We get this a lot on our site and the answer to Manual Etoro….Concerns that i hear from new financiers what if you’re brand new to investing you just don’t want to decide what you in fact want to invest and you want somebody to do it for you there’s only a number of ways that that can happen the first off you can hire an investment portfolio manager they’ll normally charge a rather a high premium to do that maybe a couple of percent of your earnings 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 an overall please bear in mind this platform is quite advanced you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform do not just assume because 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 really get used to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re purchasing genuine business if you pick to in this specific video we’re talking about how to copy other people’s financial investments with your money so clearly your capital is at danger and we have to bear that in mind do not simply do something because that individual has actually said they have actually made profit 14 months in a row buy these choices due to the fact that you believe is the right ones for you and that being stated let’s dive directly in [Music] The things we’re going to cover in this video is comprehending 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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famous for it’s the alternative to see what other traders are doing unbelievable we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our cash we can really say i wish to do exactly what that trader is doing or match that specific portfolio of choices and generally whenever they make a trade they buy they offer whatever they do your money will be simulated with it so that indicates 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 also cover is the fees included truly critical you comprehend what are the costs of this now with any platform there will be some expense to clearly these are real business that are investing they’re doing the purchasing 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 in fact buying and selling etfs or funds private products specific stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type 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 before you actually begin investing in copy trading or copy portfolios and lastly some best suggestions best practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s start with fees truly essential to understand these now on there’s a couple of costs there isn’t charges to do with in fact buying and selling fine so commission fees are totally free nevertheless there are a number of other costs the first one is withdrawal costs so you can obviously put cash in now if you remain in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your money so you offer your shares you offer your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to make certain that i’m only withdrawing when i definitely need to now you may say fine 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 someplace and withdrawal charges are just among those choices that they have a lot of platforms clearly 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 know depends completely how you’re investing but that is a fee to bear in mind the second fee that i’ve touched upon is that conversion charge now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re using trading two and two open market anybody this is standard they have i expect stuck to whatever charge they charge for that conversion rate you type of need to accept you know if you want to use their platform go from uk to us then that conversion charge is there what are they in fact providing you in terms of 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 state give me us dollars rather you have to pay their costs now the great feature of though when you’ve converted your cash you do not need to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you buy 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 really good utilizing that part of their website won’t definitely limit you in any way nevertheless we need to be aware of 2 other fees the very first being what’s called spread fees fine and i’m going to show you what i imply on now a spread cost as i’m going to reveal you
on is generally the distinction that belongs to the financial investment platform between the buy cost and the price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that really 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 show you that once again so the current cost of tesla is the value of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you each time you do a buyer’s share so keep that in mind certainly it’s more pricey 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 occur 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 want to offer it and that is how they make a bit of cash on those spread costs it’s normally incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit cash now the last task is called an
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over night charge now this is truly important if you’re really using cfds yourself also an over night fee is when you’re not doing that buy offer deal in the exact same day alright there’s then an over night fee charged or even if you go from the friday to the monday before sailing a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which means you’re in fact buying the precise possession instead of using utilize anyway you won’t get hit with these costs but these fees are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you enter into the help area this isn’t the overnight charges 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 which just applies as i stated to cfds there are some added fees obviously depending upon what you are buying too this is on your own so keep that in mind however full charges are totally within their help details alright and we discussed in addition to complimentary to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of really utilizing these copy operates they don’t have any additional fees on top of the normal charges that
are there now what you need to remember though is these potentially handled by other individuals completely or sometimes have produced portfolios you have actually got a real person doing the management you need to make sure 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 ensure it’s the right person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a number of different options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option 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 won’t need to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash perhaps this is a fantastic choice for you again to check the theories fine you may want to purchase tesla or apple or this etf why not use the virtual choice as a way to sort of safe have fun with it clearly you may have lost out on gains and losses during that time naturally if you had invested your genuine money it enables you to develop self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy make sure 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 say the longer you’re leaving your investments the riskier you can be risk simply implies am i okay with possibly losing a good quantity of this financial investment or getting as
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well now remember whatever is downs and ups you will earn money you’ll lose money that’s why they make the fact 75 people will lose money however that similarly means they’ll lose at some point in their journey clearly individuals do generate income also and i have actually got videos all about how you can make certain you are among the people to really generate income but in this scenario make sure you research study your danger level would you be okay offering your cash to another person which is effectively what you’re doing and trusting them make certain you understand what they’re buying completely if you’re somebody who isn’t wanting to be that dangerous don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually use this too actually quickly over here you can copy people now it will give you a great deal of choices and you can utilize the system to in fact look for somebody that you fancy in fact following so let’s see possibly we desire somebody from united kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everyone who has actually met that criteria and it does provide you a danger element as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to verify 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 actually deep dive into what is she really 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 excellent to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine actually that i purchase too which is excellent so actually for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s also got a bit more um of the sort of main food business and you have actually got you understand pharmaceutical and production companies as that. Manual Etoro.
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