We get htis a lot on our site the answer to Sponsor Etoro Football….Questions that i speak with brand-new investors what if you’re brand new to investing you simply do not wish to decide what you actually wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can happen the first of all you can work with a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are developed 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 also now if you’re brand new to a total please keep in mind this platform is rather innovative you can do cfds which naturally cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform do not simply assume because i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that choice also so you really get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re purchasing genuine companies if you pick to in this specific video we’re talking about how to copy other individuals’s financial investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not just do something because that person has said they’ve made revenue 14 months in a row buy these options since you think is the best ones for you which being said let’s dive straight in [Music] The things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it’s 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 amazing we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can actually say i wish to do precisely what that trader is doing or match that precise portfolio of options and generally whenever they make a trade they buy they sell whatever they do your money will be imitated with it so that implies if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs involved truly vital you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero cost websites then may not charge you for really buying and selling etfs or funds individual products specific 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 type of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to understand before you in fact begin buying copy trading or copy portfolios and finally some finest recommendations best practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s begin with costs really 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 complimentary nevertheless there are a couple of other costs the first one is withdrawal charges so you can obviously put cash in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your cash so you sell your shares you offer your products 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 naturally understanding that i’m going to make certain that i’m only withdrawing when i definitely need to now you may say all right that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are just among those options 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 six months you understand depends totally how you’re investing however that is a cost to keep in mind the second fee that i have actually discussed is that conversion fee now with you’re handling us dollars only there’s not a choice to purchase in euros or uk which’s great that fits me.
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a great deal of my stocks are us dollar stocks anyhow 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 use anybody so if you’re using trading two and two free trade anyone at all this is basic they have actually i suppose stuck to whatever fee they charge for that conversion rate you type of have to accept you understand if you wish to use their platform go from uk to us then that conversion cost exists what are they actually 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 state provide me us dollars rather you need to pay their costs now the great feature of however when you have actually transformed your cash you do not need to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that indicates 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 extra charges so that’s truly excellent using that part of their website will not definitely restrict you in any way however we have to know 2 other costs the first being what’s called spread charges alright and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is generally the difference that is part of the financial investment platform in between the buy price and the list price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that actually suggests that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me show you that once again so the present price of tesla is the worth of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind certainly it’s more costly to purchase than it is to sell so they’re going to provide you less back with your sale and you state alright well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to offer it and that is how they make a little bit of cash on those spread out charges it’s generally exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit money now the last task is called an
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overnight fee now this is really important if you’re actually utilizing cfds yourself as well an overnight cost is when you’re refraining from doing that buy sell transaction in the very same day alright there’s then an over night cost charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one leverage which suggests you’re in fact buying the precise property instead of using utilize anyway you won’t get hit with these fees however these charges are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s state if you go into the aid section this isn’t the overnight fees information 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 uses as i said to cfds there are some service charges obviously depending on what you are buying as well this is on your own so keep that in mind however complete costs are totally within their aid details alright and we discussed in addition to free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of in fact using these copy works they do not have any extra fees on top of the typical charges that
are there now what you need to keep in mind though is these potentially managed by other people totally or sometimes have developed portfolios you have actually got a real person doing the management you have to make sure you choose the person that’s right for you just like any kind of work this is your monetary properties so we definitely require to make certain it’s the best individual for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of different alternatives for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun 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 basically have this virtual portfolio simulate as if you are utilizing your own cash but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money perhaps this is an excellent option for you again to test the theories fine you may want to purchase tesla or apple or this etf why not utilize the virtual option as a way to type of safe have fun with it undoubtedly you may have lost out on gains and losses during that time obviously if you had actually invested your genuine cash it permits you to construct confidence comprehend 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 actually how to copy people and copy portfolios now here’s something to keep in mind prior to you pick somebody 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 suggest by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just indicates am i alright with potentially losing an excellent quantity of this financial investment or getting as
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well now keep in mind everything is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose cash but that similarly indicates they’ll lose at some time in their journey clearly individuals do generate income also and i’ve got videos all about how you can make sure you’re one of the people to in fact make money but in this situation ensure you research your threat level would you be fine giving your cash to another person which is efficiently what you’re doing and trusting them make certain you comprehend what they’re purchasing totally if you’re someone who isn’t wanting to be that risky don’t select somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong products
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like gold or perhaps oil plus more traditional 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 state you can really utilize this too really quickly over here you can copy people now it will give you a lot of options and you can utilize the system to really search for someone that you expensive really following so let’s see possibly we desire someone from joined 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 find everybody who has satisfied that requirements and it does provide you a risk factor as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of people that have quite high returns
bear in mind it resembles 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 four or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to verify are you fine 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 actually deep dive into what is she in fact purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine actually that i purchase too which is good so actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the kind of main food business and you’ve got you understand pharmaceutical and production companies as that. Sponsor Etoro Football.
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