We get this a lot on our site and the answer to Ftse Etoro….Concerns that i speak with brand-new financiers what if you’re brand new to investing you merely do not wish to choose what you actually wish to invest and you want someone to do it for you there’s just a number of manner ins which that can happen the first off you can work with an investment portfolio manager they’ll normally charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is obviously you can purchase 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 also now if you’re brand new to a total please keep in mind this platform is quite sophisticated you can do cfds which of course 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 about please do study the platform do not just assume due to the fact that i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they consider that choice also so you in fact get used 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 danger this is investing we’re doing you’re buying genuine business if you pick to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at threat and we need to bear that in mind do not simply do something since that individual has said they’ve made earnings 14 months in a row purchase these choices because you believe is the best ones for you which being said let’s dive straight 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 becomes part of social trading which is one element that is most likely.
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popular for it’s the choice to see what other traders are doing extraordinary we don’t typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can really say i want to do exactly what that trader is doing or match that specific portfolio of choices and basically whenever they make a trade they purchase they sell whatever they do your money will be imitated with it so that implies if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs included actually crucial you comprehend what are the costs of this now with any platform there will be some expense to obviously 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 a few of the no charge websites 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 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 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 understand prior to you actually begin investing in copy trading or copy portfolios and finally some best recommendations finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s kick off with fees truly essential to understand these now on there’s a number of costs there isn’t charges to do with actually buying and selling alright so commission costs are free nevertheless there are a couple of other costs the very first one is withdrawal fees so you can clearly put money in now if you’re 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 on however when you wish to withdraw your money so you sell your shares you sell your commodities 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 naturally understanding that i’m going to ensure that i’m just withdrawing when i absolutely need to now you may say okay that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are simply among those alternatives that they have a lot 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 perhaps even once a year once every six months you know depends entirely how you’re investing however that is a fee to remember the 2nd fee that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an option to purchase in euros or uk which’s great that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading 2 and two open market anyone at all this is basic they have i expect stuck to whatever charge they charge for that conversion rate you type of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge 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 offer me us dollars rather you need to pay their charges now the great feature of though when you’ve converted your cash you do not need to invest it right now that dollar value can being 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 takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s truly great using that part of their website will not certainly restrict you in any way however we need to understand 2 other costs the very first being what’s called spread costs all right and i’m going to show you what i mean on now a spread cost as i’m going to show you
on is basically the difference that belongs to the financial investment platform in between the buy price and the sale price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that really implies that when you wish to buy or sell as you can see it’s not the price you’re seeing up here let me reveal you that again so the present rate of tesla is the worth of a share what’s called spread fees is the distinction then in fact to buy that share on the platform and you’ll find this everywhere 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 certainly it’s more pricey to buy than it is to sell so they’re going to offer you less back with your sale and you state alright 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 wish to sell it which is how they make a bit of cash on those spread charges it’s typically incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit money now the last accomplishment is called an
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overnight charge now this is really crucial if you’re in fact utilizing cfds yourself as well an over night fee is when you’re not doing that buy sell transaction in the exact same day okay there’s then an over night fee 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 actually buying out the etf the stock the product and utilizing time one utilize which implies you’re actually purchasing the precise property rather than utilizing take advantage of anyhow you won’t get hit with these charges however these charges are if you’re utilizing utilize and cfds and after that you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you enter into the assistance section this isn’t the overnight costs information you can see exactly the breakdown and it’ll tell 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 applies as i stated to cfds there are some surcharges obviously depending upon what you are purchasing also this is on your own so keep that in mind but complete costs are entirely within their help details okay and we discussed 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 product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two different ways of in fact utilizing these copy operates they do not have any extra costs on top of the normal costs that
exist now what you need to remember though is these possibly managed by other individuals totally or often have produced portfolios you have actually got a genuine individual doing the management you need to make sure you choose the individual that’s right for you much like any type of work this is your financial assets so we definitely need to ensure it’s the ideal 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 couple 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 choice to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play 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 mimic as if you are utilizing your own cash however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine cash perhaps this is a great alternative for you again to evaluate the theories all right you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe play with it obviously you might have lost out on gains and losses during that time naturally if you had invested your real cash it enables you to develop 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 actually how to copy individuals and copy portfolios now here’s something to keep in mind before you choose somebody 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 indicate 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 run the risk of just implies am i all right with possibly losing an excellent amount of this investment or acquiring as
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well now keep in mind everything is ups and downs you will make 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 time in their journey clearly people do earn money also and i’ve got videos all about how you can ensure you are among individuals to actually earn money however in this scenario make certain you research your threat level would you be okay offering your money to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re purchasing totally if you’re someone who isn’t wishing to be that risky don’t choose somebody who’s totally into crypto or currency conversion consider it you ‘d probably desire 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 same with who you’re following now as i say you can in fact use this too really quickly over here you can copy individuals now it will offer you a lot of choices and you can use the system to actually search for someone that you expensive in fact following so let’s see perhaps we want somebody from united kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds a good quantity and i can discover everybody who has actually met that requirements and it does provide you a risk aspect too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have quite high returns
keep in mind it resembles anything to do with the news or predictions 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 ensure 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 really deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she actually buying 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 definitely like sort of into those blue box and the tech market she’s got some of mine actually that i buy too which is excellent so really for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s likewise got a bit more um of the sort of primary food business and you have actually got you know pharmaceutical and production business as that. Ftse Etoro.
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