We get this a lot on our site and the answer to Sky Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you simply don’t want to choose what you really wish to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can occur the firstly you can hire an investment portfolio supervisor they’ll generally 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 of course you can buy mutual funds specific funds are created 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 as well now if you’re brand new to a total please remember this platform is rather innovative you can do cfds which of course cfds are methods 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 presume due to the fact that i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they give that option as well so you actually get used to the structure of the website and after that 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 purchasing genuine companies if you choose to in this specific video we’re talking about how to copy other individuals’s investments with your cash so obviously your capital is at threat and we have 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 due to the fact that you think is the ideal ones for you which being stated 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 belongs to social trading which is one aspect that is probably.
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well-known for it’s the alternative to see what other traders are doing amazing we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can really state i wish to do precisely what that trader is doing or match that exact portfolio of choices and generally each time they make a trade they buy they sell whatever they do your cash will be simulated with it so that implies if for example 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 included truly important you understand what are the expenses of this now with any platform there will be some expense to clearly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero fee websites then may not charge you for really buying and selling etfs or funds specific commodities 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 type of fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand prior to you in fact begin purchasing copy trading or copy portfolios and lastly some best guidance finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s start with charges truly essential to comprehend these now on there’s a couple of costs there isn’t fees to do with really buying and selling alright so commission costs are totally free however there are a number of other fees the very first one is withdrawal costs 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 automatically 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 sell 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 naturally understanding that i’m going to make sure that i’m only withdrawing when i definitely require to now you might 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 fees someplace and withdrawal costs are simply among those alternatives that they have a great deal of platforms certainly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly 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 remember the 2nd fee that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’s fine that matches me.
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a great deal 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 utilize anybody so if you’re using trading 2 and two free trade anybody this is basic they have i expect stuck to whatever charge they charge for that conversion rate you type of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge is there what are they actually offering you in regards to 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 offer me us dollars rather you need to pay their costs now the terrific aspect of however when you’ve converted your money you do not have to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that means 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 additional fees so that’s truly excellent using that part of their website won’t certainly restrict you in any way however we have to be aware of 2 other fees the very first being what’s called spread fees fine and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is essentially the difference that is part of the investment platform between the buy rate and the list price all right 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 really means that when you want to purchase or sell as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing price of tesla is the value of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of profit from you every 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 provide you less back with your sale and you say alright well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a bit of money on those spread out costs it’s normally exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit cash now the last accomplishment is called an
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overnight cost now this is actually essential if you’re in fact utilizing cfds yourself as well an over night fee is when you’re not doing that buy offer deal in the same day all right there’s then an over night cost charged and even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one take advantage of which implies you’re actually buying the exact possession rather than utilizing leverage anyhow you will not get hit with these charges but these costs are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s state if you go into the aid section this isn’t the over night charges details you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only applies as i said to cfds there are some additional charges obviously depending on what you are buying also this is on your own so keep that in mind however full costs are totally within their assistance information all right and we discussed along with complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different ways of really using these copy works they do not have any additional charges on top of the regular charges that
exist now what you need to keep in mind though is these possibly handled by other individuals completely or often have actually produced portfolios you’ve got a real individual doing the management you have to make certain you select the individual that’s right for you similar to any kind of work this is your financial assets so we absolutely need to ensure 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 couple of different options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play 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 basically have this virtual portfolio mimic as if you are utilizing your own money but really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is an excellent option for you once again to check the theories all right you may want to purchase tesla or apple or this etf why not use the virtual alternative as a way to sort of safe play with it obviously you might have missed out on gains and losses throughout that time of course if you had invested your real money it permits you to develop confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to keep 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 indicate by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply means am i alright with possibly losing an excellent amount of this investment or acquiring as
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well now remember everything is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose money however that equally indicates they’ll lose at some point in their journey obviously people do generate income also and i’ve got videos everything about how you can ensure you’re one of individuals to actually make money but in this scenario make certain you research study your danger level would you be fine giving your money to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re investing in completely if you’re someone who isn’t wanting to be that risky don’t choose somebody who’s totally into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products
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like gold and 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 really use this too actually easily over here you can copy individuals 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 possibly we desire somebody from joined kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a great amount and i can find everyone who has met that criteria and it does provide you a danger element also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of people that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to guarantee 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 validate are you okay 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 actually deep dive into what is she really investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is great so in fact for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the type of primary food business and you have actually got you understand pharmaceutical and production companies as that. Sky Etoro.
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