We get htis a lot on our site the answer to Etoro Discord….Questions that i speak with new financiers what if you’re brand new to investing you just don’t wish to decide what you actually want 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 an investment portfolio manager they’ll usually charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is naturally you can purchase 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 remember this platform is rather sophisticated you can do cfds which of course 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 just assume because i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they consider that choice as well so you actually get used to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re buying real companies if you pick to in this specific video we’re speaking about how to copy other people’s investments with your money so obviously your capital is at threat and we have to bear that in mind do not just do something because that person has actually stated they’ve made earnings 14 months in a row purchase these choices since you think is the right 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 element that is probably.
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well-known for it’s the option to see what other traders are doing amazing we do not typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our money we can really say i wish to do precisely what that trader is doing or match that precise portfolio of options and basically whenever they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that indicates 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 fees included truly crucial you understand what are the costs 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 included and even some of the absolutely no charge websites then might not charge you for really buying and selling etfs or funds private products private stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort 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 understand before you really start buying copy trading or copy portfolios and finally some best suggestions finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s kick off with charges actually important to understand these now on there’s a number of costs there isn’t fees to do with really buying and selling okay so commission charges are free however there are a number of other costs the first one is withdrawal charges 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 instantly converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your cash so you sell your shares you sell your products 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 of course knowing that i’m going to make certain that i’m just withdrawing when i absolutely require to now you might state fine that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are just among those choices that they have a great deal of platforms clearly 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 once every six months you know depends totally how you’re investing however that is a charge to keep in mind the 2nd cost that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’s great that suits me.
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a lot 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 anyone so if you’re using trading 2 and 2 open market anybody this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you sort of need to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they actually providing 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 charges now the excellent feature of however when you’ve transformed your cash you do not need to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that means the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s truly excellent utilizing that part of their site won’t definitely restrict you in any way however we need to know two other fees the very first being what’s called spread charges okay and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you
on is generally the distinction that is part of the investment platform in between the buy rate and the sale price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that really indicates that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the present price 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 everywhere this is another way that they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind obviously it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you state all right well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you want to sell it which is how they make a bit of money on those spread out costs it’s typically extremely little it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit cash now the last feat is called an
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over night cost now this is truly crucial if you’re in fact utilizing cfds yourself as well an overnight cost is when you’re not doing that buy offer transaction in the same day alright there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re actually purchasing the exact asset instead of utilizing leverage anyhow you will not get hit with these fees however these costs are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s say if you go into the aid area this isn’t the overnight costs information you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that only uses as i said to cfds there are some added fees of course depending upon what you are purchasing too this is on your own so keep that in mind however full fees are entirely within their aid information alright and we talked about along with totally 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 whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of in fact utilizing these copy functions they don’t have any extra fees on top of the normal fees that
are there now what you require to remember though is these potentially handled by other individuals completely or sometimes have created portfolios you have actually got a real person doing the management you need to make certain you choose the person that’s right for you much like any line of work this is your financial possessions so we absolutely need to ensure it’s the right individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually 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 genuine cash or a virtual platform virtual ways i think 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 charge card details or anything you can generally have this virtual portfolio simulate as if you are using your own cash but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine cash maybe this is a great option for you again to check the theories alright you may want to purchase tesla or apple or this etf why not utilize the virtual option as a method to sort of safe play with it obviously you may have lost out on gains and losses during that time naturally if you had invested your genuine money it allows you to develop self-confidence understand the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i indicate by that certainly 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 simply indicates am i okay with potentially losing a great amount of this financial investment or getting as
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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the fact 75 people will lose money however that similarly implies they’ll lose at some time in their journey undoubtedly people do earn money as well and i have actually got videos all about how you can make certain you’re one of individuals to actually make money however in this circumstance make certain you research study your threat level would you be fine offering your cash to another person which is efficiently what you’re doing and trusting them make sure you comprehend what they’re investing in totally if you’re someone who isn’t wishing to be that dangerous don’t select someone who’s completely 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 traditional etfs and index funds you may 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 easily over here you can copy people now it will give you a great deal of options and you can use the system to in fact look for someone that you expensive really following so let’s see possibly we want someone from united kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has satisfied that criteria and it does offer you a danger element 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 quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to verify are you alright with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she actually investing in 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 definitely like kind of into those blue box and the tech market she’s got some of mine actually that i invest in too which is excellent so actually for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she chooses she’s also got a little bit more um of the kind of primary food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Discord.
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