We get htis a lot on our site the answer to Dlavrov Etoro….Questions that i speak with new financiers 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 someone to do it for you there’s only a number of manner ins which that can occur the firstly you can work with an investment portfolio manager they’ll usually charge a quite a high premium to do that possibly a couple of percent of your profits will go to them the other thing is naturally you can buy mutual funds specific 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 also now if you’re brand new to a total please bear in mind this platform is rather advanced you can do cfds which naturally cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re learning about please do study the platform do not simply presume due to the fact that i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that option as well so you actually 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 of course your capital is at threat this is investing we’re doing you’re investing in real business if you pick to in this particular video we’re talking about how to copy other people’s financial investments with your cash so clearly your capital is at danger and we need to bear that in mind do not simply do something since that individual has stated they’ve made earnings 14 months in a row buy these choices because you believe is the right ones for you which being stated let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.
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popular for it’s the alternative to see what other traders are doing incredible we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can really state i wish to do exactly what that trader is doing or match that exact portfolio of choices and essentially each time they make a trade they purchase they offer whatever they do your cash will be simulated with it so that means 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 likewise cover is the charges included really vital you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the zero charge websites then might not charge you for really buying and selling etfs or funds specific products private 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 costs associated so do your due diligence and i’m going to reveal you the costs 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 advice finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s kick off with costs really important to understand these now on there’s a couple of charges there isn’t costs to do with actually buying and selling okay so commission costs are complimentary nevertheless there are a couple of other costs the first one is withdrawal fees 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 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 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 naturally knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might state okay that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are just one of those choices that they have a lot of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every six months you understand depends entirely how you’re investing however that is a charge to bear in mind the 2nd cost that i’ve discussed is that conversion fee now with you’re dealing in us dollars only there’s not an option to buy in euros or uk and that’s fine that suits 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 excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading two and 2 free trade anybody this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you kind of have to accept you know if you want to utilize their platform go from uk to us then that conversion cost is there what are they actually offering you in regards to 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 provide me us dollars instead you need to pay their charges now the great thing about however when you have actually converted your cash you do not have to invest it right away that dollar value can being in your portfolio as cash 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 takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s really excellent using that part of their site won’t definitely limit you in any way however we need to understand 2 other charges the very first being what’s called spread fees all right and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you
on is generally the distinction that belongs to the investment platform in between the buy rate 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 site today tesla’s dollar worth 599 per share in tesla that in fact indicates that when you wish to offer or purchase as you can see it’s not the rate you’re seeing up here let me show you that again so the existing cost 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 manner in which they make a small amount of profit 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 provide you less back with your sale and you say alright well why does that occur it simply 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 want to sell it which is how they make a bit of cash on those spread fees 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 once again make a little bit cash now the last feat is called an
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over night charge now this is really crucial if you’re in fact utilizing cfds yourself also an over night cost is when you’re not doing that buy sell transaction in the very same day all right there’s then an over night charge charged or even if you go from the friday to the monday prior to cruising 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 utilize which means you’re really purchasing the specific asset instead of utilizing leverage anyway you won’t get hit with these fees but these charges are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy selling in the same day so let’s state if you enter into the aid section this isn’t the overnight charges info 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 which only applies as i stated to cfds there are some service charges of course depending upon what you are purchasing too this is on your own so keep that in mind but full costs are completely within their assistance info alright and we talked about in addition to free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity 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 two different methods of really utilizing these copy works they do not have any additional charges on top of the regular costs that
are there now what you require to remember though is these potentially managed by other people totally or sometimes have created portfolios you have actually got a real person doing the management you need to make sure you choose the person that’s right for you just like any type of work this is your monetary properties so we absolutely require 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 want to utilize this function we have actually got a number of various alternatives for us first off 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 means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine cash perhaps this is an excellent choice for you again to evaluate the theories fine you may want to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe play with it obviously you might have missed out on gains and losses during that time of course if you had invested your real cash it permits you to construct confidence understand the platform so that’s one choice for you then next week and i’m going to go back 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 bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i imply by that obviously 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 alright with possibly losing a great quantity of this investment or gaining as
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well now keep in mind everything is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose cash however that equally means they’ll lose at some time in their journey clearly people do earn money also and i’ve got videos all about how you can make sure you are among individuals to actually earn money but in this scenario ensure you research study your risk level would you be alright offering your money to someone else which is efficiently what you’re doing and trusting them ensure you understand what they’re purchasing completely if you’re somebody who isn’t wanting to be that dangerous do not pick somebody who’s totally into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities
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like gold and even 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 say you can actually use this too really quickly over here you can copy individuals now it will give you a great deal of choices and you can use the system to in fact search for somebody that you fancy in fact following so let’s see maybe we desire somebody from joined kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a great amount and i can discover everyone who has actually met 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 undoubtedly there are a number of people that have quite high returns
remember it resembles anything to do with the news or forecasts of the future this does not mean someone 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 basic as clicking the copy button and off you go and after that 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 on this person for instance ruby mza as an example you can really deep dive into what is she in fact 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 bit so that’s good to know ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine really that i buy too which is excellent so actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s also got a bit more um of the sort of primary food business and you have actually got you know pharmaceutical and production business as that. Dlavrov Etoro.
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