We get htis a lot on our site the answer to Etorosi….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t wish to decide what you actually want to invest and you want someone to do it for you there’s only a couple of ways that that can occur the first of all you can hire an investment portfolio manager they’ll generally 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 purchase mutual funds particular 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 too now if you’re brand new to a total please remember this platform is quite sophisticated you can do cfds which naturally cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform do not just presume due to the fact that i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that choice as well so you actually 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 threat this is investing we’re doing you’re purchasing genuine business if you select to in this particular video we’re speaking about how to copy other people’s investments with your money so undoubtedly your capital is at risk and we have to bear that in mind do not just do something because that person has said they have actually made earnings 14 months in a row purchase these choices due to the fact that you think is the best ones for you which being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is understanding 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 option to see what other traders are doing amazing we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our cash we can in fact say i want to do precisely what that trader is doing or match that exact portfolio of choices and essentially every time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that means if for example 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 costs involved truly important you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no cost sites then may not charge you for actually buying and selling funds or etfs specific products individual stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 before you in fact start buying copy trading or copy portfolios and finally some finest advice best practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s begin with costs really crucial to understand these now on there’s a number of charges there isn’t charges to do with actually buying and selling alright so commission costs are totally free however there are a number of other fees the very first one is withdrawal charges so you can undoubtedly put money 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 in the future but when you wish to withdraw your money so you offer your shares you sell your commodities 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 naturally knowing that i’m going to make certain that i’m just withdrawing when i absolutely require to now you might state alright that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are simply 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 mostly it can be maybe even once a year as soon as every 6 months you know depends entirely how you’re investing but that is a cost to bear in mind the 2nd fee that i’ve touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an option to buy in euros or uk which’s fine 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 and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading two and two open market anyone at all this is basic they have i expect stuck to whatever fee they charge for that conversion rate you type of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge 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 offer me us dollars rather you need to pay their costs now the excellent thing about however when you have actually converted your money you do not need to invest it right now 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 buy 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 actually excellent using that part of their site will not certainly limit you in any way however we need to know 2 other fees the first being what’s called spread charges alright and i’m going to show you what i mean on now a spread cost as i’m going to reveal you
on is generally the difference that becomes part of the financial investment platform in between the buy cost and the list 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 value 599 per share in tesla that actually 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 rate of tesla is the worth of a share what’s called spread fees is the distinction then in fact to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind certainly it’s more pricey to buy than it is to sell so they’re going to offer you less back with your sale and you say alright well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it and that is how they make a little bit of money on those spread fees it’s usually extremely small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit money now the last feat is called an
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overnight fee now this is truly important if you’re in fact using cfds yourself also an overnight cost is when you’re refraining from doing that buy offer transaction in the same day alright there’s then an overnight fee charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which suggests you’re in fact buying the exact asset instead of utilizing take advantage of anyhow you won’t get hit with these costs but 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 very same day so let’s state if you enter into the assistance area this isn’t the over night charges information you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which just uses as i said to cfds there are some service charges obviously depending upon what you are buying too this is on your own so keep that in mind however full costs are completely within their aid details fine and we spoke about in addition to complimentary 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 whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of actually using these copy works they don’t have any additional charges on top of the regular fees that
are there now what you need to remember though is these potentially managed by other people entirely or in some cases have created portfolios you’ve got a genuine individual doing the management you have to make certain you choose the individual that’s right for you similar to any kind of work this is your monetary possessions so we definitely require to make sure it’s the right individual for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of different alternatives 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 genuine money or a virtual platform virtual means 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 essentially have this virtual portfolio imitate as if you are using your own money but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine cash maybe this is an excellent alternative for you once again to check the theories okay you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe have fun with it clearly you may have lost out on gains and losses during that time naturally if you had invested your genuine money it enables you to develop confidence understand the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to remember before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i suggest by that certainly 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 run the risk of simply means am i okay with potentially losing a good amount of this financial investment or acquiring as
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well now remember everything is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 people will lose cash however that equally suggests they’ll lose at some point in their journey undoubtedly individuals do generate income as well and i’ve got videos all about how you can make certain you’re one of individuals to actually make money however in this circumstance ensure you research your danger level would you be all right providing your money to someone else which is successfully what you’re doing and trusting them make certain you comprehend what they’re investing in completely if you’re someone who isn’t wanting to be that risky do not pick someone who’s entirely into crypto or currency conversion think about it you ‘d probably want 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 quickly over here you can copy people now it will give you a lot of choices and you can utilize the system to in fact look for somebody that you fancy really following so let’s see perhaps we want somebody from unified kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good quantity and i can discover everyone who has fulfilled that requirements and it does offer you a risk aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety 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 four or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to validate are you okay with this and off you go now another method to in fact 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 purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s absolutely like type 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 really for me understanding what i like to invest in 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 likewise got a little bit more um of the sort of main food companies and you’ve got you understand pharmaceutical and production companies as that. Etorosi.
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