We get this a lot on our site the answer to Copyportfolios Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you simply do not want to decide what you in fact want to invest and you want somebody to do it for you there’s only a couple of manner ins which that can happen the first off you can employ an investment portfolio supervisor they’ll generally charge a rather a high premium to do that possibly one or two percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular funds are developed 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 an overall please remember this platform is quite innovative you can do cfds which obviously cfds are ways 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 simply presume because i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they give that option as well so you in fact get utilized to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re purchasing real business if you pick to in this particular video we’re discussing how to copy other people’s investments with your cash so certainly your capital is at threat and we need to bear that in mind do not simply do something because that individual has stated they’ve made revenue 14 months in a row purchase these options because you believe is the right ones for you and that being stated let’s dive directly 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 probably.
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famous for it’s the option to see what other traders are doing incredible we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can really say i want to do precisely what that trader is doing or match that precise portfolio of choices and generally every time they make a trade they buy they offer whatever they do your money will be simulated with it so that suggests if for example 10 of their 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 involved really critical you comprehend what are the expenses of this now with any platform there will be some expense to clearly 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 really buying and selling etfs or funds specific commodities specific stocks.
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there’ll be charges 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 reveal you the fees with in particular in this video the next would be things to know prior to you actually start investing in copy trading or copy portfolios and finally some finest suggestions best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with costs truly crucial to comprehend these now on there’s a couple of costs there isn’t charges to do with really buying and selling alright so commission fees are complimentary however there are a couple of other fees the very first one is withdrawal charges so you can undoubtedly put money in now if you’re 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 in the future 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 of course understanding that i’m going to ensure that i’m only withdrawing when i absolutely require to now you might say all right that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are just one of those options that they have a great deal of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every 6 months you understand depends completely how you’re investing however that is a fee to keep in mind the second charge that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re utilizing trading two and two free trade anyone at all this is standard they have i expect stuck with whatever fee they charge for that conversion rate you sort of need to accept you understand if you want to use their platform go from uk to us then that conversion charge is there what are they really providing 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 give me us dollars instead you have to pay their costs now the great aspect of though when you have actually converted your cash you do not need to invest it immediately that dollar worth can sit in your portfolio as cash 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 takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s truly good using that part of their website won’t definitely limit you in any way nevertheless we have to know 2 other costs the first being what’s called spread charges alright and i’m going to show you what i suggest on now a spread cost as i’m going to reveal you
on is essentially the difference that becomes part of the investment platform in between the buy cost and the list price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that in fact implies that when you want to offer or purchase as you can see it’s not the price you’re seeing up here let me reveal you that once again so the existing price of tesla is the value of a share what’s called spread charges 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 make money from you every time you do a purchaser’s share so keep that in mind clearly 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 say alright well why does that occur it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to offer it and that is how they make a little bit of money on those spread charges it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a little bit cash now the last task is called an
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over night fee now this is really important if you’re actually using cfds yourself also an over night charge is when you’re refraining from doing that buy offer deal in the same day alright there’s then an over night charge charged or even 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 utilizing time one utilize which implies you’re actually purchasing the specific asset instead of utilizing utilize anyway you will not get hit with these costs however these charges are if you’re using leverage and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you enter into the assistance area 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 fees then for when you’re doing over night or you’re doing over weekends and that only applies as i said to cfds there are some surcharges naturally depending on what you are buying too this is on your own so keep that in mind but full charges are completely within their assistance details okay and we discussed in addition to totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of actually using these copy operates they don’t have any additional costs on top of the normal charges that
are there now what you require to keep in mind though is these potentially handled by other individuals totally or in some cases have actually created portfolios you have actually got a real individual doing the management you need to make certain you select the individual that’s right for you just like any kind of work this is your financial properties so we definitely require to ensure 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 number 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 genuine money or a virtual platform virtual methods 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 require to put in your charge card information or anything you can generally have this virtual portfolio mimic as if you are using your own cash but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real cash perhaps this is a fantastic alternative for you once again to test the theories fine you may wish to buy tesla or apple or this etf why not use the virtual option as a method to type of safe play with it undoubtedly you might have lost out on gains and losses throughout that time of course if you had actually invested your real cash it enables you to develop self-confidence comprehend 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 people and copy portfolios now here’s something to bear in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger 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 financial investments the riskier you can be run the risk of just implies am i okay with possibly 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 individuals will lose money but that similarly suggests they’ll lose eventually in their journey clearly individuals do generate income also and i’ve got videos everything about how you can ensure you’re one of individuals to really earn money but in this situation ensure you research your danger level would you be fine offering your money to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re buying completely if you’re somebody who isn’t wishing to be that risky do not select somebody who’s totally into crypto or currency conversion consider it you ‘d probably desire a backbone of strong commodities
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like gold or even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually use this too truly quickly over here you can copy individuals now it will offer you a great deal of choices and you can use the system to in fact search for someone that you fancy in fact following so let’s see possibly we want someone from joined kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds a good amount and i can find everybody 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 obviously there are a variety of people that have quite high returns
remember it resembles anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to confirm are you all right with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she really purchasing 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 great to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine really that i purchase too which is great so in fact for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s likewise got a bit more um of the type of main food business and you’ve got you know pharmaceutical and production business as that. Copyportfolios Etoro.
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