On this post you’ll find the answer to Etoro Jay….Concerns that i speak with brand-new investors what if you’re brand new to investing you simply don’t want to choose what you in fact want to invest and you want somebody to do it for you there’s only a number of manner ins which that can take place the firstly you can employ a financial investment portfolio supervisor they’ll normally charge a quite a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is naturally you can purchase mutual funds particular funds are produced 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 a total please keep in mind 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 finding out about please do study the platform don’t just presume due to the fact that i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that option too so you actually get utilized to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re purchasing real business if you choose to in this particular video we’re discussing how to copy other people’s investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not just do something because that individual has said they’ve made profit 14 months in a row buy these options since you think is the right ones for you and that being said 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 probably.
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well-known for it’s the option to see what other traders are doing incredible we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can in fact say i want to do precisely what that trader is doing or match that precise portfolio of alternatives and basically whenever they make a trade they buy they sell whatever they do your money will be mimicked with it so that indicates if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges involved really vital you understand what are the expenses of this now with any platform there will be some cost to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the no charge sites then might not charge you for in fact buying and selling funds or etfs specific commodities private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees 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 prior to you actually start investing in copy trading or copy portfolios and finally some finest guidance finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s start with charges truly crucial to comprehend these now on there’s a couple of costs there isn’t fees to do with really buying and selling alright so commission costs are complimentary nevertheless there are a couple of other charges the first one is withdrawal fees so you can clearly put money in now if you’re 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 later but when you wish to withdraw your cash so you offer your shares you offer your commodities whatever you’re offering 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 understanding that i’m going to make sure that i’m only withdrawing when i definitely require to now you may say fine that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are simply one of those choices that they have a great deal of platforms obviously are free 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 when every six months you understand depends completely how you’re investing however that is a cost to remember the 2nd charge that i’ve discussed is that conversion charge now with you’re dealing in us dollars just there’s not an option 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 anyway or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading 2 and two free trade anybody this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you type of have to accept you understand if you want to use their platform go from uk to us then that conversion cost exists what are they really providing 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 offer me us dollars instead you need to pay their charges now the terrific aspect of though when you’ve converted your cash you do not have to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s actually great using that part of their website won’t definitely limit you in any way however we have to be aware of two other costs the first being what’s called spread costs all right and i’m going to reveal 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 price and the list price okay 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 worth 599 per share in tesla that in fact means that when you want to buy or offer as you can see it’s not the rate you’re seeing up here let me show you that again so the existing cost of tesla is the worth of a share what’s called spread charges is the distinction then in fact to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind certainly it’s more expensive to buy than it is to offer so they’re going to offer you less back with your sale and you state alright 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 cash on those spread out costs it’s typically exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a little bit cash now the last accomplishment is called an
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over night charge now this is actually important if you’re actually using cfds yourself too an overnight charge is when you’re not doing that buy sell deal in the exact same day all right there’s then an over night charge charged and even if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which implies you’re really purchasing the specific possession instead of using take advantage of anyway you won’t get hit with these charges but these costs are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the assistance section this isn’t the over night charges details 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 which just applies as i said to cfds there are some surcharges obviously depending upon what you are investing in as well this is on your own so keep that in mind however complete charges are entirely within their help details okay and we spoke about along with complimentary to deposit in however 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 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two various methods of really utilizing these copy functions they do not have any additional charges on top of the normal charges that
exist now what you need to keep in mind though is these possibly managed by other individuals totally or in some cases have actually developed portfolios you have actually got a genuine individual doing the management you need to ensure you select the individual that’s right for you just like any kind of work this is your financial properties so we absolutely require to make certain it’s the best individual for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a number of different alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash 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 will not require 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 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 an excellent option for you once again to check the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe play with it obviously you may have missed out on gains and losses during that time naturally if you had actually invested your genuine money it allows you to build self-confidence understand the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat 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 risk simply implies am i fine with potentially losing an excellent quantity 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 figure 75 individuals will lose money but that equally suggests they’ll lose at some time in their journey undoubtedly individuals do generate income also and i’ve got videos everything about how you can make sure you are among the people to actually earn money however in this situation make sure you research your risk level would you be fine giving your money to another person which is successfully what you’re doing and trusting them ensure you understand what they’re investing in completely if you’re someone who isn’t wishing to be that dangerous don’t pick somebody who’s completely into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities
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like gold and even oil plus more conventional 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 in fact utilize this too really quickly over here you can copy individuals now it will give you a great deal of choices and you can use the system to actually search for someone that you expensive in fact following so let’s see maybe we desire somebody from united kingdom um who invests in let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds an excellent amount and i can find everybody who has satisfied that criteria and it does provide you a risk aspect also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals that have quite high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they could 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 know ask you to validate are you okay with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got some of mine actually that i buy too which is great so really for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies 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. Etoro Jay.
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