We get htis a lot on our site the answer to Is Etoro Better Than Trading212….Questions that i hear from brand-new investors what if you’re brand new to investing you simply don’t want to choose what you in fact want to invest and you want someone to do it for you there’s only a couple of ways that that can occur the firstly you can hire an investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is obviously you can buy mutual funds particular funds are developed once 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 also now if you’re brand new to an overall please bear in mind this platform is quite sophisticated you can do cfds which naturally cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re learning about please do study the platform don’t simply assume because i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that alternative too so you really get utilized 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 naturally your capital is at danger this is investing we’re doing you’re purchasing genuine business if you pick to in this specific video we’re talking about how to copy other individuals’s investments with your cash so undoubtedly your capital is at threat and we need to bear that in mind do not just do something since that individual has said they’ve made profit 14 months in a row buy these options since you think is the ideal ones for you which being said let’s dive straight 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 probably.
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famous for it’s the option to see what other traders are doing amazing we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our money we can really state i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and essentially every time they make a trade they buy they sell whatever they do your money will be imitated with it so that means if for example 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 fees involved truly crucial you understand what are the expenses of this now with any platform there will be some expense to obviously these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero fee websites then may not charge you for really buying and selling funds or etfs specific products individual 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 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 start buying copy trading or copy portfolios and finally some best advice best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s kick off with costs truly important to comprehend these now on there’s a couple of fees there isn’t charges to do with actually buying and selling okay so commission costs are complimentary nevertheless there are a couple of other charges the very first one is withdrawal charges so you can certainly put money in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your cash so you sell your shares you sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m only withdrawing when i absolutely need to now you may say okay that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are simply one of those options that they have a lot of platforms clearly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you know depends totally how you’re investing but that is a cost to bear in mind the 2nd fee that i’ve discussed is that conversion cost now with you’re dealing in 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 anyhow or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading 2 and 2 open market anyone at all this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you kind of have to accept you understand if you want to use their platform go from uk to us then that conversion charge is there what are they in fact providing 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 instead you need to pay their costs now the fantastic thing about however when you have actually transformed your cash you do not need to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies 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 costs so that’s truly good utilizing that part of their website will not certainly restrict you in any way however we have to know 2 other charges the very first being what’s called spread fees fine and i’m going to reveal you what i mean on now a spread charge as i’m going to show you
on is basically the difference that belongs to the financial investment platform in between the buy price and the list price fine 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 indicates that when you wish to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing price of tesla is the value of a share what’s called spread charges is the distinction then actually to purchase that share on the platform and you’ll discover this all over this is another way that they make a small amount of make money from you every time you do a buyer’s share so keep that in mind clearly it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you state fine well why does that occur it simply does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it and that is how they make a little bit of money on those spread out costs it’s usually extremely small it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a little bit cash now the last accomplishment is called an
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overnight charge now this is truly crucial if you’re in fact utilizing cfds yourself also an overnight cost is when you’re not doing that buy offer deal in the same day all right there’s then an over night fee charged and even if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which means you’re in fact purchasing the exact property instead of using leverage anyway you will not get hit with these charges however these charges are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the assistance section this isn’t the over night fees information you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only applies as i stated to cfds there are some additional charges of course depending upon what you are investing in also this is on your own so keep that in mind but complete charges are completely within their help information alright and we spoke about as well as 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 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two various ways 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 require to remember though is these potentially managed by other individuals completely or sometimes have produced portfolios you have actually got a genuine individual doing the management you need to ensure you choose the person that’s right for you similar to any kind of work this is your monetary possessions so we absolutely need 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 utilize this function we’ve got a couple of different choices for us first of all 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 ways i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your charge card details or anything you can generally have this virtual portfolio simulate as if you are utilizing your own cash however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money perhaps this is a great alternative for you again to test the theories all right you may want to buy tesla or apple or this etf why not use the virtual option as a way to sort of safe have fun with it certainly you may have missed out on gains and losses during that time obviously if you had actually invested your real cash it enables you to build 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 in fact how to copy people and copy portfolios now here’s something to bear in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i imply by that obviously 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 simply indicates am i okay with possibly losing a great amount of this investment or getting as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the fact 75 individuals will lose cash however that similarly means they’ll lose eventually in their journey clearly people do make money as well and i have actually got videos everything about how you can make certain you are among individuals to in fact earn money but in this situation make certain you research your risk level would you be fine giving your cash to someone else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re buying totally if you’re someone who isn’t wanting to be that dangerous don’t select somebody who’s totally into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products
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like gold or perhaps oil plus more traditional 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 say you can actually use this too truly easily over here you can copy people now it will offer you a lot of choices and you can use the system to in fact look for someone that you expensive actually following so let’s see maybe we want someone from united kingdom um who invests in 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 find everybody who has met that criteria and it does provide you a threat element too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not indicate 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 then you understand ask you to confirm 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 really deep dive into what is she really investing in 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 great to know ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is good so in fact for me knowing what i like to buy my private 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 likewise got a little bit more um of the type of primary food companies and you have actually got you understand pharmaceutical and production companies as that. Is Etoro Better Than Trading212.
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