We get htis a lot on our site the answer to Social Trading Etoro….Concerns that i hear from new investors what if you’re brand new to investing you just do not wish to decide what you in fact want to invest and you desire somebody to do it for you there’s just a number of ways that that can take place the firstly you can work with an investment portfolio manager they’ll normally charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular funds are created 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 as well now if you’re brand new to an overall please keep in mind this platform is rather sophisticated you can do cfds which obviously cfds are ways of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform don’t simply assume since i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they give that alternative also so you really get utilized 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 of course your capital is at danger this is investing we’re doing you’re purchasing real business if you pick to in this specific video we’re talking about how to copy other people’s investments with your money so obviously your capital is at risk and we have to bear that in mind do not just do something because that person has actually said they have actually made revenue 14 months in a row invest in these options since you think is the best ones for you and that being said let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one element that is most likely.
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popular for it’s the option to see what other traders are doing extraordinary 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 implies with our cash we can really state i want to do precisely what that trader is doing or match that specific portfolio of alternatives and generally every time they make a trade they buy they offer whatever they do your money will be simulated with it so that suggests if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the fees involved really crucial you comprehend what are the costs of this now with any platform there will be some expense to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the no charge sites then might not charge you for in fact buying and selling funds or etfs individual products private stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to know prior to you in fact start purchasing copy trading or copy portfolios and lastly some best recommendations best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with charges truly crucial to comprehend these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling okay so commission charges are complimentary nevertheless there are a couple of other costs the first one is withdrawal costs 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 instantly converted into us dollars and i’ll cover a little point about that later on but when you wish 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 obviously knowing that i’m going to make certain that i’m only withdrawing when i definitely need to now you might state okay that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are simply among those options that they have a lot of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every six months you understand depends entirely how you’re investing however that is a cost to remember the 2nd cost that i’ve touched upon is that conversion fee now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re utilizing trading two and two open market anybody this is standard they have actually i expect stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you wish to utilize their platform go from uk to us then that conversion fee exists what are they in fact giving 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 provide me us dollars instead you have to pay their fees now the great feature of though when you have actually transformed your money you do not have to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s truly great using that part of their website won’t certainly restrict you in any way nevertheless we have to understand two other costs the first being what’s called spread charges fine and i’m going to show you what i indicate on now a spread charge as i’m going to show you
on is essentially the distinction that is part of the investment platform between the buy rate and the list 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 right now tesla’s dollar worth 599 per share in tesla that actually means that when you want to buy or sell as you can see it’s not the price you’re seeing up here let me show you that once again so the existing rate of tesla is the value of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to offer so they’re going to offer you less back with your sale and you say all right well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to offer it which is how they make a little bit of cash on those spread costs it’s usually extremely 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 money now the last accomplishment is called an
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over night cost now this is truly important if you’re really using cfds yourself too an over night charge is when you’re not doing that buy sell transaction in the exact same day all right there’s then an over night fee charged and even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one leverage which suggests you’re really purchasing the exact asset rather than utilizing take advantage of anyway you won’t get hit with these costs but these charges are if you’re utilizing take advantage of 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 help area this isn’t the overnight fees info you can see exactly the breakdown and it’ll tell 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 stated to cfds there are some added fees obviously depending upon what you are investing in too this is on your own so keep that in mind but full costs are completely within their assistance info fine and we spoke about 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 have actually said copy trading and copy portfolios are two various methods of really using these copy works they don’t have any additional costs on top of the typical fees that
exist now what you need to keep in mind though is these possibly handled by other individuals completely or sometimes have developed portfolios you’ve got a real individual doing the management you need to make sure you select the individual that’s right for you much like any profession this is your monetary properties so we definitely require to make certain it’s the right person 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 alternatives for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your charge card details or anything you can generally have this virtual portfolio simulate as if you are utilizing your own cash however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine cash perhaps this is a fantastic alternative for you once again to evaluate the theories alright you may wish to buy tesla or apple or this etf why not use the virtual choice as a method to type of safe have fun with it certainly you may have missed out on gains and losses during that time of course if you had invested your real cash it permits you to build confidence comprehend 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 in fact how to copy people and copy portfolios now here’s something to keep in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make certain 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 suggests am i alright with potentially losing an excellent amount of this investment or acquiring as
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well now keep in mind everything is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 people will lose cash however that equally indicates they’ll lose at some point in their journey obviously people do make money as well and i’ve got videos everything about how you can make sure you’re one of the people to in fact generate income however in this circumstance make sure you research study your danger level would you be all right providing your money to another person which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing fully if you’re someone who isn’t wishing to be that dangerous don’t pick someone who’s completely into crypto or currency conversion consider it you ‘d probably desire 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 exact same with who you’re following now as i say you can actually use this too truly easily over here you can copy individuals now it will give you a lot of options and you can use the system to really search for somebody that you fancy really following so let’s see maybe we want somebody from unified kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has satisfied that requirements and it does offer you a threat 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 number of individuals that have quite high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not imply 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 basic as clicking the copy button and off you go and then you understand ask you to verify 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 in fact deep dive into what is she actually buying 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 understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is great so in fact for me knowing what i like to invest in 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 likewise got a bit more um of the type of main food business and you’ve got you understand pharmaceutical and production companies as that. Social Trading Etoro.
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