So to start the answer to Theopisti Giokka Etoro….Concerns that i speak with brand-new investors what if you’re brand new to investing you just don’t want to choose what you actually wish to invest and you want somebody to do it for you there’s just a couple of manner ins which that can occur the first off you can work with an investment portfolio manager they’ll generally charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 keep in mind this platform is rather innovative you can do cfds which naturally cfds are ways of investing financier, market, fee, time, broker, deposit, trade, accounts, evaluation, utilize, crypto, worth, funds, performance, trades, stocks, properties, markets, copy, service, spread, demonstration, access, withdrawal high danger, trading cfds, social trading, retail investor accounts, demonstration account, previous efficiency, social trading platform, minimum deposit, business combination, U.S.A. llc, trading platform, regulatory. with not actually having the total of capital so with anything that you’re discovering please do study the platform don’t just assume due to the fact that i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that alternative too so you really get utilized to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying genuine companies if you pick to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so certainly 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 profit 14 months in a row invest in these options due to the fact that you believe is the best ones for you which being stated let’s dive directly 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 probably.
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famous 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 benefit is these copy portfolios are copy trading and so that implies with our cash we can really state i want to do exactly what that trader is doing or match that specific portfolio of alternatives and essentially whenever they make a trade they buy they sell whatever they do your cash will be simulated with it so that means if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges involved actually critical you understand what are the expenses of this now with any platform there will be some cost to clearly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the no cost websites then might not charge you for actually buying and selling etfs or funds individual products individual stocks. structure, future results, user score, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer service, popular investor, joined states, cfds work, etoro review, genuine cash, copy trading, charge card, etoro demo account, trading charges, volatile instruments. 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 sort of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know before you in fact start investing in copy trading or copy portfolios and finally some best advice finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s start with charges actually crucial to understand these now on there’s a number of costs there isn’t charges to do with in fact buying and selling all right so commission charges are free however there are a number of other fees the very first one is withdrawal fees so you can undoubtedly put cash in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your cash so you offer your shares you offer your products whatever you’re offering 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 make certain that i’m just withdrawing when i definitely require to now you may state 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 just among those options that they have a great deal of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every 6 months you know depends totally how you’re investing but that is a charge to bear in mind the 2nd charge that i’ve discussed is that conversion fee now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk which’s fine that fits me.
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a lot 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 charge now when you utilize anybody so if you’re using trading two and two free trade anybody this is standard they have i expect stuck with whatever cost 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 charge 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 provide me us dollars instead you have to pay their fees now the terrific aspect of however when you’ve transformed your cash you do not need to invest it right now that dollar worth 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 extra charges so that’s truly good utilizing that part of their site won’t certainly restrict you in any way however we need to understand two other charges the first being what’s called spread fees fine and i’m going to reveal you what i mean on now a spread fee as i’m going to show you on is essentially the difference that is part of the financial investment platform between the buy price 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 worth 599 per share in tesla that really indicates that when you wish to offer or purchase as you can see it’s not the cost you’re seeing up here let me show you that once again so the existing rate of tesla is the worth of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind obviously it’s more expensive to buy than it is to offer so they’re going to provide you less back with your sale and you say all right well why does that occur 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 wish to offer it which is how they make a bit of money on those spread out charges it’s typically exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a little bit cash now the last task is called an
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overnight fee now this is really crucial if you’re in fact using cfds yourself also an over night fee is when you’re not doing that buy sell deal in the very same day okay there’s then an overnight charge charged or even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one leverage which indicates you’re actually purchasing the precise property instead of using leverage anyhow you will not get hit with these fees however these fees are if you’re utilizing leverage 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 over night charges info you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends and that only applies as i stated to cfds there are some additional charges of course depending on what you are purchasing as well this is on your own so keep that in mind however full fees are completely within their aid details alright and we talked about along with totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of actually utilizing these copy functions they do not have any additional charges on top of the typical costs that exist now what you require to bear in mind though is these possibly handled by other individuals totally or often have actually created portfolios you’ve got a genuine individual doing the management you have to ensure you pick the person that’s right for you much like any type of work this is your monetary assets so we definitely require to ensure it’s the right 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 various options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play 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 mimic as if you are utilizing your own money however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash maybe this is an excellent choice for you again to evaluate the theories okay you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe have fun with it obviously you may have lost out on gains and losses during that time naturally if you had invested your genuine money it allows you to construct confidence understand the platform so that’s one alternative 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 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 suggest by that clearly 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 run the risk of simply implies am i all right with possibly losing an excellent quantity of this financial investment or getting as etoro, trading, account, platform, traders, money, danger, trader, financial investment, portfolio, cryptocurrency, costs, cfds, cryptocurrencies, investors, users Theopisti Giokka Etoro well now remember everything is ups and downs you will generate income you’ll lose cash that’s why they make the fact 75 individuals will lose cash however that similarly implies they’ll lose at some time in their journey clearly people do earn money as well and i have actually got videos all about how you can make certain you are among individuals to actually earn money but in this scenario make certain you research study your risk level would you be alright giving your money to another person which is successfully what you’re doing and trusting them make certain you comprehend what they’re purchasing totally if you’re somebody who isn’t wanting to be that dangerous do not choose somebody who’s totally into crypto or currency conversion think of it you ‘d probably desire a foundation of strong products
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like gold and even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually use this too actually easily over here you can copy individuals now it will provide you a lot of options and you can utilize the system to in fact look for someone that you elegant really following so let’s see perhaps we want someone from unified kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has satisfied that criteria and it does provide you a risk factor too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have quite 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 4 or minus 50 there’s no chance to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to confirm are you all right with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she in fact buying 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 absolutely like type of into those blue box and the tech market she’s got some of mine really that i invest in too which is excellent so in fact 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 chooses she’s likewise got a little bit more um of the kind of primary food companies and you’ve got you know pharmaceutical and production companies as that. Theopisti Giokka Etoro. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund supervisor, etf, coinbase,, liquidity, indexes, market order