Ford Etoro – Ask Mary

We get htis a lot on our site the answer to Ford Etoro….Questions that i hear from new financiers what if you’re brand new to investing you merely don’t want to choose what you actually want to invest and you want somebody to do it for you there’s just a number of manner ins which that can occur the first off you can work with a financial investment portfolio supervisor they’ll usually charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are created 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 too now if you’re brand new to an overall please bear in mind this platform is rather sophisticated you can do cfds which of course cfds are ways of investing

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with not really having the total of capital so with anything that you’re learning about please do study the platform do not simply assume due to the fact that i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that choice as well so you really get used to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re purchasing real companies if you pick to in this particular video we’re speaking about how to copy other individuals’s investments with your cash so certainly your capital is at risk and we have to bear that in mind do not simply do something since that individual has actually said they’ve made revenue 14 months in a row buy these choices since you believe is the right 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 aspect that is probably.

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well-known for it’s the alternative to see what other traders are doing incredible we don’t usually 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 in fact say i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and basically whenever they make a trade they purchase they sell whatever they do your cash will be simulated with it so that suggests 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 costs included truly important you understand what are the costs of this now with any platform there will be some cost to certainly 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 some of the no cost sites then may not charge you for in fact buying and selling funds or etfs individual commodities private stocks.

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there’ll be costs on other parts possibly 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 show you the fees with in particular in this video the next would be things to understand prior to you in fact begin buying copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s start with fees truly important to understand these now on there’s a couple of costs there isn’t charges to do with actually buying and selling okay so commission charges are free nevertheless there are a number of other fees the very first one is withdrawal costs so you can obviously put cash 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 later but when you wish to withdraw your cash so you sell your shares you offer your commodities whatever you’re selling the minimum amount 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 only withdrawing when i absolutely need to now you may say all right that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are just among those choices that they have a great deal of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every 6 months you know depends totally how you’re investing however that is a charge to remember the second fee that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not a choice to purchase in euros or uk and that’s great that matches me.

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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading 2 and two free trade anybody this is basic they have actually i expect stuck with whatever cost they charge for that conversion rate you type of have to accept you know if you want to use their platform go from uk to us then that conversion charge is there what are they actually giving you in regards to your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and state offer me us dollars rather you need to pay their charges now the terrific aspect of however when you’ve converted your cash 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 indicates the initial 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 charges so that’s really great using that part of their site will not certainly limit you in any way nevertheless we have to understand two other fees the very first being what’s called spread fees all right and i’m going to reveal you what i mean 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 list price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that really implies that when you wish to purchase or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing cost of tesla is the value of a share what’s called spread fees is the difference then actually to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you say alright well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to offer it and that is how they make a bit of cash on those spread out charges it’s generally extremely small 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 task is called an

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overnight cost now this is truly important if you’re really utilizing cfds yourself too an overnight cost is when you’re refraining from doing that buy sell transaction in the same day okay there’s then an over night charge charged or even if you go from the friday to the monday before cruising a weekend cost 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 actually buying the precise property instead of using leverage anyhow you won’t get hit with these charges however these fees are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you enter into the help 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 and that just uses as i stated to cfds there are some added fees obviously depending upon what you are investing in too this is on your own so keep that in mind but complete charges are totally within their aid details okay and we spoke about 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 typical 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 utilizing these copy functions they do not have any extra fees on top of the regular costs that

are there now what you need to remember though is these potentially handled by other people totally or sometimes have actually produced portfolios you’ve got a real individual doing the management you have to ensure you select the person that’s right for you much like any kind of work this is your monetary assets so we definitely require to make sure it’s the ideal person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a couple of various choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual methods i think 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 charge card information or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own money however actually buy pretend buy copy people whatever you like if you’re not

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feeling comfy with utilizing your real cash possibly this is a fantastic choice for you again to evaluate the theories fine you might wish to purchase tesla or apple or this etf why not utilize the virtual option as a method to kind of safe play with it obviously you might have lost out on gains and losses during that time naturally if you had invested your real money it allows you to construct 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 bear in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i imply by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just suggests am i alright with possibly losing an excellent amount of this investment or gaining as

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well now remember everything is downs and ups you will generate income you’ll lose cash that’s why they make the fact 75 people will lose money but that equally means they’ll lose at some time in their journey certainly people do earn money also and i’ve got videos all about how you can make certain you’re one of the people to in fact make money however in this circumstance make sure you research study your danger level would you be all right providing your money to someone else which is efficiently what you’re doing and trusting them make sure you understand what they’re buying totally if you’re someone who isn’t wanting to be that risky don’t pick someone who’s totally into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products

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like gold or even oil plus more conventional 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 in fact utilize this too actually easily over here you can copy individuals now it will give you a lot of choices and you can use the system to actually search for somebody that you expensive in fact following so let’s see possibly we desire someone from united kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a great quantity and i can find everyone who has actually satisfied that requirements and it does offer you a risk element as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns

keep 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 might make four 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 validate are you all right with this and off you go now another way to actually 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 investing in 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 excellent to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got some of mine actually that i invest in too which is good so actually for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the type of main food companies and you have actually got you understand pharmaceutical and production business as that. Ford Etoro.

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