We get htis a lot on our site the answer to 100 A Day With Etoro….Concerns that i hear from new investors what if you’re brand new to investing you just do not want to choose what you really want to invest and you desire someone to do it for you there’s only a couple of manner ins which that can occur the first of all you can work with an investment portfolio manager they’ll typically 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 buy mutual funds specific 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 as well now if you’re brand new to an overall please keep in mind this platform is rather innovative 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 finding out about please do study the platform do not simply assume due to the fact that i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that choice also so you actually get used 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 naturally your capital is at risk this is investing we’re doing you’re investing in real companies if you select to in this specific video we’re talking about how to copy other individuals’s financial investments with your money so clearly your capital is at danger and we need to bear that in mind do not simply do something because that individual has stated they have actually made profit 14 months in a row buy these options since you believe is the best ones for you which being stated let’s dive directly 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 alternative to see what other traders are doing unbelievable we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can actually state i want to do precisely what that trader is doing or match that exact portfolio of choices and generally each time they make a trade they purchase they offer whatever they do your money will be simulated with it so that implies if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges included actually important 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 included and even some of the zero charge websites then might not charge you for actually buying and selling funds or etfs individual products private stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 prior to you actually begin purchasing copy trading or copy portfolios and finally some best suggestions 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 truly essential to understand these now on there’s a number of costs there isn’t charges to do with in fact buying and selling all right so commission costs are free nevertheless there are a couple of other charges the first one is withdrawal costs so you can obviously put cash in now if you’re in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your money so you offer 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 of course understanding that i’m going to make sure that i’m just withdrawing when i definitely require to now you may state okay that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are simply one of those alternatives that they have a great deal of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every 6 months you understand depends completely how you’re investing but that is a cost to bear in mind the second cost that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’s fine 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 use anybody so if you’re using trading 2 and two free trade anyone at all this is basic they have i suppose stuck to whatever cost they charge for that conversion rate you type of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost 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 state provide me us dollars instead you need to pay their costs now the great feature of though when you have actually converted your money you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the preliminary 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 great utilizing that part of their website will not definitely restrict you in any way however we need to know two other charges the very first being what’s called spread fees all right and i’m going to show you what i imply on now a spread charge as i’m going to show you
on is basically the distinction that is part of the investment platform between the buy cost 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 right now tesla’s dollar worth 599 per share in tesla that in fact suggests that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the present cost of tesla is the worth of a share what’s called spread charges is the distinction then really to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more pricey to purchase 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 distinction in between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread costs it’s usually exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a bit money now the last accomplishment is called an
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overnight cost now this is really important if you’re in fact utilizing cfds yourself also an overnight cost is when you’re not doing that buy offer transaction in the same day alright there’s then an overnight fee charged and even if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which suggests you’re really buying the precise asset rather than using leverage anyway you won’t get hit with these fees but these costs are if you’re utilizing take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you go into the help section this isn’t the over night charges information 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 and that only applies as i said to cfds there are some service charges naturally depending upon what you are purchasing too this is on your own so keep that in mind however complete costs are entirely within their aid details fine and we talked about in addition to totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various methods of in fact using these copy functions they don’t have any extra costs on top of the typical fees that
exist now what you require to remember though is these possibly handled by other people completely or sometimes have developed portfolios you have actually got a genuine individual doing the management you need to make sure you select the individual that’s right for you similar to any kind of work this is your monetary possessions so we definitely need to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of different options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual methods i believe 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 basically have this virtual portfolio imitate as if you are using your own money however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine cash maybe this is a fantastic choice for you once again to test the theories all right you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe have fun with it obviously you might have lost out on gains and losses throughout that time naturally if you had invested your real money it permits you to construct confidence understand 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 in fact how to copy individuals and copy portfolios now here’s something to keep in mind prior to you select someone 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 indicate 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 simply implies am i alright with potentially losing a great amount of this financial investment or gaining as
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well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 individuals will lose cash but that equally suggests they’ll lose eventually in their journey clearly people do generate income too and i’ve got videos everything about how you can make sure you are among individuals to actually earn money however in this situation make certain you research your threat level would you be alright offering your cash to someone else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re investing in totally if you’re someone who isn’t wanting to be that dangerous do not select someone who’s totally into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products
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like gold or even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually utilize this too actually quickly over here you can copy people now it will offer you a lot of options and you can utilize the system to really look for someone that you elegant actually following so let’s see maybe we want somebody from unified kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has actually satisfied that criteria and it does provide you a threat element as well 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 people that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make 4 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 know ask you to validate are you fine with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she in fact purchasing 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 excellent to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine actually that i purchase too which is excellent so in fact for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the sort of main food companies and you have actually got you understand pharmaceutical and production business as that. 100 A Day With Etoro.
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