We get htis a lot on our site the answer to Kucoin Vs Etoro Neo….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 desire somebody to do it for you there’s only a couple of ways that that can take place the firstly you can hire an investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is of course 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 as well now if you’re brand new to an overall please remember this platform is rather sophisticated you can do cfds which of course cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re learning about please do study the platform don’t just presume because 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 alternative also so you really get used to the structure of the website and after that when you’re ready to use 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 buying real business if you select to in this specific video we’re talking about how to copy other people’s investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not simply do something because that individual has actually stated they have actually made earnings 14 months in a row buy these options since you think is the ideal ones for you which being stated let’s dive straight 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 becomes part of social trading which is one element that is probably.
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well-known for it’s the choice to see what other traders are doing incredible we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can really state i wish to do precisely what that trader is doing or match that specific portfolio of choices and basically each time they make a trade they purchase they offer whatever they do your money will be imitated with it so that means if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges included really critical you comprehend 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 purchasing the selling for you there’s going to be charges involved and even a few of the zero fee sites then might not charge you for in fact buying and selling funds or etfs specific commodities individual stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand before you in fact begin buying copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s begin with fees actually crucial to understand these now on there’s a number of fees there isn’t costs to do with in fact buying and selling fine so commission charges are free however there are a number of other costs the very first one is withdrawal fees so you can clearly 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 in the future however when you want to withdraw your cash so you sell your shares you sell your commodities 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 obviously understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might say okay that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are simply among those choices that they have a great deal of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every six months you know depends entirely how you’re investing however that is a fee to bear in mind the second charge that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading 2 and 2 free trade anyone at all this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you sort of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee exists what are they in fact giving 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 need to pay their costs now the terrific aspect of however when you have actually converted your money you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s really excellent utilizing that part of their site won’t definitely restrict you in any way nevertheless we need to be aware of 2 other charges the first being what’s called spread fees all right and i’m going to reveal you what i mean on now a spread charge as i’m going to show you
on is generally the distinction that becomes part of the financial investment platform in between the buy rate and the sale price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that in fact indicates 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 again so the current rate of tesla is the worth of a share what’s called spread fees is the distinction then really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of make money from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you state okay well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction 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 costs it’s typically incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit money now the last feat is called an
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over night cost now this is actually crucial if you’re really utilizing cfds yourself too an overnight cost is when you’re not doing that buy sell transaction in the very same day fine there’s then an overnight charge charged or 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 actually buying out the etf the stock the product and using time one leverage which means you’re really buying the exact asset instead of utilizing leverage anyhow you will not get hit with these costs but these fees are if you’re utilizing utilize 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 info you can see precisely 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 just applies as i said to cfds there are some surcharges of course depending upon what you are investing in also this is on your own so keep that in mind but full charges are completely within their help details okay and we spoke about along with free to deposit in but there’s a five dollar charge if you wish 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 methods of in fact using these copy works they do not have any extra charges on top of the regular costs that
exist now what you require to keep in mind though is these possibly managed by other individuals entirely or often have developed portfolios you have actually got a genuine person doing the management you have to make certain you choose the individual that’s right for you much like any profession this is your monetary possessions 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 want to utilize this function we’ve got a number of different options for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun 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 imitate as if you are using your own cash but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is a great option for you once again to check the theories okay you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe play with it undoubtedly you may have missed out on gains and losses throughout that time obviously if you had actually invested your genuine cash it permits you to build confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i indicate by that clearly 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 means am i fine with possibly losing an excellent amount of this investment or gaining as
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well now keep in mind whatever is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 people will lose money but that similarly suggests they’ll lose eventually in their journey undoubtedly individuals do make money also and i’ve got videos all about how you can make sure you are among the people to actually generate income however in this circumstance make certain you research your danger level would you be all right offering your money to someone else which is efficiently what you’re doing and trusting them ensure you understand what they’re investing in totally if you’re someone who isn’t wanting to be that dangerous do not pick someone who’s completely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can really use this too really easily over here you can copy people now it will offer you a lot of choices and you can utilize the system to actually look for someone that you elegant in fact following so let’s see perhaps we want someone from joined kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everyone who has actually satisfied that requirements and it does offer you a threat aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have rather high returns
remember 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 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 validate are you alright with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she in fact buying 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 great to know ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine actually that i buy too which is excellent so actually for me knowing what i like to buy 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 likewise got a little bit more um of the kind of primary food companies and you’ve got you know pharmaceutical and production companies as that. Kucoin Vs Etoro Neo.
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