We get htis a lot on our site the answer to Etoro Color Stars….Questions that i speak with new financiers what if you’re brand new to investing you just don’t want to choose what you actually wish 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 first off you can work with a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that possibly one or two percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are created 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 quite sophisticated you can do cfds which of course cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform do not simply presume since i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they consider that choice as well so you really get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in real companies if you select to in this specific video we’re discussing how to copy other individuals’s investments with your money so clearly your capital is at threat and we need to bear that in mind do not just do something because that individual has actually stated they have actually made profit 14 months in a row buy these choices since you think is the best ones for you and that being stated let’s dive directly 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 belongs to social trading which is one element that is most likely.
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well-known for it’s the alternative to see what other traders are doing amazing we do not normally 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 really state i want to do exactly what that trader is doing or match that exact portfolio of options and generally each time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that implies if for example 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 included really crucial you understand what are the expenses of this now with any platform there will be some cost to certainly 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 some of the no cost sites then might not charge you for actually buying and selling funds or etfs individual commodities individual stocks.
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there’ll be costs 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 fees with in particular in this video the next would be things to understand before you in fact start investing in copy trading or copy portfolios and lastly some best suggestions best practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s start with fees really important to comprehend these now on there’s a number of fees there isn’t costs to do with really buying and selling alright so commission costs are totally free however there are a number of other costs the first one is withdrawal costs so you can clearly put money in now if you’re in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your money so you offer your shares you offer your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to ensure that i’m only withdrawing when i absolutely require to now you might say okay that’s quite costly 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 among those options that they have a great deal of platforms clearly are totally 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 when every six months you know depends totally how you’re investing however that is a cost to keep in mind the 2nd fee that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an option to buy 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 excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading 2 and two open market anyone at all this is standard they have 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 cost exists what are they really offering 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 give me us dollars rather you have to pay their costs now the fantastic feature of though when you’ve transformed your cash you do not have to invest it right away that dollar worth can sit in your portfolio as cash 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 extra fees so that’s actually excellent utilizing that part of their website won’t definitely limit you in any way however we need to be aware of two other charges the very first being what’s called spread fees okay and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you
on is essentially the distinction that belongs to the financial investment platform in between the buy cost and the price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that really means 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 again so the present cost of tesla is the worth of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of profit from you whenever 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 give you less back with your sale and you say alright well why does that happen 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 sell it which is how they make a bit of cash on those spread out charges it’s normally extremely little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit cash now the last accomplishment is called an
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over night charge now this is actually important if you’re actually using cfds yourself too an overnight cost is when you’re refraining from doing that buy offer transaction in the same day fine there’s then an overnight charge charged and even if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which means you’re actually buying the precise asset instead of utilizing leverage anyway you won’t get hit with these charges however these charges are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the exact same day so let’s state if you go into the aid section this isn’t the over night fees details you can see precisely the breakdown and it’ll tell 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 said to cfds there are some additional charges of course depending on what you are investing in as well this is on your own so keep that in mind however complete fees are completely within their assistance info fine and we discussed along with complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of in fact using these copy functions they do not have any additional charges on top of the typical fees that
are there now what you need to remember though is these possibly handled by other individuals entirely or often have actually created portfolios you have actually got a real individual doing the management you have to ensure you select the individual that’s right for you just like any kind of work this is your financial properties so we definitely require to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to use this function we’ve got a couple of various options for us firstly 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 means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your credit card details or anything you can essentially have this virtual portfolio mimic as if you are using your own money but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money maybe this is a terrific option for you once again to evaluate the theories alright you might want to purchase tesla or apple or this etf why not utilize the virtual choice as a method to sort of safe have fun with it undoubtedly you may have lost out on gains and losses throughout that time obviously if you had invested your genuine cash it enables you to develop self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact 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 certain you understand what your danger profile is now what do i mean by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk just suggests am i fine with possibly losing an excellent quantity of this financial investment or acquiring as
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well now remember whatever is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose money however that similarly indicates they’ll lose at some point in their journey undoubtedly individuals do earn money too and i’ve got videos all about how you can make certain you’re one of the people to actually make money however in this circumstance make certain you research study your threat level would you be okay offering your money to another person which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in completely if you’re somebody who isn’t wanting to be that risky do not pick somebody who’s entirely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really utilize this too truly easily over here you can copy individuals now it will offer you a great deal of options and you can use the system to really search for somebody that you expensive actually following so let’s see possibly we desire someone from joined kingdom um who buys let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a great amount and i can discover everyone who has actually satisfied that requirements and it does offer you a danger 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 individuals 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 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 know ask you to confirm are you fine with this and off you go now another way to actually deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she really buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is excellent so actually for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a great 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 have actually got you understand pharmaceutical and production companies as that. Etoro Color Stars.
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