So today on Iwata well be talking about Etoro Money….Concerns that i hear from new financiers what if you’re brand new to investing you just do not wish to choose what you in fact want to invest and you desire someone to do it for you there’s only a number of manner ins which that can occur the first of all you can employ an investment portfolio supervisor they’ll normally charge a quite a high premium to do that perhaps one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds particular 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 innovative you can do cfds which of course cfds are methods of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform do not just presume since i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they consider that option too so you really get used to the structure of the website 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 danger this is investing we’re doing you’re buying real companies if you select to in this specific video we’re discussing how to copy other people’s financial investments with your money so undoubtedly your capital is at risk and we have to bear that in mind do not simply do something since that individual has actually stated they have actually made revenue 14 months in a row invest in 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 aspect that is most likely.
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popular for it’s the option to see what other traders are doing unbelievable we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can actually state i wish to do exactly what that trader is doing or match that specific portfolio of choices and essentially whenever they make a trade they buy they sell whatever they do your money will be imitated with it so that suggests if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges included really vital you comprehend 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 purchasing the selling for you there’s going to be charges included and even some of the no cost websites then may not charge you for really buying and selling etfs or funds specific 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 kinds of costs associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know before you really start investing in copy trading or copy portfolios and lastly some best recommendations finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s start with charges really essential to comprehend these now on there’s a couple of charges there isn’t fees to do with in fact buying and selling fine so commission charges are free nevertheless there are a number of other fees 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 later but when you want to withdraw your cash so you offer your shares you offer your commodities 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 naturally knowing that i’m going to make sure that i’m only withdrawing when i definitely require to now you might state alright that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are simply one of 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 largely it can be maybe even once a year as soon as every 6 months you understand depends entirely how you’re investing but that is a cost to remember the 2nd cost that i have actually discussed is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk and that’s great 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 even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading two and 2 open market anybody this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you type of need to accept you know if you wish to utilize their platform go from uk to us then that conversion cost is there what are they really giving 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 state offer me us dollars instead you have to pay their costs now the excellent thing about though when you have actually converted your cash you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that suggests the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s really excellent utilizing that part of their site won’t definitely restrict you in any way however we need to be aware of 2 other fees the very first being what’s called spread fees fine and i’m going to show you what i imply on now a spread charge as i’m going to reveal you
on is basically the difference that is part of the financial investment platform in 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 today tesla’s dollar worth 599 per share in tesla that actually implies that when you wish to sell or purchase 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 value of a share what’s called spread charges is the distinction then really to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of benefit from you every time you do a purchaser’s share so keep that in mind obviously it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you state fine well why does that occur it just 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 want to offer it which is how they make a bit of cash on those spread fees it’s usually extremely little it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a bit cash now the last accomplishment is called an
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over night cost now this is really important if you’re actually using cfds yourself as well an overnight cost is when you’re not doing that buy sell transaction in the exact same day all right there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which suggests you’re in fact buying the precise possession instead of using leverage anyway you will not get hit with these charges but these charges 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 very same day so let’s state if you enter into the aid area this isn’t the over night costs information you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night 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 also this is on your own so keep that in mind however complete costs are totally within their assistance info okay and we discussed as well as free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of in fact utilizing these copy works they don’t have any extra fees on top of the regular costs that
exist now what you require to keep in mind though is these possibly managed by other individuals completely or often have actually created portfolios you’ve got a real person doing the management you need to make certain you choose the person that’s right for you just like any kind of work this is your financial possessions so we absolutely require to make sure 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 have actually got a number of various choices 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 money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your charge card information or anything you can basically have this virtual portfolio mimic as if you are using your own cash however really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real cash maybe this is a fantastic option for you again to test the theories fine you may wish to purchase tesla or apple or this etf why not use the virtual option as a way to sort of safe play with it clearly you may have lost out on gains and losses throughout that time naturally if you had invested your genuine cash it allows you to develop self-confidence understand 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 actually how to copy people and copy portfolios now here’s something to bear in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i imply by that certainly 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 okay with potentially losing a good quantity of this investment or acquiring as
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well now remember everything is downs and ups you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose cash but that similarly indicates they’ll lose at some point in their journey clearly people do make money as well and i’ve got videos everything about how you can make sure you are among individuals to really earn money however in this circumstance make certain you research study your threat level would you be fine offering your cash to another person which is effectively what you’re doing and trusting them ensure you understand what they’re buying completely if you’re someone who isn’t wanting to be that dangerous do not choose someone who’s totally into crypto or currency conversion think of it you ‘d probably want a foundation of strong commodities
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like gold and even oil plus more standard 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 use this too truly quickly over here you can copy people now it will give you a lot of choices and you can utilize the system to in fact look for someone that you elegant in fact following so let’s see perhaps we desire someone from unified kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds a great amount and i can find everyone who has met that requirements and it does give you a risk factor as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not indicate someone 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 simple as clicking the copy button and off you go and then you know ask you to confirm are you alright 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 purchasing so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand 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 purchase too which is great so really for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s also got a bit more um of the kind of main food business and you have actually got you know pharmaceutical and production companies as that. Etoro Money.
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