So today on Iwata well be talking about Etoro —Ç—Ç–Æ….Concerns that i hear from new financiers what if you’re brand new to investing you merely don’t want to decide what you really wish to invest and you desire someone to do it for you there’s just a couple of manner ins which that can take place the firstly you can hire a financial investment portfolio manager they’ll generally charge a rather a high premium to do that possibly one or two percent of your revenues will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 keep in mind this platform is rather innovative you can do cfds which naturally cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re finding out about please do study the platform do not 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 also so you in fact get used to the structure of the website and after that when you’re ready to utilize 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 buying real business if you pick to in this specific video we’re discussing how to copy other people’s investments with your cash so undoubtedly 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 earnings 14 months in a row invest in these choices because you think is the right ones for you and that being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one element that is most likely.
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popular for it’s the alternative to see what other traders are doing unbelievable we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can really state i want to do exactly what that trader is doing or match that exact portfolio of choices and basically whenever they make a trade they purchase they sell whatever they do your cash will be imitated with it so that indicates if for example 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 likewise cover is the costs included really important you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly 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 no fee sites then might not charge you for in fact buying and selling funds or etfs private commodities private 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 type of fees associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know before you actually begin purchasing copy trading or copy portfolios and lastly some finest suggestions finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s kick off with costs truly crucial to comprehend these now on there’s a number of costs there isn’t costs to do with actually buying and selling okay so commission fees are free however there are a number of other fees the first one is withdrawal costs so you can certainly put money in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your money so you offer your shares you sell your commodities 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 obviously knowing that i’m going to make certain that i’m only withdrawing when i definitely need to now you might state okay 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 somewhere and withdrawal charges are just among those options that they have a lot of platforms certainly are complimentary 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 six months you understand depends totally how you’re investing but that is a cost to keep in mind the second fee that i’ve discussed 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 lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading two and 2 free trade anybody this is standard they have actually i expect stuck with whatever cost they charge for that conversion rate you type of have to accept you understand if you want to utilize their platform go from uk to us then that conversion fee is there what are they really providing 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 instead you need to pay their charges now the great aspect of though when you’ve converted your money you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that means the preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s truly good utilizing that part of their website will not definitely limit you in any way however we need to know two other fees the first being what’s called spread charges alright and i’m going to reveal you what i mean on now a spread fee as i’m going to show you
on is basically the distinction that is part of the investment platform in between the buy price and the sale price okay 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 offer or buy as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present cost of tesla is the worth of a share what’s called spread fees is the distinction then in fact to buy that share on the platform and you’ll find this all over this is another way that they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to sell so they’re going to give you less back with your sale and you state fine well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference in 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 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 firm will again make a bit money now the last task is called an
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over night cost now this is really crucial if you’re in fact using cfds yourself too an over night charge is when you’re not doing that buy sell deal in the very same day all right there’s then an over night fee charged or perhaps 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 commodity and utilizing time one utilize which indicates you’re in fact buying the exact asset rather than using take advantage of anyhow you will not get hit with these fees but these fees are if you’re using leverage 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 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 over night or you’re doing over weekends and that only applies as i said to cfds there are some surcharges naturally depending upon what you are buying too this is on your own so keep that in mind but full charges are completely within their aid info fine and we talked about in addition to complimentary to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of really utilizing these copy works they do not have any additional fees on top of the typical charges that
exist now what you need to remember though is these possibly handled by other individuals completely or often have developed portfolios you have actually got a genuine individual doing the management you have to make sure you pick the person that’s right for you just like any line of work this is your monetary assets so we definitely require to make sure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a number 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 choice to invest real 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 cash that you’re investing you won’t require to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are using your own money however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine cash possibly this is a great alternative for you once again to check the theories okay you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe play with it certainly you may have lost out on gains and losses throughout that time obviously if you had invested your genuine cash it permits you to construct 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 in fact how to copy people and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand 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 just means am i alright with possibly losing a good amount of this investment or acquiring as
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well now remember everything is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose cash however that equally means they’ll lose eventually in their journey clearly individuals do generate income also and i’ve got videos all about how you can make certain you’re one of the people to in fact make money however in this scenario make sure you research study your risk level would you be alright offering your cash to another person which is efficiently what you’re doing and trusting them ensure you comprehend what they’re purchasing totally if you’re someone who isn’t wanting to be that dangerous do not choose someone who’s completely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact use this too actually easily over here you can copy individuals now it will give you a lot of choices and you can utilize the system to really look for someone that you expensive actually following so let’s see possibly we want somebody from united kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has met that criteria and it does provide you a threat element also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of people that have quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to confirm are you okay with this and off you go now another way to really deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she actually 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 little bit so that’s good to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is good so actually for me knowing what i like to buy my specific 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 kind of main food business and you have actually got you know pharmaceutical and production companies as that. Etoro —Ç—Ç–Æ.
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