Find the answer to Etoro Bic….Concerns that i speak with new financiers what if you’re brand new to investing you merely don’t want to decide what you really want to invest and you desire somebody to do it for you there’s only a couple of ways that that can take place the firstly you can hire an investment portfolio manager they’ll usually charge a quite a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific funds are developed 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 as well now if you’re brand new to an overall please remember this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning about please do study the platform do not simply presume because i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that option as well so you in fact get used to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re buying real business if you pick to in this particular video we’re discussing how to copy other people’s financial investments with your cash so clearly your capital is at danger and we have to bear that in mind do not just do something since that person has stated they have actually made revenue 14 months in a row invest in these options since you think is the best 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 aspect that is probably.
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famous for it’s the option to see what other traders are doing incredible 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 suggests with our money we can actually state i want to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially every time they make a trade they purchase they offer whatever they do your money will be imitated with it so that indicates if for instance 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 also cover is the costs involved really critical you understand what are the costs of this now with any platform there will be some cost to clearly these are real 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 no cost websites then may not charge you for in fact buying and selling funds or etfs specific products individual stocks.
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there’ll be costs on other parts possibly 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 understand prior to you in fact start investing in copy trading or copy portfolios and finally some best advice best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s start with charges really important to understand these now on there’s a number of fees there isn’t fees to do with in fact buying and selling alright so commission charges are totally free nevertheless there are a number of other charges the first one is withdrawal charges so you can obviously put cash in now if you’re in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your cash so you sell your shares you offer your products 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 understanding that i’m going to ensure that i’m only withdrawing when i absolutely require to now you may say all right that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are just among those choices that they have a great deal of platforms undoubtedly 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 once every six months you understand depends entirely how you’re investing however that is a cost to remember the 2nd cost that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not an option to purchase in euros or uk and that’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow 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 fee now when you utilize anyone so if you’re using trading two and two free trade anyone at all this is basic they have i expect stuck with whatever charge they charge for that conversion rate you kind of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they in fact offering you in terms of your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and state offer me us dollars instead you need to pay their costs now the excellent feature of though when you have actually converted your cash you do not need to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that means the preliminary day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s really great utilizing that part of their website won’t definitely limit you in any way nevertheless we need to know two other costs the very first being what’s called spread charges okay and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is basically the distinction that is part of the financial investment platform in between the buy price and the price alright 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 want to purchase or offer as you can see it’s not the cost you’re seeing up here let me show you that again so the current cost of tesla is the value of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind certainly it’s more costly to purchase than it is to offer so they’re going to provide you less back with your sale and you state fine well why does that occur 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 sell it and that is how they make a little bit of cash on those spread costs it’s usually 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 task is called an
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over night cost now this is actually essential if you’re really utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy offer deal in the very same day alright there’s then an overnight fee charged or even if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one leverage which means you’re really purchasing the exact possession rather than utilizing take advantage of anyway you won’t get hit with these charges however these costs 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 very same day so let’s state if you go into the assistance area this isn’t the over night fees info you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which just applies as i stated to cfds there are some service charges of course depending on what you are investing in as well this is on your own so keep that in mind however complete charges are entirely within their assistance information alright and we discussed in addition to 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 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of really utilizing these copy works they do not have any extra charges on top of the regular charges that
exist now what you need to keep in mind though is these potentially handled by other people entirely or in some cases have actually created portfolios you’ve got a real individual doing the management you have to ensure you select the individual that’s right for you much like any type of work this is your monetary possessions so we definitely need to make sure it’s the best individual 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 different options for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual ways 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 details or anything you can generally have this virtual portfolio imitate as if you are utilizing your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money maybe this is a fantastic alternative for you once again to evaluate the theories all right you may want to purchase tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe have fun with it undoubtedly you might have missed out on gains and losses during that time of course if you had invested your real money it permits you to construct self-confidence understand the platform so that’s one option 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 individuals and copy portfolios now here’s something to bear in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i indicate 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 run the risk of just indicates am i fine with possibly losing a great amount of this financial investment or acquiring as
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well now remember whatever is ups and downs you will generate income you’ll lose money that’s why they make the figure 75 people will lose money but that equally implies they’ll lose at some time in their journey undoubtedly people do generate income too and i have actually got videos everything about how you can make certain you are among the people to in fact earn money but in this scenario make sure you research study your threat level would you be fine providing your cash to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re somebody who isn’t wishing to be that dangerous don’t choose somebody 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 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 exact same with who you’re following now as i state you can really utilize this too really easily over here you can copy people now it will offer you a lot of choices and you can use the system to really search for someone that you fancy actually following so let’s see maybe we want somebody from united kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a great amount and i can find everybody who has fulfilled that criteria and it does provide you a danger aspect too 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 individuals that have rather high returns
bear in mind it resembles anything to do with the news or forecasts 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 other 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 verify are you all right with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she really buying 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 know ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is excellent so actually for me understanding what i like to purchase 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 chooses she’s also got a bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production business as that. Etoro Bic.
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