We get this a lot on our site the answer to Etoro Seasaw….Questions that i hear from new financiers what if you’re brand new to investing you simply do not want to choose what you really wish to invest and you want 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 typically charge a rather a high premium to do that possibly one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds specific funds are produced 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 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 discovering please do study the platform do not simply assume since i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they give that option as well so you really get utilized to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re investing in real business if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your money so obviously your capital is at risk and we need to bear that in mind do not simply do something since that individual has actually said they’ve made profit 14 months in a row purchase 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 element that is most likely.
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famous for it’s the option to see what other traders are doing unbelievable we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can really say i wish to do precisely what that trader is doing or match that exact portfolio of choices and generally every 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 money in so we’re going to likewise cover is the fees involved really critical you understand what are the expenses of this now with any platform there will be some cost to clearly 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 a few of the absolutely no charge websites then may not charge you for in fact buying and selling etfs or funds specific commodities specific 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 charges 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 prior to you really start purchasing copy trading or copy portfolios and lastly some best recommendations finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s kick off with costs actually important to comprehend these now on there’s a number of costs there isn’t fees to do with actually buying and selling alright so commission costs are complimentary however there are a number of other fees the very first one is withdrawal costs so you can obviously put cash in now if you remain 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 however when you want 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 of course understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might say fine that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are just one of those options that they have a lot of platforms obviously are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every six months you know depends completely how you’re investing but that is a fee to remember the second charge that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk and that’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading 2 and two open market anyone at all this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you kind of need to accept you understand if you want to utilize their platform go from uk to us then that conversion cost is there what are they really 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 rather you need to pay their costs now the great thing about though when you have actually converted your money you do not need to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that indicates 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 using that part of their website won’t definitely restrict you in any way nevertheless we have to be aware of 2 other costs the first being what’s called spread fees okay and i’m going to reveal you what i mean on now a spread cost as i’m going to reveal you
on is basically the distinction that belongs to the financial investment platform between the buy price and the list price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that in fact suggests that when you wish to purchase or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current price of tesla is the worth of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind certainly it’s more expensive to buy than it is to offer so they’re going to offer you less back with your sale and you state fine 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 wish to offer it and that is how they make a little bit of cash on those spread charges it’s generally incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit money now the last feat is called an
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overnight fee now this is actually essential if you’re actually using cfds yourself as well an over night fee is when you’re refraining from doing that buy sell transaction in the exact same day okay there’s then an over night cost charged or even 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 in fact buying out the etf the stock the commodity and using time one utilize which implies you’re actually buying the precise possession rather than utilizing take advantage of anyhow you will not get hit with these charges but these charges 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 say if you enter into the assistance area this isn’t the overnight charges information you can see precisely 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 just applies as i stated to cfds there are some added fees of course depending on what you are purchasing too this is on your own so keep that in mind however full fees are totally within their assistance info alright and we spoke about along with totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of in fact utilizing these copy operates they do not have any extra fees on top of the typical costs that
exist now what you need to bear in mind though is these potentially handled by other people entirely or in some cases have actually produced portfolios you’ve got a real person doing the management you need to make sure you select the person that’s right for you similar to any line of work this is your monetary properties so we definitely need to make sure it’s the right individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of different choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual methods i think 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 charge card information or anything you can generally have this virtual portfolio simulate as if you are using your own cash but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash maybe this is a fantastic choice for you again to check the theories okay you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe have fun with it obviously you might have lost out on gains and losses during that time obviously if you had invested your genuine cash it permits you to develop self-confidence understand 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 really 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 understand what your risk profile is now what do i indicate by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply suggests am i okay with potentially losing a great amount of this financial investment or gaining as
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well now keep in mind everything is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 people will lose cash but that similarly implies they’ll lose at some point in their journey clearly people do earn money as well and i have actually got videos everything about how you can ensure you are among the people to in fact earn money but in this situation make certain you research study your risk level would you be alright offering your cash to somebody else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re buying completely if you’re somebody who isn’t wanting to be that risky do not pick somebody who’s totally into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong products
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like gold or perhaps oil plus more traditional 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 actually use this too actually easily over here you can copy individuals now it will give you a lot of options and you can utilize the system to in fact look for someone that you expensive in fact following so let’s see maybe we desire somebody from unified kingdom um who invests in 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 satisfied that criteria and it does give you a danger factor as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have rather high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to verify are you all right with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she really investing in so let’s go 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 know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine actually that i invest in too which is great so in fact for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s likewise got a bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production business as that. Etoro Seasaw.
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