On this post you’ll find the answer to Trader Way Ou Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you just do not want to choose what you actually wish to invest and you desire someone to do it for you there’s just a couple of manner ins which that can occur the first of all you can work with a financial investment portfolio manager they’ll normally charge a quite a high premium to do that maybe one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific 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 too now if you’re brand new to an overall please remember this platform is rather innovative 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 learning more about please do study the platform don’t just assume because i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they give that option as well so you in fact get used to the structure of the website 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 risk this is investing we’re doing you’re investing in real business if you choose to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not just do something since that individual has actually stated they’ve made revenue 14 months in a row invest in these options because you think is the ideal ones for you and that being stated 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 element that is most likely.
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well-known for it’s the choice to see what other traders are doing amazing we don’t usually 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 in fact say 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 buy they offer whatever they do your cash will be mimicked with it so that means if for example 10 of their investment portfolio is 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 crucial you understand what are the expenses of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no charge sites then might not charge you for really buying and selling etfs or funds specific products private 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 type 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 prior to you in fact start investing in copy trading or copy portfolios and lastly some best suggestions best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s start with charges really crucial to comprehend these now on there’s a number of costs there isn’t charges to do with really buying and selling fine so commission charges are totally free however there are a couple of other costs the very first one is withdrawal charges so you can certainly put money in now if you remain 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 however when you want to withdraw your cash so you sell your shares you sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you might say fine that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal fees are simply among those alternatives that they have a lot of platforms obviously are complimentary 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 once every 6 months you know depends entirely how you’re investing however that is a fee to remember the 2nd fee that i have actually touched upon is that conversion fee now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’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 perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re utilizing trading 2 and 2 open market anyone at all this is basic they have i expect stuck to 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 is there what are they in fact offering 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 state offer me us dollars rather you need to pay their costs now the excellent feature of however when you have actually transformed your cash you do not have to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that means the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s really excellent utilizing that part of their site won’t certainly limit you in any way nevertheless we have to understand 2 other charges the first being what’s called spread fees okay and i’m going to reveal you what i mean on now a spread cost as i’m going to show you
on is essentially the distinction that is part of the financial investment platform between the buy rate and the sale price all right 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 really suggests that when you want to offer or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the current cost of tesla is the worth of a share what’s called spread costs is the distinction then in fact to buy 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 each time you do a buyer’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to offer you less back with your sale and you state okay well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to sell it and that is how they make a bit of money on those spread fees it’s typically incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit cash now the last task is called an
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overnight cost now this is truly important if you’re actually using cfds yourself too an over night charge is when you’re not doing that buy sell deal in the same day alright there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to 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 using time one take advantage of which indicates you’re in fact purchasing the precise property rather than utilizing leverage anyway you won’t get hit with these costs however these costs are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the same day so let’s state if you enter into the help area this isn’t the overnight fees info you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which just applies as i said to cfds there are some additional charges naturally depending upon what you are purchasing too this is on your own so keep that in mind but full charges are entirely within their assistance details okay and we spoke about in addition to totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of actually using these copy operates they do not have any extra costs on top of the regular costs that
are there now what you need to remember though is these possibly handled by other people completely or often have actually developed portfolios you’ve got a genuine person doing the management you have to make certain you choose the individual that’s right for you similar to any kind of work this is your financial possessions so we definitely need to make sure 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 couple of different choices for us to start with 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 means i think you get yep a hundred thousand dollars to have fun 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 simulate as if you are using your own money however really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money maybe this is a fantastic alternative for you once again to test the theories okay you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe have fun with it undoubtedly you may have missed out on gains and losses during that time naturally if you had invested your genuine money it enables you to construct confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure 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 say the longer you’re leaving your investments the riskier you can be risk simply means am i alright with potentially losing a good quantity of this financial investment or acquiring 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 money but that equally indicates they’ll lose eventually in their journey obviously individuals do make money too and i have actually got videos all about how you can make certain you are among individuals to in fact earn money however in this scenario ensure you research your threat level would you be fine providing your money to someone else which is effectively what you’re doing and trusting them make certain you comprehend what they’re purchasing completely if you’re somebody who isn’t wanting to be that risky do not pick someone 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 or perhaps oil plus more conventional etfs and index funds you may 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 actually utilize this too actually quickly over here you can copy people now it will provide you a lot of options and you can utilize the system to in fact look for somebody that you expensive in fact following so let’s see perhaps we desire someone from united kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has actually met that requirements and it does offer you a danger element also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have rather high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to validate are you alright with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she really investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is excellent so in fact for me knowing what i like to purchase 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 chooses she’s also got a little bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production companies as that. Trader Way Ou Etoro.
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