Etoro Vs Gox – Ask Mary

We get htis a lot on our site the answer to Etoro Vs Gox….Concerns that i hear from new investors what if you’re brand new to investing you just don’t want to choose what you actually want to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can happen the first of all you can work with a financial investment portfolio manager they’ll normally charge a rather a high premium to do that possibly one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds particular funds are produced 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 an overall please remember 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 more about please do study the platform do not simply assume because 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 money they give that choice also so you actually 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 naturally your capital is at danger this is investing we’re doing you’re buying real companies if you choose to in this particular video we’re talking about how to copy other individuals’s financial investments with your money so clearly your capital is at threat and we have to bear that in mind do not just do something since that person has actually said they’ve made earnings 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] 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 alternative to see what other traders are doing incredible we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies 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 offer whatever they do your money will be simulated with it so that suggests if for instance 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 included actually crucial you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are real business 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 sites then might not charge you for in fact buying and selling funds or etfs specific products specific stocks.

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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 before you really begin buying copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s start with fees actually essential to understand these now on there’s a number of fees there isn’t costs to do with in fact buying and selling alright so commission charges are free nevertheless there are a number of other charges the first one is withdrawal costs so you can clearly put cash in now if you remain in the uk we put our uk cash.

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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 wish to withdraw your cash so you offer your shares you sell 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 understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you may say fine that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are simply among those alternatives that they have a lot of platforms clearly 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 once every six months you understand depends entirely how you’re investing but that is a cost to keep in mind the 2nd fee that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’s great that matches me.

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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re utilizing trading two and 2 free trade anyone at all this is basic they have actually i expect stuck with whatever fee they charge for that conversion rate you kind of need to accept you know if you want to utilize their platform go from uk to us then that conversion fee exists what are they actually offering you in terms of 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 offer me us dollars instead you have to pay their charges now the great thing about though when you’ve transformed your money you do not need to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that means the initial day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s really good utilizing that part of their website will not certainly limit you in any way however we have to understand two other fees the very first being what’s called spread charges all right and i’m going to show you what i imply on now a spread fee as i’m going to show you

on is basically the difference that is part of the investment platform between the buy cost and the sale price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that actually indicates that when you wish to sell or buy as you can see it’s not the cost you’re seeing up here let me reveal you that again so the present price of tesla is the worth of a share what’s called spread fees is the difference then actually to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you each time you do a buyer’s share so keep that in mind obviously it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you say alright well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction in 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 out costs it’s generally extremely little it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit cash now the last feat is called an

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over night fee now this is actually essential if you’re really utilizing cfds yourself too an overnight charge is when you’re not doing that buy offer deal in the exact same day alright there’s then an overnight cost charged and even if you go from the friday to the monday prior to cruising a weekend fee 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 implies you’re really purchasing the exact property instead of utilizing take advantage of anyhow you won’t get hit with these fees but these fees are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you go into the aid area this isn’t the over night costs info 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 overnight or you’re doing over weekends and that just uses as i stated to cfds there are some service charges of course depending on what you are buying as well this is on your own so keep that in mind but complete costs are completely within their assistance information okay and we spoke about along with complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of actually utilizing these copy operates they don’t have any additional fees on top of the typical costs that

are there now what you require to bear in mind though is these potentially handled by other individuals entirely or in some cases have developed portfolios you’ve got a real person doing the management you have to make certain you choose the person that’s right for you much like any profession this is your monetary properties 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 different alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash but really purchase pretend buy copy people whatever you like if you’re not

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feeling comfy with using your genuine cash possibly this is a great option for you again to test the theories fine you may want to buy tesla or apple or this etf why not utilize the virtual choice as a method to type of safe have fun with it certainly you might have missed out on gains and losses during that time naturally if you had invested your genuine cash it permits you to construct confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my genuine 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 prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger 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 investments the riskier you can be run the risk of just means am i fine with possibly losing an excellent quantity of this financial investment or getting as

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well now remember whatever is ups and downs you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose money but that similarly implies they’ll lose at some point in their journey certainly individuals do earn money too and i’ve got videos all about how you can make sure you are among the people to in fact generate income however in this situation make certain you research study your danger level would you be okay offering your cash to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous do not select somebody 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 even oil plus more standard etfs and index funds you might 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 offer you a lot of choices and you can use the system to in fact look for someone that you expensive actually following so let’s see possibly we want someone from joined kingdom um who invests in let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has actually met that requirements and it does offer you a danger element 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’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to guarantee 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 validate are you all right with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can actually 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 good to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine actually that i purchase too which is great so really for me knowing 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 seems to be what she chooses she’s also got a little bit more um of the kind of primary food companies and you have actually got you understand pharmaceutical and production business as that. Etoro Vs Gox.

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