We get htis a lot on our site the answer to Etoro Vs Coindesk Vs Kraken….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t want to choose what you really want to invest and you desire someone to do it for you there’s just a couple of manner ins which that can happen the firstly you can hire an investment portfolio supervisor they’ll generally charge a rather a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds specific funds are developed 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 also now if you’re brand new to an overall please keep in mind this platform is quite innovative 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 about please do study the platform do not simply assume 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 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 purchasing real companies if you choose to in this particular video we’re discussing how to copy other individuals’s investments with your cash so clearly your capital is at risk and we have to bear that in mind do not simply do something since that individual has actually stated they have actually made earnings 14 months in a row invest in these options since you think is the ideal ones for you which being said let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is most likely.
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well-known for it’s the option to see what other traders are doing amazing we don’t 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 cash we can in fact state i want to do exactly what that trader is doing or match that exact portfolio of options and generally each time they make a trade they buy they offer whatever they do your money will be mimicked with it so that means if for instance 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 charges involved truly crucial you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no fee websites then may not charge you for really buying and selling etfs or funds specific commodities private stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of fees 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 prior to you really start buying copy trading or copy portfolios and finally some best recommendations 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 actually crucial to understand these now on there’s a number of fees there isn’t charges to do with really buying and selling okay so commission charges are free nevertheless there are a number of other fees the very first one is withdrawal costs so you can clearly put cash in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your cash so you sell your shares you offer your commodities whatever you’re selling 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 make certain that i’m only withdrawing when i definitely need to now you may state fine that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are simply among those options that they have a lot of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every 6 months you understand depends totally how you’re investing however that is a charge to remember the 2nd fee that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s fine that fits 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 utilizing trading two and 2 free trade anyone at all this is basic they have i suppose stuck with whatever fee 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 fee is there what are they actually offering you in regards to 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 instead you need to pay their charges now the fantastic aspect of however when you’ve converted your money you do not have to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s truly excellent utilizing that part of their website will not certainly restrict you in any way nevertheless we have to be aware of 2 other charges the first being what’s called spread fees fine and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is essentially the distinction that is part of the 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 site today tesla’s dollar worth 599 per share in tesla that in fact implies that when you wish to purchase or sell as you can see it’s not the price you’re seeing up here let me reveal you that again so the present price of tesla is the worth of a share what’s called spread costs is the distinction then really to buy 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 undoubtedly it’s more pricey to purchase than it is to offer so they’re going to provide 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 want to offer it and that is how they make a bit of cash on those spread costs it’s usually 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 little bit cash now the last feat is called an
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overnight cost now this is actually crucial if you’re in fact using cfds yourself too an over night cost is when you’re refraining from doing that buy offer deal in the very same day all right there’s then an overnight cost charged or perhaps if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which indicates you’re really buying the precise possession instead of using leverage anyway you will not get hit with these fees but these fees are if you’re utilizing take advantage of and cfds and then 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 area this isn’t the over night costs details you can see exactly the breakdown and it’ll tell 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 stated 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 complete charges are completely within their help details fine and we spoke about as well as complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of actually utilizing these copy works they don’t have any additional costs on top of the normal costs that
are there now what you require to keep in mind though is these potentially handled by other individuals entirely or often have produced portfolios you’ve got a real person doing the management you need to make certain you select the individual that’s right for you just like any profession this is your financial possessions so we absolutely require to make sure it’s the right person for us before we copy them so the first things i would call it if you do want to use this function we’ve got a couple of different alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual ways i believe 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 information or anything you can basically have this virtual portfolio imitate as if you are using your own cash but really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash maybe this is an excellent option for you again to evaluate the theories okay you may wish to buy tesla or apple or this etf why not use the virtual option as a method to kind of safe play with it clearly you might have lost out on gains and losses during that time obviously if you had actually invested your genuine cash it permits 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 in fact how to copy individuals and copy portfolios now here’s something to remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i mean by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply suggests am i fine with possibly losing an excellent quantity of this investment or getting as
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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 people will lose cash but that equally implies they’ll lose at some time in their journey undoubtedly people do generate income too and i have actually got videos all about how you can make certain you’re one of individuals to actually generate income however in this circumstance make sure you research study your danger level would you be all right offering your cash to someone else which is successfully what you’re doing and trusting them ensure you comprehend what they’re purchasing completely 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 of it you ‘d probably want a foundation of strong products
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like gold or even oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually use this too actually quickly over here you can copy individuals now it will give you a lot of choices and you can use the system to in fact look for somebody that you fancy in fact following so let’s see possibly we want someone from united kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a great quantity and i can find everyone who has fulfilled that requirements and it does give you a threat factor too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns
keep in mind it resembles 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 could make 4 or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to confirm are you fine with this and off you go now another method to really deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she really buying so let’s enter 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 certainly like kind of into those blue box and the tech market she’s got some of mine really that i buy too which is good so actually for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s also got a bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Etoro Vs Coindesk Vs Kraken.
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