We get htis a lot on our site the answer to Etoro Vs Robinhood Crypto Currenci….Concerns that i hear from brand-new financiers 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 only a couple of ways that that can occur the to start with you can employ an investment portfolio supervisor they’ll generally charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is obviously you can purchase mutual funds particular funds are created 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 as well now if you’re brand new to a total please remember this platform is rather innovative 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 just presume due to the fact that i utilize 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 as well so you really 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 of course your capital is at danger this is investing we’re doing you’re purchasing real companies if you select to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so clearly your capital is at threat and we have to bear that in mind do not simply do something since that person has said they’ve made profit 14 months in a row purchase these choices due to the fact that you think is the right 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 most likely.
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well-known for it’s the option to see what other traders are doing amazing we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and generally each time they make a trade they buy they offer whatever they do your cash 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 costs involved really crucial you comprehend what are the costs of this now with any platform there will be some cost to obviously 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 zero charge sites then may not charge you for in fact buying and selling etfs or funds individual products individual stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges 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 know prior to you really begin purchasing copy trading or copy portfolios and finally some finest guidance best practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s begin with costs actually essential to understand these now on there’s a number of charges there isn’t fees to do with in fact buying and selling alright so commission costs are free nevertheless there are a number of other charges the very first one is withdrawal costs so you can certainly put money in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash so you sell your shares you sell 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 understanding that i’m going to make sure that i’m just withdrawing when i definitely require to now you might say okay that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are just among those alternatives that they have a great deal of platforms undoubtedly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every six months you understand depends completely how you’re investing but that is a charge to keep in mind the second charge that i have actually touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk and that’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and two free trade anyone at all this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you sort of have to accept you understand if you wish to use their platform go from uk to us then that conversion cost is there what are they really 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 state provide me us dollars rather you have to pay their fees now the fantastic aspect of though when you have actually converted your cash you do not have to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that means the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s truly excellent using that part of their site will not certainly restrict you in any way however we need to understand 2 other charges the very first being what’s called spread charges alright and i’m going to show you what i imply on now a spread cost as i’m going to show you
on is basically the difference that is part of the investment platform between the buy price and the list price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that actually means that when you wish to purchase 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 existing price of tesla is the worth of a share what’s called spread fees is the difference then actually to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to sell so they’re going to offer 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 sell it and that is how they make a bit of cash on those spread out costs it’s typically incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a bit money now the last task is called an
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overnight fee now this is truly important if you’re really utilizing cfds yourself too an overnight fee is when you’re refraining from doing that buy sell transaction in the very same day alright there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one utilize which means you’re actually purchasing the specific possession rather than utilizing utilize anyhow you won’t get hit with these charges however these costs are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you go into the assistance area this isn’t the overnight costs details you can see precisely 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 only uses as i said to cfds there are some additional charges obviously depending on what you are purchasing also this is on your own so keep that in mind however complete fees are completely within their aid details fine and we talked about along with free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two various ways of actually utilizing these copy functions they don’t have any additional costs on top of the typical charges that
exist now what you need to remember though is these potentially managed by other people completely or often have developed portfolios you have actually got a real person doing the management you need to make certain you pick the person that’s right for you just like any kind of work this is your financial assets so we definitely require to ensure it’s the best person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of various alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your credit card details or anything you can generally have this virtual portfolio mimic 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 genuine money perhaps this is a great option for you once again to evaluate the theories okay you may want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe play with it obviously you might have lost out on gains and losses throughout that time obviously if you had actually invested your real 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 return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger 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 simply implies am i alright with potentially losing an excellent quantity of this investment or getting as
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well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 people will lose cash but that equally means they’ll lose eventually in their journey clearly people do make money also and i’ve got videos all about how you can ensure you’re one of the people to in fact earn money but in this circumstance make sure you research study your danger level would you be all right giving your cash to someone else which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in totally if you’re someone who isn’t wanting to be that risky don’t choose someone who’s totally into crypto or currency conversion consider it you ‘d probably want a backbone 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 very same with who you’re following now as i say you can actually utilize this too actually easily over here you can copy people now it will give you a great deal of choices and you can use the system to really search for someone that you elegant actually following so let’s see possibly we desire someone from unified kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can find everybody who has fulfilled that requirements and it does offer you a risk factor also 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 people 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 mean someone will make 56 for you for the next 12 months they could 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 after that you know ask you to verify are you alright with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she really 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 great to know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got some of mine in fact that i purchase too which is good 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 great spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production business as that. Etoro Vs Robinhood Crypto Currenci.
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