We get htis a lot on our site the answer to Etoro Vs Coindesk Vs Kraken….Questions that i hear from brand-new financiers what if you’re brand new to investing you just don’t want to choose what you really want to invest and you want someone to do it for you there’s just a number of manner ins which that can happen the first of all you can work with an investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is naturally you can purchase mutual funds specific 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 also now if you’re brand new to a total please keep in mind this platform is quite innovative you can do cfds which naturally 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 do not simply assume due to the fact that i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that alternative too so you actually get utilized to the structure of the site and then when you’re ready to utilize your own cash 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 buying real business if you choose to in this specific video we’re discussing how to copy other people’s financial investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not just do something since that person has actually said they have actually made earnings 14 months in a row purchase these choices because you think is the ideal ones for you and that being stated let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is most likely.
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famous for it’s the alternative to see what other traders are doing amazing we do not normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can actually say i want to do precisely what that trader is doing or match that specific portfolio of alternatives and basically whenever they make a trade they purchase they sell whatever they do your money will be imitated with it so that indicates 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 also cover is the costs involved actually crucial you understand what are the costs of this now with any platform there will be some expense to obviously these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the absolutely no fee sites then might not charge you for actually buying and selling etfs or funds individual commodities individual 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 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 really start purchasing copy trading or copy portfolios and lastly some finest guidance finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s start with costs really crucial to comprehend these now on there’s a number of charges there isn’t charges to do with in fact buying and selling fine so commission fees are complimentary however there are a number of other fees the very first one is withdrawal charges so you can certainly put money in now if you’re 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 later but when you want to withdraw your cash so you sell your shares you sell your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to ensure that i’m only withdrawing when i definitely require to now you might say fine that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are just among those options that they have a great deal of platforms certainly 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 once every six months you understand depends entirely how you’re investing however that is a fee to bear in mind the second cost that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’s great that fits me.
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a lot 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 use anyone so if you’re utilizing trading two and two free trade anybody this is basic they have i expect stuck with whatever charge they charge for that conversion rate you type of have 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 offering you in regards to 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 state offer me us dollars instead you have to pay their charges now the great thing about though when you’ve transformed your money you do not have to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that means the initial day that you purchase or convert 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 really good utilizing that part of their site won’t certainly limit you in any way nevertheless we have to be aware of 2 other charges the first being what’s called spread charges okay and i’m going to show you what i imply on now a spread cost as i’m going to show you
on is basically the difference that is part of the financial investment platform between the buy price and the list price alright it’s their premium on doing both those two 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 in fact suggests 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 present rate of tesla is the worth of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of benefit from you every time you do a buyer’s share so keep that in mind certainly it’s more costly to purchase than it is to sell 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 difference in between if you’re buying it then you wish to sell it and that is how they make a bit of cash on those spread costs it’s normally extremely little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit money now the last feat is called an
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over night charge now this is actually important if you’re actually utilizing cfds yourself also an overnight charge is when you’re not doing that buy offer deal in the exact same day alright there’s then an overnight cost charged and even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which indicates you’re actually purchasing the exact asset rather than using utilize anyhow you won’t get hit with these charges but these fees are if you’re using leverage and cfds and after that you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you enter into the aid area this isn’t the over night fees info you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which only applies as i stated to cfds there are some added fees of course depending upon what you are buying too this is on your own so keep that in mind however complete costs are entirely within their aid details okay and we spoke about as well as complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of in fact using these copy operates they do not have any extra charges on top of the regular costs that
are there now what you need to remember though is these potentially managed by other individuals entirely or sometimes have developed portfolios you’ve got a genuine person doing the management you have to make certain you pick the person that’s right for you similar to any line of work this is your financial assets 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 want to use this function we have actually got a number of different 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 alternative to invest genuine money or a virtual platform virtual methods 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 details or anything you can basically have this virtual portfolio imitate as if you are using your own cash however really 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 an excellent option for you again to check the theories alright you may wish to purchase tesla or apple or this etf why not use the virtual choice as a method to sort of safe play with it obviously you might have missed out on gains and losses throughout that time of course if you had actually invested your real money it allows you to build 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 in fact how to copy individuals and copy portfolios now here’s something to bear in mind prior to you pick somebody 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 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 all right with possibly losing a good quantity of this financial investment or getting as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose cash that’s why they make the statistic 75 individuals will lose cash however that similarly means they’ll lose eventually in their journey clearly people do make money also and i’ve got videos all about how you can ensure you’re one of individuals to really make money but in this situation make sure you research your danger level would you be alright providing your cash to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re investing in totally if you’re somebody who isn’t wanting to be that dangerous don’t choose someone who’s completely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong products
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like gold or perhaps oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact use this too really easily over here you can copy people now it will give you a lot of options and you can utilize the system to really look for someone that you elegant actually following so let’s see perhaps we desire someone from united kingdom um who buys let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can find everyone who has actually fulfilled that criteria and it does give you a threat element 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 individuals that have rather high returns
bear 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 might make 4 or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to validate are you alright with this and off you go now another way to really deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she actually purchasing so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine actually that i buy too which is good so in fact for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production companies as that. Etoro Vs Coindesk Vs Kraken.
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