We get htis a lot on our site the answer to Ethos Vs Coinbase….Concerns that i speak with new investors what if you’re brand new to investing you simply do not want to decide what you actually wish to invest and you want somebody to do it for you there’s only a number of ways that that can occur the to start with you can employ a financial investment portfolio manager they’ll typically charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is naturally you can purchase mutual funds particular funds are developed 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 as well now if you’re brand new to a total please keep in mind this platform is rather innovative you can do cfds which naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re learning more about please do study the platform do not just presume since i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that choice 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 threat this is investing we’re doing you’re investing in real companies if you pick to in this particular video we’re talking about how to copy other individuals’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 individual has actually said they have actually made revenue 14 months in a row purchase these options since you believe is the right ones for you and that 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 element that is probably.
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popular for it’s the choice to see what other traders are doing amazing we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can in fact say i want to do precisely what that trader is doing or match that exact portfolio of alternatives and basically every time they make a trade they purchase they offer whatever they do your cash will be simulated with it so that means if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs included really critical you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine business 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 absolutely no cost websites then might not charge you for actually buying and selling funds or etfs private commodities specific stocks.
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there’ll be charges on other parts maybe 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 reveal you the charges with in particular in this video the next would be things to know prior to you actually begin investing in copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s begin with costs truly important to understand these now on there’s a number of fees there isn’t charges to do with in fact buying and selling okay so commission costs are totally free however there are a number of other charges the very first one is withdrawal charges so you can undoubtedly 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 later on but when you wish to withdraw your money so you sell your shares you offer your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you might state alright that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are just one of those choices that they have a lot of platforms certainly are 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 six months you understand depends entirely how you’re investing but that is a fee to remember the 2nd fee that i have actually touched upon is that conversion fee now with you’re handling us dollars just there’s not an option to purchase in euros or uk which’s fine that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading 2 and two open market anybody this is standard they have actually i expect stuck to whatever fee 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 charge exists what are they actually giving 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 say provide me us dollars rather you have to pay their charges now the excellent thing about however when you’ve converted your money you do not need to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the initial day that you purchase or convert your dollars is the only charge that happens 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 2 other fees the first being what’s called spread charges all right and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is generally the distinction that is part of the financial investment platform between the buy price and the list 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 today tesla’s dollar worth 599 per share in tesla that really implies that when you want to sell or buy as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the current rate of tesla is the worth of a share what’s called spread charges is the difference then actually to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you each time 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 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 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 costs it’s typically exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a little bit cash now the last accomplishment is called an
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overnight fee now this is truly essential if you’re actually using cfds yourself too an over night charge is when you’re not doing that buy offer deal in the exact same day fine there’s then an over night cost charged or even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which indicates you’re really purchasing the exact asset rather than using take advantage of anyway you won’t get hit with these fees but these costs are if you’re utilizing leverage and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s state if you go into the assistance area this isn’t the overnight fees information you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which just applies as i said to cfds there are some added fees naturally depending upon what you are buying as well this is on your own so keep that in mind however full fees are completely within their assistance details alright and we discussed as well as totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of really using these copy operates they don’t have any additional costs on top of the regular charges that
exist now what you require to bear in mind though is these potentially managed by other individuals completely or sometimes have developed portfolios you’ve got a genuine individual doing the management you have to ensure you pick the person that’s right for you just like any type 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 want to use this function we’ve got a couple of various options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money possibly this is a fantastic choice for you once again to test the theories fine you may want to buy tesla or apple or this etf why not use the virtual alternative as a method to kind of safe have fun with it obviously you may have lost 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 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 keep in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i mean by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of simply implies am i all right with possibly losing a great amount of this financial investment or acquiring as
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well now remember everything is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 people will lose money however that equally suggests they’ll lose eventually in their journey clearly individuals do make money also and i’ve got videos all about how you can make certain you are among individuals to in fact generate income but in this situation ensure you research your risk level would you be fine giving your cash to another person which is successfully what you’re doing and trusting them make sure you understand what they’re buying totally if you’re somebody who isn’t wanting to be that risky don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products
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like gold or even oil plus more traditional etfs and index funds you might not desire 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 actually easily over here you can copy individuals now it will give you a great deal of options and you can utilize the system to really look for someone that you fancy actually following so let’s see maybe we want someone from united kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has met that requirements and it does provide you a threat factor too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have rather high returns
keep 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 might 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 know ask you to confirm are you all right with this and off you go now another method 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 really purchasing 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 understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got a few of mine really that i buy too which is good so really 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 chooses she’s likewise got a little bit more um of the kind of main food companies and you’ve got you understand pharmaceutical and production business as that. Ethos Vs Coinbase.
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