We get htis a lot on our site the answer to Galina Gurevich Etoro….Concerns that i hear from brand-new financiers what if you’re brand new to investing you merely do not want to decide what you actually wish to invest and you desire someone to do it for you there’s just a number of manner ins which that can occur the firstly you can hire a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds specific funds are developed once 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 too now if you’re brand new to an overall please bear in mind this platform is rather advanced you can do cfds which obviously cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform don’t simply presume because i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that choice also so you actually get used to the structure of the website and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re investing in genuine business if you pick to in this specific video we’re speaking about how to copy other people’s financial investments with your cash so undoubtedly your capital is at risk and we need to bear that in mind do not simply do something since that individual has actually said they have actually made revenue 14 months in a row buy these choices since you think is the right ones for you which being said 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 becomes part of social trading which is one aspect that is probably.
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popular for it’s the choice to see what other traders are doing incredible we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can in fact state i wish to do exactly what that trader is doing or match that specific portfolio of options and essentially whenever they make a trade they buy they sell whatever they do your cash will be simulated with it so that suggests if for instance 10 of their 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 involved truly important you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are real business 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 fee websites then may not charge you for actually buying and selling funds or etfs specific commodities private 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 costs 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 know before you actually start investing in copy trading or copy portfolios and finally some best advice finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s start with costs really important to comprehend these now on there’s a number of costs there isn’t charges to do with actually buying and selling alright so commission fees are totally free nevertheless there are a couple of other charges the first one is withdrawal charges so you can certainly put cash in now if you remain 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 later but when you wish 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 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i definitely require to now you might say fine that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are just among those alternatives that they have a lot of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every six months you understand depends totally how you’re investing however that is a cost to keep in mind the 2nd fee that i’ve discussed is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk and that’s fine 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 great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading 2 and 2 open market anyone at all this is standard they have actually i suppose stuck to whatever fee they charge for that conversion rate you kind of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they actually providing 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 say offer me us dollars rather you have to pay their fees now the excellent feature of however when you’ve converted your money you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s truly great utilizing that part of their site will not certainly limit you in any way nevertheless we have to understand 2 other costs the 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 show you
on is generally the difference that belongs to the investment platform between the buy rate and the sale price okay it’s their premium on doing both those two 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 sell or buy as you can see it’s not the cost you’re seeing up here let me show you that once again so the existing price of tesla is the value of a share what’s called spread fees is the difference then in fact to purchase that share on the platform and you’ll find this everywhere this is another way that they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to sell so they’re going to give you less back with your sale and you state fine well why does that occur 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 and that is how they make a bit of cash on those spread fees it’s normally extremely small it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a bit money now the last feat is called an
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over night cost now this is really crucial if you’re actually using cfds yourself also an over night charge is when you’re refraining from doing that buy offer deal in the same day all right there’s then an over night fee charged or even if you go from the friday to the monday before cruising a weekend cost now this just 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 precise possession instead of utilizing utilize anyway you won’t get hit with these charges but these fees are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s state if you enter into the assistance area 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 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 surcharges obviously depending on what you are buying too this is on your own so keep that in mind however full charges are entirely within their help details fine and we talked about in addition to complimentary 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’ve said copy trading and copy portfolios are two various ways of really using these copy functions they do not have any additional charges on top of the typical charges that
exist now what you require to keep in mind though is these possibly managed by other individuals totally or often have actually created portfolios you’ve got a genuine individual doing the management you have to ensure you select the person that’s right for you much like any profession this is your monetary possessions so we definitely need to make certain it’s the ideal individual for us before 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 various alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual methods 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 need to put in your charge card details or anything you can basically have this virtual portfolio simulate as if you are using your own cash however actually 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 fantastic choice for you again to test the theories fine you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe play with it undoubtedly you may have missed out on gains and losses during that time naturally if you had actually invested your real cash it allows you to construct confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to remember prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk 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 investments the riskier you can be run the risk of simply implies am i fine with potentially losing an excellent amount of this investment or acquiring as
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well now remember everything is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 people will lose cash however that equally implies they’ll lose eventually in their journey clearly people do generate income too and i have actually got videos all about how you can make sure you’re one of the people to in fact earn money but in this scenario make certain you research study your danger level would you be fine giving your money to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re purchasing totally if you’re someone who isn’t wanting to be that dangerous do not pick someone who’s totally into crypto or currency conversion think about it you ‘d most likely want a foundation of strong commodities
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like gold or even oil plus more standard 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 say you can in fact use this too actually easily over here you can copy people now it will give you a lot of choices and you can use the system to really look for someone that you expensive really following so let’s see perhaps we desire someone from unified kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a great amount and i can discover everybody who has satisfied that criteria and it does give you a danger aspect also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have quite high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to validate are you fine with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine really that i buy too which is good so really for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s also got a bit more um of the kind of main food business and you’ve got you understand pharmaceutical and production companies as that. Galina Gurevich Etoro.
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