We get htis a lot on our site the answer to Etoro Or Voyager….Concerns that i speak with new financiers what if you’re brand new to investing you just do not wish to choose what you in fact wish to invest and you want someone to do it for you there’s just a number of manner ins which that can occur the firstly you can hire a financial investment portfolio manager they’ll typically charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is naturally you can buy mutual funds specific funds are developed once again with an account supervisor 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 keep in mind this platform is rather sophisticated you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform do not simply assume since i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they give that option too so you actually get used to the structure of the site 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 real companies if you pick to in this specific video we’re talking about how to copy other individuals’s investments with your money so obviously your capital is at risk and we need to bear that in mind do not simply do something because that person has stated they have actually made revenue 14 months in a row purchase these choices due to the fact that you believe 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 understanding 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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famous for it’s the choice to see what other traders are doing extraordinary we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can really state i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and generally each time they make a trade they buy they sell whatever they do your money will be mimicked with it so that indicates if for example 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 fees included really critical you comprehend what are the expenses of this now with any platform there will be some expense to clearly 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 some of the no charge websites then might not charge you for actually buying and selling funds or etfs specific commodities private stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type 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 begin purchasing copy trading or copy portfolios and lastly some best guidance best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s begin with costs truly crucial to comprehend these now on there’s a number of costs there isn’t costs to do with in fact buying and selling all right so commission charges are totally free nevertheless there are a number of other charges the first one is withdrawal charges so you can clearly put money in now if you remain 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 sell 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 of course understanding that i’m going to make sure that i’m only withdrawing when i definitely need to now you may say fine that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are simply one of those options that they have a great deal of platforms undoubtedly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every 6 months you know depends totally how you’re investing but that is a fee to remember the 2nd fee that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not a choice to purchase in euros or uk and that’s great that fits me.
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a great deal of my stocks are us dollar stocks anyhow 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 utilize anyone so if you’re utilizing trading 2 and two free trade anyone at all this is standard they have i suppose stuck to whatever charge they charge for that conversion rate you kind of have to accept you understand if you want to use 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 haggle with them you can’t go to the bank and say offer me us dollars rather you need to pay their fees now the excellent feature of though when you’ve transformed 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 indicates the initial 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 charges so that’s really good using that part of their website won’t definitely limit you in any way however we have to know 2 other costs the very first being what’s called spread costs alright and i’m going to show you what i imply on now a spread cost as i’m going to reveal you
on is basically the distinction that becomes part of the financial investment platform between the buy price and the sale 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 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 reveal you that again so the current rate of tesla is the worth of a share what’s called spread costs is the distinction then really to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind undoubtedly 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 fine well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to offer it which is how they make a bit of money on those spread fees it’s normally exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit cash now the last task is called an
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overnight cost now this is truly crucial if you’re actually utilizing cfds yourself too an overnight charge is when you’re not doing that buy sell deal in the very same day alright there’s then an over night fee charged or perhaps if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which suggests you’re in fact buying the exact property instead of using take advantage of anyway you won’t get hit with these costs but these fees are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you go into the assistance section this isn’t the over night costs information you can see precisely the breakdown and it’ll inform 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 only applies as i said to cfds there are some service charges of course depending on what you are investing in too this is on your own so keep that in mind but complete fees are totally within their assistance information fine and we spoke about in addition to complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of really utilizing these copy works they don’t have any additional costs on top of the normal charges that
are there now what you require to keep in mind though is these possibly managed by other people completely or sometimes have created portfolios you have actually got a real person doing the management you have to make certain you choose the person that’s right for you much like any kind of work 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’ve got a number 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 alternative to invest real cash or a virtual platform virtual means 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 need to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own cash but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money possibly this is a terrific choice for you again to test the theories okay you might wish to purchase tesla or apple or this etf why not use the virtual option as a way to type of safe play with it obviously you might have missed out on gains and losses throughout that time of course if you had invested your genuine cash it enables you to construct confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i imply 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 risk just indicates am i alright with possibly losing a great amount of this investment or acquiring as
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well now remember everything is ups and downs you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose cash but that equally indicates they’ll lose at some time in their journey undoubtedly individuals do make money also and i’ve got videos all about how you can make certain you are among individuals to in fact make money but in this situation make sure you research your threat level would you be fine giving your cash to someone else which is effectively what you’re doing and trusting them ensure you comprehend what they’re buying completely if you’re someone who isn’t wishing to be that dangerous do not choose somebody who’s completely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may 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 really use this too truly easily over here you can copy individuals now it will provide you a great deal of choices and you can use the system to actually search for somebody that you fancy actually following so let’s see perhaps we want someone from joined kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everybody who has actually fulfilled that requirements and it does offer you a risk element too 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 quite high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not suggest someone 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 validate are you alright with this and off you go now another method to actually deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she really purchasing so let’s go 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 know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got a few of mine really that i buy too which is great so actually for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s likewise got a bit more um of the kind of main food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Or Voyager.
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