We get htis a lot on our site the answer to Coinmama Vs Etoro Reddit….Questions that i hear from brand-new investors what if you’re brand new to investing you just do not wish to choose what you actually wish to invest and you want someone to do it for you there’s just a couple of manner ins which that can take place the to start with you can employ an investment portfolio supervisor they’ll generally charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is naturally you can purchase mutual funds specific 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 bear in mind this platform is quite sophisticated you can do cfds which of course cfds are methods of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform do not simply presume due to the fact that 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 give that alternative also so you really get utilized to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in genuine business if you pick to in this particular video we’re speaking about how to copy other people’s investments with your cash so obviously your capital is at risk and we have to bear that in mind do not simply do something since that individual has stated they have actually made revenue 14 months in a row invest in these options because you think is the ideal 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 element that is probably.
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well-known for it’s the alternative to see what other traders are doing extraordinary we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can really say i wish to do exactly what that trader is doing or match that specific portfolio of options and essentially each time they make a trade they buy they sell whatever they do your cash will be simulated with it so that means if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs involved really important you comprehend what are the expenses of this now with any platform there will be some expense to obviously these are real business that are investing they’re doing the buying 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 in fact buying and selling etfs or funds individual commodities individual stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know before you actually start investing in copy trading or copy portfolios and finally some finest advice finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s kick off with charges really essential to understand these now on there’s a number of fees there isn’t fees to do with really buying and selling okay so commission fees are free however there are a number of other fees the first one is withdrawal costs so you can obviously put cash in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your cash so you offer your shares you sell your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 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 may state fine that’s quite costly 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 simply one of those options that they have a great deal of platforms certainly are totally free 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 completely how you’re investing but that is a charge to keep in mind the second charge that i’ve touched upon is that conversion charge now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying 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 using trading 2 and 2 free trade anyone at all this is standard they have i suppose stuck to whatever cost 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 charge exists what are they really 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 give me us dollars rather you have to pay their fees now the great aspect of however when you have actually converted your cash 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 implies the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s truly good using that part of their site won’t certainly restrict you in any way however we need to understand 2 other costs the first being what’s called spread fees alright and i’m going to reveal you what i mean on now a spread cost as i’m going to reveal you
on is essentially the difference that belongs to the investment platform between the buy rate and the price alright it’s their premium on doing both those 2 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 actually implies that when you want to offer or purchase as you can see it’s not the price you’re seeing up here let me reveal you that again so the current rate of tesla is the value of a share what’s called spread costs is the distinction then actually 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 benefit from you whenever you do a purchaser’s share so keep that in mind obviously it’s more expensive to buy than it is to offer so they’re going to provide you less back with your sale and you say okay well why does that happen it just 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 sell it and that is how they make a little bit of cash on those spread fees it’s generally extremely small it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a little bit cash now the last accomplishment is called an
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overnight fee now this is truly important if you’re really using cfds yourself as well an overnight fee is when you’re refraining from doing that buy offer deal in the very same day alright there’s then an overnight fee charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one utilize which implies you’re really purchasing the exact property rather than using utilize anyhow you won’t get hit with these charges however these charges are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s say if you enter into the aid section this isn’t the over night costs information you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only applies as i said to cfds there are some service charges naturally depending upon what you are buying as well this is on your own so keep that in mind however complete charges are completely within their assistance info okay and we discussed in addition to complimentary to deposit in but there’s a 5 dollar charge if you want 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 said copy trading and copy portfolios are two different methods of really utilizing these copy operates they do not have any extra charges on top of the normal charges that
are there now what you need to remember though is these possibly managed by other individuals entirely or sometimes have developed portfolios you’ve got a genuine individual doing the management you have to make sure you select the person that’s right for you much like any kind of work this is your financial assets so we definitely require to make certain it’s the best 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 number of different choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your charge card details or anything you can generally have this virtual portfolio mimic as if you are using your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money possibly this is a terrific choice for you again to evaluate the theories all right you might wish to buy tesla or apple or this etf why not use the virtual choice as a way to kind of safe have fun with it certainly you may have missed out on gains and losses throughout that time naturally if you had actually invested your genuine cash it allows you to develop confidence understand 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 individuals and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i indicate by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of 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 ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 people will lose cash but that equally implies they’ll lose at some time in their journey clearly individuals do make money too and i’ve got videos all about how you can ensure you’re one of the people to actually earn money however in this circumstance make sure you research your threat level would you be okay offering your money to somebody else which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in completely if you’re someone who isn’t wanting to be that dangerous do not choose somebody who’s completely into crypto or currency conversion consider 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 same with who you’re following now as i state you can actually utilize this too really easily over here you can copy individuals now it will give you a lot of choices and you can use the system to in fact look for someone that you elegant really following so let’s see maybe we desire someone from joined kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has actually fulfilled that criteria and it does give you a threat factor 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 individuals that have quite high returns
remember it’s like anything to do with the news or predictions of the future this does not mean somebody 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 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 instance ruby mza as an example you can really deep dive into what is she in fact investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is good so in fact for me understanding 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 also got a bit more um of the kind of primary food companies and you have actually got you understand pharmaceutical and production business as that. Coinmama Vs Etoro Reddit.
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