We get this a lot on our site the answer to Popul√¶R Investor Etoro….Questions that i speak with new financiers what if you’re brand new to investing you just don’t wish to choose what you really want to invest and you want someone to do it for you there’s only a couple of manner ins which that can happen the to start with you can employ an investment portfolio manager they’ll usually charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is of course you can purchase mutual funds particular 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 too now if you’re brand new to an overall please keep in mind this platform is quite innovative you can do cfds which obviously cfds are methods of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform don’t just assume due to the fact that i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they consider that option as well so you really get used to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger 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 financial investments with your money so clearly your capital is at danger and we have to bear that in mind do not simply do something because that person has actually said they’ve made profit 14 months in a row purchase these options because you think is the best ones for you which being stated let’s dive straight 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 alternative to see what other traders are doing extraordinary we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can actually say i want to do exactly what that trader is doing or match that specific portfolio of alternatives and basically every time they make a trade they buy they sell whatever they do your money will be imitated with it so that suggests if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs included actually important you understand what are the costs of this now with any platform there will be some cost to certainly these are real business 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 zero charge websites then may not charge you for in fact buying and selling etfs or funds individual products private stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand prior to you in fact begin buying copy trading or copy portfolios and finally some best recommendations finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with charges truly crucial to understand these now on there’s a number of costs there isn’t fees to do with actually buying and selling all right so commission charges are complimentary however there are a number of other fees the very first one is withdrawal charges so you can obviously 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 in the future but when you wish 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 five dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you may say fine that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are just among those options that they have a lot of platforms clearly are complimentary 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 6 months you understand depends totally how you’re investing however that is a cost to keep in mind the 2nd cost that i’ve touched upon is that conversion fee now with you’re dealing in us dollars just there’s not an option to purchase in euros or uk and that’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow 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 fee now when you utilize anybody so if you’re using trading 2 and two open market anybody this is basic they have i expect stuck with whatever fee they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion charge exists what are they in fact offering you in regards to 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 give me us dollars instead you need to pay their fees now the great aspect of however when you’ve transformed your money you do not need to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s actually good using that part of their site will not certainly limit you in any way however we have to be aware of two other costs the first being what’s called spread charges fine and i’m going to show you what i suggest on now a spread fee as i’m going to show you
on is basically the distinction that becomes part of the investment platform in between the buy rate and the price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that in fact indicates that when you want to purchase or sell as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the present cost of tesla is the value of a share what’s called spread fees is the difference then in fact to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you each time you do a buyer’s share so keep that in mind certainly it’s more expensive to purchase than it is to offer so they’re going to offer you less back with your sale and you say all right well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to sell it and that is how they make a bit of cash on those spread fees it’s generally exceptionally 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 bit cash now the last accomplishment is called an
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overnight cost now this is really essential if you’re actually utilizing cfds yourself as well an over night cost is when you’re refraining from doing that buy offer transaction in the very same day fine there’s then an over night fee charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one take advantage of which indicates you’re actually buying the specific property instead of using take advantage of anyhow you will not get hit with these costs but these charges are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you enter into the help section this isn’t the overnight fees info you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends and that only applies as i said to cfds there are some service charges of course depending on what you are investing in as well this is on your own so keep that in mind but full costs are entirely within their help info fine and we talked 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 regular product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two various ways of in fact utilizing these copy functions they don’t have any extra costs on top of the normal charges that
are there now what you require to keep in mind though is these potentially managed by other individuals entirely or often have produced portfolios you have actually got a real individual doing the management you have to ensure you choose the individual that’s right for you similar to any line of work this is your financial assets so we absolutely require to make sure it’s the ideal person 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 number of different choices 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 genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your charge card details or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own money however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash perhaps this is a great choice for you again to evaluate the theories okay you may want to buy tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe play with it certainly you may have missed out on gains and losses during that time of course if you had actually invested your genuine money it enables you to construct confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to remember prior to 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 suggest by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply suggests am i fine with possibly losing a good quantity of this financial investment or getting as
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well now keep in mind everything is ups and downs you will earn money you’ll lose cash that’s why they make the statistic 75 people will lose cash but that equally indicates they’ll lose eventually in their journey obviously individuals do earn money also and i’ve got videos all about how you can make certain you’re one of individuals to actually make money however in this situation ensure you research your danger level would you be all right 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 fully if you’re somebody who isn’t wanting to be that risky don’t select someone who’s completely 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 standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact utilize this too actually easily over here you can copy individuals now it will give you a great deal of options and you can use the system to in fact 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 gained a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has actually met that criteria and it does offer you a risk element too 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
bear in mind it’s like 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 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 confirm are you fine with this and off you go now another way to actually deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she in fact purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine really that i purchase too which is great so actually for me knowing what i like to invest in 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 also got a little bit more um of the type of main food companies and you have actually got you know pharmaceutical and production companies as that. Popul√¶R Investor Etoro.
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