We get htis a lot on our site the answer to Etoro Vs Stake….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely do not wish to decide what you really wish to invest and you want someone to do it for you there’s only a couple of manner ins which that can take place the firstly you can work with an investment portfolio supervisor they’ll usually charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is naturally you can purchase mutual funds particular funds are created 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 rather advanced you can do cfds which naturally cfds are methods of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t just presume since i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that option too so you really get utilized to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in real business if you choose to in this specific video we’re discussing how to copy other people’s financial investments with your money so obviously your capital is at danger and we have to bear that in mind do not simply do something since that person has actually said they’ve made revenue 14 months in a row invest in these choices because you think is the right ones for you which being said let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.
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popular for it’s the alternative to see what other traders are doing incredible we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can really state i want to do exactly what that trader is doing or match that exact portfolio of options and generally each time they make a trade they buy they offer whatever they do your money will be imitated with it so that implies if for example 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 costs involved really important you understand what are the expenses of this now with any platform there will be some expense to obviously 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 no charge sites then might not charge you for actually buying and selling funds or etfs private products specific stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 know before you actually begin investing in copy trading or copy portfolios and lastly some best suggestions finest practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s begin with costs really crucial to understand these now on there’s a couple of costs there isn’t charges to do with really buying and selling alright so commission fees are free however there are a couple of other costs the first one is withdrawal fees 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 on but when you wish to withdraw your cash so you sell your shares you offer your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to make certain that i’m just withdrawing when i absolutely require to now you may state okay that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are just one of those alternatives that they have a lot of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every six months you understand depends entirely how you’re investing however that is a charge to remember the 2nd fee that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not an option to purchase in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading 2 and two open market anyone at all this is basic they have actually i suppose stuck to whatever cost they charge for that conversion rate you kind of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge is there what are they in fact providing 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 give me us dollars rather you have to pay their charges now the terrific thing about however when you have actually converted your money you do not need to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s actually excellent utilizing that part of their website will not definitely restrict you in any way nevertheless we have to understand 2 other fees the first being what’s called spread costs alright and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you
on is basically the difference that becomes part of the financial investment platform 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 website right now tesla’s dollar worth 599 per share in tesla that actually indicates 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 again so the existing rate of tesla is the worth of a share what’s called spread charges is the distinction then really to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind clearly it’s more costly to purchase than it is to offer so they’re going to provide you less back with your sale and you say alright well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to sell it which is how they make a little bit of money on those spread costs it’s normally incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit cash now the last accomplishment is called an
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overnight charge now this is actually crucial if you’re in fact using cfds yourself also an over night cost is when you’re not doing that buy sell deal in the exact same day alright there’s then an over night charge charged and even if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which implies you’re really buying the precise asset rather than utilizing take advantage of anyway you will not get hit with these charges but these fees 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 same day so let’s state if you go into the assistance section this isn’t the overnight fees information 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 over night or you’re doing over weekends which only applies as i stated to cfds there are some service charges of course depending on what you are investing in as well this is on your own so keep that in mind but full charges are entirely within their assistance details okay 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 regular product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of in fact using these copy works they don’t have any additional charges on top of the typical charges that
are there now what you need to bear in mind though is these possibly managed by other people entirely or often have actually created portfolios you’ve got a real person doing the management you have to make sure you choose the person that’s right for you just like any profession this is your financial possessions so we absolutely need to make sure it’s the right individual for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of various options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card details or anything you can generally have this virtual portfolio mimic as if you are using your own cash however in fact purchase 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 an excellent alternative for you again to test the theories alright you might wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe have fun with it obviously you might have missed out on gains and losses throughout that time naturally if you had actually invested your genuine cash it allows you to build confidence comprehend 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 in fact how to copy people and copy portfolios now here’s something to bear in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i indicate by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of simply suggests am i okay with potentially losing a good quantity of this financial investment or acquiring as
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well now remember everything is downs and ups you will generate income you’ll lose money that’s why they make the fact 75 individuals will lose cash however that similarly suggests they’ll lose at some time in their journey obviously individuals do earn money also and i’ve got videos everything about how you can make sure you’re one of individuals to in fact generate income but in this situation ensure you research study your risk level would you be all right giving your money to another person which is effectively what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re somebody who isn’t wishing to be that risky do not select someone who’s entirely into crypto or currency conversion think of it you ‘d probably want a foundation of strong commodities
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like gold and even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually use this too truly easily over here you can copy individuals now it will give you a lot of choices and you can utilize the system to actually search for someone that you elegant actually following so let’s see perhaps we want somebody from unified kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has actually met that criteria and it does offer you a danger factor too 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 people that have rather high returns
keep in mind it resembles 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 4 or minus 50 there’s no chance to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to verify are you all right with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she really purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is excellent so actually 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 business that seems to be what she chooses she’s also got a bit more um of the kind of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Etoro Vs Stake.
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