We get htis a lot on our site the answer to Pay Pie Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you simply don’t want to choose what you in fact want to invest and you desire somebody 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 usually charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular 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 too now if you’re brand new to an overall please remember this platform is quite sophisticated 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 do not just presume because i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they give that option too so you actually get used to the structure of the website and after that 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 danger this is investing we’re doing you’re investing in real business if you pick to in this particular video we’re speaking about how to copy other individuals’s investments with your money so clearly your capital is at danger and we have to bear that in mind do not just do something because that individual has actually said they’ve made revenue 14 months in a row invest in these options due to the fact that you think is the ideal ones for you and that being said let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one element that is probably.
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famous 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 suggests with our money we can actually state i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and generally each time they make a trade they purchase they offer whatever they do your cash will be imitated with it so that suggests 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 also cover is the charges included actually important you understand what are the costs of this now with any platform there will be some cost to clearly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no fee sites then may not charge you for actually buying and selling funds or etfs individual commodities private stocks.
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there’ll be fees 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 show you the fees with in particular in this video the next would be things to understand before you in fact start investing in copy trading or copy portfolios and lastly some finest suggestions best practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s kick off with charges truly important to comprehend these now on there’s a couple of costs there isn’t costs to do with really buying and selling okay so commission fees are free however there are a couple of other charges the first one is withdrawal fees so you can undoubtedly put money 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 in the future but when you want to withdraw your cash so you offer 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 only withdrawing when i absolutely require to now you may state okay that’s quite 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 fees are just among those choices that they have a great deal of platforms clearly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every 6 months you know depends completely how you’re investing however that is a cost to remember the second charge that i have actually touched upon is that conversion fee now with you’re handling us dollars just there’s not an option to purchase in euros or uk and that’s great that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading 2 and 2 free trade anyone at all this is basic they have i expect stuck to whatever charge 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 charge is there what are they actually 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 say give me us dollars instead you need to pay their fees now the great feature of however when you’ve transformed your cash you do not need to invest it immediately that dollar value can being 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 happens now with copy trading and copy portfolios there aren’t any extra costs so that’s actually excellent utilizing that part of their site will not certainly restrict you in any way nevertheless we have to be aware of two other fees the very first being what’s called spread fees all right and i’m going to show you what i indicate on now a spread charge as i’m going to reveal you
on is essentially the distinction that belongs to the financial investment platform in between the buy rate and the price all right 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 means that when you want to purchase 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 price of tesla is the value of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of make money from you each time you do a buyer’s share so keep that in mind clearly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you state okay well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you wish to sell it which is how they make a bit of money on those spread costs it’s normally incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a little bit money now the last task is called an
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overnight fee now this is really essential if you’re actually utilizing cfds yourself too an overnight fee is when you’re refraining from doing that buy sell deal in the exact same day fine there’s then an over night charge charged and even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which means you’re really buying the precise asset instead of utilizing leverage anyway you will not get hit with these costs however these costs are if you’re using take advantage of 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 assistance section this isn’t the overnight fees details you can see precisely 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 and that just applies as i said to cfds there are some service charges of course depending on what you are buying as well this is on your own so keep that in mind however complete fees are completely within their help details fine and we talked about in addition to free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of in fact utilizing these copy works they don’t have any additional fees on top of the normal charges that
are there now what you need to remember though is these potentially managed by other people totally or in some cases have produced portfolios you’ve got a real person doing the management you have to make sure you choose the individual that’s right for you much like any kind of work this is your monetary possessions so we definitely require to make certain it’s the ideal individual for us prior to we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple of different options for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative 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 cash that you’re investing you won’t require to put in your credit card details or anything you can essentially have this virtual portfolio mimic as if you are using your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash possibly this is a terrific option for you once again to evaluate the theories alright you may wish to purchase tesla or apple or this etf why not utilize the virtual option as a way to type of safe play with it clearly you may have missed out on gains and losses during that time of course if you had actually invested your genuine cash it allows you to build 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 keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i suggest by that clearly 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 risk just indicates am i alright with possibly losing a great amount of this financial investment or gaining as
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well now remember whatever is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose money but that equally indicates they’ll lose at some point in their journey obviously individuals do generate income also and i have actually got videos everything about how you can make certain you’re one of individuals to in fact earn money however in this scenario make certain you research study your threat level would you be alright offering your cash to another person which is successfully what you’re doing and trusting them make sure you comprehend what they’re purchasing completely if you’re somebody who isn’t wishing to be that dangerous don’t pick somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong commodities
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like gold or even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually utilize this too really quickly over here you can copy individuals now it will offer you a great deal of choices and you can utilize the system to actually search for someone that you elegant really following so let’s see possibly we desire somebody from united kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can find everyone who has fulfilled that criteria and it does provide you a danger factor 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 people that have rather high returns
remember it’s like anything to do with the news or predictions 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 way to ensure 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 validate are you all right with this and off you go now another way to really 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 really purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is great so actually for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the sort of main food business and you’ve got you know pharmaceutical and production business as that. Pay Pie Etoro.
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