We get htis a lot on our site the answer to Costi Etoro….Questions that i speak with new investors what if you’re brand new to investing you merely do not want to choose what you really wish to invest and you want someone to do it for you there’s only a couple of ways that that can take place the first off you can work with an investment portfolio supervisor they’ll typically charge a quite 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 purchase mutual funds particular funds are developed 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 too now if you’re brand new to a total please remember this platform is rather sophisticated you can do cfds which of course cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re discovering please do study the platform don’t just presume since i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that option as well so you actually get utilized to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re buying real business if you select to in this specific video we’re speaking about how to copy other people’s investments with your cash so clearly your capital is at risk and we need to bear that in mind do not just do something because that individual has stated they’ve made revenue 14 months in a row purchase these options because you believe is the ideal ones for you and that being stated let’s dive straight 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 element that is probably.
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famous for it’s the option to see what other traders are doing unbelievable we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can actually say i want to do exactly what that trader is doing or match that exact portfolio of choices and basically whenever they make a trade they purchase they sell whatever they do your money will be simulated with it so that means if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the charges involved actually vital you understand 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 buying the selling for you there’s going to be charges included and even some of the absolutely no charge websites then might not charge you for in fact buying and selling funds or etfs private products private stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand before you in fact begin buying copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s kick off with costs really crucial to comprehend these now on there’s a couple of costs there isn’t charges to do with actually buying and selling fine so commission fees are free nevertheless there are a couple of other charges the first one is withdrawal costs so you can clearly put cash in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you sell your shares you offer your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course understanding that i’m going to ensure that i’m just withdrawing when i definitely need to now you may state alright that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are simply one of those options that they have a lot of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every 6 months you know depends totally how you’re investing but that is a cost to bear in mind the second fee that i have actually discussed is that conversion charge now with you’re dealing in us dollars just there’s not an option to buy 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 anyone so if you’re utilizing trading two and 2 free trade anybody this is standard they have i expect stuck to whatever cost they charge for that conversion rate you kind of need to accept you understand if you wish to use their platform go from uk to us then that conversion cost is there what are they really 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 rather you have to pay their charges now the fantastic feature of however when you’ve transformed your money you do not have to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means 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 additional charges so that’s truly great using that part of their website won’t certainly limit you in any way nevertheless we have to be aware of 2 other charges the first being what’s called spread fees all right and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you
on is generally the difference that becomes part of the financial investment platform in between the buy price and the list price alright 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 really implies that when you want to purchase or offer as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current cost of tesla is the worth of a share what’s called spread costs is the distinction then actually to purchase 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 each time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to offer so they’re going to provide you less back with your sale and you say okay well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to sell it and that is how they make a little bit of cash on those spread charges it’s usually exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a little bit money now the last task is called an
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over night fee now this is actually essential if you’re in fact utilizing cfds yourself too an overnight fee is when you’re refraining from doing that buy sell transaction in the same day okay there’s then an overnight charge charged and even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one leverage which implies you’re really buying the exact possession instead of using take advantage of anyway you will not get hit with these fees but these fees are if you’re utilizing leverage 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 say if you go into the assistance section this isn’t the over night charges info you can see exactly 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 just uses as i stated to cfds there are some additional charges of course depending on what you are investing in too this is on your own so keep that in mind but complete fees are entirely within their assistance info all right and we discussed in addition to totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different ways of really utilizing these copy functions they don’t have any additional charges on top of the normal charges that
exist now what you need to keep in mind though is these possibly handled by other people totally or sometimes have actually developed portfolios you have actually got a genuine person doing the management you need to make sure you select the person that’s right for you just like any line of work this is your financial properties so we definitely need to make certain it’s the right individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of various options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual means i believe 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 credit card details or anything you can essentially have this virtual portfolio simulate as if you are using your own money however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money perhaps this is an excellent choice for you again to test the theories all right you might want to purchase tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe have fun with it obviously you may have missed out on gains and losses throughout that time obviously if you had actually invested your real money it permits you to develop confidence understand the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to bear in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i imply 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 simply implies am i all right with potentially losing a great quantity of this investment or acquiring as
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well now remember whatever is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 people will lose cash however that equally implies they’ll lose eventually in their journey certainly people do earn money too and i have actually got videos all about how you can ensure you are among the people to in fact earn money but in this circumstance ensure you research study your threat level would you be okay offering your cash to somebody else which is effectively what you’re doing and trusting them make sure you comprehend what they’re buying completely if you’re someone who isn’t wishing to be that dangerous do not select someone who’s totally into crypto or currency conversion think of it you ‘d probably want a backbone of strong products
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like gold and even oil plus more standard 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 state you can actually use this too really easily over here you can copy individuals now it will offer you a great deal of choices and you can utilize the system to really search for somebody that you fancy in fact following so let’s see possibly we want someone from united kingdom um who purchases let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can find everybody who has fulfilled that criteria and it does give you a danger aspect also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
keep 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 might make four or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to validate are you alright 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 really deep dive into what is she in fact buying 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 great to know ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got some of mine really that i buy too which is good so really for me understanding what i like to buy my individual 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 bit more um of the kind of primary food companies and you have actually got you understand pharmaceutical and production companies as that. Costi Etoro.
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