We get htis a lot on our site the answer to Phantom Deals Etoro….Questions that i hear from brand-new financiers what if you’re brand new to investing you merely don’t want to choose what you actually want to invest and you want somebody to do it for you there’s only a number of manner ins which that can occur the firstly you can hire an investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps one or two percent of your profits will go to them the other thing is of course you can purchase mutual funds particular funds are produced once 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 too now if you’re brand new to an overall please remember this platform is quite advanced you can do cfds which of course cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform don’t simply assume because i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they give that option as well so you actually get utilized to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re discussing how to copy other people’s financial investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not just do something since that person has actually stated they’ve made profit 14 months in a row invest in these options since you think is the right ones for you which being stated let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.
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well-known for it’s the alternative to see what other traders are doing unbelievable we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can actually state i wish to do exactly what that trader is doing or match that exact portfolio of options and generally every time they make a trade they buy they offer whatever they do your cash will be simulated with it so that indicates 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 involved actually crucial 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 included and even a few of the zero charge sites then might not charge you for in fact buying and selling funds or etfs private products private 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 sort of fees 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 prior to you actually begin investing in copy trading or copy portfolios and lastly some finest suggestions finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s start with costs truly crucial to understand these now on there’s a number of costs there isn’t charges to do with in fact buying and selling okay so commission charges are totally free nevertheless there are a couple of other charges the very first one is withdrawal fees so you can obviously put cash in now if you’re 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 in the future but when you wish to withdraw your cash so you sell your shares you sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m only withdrawing when i absolutely need to now you might say fine 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 simply one of those choices that they have a lot of platforms clearly are totally free 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 know depends completely how you’re investing however that is a charge to keep in mind the 2nd fee that i have actually 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 fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading 2 and two open market anybody this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion cost is there what are they actually offering 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 instead you need to pay their costs now the excellent aspect of though when you have actually transformed your money you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that means the initial day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s truly great utilizing that part of their site will not definitely limit you in any way nevertheless we have to understand two other fees the first being what’s called spread fees okay and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is basically the difference that becomes part of the investment platform between the buy price and the price fine 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 really suggests that when you wish to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the present cost of tesla is the worth of a share what’s called spread fees is the distinction then really to purchase that share on the platform and you’ll find this all over this is another way that they make a small amount of make money from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to sell so they’re going to offer you less back with your sale and you state all right well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to offer it and that is how they make a little bit of cash on those spread fees it’s usually exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a bit cash now the last feat is called an
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overnight charge now this is really important if you’re really using cfds yourself as well an overnight charge is when you’re not doing that buy sell transaction in the exact same day fine there’s then an over night charge charged and even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one leverage which means you’re in fact buying the exact possession rather than utilizing take advantage of anyway you will not get hit with these charges however these costs 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 state if you enter into the aid area this isn’t the over night 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 over night or you’re doing over weekends and that only uses as i stated to cfds there are some added fees obviously depending on what you are buying as well this is on your own so keep that in mind however full fees are totally within their assistance info okay and we discussed as well as free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of really using these copy works they don’t have any extra costs on top of the typical costs that
exist now what you require to bear in mind though is these possibly handled by other people completely or often have actually created portfolios you have actually got a genuine individual doing the management you have to make sure you select the individual that’s right for you just like any line of work this is your monetary properties so we absolutely need to ensure it’s the right person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a couple of various options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash 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 require to put in your charge card information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real cash possibly this is a great option for you again to check the theories fine you may wish to buy tesla or apple or this etf why not use the virtual alternative as a method to type of safe have fun with it undoubtedly you may have missed out on gains and losses during that time naturally if you had actually invested your genuine cash it allows you to build self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back 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 someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i suggest by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of just implies am i alright with possibly losing a great amount of this financial investment or acquiring as
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well now remember whatever is ups and downs you will earn money you’ll lose cash that’s why they make the statistic 75 people will lose cash however that equally implies they’ll lose at some point in their journey undoubtedly individuals do generate income also and i’ve got videos all about how you can make certain you’re one of the people to in fact earn money but in this situation make certain you research study your risk level would you be okay giving your cash to someone else which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re somebody who isn’t wanting to be that risky don’t choose somebody who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products
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like gold and even oil plus more traditional 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 state you can really utilize this too actually easily over here you can copy people now it will provide you a great deal of options and you can use the system to really look for someone that you elegant actually following so let’s see maybe we want somebody from joined kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has actually met that requirements and it does offer you a threat factor as well 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 people that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they might 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 then you understand ask you to confirm are you all right with this and off you go now another method to actually 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 actually purchasing so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good 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 really that i purchase too which is good so really for me understanding what i like to invest in my private 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 main food companies and you’ve got you understand pharmaceutical and production business as that. Phantom Deals Etoro.
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