We get this a lot on our site the answer to Etoro Cosa √®….Questions that i hear from brand-new financiers what if you’re brand new to investing you simply don’t wish to decide what you in fact want to invest and you want somebody to do it for you there’s just a number of ways that that can take place the to start with you can hire a financial investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are developed 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 naturally cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform do not just assume because i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they consider that option as well so you actually get used to the structure of the site and then when you’re ready to use your own cash 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 purchasing real companies if you pick to in this specific video we’re discussing how to copy other people’s financial investments with your money so obviously your capital is at risk and we need to bear that in mind do not just do something since that person has said they have actually made revenue 14 months in a row invest in these choices because you think is the right ones for you and that being stated 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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popular for it’s the option to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can actually state i want to do exactly what that trader is doing or match that specific portfolio of options and generally every time they make a trade they buy they sell whatever they do your cash 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 cash in so we’re going to also cover is the costs involved actually critical you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero charge websites then may not charge you for actually buying and selling etfs or funds private commodities specific stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand before you really begin purchasing copy trading or copy portfolios and finally some best suggestions best 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 actually crucial to understand these now on there’s a couple of charges there isn’t fees to do with in fact buying and selling alright so commission fees are totally free nevertheless there are a number of other costs the very first one is withdrawal fees so you can certainly put money in now if you remain 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 however when you want to withdraw your money so you offer your shares you offer your products 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 sure that i’m just withdrawing when i definitely require to now you might 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 costs someplace and withdrawal charges are simply among those alternatives that they have a lot of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every 6 months you know depends entirely how you’re investing but that is a fee to remember the 2nd fee that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’s great that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading two and 2 open market anybody this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you type of have to accept you understand if you want to use their platform go from uk to us then that conversion fee 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 haggle with them you can’t go to the bank and say offer me us dollars instead you need to pay their charges now the fantastic aspect of however when you have actually converted your money you do not have to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that suggests the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s really good utilizing that part of their site will not definitely limit you in any way however we need to know 2 other costs the very 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 generally the distinction that becomes part of the investment platform between the buy rate and the list 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 worth 599 per share in tesla that really suggests that when you want to buy or offer as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing rate of tesla is the worth of a share what’s called spread costs is the difference then really to purchase 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 each time you do a buyer’s share so keep that in mind obviously 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 all right well why does that happen 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 costs it’s generally incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit money now the last task is called an
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over night cost now this is really crucial if you’re in fact using cfds yourself too an over night fee is when you’re not doing that buy sell deal in the exact same day fine there’s then an overnight cost charged or even if you go from the friday to the monday before cruising a weekend cost now this just 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 actually buying the exact asset instead of utilizing leverage anyway you won’t get hit with these fees however these charges are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy selling in the exact same day so let’s state if you go into the aid section this isn’t the overnight fees info you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which only applies as i stated to cfds there are some surcharges of course depending on what you are investing in as well this is on your own so keep that in mind however complete charges are entirely within their aid info okay and we spoke about as well as complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two various methods of actually using these copy operates they don’t have any additional costs on top of the typical costs that
are there now what you require to keep in mind though is these possibly managed by other individuals entirely or in some cases have developed portfolios you’ve got a genuine individual doing the management you need to make certain you select the individual that’s right for you much like any line of work this is your financial properties so we definitely need to ensure it’s the ideal person 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 couple of different options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i believe 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 credit card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is a terrific option for you again to check the theories alright you may want to purchase tesla or apple or this etf why not use the virtual choice as a way to kind of safe play with it undoubtedly you may have lost out on gains and losses throughout that time naturally if you had actually invested your genuine money it permits you to build 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 in fact how to copy people and copy portfolios now here’s something to remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i imply 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 implies am i fine with potentially losing a good quantity of this investment or acquiring 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 fact 75 individuals will lose money but that similarly suggests they’ll lose at some time in their journey certainly people do make money also and i’ve got videos everything about how you can make sure you are among the people to in fact generate income but in this situation make certain you research study your risk level would you be fine giving your money to someone else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re buying completely if you’re somebody who isn’t wishing to be that dangerous do not pick somebody who’s totally into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong products
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like gold or even oil plus more traditional etfs and index funds you might 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 really utilize this too actually easily over here you can copy individuals now it will give you a lot of choices and you can utilize the system to in fact look for somebody that you expensive really following so let’s see possibly we want somebody from unified kingdom um who buys let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can find everybody who has actually fulfilled that requirements and it does provide you a risk 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 rather high returns
bear in mind it’s like 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 simple as clicking the copy button and off you go and then you understand ask you to confirm are you alright with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she actually buying 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 great to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is great so actually for me knowing what i like to invest in 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 type of main food business and you’ve got you know pharmaceutical and production companies as that. Etoro Cosa √®.
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