We get this a lot on our site the answer to Truffa Etoro….Concerns that i speak with new investors what if you’re brand new to investing you merely do not want to decide what you in fact want to invest and you want someone to do it for you there’s just a number of ways that that can occur the to start with you can work with a financial investment portfolio manager they’ll typically charge a quite 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 specific funds are created 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 innovative you can do cfds which of course cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re discovering please do study the platform don’t simply presume due to the fact that i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they consider that alternative too 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 of course 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 discussing how to copy other people’s financial investments with your cash so obviously your capital is at risk and we need to bear that in mind do not simply do something since that individual has stated they’ve made revenue 14 months in a row buy these choices because you believe is the right ones for you and that 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’s part of social trading which is one aspect that is probably.
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popular for it’s the option to see what other traders are doing amazing we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can in fact say i wish to do exactly what that trader is doing or match that precise portfolio of options and basically each time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that suggests 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 also cover is the charges included really critical you understand what are the costs of this now with any platform there will be some cost to obviously 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 a few of the zero fee websites then might not charge you for actually buying and selling funds or etfs individual products private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees 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 know before you in fact start investing in copy trading or copy portfolios and lastly some best recommendations best practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s start with fees actually important to comprehend these now on there’s a number of charges there isn’t fees to do with really buying and selling all right so commission charges are free however there are a number of other costs the very first one is withdrawal charges so you can obviously put cash in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish 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 of course understanding that i’m going to ensure that i’m only withdrawing when i absolutely require to now you might state okay that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal fees are simply among those choices that they have a great deal of platforms undoubtedly are free to do such things has this five 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 completely how you’re investing however that is a charge to keep in mind the second cost that i have actually touched upon is that conversion fee now with you’re handling us dollars only there’s not a choice to purchase in euros or uk which’s great that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading two and two open market anybody this is basic they have i suppose stuck to whatever cost they charge for that conversion rate you kind of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge is there what are they in fact giving 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 offer me us dollars rather you need to pay their costs now the terrific aspect of however when you’ve converted your cash you do not have to invest it right now that dollar worth can sit 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 takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s actually great using that part of their website will not certainly restrict you in any way nevertheless we need to understand two other costs the first being what’s called spread costs fine and i’m going to reveal you what i imply on now a spread cost as i’m going to reveal you
on is essentially the distinction that becomes part of the investment platform in between the buy price and the sale price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact means 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 current price 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 find this all over this is another way that they make a small amount of profit from you whenever you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you state all right well why does that happen it just does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you wish to sell it and that is how they make a little bit of cash on those spread out fees it’s normally extremely little it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit money now the last task is called an
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over night cost now this is actually essential if you’re in fact utilizing cfds yourself as well an over night charge is when you’re not doing that buy sell deal in the same day all right there’s then an overnight cost charged and even if you go from the friday to the monday prior to cruising a weekend fee 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 implies you’re really buying the specific possession instead of using utilize anyway you won’t 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 same day so let’s state if you enter into the help area this isn’t the over night fees info you can see precisely 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 just uses as i said to cfds there are some service charges of course depending on what you are buying too this is on your own so keep that in mind but complete fees are totally within their help information all right and we talked about as well as totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of in fact using these copy functions they don’t have any additional charges on top of the regular costs that
exist now what you require to remember though is these possibly managed by other individuals totally or often have created portfolios you have actually got a real person doing the management you need to make certain you select the person that’s right for you just like any type of work this is your financial possessions so we definitely need to ensure it’s the right person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of various choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual means i believe 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 charge card information or anything you can essentially have this virtual portfolio simulate as if you are using your own cash but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money maybe this is a great alternative for you once again to check the theories alright you might wish to purchase tesla or apple or this etf why not use the virtual choice as a way to sort of safe play with it obviously you may have missed out on gains and losses during that time naturally if you had invested your real money it permits you to build confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind before you choose 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 certainly 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 simply suggests am i fine with potentially losing a great amount of this financial investment or acquiring 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 figure 75 people will lose money but that equally means they’ll lose eventually in their journey obviously people do generate income too and i have actually got videos everything about how you can make certain you’re one of the people to in fact make money however in this scenario make certain you research study your risk level would you be fine providing your money to somebody else which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in totally if you’re somebody who isn’t wishing to be that dangerous don’t pick someone who’s totally into crypto or currency conversion think of it you ‘d most likely want a foundation of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact utilize this too actually quickly over here you can copy people now it will provide you a lot of choices and you can use the system to in fact search for someone that you fancy really following so let’s see perhaps we desire someone from joined kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can find everyone who has fulfilled that criteria and it does give you a threat factor too so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of individuals that have quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that 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 this person for example ruby mza as an example you can actually deep dive into what is she in fact buying so let’s enter 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 definitely like type of into those blue box and the tech market she’s got a few of mine actually that i invest in too which is good so actually for me knowing what i like to invest in 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 also got a bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production business as that. Truffa Etoro.
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