We get htis a lot on our site the answer to Can Zhao Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you merely do not want to decide what you really want to invest and you want somebody to do it for you there’s only a number of manner ins which that can take place the first of all you can work with an 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 particular 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 too now if you’re brand new to a total please keep in mind this platform is quite advanced you can do cfds which naturally cfds are methods of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform don’t simply assume due to the fact that i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that choice as well so you actually get used 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 obviously your capital is at risk this is investing we’re doing you’re buying genuine companies if you select to in this particular video we’re talking about how to copy other individuals’s financial investments with your cash so certainly your capital is at danger and we need to bear that in mind do not just do something since that person has stated they’ve made revenue 14 months in a row buy these options since you think is the best ones for you which being stated let’s dive directly in [Music] The things we’re going to cover in this video is understanding 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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famous for it’s the option to see what other traders are doing unbelievable we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can actually say i wish to do exactly what that trader is doing or match that exact portfolio of choices and essentially each time they make a trade they buy they sell whatever they do your cash 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 money in so we’re going to likewise cover is the fees included actually crucial you comprehend what are the expenses 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 involved and even a few of the absolutely no charge sites then may not charge you for really buying and selling funds or etfs specific commodities individual stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs 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 prior to you actually begin purchasing copy trading or copy portfolios and lastly some finest guidance best practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s begin with charges actually essential to understand these now on there’s a number of costs there isn’t charges to do with really buying and selling all right so commission fees are complimentary nevertheless there are a number of other fees the first one is withdrawal charges so you can certainly put cash in now if you’re in the uk we put our uk money.
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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 money so you offer your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to make certain that i’m only withdrawing when i definitely require to now you might state fine that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are simply among 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 largely it can be perhaps even once a year as soon as every six months you know depends entirely how you’re investing however that is a cost to keep in mind the 2nd charge that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’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 fee now when you utilize anyone so if you’re utilizing trading two and two open market anyone at all this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion charge is there what are they actually providing 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 provide me us dollars instead you need to pay their fees now the great thing about though when you’ve converted your cash you do not need to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that means the preliminary 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 charges so that’s actually good using that part of their website will not certainly limit you in any way however we need to understand 2 other charges the very first being what’s called spread charges okay and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you
on is essentially the difference that belongs to 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 implies that when you wish to offer or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that again so the present rate of tesla is the worth 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 everywhere this is another manner in which they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind clearly it’s more costly to buy than it is to offer 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 lot of platforms out there there’s a difference between if you’re buying it then you want to offer it and that is how they make a little bit of money on those spread charges it’s typically incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit cash now the last task is called an
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over night fee now this is really essential if you’re in fact utilizing cfds yourself too an overnight fee is when you’re not doing that buy offer deal in the same day okay there’s then an over night fee charged and even if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one utilize which suggests you’re actually buying the exact property instead of utilizing leverage anyway you won’t get hit with these charges however these charges are if you’re utilizing take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the exact same day so let’s say if you go 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 over night or you’re doing over weekends and that just uses as i stated to cfds there are some surcharges naturally depending on what you are purchasing as well this is on your own so keep that in mind but complete costs are totally within their assistance details alright and we talked about as well as totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything 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 various ways of in fact utilizing these copy works they don’t have any additional charges on top of the normal charges that
exist now what you require to remember though is these possibly handled by other individuals totally or sometimes have created portfolios you have actually got a real person doing the management you have to make sure you select the person that’s right for you similar to any line of work this is your monetary properties so we definitely require to make certain it’s the ideal person for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of different alternatives for us firstly if you’re brand new to investing i wish 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 have fun with and it’s not real money that you’re investing you won’t need to put in your credit card information or anything you can essentially have this virtual portfolio imitate as if you are using your own money but in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money perhaps this is a terrific option for you again to check the theories okay you may wish to purchase tesla or apple or this etf why not utilize the virtual choice as a way to type of safe play with it clearly you may have lost out on gains and losses during that time obviously if you had invested your real cash it enables you to develop confidence understand 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 in fact how to copy people and copy portfolios now here’s something to keep in mind before you pick 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 imply by that clearly 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 simply implies am i alright with potentially losing a good amount of this financial investment or getting as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 people will lose cash however that equally means they’ll lose at some time in their journey certainly individuals do make money too and i’ve got videos all about how you can make certain you’re one of the people to really generate income but in this situation make sure you research your threat level would you be okay giving your cash to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re buying totally if you’re someone 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 products
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like gold or perhaps oil plus more standard etfs and index funds you may 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 really utilize this too really easily over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to in fact look for somebody that you fancy in fact following so let’s see perhaps we desire someone from united kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can discover everyone who has actually met that requirements and it does offer you a risk 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 people that have rather high returns
remember it resembles 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 4 or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to verify are you okay with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can really 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 know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine actually that i buy too which is excellent so really for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a great 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 companies and you’ve got you understand pharmaceutical and production business as that. Can Zhao Etoro.
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