We get htis a lot on our site the answer to Etoro Vs Ig Markets….Questions that i speak with new financiers what if you’re brand new to investing you just don’t wish to choose what you really wish to invest and you want someone to do it for you there’s just a couple of ways that that can happen the first off you can hire a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is naturally you can purchase 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 quite sophisticated you can do cfds which obviously cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning about please do study the platform do not just assume due to the fact that i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they consider that choice also so you actually get utilized 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 risk this is investing we’re doing you’re investing in genuine companies if you pick to in this particular video we’re discussing how to copy other individuals’s investments with your cash so obviously your capital is at threat and we need to bear that in mind do not simply do something since that individual has stated they have actually made revenue 14 months in a row purchase these options because you think is the best ones for you and that being stated let’s dive directly in [Music] so the important 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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popular for it’s the alternative to see what other traders are doing extraordinary we do not generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can really say i wish to do precisely what that trader is doing or match that specific portfolio of options and basically whenever they make a trade they buy they sell whatever they do your money will be mimicked with it so that implies if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees involved really crucial you comprehend what are the costs of this now with any platform there will be some cost to clearly 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 absolutely no charge sites then may not charge you for in fact buying and selling etfs or funds private commodities 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 charges associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand before you actually start investing in copy trading or copy portfolios and lastly some finest suggestions best practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s start with fees really important to comprehend these now on there’s a number of fees there isn’t costs to do with really buying and selling fine so commission charges are totally free however there are a couple of other fees the very first one is withdrawal charges so you can undoubtedly put money in now if you’re in the uk we put our uk money.
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and it’s instantly 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 offer your commodities 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 obviously knowing that i’m going to ensure that i’m only withdrawing when i definitely need to now you might state fine that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are just one of those alternatives that they have a lot of platforms clearly are totally 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 once every six months you understand depends totally how you’re investing however that is a cost to remember the 2nd cost that i have actually touched upon is that conversion fee now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’s fine that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading 2 and two free trade anyone at all this is standard they have i suppose stuck with whatever fee they charge for that conversion rate you kind 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 terms of 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 say give me us dollars rather you have to pay their fees now the terrific feature of however when you’ve transformed your money you do not have to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the preliminary 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 additional charges so that’s truly excellent utilizing that part of their website won’t definitely restrict you in any way however we need to understand two other costs the first being what’s called spread fees fine and i’m going to reveal you what i indicate on now a spread fee as i’m going to reveal you
on is essentially the difference 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 website today tesla’s dollar value 599 per share in tesla that actually suggests that when you want to offer or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that again so the present cost of tesla is the worth of a share what’s called spread fees is the distinction then actually to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of profit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you state all right well why does that happen it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it which is how they make a little bit of cash on those spread out fees it’s usually incredibly little 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 bit money now the last task is called an
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overnight cost now this is really crucial if you’re actually using cfds yourself as well an overnight fee is when you’re not doing that buy offer deal in the same day fine there’s then an over night cost charged or even if you go from the friday to the monday prior to cruising a weekend charge now this just 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 really purchasing the specific possession instead of utilizing leverage anyhow you will not get hit with these costs but these costs are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you go into the aid area this isn’t the over night fees details you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which only uses as i said to cfds there are some added fees of course depending upon what you are purchasing too this is on your own so keep that in mind but complete costs are entirely within their help details fine and we talked about in addition to free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of actually utilizing these copy functions they do not have any additional costs on top of the regular fees that
are there now what you need to remember though is these possibly managed by other people totally or often have actually produced portfolios you’ve got a genuine person doing the management you need to make sure you choose the individual that’s right for you much like any type of work this is your financial assets so we definitely require to ensure it’s the right person for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a number of different alternatives for us first off if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real cash 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 need to put in your credit card information or anything you can basically have this virtual portfolio imitate as if you are using your own money but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money maybe this is a great alternative for you once again to check the theories alright you might wish to purchase tesla or apple or this etf why not use the virtual option as a way to sort of safe play with it undoubtedly you may have lost out on gains and losses during that time naturally if you had invested your real money it allows you to develop self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really 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 danger profile is now what do i indicate 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 risk simply suggests am i fine with possibly losing a good amount of this investment or getting as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose money that’s why they make the fact 75 people will lose money however that equally means they’ll lose at some time in their journey clearly people do make money as well and i have actually got videos everything about how you can make certain you’re one of the people to actually earn money however in this scenario make certain you research study your threat level would you be okay providing your cash to somebody else which is successfully what you’re doing and trusting them ensure you understand what they’re buying fully if you’re somebody who isn’t wanting to be that dangerous do not choose someone who’s completely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong products
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like gold and even oil plus more standard 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 say you can in fact use this too actually quickly over here you can copy people now it will offer you a lot of choices and you can use the system to actually search for someone that you fancy in fact following so let’s see perhaps we desire someone 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 good quantity and i can discover everyone who has fulfilled that criteria and it does provide you a threat factor too 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
remember it resembles anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other 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 fine with this and off you go now another way to in fact 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 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 bit so that’s excellent to understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is great 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 great spread in tech business that appears to be what she prefers she’s also got a bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production business as that. Etoro Vs Ig Markets.
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