We get htis a lot on our site the answer to Etoro Pro Vs Kraken….Concerns that i hear from new investors what if you’re brand new to investing you just don’t wish to choose what you in fact want to invest and you want somebody to do it for you there’s just a couple of manner ins which that can happen the to start with you can hire an investment portfolio manager they’ll normally charge a quite 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 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 a total please keep in mind this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform do not simply assume due to the fact that 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 money they consider that choice too so you really get utilized to the structure of the website 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 danger 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 certainly your capital is at danger and we have to bear that in mind do not just do something because that individual has stated they’ve made earnings 14 months in a row buy these options because you think is the best ones for you which 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 belongs to social trading which is one aspect that is most likely.
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famous for it’s the choice to see what other traders are doing unbelievable we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can in fact state i want to do exactly what that trader is doing or match that exact portfolio of alternatives and basically whenever they make a trade they purchase they sell whatever they do your money will be imitated with it so that suggests if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees involved actually important you comprehend what are the costs of this now with any platform there will be some expense to certainly these are genuine 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 actually buying and selling etfs or funds specific 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 kinds of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand prior to you really start purchasing copy trading or copy portfolios and finally some finest guidance finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s kick off with charges actually important to comprehend these now on there’s a number of costs there isn’t charges to do with really buying and selling okay so commission costs are free nevertheless there are a number of other fees the very first one is withdrawal costs so you can certainly put cash in now if you remain 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 however when you wish to withdraw your cash so you sell your shares you offer your products 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 make sure that i’m just withdrawing when i absolutely require to now you might say alright that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are simply one of 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 as soon as every six months you understand depends completely how you’re investing however that is a charge to bear in mind the second cost that i have actually discussed is that conversion charge now with you’re handling us dollars only there’s not an option to buy in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyway 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 utilize anybody so if you’re utilizing trading two and 2 free trade anyone at all this is basic they have i expect stuck to whatever cost they charge for that conversion rate you sort of have to accept you understand if you want to use their platform go from uk to us then that conversion fee exists what are they actually giving you in terms of 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 instead you have to pay their costs now the excellent feature of 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 money dollars for as long as you like so that suggests 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 extra charges so that’s really good using that part of their site will not certainly restrict you in any way nevertheless we have to be aware of 2 other costs the very first being what’s called spread costs fine and i’m going to show you what i suggest on now a spread fee as i’m going to show you
on is generally the distinction that belongs to 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 right now tesla’s dollar value 599 per share in tesla that in fact indicates that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me show you that again so the present rate of tesla is the worth of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of benefit from you whenever you do a purchaser’s share so keep that in mind undoubtedly 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 fine well why does that occur 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 want to offer it and that is how they make a bit of money on those spread costs it’s usually exceptionally 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 fee now this is really crucial if you’re really using cfds yourself as well an over night fee is when you’re refraining from doing that buy offer transaction in the very same day all right there’s then an overnight fee charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one utilize which indicates you’re in fact purchasing the specific property instead of utilizing leverage anyway you will not get hit with these fees however these fees are if you’re using utilize 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 enter into the help 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 only uses as i said to cfds there are some additional charges obviously depending on what you are investing in too this is on your own so keep that in mind but full fees are completely within their assistance information all right and we spoke about in addition to totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of in fact using these copy functions they do not have any additional costs on top of the normal charges that
exist now what you need to bear in mind though is these potentially managed by other individuals entirely or sometimes have actually produced portfolios you’ve got a real person doing the management you need to ensure you pick the individual that’s right for you similar to any type of work this is your financial possessions so we absolutely need to make certain it’s the ideal individual 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 couple of different choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your credit card details or anything you can essentially have this virtual portfolio simulate 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 cash perhaps this is a terrific choice for you again to test the theories alright you might want to buy tesla or apple or this etf why not utilize the virtual choice as a way to type of safe play with it undoubtedly you might have lost out on gains and losses during that time of course if you had invested your genuine cash it permits you to build confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy individuals 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 certain you comprehend 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 financial investments the riskier you can be risk just means am i alright with potentially losing a great amount of this financial investment or gaining as
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well now keep in mind everything is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 people will lose cash however that equally indicates they’ll lose at some time in their journey undoubtedly individuals do make money too and i have actually got videos all about how you can make certain you are among the people to really make money but in this situation ensure you research your danger level would you be all right offering your money to another person which is effectively what you’re doing and trusting them make sure you comprehend what they’re purchasing completely if you’re someone who isn’t wishing to be that dangerous don’t choose someone who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually use this too truly quickly over here you can copy people now it will give you a lot of choices and you can utilize the system to actually search for someone that you fancy in fact following so let’s see possibly we want someone from unified kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can find everyone who has actually satisfied that requirements and it does provide you a danger element as well so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns
remember it’s like anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to verify are you alright with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really buying 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 know ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got some of mine really that i buy too which is good so really 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 business that appears to be what she prefers she’s likewise got a bit more um of the sort of primary food business and you’ve got you know pharmaceutical and production companies as that. Etoro Pro Vs Kraken.
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