We get htis a lot on our site the answer to Xad Etoro….Concerns that i hear from new investors what if you’re brand new to investing you merely don’t want to choose what you really want to invest and you want somebody 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 supervisor they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is of course you can buy 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 as well now if you’re brand new to a total please bear in mind this platform is rather sophisticated you can do cfds which obviously cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform do not simply presume because i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they give that alternative also so you really get utilized to the structure of the website and then 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 purchasing 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 risk and we need to bear that in mind do not just do something since that person has said they’ve made profit 14 months in a row invest in these options because you think is the best ones for you which being said let’s dive straight in [Music] so 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 most likely.
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well-known for it’s the choice to see what other traders are doing extraordinary we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can actually state i want to do exactly what that trader is doing or match that precise portfolio of alternatives and basically each time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that suggests if for instance 10 of their 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 costs involved really crucial you understand what are the costs of this now with any platform there will be some cost to obviously these are real companies 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 charge sites then may not charge you for really buying and selling etfs or funds private products individual stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re altering 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 charges with in particular in this video the next would be things to understand prior to you actually start purchasing copy trading or copy portfolios and finally some best recommendations finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s begin with charges truly important to comprehend these now on there’s a number of costs there isn’t charges to do with actually buying and selling all right so commission fees are free however there are a couple of other costs the very first one is withdrawal costs so you can certainly put cash in now if you remain in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your cash so you offer your shares you sell your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to ensure that i’m only withdrawing when i absolutely need to now you might say all right 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 someplace and withdrawal fees are simply among those alternatives that they have a great deal of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you understand depends totally how you’re investing however that is a cost to bear in mind the 2nd cost that i have actually touched upon is that conversion charge now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading 2 and two open market anybody this is standard they have actually i expect stuck to whatever charge they charge for that conversion rate you type of need to accept you know if you want to utilize their platform go from uk to us then that conversion charge exists what are they actually offering 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 say give me us dollars rather you need to pay their costs now the fantastic thing about though when you have actually transformed your money you do not need to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the initial 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 costs so that’s truly great using that part of their website won’t definitely limit you in any way however we need to be aware of two other charges the first being what’s called spread charges alright and i’m going to show you what i mean on now a spread fee as i’m going to show you
on is basically the distinction that belongs to the financial investment platform in between the buy rate 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 website right now tesla’s dollar worth 599 per share in tesla that actually implies that when you wish 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 present cost of tesla is the worth of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll find this all over this is another manner in which they make a percentage of benefit from you whenever you do a purchaser’s share so keep that in mind clearly it’s more costly to purchase than it is to offer so they’re going to provide you less back with your sale and you state okay well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you want to offer it which is how they make a 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 location every investment company will again make a bit money now the last task is called an
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overnight cost now this is actually important if you’re really utilizing cfds yourself also an over night fee is when you’re not doing that buy sell transaction in the same day okay there’s then an overnight charge charged and even if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one utilize which suggests you’re really purchasing the specific asset rather than using utilize anyhow you won’t get hit with these charges but these fees are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s state if you go into the aid area this isn’t the overnight charges details you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which only applies as i said to cfds there are some service charges of course depending on what you are investing in as well this is on your own so keep that in mind however full costs are totally within their help info alright and we discussed in addition to totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two various ways of really utilizing these copy functions they do not have any additional fees on top of the typical fees that
are there now what you need to keep in mind though is these potentially managed by other individuals totally or in some cases have created portfolios you’ve got a real individual doing the management you have to ensure you select the individual that’s right for you just like any line of work this is your financial properties so we definitely need to make certain it’s the best person for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of different choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the option to invest real 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 require to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are using your own money but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money possibly this is a fantastic alternative for you again to evaluate the theories all right you might wish to purchase tesla or apple or this etf why not use the virtual choice as a method to type of safe have fun with it obviously you might have lost out on gains and losses during that time obviously if you had invested your genuine cash it allows you to construct self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my genuine 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 prior to you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i suggest by that clearly 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 risk just implies am i alright with possibly losing an excellent quantity of this financial investment or gaining as
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well now keep in mind everything is downs and ups you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose cash but that similarly indicates they’ll lose eventually in their journey undoubtedly individuals do generate income too and i’ve got videos all about how you can make certain you are among individuals to in fact earn money however in this circumstance make certain you research your danger level would you be alright offering your cash to another person which is effectively what you’re doing and trusting them make certain you comprehend what they’re purchasing totally if you’re somebody who isn’t wishing to be that risky don’t select someone who’s totally into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong commodities
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like gold and even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact use this too truly easily over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to really look for somebody that you expensive really following so let’s see possibly we desire somebody from joined kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has met that requirements and it does give you a danger aspect too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have rather high returns
keep 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 could make 4 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 know ask you to validate are you fine with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she in fact buying 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 understand ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is excellent so really for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s also got a bit more um of the sort of primary food business and you’ve got you understand pharmaceutical and production business as that. Xad Etoro.
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