We get htis a lot on our site the answer to Ashom Etoro….Concerns that i hear from brand-new financiers what if you’re brand new to investing you just do not want to choose what you actually want to invest and you desire someone to do it for you there’s only a couple of manner ins which that can take place the first of all you can hire an investment portfolio supervisor they’ll generally charge a quite a high premium to do that perhaps one or two percent of your profits will go to them the other thing is obviously you can buy mutual funds specific funds are created 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 keep in mind this platform is quite innovative you can do cfds which naturally cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning 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 choice also so you really get utilized to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in genuine business if you choose to in this specific video we’re talking about how to copy other people’s investments with your money so certainly your capital is at danger and we have to bear that in mind do not simply do something because that person has actually said they have actually made revenue 14 months in a row invest in these options due to the fact that you think is the ideal ones for you which being said let’s dive directly 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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popular for it’s the choice to see what other traders are doing incredible we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can actually say i wish to do exactly what that trader is doing or match that specific portfolio of choices and essentially whenever they make a trade they buy they sell whatever they do your money will be simulated with it so that suggests 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 also cover is the costs included truly crucial you comprehend 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 purchasing the selling for you there’s going to be charges involved and even a few of the no fee websites then may not charge you for actually buying and selling funds or etfs specific products specific 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 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 know prior to you actually start investing in copy trading or copy portfolios and lastly some best recommendations finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s start with fees really crucial to understand these now on there’s a number of costs there isn’t costs to do with in fact buying and selling fine so commission fees are free nevertheless there are a couple of other fees the first one is withdrawal costs so you can certainly put money 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 cash so you offer your shares you offer your commodities whatever you’re offering 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 only withdrawing when i definitely require to now you might say fine that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are just among those alternatives that they have a great deal of platforms obviously are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every 6 months you know depends totally how you’re investing however that is a cost to keep in mind the second fee that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an alternative to buy in euros or uk and that’s great that matches 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 great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading two and 2 free trade anyone at all this is standard they have i expect stuck with whatever fee they charge for that conversion rate you kind of have to accept you understand if you want to use their platform go from uk to us then that conversion fee is there what are they in fact providing 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 offer me us dollars rather you need to pay their charges now the terrific feature of however when you have actually converted your money you do not have to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s truly excellent utilizing that part of their website won’t definitely restrict you in any way however we have to know two other charges the first being what’s called spread costs okay and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you
on is essentially the distinction that belongs to the financial investment platform 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 site right now tesla’s dollar worth 599 per share in tesla that actually suggests that when you wish to purchase or sell as you can see it’s not the price you’re seeing up here let me show you that again so the current cost of tesla is the value of a share what’s called spread charges is the distinction then really to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind certainly it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you say alright well why does that occur it simply 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 offer it which is how they make a bit of cash on those spread out costs it’s generally extremely small it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a little bit cash now the last feat is called an
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overnight fee now this is really important if you’re really using cfds yourself also an overnight fee is when you’re refraining from doing that buy offer deal in the very same day okay there’s then an overnight fee charged or even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one leverage which means you’re actually purchasing the exact possession instead of utilizing take advantage of anyhow you will not get hit with these charges however these costs are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you go 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 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 service charges of course depending on what you are purchasing as well this is on your own so keep that in mind however full fees are totally within their aid info okay and we talked about in addition to totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of really using these copy works they do not have any additional charges on top of the regular charges that
exist now what you require to remember though is these possibly managed by other individuals entirely or often have developed portfolios you’ve got a genuine person doing the management you have to make certain you select the individual that’s right for you similar to any type of work this is your financial assets so we absolutely 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 want to use this function we’ve got a number of different 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 alternative to invest genuine cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your charge card information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own money however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money possibly this is a terrific choice for you once again to check the theories okay you might want to purchase tesla or apple or this etf why not use the virtual choice as a method to type of safe play with it certainly you may have lost out on gains and losses during that time obviously if you had invested your genuine money it enables you to construct confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember before you pick 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 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 just indicates am i alright with potentially losing a good quantity of this financial investment or acquiring as
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well now remember whatever is downs and ups you will make money you’ll lose money that’s why they make the figure 75 people will lose money but that similarly indicates they’ll lose eventually in their journey clearly individuals do make money as well and i’ve got videos everything about how you can ensure you are among individuals to in fact earn money but in this circumstance make certain you research your danger level would you be okay offering your money to another person which is successfully what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re someone who isn’t wanting to be that dangerous don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong products
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like gold and even oil plus more standard etfs and index funds you might not want 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 use this too actually quickly over here you can copy individuals now it will provide you a lot of choices and you can use the system to actually search for someone that you elegant in fact following so let’s see possibly we want somebody from united kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has met that criteria and it does provide you a risk factor too so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of people that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you alright with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she in fact 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 great to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got a few of mine actually that i purchase too which is great so actually for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s also got a little bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production business as that. Ashom Etoro.
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