We get htis a lot on our site the answer to Vagabund Etoro….Questions that i speak with new investors what if you’re brand new to investing you simply do not want to choose what you really want to invest and you want somebody to do it for you there’s just a number of ways that that can occur the first of all you can hire an investment portfolio supervisor they’ll typically charge a quite 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 particular funds are produced once 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 also now if you’re brand new to an overall please bear in mind this platform is rather innovative you can do cfds which obviously cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform don’t simply assume since i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they give that option as well so you in fact get used to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in genuine business if you pick to in this particular video we’re talking about how to copy other individuals’s investments with your money so obviously your capital is at threat and we have to bear that in mind do not simply do something because that individual has actually stated they’ve made revenue 14 months in a row invest in these options because you believe is the right ones for you and that being stated let’s dive directly 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 element that is most likely.
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well-known for it’s the choice to see what other traders are doing amazing we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can actually state i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and basically each time they make a trade they buy they offer whatever they do your cash will be imitated 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 money in so we’re going to also cover is the fees included really crucial you understand what are the expenses of this now with any platform there will be some cost to clearly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero fee sites then might not charge you for in fact buying and selling etfs or funds private products individual 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 type of costs associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand before you in fact begin investing in copy trading or copy portfolios and finally some best recommendations best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s kick off with charges actually crucial to understand these now on there’s a couple of fees there isn’t fees to do with really buying and selling fine so commission fees are free nevertheless there are a number of other costs the very first one is withdrawal costs so you can undoubtedly put cash in now if you remain in the uk we put our uk money.
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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 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 five 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 might state fine that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are just one of those choices that they have a lot of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every six months you understand depends entirely how you’re investing but that is a charge to remember the 2nd fee that i’ve discussed is that conversion fee now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading 2 and two free trade anybody this is basic they have actually i suppose stuck with whatever charge they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion fee 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 bargain with them you can’t go to the bank and say give me us dollars rather you have to pay their charges now the fantastic feature of though when you have actually transformed your money you do not need to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you purchase or transform 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 truly good utilizing that part of their website won’t certainly limit you in any way nevertheless we need to be aware of 2 other fees the first being what’s called spread costs fine and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you
on is essentially the difference that is part of the investment platform in between the buy price and the sale price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that in fact means that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing rate of tesla is the value of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of profit from you every time 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 offer you less back with your sale and you state all right well why does that occur it simply 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 cash on those spread out fees it’s generally incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a little bit money now the last accomplishment is called an
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overnight charge now this is really important if you’re in fact utilizing cfds yourself also an overnight fee is when you’re not doing that buy offer transaction in the very same day all right there’s then an over night charge charged and even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one utilize which means you’re actually buying the exact possession instead of using leverage anyhow you won’t get hit with these charges however these costs are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you enter into the help area this isn’t the overnight charges 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 just uses as i stated to cfds there are some surcharges naturally depending on what you are buying too this is on your own so keep that in mind however full charges are entirely within their aid info fine and we spoke about along with 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 everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of really using these copy functions they do not have any additional fees on top of the typical costs that
are there now what you need to keep in mind though is these possibly managed by other individuals totally or sometimes have actually produced portfolios you’ve got a genuine person doing the management you have to make sure you select the person that’s right for you much like any kind of work this is your monetary possessions so we definitely need to make certain it’s the right person for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a number of different choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual means 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 credit card details or anything you can basically have this virtual portfolio imitate as if you are using your own money but really purchase 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 alternative for you once again to evaluate the theories okay you might want to purchase tesla or apple or this etf why not utilize the virtual option as a method to sort of safe play with it certainly you may have lost out on gains and losses during that time of course if you had actually invested your real money it allows you to build confidence comprehend the platform so that’s one option 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 people and copy portfolios now here’s something to remember prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i indicate 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 risk simply indicates am i alright with possibly losing a great amount of this financial investment or gaining as
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well now keep in mind everything is ups and downs you will make money you’ll lose money that’s why they make the fact 75 people will lose money however that similarly indicates they’ll lose eventually in their journey undoubtedly people do earn money as well and i have actually got videos everything about how you can make sure you are among the people to actually earn money however in this scenario make certain you research study your threat level would you be alright offering your money to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re buying fully if you’re someone who isn’t wanting to be that risky do not select someone who’s entirely 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 traditional etfs and index funds you may 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 really use this too actually quickly over here you can copy individuals now it will provide you a great deal of choices and you can utilize the system to actually search for somebody that you fancy in fact following so let’s see maybe we desire someone from united kingdom um who buys let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a great amount and i can find everyone who has satisfied that criteria and it does offer you a danger element also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of people that have rather high returns
keep in mind it resembles 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 simple as clicking the copy button and off you go and then you know ask you to confirm are you okay with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she really purchasing 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 excellent to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got some of mine actually that i buy too which is excellent so in fact for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she prefers she’s likewise got a little bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production companies as that. Vagabund Etoro.
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