We get htis a lot on our site the answer to Etoro Vs 3Commas….Questions that i speak with brand-new financiers what if you’re brand new to investing you just don’t wish to decide what you really wish to invest and you desire somebody to do it for you there’s just a couple of ways that that can happen the first off you can employ a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is obviously 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 a total please keep in mind this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform do not simply presume due to the fact that i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they give that alternative as well so you actually get used to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re purchasing real business if you choose to in this specific video we’re speaking about how to copy other individuals’s investments with your cash so clearly your capital is at threat and we need to bear that in mind do not just do something because that person has actually said they have actually made revenue 14 months in a row buy these choices because you think is the ideal ones for you which being stated 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 aspect that is probably.
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well-known for it’s the option to see what other traders are doing unbelievable we do not usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our money we can really state i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and generally each time they make a trade they purchase they sell whatever they do your money will be simulated with it so that implies if for instance 10 of their 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 costs included actually critical you understand what are the expenses of this now with any platform there will be some expense to clearly these are real 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 absolutely no cost sites then might not charge you for actually buying and selling etfs or funds specific products private stocks.
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there’ll be costs on other parts maybe 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 fees with in particular in this video the next would be things to know before you in fact start buying copy trading or copy portfolios and lastly some finest guidance best practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s start with costs really essential to comprehend these now on there’s a couple of fees there isn’t costs to do with really buying and selling okay so commission fees are free however there are a number of other costs the first one is withdrawal costs so you can clearly put money in now if you’re 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 however when you wish to withdraw your money so you offer your shares you sell your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m only withdrawing when i definitely require to now you may state fine that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are just one of those choices that they have a great deal of platforms undoubtedly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every 6 months you understand depends totally how you’re investing however that is a charge to bear in mind the 2nd cost that i have actually discussed is that conversion cost now with you’re dealing in us dollars just there’s not an option to buy in euros or uk which’s fine that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading 2 and 2 open market anybody this is basic they have i expect stuck to whatever charge they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion cost is there what are they really offering 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 rather you have to pay their charges now the terrific feature of though when you’ve transformed your money you do not have to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that means the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s truly good using that part of their website won’t certainly 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 reveal you what i mean on now a spread charge as i’m going to reveal you
on is generally the difference that becomes part of the financial investment platform 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 site today tesla’s dollar worth 599 per share in tesla that actually implies that when you want to offer or buy as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing cost of tesla is the worth of a share what’s called spread fees is the difference then really to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more pricey 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 happen it just 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 want to offer it and that is how they make a bit of cash on those spread charges it’s usually extremely 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 bit money now the last feat is called an
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over night charge now this is truly essential if you’re actually utilizing cfds yourself also an over night cost is when you’re refraining from doing that buy offer deal in the exact same day fine there’s then an overnight charge charged and even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one utilize which indicates you’re actually buying the exact property instead of utilizing leverage anyhow you will not get hit with these costs however these charges are if you’re using utilize and cfds and after that you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you enter into the assistance section this isn’t the over night fees details 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 just uses as i said to cfds there are some service charges obviously depending upon what you are investing in also this is on your own so keep that in mind but full costs are completely within their help info all right and we talked about along with totally free 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 charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of in fact utilizing these copy operates they do not have any extra fees on top of the typical charges that
exist now what you need to keep in mind though is these potentially handled by other individuals completely or in some cases have developed portfolios you have actually got a genuine person doing the management you have to make certain you choose the individual that’s right for you just like any type of work this is your monetary properties so we definitely need to ensure it’s the right person for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of different alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real money or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your charge card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own money but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real money maybe this is a fantastic choice for you once again to evaluate the theories fine you might wish to buy tesla or apple or this etf why not utilize the virtual option as a method to sort of safe have fun with it certainly you may have lost out on gains and losses throughout that time obviously if you had actually invested your genuine cash it enables you to develop confidence understand the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to keep in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i suggest by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk simply implies am i okay with possibly losing a good quantity of this financial investment or gaining as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose cash however that equally suggests they’ll lose at some time in their journey obviously people do generate income too and i’ve got videos all about how you can make sure you are among individuals to really earn money however in this scenario make certain you research your risk level would you be fine providing your money to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re somebody who isn’t wanting to be that risky don’t pick someone who’s totally into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong products
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like gold or even oil plus more conventional 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 actually use this too actually quickly over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to really search for someone that you elegant actually following so let’s see possibly we desire somebody from united kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everyone who has actually satisfied that criteria and it does offer you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they could 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 after that you understand ask you to validate are you all right with this and off you go now another way to actually 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 investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is great so in fact for me knowing what i like to buy 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 also got a little bit more um of the sort of main food companies and you have actually got you know pharmaceutical and production business as that. Etoro Vs 3Commas.
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