We get htis a lot on our site the answer to Etoro Vs Forex….Concerns that i speak with brand-new financiers what if you’re brand new to investing you merely don’t wish to decide what you actually want to invest and you desire somebody to do it for you there’s just a number of ways that that can occur the first of all you can employ an investment portfolio supervisor they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is obviously 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 as well now if you’re brand new to a total please keep in mind this platform is quite sophisticated you can do cfds which of course 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 assume due to the fact that i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that option also so you actually get used 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 risk this is investing we’re doing you’re investing in genuine business if you choose to in this specific video we’re discussing how to copy other individuals’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 because that individual has stated they’ve made profit 14 months in a row buy these options since you believe is the best ones for you which being said let’s dive directly 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 aspect that is most likely.
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well-known for it’s the alternative to see what other traders are doing extraordinary we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can in fact say i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and generally every time they make a trade they purchase they offer whatever they do your money will be simulated with it so that means 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 charges involved really important you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no fee websites then may not charge you for actually buying and selling etfs or funds individual products private stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort 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 understand before you really start investing in copy trading or copy portfolios and finally some finest guidance best practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s begin with charges truly essential to comprehend these now on there’s a couple of costs there isn’t charges to do with actually buying and selling okay so commission fees are complimentary nevertheless there are a couple of other charges the very first one is withdrawal costs so you can obviously put cash in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money so you offer your shares you offer your products 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 all right that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are simply among those alternatives that they have a great deal of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely 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 fee that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not a choice to buy in euros or uk which’s fine 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 even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re utilizing trading two and 2 open market anybody this is standard they have i suppose stuck with whatever cost they charge for that conversion rate you type of have to accept you know if you wish to utilize their platform go from uk to us then that conversion fee 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 haggle with them you can’t go to the bank and say provide me us dollars instead you need to pay their fees now the fantastic thing about though when you have actually 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 suggests the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s truly excellent utilizing that part of their site won’t certainly restrict you in any way nevertheless we have to be aware of two other costs the very first being what’s called spread charges fine and i’m going to show you what i indicate on now a spread cost as i’m going to reveal you
on is basically the difference that belongs to the investment platform between the buy rate and the sale price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that actually means that when you wish to purchase or sell as you can see it’s not the price you’re seeing up here let me show you that again so the present price of tesla is the value of a share what’s called spread costs is the distinction then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind certainly 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 state okay 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 want to offer it and that is how they make a little bit of money on those spread charges it’s typically extremely small it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit cash now the last feat is called an
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overnight cost now this is truly important if you’re in fact utilizing cfds yourself also an overnight cost is when you’re not doing that buy sell transaction in the very same day okay there’s then an overnight fee charged or even if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which means you’re in fact purchasing the specific property rather than utilizing take advantage of anyhow you will not get hit with these costs however these fees are if you’re utilizing utilize and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s say if you enter into the aid section this isn’t the overnight fees details you can see exactly the breakdown and it’ll inform you what are the charges what are the costs 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 purchasing as well this is on your own so keep that in mind but complete fees are completely within their assistance information okay and we discussed in addition to free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular 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 different ways of really utilizing these copy works they don’t have any additional fees on top of the typical fees that
exist now what you require to remember though is these potentially handled by other individuals completely or often have produced portfolios you have actually got a genuine individual doing the management you have to ensure you pick the individual that’s right for you just like any type of work this is your financial possessions so we definitely require to make sure it’s the best individual for us prior to we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of different alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your credit card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money but in fact purchase 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 a great option for you 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 way to type of safe play with it undoubtedly you may have missed out on gains and losses during that time obviously if you had actually invested your real money it enables you to develop self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return 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 bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk 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 simply suggests am i alright with possibly losing a good amount of this financial investment or gaining as
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well now remember everything is ups and downs you will earn money you’ll lose cash that’s why they make the figure 75 people will lose cash however that similarly implies they’ll lose at some time in their journey undoubtedly people do generate income also and i have actually got videos all about how you can make sure you are among individuals to in fact generate income but in this circumstance ensure you research study your danger level would you be all right providing your cash to somebody else which is effectively what you’re doing and trusting them make sure you understand what they’re investing in completely if you’re someone who isn’t wishing to be that risky do not select someone 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 even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state 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 utilize the system to actually look for someone that you fancy in fact following so let’s see perhaps we want somebody from joined kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everyone who has actually fulfilled that requirements and it does provide you a threat factor as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of individuals that have rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not imply 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 simple as clicking the copy button and off you go and after that you understand ask you to validate are you alright with this and off you go now another way to actually deep dive if we click 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 good to know 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 invest in too which is great so really for me understanding what i like to buy 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 prefers she’s also got a bit more um of the type of primary food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Vs Forex.
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