We get htis a lot on our site the answer to Etoro Youtube….Questions that i hear from new investors what if you’re brand new to investing you just do not wish to choose what you actually wish to invest and you want somebody to do it for you there’s only a couple of manner ins which that can occur the to start with you can work with an investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is of course you can purchase mutual funds particular funds are developed 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 too now if you’re brand new to a total please keep in mind this platform is quite innovative you can do cfds which obviously cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re discovering please do study the platform do not simply assume due to the fact that i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that alternative as well so you actually get utilized 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 of course your capital is at threat this is investing we’re doing you’re purchasing real business if you pick to in this particular video we’re talking about how to copy other individuals’s investments with your cash so clearly your capital is at threat and we need to bear that in mind do not just do something since that individual has actually stated they’ve made revenue 14 months in a row buy these options because you believe is the best ones for you which being stated let’s dive directly in [Music] so the important 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 probably.
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famous for it’s the alternative to see what other traders are doing extraordinary we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can actually state i want to do precisely what that trader is doing or match that precise portfolio of choices and essentially every time they make a trade they buy they sell whatever they do your cash will be imitated with it so that suggests if for instance 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 costs involved actually critical you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no fee sites then may not charge you for in fact buying and selling funds or etfs specific commodities 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 type of charges associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know before you actually start investing in copy trading or copy portfolios and finally 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 costs actually important to understand these now on there’s a number of costs there isn’t charges to do with really buying and selling okay so commission costs are free however there are a couple of other fees the first one is withdrawal charges so you can clearly 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 in the future but 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 obviously knowing that i’m going to make certain that i’m just withdrawing when i definitely need to now you may state alright that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are simply one of those alternatives 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 perhaps even once a year when every 6 months you understand depends totally how you’re investing however that is a cost to bear in mind the second charge that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just 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 buying and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading 2 and two open market anyone at all this is basic they have actually i expect stuck with whatever fee they charge for that conversion rate you type of need to accept you understand if you want to utilize 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 rather you have to pay their charges now the fantastic thing about though 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 purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s actually great utilizing that part of their website won’t certainly limit you in any way nevertheless we have to know 2 other fees the first being what’s called spread fees alright and i’m going to show you what i mean on now a spread fee as i’m going to reveal you
on is generally the difference that is part of the investment platform in between the buy price and the list price all right 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 worth 599 per share in tesla that in fact indicates that when you want to purchase or offer as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current rate of tesla is the value of a share what’s called spread costs is the difference then in fact to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of make money from you each time you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you say fine well why does that happen 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 want to sell it and that is how they make a bit of cash on those spread out charges it’s generally extremely 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 bit money now the last task is called an
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over night cost now this is really essential if you’re in fact utilizing cfds yourself too an overnight charge is when you’re refraining from 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 cruising a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one leverage which suggests you’re in fact purchasing the specific possession instead of using take advantage of anyhow you won’t get hit with these charges however these charges 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 go into the assistance area this isn’t the over night 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 overnight or you’re doing over weekends and that only uses as i said to cfds there are some added fees obviously depending on what you are investing in too this is on your own so keep that in mind but full costs are completely within their assistance information all right and we discussed as well as 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 stated copy trading and copy portfolios are 2 different methods of in fact utilizing these copy operates they do not have any extra costs on top of the regular costs that
exist now what you need to keep in mind though is these potentially managed by other individuals completely or in some cases have created portfolios you’ve got a genuine person doing the management you have to make certain you pick the person that’s right for you similar to any line of work this is your financial possessions so we definitely require to ensure it’s the best 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 have actually got a number of different alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways 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 need to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are using your own cash but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money possibly this is a fantastic alternative for you again to evaluate the theories fine you might wish to purchase tesla or apple or this etf why not use the virtual alternative as a way to type of safe play with it obviously you may have lost out on gains and losses during that time naturally if you had invested your genuine cash it allows you to build 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 individuals and copy portfolios now here’s something to remember prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i indicate by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just implies am i all right with possibly losing an excellent quantity of this financial investment or acquiring as
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well now keep in mind whatever 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 eventually in their journey certainly people do make money also and i have actually got videos all about how you can ensure you’re one of individuals to in fact make money but in this scenario make certain you research study your risk level would you be okay giving your cash to somebody else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re purchasing totally if you’re someone who isn’t wanting to be that dangerous do not choose someone who’s totally into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold and even oil plus more standard etfs and index funds you might 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 in fact utilize this too really easily over here you can copy people now it will provide you a great deal of options and you can use the system to in fact look for somebody that you expensive really following so let’s see perhaps we want someone from united kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has fulfilled that criteria and it does offer you a threat factor too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number 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 suggest somebody will make 56 for you for the next 12 months they could make 4 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 understand ask you to verify 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 actually deep dive into what is she really purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine actually that i buy too which is good so really for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she chooses she’s also got a little bit more um of the type of primary food business and you’ve got you know pharmaceutical and production business as that. Etoro Youtube.
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