We get htis a lot on our site the answer to Okcoin Vs Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you simply don’t wish to choose what you in fact want to invest and you want someone to do it for you there’s just a number of ways that that can happen the firstly you can employ an investment portfolio manager they’ll generally 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 of course you can buy mutual funds particular funds are developed 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 too now if you’re brand new to an overall please bear in mind this platform is quite sophisticated you can do cfds which of course cfds are ways of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform do not just assume due to the fact that i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that alternative also so you actually get utilized to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re buying real companies if you choose to in this specific video we’re discussing how to copy other people’s investments with your money so clearly your capital is at threat and we need to bear that in mind do not simply do something because that person has actually said they’ve made earnings 14 months in a row purchase these choices due to the fact that you think is the right ones for you and that being said let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding 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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well-known for it’s the choice to see what other traders are doing amazing we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can really say i wish to do precisely what that trader is doing or match that precise portfolio of choices and essentially whenever they make a trade they purchase they offer whatever they do your money will be imitated with it so that indicates if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees involved truly critical you comprehend what are the expenses of this now with any platform there will be some expense to certainly 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 some of the zero fee websites then might not charge you for actually buying and selling etfs or funds individual commodities 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 kinds 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 really start investing in copy trading or copy portfolios and lastly some finest advice finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s begin with charges truly crucial to comprehend these now on there’s a couple of costs there isn’t costs to do with in fact buying and selling alright so commission fees are free however there are a couple of other costs the first one is withdrawal costs so you can obviously put money in now if you remain 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 in the future but when you want to withdraw your cash so you sell your shares you offer your products 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 of course knowing that i’m going to make certain that i’m only withdrawing when i definitely need to now you may state fine that’s quite 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 charges are simply one of those choices 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 mostly it can be perhaps even once a year when every six months you understand depends entirely how you’re investing but that is a charge to remember the second charge that i have actually discussed is that conversion cost now with you’re dealing in us dollars just there’s not a choice 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 and even some crypto so i’m good 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 two free trade anybody this is basic they have actually i suppose stuck to whatever cost they charge for that conversion rate you type of have to accept you know if you wish to use their platform go from uk to us then that conversion cost exists what are they actually offering 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 have to pay their charges now the terrific thing about however when you’ve transformed your cash you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s really great using that part of their website won’t certainly restrict you in any way nevertheless we need to be aware of 2 other fees the very first being what’s called spread charges fine and i’m going to reveal you what i suggest on now a spread charge as i’m going to show you
on is basically the difference that belongs to the investment platform between the buy rate and the price all right 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 means that when you want to buy or offer as you can see it’s not the cost you’re seeing up here let me show you that again so the current rate of tesla is the value of a share what’s called spread charges is the difference then actually to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind clearly it’s more pricey to buy than it is to sell so they’re going to give you less back with your sale and you state all right well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to offer it which is how they make a bit of cash on those spread out charges it’s generally incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a little bit money now the last accomplishment is called an
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overnight cost now this is truly important if you’re actually using cfds yourself too an over night charge is when you’re refraining from doing that buy sell transaction in the very same day okay there’s then an over night fee charged or even if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one take advantage of which suggests you’re really buying the exact asset rather than utilizing utilize anyhow you will not get hit with these costs however these charges are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy offering in the same day so let’s state if you enter into the help area this isn’t the overnight fees 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 overnight or you’re doing over weekends and that just uses as i stated to cfds there are some surcharges obviously depending on what you are buying also this is on your own so keep that in mind but full costs are completely within their aid details okay and we talked about along with complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of actually utilizing these copy functions they do not have any additional charges on top of the typical charges that
are there now what you require to remember though is these possibly managed by other individuals entirely or often have created portfolios you have actually got a genuine individual doing the management you need to ensure you pick the person that’s right for you just like any line of work this is your financial possessions so we definitely need to make sure it’s the ideal individual 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 to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own cash but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real cash possibly this is a terrific option for you again to test the theories okay you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe have fun with it undoubtedly you might have missed out on gains and losses throughout that time naturally if you had actually invested your real money it enables you to develop self-confidence understand the platform so that’s one option for you then next week and i’m going to go back 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 remember prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i suggest by that clearly 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 fine with possibly losing a great amount of this financial investment or acquiring 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 statistic 75 people will lose money however that similarly implies they’ll lose eventually in their journey clearly individuals do generate income too and i have actually got videos all about how you can ensure you are among the people to really make money however in this circumstance make certain you research study your risk level would you be okay providing your money to another person which is efficiently what you’re doing and trusting them make sure you comprehend what they’re investing in fully if you’re someone who isn’t wishing to be that dangerous don’t pick somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products
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like gold or even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really use this too truly easily over here you can copy people now it will give you a great deal of choices and you can utilize the system to really search for somebody that you elegant really following so let’s see possibly we want someone from unified kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a great amount and i can discover everyone who has actually satisfied that requirements and it does offer 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 clearly there are a number of individuals that have quite high returns
keep in mind it resembles 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 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 okay with this and off you go now another way to really deep dive if we click this person for example ruby mza as an example you can in fact 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 great to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got some of mine in fact that i buy too which is good so really for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s likewise got a bit more um of the kind of main food business and you’ve got you understand pharmaceutical and production business as that. Okcoin Vs Etoro.
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