We get this a lot on our site and the answer to How To Transfer From Gate.Io To Etoro….Concerns that i speak with new investors what if you’re brand new to investing you just don’t wish to decide what you actually want to invest and you desire someone to do it for you there’s only a couple of ways that that can happen the first of all you can hire a financial investment portfolio manager they’ll typically charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are produced once 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 remember this platform is quite advanced you can do cfds which obviously cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re learning more about please do study the platform do not simply 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 money they consider that choice too so you actually get used 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 of course your capital is at danger this is investing we’re doing you’re buying genuine business if you select to in this particular video we’re speaking about how to copy other individuals’s investments with your money so certainly your capital is at risk and we need to bear that in mind do not simply do something since that individual has actually said they’ve made revenue 14 months in a row buy these choices because you think is the right ones for you which being stated let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.
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popular for it’s the choice to see what other traders are doing incredible we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can in fact state i wish to do precisely what that trader is doing or match that specific portfolio of choices and basically every time they make a trade they buy they sell whatever they do your money will be simulated with it so that means 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 fees involved actually critical you understand what are the costs of this now with any platform there will be some cost to clearly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero fee websites then may not charge you for really buying and selling etfs or funds specific products private stocks.
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there’ll be costs on other parts perhaps 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 reveal you the costs with in particular in this video the next would be things to know before you in fact start purchasing copy trading or copy portfolios and lastly some best advice best practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s kick off with charges actually important to understand these now on there’s a number of fees there isn’t costs to do with in fact buying and selling okay so commission fees are totally free nevertheless there are a couple of other charges the very first one is withdrawal charges so you can certainly put cash in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on however 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 obviously knowing that i’m going to ensure that i’m just withdrawing when i definitely require to now you might state all right that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are just among those options that they have a lot 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 six months you understand depends completely how you’re investing however that is a charge to remember the 2nd charge that i’ve touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an option to purchase in euros or uk which’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyway 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 charge now when you use anybody so if you’re using trading 2 and 2 free trade anyone at all this is basic they have actually i suppose stuck to whatever fee they charge for that conversion rate you kind of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost is there 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 haggle with them you can’t go to the bank and say offer me us dollars instead you have to pay their costs now the fantastic thing about though when you’ve transformed your cash you do not need to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s truly good using that part of their website won’t definitely limit you in any way nevertheless we need to understand 2 other costs the first being what’s called spread fees all right and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you
on is basically the distinction that becomes part of the financial investment platform between the buy rate 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 right now tesla’s dollar worth 599 per share in tesla that actually indicates that when you want to buy or offer as you can see it’s not the price you’re seeing up here let me show you that once again so the present cost of tesla is the worth of a share what’s called spread fees is the difference then really to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind certainly it’s more pricey to purchase than it is to sell so they’re going to give you less back with your sale and you say all right well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it which is how they make a bit of cash on those spread costs it’s usually exceptionally 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 cost now this is actually essential if you’re actually utilizing cfds yourself also an over night fee is when you’re not doing that buy offer deal in the same day all right there’s then an overnight charge charged or even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which means you’re really buying the exact property instead of using take advantage of anyway you won’t get hit with these charges but these fees are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s say if you enter into the help 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 costs 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 on what you are purchasing also this is on your own so keep that in mind however complete fees are completely within their assistance info fine and we talked about in addition to free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of actually utilizing these copy functions they do not have any additional fees on top of the typical fees that
exist now what you need to bear in mind though is these possibly managed by other people entirely or in some cases have actually produced portfolios you’ve got a real person doing the management you need to make sure you select the person that’s right for you similar to any kind of work this is your financial properties so we absolutely require 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 want to utilize this function we’ve got a number of different options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your credit card information or anything you can basically have this virtual portfolio mimic as if you are using your own cash but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money possibly this is an excellent option for you again to test the theories alright you may wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe play with it obviously you might have missed out on gains and losses during that time obviously if you had actually invested your real money it allows you to develop self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually 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 certain you understand what your risk profile is now what do i mean by that clearly 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 simply indicates am i all right with possibly losing a good quantity of this investment or acquiring as
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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the fact 75 people will lose cash but that similarly implies they’ll lose eventually in their journey obviously individuals do make money also and i’ve got videos everything about how you can make certain you are among the people to actually earn money but in this scenario make certain you research your danger level would you be okay providing your cash to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re someone who isn’t wishing to be that dangerous don’t select someone who’s totally into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong commodities
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like gold or perhaps oil plus more traditional 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 use this too truly quickly over here you can copy people now it will offer you a lot of options and you can utilize the system to actually search for someone that you fancy actually following so let’s see possibly we desire somebody from unified kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a good amount and i can discover everyone who has actually satisfied that criteria and it does offer you a threat factor too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance 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 verify are you all right with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she in fact purchasing so let’s enter 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 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 great so in fact for me knowing 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 also got a bit more um of the type of primary food companies and you have actually got you know pharmaceutical and production companies as that. How To Transfer From Gate.Io To Etoro.
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