We get this a lot on our site the answer to Etoro Influencer….Questions that i hear from brand-new investors what if you’re brand new to investing you simply don’t want to choose what you really wish to invest and you desire someone to do it for you there’s just a number of ways that that can happen the firstly you can hire an investment portfolio manager they’ll usually charge a rather a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is obviously you can purchase mutual funds particular funds are created 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 a total please keep in mind this platform is quite sophisticated you can do cfds which of course cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning more about please do study the platform do not simply presume because i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that choice also so you actually get used to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re buying real business if you pick to in this particular video we’re discussing how to copy other individuals’s financial investments with your money so clearly your capital is at danger and we need to bear that in mind do not just do something since that person has actually stated they have actually made earnings 14 months in a row invest in these choices since you think is the ideal ones for you and that being stated let’s dive straight in [Music] so the important 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 aspect that is probably.
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popular for it’s the alternative to see what other traders are doing amazing we do not generally 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 say i wish to do exactly what that trader is doing or match that exact portfolio of options and basically whenever they make a trade they purchase they sell whatever they do your cash will be imitated with it so that means 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 also cover is the charges included really critical you comprehend what are the expenses of this now with any platform there will be some cost to obviously 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 absolutely no charge websites then may not charge you for actually buying and selling etfs or funds individual products individual stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees 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 actually begin purchasing copy trading or copy portfolios and lastly some best recommendations finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s kick off with fees really important to comprehend these now on there’s a couple of charges there isn’t costs to do with in fact buying and selling all right so commission costs are complimentary however there are a number of other fees the very first one is withdrawal charges so you can clearly 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 money so you sell your shares you offer your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might state fine that’s quite 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 fees are just one of those choices that they have a lot of platforms undoubtedly are totally free to do such things has this five 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 know depends totally how you’re investing but that is a fee to remember the 2nd fee that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyway 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 cost 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 with whatever fee they charge for that conversion rate you sort of have to accept you understand if you want to utilize their platform go from uk to us then that conversion fee is there what are they actually 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 rather you need to pay their fees now the terrific thing about however when you have actually transformed your cash you do not have to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies the initial 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 extra costs so that’s truly excellent using that part of their site will not definitely restrict you in any way however we have to understand 2 other charges the very first being what’s called spread charges alright and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is basically the difference that becomes part of the investment platform between the buy price 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 really suggests that when you wish to sell or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current rate of tesla is the worth of a share what’s called spread charges is the distinction then really to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of profit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to offer so they’re going to provide you less back with your sale and you say fine well why does that happen 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 sell it which is how they make a little bit of cash on those spread out costs it’s generally exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a little bit money now the last task is called an
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over night cost now this is actually crucial if you’re really utilizing cfds yourself also an over night fee is when you’re refraining from doing that buy offer transaction in the exact same day all right there’s then an overnight charge 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 really buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re actually buying the specific possession instead of using utilize anyway you will not get hit with these fees however these charges are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s say if you go into the assistance section this isn’t the over night costs info you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that only applies as i stated to cfds there are some additional charges of course depending on what you are investing in too this is on your own so keep that in mind however full costs are completely within their help info alright and we discussed along with free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything 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 various ways of in fact using these copy operates they don’t have any additional costs on top of the regular charges that
are there now what you need to bear in mind though is these potentially handled by other people entirely or sometimes have developed portfolios you’ve got a real person doing the management you need to make certain you pick the individual that’s right for you similar to any kind of work this is your financial assets so we definitely require 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 first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash 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 won’t require to put in your charge card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing 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 genuine cash perhaps this is a great choice for you again to check the theories okay you might want to buy tesla or apple or this etf why not use the virtual alternative as a way to sort of safe have fun with it undoubtedly you might have missed out on gains and losses throughout that time obviously if you had actually invested your real cash it permits you to develop self-confidence comprehend 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 in fact how to copy individuals and copy portfolios now here’s something to keep in mind prior to you pick someone 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 indicate by that undoubtedly 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 risk simply indicates am i okay with potentially losing a great amount of this investment or getting as
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well now keep in mind whatever is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose cash however that equally implies they’ll lose at some point in their journey certainly people do make money too and i have actually got videos everything about how you can make sure you are among individuals to in fact earn money but in this situation make certain you research your threat level would you be all right offering your money to someone else which is successfully what you’re doing and trusting them make sure you understand what they’re investing in fully if you’re someone who isn’t wanting to be that risky do not select somebody who’s entirely into crypto or currency conversion think of it you ‘d probably want a foundation of strong commodities
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like gold or even 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 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 expensive in fact following so let’s see perhaps we want somebody from united kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can discover everyone who has actually fulfilled that requirements and it does offer you a threat element also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to verify are you alright with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she really investing in 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 excellent to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine in fact that i buy too which is excellent so in fact for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s also got a little bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Influencer.
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