We get htis a lot on our site the answer to Samcik Etoro….Questions that i hear from new financiers what if you’re brand new to investing you just do not want to choose what you in fact want to invest and you desire someone to do it for you there’s just a couple of manner ins which that can happen the to start with you can work with an investment portfolio manager they’ll normally charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds particular funds are developed 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 a total please keep in mind this platform is rather innovative you can do cfds which naturally cfds are ways 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 do not just presume due to the fact that i utilize it that you can use 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 in fact get utilized to the structure of the site and then 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 business if you select to in this specific video we’re talking about how to copy other people’s financial investments with your money so undoubtedly your capital is at risk and we have to bear that in mind do not just do something since that person has stated they’ve made earnings 14 months in a row buy these options due to the fact that you believe is the ideal ones for you which being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is probably.
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popular for it’s the choice to see what other traders are doing incredible we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can in fact say i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially whenever they make a trade they buy they offer whatever they do your cash will be mimicked with it so that means if for instance 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 likewise cover is the fees involved actually crucial you understand what are the costs of this now with any platform there will be some cost to clearly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the no fee sites then may not charge you for really buying and selling etfs or funds specific products private 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 charges 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 in fact start buying copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s start with costs truly essential to understand these now on there’s a number of charges there isn’t fees to do with in fact buying and selling alright so commission costs are totally free nevertheless there are a couple of other fees the very first one is withdrawal costs so you can certainly put money in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your cash so you offer your shares you offer your products whatever you’re selling 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 understanding that i’m going to make sure that i’m just withdrawing when i absolutely need to now you may say okay 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 someplace and withdrawal fees are just one of those alternatives that they have a great deal of platforms undoubtedly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every 6 months you know depends entirely how you’re investing but that is a cost to remember the second cost that i have actually discussed is that conversion fee now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’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 purchasing and even some crypto so i’m excellent 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 two free trade anybody this is standard they have i suppose stuck with whatever charge 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 really 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 give me us dollars instead you have to pay their costs now the great 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 money dollars for as long as you like so that suggests the preliminary day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s actually excellent utilizing that part of their site will not certainly restrict you in any way however we need to know 2 other fees the very first being what’s called spread charges alright and i’m going to show you what i indicate on now a spread charge as i’m going to reveal you
on is essentially the difference that becomes part of the financial investment platform in between the buy rate and the price fine it’s their premium on doing both those 2 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 want to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the present price of tesla is the value of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll find this all over this is another way that they make a small amount of make money from you every time you do a purchaser’s share so keep that in mind certainly it’s more pricey to buy than it is to sell 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 offer it which is how they make a little bit of cash on those spread charges it’s normally incredibly little 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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over night charge now this is really crucial if you’re really using cfds yourself too an over night charge is when you’re refraining from doing that buy sell transaction in the exact same day okay there’s then an over night charge charged or even if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one utilize which indicates you’re actually purchasing the exact possession rather than utilizing utilize anyway you will not get hit with these fees however these fees are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s state if you enter into the aid section this isn’t the over night costs info you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which only uses as i stated to cfds there are some additional charges of course depending on what you are buying too this is on your own so keep that in mind however full costs are completely within their help info all right and we discussed along with complimentary to deposit in however there’s a five 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 fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of really utilizing these copy operates they don’t have any extra charges on top of the typical costs that
exist now what you require to remember though is these potentially managed by other people totally or sometimes have actually developed portfolios you have actually got a real person doing the management you need to make certain you choose the person that’s right for you similar to any type of work this is your financial possessions so we definitely need to make sure it’s the best individual for us before we copy them so the first things i would call it if you do want to use this function we’ve got a number 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 option to invest genuine cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are using your own money but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money perhaps this is a great option for you once again to evaluate the theories all right you might want to buy tesla or apple or this etf why not utilize the virtual option as a way to sort of safe have fun with it obviously you may have missed out on gains and losses throughout that time obviously if you had actually invested your real cash it enables you to develop 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 people and copy portfolios now here’s something to bear in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i imply by that clearly 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 suggests am i alright with possibly losing a great quantity of this investment or acquiring as
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well now keep in mind everything is ups and downs you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose cash however that equally means they’ll lose at some point in their journey obviously people do make money as well and i have actually got videos everything about how you can ensure you’re one of individuals to really generate income however in this scenario make certain you research study your danger level would you be okay providing your cash to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re investing in completely if you’re somebody who isn’t wishing to be that risky don’t pick someone who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products
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like gold or perhaps oil plus more standard 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 utilize this too actually easily over here you can copy individuals now it will give you a great deal of options and you can utilize the system to really look for someone that you fancy really following so let’s see perhaps we desire 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 great amount and i can discover everyone who has met that criteria and it does give you a danger aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to verify are you alright with this and off you go now another way to really deep dive if we click this person for example ruby mza as an example you can in fact 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 little bit so that’s good 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 in fact that i invest in too which is good so really for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the type of main food business and you have actually got you know pharmaceutical and production business as that. Samcik Etoro.
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