We get htis a lot on our site the answer to Fantom Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you merely do not want to decide what you really wish to invest and you want someone to do it for you there’s just a couple of ways that that can occur the first of all you can employ an investment portfolio manager they’ll normally charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is naturally you can purchase 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 too now if you’re brand new to an overall please keep in mind this platform is rather sophisticated you can do cfds which of course cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform do not simply presume because i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that alternative too so you actually get utilized 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 naturally your capital is at threat this is investing we’re doing you’re purchasing real business if you choose to in this particular video we’re talking about how to copy other people’s financial investments with your money so clearly your capital is at danger and we need to bear that in mind do not simply do something because that person has actually said they have actually made revenue 14 months in a row invest in these choices due to the fact that you believe is the ideal ones for you which being stated let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes 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 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 suggests with our cash we can really 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 buy they sell whatever they do your money will be simulated with it so that indicates 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 costs involved truly critical you understand what are the expenses of this now with any platform there will be some cost to clearly 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 cost sites then might not charge you for in fact buying and selling funds or etfs specific commodities 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 sort of costs 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 know prior to you actually begin purchasing copy trading or copy portfolios and finally some best recommendations finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s begin with fees actually essential to comprehend these now on there’s a number of costs there isn’t charges to do with in fact buying and selling alright so commission costs are free nevertheless there are a couple of other charges the very first one is withdrawal costs so you can undoubtedly put money in now if you remain 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 however when you wish to withdraw your money so you offer 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 naturally understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might state all right that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are simply one of those alternatives 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 largely it can be maybe even once a year when every 6 months you understand depends completely how you’re investing however that is a cost to keep in mind the 2nd fee that i have actually discussed is that conversion fee now with you’re dealing in us dollars only there’s not an option to buy in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading 2 and 2 open market anybody this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you sort of need to accept you understand if you wish 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 bargain with them you can’t go to the bank and say give me us dollars instead you have to pay their fees now the excellent aspect of though when you have actually transformed your cash you do not have to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s actually excellent using that part of their website will not definitely limit you in any way however we have to know two other charges the first being what’s called spread fees alright and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you
on is generally the difference that is part of the investment platform between the buy rate and the sale price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that actually suggests that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing rate of tesla is the worth of a share what’s called spread fees is the difference then actually to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you whenever you do a purchaser’s share so keep that in mind certainly it’s more costly to purchase than it is to sell so they’re going to give you less back with your sale and you state alright well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to offer it which is how they make a bit of cash on those spread charges it’s generally extremely small 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 money now the last task is called an
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over night cost now this is really important if you’re in fact utilizing cfds yourself too an overnight cost is when you’re not doing that buy offer deal in the exact same day alright there’s then an overnight cost charged and even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which implies you’re really buying the exact asset rather than using take advantage of anyhow you will not get hit with these charges however these costs are if you’re using leverage and cfds and after that you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you enter into the aid section this isn’t the overnight fees info 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 overnight or you’re doing over weekends which just applies as i said to cfds there are some service charges naturally depending upon what you are purchasing too this is on your own so keep that in mind but full costs are totally within their help information all right and we talked about in addition to totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of actually using these copy works they do not have any additional fees on top of the typical fees that
are there now what you need to remember though is these potentially managed by other people entirely or sometimes have developed portfolios you have actually got a real person doing the management you need to ensure you pick the person that’s right for you just like any type of work this is your financial possessions so we absolutely require 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 utilize this function we’ve got a couple of various options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real money or a virtual platform virtual means 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 need to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are using your own money but really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money perhaps this is an excellent alternative for you again to test the theories okay you might want to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe play with it obviously you may have missed out on gains and losses during that time naturally if you had actually invested your real money it permits you to construct self-confidence understand the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i mean 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 risk simply implies am i okay with possibly losing a good quantity of this financial investment or gaining as
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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the statistic 75 people will lose money but that equally implies they’ll lose eventually in their journey certainly individuals do generate income as well and i have actually got videos all about how you can make sure you’re one of individuals to in fact generate income however in this situation ensure you research study your risk level would you be okay providing your money to someone else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re somebody who isn’t wanting to be that risky do not choose someone who’s completely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products
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like gold or perhaps oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually use this too actually easily over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to really search for someone that you fancy actually following so let’s see perhaps we want someone from joined kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everybody who has satisfied that criteria and it does give you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now certainly 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 could make 4 or minus 50 there’s no other way to ensure 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 verify are you fine with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she in fact investing in so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine really that i buy too which is excellent so actually for me knowing what i like to invest in 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 type of main food business and you’ve got you understand pharmaceutical and production business as that. Fantom Etoro.
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