We get htis a lot on our site the answer to Thiago Henry Etoro….Concerns that i hear from new financiers what if you’re brand new to investing you simply do not want to decide what you actually wish to invest and you want somebody to do it for you there’s just a number of ways that that can take place the first of all you can hire an investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is of course you can buy mutual funds specific funds are created 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 too now if you’re brand new to a total please remember this platform is quite sophisticated you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t just presume because i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they give that option as well so you actually get utilized to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re investing in genuine companies if you choose to in this particular video we’re speaking about how to copy other people’s investments with your money so clearly your capital is at risk and we have to bear that in mind do not simply do something since that person has said they’ve made earnings 14 months in a row buy these options due to the fact that you think is the best ones for you and that being said let’s dive straight in [Music] so the important 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 probably.
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popular for it’s the alternative to see what other traders are doing incredible we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can really state i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and essentially each time they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that implies 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 likewise cover is the costs involved actually vital you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine 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 absolutely no fee websites then may not charge you for actually buying and selling funds or etfs specific products private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of costs 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 understand prior to you in fact start investing in copy trading or copy portfolios and lastly some finest suggestions best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s start with charges really essential to understand these now on there’s a number of costs there isn’t charges to do with actually buying and selling okay so commission charges are complimentary nevertheless there are a couple of other fees the very first one is withdrawal fees so you can clearly put money in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your cash so you offer your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five 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 might say fine that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are simply among those alternatives that they have a great deal of platforms certainly are totally free 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 6 months you understand depends entirely how you’re investing but that is a cost to bear in mind 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 which’s great that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading 2 and two open market anybody this is basic they have i expect stuck with whatever cost 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 cost exists what are they in fact providing 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 state give me us dollars rather you need to pay their fees now the fantastic aspect of however when you have actually converted 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 preliminary day that you purchase 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 truly great using that part of their website will not certainly limit you in any way however we need to understand two other costs the very first being what’s called spread fees okay and i’m going to reveal you what i mean on now a spread charge as i’m going to show you
on is generally the distinction that belongs to the investment platform in between the buy price and the sale 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 value 599 per share in tesla that really indicates 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 present price of tesla is the value of a share what’s called spread costs is the difference then actually to purchase 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 every time you do a purchaser’s share so keep that in mind obviously it’s more expensive to purchase than it is to sell so they’re going to provide you less back with your sale and you state 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 bit of money on those spread charges it’s normally exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a little bit money now the last accomplishment is called an
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over night cost now this is truly essential if you’re really utilizing cfds yourself as well an overnight charge is when you’re refraining from doing that buy sell deal in the exact same day okay there’s then an overnight fee charged or even if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which means you’re in fact buying the precise possession instead of using utilize anyhow you will not get hit with these costs however these costs are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you enter into the help area this isn’t the overnight costs information 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 and that just uses as i said to cfds there are some surcharges obviously depending on what you are buying too this is on your own so keep that in mind however complete costs are totally within their aid info fine and we spoke about in addition to totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of in fact utilizing these copy functions they do not have any extra costs on top of the typical fees that
are there now what you need to keep in mind though is these potentially managed by other people completely or often have actually developed portfolios you’ve got a real person doing the management you need to make sure you pick the individual that’s right for you much like any line of work this is your financial assets so we definitely need to ensure it’s the best individual 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 choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your credit card information or anything you can basically have this virtual portfolio simulate as if you are using your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash perhaps this is a fantastic choice for you once again to evaluate the theories okay you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to sort of safe have fun with it clearly you may have lost out on gains and losses during that time of course if you had actually invested your real cash it permits you to build self-confidence understand the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i mean by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just indicates am i fine with possibly losing a great amount of this investment or getting 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 statistic 75 individuals will lose cash however that similarly means they’ll lose at some time in their journey clearly individuals do make money also and i have actually got videos everything about how you can make sure you are among individuals to actually generate income however in this situation make certain you research your danger level would you be alright providing your cash to another person which is effectively what you’re doing and trusting them make certain you comprehend what they’re purchasing fully if you’re someone who isn’t wishing to be that risky do not choose somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong commodities
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like gold or even oil plus more standard 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 state you can actually utilize this too really easily over here you can copy individuals now it will give you a lot of options and you can use the system to really search for someone that you expensive in fact following so let’s see perhaps we want somebody from joined kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds a great quantity and i can discover everybody who has actually satisfied that criteria and it does offer you a danger factor as well so it tends to be the greater 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 predictions of the future this does not imply someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to confirm are you alright with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she actually investing in so let’s go 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 know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is excellent so in fact for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s also got a bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production business as that. Thiago Henry Etoro.
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