We get htis a lot on our site the answer to Etoro Vs Coins Ph….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply don’t wish to decide what you really wish to invest and you desire somebody to do it for you there’s just a number of ways that that can occur the to start with you can employ an investment portfolio manager they’ll usually charge a rather a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific 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 too now if you’re brand new to an overall please keep in mind this platform is rather innovative you can do cfds which of course cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning more about please do study the platform do not just presume since i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they give that option too so you really get used to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re buying genuine companies if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not just do something because that person has actually stated they’ve made profit 14 months in a row invest in these options because you believe is the best ones for you and that being stated 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 becomes part of social trading which is one element that is most likely.
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well-known for it’s the option to see what other traders are doing unbelievable we do not generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can actually state i want to do precisely what that trader is doing or match that specific portfolio of alternatives and basically every time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that implies if for example 10 of their financial 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 included really important you understand what are the expenses of this now with any platform there will be some cost to clearly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the no charge sites then may not charge you for really buying and selling funds or etfs individual commodities specific stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs 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 know before you in fact begin buying copy trading or copy portfolios and lastly some best guidance 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 costs actually crucial to comprehend these now on there’s a couple of costs there isn’t costs to do with really buying and selling fine so commission costs are free nevertheless there are a couple of other charges the first one is withdrawal costs so you can clearly put cash in now if you’re 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 on but when you want to withdraw your cash so you offer your shares you sell your products whatever you’re selling 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 make sure that i’m just withdrawing when i absolutely require to now you may say alright that’s quite 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 fees are just among those alternatives that they have a lot of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every six months you understand depends completely how you’re investing however that is a fee to keep in mind the 2nd charge that i have actually discussed is that conversion fee now with you’re dealing in us dollars only there’s not a choice 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 anyway or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading two and two open market anybody this is standard they have i expect stuck with whatever fee they charge for that conversion rate you type of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost exists 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 terrific thing about however when you have actually transformed 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 means the preliminary 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 charges so that’s truly good using that part of their website will not definitely restrict you in any way nevertheless we need to know two other charges the first being what’s called spread costs alright and i’m going to show you what i imply on now a spread fee as i’m going to reveal you
on is basically the distinction that is part of the investment platform in between the buy cost and the price alright it’s their premium on doing both those 2 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 really suggests that when you want to buy or offer as you can see it’s not the cost you’re seeing up here let me show you that once again so the present rate of tesla is the worth of a share what’s called spread charges is the distinction then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind clearly it’s more expensive to purchase than it is to offer so they’re going to offer you less back with your sale and you say all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference 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 charges it’s typically 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 bit money now the last accomplishment is called an
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over night charge now this is truly important if you’re really utilizing cfds yourself also an over night charge is when you’re not doing that buy sell deal in the same day okay there’s then an over night charge charged or even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which implies you’re actually buying the exact possession instead of using take advantage of anyhow you won’t get hit with these costs but these charges are if you’re utilizing take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you go into the aid section this isn’t the over night charges information 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 said to cfds there are some service charges obviously depending on what you are purchasing too this is on your own so keep that in mind however full costs are completely within their aid details fine and we talked about along with 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 five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different ways of in fact utilizing these copy operates they don’t have any additional fees on top of the regular fees that
exist now what you require to remember though is these potentially handled by other people completely or in some cases have actually developed portfolios you’ve got a real individual doing the management you need to make sure you choose the individual that’s right for you much like any type of work this is your monetary possessions so we definitely require to ensure it’s the right individual for us before we copy them so the first things i would call it if you do want to use this function we have actually got a number of different choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are using your own cash however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine cash perhaps this is a great option for you again to test the theories okay you may want to buy tesla or apple or this etf why not utilize the virtual option as a method to kind of safe have fun with it certainly you may have lost out on gains and losses throughout that time of course if you had actually invested your genuine 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 individuals and copy portfolios now here’s something to keep in mind before you pick someone 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 certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just indicates am i okay with possibly losing a great amount of this investment or gaining as
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well now keep in mind everything is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose money but that similarly implies they’ll lose eventually in their journey undoubtedly people do earn money also and i have actually got videos everything about how you can make certain you are among individuals to really earn money however in this scenario ensure you research your danger level would you be fine offering your cash to someone else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re buying totally if you’re somebody who isn’t wanting to be that risky don’t choose somebody who’s entirely into crypto or currency conversion consider it you ‘d probably want a backbone of strong products
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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 exact same with who you’re following now as i state you can really utilize this too really quickly over here you can copy people now it will give you a lot of options and you can use the system to actually search for somebody that you fancy really following so let’s see perhaps we want someone from joined kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds a great quantity and i can find everyone who has actually met that criteria and it does offer you a danger factor also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of people that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they might make four 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 after that you understand ask you to confirm are you fine with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she in fact purchasing 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 excellent to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got a few of mine really that i invest in too which is excellent so actually for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s likewise got a little bit more um of the sort of main food companies and you have actually got you understand pharmaceutical and production companies as that. Etoro Vs Coins Ph.
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