We get this a lot on our site the answer to Etoro Cis….Questions that i hear from new investors what if you’re brand new to investing you simply don’t want to decide what you really want to invest and you desire somebody to do it for you there’s only a couple of ways that that can happen the first of all you can work with an investment portfolio manager they’ll normally charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is naturally you can purchase mutual funds specific 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 a total please keep in mind this platform is rather sophisticated you can do cfds which obviously cfds are ways of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t simply presume because i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative also so you in fact get utilized to the structure of the site and after that when you’re ready to use 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 purchasing real business if you choose to in this specific video we’re talking about how to copy other people’s investments with your money so obviously your capital is at risk and we have to bear that in mind do not simply do something because that individual has said they have actually made revenue 14 months in a row purchase these choices since you think is the best ones for you and that being said let’s dive directly in [Music] so the important 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 most likely.
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popular for it’s the option to see what other traders are doing extraordinary we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and generally whenever they make a trade they purchase they offer whatever they do your money will be simulated with it so that suggests 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 fees involved actually important you understand what are the costs of this now with any platform there will be some cost to obviously these are real companies 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 might not charge you for in fact buying and selling funds or etfs individual products private stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs 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 understand prior to you actually start investing in copy trading or copy portfolios and finally some finest advice best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s kick off with charges truly essential to comprehend these now on there’s a number of charges there isn’t charges to do with actually buying and selling alright so commission charges are totally free nevertheless there are a number of other costs the very first one is withdrawal charges so you can clearly put money in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you wish to withdraw your money so you sell 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 naturally knowing that i’m going to make certain that i’m only withdrawing when i definitely need to now you might say all right 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 costs are just among those alternatives that they have a lot of platforms clearly are free 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 six months you know depends totally how you’re investing but that is a cost to keep in mind the second cost that i’ve touched upon is that conversion cost now with you’re handling us dollars just there’s not an option to purchase in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading two and two free trade anybody 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 want 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 bargain with them you can’t go to the bank and state provide me us dollars rather you have to pay their fees now the excellent feature of however when you’ve transformed your cash you do not need to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s actually great using that part of their site will not definitely limit you in any way nevertheless we have to understand two other charges the first being what’s called spread costs alright and i’m going to show you what i mean on now a spread cost as i’m going to show you
on is generally the difference that becomes part of the financial investment platform in between the buy cost and the price alright 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 actually means that when you wish 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 present price of tesla is the worth of a share what’s called spread costs is the distinction then really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind obviously it’s more costly to buy than it is to sell so they’re going to provide you less back with your sale and you state okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference 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 generally exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit money now the last feat is called an
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overnight fee now this is really important if you’re actually utilizing cfds yourself as well an over night cost is when you’re refraining from doing that buy sell deal in the very same day fine there’s then an over night charge charged and even if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re actually buying the precise asset instead of using utilize anyway you won’t get hit with these charges however these charges are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s say if you enter into the help area this isn’t the overnight charges info 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 only applies as i said to cfds there are some surcharges of course depending upon what you are purchasing also this is on your own so keep that in mind however complete costs are completely within their assistance info all right and we talked about in addition to totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever 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 methods of actually using these copy operates they don’t have any extra costs on top of the regular fees that
exist now what you require to bear in mind though is these potentially managed by other people completely or sometimes have created portfolios you’ve got a genuine person doing the management you need to make certain you select the person that’s right for you similar to any kind of work this is your financial properties so we absolutely 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 wish to use this function we have actually got a number of various alternatives 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 cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money however really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money perhaps this is a fantastic choice for you once again to test the theories fine you may want to buy tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe play with it undoubtedly you may have missed out on gains and losses throughout that time of course if you had invested your genuine cash 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 genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i imply by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of simply indicates am i all right with possibly losing a good amount of this investment or getting as
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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose money but that similarly means they’ll lose at some point in their journey undoubtedly individuals do earn money as well and i have actually got videos all about how you can make sure you’re one of the people to really earn money however in this situation ensure you research your danger level would you be alright offering your cash to someone else which is successfully what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re someone who isn’t wanting to be that dangerous do not choose 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 exact same with who you’re following now as i state you can really use this too actually quickly over here you can copy people now it will provide you a great deal of choices and you can use the system to in fact look for someone that you fancy really following so let’s see maybe we desire somebody from united kingdom um who buys let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can find everybody who has actually satisfied that requirements and it does provide you a threat 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 number of people that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to validate are you all right with this and off you go now another way to really 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 quite heavy into microsoft mastercard amazon she likes her tech a little 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 some of mine in fact that i invest in too which is great so actually for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a little bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production business as that. Etoro Cis.
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