So to start the answer to Solium Shareworks To Etoro….Questions that i hear from new investors what if you’re brand new to investing you just don’t want to choose what you in fact want to invest and you desire somebody to do it for you there’s only a number of ways that that can take place the first off you can employ a financial investment portfolio manager they’ll normally charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 as well now if you’re brand new to a total please remember this platform is rather advanced you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform don’t just assume since i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that alternative also so you really get used 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 of course your capital is at danger this is investing we’re doing you’re buying real business if you choose to in this particular video we’re discussing how to copy other people’s investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not just do something because that person has actually said they’ve made revenue 14 months in a row invest in these options due to the fact that you believe is the right ones for you and that being said let’s dive directly in [Music] so 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 option to see what other traders are doing unbelievable we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can really state i wish 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 offer whatever they do your cash will be imitated with it so that indicates 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 included truly vital you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero cost websites then may not charge you for really buying and selling etfs or funds private commodities individual stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees 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 know prior to you in fact begin purchasing copy trading or copy portfolios and lastly some best advice finest practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s start with costs truly crucial to understand these now on there’s a couple of costs there isn’t fees to do with in fact buying and selling all right so commission charges are complimentary however there are a number of other charges the very first one is withdrawal fees 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 later on but when you want to withdraw your cash so you sell 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 5 dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m just withdrawing when i absolutely require to now you might say okay that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are simply among those alternatives that they have a lot of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every six months you know depends totally how you’re investing but that is a charge to keep in mind the second fee that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading 2 and 2 open market anybody this is standard 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 wish to use their platform go from uk to us then that conversion cost exists what are they in fact offering 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 offer me us dollars instead you need to pay their charges now the fantastic aspect of though when you have actually transformed your money you do not need 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 initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s truly good utilizing that part of their website won’t certainly restrict you in any way nevertheless we have to be aware of two other charges the first being what’s called spread fees fine and i’m going to reveal you what i indicate on now a spread charge as i’m going to show you
on is generally the difference that belongs to the financial investment platform in between the buy price and the list price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that actually suggests 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 once again so the existing 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 discover this everywhere this is another manner in which they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to offer you less back with your sale and you state all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to sell it and that is how they make a bit of cash on those spread fees it’s typically extremely little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit cash now the last task is called an
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over night fee now this is really crucial if you’re in fact using cfds yourself too an overnight charge is when you’re not doing that buy offer deal in the same day all right there’s then an overnight cost charged or perhaps if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which indicates you’re in fact buying the specific possession instead of utilizing leverage anyway you will not get hit with these fees however these charges are if you’re using leverage and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you enter into the help section this isn’t the overnight charges information you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that just uses as i said to cfds there are some surcharges of course depending upon what you are investing in too this is on your own so keep that in mind but complete costs are totally within their assistance info all right and we spoke about along with totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product 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 actually utilizing these copy operates they do not have any additional charges on top of the typical costs that
exist now what you require to remember though is these potentially handled by other individuals entirely or often have created portfolios you have actually got a real person doing the management you have to ensure you select the individual that’s right for you similar to any line of work this is your financial possessions so we definitely need to make sure it’s the ideal individual 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 couple of different choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual methods i believe 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 information or anything you can basically have this virtual portfolio simulate as if you are using your own money but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine money perhaps this is an excellent alternative for you again to check the theories okay you might want to purchase tesla or apple or this etf why not use the virtual option as a way to type of safe play with it undoubtedly you might have lost out on gains and losses throughout that time naturally if you had invested your real cash it enables you to build confidence understand the platform so that’s one option for you then next week and i’m going to go back 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 remember before you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i indicate by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk just indicates am i okay with possibly losing an excellent quantity of this 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 fact 75 individuals will lose money but that equally suggests they’ll lose at some time in their journey clearly people do generate income as well and i have actually got videos everything about how you can make sure you are among the people to actually make money however in this scenario ensure you research study your risk level would you be alright giving your money to someone else which is successfully what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re somebody who isn’t wanting to be that risky do not pick somebody who’s entirely into crypto or currency conversion think of it you ‘d probably want a backbone of strong commodities
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like gold or even oil plus more traditional 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 in fact utilize this too really quickly over here you can copy individuals now it will give you a lot of choices and you can utilize the system to really search for someone that you expensive in fact following so let’s see maybe we want somebody from unified kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a good quantity and i can find everybody who has actually satisfied that requirements and it does offer you a danger aspect too 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 people that have rather high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no other 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 confirm are you okay with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she really purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got some of mine actually that i invest in too which is great so actually for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the sort of primary food companies and you have actually got you understand pharmaceutical and production business as that. Solium Shareworks To Etoro.
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