We get htis a lot on our site the answer to Etoro Vs Octafx….Questions that i speak with new financiers what if you’re brand new to investing you merely do not wish to choose what you actually wish to invest and you desire someone to do it for you there’s just a couple of ways that that can take place the first off you can hire a financial investment portfolio manager they’ll normally charge a quite a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is naturally you can purchase mutual funds particular funds are produced 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 bear in mind this platform is rather advanced you can do cfds which naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform do not simply assume since i utilize 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 alternative as well so you in fact get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying genuine companies if you select to in this specific video we’re discussing how to copy other individuals’s investments with your money so clearly your capital is at danger and we need to bear that in mind do not just do something because that individual has actually said they’ve made profit 14 months in a row buy these choices due to the fact that you believe is the ideal ones for you and that being stated 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 element that is most likely.
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popular for it’s the option to see what other traders are doing extraordinary we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can really state i want to do exactly what that trader is doing or match that specific portfolio of choices and generally every time they make a trade they purchase they sell whatever they do your money will be simulated with it so that means if for example 10 of their financial 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 fees involved really important 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 some of the zero cost sites then might not charge you for actually buying and selling etfs or funds individual commodities private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to understand prior to you actually begin buying copy trading or copy portfolios and finally some finest suggestions finest practices if you are thinking about this as a tool whether you start your journey or your 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 really buying and selling okay so commission fees are free nevertheless there are a number of other charges the first one is withdrawal fees so you can certainly put money in now if you’re 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 cash so you sell your shares you offer your products whatever you’re selling the minimum amount 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 make sure that i’m only withdrawing when i definitely need to now you might state alright that’s quite 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 fees are simply one of those alternatives that they have a great deal of platforms obviously 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 when every six months you understand depends completely how you’re investing but that is a cost to remember the second fee that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an option to purchase in euros or uk and that’s great that fits me.
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a great deal 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 charge now when you use anybody so if you’re using trading two and 2 free trade anyone at all this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you type of have to accept you know if you wish to use their platform go from uk to us then that conversion charge is there what are they really giving 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 offer me us dollars rather you need to pay their fees now the great feature of however when you have actually transformed your money you do not need to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that indicates 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 additional charges so that’s truly great using that part of their website will not definitely limit you in any way however we need to be aware of two other costs the very first being what’s called spread charges fine and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is essentially the distinction that is part of the investment platform in between the buy price and the sale price all right 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 wish to purchase or offer as you can see it’s not the cost you’re seeing up here let me show you that once again so the present rate of tesla is the value of a share what’s called spread charges is the distinction then in fact to buy that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of profit from you whenever you do a purchaser’s share so keep that in mind certainly it’s more pricey to buy than it is to offer so they’re going to give you less back with your sale and you say 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 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 out charges it’s typically exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a little bit cash now the last task is called an
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over night charge now this is truly crucial if you’re actually utilizing cfds yourself also an over night charge is when you’re not doing that buy sell transaction in the very same day all right there’s then an overnight charge charged or perhaps 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 in fact buying out the etf the stock the commodity and using time one leverage which means you’re in fact purchasing the specific property instead of utilizing leverage anyhow you won’t get hit with these costs however these charges are if you’re using take advantage of and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s state if you enter into the aid area this isn’t the over night charges details you can see precisely the breakdown and it’ll inform 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 obviously depending on what you are purchasing also this is on your own so keep that in mind but complete charges are completely within their assistance info okay and we talked about as well as complimentary to deposit in however 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 five dollar withdrawal fee 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 functions they do not have any extra costs on top of the normal costs that
exist now what you need to remember though is these possibly managed by other people entirely or often have created portfolios you have actually got a real individual doing the management you need to make certain you choose the person that’s right for you just like any kind of work this is your financial properties so we definitely need to ensure 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 choices for us first of all 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 ways i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are using your own cash however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money perhaps this is a fantastic option for you once again to test the theories okay you may wish to buy tesla or apple or this etf why not utilize the virtual option as a way to type of safe have fun with it undoubtedly you may have lost out on gains and losses during that time naturally if you had actually invested your genuine money it enables you to develop confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to keep in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger 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 risk simply suggests am i okay with potentially losing a good amount of this investment or acquiring as
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well now keep in mind whatever is downs and ups you will generate income 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 obviously people do earn money as well and i have actually got videos everything about how you can make certain you are among the people to in fact make money but in this situation make sure you research study your threat level would you be fine offering your cash to another person which is efficiently what you’re doing and trusting them make certain you comprehend what they’re purchasing fully if you’re someone who isn’t wanting to be that risky do not pick someone who’s totally into crypto or currency conversion think about it you ‘d probably want a foundation of strong commodities
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like gold and even oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact utilize this too truly quickly over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to in fact search for someone that you fancy actually following so let’s see possibly we desire somebody from unified kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a good amount and i can discover everyone who has actually satisfied that criteria and it does provide you a danger aspect 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 people that have quite high returns
remember it resembles anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they might make 4 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 verify are you alright with this and off you go now another method 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 buying 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 excellent to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is great so in fact for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she chooses she’s also got a bit more um of the sort of primary food companies and you have actually got you understand pharmaceutical and production business as that. Etoro Vs Octafx.
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