We get htis a lot on our site the answer to Trading Bitcoin Etoro….Concerns that i speak with new investors what if you’re brand new to investing you just don’t wish to decide what you actually wish to invest and you want someone to do it for you there’s just a couple of ways that that can occur the firstly you can work with an investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is obviously you can buy mutual funds particular funds are developed 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 also now if you’re brand new to an overall please bear in mind this platform is quite innovative 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 finding out about please do study the platform don’t simply assume due to the fact that i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they give that alternative also so you actually get used to the structure of the site 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 threat this is investing we’re doing you’re investing in real companies if you select to in this specific video we’re speaking about how to copy other people’s investments with your money so certainly your capital is at threat and we have to bear that in mind do not simply do something because that person has actually said they’ve made profit 14 months in a row purchase these choices due to the fact that you think is the ideal ones for you which being stated 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 aspect that is most likely.
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famous for it’s the alternative to see what other traders are doing amazing 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 indicates with our cash we can actually state i wish to do precisely what that trader is doing or match that specific portfolio of choices and essentially every time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that implies if for instance 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 likewise cover is the costs involved truly vital you comprehend what are the expenses of this now with any platform there will be some expense to certainly these are real 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 no charge websites then might not charge you for in fact buying and selling funds or etfs specific 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 fees 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 lastly some finest suggestions finest practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s kick off with fees truly important to understand these now on there’s a couple of charges there isn’t charges to do with actually buying and selling fine so commission charges are totally free nevertheless there are a couple of other fees the first one is withdrawal charges so you can certainly 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 later but when you want to withdraw your cash so you sell your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might state okay 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 charges are simply one of those options that they have a great deal of platforms certainly 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 six months you know depends totally how you’re investing but that is a cost to remember 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 and that’s fine that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and 2 open market anyone at all this is standard they have actually 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 charge 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 bargain with them you can’t go to the bank and state give me us dollars instead you have to pay their charges now the terrific thing about however when you’ve transformed your money you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests 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 fees so that’s really good using that part of their website won’t definitely restrict you in any way however we need to know two other costs the very first being what’s called spread costs fine and i’m going to reveal you what i suggest on now a spread charge as i’m going to show you
on is essentially the distinction that is part of the investment platform in between the buy price 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 in fact means that when you wish to offer or purchase as you can see it’s not the price you’re seeing up here let me show you that once again so the existing cost of tesla is the worth of a share what’s called spread charges is the distinction then actually to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of benefit from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to offer 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 great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it which is how they make a bit of cash on those spread fees it’s normally incredibly small it could be a matter of pens matter of cents in there however 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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over night cost now this is actually important if you’re actually utilizing cfds yourself too an over night fee is when you’re not doing that buy offer transaction in the exact 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 product and using time one take advantage of which means you’re in fact buying the exact property instead of using take advantage of anyway you will not get hit with these charges however these charges are if you’re utilizing utilize and cfds and after that you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you enter into the aid section this isn’t the overnight costs info 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 over night or you’re doing over weekends which just uses as i said to cfds there are some service charges naturally depending on what you are investing in as well this is on your own so keep that in mind but complete charges are entirely within their assistance details all right and we talked about along with free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of in fact using these copy operates they do not have any additional charges on top of the regular fees that
exist now what you need to bear in mind though is these possibly managed by other individuals totally or in some cases have actually created portfolios you have actually got a real person doing the management you have to make sure you choose the person that’s right for you similar to any type of work this is your monetary assets so we absolutely require to make certain it’s the ideal individual for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of different options for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual ways 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 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 cash but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money perhaps this is an excellent alternative for you once again to test the theories okay you may want to buy tesla or apple or this etf why not utilize the virtual option as a method to type of safe have fun with it clearly you might have missed out on gains and losses during that time obviously if you had invested your real money it allows you to develop confidence understand the platform so that’s one alternative 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 remember prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i indicate by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just indicates am i fine with potentially losing a good amount of this investment or getting 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 fact 75 individuals will lose money however that equally implies they’ll lose eventually in their journey certainly individuals do earn money as well and i’ve got videos all about how you can make sure you are among the people to actually earn money however in this scenario make sure you research your threat level would you be fine giving your cash to another person which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re someone who isn’t wanting to be that dangerous do not pick someone who’s totally into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may not desire 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 utilize this too truly easily over here you can copy individuals now it will give you a lot of options and you can utilize the system to in fact look for someone that you expensive actually following so let’s see possibly we desire somebody from united kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a good amount and i can find everybody who has actually met that requirements and it does give you a risk factor too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have quite high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to confirm are you alright with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can actually 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 good to understand ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine really that i buy too which is excellent so actually 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 little bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Trading Bitcoin Etoro.
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