We get this a lot on our site and the answer to Etoro Nio….Questions that i hear from brand-new financiers what if you’re brand new to investing you just don’t want to decide what you actually want to invest and you desire someone to do it for you there’s only a number of ways that that can occur the first off you can work with an investment portfolio supervisor they’ll typically charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is of course you can purchase mutual funds particular funds are developed 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 too now if you’re brand new to an overall please bear in mind this platform is rather advanced you can do cfds which obviously cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just presume because i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they consider that option as well so you actually get used to the structure of the website 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 threat this is investing we’re doing you’re buying genuine business if you choose to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so obviously your capital is at risk and we need to bear that in mind do not simply do something since that individual has said they’ve made profit 14 months in a row purchase these options because you believe is the best ones for you which being said let’s dive directly in [Music] 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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popular for it’s the option to see what other traders are doing incredible we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our money we can actually say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and basically whenever they make a trade they buy they sell whatever they do your money will be imitated with it so that means if for instance 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 involved truly vital you understand what are the expenses of this now with any platform there will be some expense to certainly these are genuine 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 no cost websites then may not charge you for actually buying and selling funds or etfs specific commodities individual stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering 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 in fact begin purchasing copy trading or copy portfolios and finally some finest suggestions best practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s start with costs truly crucial to comprehend these now on there’s a couple of charges there isn’t costs to do with in fact buying and selling all right so commission costs are complimentary nevertheless there are a couple of other costs the first one is withdrawal fees 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 instantly converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your money so you sell your shares you offer your commodities 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 naturally understanding that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might say fine that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are just one of those choices that they have a lot of platforms clearly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you understand depends completely how you’re investing however that is a charge to remember the 2nd cost that i have actually touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk and that’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading two and two free trade anyone at all 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 want to use their platform go from uk to us then that conversion charge is there what are they in fact providing 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 say provide me us dollars instead you have to pay their charges now the excellent aspect of however when you have actually converted your cash you do not need to invest it immediately that dollar worth can sit in your portfolio as cash dollars for as long as you like so that indicates the initial 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 additional charges so that’s actually excellent using that part of their website will not definitely limit you in any way nevertheless we have to understand two other costs the first being what’s called spread charges okay and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you
on is basically the distinction that becomes part of the financial investment platform between the buy price and the 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 value 599 per share in tesla that in fact suggests that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me show you that again so the present rate of tesla is the worth of a share what’s called spread charges 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 percentage of profit from you whenever you do a purchaser’s share so keep that in mind certainly it’s more costly to purchase than it is to sell so they’re going to provide you less back with your sale and you say okay well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to sell it which is how they make a bit of cash on those spread costs it’s usually extremely small it could be a matter of pens matter of cents in there but 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 fee now this is actually essential if you’re actually using cfds yourself as well an overnight cost is when you’re refraining from doing that buy sell transaction in the exact same day fine there’s then an overnight cost charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one utilize which indicates you’re really purchasing the specific property instead of using utilize anyhow you will not get hit with these costs but these fees are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you enter into the assistance section this isn’t the overnight fees information 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 which just applies as i said to cfds there are some additional charges of course depending upon what you are investing in too this is on your own so keep that in mind however complete fees are completely within their assistance details fine and we spoke about in addition to complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 different ways of actually using these copy operates they do not have any additional costs on top of the regular charges that
exist now what you require to remember though is these possibly managed by other people completely or sometimes have actually developed portfolios you have actually got a real person doing the management you need to ensure you pick the person that’s right for you much like any type of work this is your monetary properties so we definitely require to make certain it’s the best individual for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of various options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your credit card details or anything you can generally have this virtual portfolio simulate as if you are using your own cash 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 possibly this is a fantastic option for you again to check the theories all right you may want to purchase tesla or apple or this etf why not utilize the virtual choice as a way to type of safe have fun with it undoubtedly you might have missed out on gains and losses during that time naturally if you had invested your real cash it permits you to develop 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 in fact how to copy individuals and copy portfolios now here’s something to bear in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i mean by that obviously 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 all right with potentially losing a good amount of this financial investment or gaining as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 people will lose money however that equally means they’ll lose eventually in their journey certainly people do make money as well and i’ve got videos all about how you can make certain you’re one of the people to really make money however in this circumstance make certain you research your danger level would you be alright providing your money to another person which is efficiently what you’re doing and trusting them ensure you comprehend what they’re investing in completely if you’re somebody who isn’t wanting to be that risky don’t pick someone who’s entirely into crypto or currency conversion consider it you ‘d probably want a backbone of strong products
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like gold and even oil plus more traditional 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 in fact utilize this too really easily over here you can copy individuals now it will offer you a great deal of choices and you can use the system to really look for somebody that you elegant in fact following so let’s see perhaps we want someone from united kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can find everyone who has actually fulfilled that criteria and it does give you a threat element too 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 quite high returns
keep in mind 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 other way to guarantee 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 confirm are you all right with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she actually purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine actually that i buy too which is excellent so in fact for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s likewise got a bit more um of the type of main food business and you’ve got you know pharmaceutical and production companies as that. Etoro Nio.
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