We get htis a lot on our site the answer to Our Social Trading Mobile App Etorohttps Www.Etoro.Com Trading Platforms Mobile….Questions that i hear from brand-new investors what if you’re brand new to investing you simply don’t wish to decide what you really wish to invest and you desire someone to do it for you there’s just a number of manner ins which that can happen the to start with you can employ a financial investment portfolio manager they’ll normally charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously 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 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 in fact having the full amount of capital so with anything that you’re learning about please do study the platform don’t simply assume due to the fact that i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they give that choice too so you in fact get utilized to the structure of the site and then when you’re ready to utilize your own money 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 business if you pick to in this particular video we’re talking about how to copy other individuals’s financial investments with your cash so certainly your capital is at danger and we have to bear that in mind do not just do something since that person has actually stated they’ve made profit 14 months in a row buy these choices because you believe is the right ones for you and that being stated let’s dive directly in [Music] The things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it’s part of social trading which is one element that is most likely.
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popular for it’s the choice to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can in fact state i wish to do exactly what that trader is doing or match that exact portfolio of options and essentially each time they make a trade they purchase they offer whatever they do your money will be imitated with it so that indicates 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 charges involved really important you comprehend what are the costs of this now with any platform there will be some expense to clearly 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 sites then may not charge you for really buying and selling funds or etfs individual commodities specific stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort 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 understand before you really begin buying copy trading or copy portfolios and finally some finest guidance finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s begin with costs actually important to understand these now on there’s a number of costs there isn’t charges to do with really buying and selling all right so commission costs are complimentary however there are a couple of other charges the very first one is withdrawal charges so you can obviously put money in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your money so you offer your shares you sell your products 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 make certain that i’m just withdrawing when i absolutely need to now you may say all right that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are simply one of those alternatives that they have a lot of platforms obviously 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 understand depends entirely how you’re investing but that is a cost to remember the 2nd fee that i have actually 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 and that’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading 2 and two open market anyone at all this is standard they have i expect stuck to whatever fee they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion charge 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 haggle with them you can’t go to the bank and state give me us dollars instead you have to pay their charges now the excellent thing about however when you’ve converted your money you do not need to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that means 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 additional fees so that’s truly excellent utilizing that part of their site won’t definitely restrict you in any way nevertheless we need to be aware of two other charges the first being what’s called spread charges okay and i’m going to show you what i mean on now a spread charge as i’m going to show you
on is generally the difference that becomes part of the investment platform in between the buy cost and the sale 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 worth 599 per share in tesla that actually means that when you want to offer or buy as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current rate of tesla is the value of a share what’s called spread costs is the distinction then in fact to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you every time you do a purchaser’s share so keep that in mind certainly it’s more costly to buy than it is to sell so they’re going to provide you less back with your sale and you say okay 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 wish to offer it and that is how they make a little bit of money on those spread out costs it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit cash now the last task is called an
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over night cost now this is actually crucial if you’re in fact using cfds yourself as well an overnight fee is when you’re not doing that buy sell transaction in the same day all right there’s then an over night cost charged and even if you go from the friday to the monday before sailing 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 utilize which suggests you’re actually buying the exact possession rather than utilizing take advantage of anyhow you will not get hit with these costs but these fees are if you’re utilizing leverage and cfds and after that you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you go into the assistance area this isn’t the overnight fees details you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that just applies as i said to cfds there are some added fees of course depending upon what you are investing in too this is on your own so keep that in mind but full costs are completely within their aid information fine and we discussed in addition to free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of actually utilizing these copy functions they do not have any additional costs on top of the normal fees that
exist now what you need to bear in mind though is these possibly handled by other people completely or often have created portfolios you have actually got a real individual doing the management you have to make certain you select the individual that’s right for you just like any kind of work this is your financial assets so we absolutely require to make certain it’s the best individual for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of different choices 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 ways 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 information or anything you can basically have this virtual portfolio mimic as if you are using your own money but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money perhaps this is a terrific alternative for you once again to check the theories all right you might want to purchase tesla or apple or this etf why not use the virtual choice as a method to sort of safe play with it obviously you might have lost out on gains and losses during that time naturally if you had invested your real money it allows you to build confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually 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 sure you understand what your threat profile is now what do i indicate 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 run the risk of simply implies am i alright with potentially losing a good amount of this investment or acquiring 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 people will lose money but that equally indicates they’ll lose at some time in their journey obviously individuals do generate income too and i’ve got videos everything about how you can make sure you’re one of the people to in fact generate income but in this scenario make sure you research your danger level would you be alright offering your money to somebody else which is successfully what you’re doing and trusting them make certain you comprehend what they’re buying fully if you’re somebody who isn’t wanting to be that risky don’t pick someone who’s completely into crypto or currency conversion think of it you ‘d most likely want a backbone of strong products
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like gold and even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact use this too really quickly over here you can copy people now it will give you a lot of options and you can use the system to really search for someone that you expensive in fact following so let’s see maybe we want someone from unified kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can discover everyone who has satisfied that criteria and it does give you a danger aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to verify are you alright with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she in fact investing in 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 good to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine actually that i purchase too which is excellent so in fact for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s likewise got a little bit more um of the kind of main food business and you’ve got you know pharmaceutical and production companies as that. Our Social Trading Mobile App Etorohttps Www.Etoro.Com Trading Platforms Mobile.
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