So to start the answer to Change Time Zone Etoro 4….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t wish to choose what you in fact wish to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can happen 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 possibly one or two percent of your earnings will go to them the other thing is of course you can buy mutual funds particular funds are created 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 as well now if you’re brand new to an overall please keep in mind 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 finding out about please do study the platform do not just presume due to the fact that i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that option as well so you really get utilized to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re discussing how to copy other people’s investments with your cash so clearly your capital is at risk and we need to bear that in mind do not simply do something because that person has actually stated they have actually made revenue 14 months in a row purchase these options due to the fact that you think is the ideal 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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popular for it’s the option to see what other traders are doing amazing we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can actually say i want to do precisely what that trader is doing or match that exact portfolio of alternatives and generally every time they make a trade they buy they sell whatever they do your money will be imitated with it so that indicates if for instance 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 fees included truly vital you understand what are the costs of this now with any platform there will be some expense to obviously 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 no charge sites then may not charge you for really buying and selling etfs or funds private commodities specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand before you actually start purchasing copy trading or copy portfolios and lastly some finest suggestions best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s begin with fees truly crucial to comprehend these now on there’s a number of fees there isn’t charges to do with really buying and selling okay so commission costs are totally free nevertheless there are a couple of other costs the very first one is withdrawal charges so you can clearly put cash in now if you remain in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your cash so you offer 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 5 dollars per withdrawal so for me of course understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you might state alright that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are just one of those choices that they have a great deal 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 perhaps even once a year once every six months you know depends entirely how you’re investing but that is a charge to bear in mind the 2nd cost that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading two and 2 open market anybody this is basic they have i expect stuck with whatever cost they charge for that conversion rate you type of need to accept you understand if you wish to use their platform go from uk to us then that conversion cost is there what are they in fact 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 give me us dollars rather you have to pay their charges now the great aspect of though when you’ve converted your money 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 suggests the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually excellent using that part of their website won’t certainly restrict you in any way nevertheless we need to be aware of two other fees the very first being what’s called spread fees alright and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is essentially the difference that is part of the investment platform between the buy price and the sale price all right 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 really means that when you want to sell or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present cost of tesla is the worth of a share what’s called spread fees is the distinction then really to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of profit from you each time you do a purchaser’s share so keep that in mind clearly it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you say all right well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it and that is how they make a little bit of cash on those spread out fees it’s generally extremely little it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a bit money now the last feat is called an
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over night cost now this is truly crucial if you’re really using cfds yourself too an overnight cost is when you’re refraining from doing that buy offer transaction in the very same day okay there’s then an over night charge charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which means you’re really purchasing the exact property rather than 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 very same day so let’s state if you go into the assistance area this isn’t the overnight 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 over night or you’re doing over weekends and that just applies as i said to cfds there are some additional charges of course depending upon what you are investing in as well this is on your own so keep that in mind however complete fees are entirely within their aid information fine and we talked about as well as free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of in fact utilizing these copy operates they don’t have any additional costs on top of the regular fees that
are there now what you need to bear in mind though is these potentially handled by other individuals entirely or often have actually produced portfolios you have actually got a genuine person doing the management you need to make sure you select the person that’s right for you similar to any line of work this is your monetary properties so we absolutely need to make sure it’s the right individual for us prior to 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 alternatives 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 cash 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 won’t need to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money maybe this is a fantastic choice for you once again to evaluate the theories fine you may want to buy tesla or apple or this etf why not utilize the virtual alternative 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 real money it allows you to construct self-confidence understand 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 actually how to copy individuals and copy portfolios now here’s something to remember before you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i suggest by that clearly 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 suggests am i okay with potentially losing a good amount of this financial investment or gaining as
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well now remember whatever is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 people will lose cash however that similarly implies they’ll lose at some time in their journey obviously individuals do make money as well and i have actually got videos all about how you can ensure you’re one of individuals to actually make money but in this scenario make sure you research study your threat level would you be fine giving your cash to somebody else which is effectively what you’re doing and trusting them make certain you understand what they’re purchasing completely if you’re someone who isn’t wishing to be that dangerous don’t select somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely want a foundation of strong products
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like gold or perhaps oil plus more standard etfs and index funds you might 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 individuals now it will give you a great deal of choices and you can utilize the system to in fact look for somebody that you expensive actually following so let’s see maybe we want someone from unified kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has fulfilled that criteria and it does offer you a threat element too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not indicate somebody 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 simple as clicking the copy button and off you go and then you understand ask you to validate are you all right with this and off you go now another method to really deep dive if we click on this person for instance 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 good to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is excellent so actually for me understanding 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 appears to be what she prefers she’s also got a bit more um of the type of primary food business and you have actually got you understand pharmaceutical and production business as that. Change Time Zone Etoro 4.
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