We get htis a lot on our site the answer to Bitpanda Vs Etoro….Questions that i speak with new financiers what if you’re brand new to investing you merely don’t want to choose what you actually wish to invest and you desire somebody to do it for you there’s only a couple of ways that that can happen the to start with you can work with a financial investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is obviously 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 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 in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t just presume due to the fact that 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 cash they consider that option too so you really get utilized to the structure of the website 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 investing in real business if you choose to in this specific video we’re talking about how to copy other people’s investments with your money so certainly your capital is at risk and we need to bear that in mind do not just do something since that individual has said they’ve made earnings 14 months in a row invest in these options because you believe is the best ones for you which being stated let’s dive straight 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 element that is most likely.
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well-known for it’s the alternative to see what other traders are doing amazing we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can in fact state i wish to do precisely what that trader is doing or match that exact portfolio of options and essentially every time they make a trade they purchase they offer whatever they do your money will be simulated with it so that suggests if for instance 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 also cover is the fees involved actually important you comprehend what are the costs of this now with any platform there will be some cost to clearly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the no fee websites then may not charge you for really buying and selling funds or etfs individual products private stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know prior to you really begin buying copy trading or copy portfolios and lastly some finest advice finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s begin with costs really important to understand these now on there’s a couple of charges there isn’t costs to do with actually buying and selling alright so commission charges are free nevertheless there are a couple of other costs the first one is withdrawal fees so you can certainly put money in now if you’re in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future however when you wish to withdraw your money so you sell your shares you sell 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 knowing that i’m going to make sure that i’m just withdrawing when i absolutely require to now you may state fine that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal fees are simply one of those options that they have a great deal of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you know depends entirely how you’re investing however that is a cost to bear in mind the second charge that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk and that’s fine that matches 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 excellent with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re utilizing trading two and two free trade anybody this is standard they have i expect stuck with whatever cost they charge for that conversion rate you kind of have to accept you know if you want to utilize their platform go from uk to us then that conversion cost is there what are they really providing 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 say offer me us dollars rather you have to pay their fees now the great feature of however when you’ve transformed your cash you do not need to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that implies 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 fees so that’s actually great using that part of their website won’t definitely restrict you in any way nevertheless we have to be aware of 2 other charges the very first being what’s called spread fees alright and i’m going to show you what i mean on now a spread fee as i’m going to show you
on is basically the difference that becomes part of the investment platform between the buy rate and the sale price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that really means that when you want to offer or purchase as you can see it’s not the rate you’re seeing up here let me show you that once again so the present cost of tesla is the value of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of profit from you every time you do a buyer’s share so keep that in mind obviously it’s more expensive to purchase than it is to offer so they’re going to give you less back with your sale and you state alright well why does that occur 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 wish to offer it and that is how they make a bit of money on those spread out charges it’s generally incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a little bit money now the last feat is called an
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overnight fee now this is actually important if you’re in fact using cfds yourself too an overnight cost is when you’re refraining from doing that buy sell deal in the very same day all right there’s then an overnight cost 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 actually buying out the etf the stock the product and using time one utilize which means you’re really buying the specific possession instead of using leverage anyhow you won’t get hit with these costs however these fees are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy selling in the same day so let’s state if you enter into the aid section this isn’t the over night charges details you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends and that just applies as i said to cfds there are some service charges obviously depending on what you are investing in as well this is on your own so keep that in mind however complete costs are completely within their aid info fine and we discussed as well as totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of in fact using these copy works they don’t have any extra costs on top of the typical charges that
exist now what you need to bear in mind though is these possibly handled by other individuals entirely or in some cases have actually developed portfolios you’ve got a real person doing the management you need to make sure you pick the individual that’s right for you just like any profession this is your monetary possessions so we absolutely need to ensure it’s the right person for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of different alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual means i think you get yep a hundred thousand dollars to play 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 generally have this virtual portfolio mimic as if you are using your own money however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash possibly this is a fantastic option for you again to check the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to type of safe have fun with it certainly you might have missed out on gains and losses throughout that time of course if you had invested your real cash it enables you to construct self-confidence comprehend 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 really how to copy people 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 certain you understand what your risk profile is now what do i imply by that undoubtedly 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 suggests am i okay with potentially losing a good quantity of this financial investment or getting as
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well now keep in mind everything is downs and ups you will make money you’ll lose money that’s why they make the figure 75 individuals will lose cash however that similarly means they’ll lose at some time in their journey obviously people do generate income too and i’ve got videos everything about how you can make certain you are among the people to in fact generate income but in this circumstance make sure you research study your threat level would you be okay offering your cash to somebody else which is effectively what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re somebody who isn’t wanting to be that risky don’t select someone who’s entirely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold and even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually use this too really easily over here you can copy individuals now it will provide you a lot of choices and you can use the system to in fact search for somebody that you expensive in fact following so let’s see possibly we desire somebody from united kingdom um who buys let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can discover everyone who has satisfied that requirements and it does offer you a risk element as well so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of people that have rather high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they could make 4 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 know ask you to confirm are you okay with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she in fact investing in so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got some of mine actually that i buy too which is good so really for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the sort of primary food companies and you have actually got you know pharmaceutical and production business as that. Bitpanda Vs Etoro.
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