We get htis a lot on our site the answer to Etoro Girl….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely do not want to decide what you in fact wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can happen the first of all you can work with an investment portfolio supervisor they’ll typically 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 obviously you can buy mutual funds particular funds are created 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 as well now if you’re brand new to a total please bear 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 really having the total of capital so with anything that you’re finding out about please do study the platform don’t just presume since 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 cash they give that alternative too so you in fact get utilized to the structure of the website and then 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 investing in real companies if you select to in this particular video we’re discussing how to copy other people’s investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not just do something since that individual has stated they’ve made earnings 14 months in a row buy these choices because you think is the ideal ones for you and that being said 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 most likely.
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famous for it’s the alternative to see what other traders are doing extraordinary we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can really say i wish to do precisely what that trader is doing or match that exact 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 means 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 crucial you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no fee sites then might not charge you for actually buying and selling funds or etfs private products individual stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand before you really begin investing in copy trading or copy portfolios and lastly some best suggestions best practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s kick off with charges truly important to understand these now on there’s a number of costs there isn’t fees to do with really buying and selling okay so commission fees are free nevertheless there are a couple of other fees the first one is withdrawal fees so you can undoubtedly 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 wish to withdraw your cash so you sell your shares you offer your commodities whatever you’re offering the minimum quantity 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 just withdrawing when i absolutely require to now you may state okay that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are just among those options that they have a great deal of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every six months you understand depends totally how you’re investing however that is a charge to keep in mind the 2nd charge that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading two and 2 open market anyone at all this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you sort of have to accept you know if you wish to utilize their platform go from uk to us then that conversion fee is there what are they really 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 say give me us dollars instead you need to pay their charges now the great aspect of however when you’ve converted your money you do not need to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that implies 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 fees so that’s truly excellent utilizing that part of their site will not definitely limit you in any way nevertheless we have to be aware of two other costs the first being what’s called spread fees all right and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is basically the difference that is part of the investment platform between the buy cost and the sale 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 value 599 per share in tesla that really 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 charges is the difference then actually 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 profit from you each time you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase than it is to offer so they’re going to provide 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 great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it which is how they make a bit of money on those spread charges it’s usually exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit money now the last accomplishment is called an
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overnight cost now this is actually crucial if you’re actually utilizing cfds yourself as well an overnight charge is when you’re not doing that buy offer deal in the same day all right there’s then an over night charge charged or perhaps if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re actually purchasing the exact possession instead of using utilize anyhow you will not get hit with these fees however these charges are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s say if you enter into the help section this isn’t the overnight fees information 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 uses as i stated to cfds there are some service charges naturally depending upon what you are buying also this is on your own so keep that in mind however complete costs are completely within their assistance details all right and we spoke about along with totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of in fact using these copy functions they do not have any additional costs on top of the normal costs that
exist now what you require to bear in mind though is these possibly handled by other individuals completely or often have actually developed portfolios you’ve got a genuine person doing the management you need to make certain you choose the person that’s right for you much like any profession this is your financial possessions so we absolutely need to make certain it’s the right individual for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple of different alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun 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 essentially have this virtual portfolio mimic as if you are utilizing your own money however really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real cash maybe this is a fantastic alternative for you again to evaluate the theories okay you may wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to type of safe play with it certainly you might have missed out on gains and losses during that time naturally if you had actually invested your real money it enables you to build self-confidence comprehend the platform so that’s one option 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 bear in mind before you pick somebody 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 suggest by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk just implies am i fine with possibly losing a great amount of this investment or acquiring as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose cash but that equally means they’ll lose at some point in their journey obviously individuals do earn money as well and i have actually got videos everything about how you can ensure you’re one of individuals to really earn money however in this situation make sure you research your danger level would you be all right giving your money to somebody else which is successfully what you’re doing and trusting them make certain you understand what they’re investing in fully if you’re somebody who isn’t wishing to be that risky do not pick someone who’s totally into crypto or currency conversion think of it you ‘d probably want a backbone of strong commodities
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like gold and even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact utilize this too truly easily over here you can copy individuals now it will provide you a great deal of choices and you can utilize the system to actually look for somebody that you elegant in fact following so let’s see possibly we desire somebody from united kingdom um who purchases let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds a great amount and i can find everybody who has satisfied that requirements and it does provide you a risk element also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not indicate 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 easy as clicking the copy button and off you go and after that you know ask you to validate are you alright with this and off you go now another method to really deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent 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 really that i purchase too which is good so in fact for me knowing what i like to purchase 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 likewise got a little bit more um of the type of primary food business and you have actually got you know pharmaceutical and production companies as that. Etoro Girl.
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