Karthik Etoro – Ask Mary Traders

We get htis a lot on our site the answer to Karthik Etoro….Questions that i hear from brand-new financiers what if you’re brand new to investing you merely don’t wish to decide what you in fact wish to invest and you desire someone to do it for you there’s just a couple of ways that that can happen the first off you can employ a financial investment portfolio supervisor they’ll generally 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 obviously you can buy mutual funds particular funds are developed 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 an overall please remember 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 since i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they consider that option too so you actually get used to the structure of the website 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 danger this is investing we’re doing you’re investing in real companies if you choose to in this particular video we’re discussing how to copy other people’s investments with your money so certainly your capital is at threat and we need to bear that in mind do not simply do something since that person has stated they’ve made profit 14 months in a row buy these options since you think is the best ones for you and that being stated let’s dive straight 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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well-known for it’s the alternative to see what other traders are doing incredible we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our money we can really state i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and basically whenever they make a trade they buy they offer whatever they do your cash will be mimicked with it so that suggests if for example 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 included really important you comprehend what are the expenses of this now with any platform there will be some expense to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no charge websites then might not charge you for actually buying and selling funds or etfs specific products individual stocks.

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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges 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 understand before you in fact start buying copy trading or copy portfolios and finally some best guidance best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s start with fees really essential to comprehend these now on there’s a couple of charges there isn’t charges to do with really buying and selling all right so commission costs are complimentary however there are a number of other fees the first one is withdrawal costs so you can certainly 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 later however when you wish to withdraw your money so you offer your shares you sell 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 understanding that i’m going to make certain that i’m just withdrawing when i definitely require to now you may state alright that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are simply one of those choices that they have a lot of platforms obviously are complimentary 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 once every six months you know depends completely how you’re investing but that is a cost to keep in mind the 2nd charge that i’ve touched upon is that conversion cost now with you’re handling us dollars only 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 purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading two and 2 free trade anyone at all this is basic they have actually i suppose 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 charge exists what are they in fact offering 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 provide me us dollars instead you need to pay their fees now the excellent thing about however when you’ve converted your cash you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that implies the preliminary 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 good using that part of their website won’t certainly limit you in any way however we have to know two other charges the first being what’s called spread fees okay and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you

on is basically the distinction that belongs to the investment platform between the buy rate 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 value 599 per share in tesla that actually indicates that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that once again so the current cost of tesla is the worth 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 way that they make a percentage of profit from you every time you do a purchaser’s share so keep that in mind clearly it’s more pricey to buy than it is to offer so they’re going to provide you less back with your sale and you state fine well why does that happen it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to offer it which is how they make a little bit of money on those spread out fees it’s typically exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a little bit money now the last task is called an

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overnight charge now this is truly important if you’re actually utilizing cfds yourself as well an over night fee is when you’re refraining from doing that buy sell deal in the exact same day okay there’s then an over night charge charged or perhaps if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which suggests you’re really purchasing the exact asset rather than utilizing utilize anyhow you won’t get hit with these costs but 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 same day so let’s state if you go into the help area this isn’t the over night costs info you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that only applies as i stated to cfds there are some additional charges of course depending on what you are investing in too this is on your own so keep that in mind but complete charges are totally within their assistance details all right and we talked about in addition to complimentary 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 five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of actually utilizing these copy works they do not have any extra charges on top of the typical costs that

are there now what you need to remember though is these possibly handled by other people entirely or sometimes have produced portfolios you have actually got a real individual doing the management you have to make certain you pick the individual that’s right for you much like any kind of work this is your financial assets so we absolutely need to make certain it’s the ideal 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 first off if you’re brand new to investing i want to draw your attention to this within you have the alternative 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 need to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash however actually purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with utilizing your real cash possibly this is a terrific alternative for you once again to evaluate the theories all right you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to type of safe have fun with it clearly you may have lost out on gains and losses during that time of course if you had invested your genuine cash it permits you to develop self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my genuine 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 pick somebody 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 mean by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just means am i fine with potentially losing an excellent amount of this financial investment or getting as

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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the fact 75 individuals will lose money but that equally implies they’ll lose at some time in their journey certainly individuals do make money too and i have actually got videos all about how you can make certain you’re one of individuals to really make money however in this situation make sure you research study 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 sure you comprehend what they’re purchasing fully if you’re someone who isn’t wishing to be that dangerous don’t pick somebody who’s entirely into crypto or currency conversion think about it you ‘d probably want a foundation of strong products

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like gold or perhaps oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually utilize this too actually quickly over here you can copy people now it will provide you a lot of choices and you can use the system to actually look for somebody that you expensive really following so let’s see perhaps we want someone from joined kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has actually met that requirements and it does give you a threat element as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people 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 could make 4 or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to validate are you okay with this and off you go now another way to actually deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she really buying 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 type of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is great so really for me understanding 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 chooses she’s also got a bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production business as that. Karthik Etoro.

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