We get htis a lot on our site the answer to Profi Etoro….Questions that i speak with new investors what if you’re brand new to investing you simply don’t want to decide what you actually want to invest and you want someone to do it for you there’s just a couple of manner ins which that can take place the to start with you can hire an investment portfolio manager they’ll normally charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is obviously you can purchase mutual funds specific funds are produced 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 quite innovative you can do cfds which naturally cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re learning more about please do study the platform do not just presume since i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that option as well so you in fact get utilized to the structure of the website and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re investing in genuine companies if you select to in this particular video we’re talking about how to copy other individuals’s investments with your cash so clearly your capital is at danger and we have to bear that in mind do not simply do something since that individual has actually said they’ve made revenue 14 months in a row invest in these choices since you believe is the right 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 alternative to see what other traders are doing incredible we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can in fact say i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and basically every time they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that means if for instance 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 fees involved truly vital you comprehend 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 buying the selling for you there’s going to be charges included and even some of the absolutely no charge sites then may not charge you for in fact buying and selling funds or etfs specific products individual stocks.
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there’ll be fees on other parts maybe 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 reveal you the charges with in particular in this video the next would be things to understand prior to you in fact begin purchasing copy trading or copy portfolios and lastly some finest guidance finest practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s start with fees truly essential to understand these now on there’s a number of charges there isn’t costs to do with really buying and selling fine so commission fees are totally free nevertheless there are a number of other fees the first one is withdrawal costs 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 wish to withdraw your cash so you sell your shares you offer your commodities whatever you’re selling the minimum amount 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 require to now you may say alright that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are simply among those alternatives that they have a great deal of platforms undoubtedly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every six months you understand depends completely how you’re investing however that is a cost to keep in mind the 2nd cost that i’ve discussed is that conversion fee 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 fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps 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 free trade anybody this is basic they have actually i suppose stuck to whatever fee they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion fee is there what are they in fact giving you in terms of 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 give me us dollars rather you have to pay their charges now the excellent aspect of however when you’ve transformed your cash you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that implies 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 extra charges so that’s really great utilizing that part of their site will not certainly restrict you in any way nevertheless we have to be aware of 2 other fees the first being what’s called spread charges alright and i’m going to show you what i indicate on now a spread cost as i’m going to show you
on is essentially the distinction that becomes part of the investment platform between the buy cost and the sale price all right 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 purchase or offer as you can see it’s not the price you’re seeing up here let me reveal you that again so the existing rate of tesla is the worth of a share what’s called spread charges is the distinction then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you say fine well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a bit of money on those spread out fees it’s generally incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a bit money now the last feat is called an
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over night fee now this is truly crucial if you’re really using cfds yourself too an over night charge is when you’re refraining from doing that buy sell transaction in the same day fine there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which suggests you’re actually purchasing the exact possession rather than using utilize anyhow you won’t get hit with these charges however these costs are if you’re using utilize and cfds and after that you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you enter into the aid area this isn’t the over night fees info 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 over night or you’re doing over weekends which only applies as i stated to cfds there are some additional charges naturally depending upon what you are purchasing also this is on your own so keep that in mind however complete fees are entirely within their help information all right and we talked about as well as free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of actually utilizing these copy operates they don’t have any extra charges on top of the normal charges that
are there now what you require to keep in mind though is these possibly handled by other people completely or sometimes have created portfolios you have actually got a genuine person doing the management you need to make sure you pick the individual that’s right for you similar to any line of work this is your monetary possessions so we absolutely require to ensure it’s the right individual for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a number of different alternatives 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 genuine cash or a virtual platform virtual means 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 need to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are using your own money but really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money possibly this is a great alternative for you once again to check the theories all right you might wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe play with it undoubtedly you may have lost out on gains and losses throughout that time naturally if you had invested your genuine money it enables you to build self-confidence understand the platform so that’s one choice 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 individuals and copy portfolios now here’s something to remember before you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i mean by that undoubtedly 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 just implies am i alright with potentially losing a good amount of this financial investment or acquiring as
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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 people will lose money however that similarly implies they’ll lose at some time in their journey certainly individuals do make money too and i’ve got videos all about how you can make certain you are among individuals to really make money but in this scenario make certain you research study your risk level would you be fine offering your money to somebody else which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing completely if you’re somebody who isn’t wanting to be that dangerous don’t pick someone who’s entirely into crypto or currency conversion think of it you ‘d probably want a foundation of strong commodities
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like gold and even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very 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 provide you a great deal of choices and you can utilize the system to in fact search for somebody that you elegant actually following so let’s see maybe we want someone from joined kingdom um who buys 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 discover everyone who has actually satisfied that criteria and it does provide you a risk factor also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have quite high returns
remember it’s like anything to do with the news or forecasts 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 chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to validate 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 in fact buying 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 know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got some of mine actually that i buy too which is great so in fact for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she prefers she’s also got a bit more um of the type of primary food business and you have actually got you know pharmaceutical and production business as that. Profi Etoro.
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