On this post you’ll find the answer to Simon Peters Etoro….Concerns that i speak with brand-new financiers what if you’re brand new to investing you merely don’t wish to decide what you in fact want to invest and you want somebody to do it for you there’s just a couple of manner ins which that can take place the first off you can hire an investment portfolio supervisor they’ll typically 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 obviously you can purchase mutual funds specific funds are produced 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 advanced you can do cfds which naturally cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re learning about please do study the platform do not just presume because i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they consider that alternative also so you in fact 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 naturally your capital is at danger this is investing we’re doing you’re investing in genuine business if you select to in this specific video we’re speaking about how to copy other individuals’s financial investments with your cash so obviously your capital is at threat and we need to bear that in mind do not simply do something because that individual has actually stated they’ve made revenue 14 months in a row purchase these options due to the fact that you believe is the best ones for you and that being stated let’s dive straight 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’s part of social trading which is one aspect that is probably.
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popular for it’s the alternative to see what other traders are doing extraordinary we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can in fact say i wish to do precisely what that trader is doing or match that precise portfolio of choices and basically every time they make a trade they purchase they sell whatever they do your money will be imitated with it so that implies if for instance 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 fees involved really important you understand what are the expenses of this now with any platform there will be some expense to certainly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the absolutely no charge sites then might not charge you for in fact buying and selling funds or etfs individual commodities individual stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges 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 before you really start investing in copy trading or copy portfolios and finally some best recommendations finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s kick off with fees truly important to comprehend these now on there’s a couple of fees there isn’t charges to do with actually buying and selling all right so commission fees are free however there are a couple of other charges the very first one is withdrawal costs so you can clearly put money in now if you remain 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 in the future but when you want to withdraw your money so you offer your shares you offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you may say okay that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are just among those alternatives that they have a lot of platforms certainly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every six months you know depends entirely how you’re investing however that is a charge to bear in mind the 2nd charge that i’ve touched upon is that conversion cost now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading two and two free trade anyone at all this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you kind of have to accept you understand if you want to utilize their platform go from uk to us then that conversion cost 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 instead you need to pay their fees now the excellent feature of however when you’ve transformed your cash 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 indicates 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 additional charges so that’s truly great using that part of their site won’t definitely restrict you in any way nevertheless we have to understand two other fees the very first being what’s called spread fees all right and i’m going to reveal you what i indicate on now a spread charge as i’m going to show you
on is essentially the distinction that belongs to the investment platform in between the buy cost and the price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that in fact suggests that when you wish to purchase or offer 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 worth of a share what’s called spread costs is the difference then actually to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind obviously it’s more pricey to purchase 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 happen it just 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 which is how they make a little bit of cash on those spread out fees it’s typically exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit cash now the last task is called an
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over night charge now this is truly essential if you’re in fact using cfds yourself too an over night fee is when you’re refraining from doing that buy sell deal in the same day okay there’s then an overnight cost charged or even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which indicates you’re really purchasing the precise property instead of using take advantage of anyway you will not get hit with these charges but these costs are if you’re using take advantage of 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 aid section this isn’t the over night costs 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 over night or you’re doing over weekends which just applies as i said to cfds there are some added fees obviously depending upon what you are buying too this is on your own so keep that in mind however complete costs are totally within their aid information fine and we spoke about in addition to free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two different ways of in fact utilizing these copy functions they don’t have any extra fees on top of the normal charges that
exist now what you need to keep in mind though is these potentially handled by other individuals completely or in some cases have actually created portfolios you have actually got a real person doing the management you have to make sure you choose the person that’s right for you just like any kind of work this is your financial possessions so we definitely need to make sure it’s the ideal person for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of various choices 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 real money or a virtual platform virtual ways 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 need to put in your credit card details or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money maybe this is a great alternative for you again to evaluate the theories okay you might want to buy tesla or apple or this etf why not use the virtual choice as a method to sort of safe have fun with it undoubtedly you may have lost out on gains and losses during that time naturally if you had actually invested your genuine cash it permits you to develop confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind prior to you select someone 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 imply 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 risk simply indicates am i okay with possibly losing a great quantity of this investment or gaining as
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well now remember everything is downs and ups you will make money you’ll lose money that’s why they make the figure 75 people will lose cash but that similarly suggests they’ll lose at some time in their journey certainly people do generate income also and i’ve got videos all about how you can ensure you’re one of the people to in fact make money but in this situation ensure you research your risk level would you be alright giving your money to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re buying completely if you’re someone who isn’t wishing to be that dangerous don’t choose someone who’s entirely 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 might not desire 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 actually easily over here you can copy people now it will offer you a lot of choices and you can utilize the system to really search for someone that you expensive really following so let’s see maybe we desire someone from united kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds a good amount and i can discover everyone who has met that criteria and it does provide you a risk aspect 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
keep in mind it resembles anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then 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 this person for example ruby mza as an example you can actually deep dive into what is she really purchasing 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 great to know ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine really that i purchase too which is good so actually for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production companies as that. Simon Peters Etoro.