We get htis a lot on our site the answer to Fabian Gerspacher Etoro….Questions that i hear from brand-new financiers what if you’re brand new to investing you just don’t wish to decide what you in fact wish to invest and you desire somebody to do it for you there’s just a number of manner ins which that can happen the firstly you can work with a financial investment portfolio supervisor they’ll normally 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 naturally you can buy mutual funds specific funds are created 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 bear in mind this platform is rather sophisticated you can do cfds which obviously cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning about please do study the platform do not just assume because i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative as well so you in fact get used to the structure of the site 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 danger this is investing we’re doing you’re buying real companies if you select to in this particular video we’re speaking about how to copy other individuals’s investments with your money so clearly your capital is at danger and we need to bear that in mind do not just do something because that individual has actually stated they’ve made profit 14 months in a row purchase these choices due to the fact that you believe is the best ones for you and that being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is probably.
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popular for it’s the alternative to see what other traders are doing unbelievable we do not usually 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 exact portfolio of alternatives and generally each time they make a trade they buy they sell whatever they do your money will be simulated with it so that suggests 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 likewise cover is the fees included truly crucial you comprehend what are the costs of this now with any platform there will be some cost 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 absolutely no charge sites then might not charge you for actually buying and selling funds or etfs specific commodities private stocks.
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there’ll be costs on other parts possibly 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 costs with in particular in this video the next would be things to know before you really start investing in copy trading or copy portfolios and lastly some best suggestions 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 charges really crucial to understand these now on there’s a couple of costs there isn’t costs to do with really buying and selling okay so commission fees are totally free however there are a couple of other costs the first one is withdrawal charges so you can clearly put cash in now if you remain in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you sell your shares you sell your products whatever you’re offering the minimum amount 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 sure that i’m only withdrawing when i absolutely need to now you may state okay that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are simply among those choices that they have a great deal of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every 6 months you know depends entirely how you’re investing but that is a charge to bear in mind the second fee that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk which’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and 2 open market anybody this is standard they have actually i suppose stuck to whatever charge they charge for that conversion rate you type of have to accept you know if you wish to use their platform go from uk to us then that conversion cost exists what are they actually offering 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 state give me us dollars instead you need to pay their costs now the terrific aspect of however when you have actually converted your cash you do not need to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that suggests the preliminary 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 extra costs so that’s truly excellent utilizing that part of their site won’t certainly restrict you in any way nevertheless we have to understand 2 other costs the very first being what’s called spread costs fine and i’m going to show you what i indicate on now a spread fee as i’m going to show you
on is generally the difference that becomes part of the financial investment platform in between the buy price and the sale price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that actually means that when you wish to buy or offer as you can see it’s not the rate you’re seeing up here let me show you that again so the present cost of tesla is the worth of a share what’s called spread fees is the distinction then really 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 profit from you whenever you do a buyer’s share so keep that in mind clearly it’s more pricey to buy than it is to offer so they’re going to offer you less back with your sale and you state fine well why does that occur it simply 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 which is how they make a bit of cash on those spread out costs it’s typically exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit money now the last accomplishment is called an
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overnight fee now this is really crucial 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 charge charged or even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which means you’re in fact purchasing the precise asset instead of utilizing leverage anyway you won’t get hit with these costs however these charges are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you enter into the help section this isn’t the overnight charges information you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which only uses as i said to cfds there are some added fees naturally depending upon what you are investing in also this is on your own so keep that in mind but full costs are totally within their assistance info okay and we spoke about in addition to free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal 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 2 different methods of really utilizing these copy functions they do not have any additional charges on top of the normal charges that
are there now what you require to remember though is these possibly handled by other people completely or often have actually produced portfolios you have actually got a real individual doing the management you need to make sure you select the person that’s right for you similar to any profession this is your monetary assets so we absolutely require to make certain it’s the best individual for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of different 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 option to invest genuine money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your charge card information or anything you can essentially have this virtual portfolio mimic as if you are using your own money but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine money possibly this is an excellent alternative for you once again to test the theories fine you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe play with it certainly you may have missed out on gains and losses throughout that time obviously if you had invested your real cash it permits you to construct confidence understand the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind before you pick someone 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 investments the riskier you can be run the risk of simply indicates am i alright with potentially losing an excellent quantity of this investment or getting as
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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the fact 75 people will lose cash however that similarly implies they’ll lose at some time in their journey obviously people do make money also and i have actually got videos all about how you can make certain you’re one of the people to actually make money however in this situation ensure you research study your risk level would you be okay giving your money to someone else which is successfully what you’re doing and trusting them make sure you understand what they’re investing in completely if you’re somebody who isn’t wanting to be that dangerous don’t select someone who’s completely into crypto or currency conversion think of it you ‘d probably desire a foundation of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually use this too really quickly over here you can copy individuals now it will offer you a great deal of choices and you can use the system to in fact search for someone that you expensive in fact following so let’s see perhaps we desire somebody from united kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can find everybody who has actually met that requirements and it does provide you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of people that have rather high returns
bear 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 four or minus 50 there’s no other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to confirm are you okay with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can actually 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 great to understand 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 buy too which is good so actually for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the type of main food business and you have actually got you understand pharmaceutical and production companies as that. Fabian Gerspacher Etoro.
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