We get htis a lot on our site the answer to Etoro Quora….Questions that i hear from brand-new investors what if you’re brand new to investing you merely do not wish to choose what you really wish to invest and you want somebody to do it for you there’s just a couple of ways that that can occur the firstly you can employ a financial investment portfolio manager they’ll usually charge a quite a high premium to do that possibly one or two percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are created 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 as well now if you’re brand new to a total please bear in mind this platform is rather innovative you can do cfds which of course 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 since i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they give that choice also so you really get utilized to the structure of the site and then when you’re ready to use your own cash 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 buying real business if you select to in this particular video we’re talking about how to copy other individuals’s investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something because that person has actually stated they’ve made profit 14 months in a row invest in these options due to the fact that you think is the ideal ones for you which being said let’s dive straight 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 element that is probably.
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famous for it’s the alternative to see what other traders are doing incredible we don’t typically 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 really state i want to do exactly what that trader is doing or match that exact portfolio of options and essentially every time they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that implies if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees involved actually critical you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are real business 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 no cost sites then may not charge you for really buying and selling etfs or funds private commodities private stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know prior to you actually start buying copy trading or copy portfolios and finally some finest advice best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with costs truly crucial to understand these now on there’s a couple of charges there isn’t charges to do with really buying and selling fine so commission charges are complimentary nevertheless there are a number of other costs the first one is withdrawal costs so you can certainly put money in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your cash so you offer your shares you offer your products whatever you’re selling the minimum quantity 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 just withdrawing when i definitely need to now you may state all right that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are simply one of those options that they have a great deal of platforms obviously 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 totally how you’re investing however that is a fee to bear in mind the second fee that i have actually touched upon is that conversion cost now with you’re handling us dollars only there’s not an option to buy in euros or uk which’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and 2 free trade anybody this is standard they have actually i expect stuck to whatever fee they charge for that conversion rate you sort of have to accept you understand if you wish to use their platform go from uk to us then that conversion fee exists what are they in fact offering you in terms of 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 provide me us dollars rather you need to pay their fees now the great feature of though when you have actually converted your cash you do not have to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s actually excellent utilizing that part of their site will not certainly restrict you in any way nevertheless we have to know 2 other costs the very first being what’s called spread fees 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 becomes part of the investment platform in between the buy price and the price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that in fact means that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing rate of tesla is the worth of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money from you each time you do a purchaser’s share so keep that in mind certainly it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you state okay well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to sell it and that is how they make a bit of money on those spread fees it’s generally exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a bit cash now the last feat is called an
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over night charge now this is truly important if you’re really using cfds yourself as well an over night charge is when you’re not doing that buy offer transaction in the exact same day okay there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one utilize which indicates you’re actually buying the exact property instead of using utilize anyhow you won’t get hit with these costs but these fees are if you’re utilizing utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you enter into the help area this isn’t the overnight charges information you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which just uses as i said to cfds there are some added fees obviously depending upon what you are buying too this is on your own so keep that in mind however full charges are completely within their help info fine and we discussed along with totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two different ways of in fact utilizing these copy operates they do not have any additional fees on top of the normal fees that
exist now what you require to bear in mind though is these potentially handled by other individuals totally or sometimes have developed portfolios you’ve got a genuine individual doing the management you need to make sure you choose the individual that’s right for you much like any type of work this is your monetary assets so we definitely require to make certain it’s the ideal individual for us before 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 various choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine 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 will not need to put in your charge card information or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own money but really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money possibly this is an excellent alternative for you once again to check the theories fine you may wish to purchase tesla or apple or this etf why not use the virtual choice as a way to kind of safe have fun with it certainly you may have missed out on gains and losses during that time obviously if you had invested your real cash it permits you to develop self-confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my genuine 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 prior to you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger 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 investments the riskier you can be run the risk of just implies am i alright with possibly losing a great amount of this financial investment or getting as
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well now remember everything is downs and ups you will earn money you’ll lose cash that’s why they make the statistic 75 people will lose money however that equally suggests they’ll lose at some time in their journey clearly individuals do make money too and i’ve got videos everything about how you can ensure you’re one of the people to actually earn money however in this situation make certain you research study your danger level would you be fine offering your money to someone else which is effectively what you’re doing and trusting them ensure you comprehend what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous don’t pick somebody who’s completely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold or even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact use this too really easily over here you can copy people now it will give you a great deal of choices and you can use the system to in fact search for somebody that you expensive really following so let’s see perhaps we desire somebody from united 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 find everybody who has met that requirements and it does offer you a threat aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals that have quite high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you know 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 example ruby mza as an example you can in fact deep dive into what is she in fact purchasing so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is excellent so in fact for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s likewise got a little bit more um of the kind of primary food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Quora.
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