We get htis a lot on our site the answer to Trading On Etoro Vs Gdax….Concerns that i hear from brand-new financiers what if you’re brand new to investing you simply don’t wish to choose what you actually want to invest and you desire somebody to do it for you there’s just a number of ways that that can happen the first off you can work with an investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is of course you can purchase mutual funds particular funds are created 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 bear in mind 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 don’t just assume since i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that option also so you really get utilized to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re buying genuine companies if you select to in this particular video we’re talking about how to copy other individuals’s financial investments with your money so obviously your capital is at danger 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 invest in these options because you think is the best 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 aspect that is probably.
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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 great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can really say i want to do precisely what that trader is doing or match that exact portfolio of choices and essentially each time they make a trade they buy they offer whatever they do your cash will be simulated with it so that indicates if for example 10 of their financial 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 charges included really critical you understand what are the costs of this now with any platform there will be some expense to obviously these are genuine companies 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 may not charge you for really buying and selling funds or etfs specific commodities specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing 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 costs with in particular in this video the next would be things to know prior to you actually begin buying copy trading or copy portfolios and lastly some finest suggestions finest practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s start with fees actually crucial to comprehend these now on there’s a number of costs there isn’t costs to do with in fact buying and selling all right so commission costs are complimentary however there are a couple of other charges the very first one is withdrawal charges so you can certainly put cash in now if you remain 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 later but when you want to withdraw your cash 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 five dollars per withdrawal so for me of course understanding that i’m going to make certain that i’m only withdrawing when i definitely require to now you may state alright that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are just one of those choices that they have a lot of platforms obviously 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 when every six months you know depends totally how you’re investing but that is a cost to remember the 2nd cost that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an option to purchase in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading two and 2 free trade anyone at all this is basic they have i suppose stuck to whatever cost they charge for that conversion rate you sort of need to accept you understand if you want to use their platform go from uk to us then that conversion fee 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 haggle with them you can’t go to the bank and state give me us dollars instead you have to pay their costs now the fantastic thing about though when you’ve converted your cash you do not have to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the initial 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 additional costs so that’s actually good using that part of their site will not definitely limit you in any way nevertheless we need to be aware of 2 other fees the very first being what’s called spread fees alright and i’m going to show you what i imply on now a spread fee as i’m going to show you
on is generally the difference that becomes part of the investment platform between the buy rate and the sale price all right 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 in fact indicates that when you wish to purchase or offer as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing price of tesla is the value of a share what’s called spread fees is the difference then in fact to buy that share on the platform and you’ll find this all over this is another way that they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind clearly it’s more pricey to purchase than it is to offer so they’re going to provide you less back with your sale and you state okay well why does that occur it just 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 wish to offer it and that is how they make a little bit of money on those spread charges it’s generally 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 little bit money now the last task is called an
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overnight fee now this is really crucial if you’re really utilizing cfds yourself as well an over night fee is when you’re not doing that buy offer transaction in the same day alright there’s then an over night charge charged or even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one leverage which indicates you’re in fact buying the exact asset instead of using take advantage of anyhow you will not get hit with these fees but these fees are if you’re using 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 enter into the help area this isn’t the overnight costs details 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 over night or you’re doing over weekends which only applies as i stated to cfds there are some service charges naturally depending on what you are purchasing too this is on your own so keep that in mind but complete charges are totally within their aid details fine and we discussed along with free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of really using these copy works they don’t have any extra charges on top of the normal costs that
are there now what you require to bear in mind though is these potentially handled by other people completely or often have actually developed portfolios you’ve got a real individual doing the management you have to ensure you select the individual that’s right for you much like any type of work this is your monetary possessions so we absolutely require to make sure 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 choices 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 genuine money or a virtual platform virtual ways i believe 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 information or anything you can essentially have this virtual portfolio simulate as if you are using your own money however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine cash perhaps this is a fantastic alternative for you once again to test the theories alright you may want 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 clearly you might have missed out on gains and losses during that time obviously if you had actually invested your genuine money it enables you to develop confidence comprehend 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 in fact how to copy individuals and copy portfolios now here’s something to bear in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i indicate by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just means am i all right with potentially losing an excellent quantity of this investment or acquiring as
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well now remember whatever is downs and ups you will make money you’ll lose money that’s why they make the figure 75 individuals will lose cash however that equally suggests they’ll lose eventually in their journey obviously people do generate income too and i have actually got videos all about how you can make sure you’re one of the people to really make money but in this situation make certain you research your danger level would you be okay providing your money to somebody else which is effectively 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 choose someone who’s totally into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products
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like gold or even oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact use this too actually quickly over here you can copy people now it will give you a great deal of options and you can utilize the system to actually search for someone that you elegant actually following so let’s see possibly we want someone from united kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a good amount and i can find everybody who has met that requirements and it does give you a risk factor as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
remember it’s like anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you fine 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 in fact purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine really that i invest in too which is great so really for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production companies as that. Trading On Etoro Vs Gdax.
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