We get htis a lot on our site the answer to Etoro Vs Zulutrade….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely do not want to decide what you really wish to invest and you want someone to do it for you there’s just a number of manner ins which that can take place the firstly you can employ an investment portfolio manager they’ll usually charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular funds are created again with an account supervisor 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 rather sophisticated you can do cfds which naturally cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform do not simply presume 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 money they consider that choice too so you actually get utilized to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re investing in real business if you pick to in this particular video we’re talking about how to copy other people’s investments with your money so obviously your capital is at risk and we have to bear that in mind do not simply do something because that person has said they have actually made revenue 14 months in a row purchase these options since you think is the right ones for you and that being stated let’s dive straight 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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famous for it’s the option to see what other traders are doing unbelievable we don’t typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can actually state i wish to do precisely what that trader is doing or match that precise portfolio of options and essentially every time they make a trade they purchase they offer whatever they do your cash will be imitated with it so that indicates if for instance 10 of their financial investment portfolio is 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 truly critical you understand what are the costs of this now with any platform there will be some cost to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the zero cost sites then may not charge you for really buying and selling funds or etfs private commodities specific stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you in fact start investing in copy trading or copy portfolios and finally some finest recommendations best practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s start with costs actually important to understand these now on there’s a number of charges there isn’t costs to do with in fact buying and selling alright so commission charges are complimentary however there are a couple of other fees the very first one is withdrawal fees so you can certainly put money 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 but when you want 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 of course knowing that i’m going to ensure that i’m only withdrawing when i definitely require to now you may state alright that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are just among those choices that they have a lot of platforms certainly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every six months you know depends completely how you’re investing but that is a charge to bear in mind the 2nd charge that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk and that’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading two and 2 open market anybody this is standard they have i expect stuck with whatever charge they charge for that conversion rate you type of need 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 in fact offering you in terms of 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 give me us dollars rather you have to pay their charges now the excellent thing about though when you’ve converted your money you do not need to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s actually good utilizing that part of their site will not certainly restrict you in any way however we have to be aware of 2 other costs the very first being what’s called spread costs all right 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 distinction that belongs to the financial investment platform in between the buy cost 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 site today tesla’s dollar value 599 per share in tesla that really implies that when you wish 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 value of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll find this everywhere this is another way that they make a small amount of benefit from you every time you do a purchaser’s share so keep that in mind clearly it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you state 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 offer it which is how they make a little bit of cash on those spread out fees it’s usually extremely 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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overnight fee now this is really crucial if you’re in fact using cfds yourself as well an over night fee is when you’re not doing that buy offer deal in the same day all right there’s then an overnight cost charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which indicates you’re actually buying the specific asset rather than using take advantage of anyhow you won’t get hit with these costs however these fees 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 selling in the exact same day so let’s say if you go into the help section this isn’t the overnight fees 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 over night or you’re doing over weekends and that only applies as i said to cfds there are some surcharges obviously depending on what you are buying as well this is on your own so keep that in mind but full fees are totally within their assistance information fine and we spoke about along with totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different ways of in fact utilizing these copy operates they do not have any extra charges on top of the typical fees that
exist now what you need to remember though is these potentially managed by other individuals completely or in some cases have actually produced portfolios you have actually got a real person doing the management you need to make certain you pick the individual that’s right for you much like any kind of work this is your monetary possessions so we absolutely require 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’ve got a number of different choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are using your own money however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money maybe this is a great alternative for you once again to evaluate the theories all right you might want to buy tesla or apple or this etf why not use the virtual choice as a way to kind of safe have fun with it certainly you may have lost out on gains and losses during that time of course if you had invested your genuine cash it enables you to build self-confidence understand the platform so that’s one choice for you then next week and i’m going to return to my real 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 someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i indicate by that undoubtedly 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 just means am i okay with possibly losing an excellent quantity of this financial investment or getting as
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well now remember whatever is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 people will lose cash but that similarly means they’ll lose eventually in their journey undoubtedly people do earn money too and i have actually got videos everything about how you can make certain you’re one of the people to in fact make money but in this scenario ensure you research study your risk level would you be okay offering your cash to someone else which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing totally if you’re someone who isn’t wishing to be that risky do not pick someone who’s entirely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong commodities
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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 state you can actually utilize this too actually quickly over here you can copy individuals now it will provide you a great deal of options and you can use the system to really look for someone that you elegant actually following so let’s see perhaps we desire somebody from unified kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can find everyone who has satisfied that requirements and it does offer you a risk element too so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of people that have quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to guarantee 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 validate 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 actually deep dive into what is she really purchasing so let’s go 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 definitely like kind of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is excellent so actually for me knowing what i like to invest in my individual 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 also got a bit more um of the type of primary food companies and you have actually got you know pharmaceutical and production business as that. Etoro Vs Zulutrade.
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