We get htis a lot on our site the answer to Yoni Levy Etoro….Concerns that i speak with brand-new financiers what if you’re brand new to investing you merely don’t want to decide what you in fact want to invest and you want someone to do it for you there’s only a couple of ways that that can occur the firstly you can work with a financial investment portfolio supervisor they’ll typically charge a rather 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 particular 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 also now if you’re brand new to an overall please bear in mind this platform is quite innovative 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 finding out about please do study the platform don’t simply presume since i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that choice too so you really get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re purchasing genuine business if you select to in this specific video we’re speaking about how to copy other individuals’s investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not simply do something since that person has stated they have actually made profit 14 months in a row purchase these options due to the fact that you believe is the best ones for you which 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 choice to see what other traders are doing unbelievable we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can in fact state i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and basically each time they make a trade they buy they sell whatever they do your money will be mimicked with it so that indicates 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 likewise cover is the fees involved truly important you understand what are the costs of this now with any platform there will be some cost to obviously these are real 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 absolutely no fee sites then may not charge you for actually buying and selling etfs or funds specific commodities specific stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort 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 prior to you actually start purchasing copy trading or copy portfolios and finally some best recommendations best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s start with costs truly important to comprehend these now on there’s a number of costs there isn’t costs to do with in fact buying and selling fine so commission costs are complimentary nevertheless there are a couple 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 in the future but 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 five dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m only withdrawing when i absolutely require to now you may state all right 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 someplace and withdrawal costs are just one of those choices that they have a great deal of platforms clearly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every 6 months you understand depends entirely how you’re investing but that is a fee to keep in mind the 2nd charge that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk which’s fine that suits 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 good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading 2 and 2 open market anyone at all this is basic they have i suppose stuck to whatever fee they charge for that conversion rate you sort of have to accept you understand if you want to use their platform go from uk to us then that conversion fee exists what are they really 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 state offer me us dollars rather you have to pay their fees now the great thing about however when you have actually transformed your money you do not need to invest it right now that dollar worth can sit in your portfolio as money 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 costs so that’s actually good utilizing that part of their website won’t certainly restrict you in any way nevertheless we need to know two other charges the very first being what’s called spread charges fine and i’m going to show you what i mean on now a spread charge as i’m going to show you
on is basically the distinction that belongs to the financial investment platform between the buy cost and the list price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that actually suggests that when you want to purchase or sell as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current price of tesla is the value of a share what’s called spread charges is the difference then actually to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of profit from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to offer so they’re going to offer you less back with your sale and you say all right well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a little bit of money on those spread fees it’s generally incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a bit cash now the last feat is called an
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overnight fee now this is really essential if you’re really using cfds yourself also an over night fee is when you’re not doing that buy offer transaction in the same day all right there’s then an overnight charge 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 using time one leverage which implies you’re really buying the specific asset rather than utilizing leverage anyway you will not get hit with these charges but these costs are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy selling in the very same day so let’s state if you enter into the aid section this isn’t the over night costs info 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 which just uses as i stated to cfds there are some surcharges of course depending upon what you are investing in too this is on your own so keep that in mind but complete fees are completely within their aid info alright and we talked about as well as complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of in fact using these copy works they do not have any additional charges on top of the normal costs that
exist now what you require to keep in mind though is these possibly handled by other people completely or in some cases have produced portfolios you have actually got a genuine individual doing the management you have to make certain you pick the person that’s right for you just like any kind of work this is your financial properties so we definitely require to make sure 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 utilize this function we have actually got a number of different choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual methods 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 require to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are using your own cash however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine cash maybe this is an excellent alternative for you once again to test the theories all right you might wish to buy tesla or apple or this etf why not use the virtual option as a way to sort of safe play with it certainly you might have missed out on gains and losses during that time of course if you had actually invested your real cash it permits you to build self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to remember before you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat 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 investments the riskier you can be risk simply implies am i okay with potentially losing a good quantity of this financial investment or getting as
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well now remember whatever is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose cash but that equally indicates they’ll lose at some time in their journey certainly individuals do earn money too and i have actually got videos all about how you can make sure you are among the people to actually earn money however in this circumstance make sure you research your risk level would you be all right giving your money to another person which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing completely if you’re somebody who isn’t wishing to be that dangerous don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products
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like gold or even oil plus more standard 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 state you can in fact utilize this too truly quickly over here you can copy individuals now it will give you a great deal of options and you can use the system to in fact search for somebody that you expensive really following so let’s see perhaps we want someone from unified kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has actually met that requirements and it does give you a threat factor 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 variety of individuals that have rather high returns
bear in mind it resembles 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 four or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to verify are you okay with this and off you go now another way to really deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she in fact buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine actually that i purchase too which is good so actually for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the sort of main food companies and you have actually got you know pharmaceutical and production companies as that. Yoni Levy Etoro.
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