We get this a lot on our site the answer to Ridhwan Etoro….Concerns that i hear from new investors what if you’re brand new to investing you simply do not wish to choose what you really want to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can happen the first of all you can work with a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is of course you can buy 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 also now if you’re brand new to a total please remember this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform do not just assume because i use it that you can use it immediately 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 website and after that when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re discussing how to copy other individuals’s investments with your cash so clearly your capital is at risk and we have to bear that in mind do not just do something since that individual has said they’ve made revenue 14 months in a row buy these options due to the fact that you believe is the right ones for you and that being stated let’s dive straight 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 aspect that is most likely.
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popular for it’s the alternative to see what other traders are doing incredible we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can really say i wish to do exactly what that trader is doing or match that precise portfolio of choices and generally every time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that implies if for instance 10 of their financial investment portfolio remains 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 truly crucial you comprehend what are the costs of this now with any platform there will be some cost to certainly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero charge sites then might not charge you for in fact buying and selling funds or etfs individual commodities specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges 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 understand before you really begin investing in copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s start with costs actually important to understand these now on there’s a number of fees there isn’t charges to do with actually buying and selling fine so commission fees are totally free however there are a number of other costs the first one is withdrawal charges 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 later however when you want to withdraw your cash so you offer your shares you sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m only withdrawing when i definitely require to now you may say alright that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are just among those alternatives that they have a lot of platforms certainly are complimentary 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 six months you know depends entirely how you’re investing however that is a cost to remember the second cost that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading 2 and 2 free trade anyone at all this is standard they have actually i suppose stuck with whatever fee they charge for that conversion rate you kind of need to accept you know if you wish to use their platform go from uk to us then that conversion fee exists what are they actually providing 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 provide me us dollars rather you need to pay their costs now the terrific aspect of though when you’ve transformed your money you do not need 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 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 fees so that’s really great using that part of their website will not definitely limit you in any way nevertheless we need to be aware of 2 other costs the very first being what’s called spread fees fine and i’m going to reveal you what i indicate on now a spread charge as i’m going to show you
on is basically the difference that belongs to the investment platform in between the buy rate and the price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that in fact implies that when you wish to sell or purchase as you can see it’s not the cost you’re seeing up here let me show you that once again so the current price of tesla is the value 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 everywhere this is another manner in which they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind clearly it’s more pricey to purchase than it is to offer so they’re going to offer you less back with your sale and you say fine well why does that happen it just 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 want to offer it and that is how they make a bit of cash on those spread fees it’s usually exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit money now the last feat is called an
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overnight cost now this is truly important if you’re really utilizing cfds yourself as well an overnight cost is when you’re refraining from doing that buy sell transaction in the same day alright there’s then an overnight cost charged and even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one take advantage of which means you’re in fact buying the exact asset rather than using take advantage of anyhow you will not get hit with these fees however these fees are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you go into the assistance area this isn’t the over night 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 overnight or you’re doing over weekends and that only applies as i stated to cfds there are some added fees naturally depending on what you are buying also this is on your own so keep that in mind but full fees are entirely within their aid information all right and we spoke about along with totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of actually using these copy operates they don’t have any additional fees on top of the typical costs that
are there now what you require to keep in mind though is these possibly handled by other individuals completely or often have created portfolios you’ve got a genuine person doing the management you have to make sure you select the person that’s right for you just like any kind of work this is your monetary properties so we absolutely require to ensure it’s the right person for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a number of various options for us first of all 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 play with and it’s not real cash that you’re investing you will not require to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is an excellent alternative for you once again to evaluate the theories fine you may wish to purchase tesla or apple or this etf why not use the virtual choice as a way to kind of safe have fun with it obviously you might have lost out on gains and losses during that time naturally if you had invested your genuine cash it allows you to develop 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 actually how to copy people and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i mean by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just implies am i fine with possibly losing a great quantity of this investment or gaining as
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well now remember everything is downs and ups you will generate income you’ll lose money that’s why they make the fact 75 people will lose cash however that similarly suggests they’ll lose at some time in their journey clearly individuals do generate income as well and i have actually got videos everything about how you can make sure you’re one of individuals to really generate income but in this situation make sure you research study your danger level would you be alright providing your cash to another person which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in fully if you’re someone who isn’t wanting to be that risky 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 standard 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 say you can in fact use this too truly easily over here you can copy people now it will offer you a lot of choices and you can utilize the system to actually look for somebody that you expensive actually following so let’s see possibly we want somebody from unified kingdom um who buys let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has actually met that requirements and it does offer you a risk aspect also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
remember it’s like anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to confirm are you okay with this and off you go now another method to actually deep dive if we click on 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 quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got some of mine actually that i invest in too which is great so actually for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the type of primary food business and you’ve got you know pharmaceutical and production companies as that. Ridhwan Etoro.
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