We get htis a lot on our site the answer to E Toro Stamp Duty….Questions that i speak with new financiers what if you’re brand new to investing you simply don’t want to decide what you in fact wish to invest and you want someone to do it for you there’s just a couple of ways that that can happen the to start with you can hire a financial investment portfolio manager they’ll normally charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds specific 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 also now if you’re brand new to an overall please keep in mind this platform is rather advanced 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 assume 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 choice too so you actually get used to the structure of the website and then when you’re ready to utilize your own cash 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 companies 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 risk and we have to bear that in mind do not just do something since that person has stated they’ve made profit 14 months in a row invest in these choices because you believe is the right ones for you which being said let’s dive straight 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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popular for it’s the alternative to see what other traders are doing unbelievable we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can in fact state i want to do exactly what that trader is doing or match that exact portfolio of alternatives and basically whenever they make a trade they buy they sell whatever they do your cash will be simulated with it so that implies if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees involved truly crucial you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no fee sites then may not charge you for in fact buying and selling etfs or funds specific products private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees 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 prior to you actually start purchasing copy trading or copy portfolios and lastly some finest recommendations finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s kick off with costs actually essential to comprehend these now on there’s a couple of charges there isn’t costs to do with really buying and selling all right so commission fees are free however there are a number of other fees the very first one is withdrawal charges so you can certainly put money in now if you remain in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your cash so you sell your shares you offer your commodities whatever you’re selling 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 knowing that i’m going to make certain that i’m only withdrawing when i definitely need to now you may say all right that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are just among those choices that they have a great deal of platforms clearly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every 6 months you know depends totally how you’re investing but that is a fee to bear in mind the second fee that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk and that’s great that matches me.
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a great deal 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 fee now when you utilize anyone so if you’re using trading 2 and 2 free trade anybody this is basic 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 want to use their platform go from uk to us then that conversion cost exists what are they in fact giving you in terms of 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 rather you have to pay their costs now the great aspect of however when you have actually converted your cash you do not have to invest it immediately that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests 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 truly good utilizing that part of their website will not certainly limit you in any way nevertheless we have to understand 2 other charges the first being what’s called spread costs fine and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is essentially the difference that becomes part of the financial investment platform between the buy cost and the price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that actually means that when you want to buy or sell as you can see it’s not the cost you’re seeing up here let me show you that once again so the present price of tesla is the value of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll find this everywhere this is another way that they make a small amount of profit from you each time you do a buyer’s share so keep that in mind clearly it’s more costly to purchase than it is to offer so they’re going to offer you less back with your sale and you state okay well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to offer it which is how they make a little bit of money on those spread out costs it’s typically extremely little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit money now the last task is called an
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overnight fee now this is truly important if you’re in fact using cfds yourself too an overnight fee is when you’re not doing that buy offer transaction in the same day okay there’s then an over night cost charged or perhaps if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which implies you’re actually buying the exact asset rather than using utilize anyway you won’t get hit with these charges but these costs are if you’re using take advantage of and cfds and after that you’re going to have these fees if you’re not buy offering in the very same day so let’s state if you go into the help area this isn’t the overnight costs information you can see precisely the breakdown and it’ll tell 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 just applies as i said to cfds there are some service charges obviously depending on what you are buying also this is on your own so keep that in mind however full charges are completely within their help details okay and we spoke about along with free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of in fact utilizing these copy functions they do not have any extra fees on top of the normal charges that
exist now what you need to remember though is these potentially managed by other people entirely or sometimes have produced portfolios you’ve got a real person 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 monetary properties so we definitely need to make sure it’s the best individual for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of different alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your credit card information or anything you can essentially have this virtual portfolio mimic as if you are using your own money however actually 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 a great choice for you again to evaluate the theories okay you might wish to purchase tesla or apple or this etf why not use the virtual option as a method to sort of safe have fun with it obviously you might have lost out on gains and losses throughout that time of course if you had invested your genuine money it enables you to construct confidence comprehend 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 really how to copy people and copy portfolios now here’s something to keep in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i suggest 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 run the risk of simply means am i alright with potentially losing a good quantity of this financial investment or getting as
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well now remember everything is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose money but that similarly implies they’ll lose at some point in their journey obviously individuals do make money too and i’ve got videos all about how you can make sure you are among individuals to really generate income but in this circumstance ensure you research your risk level would you be alright giving your cash to another person which is successfully what you’re doing and trusting them make certain you comprehend what they’re investing in completely if you’re somebody who isn’t wanting to be that risky don’t select someone who’s completely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong products
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like gold and even oil plus more standard 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 really utilize this too actually quickly over here you can copy individuals now it will give you a lot of choices and you can utilize the system to really look for someone that you fancy really following so let’s see perhaps we desire somebody from unified kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds a good quantity and i can find everybody who has actually met that criteria and it does provide you a danger aspect also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of people that have quite 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 simple as clicking the copy button and off you go and then you know ask you to confirm are you alright 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 in fact deep dive into what is she in fact purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got some of mine in fact that i invest in too which is great so actually for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s likewise got a little bit more um of the kind of primary food business and you have actually got you understand pharmaceutical and production business as that. E Toro Stamp Duty.
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