Cexio Vs Etoro – Ask Mary

We get htis a lot on our site the answer to Cexio Vs Etoro….Concerns that i hear from new financiers what if you’re brand new to investing you just do not want to decide what you in fact wish to invest and you desire someone to do it for you there’s only a couple of manner ins which that can take place the to start with you can hire an investment portfolio manager they’ll generally 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 naturally you can buy mutual funds particular funds are developed once 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 bear in mind this platform is rather advanced you can do cfds which naturally cfds are ways of investing

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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform don’t simply presume because i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they consider that choice too so you in fact get used to the structure of the website and then when you’re ready to use your own cash 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 real business if you select to in this specific video we’re speaking about how to copy other individuals’s investments with your money so obviously your capital is at risk and we need to bear that in mind do not just do something since that person has actually stated they’ve made earnings 14 months in a row buy these options because you think is the ideal ones for you which being stated let’s dive directly in [Music] The things we’re going to cover in this video is understanding 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 incredible we do not usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our money we can really say i want to do precisely what that trader is doing or match that exact portfolio of choices and basically whenever they make a trade they buy they sell whatever they do your money will be mimicked with it so that means if for instance 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 involved truly vital you understand what are the expenses of this now with any platform there will be some expense to certainly 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 some of the zero fee websites then may not charge you for actually buying and selling etfs or funds private commodities individual stocks.

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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees 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 understand prior to you in fact start buying copy trading or copy portfolios and finally some best advice best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with fees actually crucial to understand these now on there’s a number of costs there isn’t fees to do with actually buying and selling alright so commission charges are complimentary however there are a number of other costs the first one is withdrawal charges so you can certainly put cash in now if you’re in the uk we put our uk money.

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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your money so you offer 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 obviously knowing that i’m going to ensure that i’m only withdrawing when i absolutely require to now you might state all right that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are just one of those choices that they have a great deal of platforms obviously are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every six months you know depends totally how you’re investing however that is a charge to bear in mind the 2nd charge that i’ve discussed is that conversion fee now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s fine that suits me.

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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading two and two free trade anyone at all this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you kind of need to accept you understand if you wish to use 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 bargain with them you can’t go to the bank and say offer me us dollars instead you need to pay their costs now the fantastic thing about though when you’ve converted your cash you do not need to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the initial 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 charges so that’s really excellent utilizing that part of their website won’t definitely restrict you in any way however we have to understand 2 other charges the very first being what’s called spread costs okay and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you

on is generally the distinction that becomes part of the investment platform between the buy rate 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 right now tesla’s dollar worth 599 per share in tesla that really implies that when you wish to offer or purchase as you can see it’s not the price you’re seeing up here let me show you that again so the existing cost of tesla is the worth of a share what’s called spread costs is the difference then actually to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you whenever you do a purchaser’s share so keep that in mind certainly it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you state all right well why does that happen it simply 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 little bit of cash on those spread costs it’s typically incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit cash now the last feat is called an

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over night cost now this is really important if you’re in fact using cfds yourself also an over night charge is when you’re refraining from doing that buy offer deal in the same day all right there’s then an over night fee charged or perhaps if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which suggests you’re really purchasing the precise possession instead of using utilize anyhow you won’t get hit with these charges however these fees are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s state if you go into the help area this isn’t the overnight fees information you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which just uses as i said to cfds there are some surcharges naturally depending upon what you are purchasing also this is on your own so keep that in mind but full fees are completely within their aid details all right and we spoke about as well as free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various methods of really using these copy works they do not have any additional costs on top of the regular costs that

are there now what you require to bear in mind though is these potentially managed by other people entirely or often have actually developed portfolios you have actually got a genuine person doing the management you have to make sure you pick the person that’s right for you just like any profession this is your monetary assets so we absolutely require to make certain it’s the best person for us prior to we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of various options for us to start with 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 money that you’re investing you will not require to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash however really purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with utilizing your genuine cash maybe this is a terrific alternative for you again to test the theories okay you may wish to buy tesla or apple or this etf why not use the virtual option as a method to type of safe have fun with it certainly you might have lost out on gains and losses during that time naturally if you had invested your genuine money it enables you to develop confidence understand 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 really 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 indicate by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk just suggests am i fine with potentially losing a good quantity of this investment or acquiring as

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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose cash but that similarly means they’ll lose at some point in their journey obviously individuals do generate income too and i have actually got videos everything about how you can make certain you’re one of individuals to in fact earn money but in this situation ensure you research your risk level would you be okay providing your money to somebody else which is successfully what you’re doing and trusting them ensure you comprehend what they’re investing in completely if you’re somebody who isn’t wishing to be that dangerous do not choose somebody who’s completely into crypto or currency conversion think of it you ‘d most likely want a backbone of strong commodities

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like gold or 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 really use this too really quickly over here you can copy people now it will provide you a lot of choices and you can utilize the system to actually search for somebody that you expensive really following so let’s see possibly we desire somebody from unified kingdom um who buys let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has actually fulfilled that requirements and it does offer you a threat factor also 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 resembles anything to do with the news or forecasts 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 easy as clicking the copy button and off you go and after that you know ask you to verify are you fine with this and off you go now another method 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 actually investing in 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 excellent to understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is excellent so in fact for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the kind of primary food business and you’ve got you understand pharmaceutical and production companies as that. Cexio Vs Etoro.

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