We get htis a lot on our site the answer to Etoro Vs Crypto Com….Concerns that i speak with new financiers what if you’re brand new to investing you merely do not wish to choose what you really want to invest and you want someone to do it for you there’s only a number of manner ins which that can occur the to start with you can hire an investment portfolio supervisor they’ll typically charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds particular funds are produced 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 bear in mind this platform is rather sophisticated you can do cfds which of course cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform do not simply presume due to the fact that i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they give that option as well so you really get utilized to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re investing in genuine business if you pick to in this specific video we’re talking about how to copy other people’s investments with your cash so clearly your capital is at risk and we have to bear that in mind do not simply do something because that person has said they’ve made revenue 14 months in a row purchase these options since you believe is the right ones for you which being said let’s dive directly 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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well-known for it’s the option to see what other traders are doing extraordinary we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and generally every time they make a trade they buy they sell whatever they do your money will be imitated with it so that suggests if for example 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 likewise cover is the charges involved truly critical you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly these are real 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 no cost websites then might not charge you for really buying and selling etfs or funds private products specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees 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 really begin investing in copy trading or copy portfolios and lastly some finest recommendations finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with fees really crucial to comprehend these now on there’s a number of fees there isn’t fees to do with actually buying and selling alright so commission costs are complimentary however there are a number of other costs the very first one is withdrawal charges so you can obviously 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 however when you want to withdraw your money so you offer your shares you sell your commodities whatever you’re offering the minimum amount 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 make sure that i’m just withdrawing when i absolutely require to now you may state fine that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are simply among those alternatives that they have a lot of platforms clearly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every six months you know depends entirely how you’re investing however that is a cost to bear in mind the second cost that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk and that’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 or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading 2 and 2 free trade anybody this is basic they have i suppose stuck to whatever cost they charge for that conversion rate you sort of need to accept you know if you wish to utilize their platform go from uk to us then that conversion cost exists what are they really 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 state offer me us dollars instead you need to pay their charges now the excellent aspect of though when you have actually converted your cash you do not need to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s actually good utilizing that part of their website won’t definitely restrict you in any way nevertheless we have to understand two other fees the first being what’s called spread costs fine and i’m going to show you what i suggest on now a spread fee as i’m going to reveal you
on is essentially the difference that becomes part of the financial investment platform between the buy cost and the price okay 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 worth 599 per share in tesla that in fact indicates that when you wish 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 in fact to purchase that share on the platform and you’ll discover this everywhere 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 clearly 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 fine well why does that occur it simply 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 which is how they make a bit of money on those spread fees it’s typically incredibly 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 little bit cash now the last feat is called an
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over night cost now this is truly crucial if you’re actually utilizing cfds yourself also an over night charge is when you’re refraining from doing that buy offer transaction in the very same day all right there’s then an overnight cost charged or even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which suggests you’re in fact purchasing the precise asset instead of using leverage anyway you won’t get hit with these charges however these fees are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you enter into the help area this isn’t the over night charges information you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that just uses as i said to cfds there are some added fees naturally depending on what you are purchasing as well this is on your own so keep that in mind however full fees are entirely within their help information okay and we discussed as well as totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of really utilizing these copy functions they don’t have any additional fees on top of the normal charges that
exist now what you require to remember though is these potentially handled by other individuals completely or in some cases have created portfolios you’ve got a real person doing the management you need to make sure you select the individual that’s right for you much like any kind of work this is your financial properties so we definitely need to make certain it’s the ideal individual for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of various options for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual methods i believe 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 credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own money but in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is an excellent choice for you once again to check the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual option as a method to type of safe have fun with it certainly you might have missed out on gains and losses throughout that time naturally if you had invested your genuine money it enables you to develop confidence understand the platform so that’s one option 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 people and copy portfolios now here’s something to remember prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i imply by that certainly 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 run the risk of simply implies am i fine with possibly losing an excellent quantity of this investment or getting as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the figure 75 people will lose money but that equally indicates they’ll lose eventually in their journey clearly people do earn money too and i have actually got videos all about how you can make sure you are among the people to actually make money however in this scenario ensure you research study your danger level would you be alright giving your money to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re buying completely if you’re somebody who isn’t wanting to be that risky don’t pick somebody who’s totally into crypto or currency conversion think of it you ‘d probably want a backbone of strong products
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like gold and even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact use this too actually quickly over here you can copy individuals now it will give you a lot of choices and you can use the system to in fact search for someone that you fancy actually following so let’s see possibly we want somebody from unified kingdom um who buys let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds a great quantity and i can discover everybody who has fulfilled that requirements and it does provide you a risk element as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no other 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 verify 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 really deep dive into what is she actually purchasing 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 great to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is good so actually for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s likewise got a little bit more um of the sort of main food business and you have actually got you know pharmaceutical and production business as that. Etoro Vs Crypto Com.
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