We get htis a lot on our site the answer to Ethereum Wallet Vs Etoro….Concerns that i speak with new financiers what if you’re brand new to investing you merely do not wish to choose what you actually wish to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can happen the to start with you can employ a financial investment portfolio manager they’ll usually charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are created 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 keep in mind this platform is quite 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 about please do study the platform do not simply presume since i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they give that option also so you really get utilized 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 risk this is investing we’re doing you’re investing in real business if you choose to in this specific video we’re speaking about how to copy other individuals’s financial investments with your money so obviously your capital is at threat and we need to bear that in mind do not just do something because that individual has said they’ve made revenue 14 months in a row buy these options due to the fact that you believe is the best ones for you and that being stated let’s dive directly in [Music] so 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 most likely.
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famous for it’s the option 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 indicates with our money we can in fact say i wish to do exactly what that trader is doing or match that precise portfolio of choices and essentially each time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that means if for instance 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 actually critical you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the absolutely no charge sites then may not charge you for really buying and selling funds or etfs individual commodities private stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs 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 understand before you in fact start purchasing copy trading or copy portfolios and lastly some finest suggestions finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s kick off with costs actually crucial to comprehend these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling okay so commission costs are free however there are a number of other costs the first one is withdrawal fees so you can undoubtedly put cash in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your money so you sell 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 of course knowing that i’m going to make certain that i’m only withdrawing when i absolutely require to now you may state alright that’s rather pricey 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 simply among those choices 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 largely it can be maybe even once a year when every 6 months you know depends totally how you’re investing but that is a charge to remember the 2nd fee that i have actually touched upon is that conversion cost now with you’re handling us dollars only there’s not a choice to buy in euros or uk and that’s great that suits me.
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a lot 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 anyone so if you’re utilizing trading 2 and 2 free trade anybody this is basic they have actually i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you understand if you want to utilize their platform go from uk to us then that conversion fee exists what are they in fact giving 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 provide me us dollars rather you need to pay their charges now the terrific thing about however when you’ve converted your money you do not have to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that implies the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually great using that part of their site won’t definitely restrict you in any way nevertheless we need to understand two other costs the first being what’s called spread fees all right and i’m going to show you what i indicate on now a spread cost as i’m going to show you
on is essentially the difference that belongs to the financial investment platform in between the buy cost and the list price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that actually suggests that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the present price of tesla is the worth of a share what’s called spread costs is the difference then in fact to buy that share on the platform and you’ll find this all over this is another manner in which they make a small amount of benefit from you every time you do a buyer’s share so keep that in mind clearly it’s more costly to purchase than it is to sell so they’re going to give you less back with your sale and you say fine well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to offer it and that is how they make a bit of money on those spread fees it’s generally extremely small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit cash now the last task is called an
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over night fee now this is really essential if you’re in fact utilizing cfds yourself as well an overnight fee is when you’re not doing that buy offer deal in the same day alright there’s then an overnight charge charged or even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one take advantage of which suggests you’re actually purchasing the precise possession rather than using take advantage of anyway you won’t get hit with these charges however these costs 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 exact same day so let’s state if you go into the aid area this isn’t the over night charges details 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 applies as i said to cfds there are some additional charges naturally depending upon what you are investing in as well this is on your own so keep that in mind but complete fees are completely within their assistance information fine and we talked about as well as complimentary to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity 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 methods of actually utilizing these copy works they don’t have any extra costs on top of the regular fees that
exist now what you require to bear in mind though is these potentially managed by other individuals entirely or in some cases have developed portfolios you have actually got a real individual doing the management you have to ensure you pick the person that’s right for you much like any type of work this is your financial properties so we absolutely need to make sure it’s the best person for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of various alternatives for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash 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 won’t require to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash perhaps this is a great option for you once again to test the theories alright you might wish to purchase tesla or apple or this etf why not use the virtual option as a method to kind of safe have fun with it undoubtedly you might have lost out on gains and losses throughout that time obviously if you had invested your genuine cash it enables you to construct confidence understand the platform so that’s one alternative for you then next week and i’m going to return 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 choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i mean by that certainly 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 implies am i okay with potentially losing an excellent amount of this financial investment or getting as
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well now remember everything is downs and ups you will earn money you’ll lose money that’s why they make the fact 75 individuals will lose money but that similarly implies they’ll lose at some time in their journey certainly people do earn money as well and i have actually got videos all about how you can ensure you are among individuals to in fact earn money but in this situation make sure you research your danger level would you be alright providing your cash to someone else which is effectively what you’re doing and trusting them ensure you understand what they’re investing in totally if you’re somebody who isn’t wishing to be that risky don’t select somebody who’s entirely into crypto or currency conversion consider it you ‘d probably desire a foundation of strong products
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like gold and even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can actually use this too truly easily over here you can copy people now it will give you a great deal of choices and you can use the system to in fact look for someone that you fancy really following so let’s see perhaps we want somebody from united kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has actually satisfied that requirements and it does offer you a risk factor too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you all right 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 really deep dive into what is she actually purchasing 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 excellent to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is good so in fact for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she prefers she’s also got a bit more um of the type of primary food business and you’ve got you know pharmaceutical and production companies as that. Ethereum Wallet Vs Etoro.
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