We get htis a lot on our site the answer to Iban Revolut Etoro….Questions that i hear from brand-new financiers what if you’re brand new to investing you just do not want to choose what you in fact wish to invest and you desire somebody to do it for you there’s just a couple of ways that that can occur the firstly you can work with an investment portfolio manager they’ll generally charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are developed once 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 an overall please keep in mind this platform is quite 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 about please do study the platform don’t just assume due to the fact that i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they give that choice too so you in fact get utilized to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re investing in real business if you select to in this particular video we’re discussing how to copy other people’s investments with your money so obviously your capital is at risk and we need to bear that in mind do not simply do something since that individual has said they have actually made profit 14 months in a row buy these choices since you believe is the best ones for you which being stated let’s dive straight in [Music] so 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 probably.
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popular for it’s the option to see what other traders are doing unbelievable we don’t typically 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 in fact state i want to do precisely what that trader is doing or match that specific portfolio of options and generally every time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that indicates if for example 10 of their 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 understand what are the expenses of this now with any platform there will be some cost to obviously these are real 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 charge sites then might not charge you for actually buying and selling funds or etfs individual products individual 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 kinds of costs associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know prior to you actually start purchasing copy trading or copy portfolios and finally some finest suggestions finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s kick off with costs truly crucial to comprehend these now on there’s a couple of costs there isn’t fees to do with actually buying and selling alright so commission costs are totally free however there are a number of other fees the very first one is withdrawal fees so you can obviously put cash in now if you remain 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 in the future however when you wish to withdraw your cash so you sell your shares you sell your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i definitely need to now you may say all right that’s rather costly 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 obviously are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every six months you know depends completely how you’re investing but that is a charge to bear in mind the second charge that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not a choice to purchase in euros or uk which’s fine that matches 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 great with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re utilizing trading 2 and 2 free trade anyone at all this is basic they have actually i suppose stuck to whatever fee they charge for that conversion rate you type of have to accept you know if you wish to utilize their platform go from uk to us then that conversion cost exists what are they in fact offering you in regards to 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 instead you need to pay their fees now the great thing about however when you’ve transformed your cash you do not need to invest it right away 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 buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s truly excellent using that part of their site will not certainly restrict you in any way nevertheless we have to know two other charges the very first being what’s called spread costs all right and i’m going to reveal you what i mean on now a spread cost as i’m going to reveal you
on is basically the distinction that becomes part of the financial investment platform in between the buy rate and the sale price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that actually suggests that when you want to offer or buy as you can see it’s not the price you’re seeing up here let me reveal you that again so the existing rate of tesla is the worth of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll find this all over this is another manner in which they make a percentage of benefit from you whenever you do a purchaser’s share so keep that in mind obviously it’s more pricey to buy than it is to sell so they’re going to give you less back with your sale and you say all right well why does that happen it just does that is the nature of a great deal 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 bit of cash on those spread charges it’s typically exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a bit money now the last task is called an
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over night cost now this is actually important if you’re actually utilizing cfds yourself too an overnight charge is when you’re refraining from doing that buy offer deal in the very same day alright there’s then an over night charge charged or even if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which implies you’re really buying the exact property rather than utilizing utilize anyway you will not get hit with these charges but these charges are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you enter into the assistance area this isn’t the overnight costs details you can see exactly the breakdown and it’ll tell 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 uses as i stated to cfds there are some added fees obviously depending upon what you are investing in as well this is on your own so keep that in mind but full charges are entirely within their aid info alright and we talked about as well as free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 different ways of in fact using these copy works they don’t have any additional charges on top of the normal charges that
exist now what you require to keep in mind though is these possibly handled by other individuals entirely or sometimes have created portfolios you have actually got a real person doing the management you need to ensure you pick the person that’s right for you much like any kind of work this is your financial assets so we definitely need 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 use this function we have actually got a couple of different 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 choice to invest genuine 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 money that you’re investing you won’t need to put in your charge card details or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash perhaps this is a terrific choice for you once again to evaluate the theories alright you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a way to kind of safe play with it clearly you might have lost out on gains and losses during that time naturally if you had actually invested your real cash it enables you to develop self-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 actually 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 understand what your threat profile is now what do i indicate by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just implies am i fine with potentially losing a great amount of this financial investment or gaining 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 figure 75 individuals will lose cash but that similarly means they’ll lose at some point in their journey clearly individuals do generate income as well and i have actually got videos everything about how you can ensure you’re one of the people to really generate income but in this situation make certain you research your danger level would you be fine providing your money to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re somebody who isn’t wanting to be that risky don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or even oil plus more traditional etfs and index funds you may 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 actually utilize this too actually easily over here you can copy individuals now it will give you a lot of options and you can utilize the system to really look for somebody that you elegant in fact following so let’s see maybe we desire someone from joined kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everyone who has actually met that criteria and it does offer you a risk aspect too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have quite high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not indicate 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 simple as clicking the copy button and off you go and then you understand ask you to confirm are you okay with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really 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 great to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is good so actually for me understanding what i like to purchase my specific 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 bit more um of the type of main food business and you have actually got you know pharmaceutical and production business as that. Iban Revolut Etoro.
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