On this post you’ll find the answer to Noksek Etoro….Questions that i hear from new investors what if you’re brand new to investing you just do not wish to choose what you in fact want to invest and you want someone to do it for you there’s only a number of manner ins which that can occur the first of all you can employ a financial investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is of course you can purchase mutual funds specific funds are created 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 an overall please remember this platform is quite sophisticated you can do cfds which of course 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 finding out about please do study the platform do not simply presume due to the fact that i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they give that option too so you in fact get used to the structure of the site and after that when you’re ready to use 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 buying real companies if you pick to in this specific video we’re speaking about how to copy other people’s financial investments with your money so obviously your capital is at danger and we have to bear that in mind do not simply do something because that individual has said they’ve made earnings 14 months in a row invest in these options due to the fact that you think is the best ones for you which being stated let’s dive straight in [Music] The things we’re going to cover in this video is comprehending 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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well-known for it’s the choice to see what other traders are doing extraordinary we do not normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our money we can really state i want to do exactly what that trader is doing or match that precise portfolio of alternatives and generally whenever they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that indicates if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs included truly critical you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are real companies 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 zero fee sites then may not charge you for really buying and selling etfs or funds specific products private 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 actually begin buying copy trading or copy portfolios and lastly some best advice finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with fees truly important to understand these now on there’s a number of fees there isn’t costs to do with in fact buying and selling okay so commission costs are free nevertheless there are a couple of other costs the first one is withdrawal fees so you can undoubtedly put cash in now if you’re 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 on but when you want to withdraw your money so you sell your shares you offer your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you may say fine that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are just among those choices that they have a lot of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every six months you understand depends totally how you’re investing however that is a charge to bear in mind the second charge that i’ve discussed is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk and that’s fine 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 and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading two and 2 free trade anybody this is basic they have i expect stuck with whatever fee they charge for that conversion rate you kind of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge exists what are they in fact giving you in regards to 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 say give me us dollars rather you have to pay their costs now the excellent aspect of though 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 implies the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s truly excellent utilizing that part of their site will not certainly restrict you in any way however we have to be aware of two other charges the first being what’s called spread charges alright and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you
on is generally the difference that is part of the financial investment platform between the buy price and the sale price okay 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 value 599 per share in tesla that in fact indicates that when you want to buy or sell as you can see it’s not the price you’re seeing up here let me show you that again so the existing price of tesla is the value of a share what’s called spread charges 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 benefit from you every time you do a purchaser’s share so keep that in mind obviously it’s more expensive to buy than it is to offer so they’re going to give you less back with your sale and you say okay well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to offer it which is how they make a bit of money on those spread costs it’s generally incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a little bit cash now the last accomplishment is called an
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over night charge now this is really important if you’re really using cfds yourself too an over night fee is when you’re not doing that buy sell transaction in the exact same day alright there’s then an overnight charge charged and even if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one leverage which implies you’re really purchasing the precise possession instead of using take advantage of anyhow you will not get hit with these costs but these charges are if you’re using leverage and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s state if you go into the assistance section this isn’t the overnight charges information 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 over night or you’re doing over weekends and that only applies as i said to cfds there are some service charges of course depending upon what you are investing in also this is on your own so keep that in mind but complete costs are totally within their help information all right and we talked about as well as totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity 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 2 various methods of in fact using these copy operates they do not have any extra costs on top of the regular fees that
are there now what you require to bear in mind though is these potentially managed by other people totally or often have actually developed portfolios you have actually got a genuine individual doing the management you need to ensure you pick the person that’s right for you similar to any type of work this is your monetary properties so we absolutely need to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to utilize this function we have actually 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 genuine money or a virtual platform virtual methods 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 generally have this virtual portfolio mimic as if you are using your own cash but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash maybe this is a great alternative for you once again to evaluate the theories fine you might want to purchase tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it certainly you may have lost out on gains and losses during that time obviously if you had invested your genuine money it permits you to develop 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 really how to copy individuals and copy portfolios now here’s something to keep in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i suggest by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just indicates am i alright with possibly losing a great amount of this financial investment or gaining as
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well now remember whatever is ups and downs you will make money you’ll lose money that’s why they make the fact 75 individuals will lose money but that equally means they’ll lose at some point in their journey obviously people do earn money too and i’ve got videos everything about how you can make sure you are among individuals to really make money however in this scenario make sure you research study your threat level would you be alright giving your cash to another person which is successfully what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re someone who isn’t wanting to be that dangerous don’t select somebody who’s completely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong commodities
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like gold and even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact utilize this too actually easily over here you can copy individuals now it will provide you a great deal of choices and you can utilize the system to really search for somebody that you expensive actually following so let’s see perhaps we desire someone from unified kingdom um who buys let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has actually fulfilled that criteria and it does provide you a danger element too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of individuals that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to verify are you fine 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 really investing in so let’s enter into portfolio and you can see she’s rather 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 knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the sort of primary food business and you have actually got you know pharmaceutical and production business as that. Noksek Etoro.
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