We get htis a lot on our site the answer to Etorono….Questions that i speak with new investors what if you’re brand new to investing you merely don’t want to choose what you really want to invest and you want somebody to do it for you there’s just a number of manner ins which that can happen the first off you can hire a financial investment portfolio supervisor they’ll generally charge a rather a high premium to do that possibly one or two percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular 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 also now if you’re brand new to a total please keep in mind this platform is rather innovative you can do cfds which naturally cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t simply presume because 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 alternative as well so you in fact 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 naturally your capital is at risk this is investing we’re doing you’re buying genuine companies if you choose to in this specific video we’re talking about how to copy other people’s financial investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not simply do something because that person has actually said they’ve made revenue 14 months in a row invest in these choices since you think is the right ones for you and that being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.
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popular for it’s the choice to see what other traders are doing amazing we do not typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can really say i want to do exactly what that trader is doing or match that exact portfolio of choices and essentially every time they make a trade they buy they offer whatever they do your money will be imitated with it so that indicates if for example 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 truly vital you comprehend what are the expenses of this now with any platform there will be some cost to clearly these are real business 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 no fee websites then may not charge you for in fact buying and selling funds or etfs specific commodities individual stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds 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 really begin investing in copy trading or copy portfolios and finally some best guidance finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s begin with charges really crucial to understand these now on there’s a couple of fees there isn’t fees to do with actually buying and selling alright so commission costs are free nevertheless there are a number of other costs the very first one is withdrawal charges so you can clearly put money in now if you remain in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your cash so you sell your shares you sell your commodities whatever you’re selling the minimum quantity 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 just withdrawing when i absolutely require to now you may say okay that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are just among those choices that they have a lot of platforms clearly are complimentary 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 once every 6 months you know depends totally how you’re investing however that is a charge to bear in mind the second fee that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not an alternative to buy in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading two and two free trade anyone at all this is basic they have i suppose stuck with whatever charge they charge for that conversion rate you sort of need to accept you know if you want to utilize 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 haggle with them you can’t go to the bank and say give me us dollars instead you need to pay their costs now the fantastic aspect of however when you’ve transformed your money you do not need to invest it immediately that dollar worth 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 extra charges so that’s really good utilizing that part of their website won’t definitely limit you in any way however we need to understand 2 other charges the very first being what’s called spread costs fine and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is basically the difference that is part of the investment platform between the buy price and the 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 means that when you wish to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing cost of tesla is the value of a share what’s called spread charges is the distinction then actually to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind obviously 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 state 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 offer it which is how they make a little bit of money on those spread out charges it’s usually exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a little bit money now the last feat is called an
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overnight fee now this is really important if you’re really utilizing cfds yourself too an overnight cost is when you’re refraining from doing that buy sell transaction in the same day fine there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re really purchasing the precise property instead of utilizing utilize anyhow you will not get hit with these fees but these costs 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 same day so let’s state if you go into the help section this isn’t the overnight charges details you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that only uses as i stated to cfds there are some added fees naturally depending on what you are investing in too this is on your own so keep that in mind but complete charges are entirely within their aid information alright and we spoke about along with free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of in fact utilizing these copy operates they do not have any extra charges on top of the typical fees that
are there now what you need to bear in mind though is these potentially managed by other individuals completely or often have produced portfolios you’ve got a genuine person doing the management you have to make certain you choose the person that’s right for you just like any line of work this is your financial properties so we definitely need 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 wish to utilize this function we have actually got a couple 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 option to invest real money or a virtual platform virtual ways 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 information or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own cash but really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money maybe this is a great choice for you once again to test the theories all right you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe play with it undoubtedly you may have missed out on gains and losses throughout that time naturally if you had actually invested your genuine cash it enables you to build confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to remember before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i suggest by that certainly 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 implies am i fine with potentially losing a great quantity of this financial investment or gaining as
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well now keep in mind everything is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose money but that similarly implies they’ll lose at some point in their journey certainly people do make money also and i’ve got videos everything about how you can make sure you are among the people to in fact earn money but in this situation ensure you research study your risk level would you be alright providing your cash to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing completely if you’re somebody who isn’t wishing to be that risky do not select somebody who’s entirely into crypto or currency conversion consider it you ‘d probably desire a backbone of strong products
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like gold and even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really use this too truly quickly over here you can copy individuals now it will give you a great deal of options and you can utilize the system to in fact search for someone that you expensive actually following so let’s see maybe we desire someone from joined kingdom um who purchases let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds a great amount and i can find everybody who has actually satisfied that requirements and it does give you a danger element too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns
remember it resembles anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to guarantee so do keep that in mind and as basic 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 way to really deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she actually investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine really that i buy too which is great so in fact for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the type of primary food business and you’ve got you know pharmaceutical and production business as that. Etorono.
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