So to start the answer to Application Windows Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you simply do not want to choose what you really wish to invest and you want somebody to do it for you there’s just a couple of ways that that can occur the to start with you can hire a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular funds are produced once 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 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 just presume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they consider that option too so you really 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 naturally your capital is at risk this is investing we’re doing you’re purchasing genuine companies if you pick to in this particular video we’re talking about how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at threat and we have to bear that in mind do not just do something since that individual has stated they have actually made profit 14 months in a row buy these choices because you think is the best 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 element that is most likely.
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popular for it’s the choice to see what other traders are doing amazing 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 means with our cash we can really say i want to do exactly what that trader is doing or match that precise portfolio of options and essentially whenever they make a trade they purchase they sell whatever they do your money will be mimicked with it so that means 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 likewise cover is the costs included actually critical you understand what are the costs of this now with any platform there will be some cost to certainly 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 no cost websites then may not charge you for in fact buying and selling etfs or funds specific commodities private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know prior to you actually begin investing in copy trading or copy portfolios and lastly some best guidance best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s start with fees truly important to comprehend these now on there’s a number of charges there isn’t charges to do with in fact buying and selling all right so commission costs are totally free however there are a couple of other costs the very first one is withdrawal fees so you can obviously put cash in now if you’re in the uk we put our uk money.
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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 offer your shares you sell your products whatever you’re selling 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 ensure that i’m just withdrawing when i absolutely require to now you may state alright that’s rather costly 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 simply one of those alternatives that they have a lot of platforms certainly are free 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 when every 6 months you understand depends totally how you’re investing but that is a charge to keep in mind the second fee that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’s fine 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 and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading two and two open market anybody this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion cost is there 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 state offer me us dollars instead you have to pay their charges now the terrific thing about though when you have actually converted your cash you do not need to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s truly great using that part of their site will not definitely limit you in any way nevertheless we have to understand two other fees the first being what’s called spread costs fine and i’m going to show you what i indicate on now a spread charge as i’m going to reveal you
on is generally the difference that becomes part of the investment platform between the buy rate and the sale price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really suggests that when you wish to purchase or offer as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing price of tesla is the value of a share what’s called spread fees is the difference then actually to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind undoubtedly 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 state fine well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you want to offer it which is how they make a little bit of cash on those spread out charges it’s normally incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit cash now the last accomplishment is called an
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overnight charge now this is really essential if you’re in fact utilizing cfds yourself also an over night fee is when you’re not doing that buy offer transaction in the exact same day all right there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one utilize which implies you’re actually buying the specific possession rather than utilizing take advantage of anyhow you won’t get hit with these charges however these charges 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 exact same day so let’s state if you go into the assistance 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 and that just applies as i said to cfds there are some service charges of course depending on what you are investing in also this is on your own so keep that in mind but full costs are totally within their assistance info all right and we talked about along with complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of actually using these copy works they do not have any additional charges on top of the normal charges that
are there now what you require to keep in mind though is these possibly handled by other people completely or in some cases have produced portfolios you’ve got a genuine person doing the management you have to make sure you choose the person that’s right for you much like any line of work this is your monetary properties so we absolutely 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 use this function we’ve got a number of various choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative 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 cash that you’re investing you won’t need to put in your charge card information or anything you can essentially have this virtual portfolio imitate as if you are using your own money but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash maybe this is a great option for you once again to evaluate the theories okay you might wish to purchase tesla or apple or this etf why not use the virtual alternative as a way to type of safe play with it certainly you might have lost out on gains and losses throughout that time obviously if you had invested your genuine cash it allows you to construct confidence understand the platform so that’s one alternative for you then next week and i’m going to return 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 bear in mind prior to 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 indicate by that clearly 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 just suggests am i all right with potentially losing a great amount of this financial investment or getting 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 people will lose money but that similarly implies they’ll lose at some point in their journey certainly individuals do earn money too and i have actually got videos all about how you can make sure you’re one of the people to actually earn money however in this situation make sure you research your threat level would you be all right providing your money to someone else which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re somebody who isn’t wanting to be that dangerous don’t choose somebody who’s totally into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you may 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 really use this too actually easily over here you can copy people now it will provide you a great deal of choices and you can utilize the system to in fact search for someone that you elegant in fact following so let’s see maybe we desire someone from joined kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds an excellent amount and i can find everybody who has actually met that criteria and it does offer you a danger element as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals 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 somebody 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 easy as clicking the copy button and off you go and after that you understand ask you to validate are you okay with this and off you go now another method to actually 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 go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got some of mine in fact that i purchase 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 prefers she’s also got a bit more um of the kind of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Application Windows Etoro.
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