So today on Iwata well be talking about Point Pivot Etoro….Concerns that i hear from new financiers what if you’re brand new to investing you just do not want to choose what you really wish to invest and you desire somebody to do it for you there’s only a couple of manner ins which that can take place the firstly you can work with a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is naturally you can purchase mutual funds particular funds are produced 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 remember this platform is rather sophisticated you can do cfds which of course cfds are ways of investing
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with not in fact 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 consider that alternative too so you really get used to the structure of the website and then when you’re ready to utilize 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 genuine companies if you select to in this specific video we’re speaking about how to copy other people’s financial investments with your money so clearly your capital is at threat and we have to bear that in mind do not simply do something since that individual has stated they have actually made profit 14 months in a row purchase these options due to the fact that you think is the right ones for you and that being stated let’s dive directly 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’s part of social trading which is one element that is most likely.
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famous for it’s the option to see what other traders are doing extraordinary we do not typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of alternatives and generally whenever they make a trade they purchase they sell whatever they do your cash will be simulated with it so that implies if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges involved truly important you comprehend what are the expenses of this now with any platform there will be some cost to certainly 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 fee websites then may not charge you for in fact buying and selling etfs or funds specific commodities specific stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges 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 understand prior to you actually begin purchasing copy trading or copy portfolios and finally some best suggestions best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with costs really essential to comprehend these now on there’s a number of fees there isn’t costs to do with in fact buying and selling all right so commission charges are complimentary however there are a number of other fees the first one is withdrawal charges so you can obviously put money in now if you remain 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 in the future but when you want to withdraw your cash so you offer your shares you sell 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 obviously understanding that i’m going to make certain that i’m only withdrawing when i definitely require to now you might state okay that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are just among those alternatives that they have a great deal of platforms certainly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every 6 months you understand depends completely how you’re investing but that is a charge to remember the 2nd fee that i’ve 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 fine that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading two and 2 free trade anyone at all this is basic they have actually i expect stuck with whatever cost they charge for that conversion rate you kind of need to accept you understand if you want to use their platform go from uk to us then that conversion charge exists what are they in fact 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 state offer me us dollars instead you have to pay their costs now the great aspect of however when you have actually converted your money you do not have to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s truly excellent utilizing that part of their site will not definitely restrict you in any way however we have to know 2 other charges the first being what’s called spread charges 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 distinction that belongs to the financial investment platform between the buy price and the 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 right now tesla’s dollar worth 599 per share in tesla that in fact implies that when you wish to sell or buy as you can see it’s not the rate you’re seeing up here let me show you that again so the existing cost of tesla is the worth of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll discover this all over this is another way that they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind obviously it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you state okay well why does that happen it simply 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 and that is how they make a bit of money on those spread out charges it’s typically extremely little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a little bit money now the last feat is called an
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over night cost now this is really essential if you’re in fact using cfds yourself too an over night cost is when you’re not doing that buy offer deal in the very same day fine there’s then an overnight cost charged and even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which implies you’re in fact buying the precise property rather than using utilize anyhow you will not get hit with these costs however these charges are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you enter into the aid area this isn’t the over night costs 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 just uses as i said to cfds there are some added fees obviously depending on what you are buying also this is on your own so keep that in mind however full fees are entirely within their help info alright and we talked about as well as totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of actually utilizing these copy functions they don’t have any additional fees on top of the normal fees that
exist now what you require to keep in mind though is these possibly managed by other individuals completely or in some cases have created portfolios you have actually got a real person doing the management you have to make certain you select the person that’s right for you just like any line of work this is your monetary properties so we definitely need to ensure it’s the ideal individual for us before 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 different choices 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 money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own money but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash perhaps this is a terrific choice for you once again to evaluate the theories okay you might want to buy tesla or apple or this etf why not use the virtual choice as a way to kind of safe play with it undoubtedly you might have missed out on gains and losses throughout that time naturally if you had actually invested your real money it enables you to construct 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 individuals and copy portfolios now here’s something to remember before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i suggest by that certainly 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 suggests am i okay with potentially losing a great quantity of this investment or gaining as
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well now remember whatever is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose cash but that similarly suggests they’ll lose eventually in their journey obviously people do earn money also and i’ve got videos all about how you can make certain you are among the people to really make money but in this situation make certain you research study your danger level would you be fine offering your money to another person which is successfully what you’re doing and trusting them make certain you comprehend what they’re purchasing totally if you’re somebody who isn’t wishing to be that dangerous don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong commodities
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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 state you can really use this too truly quickly over here you can copy individuals now it will offer you a great deal of choices and you can use the system to really look for someone that you expensive really following so let’s see possibly we desire someone from joined kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has actually met that requirements and it does offer you a danger element also 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 people that have rather high returns
remember it’s like anything to do with the news or forecasts 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 way to ensure 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 verify are you alright with this and off you go now another way to actually 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 purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little 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 a few of mine in fact that i purchase too which is great so really for me knowing what i like to invest in 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 chooses she’s also got a little bit more um of the kind of primary food companies and you have actually got you know pharmaceutical and production business as that. Point Pivot Etoro.
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