So today on Iwata well be talking about Etoro App Questionnaire Answers….Questions that i speak with new financiers what if you’re brand new to investing you merely don’t want to choose what you actually want to invest and you want someone to do it for you there’s only a number of ways that that can occur the to start with you can hire a financial investment portfolio manager they’ll normally 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 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 sophisticated you can do cfds which naturally cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform do not simply presume because i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they give that alternative too so you actually get utilized to the structure of the website and after that 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 danger this is investing we’re doing you’re purchasing real business if you select to in this specific video we’re discussing how to copy other people’s investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not simply do something since that individual has stated they’ve made earnings 14 months in a row invest in these choices due to the fact that you believe is the best ones for you which being said 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’s part of social trading which is one element that is probably.
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famous for it’s the alternative to see what other traders are doing unbelievable we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our cash we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of options and basically each time they make a trade they purchase they offer whatever they do your money will be simulated with it so that suggests if for instance 10 of their investment portfolio is 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 critical you understand what are the costs of this now with any platform there will be some expense to undoubtedly 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 absolutely no charge websites then may not charge you for really buying and selling etfs or funds individual products private stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds 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 prior to you in fact begin buying copy trading or copy portfolios and lastly some best suggestions finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s kick off with fees truly essential to comprehend these now on there’s a number of costs there isn’t costs to do with in fact buying and selling all right so commission fees are free nevertheless there are a number of other charges the first one is withdrawal costs so you can certainly put cash in now if you remain in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later however 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 five dollars per withdrawal so for me of course knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might say all right that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are simply among those alternatives 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 mainly it can be perhaps even once a year when every 6 months you know depends completely 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 only there’s not an alternative to purchase in euros or uk and that’s fine that suits me.
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a great deal 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 use anybody so if you’re using trading 2 and two free trade anybody this is standard they have i suppose stuck to whatever charge they charge for that conversion rate you type of need to accept you understand if you want to utilize their platform go from uk to us then that conversion cost exists what are they actually offering you in terms of 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 fantastic thing about however when you’ve transformed your cash you do not need to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s really good utilizing that part of their website will not certainly limit you in any way however we need to understand 2 other charges the very first being what’s called spread costs all right and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you
on is essentially the difference that belongs to the investment platform between the buy rate and the list price alright 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 implies that when you wish 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 existing price of tesla is the worth of a share what’s called spread fees is the difference then really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind obviously it’s more expensive to purchase than it is to offer 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 great deal of platforms out there there’s a difference between if you’re buying it then you wish to sell it and that is how they make a little bit of cash on those spread out costs it’s generally exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a little bit cash now the last feat is called an
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overnight fee now this is actually important if you’re actually using cfds yourself as well an over night fee is when you’re refraining from doing that buy sell transaction in the very same day fine there’s then an overnight cost charged or even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one leverage which means you’re actually purchasing the exact property rather than utilizing take advantage of anyway you won’t get hit with these fees but these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s state if you enter into the assistance section this isn’t the over night fees information you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only applies as i stated to cfds there are some service charges of course depending upon what you are purchasing as well this is on your own so keep that in mind but full charges are entirely within their aid info alright and we spoke about as well as free 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 everything there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two various methods of actually utilizing these copy works they do not have any additional fees on top of the regular costs that
exist now what you require to bear in mind though is these potentially managed by other individuals totally or sometimes have actually developed portfolios you have actually got a genuine individual doing the management you need to make certain you pick the individual that’s right for you much like any kind of work this is your financial possessions so we absolutely require to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of different 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 alternative to invest genuine 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 require to put in your credit card information or anything you can basically have this virtual portfolio simulate as if you are utilizing your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash maybe this is a terrific alternative for you again to test the theories all right you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe play with it obviously you might have lost out on gains and losses throughout that time naturally if you had actually invested your real money it enables you to develop 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 really how to copy individuals and copy portfolios now here’s something to remember before you select someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i imply by that obviously 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 just implies am i fine with potentially losing a great amount 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 money that’s why they make the fact 75 people will lose cash however that equally means they’ll lose at some point in their journey obviously individuals do earn money also and i have actually got videos all about how you can make certain you’re one of individuals to in fact earn money but in this situation make certain you research study your threat level would you be alright giving your money to another person which is effectively what you’re doing and trusting them make certain you comprehend what they’re investing in fully if you’re somebody who isn’t wishing to be that risky do not pick someone who’s entirely into crypto or currency conversion consider it you ‘d probably desire a backbone of strong products
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like gold or even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact utilize this too really easily over here you can copy individuals now it will provide you a lot of choices and you can use the system to actually look for somebody that you elegant actually following so let’s see maybe we desire somebody from united kingdom um who buys let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can find everyone who has actually satisfied that criteria and it does give you a risk factor too so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they might make 4 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 after that you understand ask you to verify are you okay with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she actually buying 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 excellent to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got some of mine in fact that i invest in too which is excellent so actually for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a little bit more um of the type of primary food business and you have actually got you know pharmaceutical and production companies as that. Etoro App Questionnaire Answers.
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