We get htis a lot on our site the answer to Voyager Vs Etoro….Questions that i hear from new financiers what if you’re brand new to investing you merely do not want to choose what you really want to invest and you desire somebody to do it for you there’s just a couple of ways that that can take place the first of all you can work with a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is of course you can purchase mutual funds specific funds are created 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 also now if you’re brand new to a total please bear in mind this platform is rather innovative you can do cfds which naturally cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning about please do study the platform do not simply presume since i use it that you can use 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 in fact 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 risk this is investing we’re doing you’re investing in real companies if you select to in this specific video we’re talking about how to copy other people’s financial investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not just do something because that person has stated they’ve made profit 14 months in a row purchase these choices due to the fact that you believe is the ideal ones for you and that being said let’s dive straight in [Music] so the 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 probably.
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popular for it’s the alternative to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can actually state i wish to do precisely what that trader is doing or match that precise portfolio of options and essentially each time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that suggests 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 also cover is the charges included really important you understand what are the costs of this now with any platform there will be some expense to certainly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the absolutely no fee websites then may not charge you for really buying and selling funds or etfs individual commodities specific 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 sort of costs 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 actually start purchasing copy trading or copy portfolios and lastly some best advice best practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s kick off with costs really important to understand these now on there’s a number of costs there isn’t charges to do with actually buying and selling alright so commission charges are free however there are a number of other charges the very first one is withdrawal charges so you can certainly put money in now if you’re 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 but when you wish to withdraw your money so you sell your shares you offer your products 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 obviously knowing that i’m going to make sure that i’m just withdrawing when i definitely need to now you may say alright 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 costs are just one of those choices that they have a lot of platforms clearly are complimentary 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 once every 6 months you understand depends totally how you’re investing however that is a charge to bear in mind the 2nd fee 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 which’s great that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading 2 and 2 open market anybody this is standard they have actually i suppose stuck with whatever fee they charge for that conversion rate you type of need to accept you know if you wish to utilize their platform go from uk to us then that conversion cost is there what are they really 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 terrific feature of however when you have actually transformed your cash you do not need 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 preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s truly good using that part of their site will not certainly limit you in any way nevertheless we have to be aware of two other charges the first being what’s called spread fees okay and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you
on is essentially the distinction that becomes part of the investment platform between the buy cost and the sale 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 value 599 per share in tesla that in fact indicates that when you wish to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current price of tesla is the value of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll discover this all over this is another way that they make a percentage of make money from you each time you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase 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 just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to sell it which is how they make a little bit of cash on those spread out costs it’s usually exceptionally 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 fee now this is really crucial if you’re actually using cfds yourself too an over night cost is when you’re not doing that buy offer deal in the exact same day okay there’s then an over night fee charged and even 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 means you’re in fact purchasing the specific asset rather than using utilize anyway you will not get hit with these charges however these costs are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s say if you go into the aid section this isn’t the over night costs information 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 over night 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 as well this is on your own so keep that in mind but complete charges are completely within their help information okay and we spoke about along with totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of really using these copy works they don’t have any additional charges on top of the regular costs that
exist now what you need to remember though is these possibly handled by other individuals completely or sometimes have actually produced portfolios you have actually got a genuine person doing the management you have to make certain you choose the person that’s right for you similar to any profession this is your monetary assets so we absolutely require to make certain it’s the right person for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of various options for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money 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 will not 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 but really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money perhaps this is a great option for you again to evaluate the theories alright you might wish to purchase tesla or apple or this etf why not use the virtual choice as a method to sort of safe have fun with it certainly you may have missed out on gains and losses during that time obviously if you had actually invested your real money it enables you to develop confidence comprehend the platform so that’s one option for you then next week and i’m going to return 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 bear in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i imply 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 risk just suggests am i fine with possibly losing an excellent amount of this financial investment or gaining as
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well now keep in mind everything is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose money however that similarly implies they’ll lose at some point in their journey certainly individuals do make money also and i’ve got videos everything about how you can ensure you are among the people to really earn money however in this situation make sure you research your danger level would you be all right providing your money to another person which is successfully what you’re doing and trusting them ensure you comprehend what they’re investing in completely if you’re someone who isn’t wishing to be that dangerous do not pick somebody who’s entirely into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities
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like gold and even oil plus more standard etfs and index funds you might 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 use this too actually easily over here you can copy individuals now it will provide you a lot of choices and you can use the system to in fact look for someone that you elegant in fact following so let’s see perhaps we want someone from joined kingdom um who buys let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has met that requirements and it does offer you a threat element also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns
bear in mind it resembles 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 might make 4 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 way to actually deep dive if we click on this person for instance 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 little bit so that’s excellent 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 purchase too which is great so really for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s also got a bit more um of the type of main food business and you’ve got you understand pharmaceutical and production companies as that. Voyager Vs Etoro.
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