We get this a lot on our site and the answer to Close All Positions 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 want somebody to do it for you there’s only a couple of ways that that can take place the to start with you can employ a financial investment portfolio manager they’ll normally charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is of course you can buy mutual funds specific 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 too now if you’re brand new to an overall please keep in mind this platform is quite sophisticated you can do cfds which naturally cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re learning about please do study the platform don’t just assume since i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative too so you in fact get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re purchasing genuine companies if you select to in this particular video we’re talking about how to copy other individuals’s financial investments with your money so certainly your capital is at risk and we need to bear that in mind do not just do something because that person has said they have actually made earnings 14 months in a row buy these choices because you think is the right ones for you and that being stated let’s dive straight in [Music] so 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 element that is most likely.
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well-known for it’s the choice to see what other traders are doing unbelievable we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can actually say i want to do exactly what that trader is doing or match that exact portfolio of options and essentially each time they make a trade they buy they offer whatever they do your cash will be simulated with it so that suggests if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise 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 a few of the zero cost websites then might not charge you for in fact buying and selling funds or etfs specific commodities private stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand before you actually begin investing in copy trading or copy portfolios and lastly some finest guidance finest practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s kick off with costs actually important to understand these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling okay so commission charges are complimentary however there are a number of other costs the very first one is withdrawal charges 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 want to withdraw your money so you offer your shares you offer your commodities whatever you’re offering 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 knowing that i’m going to make sure that i’m only withdrawing when i absolutely require to now you may state fine that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are simply among those choices 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 largely it can be maybe even once a year as soon as every six months you know depends completely how you’re investing but that is a charge to bear in mind the 2nd fee that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an option to buy in euros or uk and that’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading two and two open market anybody this is basic they have i expect stuck with whatever cost they charge for that conversion rate you type of need 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 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 say offer me us dollars instead you have to pay their fees now the great aspect of however when you have actually converted your cash you do not have to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s actually good using that part of their site will not certainly limit you in any way however we have to know two other charges the very first being what’s called spread charges 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 basically the distinction that becomes part of the investment platform in between the buy price and the list price all right 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 actually means that when you want to sell or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing price of tesla is the worth of a share what’s called spread charges is the distinction then in fact 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 benefit from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase 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 occur it just 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 which is how they make a little bit of money on those spread costs it’s normally exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a little bit money now the last task is called an
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over night fee now this is actually crucial if you’re really utilizing cfds yourself too an over night fee is when you’re not doing that buy sell transaction in the very same day fine there’s then an over night fee charged or perhaps 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 in fact buying out the etf the stock the product and utilizing time one take advantage of which means you’re in fact purchasing the exact possession rather than using take advantage of anyway you will not get hit with these fees but these charges are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you go into the help section 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 overnight or you’re doing over weekends and that just uses as i stated to cfds there are some surcharges obviously depending upon what you are purchasing too this is on your own so keep that in mind but full costs are entirely within their aid details okay and we spoke about in addition to free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of actually using these copy operates they do not have any additional costs on top of the normal charges that
are there now what you require to bear in mind though is these potentially handled by other people entirely or often have developed portfolios you have actually got a genuine person doing the management you need to make certain you choose the individual that’s right for you just like any profession this is your financial assets so we definitely require to make certain it’s the best 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’ve got a couple of various alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your charge card details or anything you can generally have this virtual portfolio simulate as if you are using 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 perhaps this is an excellent choice for you once again to evaluate the theories alright you may wish to buy tesla or apple or this etf why not use the virtual option as a method to sort of safe have fun with it clearly you might have missed out on gains and losses during that time naturally if you had actually invested your genuine money it allows you to develop confidence comprehend 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 really how to copy people and copy portfolios now here’s something to keep in mind before you select somebody 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 mean by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk just suggests am i fine with potentially losing an excellent quantity of this investment or gaining as
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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 individuals will lose cash but that equally indicates they’ll lose eventually in their journey certainly individuals do earn money as well and i’ve got videos everything about how you can ensure you are among individuals to in fact make money however in this situation make certain you research your threat level would you be all right providing your cash to someone else which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in fully if you’re someone who isn’t wanting to be that dangerous do not select somebody who’s totally into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong commodities
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like gold or perhaps oil plus more standard 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 utilize this too actually easily over here you can copy people now it will offer you a lot of options and you can utilize the system to really look for somebody that you fancy in fact following so let’s see possibly we want someone from joined kingdom um who buys let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has actually fulfilled that requirements and it does provide you a risk aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of individuals that have rather high returns
keep in mind 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 might make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to confirm are you all right 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 actually purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is great so really for me knowing what i like to purchase my private 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 likewise got a little bit more um of the kind of primary food companies and you’ve got you know pharmaceutical and production business as that. Close All Positions Etoro.
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