We get htis a lot on our site the answer to No Tp Etoro….Questions that i speak with new investors what if you’re brand new to investing you merely don’t wish to choose what you in fact want to invest and you want someone to do it for you there’s only a number of ways that that can happen the firstly you can work with an investment portfolio manager they’ll generally charge a rather a high premium to do that possibly one or two percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific 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 an overall please bear in mind 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 full amount of capital so with anything that you’re discovering please do study the platform don’t just assume because 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 choice too so you really get used to the structure of the website and then when you’re ready to use 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 genuine 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 undoubtedly your capital is at threat and we have to bear that in mind do not just do something because that individual has stated they’ve made earnings 14 months in a row invest in these options since you think is the ideal ones for you which being stated let’s dive directly 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 aspect that is probably.
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well-known for it’s the option to see what other traders are doing extraordinary we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can actually state i wish to do precisely what that trader is doing or match that precise portfolio of choices and essentially whenever they make a trade they purchase they offer whatever they do your money will be mimicked with it so that implies 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 also cover is the costs involved really important you understand what are the costs of this now with any platform there will be some cost to undoubtedly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the absolutely no fee websites then might not charge you for actually buying and selling funds or etfs private products private 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 kinds of costs 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 understand before you actually start purchasing copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s begin with fees truly essential to comprehend these now on there’s a number of costs there isn’t charges to do with really buying and selling alright so commission charges are free however there are a couple of other charges the first one is withdrawal charges so you can certainly put money in now if you remain in the uk we put our uk cash.
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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 want to withdraw your cash 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 5 dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m just withdrawing when i absolutely require to now you might state alright 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 someplace and withdrawal costs are simply among those options that they have a great deal of platforms clearly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely 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 second charge that i’ve discussed is that conversion charge now with you’re dealing in us dollars just there’s not an option to buy in euros or uk and that’s great that suits 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 anybody so if you’re utilizing trading two and two free trade anybody this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you kind 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 actually giving 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 say give me us dollars instead you need to pay their charges now the excellent thing about however when you’ve transformed your money you do not need to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s really excellent utilizing that part of their site won’t definitely limit you in any way however we have to know two other costs the first being what’s called spread costs okay and i’m going to reveal you what i mean on now a spread cost as i’m going to show you
on is essentially the distinction that belongs to the financial investment platform in between the buy cost and the sale price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that in fact suggests that when you wish to buy 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 price of tesla is the worth of a share what’s called spread costs is the difference then really to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you each time you do a purchaser’s share so keep that in mind clearly it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you say alright well why does that happen it just 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 which is how they make a bit of cash on those spread out fees it’s generally 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 bit cash now the last task is called an
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over night fee now this is truly essential if you’re in fact utilizing cfds yourself too an overnight cost is when you’re refraining from doing that buy offer deal in the very same day fine there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which suggests you’re in fact buying the precise possession rather than utilizing leverage anyhow you will not get hit with these fees however these charges are if you’re using utilize 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 aid section this isn’t the overnight fees information you can see exactly the breakdown and it’ll inform 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 applies as i stated to cfds there are some surcharges obviously depending upon what you are buying also this is on your own so keep that in mind but full fees are completely within their assistance information alright 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 normal product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two various methods of really using these copy operates they do not have any additional costs on top of the typical fees that
are there now what you require to remember though is these possibly handled by other individuals completely or often have produced portfolios you have actually got a genuine person doing the management you have to make sure you pick the individual that’s right for you much like any profession this is your financial properties so we definitely need to make sure 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’ve got a number of different choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual means 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 require to put in your charge card information or anything you can essentially have this virtual portfolio simulate as if you are using your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine money maybe this is a fantastic choice for you again to test the theories okay you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to sort of safe have fun with it clearly you may have missed out on gains and losses during that time obviously if you had actually invested your real money it permits you to develop self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to remember prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i indicate by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just implies am i fine with possibly losing an excellent amount of this financial investment or getting as
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well now remember whatever is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 people will lose cash but that equally indicates they’ll lose eventually in their journey obviously individuals do generate income also and i’ve got videos all about how you can make sure you are among individuals to actually generate income but in this circumstance make certain you research your risk level would you be all right giving your money to someone else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re buying totally if you’re somebody who isn’t wanting to be that risky do not pick someone who’s completely into crypto or currency conversion think about it you ‘d probably want a foundation of strong products
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like gold or perhaps oil plus more standard 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 actually utilize this too really easily over here you can copy people now it will provide you a great deal of choices and you can utilize the system to in fact look for somebody that you elegant in fact following so let’s see perhaps we desire someone from united kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a good quantity and i can discover everybody who has actually met that criteria and it does offer you a threat element also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of people that have rather high returns
keep in mind it resembles 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 guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to confirm are you alright with this and off you go now another method 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 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 good to know ibm paypal yep she’s certainly 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 excellent so in fact for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s also got a little bit more um of the sort of primary food companies and you’ve got you understand pharmaceutical and production companies as that. No Tp Etoro.
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