We get htis a lot on our site the answer to Trezor Vs Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply do not wish to choose what you in fact want to invest and you desire somebody to do it for you there’s only a couple of ways that that can take place the to start with you can work with a financial investment portfolio supervisor 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 of course you can buy mutual funds particular funds are produced 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 too now if you’re brand new to a total please remember this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform don’t just presume due to the fact that i utilize 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 alternative too so you actually get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in genuine companies if you choose to in this specific video we’re talking about how to copy other people’s financial investments with your money so clearly your capital is at risk and we need to bear that in mind do not just do something since that individual has actually said they’ve made profit 14 months in a row invest in these choices since you think 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 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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famous for it’s the choice to see what other traders are doing amazing we don’t typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can in fact say i wish to do exactly what that trader is doing or match that exact portfolio of options and essentially every time they make a trade they buy they offer whatever they do your money will be simulated with it so that means if for example 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 actually important you comprehend what are the expenses of this now with any platform there will be some expense to obviously these are genuine 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 websites then may not charge you for actually buying and selling funds or etfs private commodities specific stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees 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 before you really begin buying copy trading or copy portfolios and finally some best recommendations finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s begin with fees really essential to understand these now on there’s a couple of fees there isn’t costs to do with in fact buying and selling all right so commission fees are totally free however there are a couple of other charges the first one is withdrawal fees 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 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 offer your products whatever you’re selling 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 make certain that i’m just withdrawing when i absolutely require to now you might state all right 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 somewhere and withdrawal fees are simply among those options that they have a lot of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every six months you know depends completely how you’re investing however that is a cost to remember the second fee that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not a choice to buy 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 use anybody so if you’re using trading two and 2 open market anyone at all this is basic they have i suppose stuck to whatever fee they charge for that conversion rate you type of have to accept you know if you want to utilize their platform go from uk to us then that conversion charge is there what are they actually offering you in terms of your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and state provide me us dollars rather you need to pay their costs now the fantastic thing about however when you’ve transformed your cash you do not have to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that means the preliminary day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s actually great utilizing that part of their site will not definitely limit you in any way nevertheless we need to be aware of 2 other fees the first being what’s called spread costs okay and i’m going to show you what i mean on now a spread cost as i’m going to reveal you
on is generally the distinction that belongs to the financial investment platform in between the buy rate and the list 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 really indicates that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me show you that again so the current rate of tesla is the worth of a share what’s called spread costs is the distinction then in fact to purchase that share on the platform and you’ll discover this all over this is another way that they make a small amount of make money from you whenever you do a buyer’s share so keep that in mind certainly it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you state fine well why does that occur it simply 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 want to offer it and that is how they make a little bit of money on those spread out charges it’s typically exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit money now the last feat is called an
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over night charge now this is actually essential if you’re in fact utilizing cfds yourself as well an over night charge is when you’re not doing that buy sell transaction in the very same day fine there’s then an overnight charge charged or even if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which suggests you’re actually buying the specific asset instead of using utilize anyhow you won’t get hit with these charges but these costs are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the same day so let’s state if you go into the assistance section this isn’t the overnight costs details 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 overnight or you’re doing over weekends which just applies as i stated to cfds there are some additional charges naturally depending upon what you are buying also this is on your own so keep that in mind however complete costs are completely within their help information okay and we discussed along with complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of in fact utilizing these copy operates they do not have any extra fees on top of the typical fees that
are there now what you need to remember though is these potentially managed by other people totally or often have actually produced portfolios you’ve got a real person doing the management you have to ensure you pick the person that’s right for you much like any profession this is your financial assets so we absolutely require to make certain 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’ve got a number of various choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option 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 won’t require to put in your credit card details or anything you can basically have this virtual portfolio mimic 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 maybe this is a great choice for you once again to evaluate the theories fine you may want to purchase tesla or apple or this etf why not utilize the virtual choice as a method to type of safe play with it clearly you might have missed out on gains and losses during that time naturally if you had actually invested your real money it allows you to develop self-confidence understand 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 actually how to copy individuals and copy portfolios now here’s something to remember before you pick someone 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 mean by that certainly 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 run the risk of simply indicates am i fine with potentially losing an excellent amount of this financial investment or gaining as
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well now remember everything is ups and downs you will earn money you’ll lose cash that’s why they make the figure 75 people will lose money but that similarly implies they’ll lose at some point in their journey clearly individuals do make money too and i’ve got videos everything about how you can make sure you are among individuals to really earn money however in this circumstance make sure you research study your risk level would you be alright offering your money to somebody else which is effectively what you’re doing and trusting them make certain you understand what they’re investing in fully if you’re someone who isn’t wishing to be that risky don’t choose somebody who’s totally into crypto or currency conversion think of it you ‘d probably 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 state you can really utilize this too truly easily over here you can copy people now it will give you a lot of choices and you can use the system to actually search for somebody that you expensive actually following so let’s see possibly we desire somebody from unified kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everyone who has met that requirements and it does offer you a threat element too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of people that have quite high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not mean 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 basic as clicking the copy button and off you go and after that you know ask you to verify are you all right with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she really buying so let’s enter 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 certainly like type of into those blue box and the tech market she’s got a few of mine really that i purchase too which is excellent so actually for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she chooses she’s also got a bit more um of the kind of main food companies and you’ve got you understand pharmaceutical and production companies as that. Trezor Vs Etoro.
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