We get this a lot on our site the answer to Trader Bei Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely do not wish 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 take place the first off you can hire an investment portfolio supervisor they’ll typically charge a quite a high premium to do that maybe one or two 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 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 quite sophisticated you can do cfds which naturally cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform do not simply assume because i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they consider that alternative also so you in fact get used to the structure of the website and then when you’re ready to utilize your own cash 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 investing in genuine companies if you select to in this particular video we’re talking about how to copy other people’s financial investments with your cash so certainly your capital is at danger and we need to bear that in mind do not simply do something since that person has stated they’ve made revenue 14 months in a row invest in these choices since you believe is the ideal ones for you which being said let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is probably.
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popular for it’s the choice to see what other traders are doing extraordinary we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can really say i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and basically each time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that means if for instance 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 costs involved truly crucial you understand what are the expenses of this now with any platform there will be some cost to clearly 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 no fee sites then may not charge you for in fact 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 sort of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to understand before you actually begin investing in copy trading or copy portfolios and lastly some best guidance finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s begin with charges truly important to comprehend these now on there’s a number of costs there isn’t fees to do with in fact buying and selling all right so commission costs are free however there are a number of other costs the first one is withdrawal costs so you can clearly put cash in now if you remain 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 on however when you want to withdraw your money so you sell your shares you offer your commodities 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 of course knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you may state all right that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are just one of those choices that they have a great deal of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every six months you know depends entirely how you’re investing however that is a fee to remember the second cost that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not a choice to buy in euros or uk which’s great that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading 2 and 2 free trade anybody this is standard they have actually i suppose stuck to whatever fee they charge for that conversion rate you kind of need to accept you understand 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 bargain with them you can’t go to the bank and state offer me us dollars rather you have to pay their fees now the fantastic feature of however when you’ve transformed your cash you do not have to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that means the preliminary 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 costs so that’s actually good utilizing that part of their website will not definitely limit you in any way however we need to know 2 other fees the first being what’s called spread costs fine and i’m going to show you what i suggest on now a spread cost as i’m going to reveal you
on is generally the difference that belongs to the financial investment platform in between the buy rate and the list price alright 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 suggests that when you want to buy or offer as you can see it’s not the cost you’re seeing up here let me show you that once again so the present price of tesla is the value of a share what’s called spread fees is the distinction then really to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of profit from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to offer so they’re going to provide you less back with your sale and you state fine 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 sell it which is how they make a little bit of cash on those spread out fees it’s typically incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit money now the last feat is called an
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overnight fee now this is really crucial if you’re in fact utilizing cfds yourself also an over night fee is when you’re refraining from doing that buy sell transaction in the very same day alright there’s then an overnight cost 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 really buying out the etf the stock the product and using time one utilize which suggests you’re actually purchasing the specific possession instead of utilizing utilize anyway you will not get hit with these charges but these fees are if you’re using leverage and cfds and after that you’re going to have these charges if you’re not buy offering 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 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 just applies as i said to cfds there are some additional charges of course depending upon what you are investing in also this is on your own so keep that in mind however complete fees are completely within their assistance details alright and we spoke about along with free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two various ways of in fact utilizing these copy works they do not have any additional costs on top of the normal costs that
exist now what you require to remember though is these potentially managed by other individuals totally or sometimes have produced portfolios you have actually got a real person doing the management you have to make certain you choose the person that’s right for you just like any profession this is your monetary possessions so we definitely need to ensure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of different alternatives for us first off 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 methods i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your charge card details or anything you can basically have this virtual portfolio simulate as if you are utilizing your own cash but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real money possibly this is a terrific alternative for you once again to test the theories fine you might wish to buy tesla or apple or this etf why not use the virtual alternative as a method to kind of safe have fun with it clearly you might have missed out on gains and losses during that time naturally if you had actually invested your real cash it allows you to build self-confidence comprehend 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 in fact how to copy people and copy portfolios now here’s something to bear in mind before you select someone 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 mean by that obviously 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 an excellent amount of this financial investment or getting as
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well now remember everything is ups and downs 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 time in their journey obviously people do earn money as well and i have actually got videos all about how you can make certain you’re one of individuals to actually generate income but in this circumstance ensure you research study your threat level would you be okay giving your money to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re investing in totally if you’re someone who isn’t wanting to be that dangerous don’t select somebody who’s totally into crypto or currency conversion think about it you ‘d probably desire a foundation of strong commodities
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like gold and even oil plus more conventional 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 really use this too really easily over here you can copy individuals now it will provide you a great deal of choices and you can use the system to actually look for somebody that you fancy in fact following so let’s see perhaps we want someone from united kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds a good quantity and i can find everyone who has actually fulfilled that criteria and it does provide you a threat element too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they could 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 after that you know ask you to confirm are you okay with this and off you go now another way to in fact 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 really 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 excellent to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is great so really for me understanding what i like to buy my individual 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 little bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production companies as that. Trader Bei Etoro.
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