We get htis a lot on our site the answer to Guy Hirsch Etoro….Concerns that i hear from brand-new investors what if you’re brand new to investing you simply do not wish to decide what you actually wish to invest and you desire someone to do it for you there’s just a number of ways that that can happen the firstly you can work with a financial investment portfolio manager they’ll typically charge a rather a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is naturally you can buy 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 also now if you’re brand new to a total please keep in mind this platform is rather sophisticated you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning more about please do study the platform don’t just presume due to the fact that 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 give that option too so you really get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re purchasing genuine companies if you choose to in this particular video we’re talking about how to copy other people’s financial investments with your cash so certainly your capital is at risk and we need to bear that in mind do not just do something because that individual has said they have actually made profit 14 months in a row purchase these options since you think is the ideal ones for you which being stated let’s dive directly 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 option to see what other traders are doing incredible we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can really say i want to do exactly what that trader is doing or match that specific portfolio of choices and essentially each time they make a trade they purchase 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 costs included truly crucial you comprehend what are the costs of this now with any platform there will be some cost to obviously these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no fee websites then may not charge you for in fact buying and selling etfs or funds specific 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 fees with in particular in this video the next would be things to know before you actually begin investing in copy trading or copy portfolios and finally some finest recommendations best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s begin with costs truly crucial to understand these now on there’s a couple of charges there isn’t fees to do with really buying and selling alright so commission fees are totally free nevertheless there are a number of other fees the very first one is withdrawal charges so you can clearly 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 on however when you want 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 5 dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m just withdrawing when i absolutely require to now you might say okay that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are just one of those alternatives that they have a lot of platforms certainly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every 6 months you understand depends totally how you’re investing but that is a charge to remember the second charge that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway 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 charge now when you utilize anybody so if you’re utilizing trading two and two open market anyone at all this is basic they have actually i suppose stuck to whatever fee 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 cost 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 state provide me us dollars instead you have to pay their charges now the terrific aspect of however when you’ve converted your money you do not have to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that means the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s truly great using that part of their site will not definitely limit you in any way nevertheless we need to know two other costs the first being what’s called spread fees fine and i’m going to reveal you what i suggest on now a spread charge as i’m going to reveal you
on is basically the difference that is part of the investment platform between the buy rate and the price okay 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 value 599 per share in tesla that really indicates 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 existing rate of tesla is the worth of a share what’s called spread charges is the distinction then in fact to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to offer so they’re going to give you less back with your sale and you say fine well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you want to sell it which is how they make a bit of cash on those spread out charges it’s usually incredibly 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 little bit money 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 overnight charge is when you’re not doing that buy sell deal in the very same day all right there’s then an overnight cost charged or perhaps 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 actually buying out the etf the stock the product and utilizing time one take advantage of which implies you’re really purchasing the specific possession instead of utilizing take advantage of anyway you will not get hit with these costs however these charges are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you go into the aid section this isn’t the over night costs details you can see precisely 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 and that only applies as i said to cfds there are some additional charges obviously depending on what you are buying too this is on your own so keep that in mind but complete charges are totally within their help details fine and we discussed as well as totally free to deposit in however there’s a five 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 said copy trading and copy portfolios are two different methods of actually utilizing these copy functions they do not have any extra charges on top of the typical charges that
are there now what you need to bear in mind though is these potentially handled by other people totally or often have developed portfolios you’ve got a genuine individual doing the management you have to ensure you select the individual that’s right for you just like any profession this is your monetary properties so we absolutely need to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do want to use this function we’ve got a number of different alternatives 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 cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your charge card information or anything you can generally have this virtual portfolio imitate 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 a fantastic option for you again to test the theories okay you may want to purchase tesla or apple or this etf why not use the virtual alternative as a method to kind of safe have fun with it clearly you may have lost out on gains and losses during that time of course if you had actually invested your genuine money it enables you to construct 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 individuals and copy portfolios now here’s something to bear in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i indicate 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 run the risk of simply implies am i all right with potentially losing an excellent quantity of this financial investment or getting as
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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the fact 75 individuals will lose money however that equally indicates they’ll lose eventually in their journey undoubtedly individuals do earn money also and i have actually got videos everything about how you can make certain you’re one of the people to really earn money but in this situation ensure you research your risk level would you be all right offering your money to another person which is efficiently what you’re doing and trusting them make sure you comprehend what they’re investing in completely if you’re somebody who isn’t wanting to be that risky do not select someone who’s completely into crypto or currency conversion consider it you ‘d probably desire a backbone of strong products
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like gold or even oil plus more conventional etfs and index funds you may 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 easily over here you can copy individuals now it will offer you a lot of options and you can utilize the system to really look for somebody that you fancy actually following so let’s see maybe we want someone from united kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has fulfilled that criteria and it does offer you a risk factor as well so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no 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 alright with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine actually that i buy too which is good so actually for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s likewise got a little bit more um of the sort of main food business and you have actually got you know pharmaceutical and production business as that. Guy Hirsch Etoro.
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