these possibly handled by other people totally or sometimes have actually produced portfolios you have actually got a genuine person doing the management you have to make certain you select the person that’s right for you much like any line of work this is your financial properties so we definitely 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 wish to utilize this function we’ve got a number of various choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your credit card details or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine money perhaps this is a great choice for you once again to evaluate the theories all right you may want to buy tesla or apple or this etf why not use the virtual alternative as a way to type of safe play with it certainly you may have missed out on gains and losses during that time of course if you had actually invested your real cash it allows you to construct self-confidence understand 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 individuals and copy portfolios now here’s something to remember prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i indicate by that obviously 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 just means am i alright with possibly losing a good amount of this financial investment or acquiring as
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well now keep in mind everything is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 people will lose cash but that similarly implies they’ll lose eventually in their journey undoubtedly individuals do generate income too and i’ve got videos everything about how you can make certain you’re one of individuals to in fact generate income however in this scenario make certain you research study your danger level would you be all right providing your cash to someone else which is efficiently what you’re doing and trusting them ensure you understand what they’re purchasing totally if you’re someone who isn’t wishing to be that dangerous don’t select somebody who’s totally into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products
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like gold or even 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 state you can really utilize this too actually quickly over here you can copy people now it will offer you a great deal of choices and you can use the system to actually search for someone that you fancy really following so let’s see possibly we desire someone from unified kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has actually met that criteria and it does offer you a danger aspect 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 variety of people that have rather high returns
remember it’s like 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 might 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 alright 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 really deep dive into what is she really buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is excellent so actually for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s also got a bit more um of the sort of main food business and you’ve got you know pharmaceutical and production companies as that. Etoro Copyportfolios.
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