Tradingview Vs Etoro – Ask Mary Traders

We get htis a lot on our site the answer to Tradingview Vs Etoro….Questions that i hear from brand-new financiers what if you’re brand new to investing you merely don’t want to choose what you actually want to invest and you want someone to do it for you there’s only a number of manner ins which that can happen the first of all you can hire a financial investment portfolio manager they’ll normally charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is obviously you can purchase mutual funds specific 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 keep in mind this platform is quite innovative you can do cfds which obviously cfds are ways of investing

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with not really having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just assume because i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they give that option also 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 of course your capital is at danger this is investing we’re doing you’re purchasing real business if you select to in this specific video we’re discussing how to copy other individuals’s investments with your cash so certainly your capital is at risk and we have to bear that in mind do not just do something because that individual has actually said they’ve made profit 14 months in a row invest in these choices since you believe is the right ones for you and that being said 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 generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can actually say i want to do precisely what that trader is doing or match that specific portfolio of options and generally whenever they make a trade they purchase they sell whatever they do your money will be simulated with it so that means if for example 10 of their financial 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 costs included really critical you understand what are the costs of this now with any platform there will be some expense to clearly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the zero cost websites then might not charge you for actually buying and selling etfs or funds private products private stocks.

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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of costs associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand before you in fact begin buying copy trading or copy portfolios and finally some finest advice best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s begin with fees really crucial to comprehend these now on there’s a number of costs there isn’t fees to do with in fact buying and selling okay so commission costs are free however there are a number of other fees the very 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 immediately converted into us dollars and i’ll cover a little point about that later but when you wish 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 obviously understanding that i’m going to ensure that i’m just withdrawing when i definitely need to now you might state 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 costs someplace and withdrawal charges are simply one of those alternatives that they have a great deal of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every six months you understand depends totally how you’re investing however that is a fee to remember the 2nd fee that i’ve touched upon is that conversion fee now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s great that matches me.

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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading two and two free trade anyone at all this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you type of have to accept you understand if you want to utilize their platform go from uk to us then that conversion cost exists what are they in fact giving 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 charges now the terrific feature of though when you have actually converted your money 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 transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s really excellent utilizing that part of their site won’t certainly limit you in any way however we have to be aware of two other fees the very first being what’s called spread costs 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 generally the difference that becomes part of the financial investment platform between the buy price and the sale price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that in fact suggests that when you wish 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 current cost of tesla is the value of a share what’s called spread charges is the distinction then really to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you every time you do a purchaser’s share so keep that in mind obviously it’s more expensive to purchase than it is to sell so they’re going to offer you less back with your sale and you say okay well why does that happen 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 cash on those spread out charges it’s typically extremely small it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a little bit cash now the last task is called an

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over night fee now this is really essential if you’re in fact using cfds yourself too an over night cost is when you’re refraining from doing that buy sell deal in the same day alright there’s then an overnight charge charged or even if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which indicates you’re really purchasing the specific asset rather than utilizing leverage anyway you will not get hit with these charges however these costs are if you’re utilizing utilize 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 go into the assistance section this isn’t the over night costs info you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which just uses as i stated to cfds there are some added fees obviously depending on what you are buying also this is on your own so keep that in mind however complete charges are entirely within their help information alright and we talked about as well as totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything 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 different methods of really using these copy works they don’t have any additional costs on top of the normal costs that

are there now what you require to remember though is these potentially managed by other people totally or often have created portfolios you’ve got a real individual doing the management you have to make certain you pick the individual that’s right for you similar to any type of work this is your monetary properties so we absolutely need to make sure it’s the ideal person 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 couple of different options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash but in fact buy pretend buy copy people whatever you like if you’re not

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feeling comfortable with utilizing your real money maybe this is a terrific alternative for you once again to check the theories okay you might wish to buy tesla or apple or this etf why not utilize the virtual option as a way to sort of safe have fun with it obviously you may have missed out on gains and losses during that time naturally if you had actually invested your real 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 real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to remember before you select someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger 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 financial investments the riskier you can be risk simply suggests am i okay with possibly losing a great amount of this investment or acquiring as

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well now keep in mind whatever is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 people will lose money but that equally means they’ll lose eventually in their journey undoubtedly people do make money also and i’ve got videos everything about how you can ensure you’re one of the people to in fact make money but in this situation make certain you research your danger level would you be okay offering your money to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re buying fully if you’re somebody who isn’t wishing to be that risky don’t pick someone who’s completely 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 standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really utilize this too truly easily over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to in fact look for someone that you expensive actually following so let’s see perhaps we want somebody from unified kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a good quantity and i can discover everyone who has actually fulfilled that criteria and it does give you a risk aspect as well 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 people that have quite high returns

keep in mind it’s like anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they might make 4 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 after that you know ask you to confirm are you all right with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent 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 in fact that i invest in too which is excellent so actually 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 companies that appears to be what she chooses she’s likewise got a little bit more um of the kind of main food companies and you’ve got you understand pharmaceutical and production business as that. Tradingview Vs Etoro.

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