We get htis a lot on our site the answer to Ibrahim Chauvin Etoro….Concerns that i speak with brand-new financiers what if you’re brand new to investing you simply do not wish to decide what you really wish to invest and you want someone to do it for you there’s just a number of ways that that can happen the first of all you can hire an investment portfolio manager they’ll generally charge a quite a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is of course you can buy mutual funds particular funds are created 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 too now if you’re brand new to an overall please keep in mind this platform is quite innovative you can do cfds which naturally cfds are methods of investing
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with not in fact having the full amount 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 utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they consider that choice as well so you in fact get used to the structure of the website and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re buying genuine business if you select to in this specific video we’re talking about how to copy other individuals’s financial investments with your cash so certainly your capital is at risk and we need to bear that in mind do not simply do something since that individual has stated they have actually made profit 14 months in a row invest in these choices due to the fact that you believe is the best ones for you and that 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 aspect that is probably.
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well-known for it’s the choice to see what other traders are doing amazing we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can in fact state i wish to do exactly what that trader is doing or match that precise portfolio of options and generally every time they make a trade they buy they offer whatever they do your cash will be simulated 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 also cover is the charges involved truly important you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no cost sites then might not charge you for really buying and selling funds or etfs specific products specific stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know prior to you really begin buying copy trading or copy portfolios and finally some finest recommendations best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with costs truly important to comprehend these now on there’s a couple of fees there isn’t charges to do with actually buying and selling fine so commission costs are totally free however there are a number of other costs the very first one is withdrawal costs so you can undoubtedly put cash in now if you remain in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your cash so you sell your shares you offer 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 of course knowing that i’m going to make sure that i’m only withdrawing when i absolutely need to now you may say fine that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are just among those choices that they have a great deal of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every 6 months you know depends entirely how you’re investing however that is a charge to remember the second cost that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an option to buy in euros or uk and that’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading 2 and 2 free trade anybody this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you kind of have to accept you understand if you want to utilize their platform go from uk to us then that conversion fee is there 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 give me us dollars instead you have to pay their costs now the excellent feature of though when you’ve converted your money you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s actually good using that part of their site won’t definitely limit you in any way however we need to understand two other fees the first being what’s called spread charges okay and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you
on is essentially the difference that is part of the investment platform in between the buy rate and the sale price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that really suggests that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the present price of tesla is the worth of a share what’s called spread charges is the difference then in fact to buy 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 buyer’s share so keep that in mind obviously it’s more expensive to buy than it is to offer so they’re going to provide you less back with your sale and you say 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 difference between if you’re buying it then you wish to offer it and that is how they make a little bit of money on those spread fees it’s typically extremely small 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 bit cash now the last accomplishment is called an
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overnight charge now this is really crucial if you’re in fact utilizing cfds yourself as well an over night charge is when you’re not doing that buy sell transaction in the same day fine there’s then an over night cost charged or even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one leverage which suggests you’re in fact buying the precise possession instead of using utilize anyhow you won’t get hit with these charges but these fees are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s say if you go into the assistance area this isn’t the over night costs info you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only uses as i said to cfds there are some additional charges obviously depending upon what you are investing in as well this is on your own so keep that in mind but complete charges are completely within their help information fine and we discussed in addition to free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of actually using these copy operates they do not have any additional charges on top of the regular fees that
exist now what you require to bear in mind though is these possibly handled by other people completely or often have produced portfolios you’ve got a real person doing the management you have to ensure you select the person that’s right for you much like any profession this is your monetary assets so we definitely require to ensure it’s the ideal person for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of different choices for us first of all 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 play with and it’s not real money that you’re investing you won’t need to put in your charge card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash perhaps this is a great alternative for you once again to evaluate the theories all right you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe have fun with it obviously you may have lost out on gains and losses throughout that time of course if you had invested your genuine money it allows you to build confidence understand the platform so that’s one option for you then next week and i’m going to return to my genuine 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 before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i mean by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just means am i alright with possibly losing an excellent amount of this investment or getting as
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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 individuals will lose money however that similarly means they’ll lose at some time in their journey undoubtedly individuals do generate income too and i’ve got videos all about how you can make sure you’re one of individuals to in fact earn money but in this scenario ensure you research your risk level would you be okay giving your money to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re somebody who isn’t wishing to be that risky do not pick somebody who’s totally into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities
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like gold and even oil plus more conventional 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 say you can really utilize this too truly quickly over here you can copy people now it will offer you a lot of choices and you can utilize the system to actually look for someone that you elegant in fact following so let’s see maybe we want somebody from united kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can discover everybody who has met that criteria and it does offer you a risk aspect also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of people that have rather high returns
keep in mind it resembles 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 4 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 know ask you to validate are you fine with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she actually purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got some of mine really that i buy too which is good so in fact for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the type of main food companies and you’ve got you understand pharmaceutical and production business as that. Ibrahim Chauvin Etoro.
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