We get htis a lot on our site the answer to Etoro Vs Gdx….Questions that i speak with new investors what if you’re brand new to investing you simply do not want to decide what you really want to invest and you desire somebody to do it for you there’s just a number of manner ins which that can occur the first of all you can employ an investment portfolio manager they’ll typically charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is of course you can purchase mutual funds particular 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 as well now if you’re brand new to a total please bear in mind this platform is rather sophisticated you can do cfds which of course cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning more about please do study the platform do not just presume due to the fact that i utilize 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 in fact get utilized to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing real companies if you pick to in this particular video we’re discussing how to copy other people’s investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not just do something because that person has said they have actually made earnings 14 months in a row buy these choices because you believe is the right ones for you and that being stated let’s dive straight in [Music] so 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 probably.
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popular for it’s the option 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 implies with our cash we can actually state i wish to do exactly what that trader is doing or match that exact portfolio of choices and essentially every time they make a trade they purchase they sell whatever they do your money will be imitated with it so that means if for example 10 of their 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 fees included actually critical you understand what are the costs of this now with any platform there will be some expense to obviously these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no fee sites then may not charge you for in fact buying and selling etfs or funds private commodities private stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know prior to you really begin purchasing copy trading or copy portfolios and finally 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 costs actually important to understand these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling fine so commission costs are complimentary nevertheless there are a number of other costs the very first one is withdrawal fees so you can obviously put money in now if you’re 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 in the future however when you wish to withdraw your money so you sell your shares you offer 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 obviously understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you may state alright that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are just one of those alternatives that they have a lot of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every 6 months you understand depends completely how you’re investing however that is a charge to bear in mind the second charge that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s fine that suits me.
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a great deal 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 charge now when you use anyone so if you’re using trading 2 and 2 open market anyone at all this is standard they have actually i suppose stuck with whatever fee they charge for that conversion rate you sort of have to accept you understand if you want to use their platform go from uk to us then that conversion cost exists what are they in fact giving you in regards to 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 rather you have to pay their charges now the excellent thing about however when you have actually transformed your cash you do not have to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s really good utilizing that part of their site won’t definitely restrict you in any way however we have to understand two other fees the first being what’s called spread charges alright and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you
on is essentially the distinction that becomes part of the financial investment platform in between the buy price and the price okay 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 sell or buy as you can see it’s not the cost you’re seeing up here let me show you that again so the current rate of tesla is the value of a share what’s called spread charges is the distinction then in fact to buy 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 whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to sell so they’re going to give you less back with your sale and you state all right well why does that occur it simply 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 wish to sell it which is how they make a bit of cash on those spread charges it’s generally extremely little 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 accomplishment is called an
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overnight fee now this is truly important if you’re really utilizing cfds yourself as well an overnight charge is when you’re refraining from doing that buy sell transaction in the same day alright there’s then an overnight fee charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one utilize which indicates you’re really buying the exact asset rather than utilizing take advantage of anyhow you will not get hit with these costs but these fees are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy offering in the same day so let’s state if you enter into the help section this isn’t the over night costs details you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that only applies as i stated 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 full fees are entirely within their assistance info all right and we spoke about as well as free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two various ways of in fact using these copy operates they do not have any extra costs on top of the regular costs that
are there now what you need to bear in mind though is these possibly handled by other people totally or sometimes have created portfolios you have actually got a genuine person doing the management you have to make certain you select the individual that’s right for you similar to any profession this is your monetary properties so we definitely require to make certain it’s the best person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of various options for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your charge card details or anything you can generally have this virtual portfolio imitate as if you are using your own money but really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash possibly this is a terrific option for you again to evaluate the theories okay you might want to purchase tesla or apple or this etf why not use the virtual alternative as a way to sort of safe have fun with it undoubtedly you may have missed out on gains and losses during that time of course if you had invested your real money it enables you to build confidence comprehend 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 in fact how to copy people and copy portfolios now here’s something to keep in mind before you select someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i imply by that undoubtedly 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 means am i fine with possibly losing an excellent amount of this investment or gaining as
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well now keep in mind everything is downs and ups you will generate income you’ll lose money that’s why they make the fact 75 individuals will lose money however that equally means they’ll lose eventually in their journey certainly people do make money as well and i’ve got videos everything about how you can ensure you’re one of the people to actually earn money however in this circumstance make sure you research your danger level would you be all right offering your cash to another person which is effectively 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 select somebody who’s totally into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products
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like gold or even oil plus more conventional etfs and index funds you may 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 really use this too really quickly over here you can copy people now it will give you a great deal of options and you can utilize the system to actually search for somebody that you fancy 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 a minimum of 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has satisfied that requirements and it does provide you a threat element too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people that have rather high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you alright 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 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 bit so that’s good to know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine really that i purchase too which is good so really for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she prefers she’s also got a little bit more um of the kind of primary food companies and you’ve got you know pharmaceutical and production business as that. Etoro Vs Gdx.
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