We get htis a lot on our site the answer to Sfox Vs Etoro….Questions that i speak with new financiers what if you’re brand new to investing you merely do not wish to choose what you really want to invest and you want somebody to do it for you there’s only a couple of ways that that can take place the firstly 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 profits will go to them the other thing is naturally you can purchase mutual funds specific funds are created once 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 remember this platform is quite innovative you can do cfds which obviously cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform do not just assume since i utilize it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that alternative too so you actually get used to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying real companies if you select to in this particular video we’re speaking about how to copy other people’s investments with your money so obviously your capital is at threat and we have to bear that in mind do not simply do something because that individual has actually stated they have actually made revenue 14 months in a row invest in these options due to the fact that you believe is the ideal ones for you which being stated let’s dive straight 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 element that is most likely.
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popular for it’s the choice to see what other traders are doing incredible we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can in fact state i want to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially each time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that implies if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs included truly important you comprehend what are the costs of this now with any platform there will be some cost to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no charge websites then may not charge you for really buying and selling etfs or funds individual commodities private stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know prior to you in fact begin investing in copy trading or copy portfolios and lastly some finest advice finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s begin with charges really important to understand these now on there’s a couple of fees there isn’t charges to do with really buying and selling okay so commission costs are totally free nevertheless there are a couple of other charges the very first one is withdrawal charges so you can certainly put cash in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your money 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 naturally knowing that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might say okay that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are simply among those options 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 largely it can be maybe even once a year once every six months you know depends entirely how you’re investing however that is a fee to keep in mind the second fee that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading two and two open market anyone at all this is standard they have i expect stuck to whatever charge they charge for that conversion rate you type of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee is there what are they really providing 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 say give me us dollars rather you need to pay their fees now the terrific aspect of however when you have actually transformed your money 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 implies the preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s really great using that part of their site won’t definitely limit you in any way however we need to understand two other costs the first being what’s called spread charges fine and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you
on is basically the distinction that belongs to the investment platform between the buy price 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 today tesla’s dollar worth 599 per share in tesla that really implies that when you want to purchase or offer as you can see it’s not the price you’re seeing up here let me reveal you that again so the present price of tesla is the value of a share what’s called spread fees is the distinction then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money 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 offer you less back with your sale and you state okay well why does that happen it just does that is the nature of a great deal 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 little bit of cash on those spread out fees it’s typically incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit cash now the last task is called an
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overnight fee now this is really essential if you’re in fact using cfds yourself as well an overnight charge is when you’re not doing that buy offer transaction in the exact same day all right there’s then an overnight charge charged and even if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which means you’re actually purchasing the precise property instead of using utilize anyway you won’t get hit with these costs however 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 same day so let’s say if you go into the assistance area this isn’t the overnight fees info you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only uses as i said to cfds there are some additional charges naturally depending on what you are buying too this is on your own so keep that in mind but full costs are totally within their help details all right and we spoke about as well as complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of really utilizing these copy functions they don’t have any additional fees on top of the typical costs that
exist now what you require to bear in mind though is these potentially handled by other people totally or often have created portfolios you’ve got a real individual doing the management you have to ensure you pick the person that’s right for you just like any type of work this is your financial possessions so we definitely need to ensure it’s the right person for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a number of different 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 choice 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 money that you’re investing you will not require to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are using your own money however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money possibly this is a terrific choice for you once again to check the theories okay you may wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe have fun with it undoubtedly you might have lost out on gains and losses during that time obviously if you had invested your genuine money it permits you to construct self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy people 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 understand what your threat profile is now what do i indicate by that certainly 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 implies am i fine with potentially losing a great amount of this investment or getting as
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well now remember whatever is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 people will lose money but that similarly implies they’ll lose at some time in their journey clearly people do earn money also and i’ve got videos everything about how you can make certain you’re one of individuals to actually make money however in this circumstance make certain you research your threat level would you be alright offering your cash to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re buying totally if you’re somebody who isn’t wanting to be that risky do not choose somebody who’s totally into crypto or currency conversion think about it you ‘d most likely want a foundation of strong products
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like gold or even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact use this too actually easily over here you can copy individuals now it will provide you a great deal of options and you can use the system to actually look for someone that you expensive actually following so let’s see maybe we desire someone from joined kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds a good quantity and i can find everyone who has actually fulfilled that requirements and it does give you a danger element too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to validate are you all right with this and off you go now another method to actually deep dive if we click on this person for instance 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 excellent to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is great so in fact for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s also got a bit more um of the kind of main food business and you have actually got you know pharmaceutical and production business as that. Sfox Vs Etoro.
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