We get htis a lot on our site the answer to Etoro Closing Copy….Questions that i hear from brand-new investors what if you’re brand new to investing you merely do not wish to decide what you in fact wish to invest and you want somebody to do it for you there’s just a number of ways that that can occur the first off you can hire a financial investment portfolio supervisor they’ll usually charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is obviously you can purchase mutual funds particular 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 also now if you’re brand new to a total please remember this platform is rather innovative you can do cfds which of course cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform do not just assume due to the fact that i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that choice too so you actually get utilized to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying real companies if you choose to in this particular video we’re talking about how to copy other people’s investments with your money so clearly your capital is at risk and we need to bear that in mind do not simply do something since that person has actually said they have actually made profit 14 months in a row purchase these choices since you believe is the best ones for you which 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 element that is probably.
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famous for it’s the alternative to see what other traders are doing extraordinary we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of choices and generally every time they make a trade they buy they sell whatever they do your money will be imitated with it so that indicates if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs involved actually important you understand what are the expenses of this now with any platform there will be some expense to obviously these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no fee sites then might not charge you for in fact buying and selling funds or etfs individual commodities specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of costs 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 know before you actually begin investing in copy trading or copy portfolios and lastly some best suggestions finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s begin with charges really crucial to comprehend these now on there’s a number of costs there isn’t costs to do with in fact buying and selling okay so commission costs are free however there are a couple of other charges the first one is withdrawal charges so you can certainly put money 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 however when you want to withdraw your cash so you sell 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 naturally knowing that i’m going to make certain that i’m only withdrawing when i definitely require to now you may state fine that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are just among those options that they have a lot of platforms undoubtedly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every 6 months you understand depends entirely how you’re investing but that is a cost to remember the second charge that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone 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 sort of need to accept you know if you wish to use their platform go from uk to us then that conversion fee exists what are they in fact 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 say provide me us dollars rather you need to pay their fees now the excellent thing about however when you have actually converted your cash you do not need to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that means 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 additional charges so that’s truly great utilizing that part of their site will not definitely restrict you in any way nevertheless we have to know 2 other costs the first being what’s called spread costs alright and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is essentially the difference that belongs to the financial investment platform between the buy cost 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 website today tesla’s dollar value 599 per share in tesla that actually implies that when you want to sell or buy as you can see it’s not the cost you’re seeing up here let me show you that once again so the current price of tesla is the value of a share what’s called spread fees is the distinction then really to buy that share on the platform and you’ll discover this all over this is another way that they make a percentage of make money from you every time you do a buyer’s share so keep that in mind clearly it’s more expensive to purchase than it is to sell so they’re going to give you less back with your sale and you say fine well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it and that is how they make a little bit of cash on those spread out charges it’s usually exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit cash now the last feat is called an
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overnight cost now this is really important if you’re actually using cfds yourself too an over night fee is when you’re refraining from doing that buy offer deal in the exact same day all right there’s then an overnight fee charged and even if you go from the friday to the monday prior to sailing a weekend cost 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 implies you’re in fact purchasing the exact asset instead of utilizing utilize anyhow you won’t get hit with these costs but these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you enter into the help area this isn’t the over night charges details you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only uses as i said to cfds there are some service charges naturally depending upon what you are purchasing as well this is on your own so keep that in mind however full costs are totally within their aid details fine and we spoke about along with totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of actually using these copy functions they don’t have any extra charges on top of the typical fees that
are there now what you need to remember though is these possibly handled by other individuals entirely or sometimes have actually developed portfolios you have actually got a genuine individual doing the management you need to make sure you pick the person that’s right for you just like any line of work this is your monetary assets so we absolutely require to ensure it’s the best person 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 number of different options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your charge card details or anything you can generally have this virtual portfolio imitate as if you are using your own cash however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash possibly this is a great choice for you again to check the theories alright you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe have fun with it obviously you might have lost out on gains and losses throughout that time of course if you had actually invested your genuine money it enables you to construct confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact 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 ensure you understand what your threat 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 simply implies am i all right with possibly losing a good amount of this investment or acquiring 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 fact 75 people will lose money but that similarly means they’ll lose at some point in their journey certainly people do make money too and i’ve got videos all about how you can make sure you’re one of individuals to in fact generate income however in this circumstance make certain 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 certain you comprehend what they’re buying fully if you’re somebody who isn’t wishing to be that dangerous don’t pick someone who’s totally into crypto or currency conversion think about it you ‘d most likely want a foundation of strong products
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like gold or even oil plus more standard 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 say you can actually use this too really quickly over here you can copy individuals now it will provide you a great deal of choices and you can use the system to really look for someone that you elegant really following so let’s see maybe we desire somebody from unified kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has actually satisfied that requirements and it does offer you a danger element too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have rather high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to ensure 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 confirm are you all right with this and off you go now another way to really 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 investing in 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 understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is excellent so really for me knowing what i like to buy 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 chooses she’s also got a bit more um of the type of primary food business and you’ve got you know pharmaceutical and production companies as that. Etoro Closing Copy.
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