We get htis a lot on our site the answer to Etoro Bot….Questions that i speak with new financiers what if you’re brand new to investing you just do not wish to decide what you actually want to invest and you desire somebody to do it for you there’s only a number of ways that that can occur the to start with you can work with a financial investment portfolio manager they’ll normally charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific funds are created once 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 a total please remember 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 finding out about please do study the platform don’t simply assume because i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they give that choice also so you actually get utilized to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re purchasing genuine business if you pick to in this particular video we’re talking about how to copy other individuals’s financial investments with your money so certainly your capital is at threat and we need to bear that in mind do not simply do something since that person has actually said they’ve made revenue 14 months in a row invest in these options since you think is the best ones for you and that being said let’s dive straight 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 aspect that is most likely.
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well-known for it’s the option to see what other traders are doing extraordinary we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can actually state i wish to do precisely what that trader is doing or match that exact portfolio of options and generally each time they make a trade they purchase they offer whatever they do your cash will be simulated with it so that indicates if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the fees involved really crucial you comprehend what are the expenses of this now with any platform there will be some expense to certainly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no fee sites then may not charge you for actually buying and selling funds or etfs specific products private stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges 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 understand prior to you really begin buying copy trading or copy portfolios and finally some finest advice finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s begin with charges really important to understand these now on there’s a couple of costs there isn’t fees to do with really buying and selling all right so commission charges are complimentary however there are a couple of other fees the very first one is withdrawal costs so you can certainly put cash in now if you’re in the uk we put our uk money.
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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 sell 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 understanding that i’m going to make certain that i’m just withdrawing when i definitely need to now you may state all right that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are simply among those options that they have a great deal of platforms undoubtedly are free 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 as soon as every 6 months you understand depends totally how you’re investing but that is a cost to remember the second charge that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s fine 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 fee now when you utilize anyone so if you’re using trading two and two open market anyone at all this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you type of need to accept you know if you want to use their platform go from uk to us then that conversion cost is there what are they in fact offering 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 state provide me us dollars instead you have to pay their charges now the excellent aspect of though when you have actually transformed your money you do not need to invest it immediately that dollar value can being 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 actually excellent using that part of their website will not definitely restrict you in any way nevertheless we need to understand 2 other fees the very first being what’s called spread costs fine 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 price alright 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 worth 599 per share in tesla that really suggests that when you want to purchase or sell as you can see it’s not the cost 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 charges is the distinction then actually to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind clearly it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you say all right 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 want to offer it and that is how they make a little bit of money on those spread out fees it’s usually extremely little it could be a matter of pens matter of cents in there but 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 cost now this is actually important if you’re in fact using cfds yourself too an over night cost is when you’re not doing that buy sell transaction in the exact same day alright there’s then an overnight charge charged or even if you go from the friday to the monday before sailing a weekend fee 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 in fact buying the precise asset rather than utilizing utilize anyhow you won’t get hit with these costs however these charges are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the same day so let’s say if you go into the help section this isn’t the over night charges information you can see exactly 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 which just applies as i said to cfds there are some additional charges of course depending on what you are investing in also this is on your own so keep that in mind however full charges are totally within their assistance information fine and we spoke about along with complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of really utilizing these copy functions they do not have any additional costs on top of the typical costs that
exist now what you require to keep in mind though is these possibly managed by other individuals totally or in some cases have actually developed portfolios you’ve got a genuine person doing the management you need to ensure you choose the individual that’s right for you much like any type of work this is your financial properties so we absolutely need 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 wish to use this function we’ve got a couple of various options for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun 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 basically have this virtual portfolio simulate as if you are using your own cash however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real money maybe this is a fantastic alternative for you again to evaluate the theories all right you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe play with it obviously you may have lost out on gains and losses throughout that time of course if you had actually invested your real cash it allows you to develop self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to return 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 certainly 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 means am i alright with possibly losing a great amount of this financial investment or acquiring as
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well now remember whatever is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 people will lose money but that similarly indicates they’ll lose at some point in their journey obviously individuals do earn money also and i’ve got videos all about how you can make sure you are among the people to really make money however in this circumstance ensure you research your threat level would you be okay offering your cash to somebody else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re investing in fully if you’re somebody who isn’t wishing to be that dangerous don’t choose someone who’s entirely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really use this too really easily over here you can copy individuals now it will provide you a great deal of options and you can use the system to actually search for someone that you elegant actually following so let’s see possibly we desire somebody 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 discover everyone who has actually fulfilled that requirements and it does give you a threat element as well 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 rather high returns
remember it’s like anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to confirm are you okay with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can in fact 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 excellent 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 actually that i purchase too which is excellent so really for me understanding what i like to purchase my private 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 also got a bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production companies as that. Etoro Bot.
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