So today on Iwata well be talking about Bon Etoro….Concerns that i speak with new investors what if you’re brand new to investing you merely do not want to choose what you really want to invest and you want someone to do it for you there’s only a couple of ways that that can take place the to start with you can employ an investment portfolio supervisor they’ll usually charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is of course you can purchase mutual funds specific funds are developed 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 bear in mind this platform is rather advanced you can do cfds which naturally cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning about please do study the platform don’t just assume because i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they give that choice also so you in fact get used to the structure of the site 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 risk this is investing we’re doing you’re buying real companies if you choose to in this particular video we’re speaking about how to copy other individuals’s investments with your cash so obviously your capital is at danger and we need to bear that in mind do not just do something since that person has said they’ve 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 said 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 element that is most likely.
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popular for it’s the option to see what other traders are doing incredible we do not normally 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 money we can really say i wish to do exactly what that trader is doing or match that exact portfolio of choices and essentially every time they make a trade they buy they offer whatever they do your money will be simulated with it so that implies if for instance 10 of their financial 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 really vital you understand what are the expenses of this now with any platform there will be some expense to certainly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the no fee sites then might not charge you for in fact buying and selling funds or etfs private commodities specific stocks.
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there’ll be costs on other parts perhaps 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 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 best practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s begin with fees really crucial to comprehend these now on there’s a couple of charges there isn’t costs to do with actually buying and selling okay so commission costs are free nevertheless there are a number of other fees the first one is withdrawal charges 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 sell your shares you offer 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 say alright that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are just among those alternatives 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 largely it can be maybe even once a year as soon as every 6 months you know depends entirely how you’re investing but that is a cost to bear in mind the 2nd cost that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not an option to buy in euros or uk and that’s great that fits 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 good with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading 2 and 2 free trade anybody this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you kind of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee exists what are they really 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 say give me us dollars rather you need to pay their costs now the terrific thing about however when you’ve converted your cash you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies the preliminary 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 charges so that’s really good using that part of their site won’t certainly restrict you in any way however we need to understand 2 other fees the very first being what’s called spread charges alright and i’m going to reveal you what i suggest on now a spread charge as i’m going to show you
on is essentially the distinction that is part of the financial investment platform between the buy cost and the sale price fine 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 value 599 per share in tesla that really indicates that when you wish to buy or offer as you can see it’s not the price you’re seeing up here let me show you that once again so the current rate of tesla is the worth of a share what’s called spread fees is the distinction 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 every time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you say all right well why does that happen 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 want to offer it which is how they make a bit of money on those spread fees it’s normally extremely small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a bit cash now the last task is called an
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over night fee now this is really essential if you’re actually using cfds yourself also an overnight fee is when you’re refraining from doing that buy offer deal in the exact same day okay there’s then an overnight charge charged and even if you go from the friday to the monday before sailing a weekend charge now this just 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 really purchasing the specific asset rather than utilizing leverage anyway you will not get hit with these charges however these fees are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s say if you enter into the help section this isn’t the overnight charges info you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which only uses as i said to cfds there are some service charges of course depending upon what you are investing in as well this is on your own so keep that in mind but complete fees are totally within their aid details fine and we spoke about in addition to totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various methods of really utilizing these copy works they don’t have any extra fees on top of the normal fees that
are there now what you need to keep in mind though is these potentially handled by other individuals completely or in some cases have developed portfolios you’ve got a real person doing the management you need to ensure you choose the person that’s right for you just like any profession this is your monetary properties so we absolutely require to make certain it’s the right individual for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a number of various alternatives for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your charge card information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own cash but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine money possibly this is a fantastic alternative for you once again to check the theories all right you may want to buy tesla or apple or this etf why not use the virtual choice as a method to type of safe have fun with it undoubtedly you might have missed out on gains and losses during that time naturally if you had actually invested your genuine money it allows you to develop confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i suggest by that clearly 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 great amount of this investment or acquiring as
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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the fact 75 individuals will lose money however that similarly implies they’ll lose at some point in their journey undoubtedly people do earn money also and i have actually got videos all about how you can make sure you’re one of individuals to really make money however in this circumstance make sure you research study your danger level would you be okay providing your cash to someone else which is effectively what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re somebody who isn’t wanting to be that risky don’t pick somebody who’s completely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong products
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like gold or even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually use this too really quickly over here you can copy individuals now it will give you a lot of options and you can use the system to actually look for somebody that you elegant in fact following so let’s see perhaps we desire somebody from unified kingdom um who buys let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can find everyone who has actually met that criteria and it does give you a threat aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of people that have quite high returns
remember it’s like anything to do with the news or predictions 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 chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to validate are you okay with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she in fact 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 bit so that’s excellent to know ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got some of mine really that i buy too which is good so actually for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s also got a bit more um of the kind of primary food companies and you have actually got you understand pharmaceutical and production companies as that. Bon Etoro.
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