We get htis a lot on our site the answer to Etoro Vs 1Broker….Questions that i hear from new investors what if you’re brand new to investing you merely do not wish to decide what you actually wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can take place the first of all you can hire an investment portfolio manager they’ll generally charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is obviously you can buy mutual funds particular 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 as well now if you’re brand new to an overall please remember this platform is rather advanced you can do cfds which obviously cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform don’t simply presume because i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that alternative too so you in fact get utilized to the structure of the site and after that 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 danger this is investing we’re doing you’re buying genuine business if you pick to in this specific video we’re speaking about how to copy other people’s financial investments with your cash so undoubtedly your capital is at threat and we need to bear that in mind do not just do something since that person has actually stated they’ve made revenue 14 months in a row purchase these options because you think is the ideal 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 most likely.
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famous for it’s the choice to see what other traders are doing extraordinary we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can really state i wish to do exactly what that trader is doing or match that specific portfolio of choices and generally whenever they make a trade they purchase they sell whatever they do your cash will be simulated with it so that indicates if for example 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 fees included really important you comprehend what are the costs of this now with any platform there will be some cost to clearly 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 zero fee sites then might not charge you for really buying and selling etfs or funds private products private stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering 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 know prior to you in fact begin purchasing copy trading or copy portfolios and finally some best guidance best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s begin with fees really essential to understand these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling alright so commission costs are totally free however there are a couple of other fees the first one is withdrawal charges so you can obviously put cash in now if you remain in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your money 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 naturally knowing that i’m going to make sure that i’m only withdrawing when i definitely require to now you might say alright that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are simply among those alternatives that they have a lot of platforms certainly are totally 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 however that is a fee to keep in mind the 2nd fee that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an alternative to buy in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m great 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 open market anybody this is basic they have i expect stuck to whatever fee they charge for that conversion rate you sort of need 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 in fact 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 give me us dollars instead you have to pay their charges now the fantastic aspect of however when you have actually transformed your money you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the initial 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 fees so that’s truly excellent utilizing that part of their website won’t definitely limit you in any way nevertheless we have to understand 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 cost as i’m going to show you
on is essentially the distinction that becomes part of the investment platform between the buy price and the price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that really means that when you want to offer 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 cost of tesla is the worth of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll find this everywhere this is another way that they make a small amount of profit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you say all right well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you want to offer it which is how they make a little bit of money on those spread out costs it’s typically extremely small 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 money now the last accomplishment is called an
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overnight charge now this is actually important if you’re in fact using cfds yourself also an overnight fee is when you’re refraining from doing that buy offer deal in the exact same day fine there’s then an over night cost charged and even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which implies you’re really purchasing the specific asset rather than utilizing utilize anyhow you will not get hit with these costs but these costs are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s say if you enter into the aid area this isn’t the overnight costs details you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which just uses as i stated to cfds there are some service charges naturally depending upon what you are purchasing also this is on your own so keep that in mind however full fees are totally within their help information all right and we talked about in addition to complimentary to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of actually using these copy functions they do not have any extra costs on top of the normal charges that
are there now what you need to bear in mind though is these potentially handled by other people totally or often have actually developed portfolios you’ve got a genuine individual doing the management you need to make sure you pick the individual that’s right for you similar to any profession this is your financial assets so we absolutely require to make sure it’s the best person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of various options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your charge card information or anything you can basically 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 comfortable with utilizing your real money perhaps this is an excellent option for you again to evaluate the theories okay you may wish to buy tesla or apple or this etf why not use the virtual option as a method to type of safe have fun with it obviously you may have missed out on gains and losses throughout that time obviously if you had invested your genuine money it enables you to build confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to keep in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i suggest by that undoubtedly 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 simply means am i alright with possibly losing an excellent amount of this financial investment or gaining as
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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the figure 75 people will lose cash however that equally suggests they’ll lose eventually in their journey obviously people do earn money too and i’ve got videos all about how you can make sure you are among the people to actually generate income however in this situation make sure you research your risk level would you be fine providing your money to another person which is successfully what you’re doing and trusting them make sure you comprehend what they’re purchasing totally if you’re someone who isn’t wishing to be that dangerous don’t select someone who’s totally into crypto or currency conversion consider it you ‘d most likely want a backbone of strong products
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like gold and even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact use this too actually easily over here you can copy people now it will offer you a great deal of options and you can use the system to actually look for somebody that you fancy actually following so let’s see maybe we want somebody from united kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has fulfilled that requirements and it does offer you a threat element also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of individuals that have quite high returns
keep in mind it resembles 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 could make four or minus 50 there’s no chance 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 all right with this and off you go now another way to really deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really 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 understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine actually that i purchase too which is excellent so really for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s likewise got a bit more um of the kind of primary food business and you have actually got you know pharmaceutical and production companies as that. Etoro Vs 1Broker.
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