We get htis a lot on our site the answer to Etoro Ian Starkel….Concerns that i speak with brand-new investors what if you’re brand new to investing you merely do not want to decide what you actually want to invest and you want somebody to do it for you there’s only a couple of ways that that can occur the first of all you can work with a financial investment portfolio manager they’ll normally charge a rather a high premium to do that possibly one or two percent of your revenues will go to them the other thing is naturally you can buy mutual funds particular funds are developed 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 a total please bear 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 full amount of capital so with anything that you’re learning more about please do study the platform don’t simply assume 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 option also so you actually get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in real business if you select to in this specific video we’re talking about how to copy other people’s investments with your money so certainly your capital is at threat and we have to bear that in mind do not just do something because that individual has actually stated they’ve made profit 14 months in a row buy these choices due to the fact that you think is the ideal ones for you and that being said let’s dive straight 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 aspect that is most likely.
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famous for it’s the option to see what other traders are doing incredible we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can really state i want 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 sell whatever they do your cash will be imitated with it so that suggests if for example 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 costs involved truly vital you comprehend what are the costs of this now with any platform there will be some expense to obviously these are genuine 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 absolutely no cost websites then may not charge you for in fact buying and selling etfs or funds specific products specific stocks.
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there’ll be costs on other parts perhaps 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 start investing in copy trading or copy portfolios and lastly some finest suggestions finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s begin with charges really crucial to comprehend these now on there’s a number of costs there isn’t costs to do with actually buying and selling all right so commission fees are free nevertheless there are a number of other costs the very first one is withdrawal costs so you can undoubtedly put money in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash so you sell 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 obviously knowing that i’m going to make certain that i’m just withdrawing when i definitely require to now you might state all right that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are just among those alternatives that they have a great deal of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every six months you know depends completely how you’re investing but that is a charge to remember the second cost that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyway 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 fee now when you use anyone so if you’re using trading 2 and two free trade anyone at all this is standard they have actually i expect 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 cost 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 say provide me us dollars rather you need to pay their charges now the fantastic feature of however when you have actually converted your cash you do not need to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s truly excellent using that part of their site will not certainly restrict you in any way nevertheless we need to be aware of 2 other costs the very first being what’s called spread charges alright and i’m going to show you what i mean on now a spread fee as i’m going to reveal you
on is basically the distinction that becomes part of the financial investment platform between the buy price and the list price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact indicates that when you wish to purchase or sell as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing rate of tesla is the value of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind obviously 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 fine well why does that occur it simply does that is the nature of a lot 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 money on those spread charges it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a bit cash now the last accomplishment is called an
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over night fee now this is really essential if you’re in fact utilizing cfds yourself as well an over night cost is when you’re not doing that buy offer deal in the exact same day all right there’s then an overnight charge 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 in fact buying out the etf the stock the product and using time one leverage which means you’re actually buying the exact property rather than utilizing leverage anyhow you will not get hit with these charges however these charges are if you’re utilizing utilize and cfds and then you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you go into the aid area this isn’t the over night costs details you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that only uses as i stated to cfds there are some surcharges naturally depending upon what you are purchasing as well this is on your own so keep that in mind but full fees are completely within their aid details all right and we spoke about in addition to free to deposit in however 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 fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of actually using these copy functions they don’t have any additional charges on top of the regular costs that
exist now what you need to bear in mind though is these possibly managed by other individuals entirely or in some cases have developed portfolios you have actually got a genuine individual doing the management you have to make sure you pick the individual that’s right for you similar to any line of work this is your financial properties so we definitely need to ensure it’s the best person for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of various choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real cash perhaps this is a terrific alternative for you once again to test the theories okay you may want to buy tesla or apple or this etf why not use the virtual choice as a way to type of safe play 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 construct confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to keep in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i imply 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 risk simply indicates am i okay with possibly losing an excellent quantity of this financial investment or getting 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 figure 75 individuals will lose money however that similarly means they’ll lose at some time in their journey certainly people do earn money too and i’ve got videos everything about how you can make sure you are among the people to really earn money however in this scenario make certain you research your risk level would you be alright giving your cash to somebody else which is effectively what you’re doing and trusting them make sure you comprehend what they’re buying completely if you’re somebody who isn’t wishing to be that dangerous don’t select someone who’s totally into crypto or currency conversion consider it you ‘d most likely want a foundation of strong products
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like gold or even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact use this too truly easily over here you can copy people now it will offer you a lot of options and you can use the system to really search for somebody that you elegant actually following so let’s see possibly we desire someone from unified kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a good amount and i can find everyone who has actually fulfilled that criteria and it does provide you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to confirm are you all right with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she actually investing in 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 know ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got some of mine really that i buy too which is excellent so actually for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s also got a little bit more um of the sort of primary food companies and you have actually got you know pharmaceutical and production business as that. Etoro Ian Starkel.
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