We get this a lot on our site and the answer to Kela Leo Etoro….Concerns that i hear from brand-new investors what if you’re brand new to investing you merely do not want to decide what you actually want to invest and you want someone to do it for you there’s just a couple of manner ins which that can happen the to start with you can employ 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 buy mutual funds specific funds are produced 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 keep in mind this platform is rather innovative you can do cfds which naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform don’t simply assume because i use 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 alternative also so you actually get utilized to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing genuine business if you pick to in this particular video we’re talking about how to copy other individuals’s investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not simply do something because that person has said they’ve made revenue 14 months in a row purchase these choices because you believe is the best ones for you and that being stated 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 aspect that is most likely.
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famous for it’s the option to see what other traders are doing unbelievable we don’t 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 cash we can actually say i want to do exactly what that trader is doing or match that precise portfolio of choices and generally every time they make a trade they purchase they offer whatever they do your cash will be imitated with it so that indicates if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs included really vital you understand what are the costs of this now with any platform there will be some cost to certainly these are real companies 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 charge sites then may not charge you for actually buying and selling funds or etfs private commodities individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 before you actually start buying copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s begin with costs truly crucial to comprehend these now on there’s a number of costs there isn’t fees to do with actually buying and selling okay so commission fees are complimentary however there are a number of other costs the first one is withdrawal fees so you can clearly put cash in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your cash so you sell your shares you sell your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely require to now you might say okay that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are just among those options that they have a lot of platforms clearly are free 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 understand depends entirely how you’re investing however that is a fee to bear in mind the second cost that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not a choice to purchase 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 and even some crypto so i’m good 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 2 free trade anyone at all this is standard they have i suppose stuck to whatever fee they charge for that conversion rate you type of have to accept you know if you want to utilize their platform go from uk to us then that conversion cost exists 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 costs now the fantastic feature of though when you’ve transformed your cash you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that implies 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 fees so that’s really good using that part of their website won’t definitely restrict you in any way however we need to know two other costs the very first being what’s called spread fees okay and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is essentially the distinction that is part of the investment platform in between the buy rate and the price fine 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 in fact means that when you want to buy or offer as you can see it’s not the rate 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 costs is the distinction then really to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of make money from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you say fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to offer it which is how they make a little bit of cash on those spread charges it’s generally exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a little bit cash now the last accomplishment is called an
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overnight charge now this is really essential if you’re really using cfds yourself also an overnight charge is when you’re refraining from doing that buy sell transaction in the exact same day all right 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 actually buying out the etf the stock the commodity and using time one leverage which suggests you’re actually buying the precise property rather than utilizing take advantage of anyhow you won’t get hit with these charges however these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s say if you go into the aid area this isn’t the overnight charges details 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 which just applies as i said to cfds there are some additional charges naturally depending upon what you are purchasing also this is on your own so keep that in mind but complete costs are entirely within their aid details okay and we spoke about in addition to free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of really using these copy functions they don’t have any additional fees on top of the typical fees that
are there now what you require to bear in mind though is these potentially handled by other people entirely or often have actually created portfolios you have actually got a genuine individual doing the management you have to make certain you pick the person that’s right for you just like any type of work this is your monetary assets so we definitely need to make certain it’s the right individual for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of various choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative 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 money that you’re investing you won’t need to put in your credit card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash but really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money perhaps this is a fantastic option for you again to evaluate the theories alright you might want to purchase tesla or apple or this etf why not use the virtual option as a method to type of safe play with it certainly you might have lost out on gains and losses throughout that time of course if you had invested your genuine cash it permits you to build confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to keep in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i indicate by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk just indicates am i alright with potentially losing a good quantity of this financial investment or getting as
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well now keep in mind whatever is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose cash but that similarly suggests they’ll lose at some point in their journey certainly individuals do generate income as well and i’ve got videos all about how you can ensure you’re one of individuals to really generate income however in this scenario make certain you research study your risk level would you be all right offering your money to someone else which is effectively what you’re doing and trusting them ensure you comprehend what they’re buying totally if you’re someone who isn’t wishing to be that risky do not pick someone who’s totally into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products
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like gold and even oil plus more standard 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 in fact utilize this too actually quickly over here you can copy people now it will provide you a lot of choices and you can use the system to actually search for somebody that you elegant actually following so let’s see possibly we want somebody from unified kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a great amount and i can find everybody who has actually fulfilled that requirements and it does provide you a risk factor 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
remember it’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to verify are you alright with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she in fact 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 type of into those blue box and the tech market she’s got some of mine in fact that i buy too which is good so really for me knowing what i like to purchase my private 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 bit more um of the type of main food business and you’ve got you understand pharmaceutical and production business as that. Kela Leo Etoro.
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