So today on Iwata well be talking about Sony Etoro….Questions that i hear from new financiers what if you’re brand new to investing you just don’t wish to choose 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 happen the first of all you can work with a financial investment portfolio manager they’ll typically 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 specific funds are produced 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 remember this platform is quite advanced you can do cfds which naturally cfds are ways 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 simply presume since i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that option too so you really get used to the structure of the website 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 risk this is investing we’re doing you’re investing in genuine companies if you pick to in this particular video we’re speaking about how to copy other individuals’s financial investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not just do something because that person has stated they’ve made profit 14 months in a row buy these choices because you think is the ideal ones for you which being said let’s dive straight in [Music] The 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 aspect that is probably.
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well-known for it’s the alternative to see what other traders are doing extraordinary we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can actually say i wish to do exactly what that trader is doing or match that precise portfolio of options and basically each time they make a trade they buy they offer whatever they do your cash will be simulated with it so that suggests if for example 10 of their financial 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 involved actually vital you comprehend what are the expenses of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no charge websites then might not charge you for in fact buying and selling funds or etfs specific commodities individual stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering 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 charges with in particular in this video the next would be things to know prior to you actually start purchasing copy trading or copy portfolios and finally some best suggestions best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with costs really crucial to comprehend these now on there’s a number of fees there isn’t charges to do with actually buying and selling okay so commission costs are totally free nevertheless there are a couple of other fees the first one is withdrawal fees so you can obviously put money in now if you’re 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 on but when you wish to withdraw your cash so you offer your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you may state fine that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are simply one of those alternatives that they have a great deal of platforms clearly 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 once every 6 months you understand depends entirely how you’re investing however that is a fee to remember the second charge that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not an option to buy in euros or uk which’s great that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading two and two free trade anyone at all this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost exists what are they actually 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 give me us dollars rather you have to pay their charges now the fantastic feature of however when you have actually converted your money you do not have to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that means the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s actually great utilizing that part of their website will not definitely limit you in any way however we have to know two other costs the first being what’s called spread charges alright and i’m going to show you what i indicate on now a spread fee as i’m going to show you
on is essentially the difference that is part of the financial investment platform between the buy cost and the price okay 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 really means that when you want to offer or purchase as you can see it’s not the price you’re seeing up here let me show you that again so the current cost 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 find this everywhere this is another manner in which they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind obviously it’s more pricey to buy than it is to sell so they’re going to offer you less back with your sale and you say okay well why does that occur it just does that is the nature of a lot 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 fees it’s usually exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a bit cash now the last feat is called an
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over night cost now this is truly important if you’re really utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy offer transaction in the exact same day all right there’s then an over night charge charged or 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 utilizing time one leverage which means you’re really purchasing the exact property rather than utilizing leverage anyhow you won’t get hit with these costs however these charges are if you’re using utilize and cfds and then you’re going to have these costs 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 overnight charges information 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 and that just applies as i stated to cfds there are some added fees naturally depending on what you are buying as well this is on your own so keep that in mind however complete charges are completely within their assistance info all right and we spoke about in addition to free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of really utilizing these copy functions they don’t have any extra costs on top of the regular fees that
are there now what you require to remember though is these possibly managed by other individuals totally or sometimes have actually developed portfolios you’ve got a genuine person doing the management you have to make sure you pick the individual that’s right for you just like any line of work this is your monetary properties so we definitely require to ensure it’s the right individual for us before 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 various options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual ways i think 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 credit card details or anything you can basically have this virtual portfolio simulate as if you are using your own cash however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real cash maybe this is an excellent choice for you once again to test the theories fine you might want to purchase tesla or apple or this etf why not use the virtual alternative as a method to type of safe have fun with it clearly you might have missed out on gains and losses during that time obviously if you had invested your genuine cash it enables you to construct confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to keep in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i suggest by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just means am i all right with potentially losing a great amount of this financial investment or getting as
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well now keep in mind everything is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 individuals will lose cash but that equally suggests they’ll lose at some time in their journey clearly people do make money too and i have actually got videos all about how you can ensure you are among individuals to in fact generate income but in this scenario ensure you research study your risk level would you be alright offering your money to another person which is efficiently what you’re doing and trusting them make sure you understand what they’re buying fully if you’re someone who isn’t wanting to be that dangerous don’t choose someone who’s entirely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can really utilize this too actually easily over here you can copy individuals now it will offer you a lot of options and you can utilize the system to actually search for someone that you elegant really following so let’s see maybe we want someone from united kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can discover everyone who has actually fulfilled that requirements and it does give you a danger factor also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly 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 suggest somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to validate are you alright with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually buying 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 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 really that i invest in too which is great so in fact for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s likewise got a little bit more um of the kind of primary food business and you’ve got you understand pharmaceutical and production business as that. Sony Etoro.
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