We get htis a lot on our site the answer to Bitpanda Vs Etoro….Concerns that i hear from brand-new investors what if you’re brand new to investing you just do not want to decide what you really want to invest and you want someone to do it for you there’s only a number of manner ins which that can take place the to start with you can hire an investment portfolio manager they’ll usually charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds specific funds are produced 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 too now if you’re brand new to a total please keep in mind this platform is rather sophisticated you can do cfds which of course 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 don’t simply assume because i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that alternative also so you in fact get used 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 of course your capital is at danger this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re talking about how to copy other people’s investments with your cash so obviously your capital is at risk and we need to bear that in mind do not simply do something because that person has said they’ve made profit 14 months in a row buy these options because you believe is the right ones for you and that 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 element 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 therefore that means with our money we can in fact say i wish to do precisely what that trader is doing or match that specific portfolio of options and basically every time they make a trade they buy they offer whatever they do your cash will be simulated with it so that means 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 also cover is the charges included really vital you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are real business that are investing they’re doing the buying 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 in fact buying and selling etfs or funds private commodities specific stocks.
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there’ll be fees on other parts possibly 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 reveal you the fees with in particular in this video the next would be things to know prior to you in fact begin buying copy trading or copy portfolios and finally some best suggestions best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s kick off with costs actually essential to comprehend these now on there’s a number of charges there isn’t costs to do with really buying and selling alright so commission costs are totally free nevertheless there are a couple of other charges the first one is withdrawal fees so you can clearly put money in now if you remain in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your cash so you sell your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might state fine that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are simply one of those alternatives that they have a great deal of platforms clearly 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 when every six months you understand depends completely how you’re investing however that is a charge to bear in mind the 2nd charge that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not an alternative 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 anyway or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading two and two open market anybody this is basic they have actually i expect stuck with whatever fee they charge for that conversion rate you kind of have to accept you know if you want 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 provide me us dollars instead you need to pay their costs now the excellent feature of though when you have actually 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 suggests the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s truly good utilizing that part of their website will not certainly limit you in any way nevertheless we have to understand 2 other fees the very first being what’s called spread charges okay and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you
on is basically the distinction that becomes part of the financial investment platform in between the buy cost and the list price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that actually suggests that when you want to purchase 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 difference then actually to purchase that share on the platform and you’ll find this everywhere 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 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 just 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 which is how they make a bit of cash on those spread out fees it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit cash now the last accomplishment is called an
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over night cost now this is truly crucial if you’re in fact utilizing cfds yourself too an overnight fee is when you’re refraining from doing that buy sell deal in the exact same day okay there’s then an overnight cost charged and even if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which means you’re actually buying the precise asset rather than utilizing leverage anyhow you won’t get hit with these fees but these fees are if you’re using leverage and cfds and after that you’re going to have these costs if you’re not buy selling in the exact same day so let’s state if you enter into the aid section this isn’t the over night fees details you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which just applies as i said to cfds there are some service charges naturally depending upon what you are purchasing too this is on your own so keep that in mind but complete fees are totally within their help information fine and we spoke about in addition to complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of in fact using these copy functions they don’t have any additional fees on top of the regular costs that
are there now what you require to remember though is these potentially managed by other individuals totally or sometimes have created portfolios you’ve got a real individual doing the management you need to make sure you choose the person that’s right for you just like any kind of work this is your monetary possessions so we definitely need to make certain it’s the right individual for us prior to 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 options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your credit card details or anything you can generally have this virtual portfolio mimic as if you are using your own money however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money maybe this is an excellent choice for you again to check the theories fine you might wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to kind of safe play with it certainly you may have missed out on gains and losses during that time naturally if you had actually invested your real money it allows you to construct self-confidence comprehend the platform so that’s one alternative 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 people and copy portfolios now here’s something to keep in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i suggest by that undoubtedly 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 indicates am i okay with possibly losing a good quantity 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 figure 75 individuals will lose money however that similarly suggests they’ll lose at some time in their journey certainly individuals do earn money also and i’ve got videos all about how you can ensure you are among the people to actually generate income however in this situation make certain you research study your threat level would you be okay providing your money to somebody else which is successfully what you’re doing and trusting them make certain you comprehend what they’re purchasing completely if you’re somebody who isn’t wanting to be that risky do not select someone who’s completely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong products
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like gold and even oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact utilize this too truly quickly over here you can copy individuals now it will offer you a lot of choices and you can use the system to actually look for someone that you elegant actually following so let’s see perhaps we desire someone from united kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has actually fulfilled that requirements and it does provide you a danger aspect as well 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 rather high returns
bear 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 could make four or minus 50 there’s no other way to ensure 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 validate are you okay with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she in fact buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got a few of mine actually that i buy too which is good so really for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s also got a bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production business as that. Bitpanda Vs Etoro.
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