We get this a lot on our site and the answer to Hyundai Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you simply do not want to decide what you actually want 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 employ a financial investment portfolio supervisor they’ll usually 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 naturally you can buy 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 as well now if you’re brand new to a total please keep in mind this platform is quite sophisticated 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 discovering please do study the platform don’t simply presume because i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they consider that choice too so you actually get utilized to the structure of the site and after that when you’re ready to utilize 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 purchasing real business if you select to in this particular video we’re speaking about how to copy other individuals’s investments with your cash so clearly your capital is at risk and we have to bear that in mind do not just do something because that person has stated they’ve made profit 14 months in a row invest in these options because you think is the best ones for you which 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 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 incredible 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 suggests with our cash we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of options and generally each time they make a trade they buy they sell 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 likewise cover is the charges included actually important you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are genuine 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 no charge websites then might not charge you for in fact buying and selling etfs or funds specific commodities private stocks.
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there’ll be costs on other parts maybe 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 fees with in particular in this video the next would be things to know prior to you in fact start investing in copy trading or copy portfolios and finally some finest guidance best practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s kick off with costs truly important to comprehend these now on there’s a number of costs there isn’t charges to do with really buying and selling alright so commission charges are complimentary however there are a number of other charges the very first one is withdrawal costs so you can undoubtedly 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 in the future however when you wish to withdraw your cash so you offer 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 obviously understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you may state okay that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are just one of those options that they have a great deal of platforms certainly are totally free to do such things has this 5 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 totally how you’re investing but that is a cost to keep in mind the 2nd cost that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an option 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 purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading two and 2 open market anyone at all this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you sort of need to accept you know if you wish to use their platform go from uk to us then that conversion fee exists what are they really 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 state offer me us dollars instead you have to pay their fees now the terrific feature of however when you have actually converted your money you do not need to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests 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 fees so that’s truly excellent using that part of their site will not certainly restrict you in any way however we have to be aware of two other charges the very first being what’s called spread costs okay and i’m going to reveal you what i mean on now a spread charge as i’m going to show you
on is basically the distinction that becomes part of the financial investment platform in 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 today tesla’s dollar value 599 per share in tesla that in fact implies 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 again so the existing cost of tesla is the value of a share what’s called spread fees is the difference then in fact 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 whenever you do a buyer’s share so keep that in mind clearly 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 say okay well why does that occur it just 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 and that is how they make a bit of money on those spread costs it’s typically exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a little bit cash now the last task is called an
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overnight fee now this is truly crucial if you’re actually utilizing cfds yourself too an overnight charge is when you’re not doing that buy sell deal in the exact same day all right there’s then an overnight charge charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one utilize which implies you’re in fact purchasing the specific property instead of using utilize anyway you won’t get hit with these charges however these costs are if you’re utilizing leverage 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 state if you go into the aid area this isn’t the over night costs details you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that only applies as i stated to cfds there are some service charges obviously depending on what you are investing in too this is on your own so keep that in mind but full fees are totally within their aid details alright and we discussed along with free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of really utilizing these copy works they do not have any additional charges on top of the normal fees that
are there now what you need to bear in mind though is these potentially handled by other people completely or sometimes have actually developed portfolios you’ve got a real person doing the management you need to make certain you pick the individual that’s right for you much like any type of work this is your monetary properties so we absolutely need 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 use this function we’ve got a number of different options for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money 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 will not need to put in your charge card information or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own money however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine cash maybe this is a terrific choice for you again to check the theories alright you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to type of safe have fun with it certainly you may have lost out on gains and losses throughout that time naturally if you had actually invested your genuine cash it permits you to construct self-confidence understand the platform so that’s one alternative 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 people and copy portfolios now here’s something to remember 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 indicate by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply suggests am i alright with possibly losing a good amount of this investment or gaining as
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well now remember whatever is ups and downs you will earn money you’ll lose cash that’s why they make the statistic 75 individuals will lose cash but that equally means they’ll lose at some point in their journey certainly people do make money too and i’ve got videos all about how you can ensure you’re one of the people to really make money but in this circumstance make certain you research study your risk level would you be okay providing your cash to someone else which is effectively what you’re doing and trusting them ensure you comprehend what they’re purchasing completely if you’re someone who isn’t wishing to be that dangerous don’t choose 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 may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact use this too really easily over here you can copy people now it will offer you a great deal of options and you can utilize the system to in fact search for someone that you fancy really following so let’s see perhaps we want somebody from joined 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 quantity and i can discover everybody who has satisfied that requirements and it does give you a danger factor as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
remember it’s like anything to do with the news or forecasts of the future this does not imply someone 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 easy as clicking the copy button and off you go and then you understand ask you to validate are you alright with this and off you go now another method to really 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 really investing in so let’s enter 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 industry she’s got some of mine in fact that i invest in too which is great so really for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production companies as that. Hyundai Etoro.
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