We get this a lot on our site and the answer to Etoro Lesnuits….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely do not want to choose what you in fact want to invest and you want somebody to do it for you there’s just a number of manner ins which that can occur the first of all you can work with an investment portfolio manager 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 obviously you can purchase mutual funds particular funds are developed 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 as well now if you’re brand new to an overall please remember this platform is rather sophisticated you can do cfds which obviously cfds are ways 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 do not just presume since i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that alternative as well so you really 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 naturally your capital is at risk this is investing we’re doing you’re purchasing genuine companies if you select to in this specific video we’re talking about how to copy other individuals’s investments with your money so obviously your capital is at danger and we need to bear that in mind do not simply do something because that individual has actually stated they have actually made profit 14 months in a row invest in these choices since you think is the best ones for you which being said let’s dive straight in [Music] The things we’re going to cover in this video is comprehending 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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famous for it’s the alternative to see what other traders are doing unbelievable we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can actually say i want to do precisely what that trader is doing or match that specific portfolio of choices and basically whenever they make a trade they purchase they offer whatever they do your money will be simulated with it so that suggests if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges included truly critical you comprehend what are the costs of this now with any platform there will be some cost to clearly these are genuine business 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 may not charge you for really buying and selling etfs or funds specific commodities specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to understand prior to you actually begin investing in copy trading or copy portfolios and lastly some best guidance finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s begin with costs really essential to understand these now on there’s a couple of charges there isn’t fees to do with really buying and selling alright so commission costs are complimentary nevertheless there are a number of other charges the very first one is withdrawal fees so you can obviously put money in now if you remain 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 in the future however when you want to withdraw your cash so you offer your shares you offer your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m only withdrawing when i definitely require to now you might state alright that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are just one of those alternatives that they have a great deal of platforms obviously are complimentary 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 six months you know depends completely how you’re investing but that is a charge to keep in mind the second cost that i’ve discussed is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk which’s fine that matches 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 great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading 2 and two open market anybody this is basic they have i expect stuck to whatever fee they charge for that conversion rate you sort of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge is there what are they really providing 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 offer me us dollars rather you need to pay their fees now the excellent thing about though when you have actually converted your money you do not have to invest it right now 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 additional charges so that’s really great utilizing that part of their website won’t definitely restrict you in any way nevertheless we need to be aware of two other costs the first being what’s called spread fees fine and i’m going to show you what i imply on now a spread charge as i’m going to show you
on is generally the distinction that belongs to the financial investment platform in between the buy price and the sale price alright 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 worth 599 per share in tesla that really indicates that when you want to purchase or sell as you can see it’s not the cost you’re seeing up here let me show you that once again so the present price of tesla is the value of a share what’s called spread charges is the difference then really 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 whenever you do a purchaser’s share so keep that in mind certainly it’s more expensive to buy than it is to offer so they’re going to give you less back with your sale and you say alright well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to offer it and that is how they make a little bit of cash on those spread charges it’s generally extremely small it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a little bit money now the last feat is called an
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over night fee now this is really essential if you’re in fact utilizing cfds yourself too an overnight charge is when you’re not doing that buy sell deal in the exact same day fine there’s then an over night cost charged and 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 really buying out the etf the stock the product and using time one utilize which suggests you’re in fact purchasing the exact property instead of using utilize anyhow you will not get hit with these charges however these costs are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you go into the assistance section this isn’t the over night charges 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 over night or you’re doing over weekends and that just uses as i said to cfds there are some service charges of course depending on what you are buying also this is on your own so keep that in mind however complete costs are completely within their aid details fine and we spoke about in addition to totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of in fact using these copy works they do not have any extra costs on top of the normal charges that
are there now what you require to remember though is these potentially managed by other people completely or sometimes have created portfolios you’ve got a genuine person doing the management you need to make sure you pick the individual that’s right for you similar to any kind of work this is your financial properties so we definitely need to make sure 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 use this function we’ve got a number of different choices for us firstly 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 ways i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your credit card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money however really 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 a terrific choice for you once again to check the theories okay you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe play with it undoubtedly you may have missed out on gains and losses throughout that time naturally if you had actually invested your real cash it allows 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 really how to copy people and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk 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 just means am i all right with possibly losing an excellent quantity of this financial investment or gaining as
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well now keep in mind everything is downs and ups you will generate income you’ll lose money that’s why they make the fact 75 people will lose money but that equally means they’ll lose at some point in their journey clearly individuals do generate income as well and i’ve got videos everything about how you can make sure you are among individuals to really make money however in this circumstance ensure you research your threat level would you be alright offering your cash to another person which is successfully 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 do not pick someone who’s completely into crypto or currency conversion think of it you ‘d most likely want a backbone 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 same with who you’re following now as i state you can really use this too actually easily over here you can copy people now it will offer you a lot of choices and you can use the system to in fact look for somebody that you fancy really following so let’s see maybe we desire somebody from unified kingdom um who buys let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can find everybody who has met that criteria and it does give you a risk element as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of people that have quite high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as simple 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 method 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 in fact 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 good to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine really that i buy too which is excellent so actually for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s also got a bit more um of the kind of primary food companies and you have actually got you know pharmaceutical and production business as that. Etoro Lesnuits.
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