We get htis a lot on our site the answer to Fidelity Vs Etoro Vs Vanguard Comparison….Concerns that i speak with new investors what if you’re brand new to investing you merely do not wish to decide what you really wish to invest and you want someone to do it for you there’s just a number of manner ins which that can occur the first off you can employ an investment portfolio supervisor they’ll typically charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is of course 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 as well now if you’re brand new to a total please keep in mind this platform is rather sophisticated you can do cfds which naturally 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 more about please do study the platform do not just assume since i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they give that alternative as well 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 danger this is investing we’re doing you’re buying real companies if you pick to in this specific 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 simply do something since that person has said they have actually made earnings 14 months in a row purchase these choices due to the fact that you believe is the ideal ones for you and that being stated let’s dive straight in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one element that is probably.
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famous for it’s the choice to see what other traders are doing amazing we don’t normally 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 cash we can really state i want to do exactly what that trader is doing or match that exact portfolio of options 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 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 fees included truly critical you understand what are the costs of this now with any platform there will be some expense to certainly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero charge sites then might not charge you for really buying and selling etfs or funds private commodities private stocks.
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there’ll be charges on other parts maybe 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 show you the charges with in particular in this video the next would be things to know before you really start investing in copy trading or copy portfolios and lastly some finest recommendations finest practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s start with costs truly crucial to comprehend these now on there’s a number of costs there isn’t costs to do with actually buying and selling fine so commission fees are complimentary nevertheless there are a number of other costs the first one is withdrawal charges so you can obviously put money in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your money so you offer your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally understanding that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might state alright that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are just one of those alternatives that they have a great deal of platforms obviously are 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 when every 6 months you know depends completely how you’re investing however that is a charge to keep in mind the second cost that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk and that’s fine that matches 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 fee now when you use anybody so if you’re utilizing trading 2 and 2 free trade anyone at all this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion cost exists what are they in fact providing 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 give me us dollars instead you need to pay their fees now the terrific aspect of however when you’ve converted your cash you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s truly good using that part of their site will not definitely limit you in any way nevertheless we have to be aware of two other costs the very first being what’s called spread costs all right and i’m going to show you what i imply on now a spread charge as i’m going to reveal you
on is basically the difference that is part of the investment platform in between the buy rate and the list price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that actually suggests that when you want to purchase or sell as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present rate 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 discover this everywhere this is another manner in which they make a percentage of benefit from you each time you do a buyer’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you say okay well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to offer it which is how they make a little 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 place every investment firm will once again make a bit cash now the last feat is called an
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over night charge now this is actually crucial if you’re actually utilizing cfds yourself also an over night fee is when you’re not doing that buy offer deal in the exact same day fine there’s then an overnight charge charged and even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which suggests you’re actually buying the specific possession rather than utilizing leverage anyway you won’t get hit with these costs but these charges are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you enter into the aid area this isn’t the over night costs details you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that just uses as i stated 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 full costs are entirely within their assistance information all right and we spoke about in addition to complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of in fact using these copy functions they do not have any additional charges on top of the typical costs that
exist now what you need to keep in mind though is these potentially handled by other people totally or in some cases have actually created portfolios you’ve got a genuine person doing the management you need to ensure you choose the person that’s right for you much like any line of work this is your monetary possessions so we absolutely need to ensure it’s the right individual 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 options 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 genuine money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own money but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money maybe this is a great alternative for you once again to evaluate the theories alright you may wish to buy tesla or apple or this etf why not utilize the virtual option as a way to type of safe play with it clearly you may have missed out on gains and losses during that time of course if you had invested your genuine money it permits 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 genuine portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i indicate 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 risk just means am i okay with potentially losing an excellent amount of this investment or gaining as
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well now remember everything is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 people will lose cash but that equally suggests they’ll lose at some time in their journey clearly individuals do make money too and i’ve got videos everything about how you can make certain you’re one of individuals to in fact earn money however in this situation ensure you research study your threat level would you be alright providing your money to someone else which is successfully what you’re doing and trusting them make certain you comprehend what they’re buying fully if you’re someone who isn’t wanting to be that dangerous do not choose someone who’s totally into crypto or currency conversion think of it you ‘d most likely want a backbone of strong commodities
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like gold and 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 say you can in fact use this too really easily over here you can copy individuals now it will provide you a lot of options and you can utilize the system to in fact search for someone that you elegant in fact following so let’s see perhaps we want someone from unified kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everybody who has met that requirements and it does offer you a danger factor also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they could make four 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 then you know ask you to verify are you all right with this and off you go now another method to really 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 buying so let’s enter into portfolio and you can see she’s quite 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 really that i invest in too which is great so in fact for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the type of primary food business and you’ve got you know pharmaceutical and production companies as that. Fidelity Vs Etoro Vs Vanguard Comparison.
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