We get htis a lot on our site the answer to Etoro Free Exchange….Questions that i speak with new investors what if you’re brand new to investing you simply do not want to choose what you really want to invest and you want someone to do it for you there’s only a couple of manner ins which that can happen the first off you can work with an investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are produced 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 also now if you’re brand new to an overall please keep in mind this platform is rather innovative you can do cfds which of course cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform do not just presume since i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they give that alternative too so you really get used to the structure of the site 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 threat this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re discussing how to copy other individuals’s financial investments with your money so obviously your capital is at threat and we need to bear that in mind do not just do something because that individual has actually stated they have actually made revenue 14 months in a row buy these choices since you think is the ideal ones for you and that being said 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 most likely.
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popular for it’s the alternative to see what other traders are doing unbelievable we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can really 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 mimicked with it so that means if for example 10 of their investment portfolio remains 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 really critical you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly 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 absolutely no fee sites then may not charge you for in fact buying and selling etfs or funds private products specific stocks.
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there’ll be costs on other parts possibly 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 costs with in particular in this video the next would be things to know before you really start purchasing copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with costs really crucial to comprehend these now on there’s a couple of charges there isn’t fees to do with actually buying and selling fine so commission charges are free nevertheless there are a couple of other charges the first one is withdrawal charges so you can obviously put cash in now if you remain 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 but when you wish to withdraw your money so you sell your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m just withdrawing when i absolutely require to now you may say alright that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are simply among those alternatives that they have a great deal of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every six months you understand depends completely how you’re investing however that is a charge to bear in mind the second charge that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk which’s great that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading two and 2 free trade anybody this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you kind of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee is there 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 give me us dollars instead you have to pay their costs now the fantastic aspect of though when you’ve transformed your money you do not have to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s truly great utilizing that part of their website will not definitely limit you in any way however we have to understand two other costs the very 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 show you
on is generally the distinction that belongs to the investment platform between the buy cost 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 right now tesla’s dollar value 599 per share in tesla that really means that when you wish to buy or sell as you can see it’s not the cost you’re seeing up here let me show you that once again so the existing price of tesla is the value of a share what’s called spread fees is the difference then really 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 profit from you every time you do a purchaser’s share so keep that in mind certainly it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you say all right well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to sell it which is how they make a bit of money on those spread fees it’s normally incredibly 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 actually crucial if you’re actually utilizing cfds yourself as well an overnight cost is when you’re not doing that buy sell transaction in the exact same day all right there’s then an overnight cost charged or perhaps if you go from the friday to the monday prior to cruising 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 means you’re really buying the precise property rather than utilizing leverage anyhow you will not get hit with these fees but these charges 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 state if you enter into the aid area this isn’t the over night charges information you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which just uses as i stated to cfds there are some added fees of course depending on what you are purchasing as well this is on your own so keep that in mind but full charges are entirely within their assistance details fine and we discussed along with free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product 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 ways of actually utilizing these copy operates they don’t have any additional costs on top of the normal costs that
exist now what you need to bear in mind though is these possibly handled by other people completely or in some cases have actually produced portfolios you have actually got a genuine individual doing the management you need to make sure you choose the person that’s right for you just like any profession this is your monetary possessions so we definitely need to make sure it’s the best person for us prior to we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple of various options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine 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 won’t need to put in your charge card information or anything you can generally have this virtual portfolio imitate as if you are using your own cash but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash maybe this is an excellent option for you again to evaluate the theories alright you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to sort of safe play with it certainly you might have lost out on gains and losses during that time naturally if you had actually invested your genuine cash it allows 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 individuals and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i suggest by that clearly 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 risk simply implies am i fine with possibly losing a good amount of this financial investment or gaining as
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well now keep in mind everything is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose cash but that similarly means they’ll lose at some time in their journey undoubtedly people do make money as well and i’ve got videos everything about how you can make certain you are among individuals to really generate income however in this scenario make certain you research study your threat level would you be alright offering your cash to another person which is successfully what you’re doing and trusting them ensure you understand what they’re purchasing completely if you’re somebody who isn’t wanting to be that dangerous don’t select somebody who’s totally into crypto or currency conversion consider it you ‘d probably want a foundation of strong products
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like gold and even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually utilize this too really quickly over here you can copy individuals now it will offer you a great deal of choices and you can utilize the system to in fact search for someone that you expensive in fact following so let’s see maybe we want somebody from joined kingdom um who buys let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds a good amount and i can find everybody who has met that criteria and it does offer you a danger factor also 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
remember it’s like anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to ensure 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 verify are you fine with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she actually 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 know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got some of mine really that i purchase too which is good 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 good spread in tech companies that appears to be what she chooses she’s likewise got a bit more um of the sort of primary food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Free Exchange.
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