We get htis a lot on our site the answer to Ibrahim Chauvin Etoro….Concerns that i hear from brand-new financiers what if you’re brand new to investing you just do not wish to decide what you in fact wish to invest and you want 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 an investment portfolio manager they’ll usually charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are created once 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 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 methods of investing
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with not in fact having the total of capital so with anything that you’re discovering 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 play around with it even invest with virtual money they consider that option also so you really get utilized to the structure of the site and after that when you’re ready to utilize your own money 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 business if you select to in this particular video we’re speaking about how to copy other people’s financial investments with your money so certainly your capital is at risk and we need to bear that in mind do not just do something since that individual has actually stated they’ve made revenue 14 months in a row buy these choices since you believe is the best ones for you and that being said let’s dive directly in [Music] The 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 most likely.
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well-known for it’s the option to see what other traders are doing extraordinary we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our money we can really state i wish to do exactly what that trader is doing or match that specific portfolio of choices and generally each time they make a trade they purchase they offer whatever they do your cash will be imitated with it so that indicates if for example 10 of their 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 charges involved actually crucial you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine business 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 charge websites then may not charge you for really buying and selling etfs or funds private products private stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know before you really begin buying copy trading or copy portfolios and lastly some finest recommendations finest practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s kick off with fees actually important to understand these now on there’s a number of costs there isn’t costs to do with actually buying and selling alright so commission charges are totally free nevertheless there are a number of other fees the first one is withdrawal fees so you can clearly put cash in now if you’re 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 in the future however when you wish to withdraw your cash so you offer your shares you offer your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may say okay that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are just among those alternatives 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 largely it can be perhaps even once a year once every six months you understand depends entirely how you’re investing however that is a charge to remember the 2nd fee that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk and that’s fine that matches me.
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a lot of my stocks are us dollar stocks anyway 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 use anyone so if you’re using trading 2 and two open market anybody this is basic they have actually i expect stuck with whatever cost they charge for that conversion rate you kind of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost is there what are they really providing 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 instead you have to pay their costs now the terrific aspect of however when you have actually converted your cash you do not need to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that means the initial 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 utilizing that part of their website won’t definitely limit you in any way however we have to know 2 other costs the first being what’s called spread charges okay and i’m going to reveal you what i imply on now a spread cost as i’m going to reveal you
on is generally the difference that is part of the investment platform between the buy price and the sale price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that in fact indicates that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that once again so the present rate of tesla is the value of a share what’s called spread costs is the difference then actually 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 every time you do a buyer’s share so keep that in mind obviously it’s more costly to buy than it is to offer so they’re going to provide you less back with your sale and you state alright well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to sell it and that is how they make a little bit of cash on those spread charges it’s generally exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a little bit cash now the last task is called an
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overnight charge now this is truly essential if you’re actually utilizing cfds yourself too an over night cost is when you’re refraining from doing that buy offer deal in the very same day fine there’s then an over night fee charged and even if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one leverage which indicates you’re in fact purchasing the exact asset instead of utilizing utilize anyhow you won’t get hit with these costs however these costs are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you go 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 over night or you’re doing over weekends which only uses as i said to cfds there are some added fees naturally 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 assistance details alright and we discussed in addition to 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 five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of actually using these copy operates they don’t have any additional costs on top of the regular costs that
are there now what you need to remember though is these possibly handled by other individuals totally or in some cases have developed portfolios you’ve got a genuine person doing the management you need to make sure you select the individual that’s right for you similar to any profession this is your financial properties so we definitely require to ensure it’s the best person 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 various options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require 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 however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash possibly this is a terrific option for you once again to check the theories okay you may want to buy tesla or apple or this etf why not utilize the virtual choice as a way to type of safe have fun with it clearly you might have lost out on gains and losses during that time of course if you had invested your genuine money it enables you to construct self-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 really how to copy individuals and copy portfolios now here’s something to bear in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i suggest by that clearly 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 run the risk of just indicates am i all right with potentially losing a great quantity of this investment or getting as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose money however that similarly suggests they’ll lose at some time in their journey clearly individuals do generate income also and i’ve got videos all about how you can make sure you are among individuals to actually earn money but in this circumstance make certain you research study your danger level would you be fine providing your cash to someone else which is successfully what you’re doing and trusting them make sure you comprehend what they’re investing in completely if you’re somebody who isn’t wishing to be that dangerous do not select somebody who’s totally into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really utilize this too actually quickly over here you can copy individuals now it will provide you a lot of options and you can utilize the system to in fact look for somebody that you elegant really following so let’s see perhaps we desire somebody from joined kingdom um who purchases let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has actually met that criteria and it does provide you a danger aspect 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 individuals that have quite high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to verify are you okay with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she actually investing in 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 good to understand ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine really that i buy too which is great so actually for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got an excellent 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 companies as that. Ibrahim Chauvin Etoro.
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