We get htis a lot on our site the answer to Fa Bani Etoro….Questions that i speak with new investors what if you’re brand new to investing you just don’t wish to choose what you actually want to invest and you desire someone to do it for you there’s only a couple of ways that that can occur the first of all you can hire a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that maybe one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 bear in mind this platform is rather sophisticated you can do cfds which of course cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t simply assume because i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they give that option too so you actually get used to the structure of the site 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 threat this is investing we’re doing you’re purchasing real companies if you pick to in this specific video we’re talking about how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not just do something because that individual has stated they’ve made profit 14 months in a row invest in these options since 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 comprehending what is copy trading what are copy portfolios it’s part of social trading which is one element that is most likely.
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famous for it’s the choice to see what other traders are doing amazing 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 implies with our cash we can actually state i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and generally every time they make a trade they buy they offer whatever they do your cash will be simulated with it so that suggests if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees involved truly critical you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the zero fee sites then might not charge you for in fact buying and selling etfs or funds private products private stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering 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 costs with in particular in this video the next would be things to know before you really start buying copy trading or copy portfolios and lastly some best advice finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s kick off with charges really crucial to understand these now on there’s a number of costs there isn’t fees to do with in fact buying and selling fine so commission fees are complimentary nevertheless there are a couple of other fees the very first one is withdrawal costs so you can certainly put cash 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 but when you wish to withdraw your cash so you sell 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 absolutely need to now you may say alright that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal fees are just one of those options 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 mainly it can be maybe even once a year once every six months you understand depends entirely how you’re investing but that is a charge to bear in mind the 2nd fee that i’ve touched upon is that conversion cost now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re utilizing trading 2 and 2 free trade anybody this is standard they have actually i suppose stuck to whatever charge they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion fee is there what are they really providing you in regards to 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 say provide me us dollars instead you need to pay their costs now the fantastic feature of however when you have actually transformed your cash you do not have to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that means the preliminary day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s actually excellent utilizing that part of their website won’t certainly restrict you in any way nevertheless we have to be aware of 2 other costs the 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 reveal you
on is basically the distinction that belongs to the investment platform in between the buy price and the price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact implies that when you wish to buy or sell as you can see it’s not the price you’re seeing up here let me reveal you that again so the present 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 way that they make a percentage of make money from you each time you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to offer so they’re going to provide you less back with your sale and you state okay well why does that occur 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 offer it which is how they make a bit of money on those spread charges it’s generally exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit cash now the last task is called an
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overnight charge now this is really important if you’re in fact utilizing cfds yourself also an over night cost is when you’re not doing that buy sell transaction in the same day alright there’s then an over night cost charged or even if you go from the friday to the monday before sailing a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one utilize which means you’re really purchasing the precise property instead of using take advantage of anyhow you won’t get hit with these fees but these fees are if you’re utilizing utilize and cfds and after that you’re going to have these costs if you’re not buy selling in the exact same day so let’s say if you go into the assistance area this isn’t the over night charges details 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 which just applies as i stated to cfds there are some additional charges obviously depending upon what you are purchasing as well this is on your own so keep that in mind however full costs are entirely within their help information okay and we discussed as well as totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different ways of in fact using these copy operates they don’t have any extra charges on top of the regular costs that
exist now what you need to keep in mind though is these potentially handled by other people completely or sometimes have created portfolios you have actually got a real person doing the management you have to make certain you pick the person that’s right for you just like any profession this is your financial possessions so we definitely need to ensure 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 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 money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your charge card information or anything you can basically have this virtual portfolio simulate as if you are utilizing your own money but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real money perhaps this is a fantastic option for you again to check the theories okay you might want to buy tesla or apple or this etf why not utilize the virtual option as a method to sort of safe have fun with it obviously you may have lost out on gains and losses throughout that time obviously if you had actually invested your real cash it enables you to construct 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 really how to copy people and copy portfolios now here’s something to keep in mind before you pick somebody 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 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 potentially losing an excellent quantity of this financial investment or acquiring as
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well now remember everything is ups and downs you will earn money you’ll lose cash that’s why they make the statistic 75 people will lose cash but that equally suggests they’ll lose eventually in their journey clearly people do make money too and i have actually got videos all about how you can ensure you’re one of individuals to in fact earn money but in this scenario make certain you research your danger level would you be fine offering your money to someone else which is efficiently what you’re doing and trusting them ensure you understand what they’re purchasing fully if you’re somebody who isn’t wishing to be that dangerous do not choose somebody who’s entirely into crypto or currency conversion consider it you ‘d probably desire a backbone of strong commodities
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like gold and even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact utilize this too really easily over here you can copy people now it will offer you a lot of options and you can use the system to in fact look for somebody that you elegant really following so let’s see possibly we want somebody from unified kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody 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 obviously there are a number of individuals that have quite high returns
remember it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other way to guarantee 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 verify are you alright with this and off you go now another method to really deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she actually 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 some of mine actually that i purchase too which is good so in fact for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s likewise got a bit more um of the sort of primary food business and you’ve got you know pharmaceutical and production business as that. Fa Bani Etoro.
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