We get htis a lot on our site the answer to Etoro Vs Mt Gox….Questions that i speak with new investors what if you’re brand new to investing you just do not want to decide what you really want to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can take place the to start with you can work with an investment portfolio manager they’ll normally charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are developed 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 as well now if you’re brand new to an overall please remember this platform is quite sophisticated you can do cfds which of course cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform do not just assume since i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they give that alternative as well so you in fact get utilized to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re purchasing real companies if you pick to in this specific video we’re speaking about how to copy other individuals’s financial investments with your money so certainly your capital is at danger and we need to bear that in mind do not just do something since that individual has said they have actually made earnings 14 months in a row purchase these options since you think is the right ones for you which being stated 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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famous for it’s the choice to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can actually say i wish to do precisely what that trader is doing or match that precise portfolio of choices and generally each time they make a trade they purchase 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 cash in so we’re going to also cover is the costs involved actually critical you understand what are the expenses of this now with any platform there will be some cost to obviously these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero charge sites then might not charge you for really buying and selling funds or etfs specific products specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand prior to you really begin buying copy trading or copy portfolios and finally some best guidance finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s begin with costs truly essential to comprehend these now on there’s a number of charges there isn’t charges to do with in fact buying and selling all right so commission fees are complimentary however there are a couple of other charges the first one is withdrawal costs so you can undoubtedly put cash in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you sell your shares you sell your commodities 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 naturally knowing that i’m going to make sure that i’m just withdrawing when i definitely require to now you might state fine that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are simply among those choices that they have a great deal 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 when every 6 months you know depends totally how you’re investing but that is a cost to bear in mind the second cost that i’ve discussed is that conversion charge now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’s fine that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re utilizing trading two and two free trade anyone at all this is standard they have i expect stuck with whatever charge they charge for that conversion rate you sort of need to accept you understand if you want 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 provide me us dollars rather you have to pay their costs now the fantastic thing about however when you have actually transformed your money you do not have to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s truly great utilizing that part of their site won’t definitely limit you in any way however we have to understand 2 other fees the first being what’s called spread costs all right and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is essentially the distinction that becomes part of the investment platform in between the buy price and the price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that really indicates that when you want to sell or buy as you can see it’s not the cost you’re seeing up here let me reveal you that again so the present cost of tesla is the value of a share what’s called spread costs is the difference then in fact to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of profit from you every time you do a buyer’s share so keep that in mind certainly it’s more expensive to purchase than it is to offer so they’re going to give you less back with your sale and you say all right well why does that occur it just 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 sell it which is how they make a little bit of money on those spread out costs it’s normally exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit money now the last accomplishment is called an
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overnight charge now this is truly essential if you’re actually using cfds yourself as well an overnight cost is when you’re not doing that buy sell deal in the same day all right there’s then an over night cost charged or even if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which implies you’re in fact buying the specific possession instead of utilizing take advantage of anyway you will not get hit with these costs but these fees are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you go into the aid area this isn’t the overnight costs info you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends and that only applies as i said to cfds there are some added fees of course depending on what you are investing in as well this is on your own so keep that in mind however full fees are totally within their aid details all right and we discussed in addition to complimentary to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of really using these copy functions they don’t have any additional fees on top of the regular charges that
exist now what you need to remember though is these potentially managed by other individuals entirely or in some cases have actually produced portfolios you have actually got a genuine individual doing the management you have to ensure you select the individual that’s right for you much like any kind of work this is your monetary properties so we definitely need to ensure it’s the best person for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of various alternatives 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 ways i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money maybe this is an excellent option for you again to check the theories fine you might want to buy tesla or apple or this etf why not utilize the virtual option as a way to sort of safe play with it obviously you might have lost out on gains and losses during that time of course if you had invested your real cash it enables you to construct self-confidence comprehend the platform so that’s one choice 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 people and copy portfolios now here’s something to remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure 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 financial investments the riskier you can be risk simply suggests am i fine with potentially losing an excellent quantity of this financial investment or acquiring as
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well now keep in mind everything is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 people will lose money but that similarly indicates they’ll lose at some point in their journey undoubtedly individuals do generate income also and i have actually got videos everything about how you can ensure you’re one of individuals to really make money however in this situation ensure you research study your risk level would you be okay offering your money to somebody else which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing totally if you’re someone who isn’t wanting to be that dangerous do not choose someone who’s completely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong commodities
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like gold or even oil plus more traditional 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 really utilize this too really easily over here you can copy individuals now it will provide you a lot of options and you can use the system to in fact look for somebody that you fancy actually following so let’s see possibly we desire someone from joined kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can discover everybody who has fulfilled that requirements and it does provide you a risk element also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals that have rather high returns
remember it’s like anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to confirm are you all right 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 really deep dive into what is she actually investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine really that i invest in too which is great so actually for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s also got a little bit more um of the type of main food business and you’ve got you understand pharmaceutical and production business as that. Etoro Vs Mt Gox.
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