We get this a lot on our site and the answer to Phyton Etoro….Questions that i hear from new financiers what if you’re brand new to investing you simply do not wish to choose what you in fact wish to invest and you want someone to do it for you there’s just a couple of ways that that can occur the first of all you can hire a financial investment portfolio manager they’ll normally charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds particular 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 advanced you can do cfds which obviously cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform don’t just assume due to the fact that i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that choice too so you really 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 obviously your capital is at danger this is investing we’re doing you’re buying genuine companies if you choose to in this particular video we’re speaking about how to copy other people’s investments with your money so certainly your capital is at danger and we need to bear that in mind do not just do something since that individual has stated they have actually made profit 14 months in a row purchase these choices since you think is the ideal ones for you and that being stated let’s dive directly 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 probably.
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well-known for it’s the alternative to see what other traders are doing incredible we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can really say i want to do precisely what that trader is doing or match that precise portfolio of alternatives and basically whenever they make a trade they buy they sell whatever they do your cash will be mimicked with it so that suggests if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs included actually vital you understand what are the costs of this now with any platform there will be some cost to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no charge websites then may not charge you for in fact buying and selling funds or etfs private products private 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 sort of costs associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know prior to you actually start 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 charges actually essential to understand these now on there’s a number of costs there isn’t costs to do with in fact buying and selling okay so commission fees are free nevertheless there are a number of other costs the very first one is withdrawal fees so you can undoubtedly put cash in now if you’re 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 in the future but when you want to withdraw your cash so you sell your shares you sell your products whatever you’re selling the minimum amount 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 only withdrawing when i absolutely need to now you may state all right that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are just among those choices that they have a great deal of platforms undoubtedly are 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 as soon as every six months you understand depends entirely how you’re investing however that is a charge to remember the second fee that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading 2 and two open market anybody this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you kind of have to accept you understand if you want to use their platform go from uk to us then that conversion cost is there 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 offer me us dollars rather you need to pay their charges now the terrific thing about however when you’ve transformed your cash you do not need to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the preliminary 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 actually good utilizing that part of their site won’t certainly limit you in any way however we need to understand 2 other costs the first being what’s called spread fees alright and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is basically the difference that belongs to the 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 right now tesla’s dollar worth 599 per share in tesla that really implies that when you want 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 cost of tesla is the value of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll find this all over this is another manner in which they make a percentage of profit from you every time you do a purchaser’s share so keep that in mind clearly it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you say alright well why does that occur it simply 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 offer it and that is how they make a little bit of money on those spread costs it’s typically incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit cash now the last feat is called an
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overnight charge now this is truly important if you’re actually utilizing cfds yourself as well an over night fee is when you’re not doing that buy sell transaction in the same day fine there’s then an overnight cost charged or perhaps if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which means you’re in fact buying the specific asset instead of utilizing leverage anyhow you will not get hit with these fees but these charges 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 same day so let’s state if you enter into the aid section this isn’t the over night fees 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 only applies as i said to cfds there are some service charges of course depending on what you are buying too this is on your own so keep that in mind however complete costs are entirely within their help info okay and we discussed as well as totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of actually using these copy works they do not have any additional fees on top of the regular costs that
are there now what you need to bear in mind though is these potentially managed by other people completely or in some cases have developed portfolios you’ve got a real person doing the management you need to make sure you select the individual that’s right for you similar to any line of work this is your financial properties so we absolutely need to make sure it’s the right person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of different options for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your credit card details or anything you can generally have this virtual portfolio imitate as if you are using your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money maybe this is a fantastic choice for you once again to test the theories all right you may want to purchase tesla or apple or this etf why not use the virtual choice as a method to kind of safe play with it certainly you might have missed out on gains and losses throughout that time obviously if you had actually 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 go back to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to remember before you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i suggest by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of simply implies am i alright with possibly losing a good amount of this financial investment or getting as
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well now remember whatever is ups and downs you will generate income you’ll lose cash that’s why they make the fact 75 individuals will lose money but that equally suggests they’ll lose at some time in their journey certainly individuals do make money too and i’ve got videos everything about how you can ensure you’re one of the people to in fact generate income however in this scenario make certain you research study your danger level would you be alright providing your money to someone else which is successfully what you’re doing and trusting them make certain you comprehend what they’re purchasing totally if you’re someone who isn’t wanting to be that dangerous don’t choose someone who’s totally into crypto or currency conversion consider it you ‘d probably want a backbone of strong products
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like gold or even oil plus more conventional 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 really utilize this too actually easily over here you can copy people now it will give you a great deal of choices and you can use the system to really look for somebody that you fancy actually following so let’s see perhaps we desire somebody from joined kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has met that criteria and it does give you a danger aspect also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of individuals 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 could make four or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to validate are you all right with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she actually buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is excellent so in fact for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the kind of primary food companies and you have actually got you know pharmaceutical and production companies as that. Phyton Etoro.
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