So today on Iwata well be talking about Etoro Q A….Concerns that i speak with brand-new financiers what if you’re brand new to investing you just do not wish to choose what you really wish to invest and you desire somebody to do it for you there’s just a number of manner ins which that can happen the first off you can work with a financial investment portfolio manager they’ll normally charge a rather a high premium to do that maybe one or two percent of your revenues will go to them the other thing is of course you can buy mutual funds particular 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 too now if you’re brand new to an overall please remember this platform is quite advanced you can do cfds which naturally cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning more about please do study the platform do not simply assume because i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that alternative as well so you really get utilized to the structure of the site and then when you’re ready to use 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 buying real business if you select to in this particular video we’re discussing how to copy other people’s investments with your money so obviously your capital is at risk and we have to bear that in mind do not just do something because that individual has actually said they’ve made earnings 14 months in a row invest in these options because you believe 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’s part of social trading which is one aspect that is most likely.
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famous for it’s the choice to see what other traders are doing incredible we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can actually say i want to do precisely what that trader is doing or match that exact portfolio of options and essentially each time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that means if for example 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 also cover is the charges involved really vital you understand what are the costs of this now with any platform there will be some cost to clearly these are genuine 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 zero cost websites then might not charge you for actually buying and selling funds or etfs private products private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you in fact begin purchasing copy trading or copy portfolios and lastly some finest recommendations finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s kick off with costs really important to comprehend these now on there’s a couple of costs there isn’t charges to do with actually buying and selling all right so commission fees are free nevertheless there are a number of other fees the first one is withdrawal costs so you can undoubtedly put cash in now if you remain 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 in the future but when you want to withdraw your cash 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 naturally knowing that i’m going to ensure that i’m only withdrawing when i absolutely need to now you might say 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 someplace and withdrawal costs are just among those alternatives 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 mostly it can be perhaps even once a year when every six months you understand depends completely how you’re investing but that is a fee to bear in mind the second charge that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk which’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 buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re using trading 2 and two free trade anybody this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you type of need to accept you know if you want to use their platform go from uk to us then that conversion fee is there what are they in fact offering you in regards to 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 need to pay their charges now the terrific aspect of though when you have actually transformed your money you do not need to invest it immediately that dollar value 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 certainly limit you in any way nevertheless we have to know two other charges the very first being what’s called spread costs alright and i’m going to reveal you what i imply on now a spread cost as i’m going to reveal you
on is generally the distinction that belongs to the investment platform in between the buy price and the price all right it’s their premium on doing both those two 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 in fact means that when you want 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 present price of tesla is the value of a share what’s called spread charges is the distinction then actually to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of profit from you each time you do a purchaser’s share so keep that in mind clearly it’s more expensive to purchase than it is to sell so they’re going to provide 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 want to offer it and that is how they make a bit of cash on those spread out charges it’s typically exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit cash now the last task is called an
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overnight charge now this is really important if you’re actually utilizing cfds yourself also an overnight cost is when you’re refraining from doing that buy offer transaction in the exact same day all right there’s then an overnight cost charged and even if you go from the friday to the monday prior to cruising a weekend charge 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 implies you’re really purchasing the specific possession instead of using take advantage of anyhow you won’t get hit with these charges however these costs are if you’re utilizing leverage and cfds and then you’re going to have these fees if you’re not buy offering in the exact 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 tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which just uses as i said to cfds there are some surcharges obviously depending on what you are investing in as well this is on your own so keep that in mind but full costs are totally within their aid info fine and we talked about along with 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 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 utilizing these copy operates they do not have any additional fees on top of the regular costs that
are there now what you need to remember though is these potentially handled by other people totally or often have created portfolios you have actually got a real person doing the management you have to make sure you select the person that’s right for you much like any line of work this is your financial properties so we absolutely require 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 wish to use this function we’ve got a couple of different alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual ways 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 need to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real cash possibly this is a great choice for you again to test the theories all right 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 missed out on gains and losses during that time obviously if you had invested your genuine cash it enables you to construct self-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 before you choose 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 financial investments the riskier you can be risk simply means am i all right with possibly losing a good amount of this investment or gaining as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 people will lose money but that similarly suggests they’ll lose eventually in their journey obviously people do earn money as well and i’ve got videos everything about how you can ensure you’re one of the people to in fact make money but in this scenario make sure you research your danger level would you be okay providing your money to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in totally if you’re somebody who isn’t wishing to be that dangerous do not pick somebody who’s completely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you may 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 in fact utilize this too really easily over here you can copy individuals now it will give you a lot of options and you can utilize the system to in fact search for someone that you fancy really following so let’s see maybe we want someone from joined kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a good quantity and i can find everybody who has fulfilled that requirements and it does offer you a danger aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have quite high returns
bear in mind 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 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to confirm are you all right with this and off you go now another method to really deep dive if we click on this person for example 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 quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got some of mine really that i invest in too which is excellent so in fact for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production companies as that. Etoro Q A.
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