We get htis a lot on our site the answer to Sky Etoro….Concerns that i hear from new investors what if you’re brand new to investing you merely don’t wish to decide what you in fact want to invest and you want somebody to do it for you there’s only a couple of manner ins which that can take place the first of all you can work with an investment portfolio supervisor they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds specific funds are produced 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 an overall please remember this platform is rather advanced you can do cfds which naturally cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning about please do study the platform don’t simply presume due to the fact that i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash 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 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 purchasing real companies if you pick to in this particular video we’re discussing how to copy other individuals’s investments with your cash so clearly your capital is at threat and we need to bear that in mind do not just do something because that individual has said they’ve made earnings 14 months in a row invest in these options because you think is the ideal ones for you and that 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 aspect that is most likely.
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well-known for it’s the alternative to see what other traders are doing amazing we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can actually state i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and basically each time they make a trade they buy they offer whatever they do your cash will be mimicked 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 cash in so we’re going to likewise cover is the fees included actually vital you comprehend what are the costs of this now with any platform there will be some cost to obviously these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no charge sites then might not charge you for actually buying and selling etfs or funds individual products individual 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 type of charges 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 actually begin buying copy trading or copy portfolios and lastly some best advice finest practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s start with costs really essential to understand these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling okay so commission fees are complimentary nevertheless there are a number of other costs the very first one is withdrawal fees so you can obviously put money in now if you’re 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 later however when you wish to withdraw your money so you offer your shares you sell your commodities whatever you’re selling 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 might state alright that’s quite costly and i get that but 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 great deal of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every six months you know depends totally how you’re investing but that is a fee to remember the 2nd fee that i have actually discussed is that conversion charge now with you’re handling us dollars only there’s not a choice to buy in euros or uk and that’s great that fits 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 cost now when you use anyone so if you’re utilizing trading two and 2 open market anyone at all this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost exists what are they actually offering you in terms of 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 have to pay their fees now the excellent aspect of however when you have actually transformed your cash you do not have to invest it immediately that dollar worth 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 happens now with copy trading and copy portfolios there aren’t any extra costs so that’s truly great utilizing that part of their website won’t definitely restrict you in any way however we need to be aware of two other fees the very first being what’s called spread charges okay and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you
on is generally the distinction that is part of the investment platform in between the buy cost and the sale price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that actually means that when you want to sell or buy as you can see it’s not the price you’re seeing up here let me show you that once again so the existing price of tesla is the value of a share what’s called spread costs is the difference then really to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of benefit from you whenever you do a buyer’s share so keep that in mind obviously it’s more pricey to buy than it is to offer so they’re going to offer you less back with your sale and you state alright well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to offer it which is how they make a bit of money on those spread out charges it’s normally exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit cash now the last task is called an
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over night cost now this is really essential if you’re actually using cfds yourself also an overnight fee is when you’re not doing that buy offer transaction in the exact same day alright there’s then an over night cost charged or even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which suggests you’re in fact buying the exact property rather than utilizing take advantage of anyway you will not get hit with these fees but these fees are if you’re utilizing leverage 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 state if you go into the help section this isn’t the over night costs information 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 overnight or you’re doing over weekends and that just uses as i said to cfds there are some added fees naturally depending on what you are investing in as well this is on your own so keep that in mind but full charges are totally within their help info alright and we talked about along with free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of in fact utilizing these copy operates they don’t have any extra costs on top of the typical fees that
exist now what you require to bear in mind though is these potentially managed by other people completely or often have actually produced portfolios you have actually got a genuine individual doing the management you have to ensure you select the individual that’s right for you similar to any type of work this is your financial assets so we absolutely need to make certain it’s the right person for us prior to 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 various choices for us firstly 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 think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are using your own money but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash perhaps this is a terrific option for you once again to test the theories okay you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe have fun with it certainly you might have lost out on gains and losses during that time naturally if you had actually invested your real cash it permits you to develop confidence understand 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 individuals and copy portfolios now here’s something to keep in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i suggest by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk just means am i okay with potentially losing a great amount of this financial investment or gaining as
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well now remember whatever is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 people will lose cash however that equally indicates they’ll lose at some point in their journey undoubtedly people do earn money as well and i have actually got videos everything about how you can make certain you’re one of the people to in fact generate income but in this circumstance ensure you research your danger level would you be all right offering your cash to somebody else which is successfully what you’re doing and trusting them make certain you comprehend what they’re investing in totally if you’re somebody who isn’t wanting to be that risky don’t pick somebody who’s completely into crypto or currency conversion think of it you ‘d most likely want a backbone of strong products
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like gold or perhaps oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually use this too actually quickly over here you can copy people now it will provide you a lot of options and you can utilize the system to actually look for someone that you elegant in fact following so let’s see perhaps we desire somebody from joined kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has actually fulfilled that requirements and it does offer you a risk element too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people 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 suggest 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 basic as clicking the copy button and off you go and then you know ask you to validate are you alright 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 in fact deep dive into what is she really buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is excellent so in fact for me knowing what i like to buy 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 prefers she’s also got a little bit more um of the kind of main food companies and you have actually got you know pharmaceutical and production business as that. Sky Etoro.
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