We get this a lot on our site and the answer to Etoro To Exodus….Questions that i hear from brand-new financiers what if you’re brand new to investing you simply don’t wish to choose what you in fact wish to invest and you desire somebody to do it for you there’s just a number of manner ins which that can happen the first off you can hire a financial investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps a couple of 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 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 a total please remember this platform is quite innovative you can do cfds which obviously cfds are methods 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 do not just assume since i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they give that choice as well so you actually get utilized to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously 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 discussing how to copy other people’s investments with your cash so obviously your capital is at threat 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 purchase these choices since you believe is the ideal ones for you and that being said 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 aspect that is probably.
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well-known for it’s the option to see what other traders are doing amazing we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can really state i want to do precisely what that trader is doing or match that exact portfolio of choices and generally each time they make a trade they buy they sell whatever they do your money will be mimicked with it so that suggests if for example 10 of their financial 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 costs included really vital you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly these are genuine business 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 sites then may not charge you for actually buying and selling funds or etfs specific commodities specific stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know prior to you really begin investing in copy trading or copy portfolios and finally some best advice finest 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 fees really important to comprehend these now on there’s a number of charges there isn’t charges to do with really buying and selling fine so commission fees are totally free however there are a number of other charges the first one is withdrawal costs so you can obviously put money in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your cash so you sell your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might state okay that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are simply among those alternatives that they have a great deal of platforms clearly are complimentary 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 know depends totally how you’re investing but that is a cost to bear in mind the 2nd fee that i have actually discussed is that conversion charge now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow 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 charge now when you utilize anyone so if you’re using trading 2 and two free trade anyone at all this is basic they have i suppose stuck to whatever fee they charge for that conversion rate you kind 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 actually giving you in terms of 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 need to pay their costs now the fantastic thing about however when you’ve transformed your money you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that indicates the preliminary 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 truly excellent utilizing that part of their website will not certainly limit you in any way nevertheless we have to know 2 other fees the first being what’s called spread fees all right and i’m going to reveal you what i suggest on now a spread charge as i’m going to reveal you
on is generally the distinction that becomes part of the investment platform between the buy cost and the sale price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that actually suggests that when you want to buy or offer as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing price of tesla is the value of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of profit from you each time you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to sell so they’re going to give you less back with your sale and you state all right well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to sell it which is how they make a bit of money on those spread out fees it’s generally extremely small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a little bit cash now the last accomplishment is called an
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over night charge now this is actually essential if you’re in fact utilizing cfds yourself too an overnight fee is when you’re not doing that buy sell deal in the very same day all right there’s then an over night cost charged or even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one utilize which indicates you’re really purchasing the exact property instead of utilizing utilize anyhow you will not get hit with these fees however these fees are if you’re utilizing take advantage of and cfds and after that you’re going to have these charges if you’re not buy selling in the same day so let’s state if you go into the assistance section this isn’t the over night costs info you can see precisely the breakdown and it’ll inform 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 stated to cfds there are some added fees obviously depending on what you are investing in too this is on your own so keep that in mind but complete charges are totally within their assistance information okay and we talked about along with 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 everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of actually using these copy works they don’t have any extra fees on top of the normal costs that
are there now what you require to keep in mind though is these potentially handled by other people entirely or sometimes have actually produced portfolios you’ve got a real individual doing the management you need to make certain you pick the person that’s right for you just like any type of work this is your monetary possessions 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 want to use this function we’ve got a couple of various alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest real 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 money that you’re investing you won’t require to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money perhaps this is a great alternative for you again to test the theories fine you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe have fun with it certainly you might have missed out on gains and losses throughout that time obviously if you had invested your genuine cash it permits you to develop self-confidence understand the platform so that’s one alternative for you then next week and i’m going to go back 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 remember prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i mean 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 implies am i all right with potentially losing a good quantity of this investment or gaining as
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well now remember everything is ups and downs you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose cash however that equally implies they’ll lose at some point in their journey undoubtedly individuals do make money also and i have actually got videos everything about how you can make certain you’re one of the people to really earn money but in this situation ensure you research your danger level would you be fine offering your money to another person which is successfully what you’re doing and trusting them ensure you understand what they’re buying totally if you’re someone who isn’t wishing to be that dangerous don’t choose someone who’s totally into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong products
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like gold and even oil plus more conventional 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 state you can actually utilize this too truly easily over here you can copy individuals now it will give you a lot of choices and you can use the system to really look for someone that you fancy really following so let’s see possibly we desire somebody 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 an excellent quantity and i can discover everyone who has actually met that requirements and it does offer you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of people that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to validate are you alright 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 in fact deep dive into what is she actually purchasing 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 great to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is excellent so actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the type of main food business and you have actually got you understand pharmaceutical and production business as that. Etoro To Exodus.
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