We get htis a lot on our site the answer to Grecia Etoro….Questions that i speak with new investors what if you’re brand new to investing you just do not wish to choose what you really wish to invest and you desire someone to do it for you there’s just a couple of ways that that can take place the first off you can hire an investment portfolio manager they’ll normally charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds particular funds are produced 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 remember this platform is rather innovative you can do cfds which naturally 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 don’t just assume since i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they give that choice as well so you in fact 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 investing in real business if you select to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so certainly your capital is at risk and we need to bear that in mind do not just do something since that person has actually said they have actually made earnings 14 months in a row buy these options because you believe is the right ones for you and that being stated let’s dive straight in [Music] so 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 aspect that is probably.
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popular for it’s the alternative to see what other traders are doing amazing we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can actually say i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and essentially whenever they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that implies if for example 10 of their financial 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 charges included really vital you comprehend what are the costs of this now with any platform there will be some cost to certainly these are real companies 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 no charge sites then may not charge you for actually buying and selling etfs or funds specific products individual 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 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 before you in fact begin purchasing copy trading or copy portfolios and lastly some finest suggestions best practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s start with costs really essential to comprehend these now on there’s a couple of charges there isn’t fees to do with actually buying and selling fine so commission fees are complimentary however there are a number of other costs the very first one is withdrawal charges so you can undoubtedly put money in now if you’re in the uk we put our uk cash.
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and it’s automatically 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 offer your commodities 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 ensure that i’m only withdrawing when i definitely require to now you might say all right that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are just one of those alternatives that they have a lot of platforms obviously 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 as soon as every 6 months you understand depends completely how you’re investing but that is a fee to bear in mind the 2nd fee that i’ve discussed is that conversion charge now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s fine that matches me.
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a lot 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 fee now when you utilize anybody so if you’re using trading 2 and 2 free trade anybody this is standard they have i expect stuck with whatever fee they charge for that conversion rate you kind of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee exists what are they actually providing 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 have to pay their fees now the great aspect of though when you’ve 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 implies the initial 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 fees so that’s actually excellent using that part of their site won’t certainly restrict you in any way however we need to be aware of 2 other costs the very first being what’s called spread fees okay and i’m going to show you what i indicate on now a spread cost as i’m going to reveal you
on is basically the difference that becomes part of the investment platform in between the buy price and the list price alright 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 worth 599 per share in tesla that in fact means that when you want to buy or offer as you can see it’s not the cost you’re seeing up here let me show you that once again so the present cost of tesla is the value of a share what’s called spread fees is the distinction then in fact to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of benefit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you say okay well why does that occur it just 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 want to offer it which is how they make a little bit of money on those spread out costs it’s usually incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a little bit cash now the last feat is called an
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overnight cost now this is really crucial if you’re really using cfds yourself also an over night charge is when you’re refraining from doing that buy sell transaction in the same day alright there’s then an over night charge charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which means you’re in fact buying the precise asset rather than using leverage anyhow you won’t get hit with these charges however these charges 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 state if you go into the aid area this isn’t the overnight costs details you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that just applies as i said to cfds there are some surcharges obviously depending upon what you are investing in too this is on your own so keep that in mind but complete charges are entirely within their help details all right and we talked about in addition to totally free to deposit in but there’s a 5 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 fee 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 operates they do not have any additional fees on top of the regular fees that
exist now what you need to remember though is these potentially handled by other individuals totally or often have actually produced portfolios you have actually got a genuine individual doing the management you have to make sure you select the person that’s right for you much like any kind of work this is your financial assets so we definitely require to make certain it’s the ideal individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of different options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun 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 generally have this virtual portfolio mimic as if you are utilizing your own money but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real cash possibly this is a great option for you once again to evaluate the theories okay you may wish to buy tesla or apple or this etf why not use the virtual choice as a method to sort of safe play with it clearly you may have lost out on gains and losses throughout that time naturally if you had invested your real money it enables you to develop 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 actually how to copy people and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i imply by that clearly 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 simply indicates am i alright with potentially losing a good quantity of this financial investment or acquiring as
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well now remember everything is downs and ups you will earn money you’ll lose cash that’s why they make the fact 75 individuals will lose cash but that similarly implies they’ll lose at some point in their journey clearly individuals do earn money also and i have actually got videos all about how you can ensure you are among the people to in fact make money however in this scenario ensure you research your risk level would you be okay providing your cash to someone else which is effectively what you’re doing and trusting them make certain you comprehend what they’re buying completely if you’re someone who isn’t wanting to be that risky do not select someone who’s totally into crypto or currency conversion think about it you ‘d probably want a foundation of strong products
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like gold and even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really utilize this too truly quickly over here you can copy individuals now it will offer you a lot of choices and you can use the system to actually search for somebody that you expensive really following so let’s see maybe we desire somebody from unified kingdom um who buys 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 everybody who has actually satisfied that requirements and it does give you a risk element also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals 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 imply someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to validate are you okay 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 in fact deep dive into what is she really purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got a few of mine really that i buy too which is good so in fact for me understanding what i like to invest in 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 bit more um of the sort of main food companies and you have actually got you know pharmaceutical and production business as that. Grecia Etoro.
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