We get htis a lot on our site the answer to Values On Etoro Vs Binance….Questions that i speak with brand-new financiers what if you’re brand new to investing you just don’t want to decide what you really wish to invest and you want somebody to do it for you there’s just a number of manner ins which that can occur the first off you can work with a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 a total please remember this platform is rather sophisticated you can do cfds which of course cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform do not just assume because i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that option too so you really get utilized to the structure of the website and after that 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 threat this is investing we’re doing you’re investing in genuine companies if you choose to in this particular video we’re discussing how to copy other people’s financial investments with your money so obviously your capital is at risk 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 said let’s dive straight in [Music] so 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 probably.
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well-known for it’s the choice to see what other traders are doing extraordinary we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can in fact state i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and generally every time they make a trade they purchase they offer whatever they do your money will be simulated with it so that implies if for example 10 of their financial investment portfolio is 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 truly crucial you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the zero fee sites then may not charge you for actually buying and selling etfs or funds individual commodities individual stocks.
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there’ll be fees 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 show you the fees with in particular in this video the next would be things to understand prior to you really begin purchasing copy trading or copy portfolios and finally some best recommendations best practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s begin with charges actually crucial to understand these now on there’s a number of costs there isn’t charges to do with in fact buying and selling okay so commission charges are complimentary however there are a couple of other fees the first one is withdrawal charges so you can obviously put money in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your money so you sell your shares you offer your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m just withdrawing when i absolutely need to now you may state fine that’s quite expensive 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 among those alternatives that they have a lot of platforms obviously are free 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 as soon as every six months you know depends completely how you’re investing however that is a cost to bear in mind the second fee that i’ve touched upon is that conversion charge now with you’re handling us dollars only there’s not an alternative to buy in euros or uk and that’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 great with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading two and 2 open market anyone at all this is standard they have actually i expect stuck with whatever cost they charge for that conversion rate you kind of have to accept you understand if you want to use their platform go from uk to us then that conversion cost exists what are they actually giving 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 provide me us dollars rather you have to pay their fees now the fantastic thing about however when you’ve transformed your money you do not have to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s really good utilizing that part of their website will not certainly restrict you in any way however we need to understand two other costs the first being what’s called spread fees okay and i’m going to show you what i mean on now a spread fee as i’m going to reveal you
on is essentially the difference that is part of the investment platform in between the buy cost 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 website today tesla’s dollar worth 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 price you’re seeing up here let me reveal you that again so the current price of tesla is the worth of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll discover this everywhere this is another manner in which 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 expensive to buy than it is to offer so they’re going to give you less back with your sale and you state fine 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 and that is how they make a bit of money on those spread out charges it’s normally incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit cash now the last accomplishment is called an
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overnight fee now this is actually crucial if you’re really utilizing cfds yourself too an over night charge is when you’re refraining from doing that buy sell deal in the very same day fine there’s then an over night cost charged or perhaps if you go from the friday to the monday prior to sailing a weekend charge 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 implies you’re in fact purchasing the precise asset instead of utilizing leverage anyway you won’t get hit with these fees but these charges are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s state if you enter into the help section this isn’t the over night fees details you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that just applies as i stated to cfds there are some added fees of course depending upon what you are purchasing too this is on your own so keep that in mind however full costs are entirely within their aid info okay 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 typical product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of really using these copy functions they do not have any extra costs on top of the normal charges that
are there now what you require to keep in mind though is these potentially handled by other individuals entirely or often have actually created portfolios you’ve got a genuine person doing the management you have to make certain you select the individual that’s right for you similar to any kind of work this is your monetary assets so we absolutely require to ensure it’s the ideal person for us before we copy them so the first things i would call it if you do want to use this function we have actually got a couple of various options for us first off if you’re brand new to investing i want to draw your attention to this within you have the option 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 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 money however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money maybe this is a terrific choice for you once again to test the theories fine you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe have fun with it obviously you may have lost out on gains and losses during that time obviously if you had actually invested your real money it permits you to develop confidence understand the platform so that’s one option 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 people and copy portfolios now here’s something to bear in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i imply by that undoubtedly 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 just means am i okay with possibly losing a good quantity of this financial investment or acquiring as
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well now remember whatever is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose money however that similarly means they’ll lose eventually in their journey clearly individuals do make money also and i’ve got videos all about how you can make certain you are among the people to really earn money but in this situation make sure you research study your risk level would you be all right giving your cash to another person which is successfully what you’re doing and trusting them make sure you comprehend what they’re buying completely if you’re someone who isn’t wanting to be that dangerous don’t pick somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong commodities
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like gold or perhaps oil plus more traditional 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 say you can actually use this too actually quickly over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to really search for someone that you fancy in fact following so let’s see possibly we want somebody from unified kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has actually met that requirements and it does provide you a danger factor also 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
bear in mind it resembles anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure 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 alright with this and off you go now another method to really deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she in fact buying 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 great to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine really that i buy too which is excellent so actually for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the sort of primary food companies and you have actually got you know pharmaceutical and production companies as that. Values On Etoro Vs Binance.
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