We get htis a lot on our site the answer to Safety Etoro Vs Exodus Wallet….Concerns that i speak with new investors what if you’re brand new to investing you simply don’t want to decide what you actually want to invest and you want somebody to do it for you there’s only a number of manner ins which that can occur the to start with you can work with a financial investment portfolio manager they’ll generally charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is of course you can purchase mutual funds particular funds are produced 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 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 actually having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just presume because 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 cash they consider that option also so you actually get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying real companies if you select to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so clearly your capital is at danger and we have to bear that in mind do not just do something because that individual has said they’ve made revenue 14 months in a row buy these options due to the fact that you believe is the ideal ones for you which being said let’s dive directly 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 aspect that is probably.
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popular for it’s the alternative to see what other traders are doing unbelievable we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can in fact say i want to do exactly what that trader is doing or match that precise portfolio of options and essentially each time they make a trade they buy they sell whatever they do your money will be mimicked 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 likewise cover is the charges involved truly vital you comprehend what are the costs of this now with any platform there will be some expense to clearly 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 might not charge you for actually buying and selling etfs or funds specific products private stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to understand before you actually begin buying copy trading or copy portfolios and finally some best suggestions finest practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s kick off with charges actually essential to understand these now on there’s a number of costs there isn’t costs to do with in fact buying and selling fine so commission fees are totally free nevertheless there are a couple of other fees the first one is withdrawal fees so you can undoubtedly put money in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later 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 of course knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you might say alright that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are just among those choices that they have a great deal of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every six months you understand depends completely how you’re investing but that is a fee to remember the 2nd charge that i have actually discussed is that conversion charge now with you’re handling us dollars only there’s not an option to purchase in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even 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 2 free trade anybody this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you type of need to accept you understand if you want to utilize their platform go from uk to us then that conversion charge exists what are they actually 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 provide me us dollars rather you have to pay their costs now the excellent thing about however when you have actually converted your money you do not have to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s truly good using that part of their site will not definitely restrict you in any way however we need to know 2 other charges the first being what’s called spread charges okay and i’m going to reveal you what i mean on now a spread cost as i’m going to reveal you
on is essentially the distinction that becomes part of the financial investment platform in between the buy price and the price okay it’s their premium on doing both those two 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 suggests that when you want to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the existing rate of tesla is the value of a share what’s called spread charges is the distinction then really to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of benefit from you each time you do a buyer’s share so keep that in mind certainly it’s more expensive to purchase than it is to sell so they’re going to give you less back with your sale and you say all right well why does that occur it simply does that is the nature of a lot 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 charges it’s normally exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a bit money now the last task is called an
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overnight fee now this is actually crucial if you’re in fact utilizing cfds yourself too an over night cost is when you’re not doing that buy sell transaction in the same day fine there’s then an over night fee charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which suggests you’re actually buying the precise property rather than using take advantage of anyhow you will not get hit with these charges however these costs are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s say if you enter into the aid area this isn’t the overnight costs info 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 overnight or you’re doing over weekends which only uses as i stated to cfds there are some service charges naturally depending on what you are buying too this is on your own so keep that in mind however full costs are totally within their aid info okay and we talked about along with totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of actually utilizing these copy operates they do not have any additional costs on top of the normal charges that
exist now what you require to remember though is these possibly handled by other individuals completely or often have actually developed portfolios you have actually got a real person doing the management you have to make sure you select the person that’s right for you much like any profession this is your financial possessions so we definitely need to ensure it’s the right individual for us prior to we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of different alternatives for us to start with if you’re brand new to investing i wish 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 credit card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own money however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine cash perhaps this is a great choice for you again to evaluate the theories fine you may want to purchase tesla or apple or this etf why not use the virtual alternative as a method to type of safe have fun with it obviously you may have lost out on gains and losses during that time obviously if you had invested your real money it allows you to build confidence comprehend 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 individuals and copy portfolios now here’s something to remember before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat 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 financial investments the riskier you can be risk just implies am i fine with possibly losing a good amount of this investment or gaining as
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well now remember whatever is downs and ups you will earn money you’ll lose cash that’s why they make the statistic 75 individuals will lose money however that similarly implies they’ll lose eventually in their journey certainly people do make money too and i have actually got videos all about how you can make sure you are among the people to really make money but in this circumstance ensure you research study your danger level would you be fine providing your money to somebody else which is successfully what you’re doing and trusting them make sure you understand what they’re investing in totally if you’re someone who isn’t wishing to be that dangerous do not select somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong commodities
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like gold or even 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 state you can in fact utilize this too really easily over here you can copy people now it will provide you a great deal of choices and you can use the system to in fact look for somebody that you fancy actually following so let’s see possibly we want someone from unified kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has actually met that criteria and it does give you a threat element as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of people that have quite high returns
remember it’s like 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 could make four or minus 50 there’s no other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you alright with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she actually investing in 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 good to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got a few of mine really that i buy too which is excellent so in fact for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s likewise got a bit more um of the kind of main food business and you have actually got you know pharmaceutical and production companies as that. Safety Etoro Vs Exodus Wallet.
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