We get htis a lot on our site the answer to Ptn Etoro….Questions that i hear from new financiers what if you’re brand new to investing you simply don’t want to decide what you in fact wish to invest and you want someone to do it for you there’s only a couple of ways that that can happen the first of all you can work with a financial investment portfolio manager they’ll generally 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 of course you can buy mutual funds specific funds are created once 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 remember this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform do not just presume since 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 give that choice too 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 threat this is investing we’re doing you’re buying real companies if you select to in this specific video we’re talking about how to copy other individuals’s investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something since that individual has stated they have actually made revenue 14 months in a row purchase these options due to the fact that you believe is the ideal ones for you and that being said let’s dive directly in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one element that is probably.
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well-known for it’s the choice to see what other traders are doing extraordinary we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can actually say i want to do exactly what that trader is doing or match that precise portfolio of alternatives and basically each time they make a trade they purchase they sell whatever they do your cash will be simulated 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 likewise cover is the charges included actually critical you comprehend what are the expenses 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 a few of the no charge sites then may not charge you for in fact buying and selling etfs or funds individual commodities private stocks.
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there’ll be costs on other parts maybe 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 show you the costs 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 lastly some finest suggestions finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s kick off with charges truly crucial to comprehend these now on there’s a number of costs there isn’t costs to do with in fact buying and selling all right so commission costs are free nevertheless there are a couple of other costs the very first one is withdrawal fees so you can undoubtedly put cash in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your cash so you offer your shares you offer your products whatever you’re selling 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 only withdrawing when i absolutely need to now you might state okay 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 among those alternatives that they have a great deal of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every six months you know depends completely how you’re investing however that is a charge to bear in mind the 2nd charge that i have actually touched upon is that conversion charge now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s great that fits 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 excellent with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and two open market anyone at all this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you know if you want to use their platform go from uk to us then that conversion charge exists what are they actually 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 offer me us dollars rather you have to pay their fees now the excellent feature of though when you’ve converted your money you do not need to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s actually great utilizing that part of their website will not certainly limit you in any way nevertheless we need to understand 2 other charges the first being what’s called spread fees all right and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is basically the distinction that is part of the financial investment platform between the buy rate and the price fine it’s their premium on doing both those 2 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 implies that when you want to offer or purchase as you can see it’s not the price you’re seeing up here let me show you that again so the current price of tesla is the worth of a share what’s called spread charges is the distinction then really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind clearly it’s more pricey to purchase than it is to sell so they’re going to offer you less back with your sale and you state okay well why does that occur 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 wish to offer it which is how they make a little bit of cash on those spread out costs it’s typically incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit cash now the last accomplishment is called an
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overnight charge now this is actually crucial if you’re really using cfds yourself also an overnight charge is when you’re not doing that buy sell deal in the exact same day all right there’s then an overnight charge charged and even if you go from the friday to the monday prior to cruising 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 utilize which suggests you’re actually buying the specific asset rather than utilizing leverage anyhow you won’t get hit with these costs but these costs are if you’re utilizing utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s state if you go into the help section this isn’t the overnight fees 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 and that only applies as i stated to cfds there are some added fees naturally depending upon what you are investing in as well this is on your own so keep that in mind however full costs are entirely within their help information alright and we talked about in addition to free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of really utilizing these copy works they do not have any additional costs on top of the normal fees that
are there now what you require to keep in mind though is these potentially managed by other people completely or in some cases have produced portfolios you’ve got a genuine 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 properties so we absolutely require to make sure it’s the best person for us before we copy them so the first things i would call it if you do want to use this function we’ve got a couple of different choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative 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 won’t need to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine cash possibly this is a fantastic option for you once again to evaluate the theories fine you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe play with it undoubtedly you might have missed out on gains and losses during that time obviously if you had actually invested your real cash it allows you to construct 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 in fact how to copy people and copy portfolios now here’s something to keep in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i imply 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 just means am i okay with possibly losing an excellent amount of this financial investment or acquiring as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose money however that similarly indicates they’ll lose at some point in their journey undoubtedly individuals do make money also and i’ve got videos everything about how you can make certain you’re one of individuals to really generate income but in this scenario make certain you research your risk level would you be fine providing your cash to someone else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re purchasing fully if you’re someone who isn’t wishing to be that risky don’t choose someone who’s totally into crypto or currency conversion think of it you ‘d probably desire a foundation of strong commodities
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like gold and even oil plus more standard 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 utilize this too really easily over here you can copy people now it will offer you a great deal of options and you can utilize the system to actually look for someone that you elegant actually following so let’s see perhaps we desire somebody from joined kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everyone who has fulfilled that requirements and it does give you a danger element as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to validate are you all right 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 in fact 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 little bit so that’s good to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got some of mine actually that i purchase too which is excellent so really for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she prefers she’s also got a bit more um of the type of main food companies and you have actually got you know pharmaceutical and production business as that. Ptn Etoro.
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