We get htis a lot on our site the answer to Etoro Vs Kraken Vs Coinbase….Concerns that i speak with new investors what if you’re brand new to investing you merely don’t want to decide what you really want to invest and you want someone to do it for you there’s only a number of ways that that can occur the firstly you can hire an investment portfolio supervisor they’ll generally charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is naturally you can purchase 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 too now if you’re brand new to a total please keep in mind this platform is rather 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 discovering please do study the platform don’t just presume because i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that option as well so you actually get utilized to the structure of the website 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 threat this is investing we’re doing you’re purchasing real business if you select to in this specific video we’re talking about how to copy other individuals’s financial investments with your cash so obviously your capital is at risk and we need to bear that in mind do not simply do something since that individual has stated they’ve made profit 14 months in a row buy these options since you believe is the ideal ones for you and that being said let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending 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 don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can really state i want to do exactly what that trader is doing or match that exact portfolio of alternatives and generally each time they make a trade they buy they sell whatever they do your money will be simulated with it so that implies if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges involved actually vital you comprehend what are the expenses of this now with any platform there will be some expense to certainly these are real business 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 no fee sites then might not charge you for really buying and selling etfs or funds specific products individual stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 prior to you actually start buying copy trading or copy portfolios and lastly some finest guidance finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s start with charges really crucial to understand these now on there’s a number of costs there isn’t costs to do with really buying and selling fine so commission costs are complimentary however there are a number of other costs the very first one is withdrawal costs so you can undoubtedly 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 but when you wish to withdraw your cash so you offer your shares you offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m just withdrawing when i definitely require to now you might state alright that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are simply among those choices that they have a lot of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every 6 months you understand depends completely how you’re investing but that is a fee to keep in mind the second charge that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not a choice 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 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 two free trade anybody this is standard they have i suppose stuck to whatever fee they charge for that conversion rate you kind of have to accept you know if you wish to utilize their platform go from uk to us then that conversion charge exists what are they actually providing 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 say offer me us dollars rather you need to pay their costs now the great aspect of however when you’ve converted your money you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that indicates the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s actually great utilizing that part of their site won’t certainly limit you in any way however we need to be aware of 2 other costs the very first being what’s called spread costs okay and i’m going to show you what i imply on now a spread charge as i’m going to reveal you
on is basically the distinction that belongs to the financial investment platform in between the buy price and the list 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 today tesla’s dollar value 599 per share in tesla that in fact indicates that when you wish to offer or purchase as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing rate of tesla is the worth of a share what’s called spread costs is the difference then in fact to buy that share on the platform and you’ll find this all over this is another manner in which they make a small amount of benefit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to offer so they’re going to offer you less back with your sale and you state okay well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you want to sell it and that is how they make a bit of cash on those spread out costs it’s generally exceptionally 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 bit money now the last task is called an
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overnight cost now this is actually important if you’re in fact using cfds yourself also an over night cost is when you’re not doing that buy sell deal in the very same day fine there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which indicates you’re in fact purchasing the specific asset instead of utilizing take advantage of anyway you will not get hit with these charges but these fees are if you’re using leverage 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 state if you enter into the aid area this isn’t the over night charges info you can see exactly 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 just applies as i stated to cfds there are some surcharges of course depending on what you are investing in also this is on your own so keep that in mind but full fees are totally within their aid information all right and we talked about along with free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different ways of in fact using these copy works they do not have any additional costs on top of the normal fees that
exist now what you require to remember though is these potentially handled by other individuals entirely or often have actually developed portfolios you’ve got a genuine person doing the management you need to make sure you choose the person that’s right for you just like any kind of work this is your financial properties so we definitely require to ensure it’s the right 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 number of different choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual ways 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 using your own cash however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash maybe this is a terrific alternative for you again to check the theories fine you might wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe play with it clearly you might have missed out on gains and losses throughout that time obviously if you had actually invested your genuine cash it permits you to build confidence understand the platform so that’s one alternative 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 people and copy portfolios now here’s something to remember before you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i indicate by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply indicates am i alright with possibly losing an excellent amount of this financial investment or getting as
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well now remember everything is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 people will lose money but that similarly suggests they’ll lose at some time in their journey obviously individuals do generate income also and i’ve got videos everything about how you can ensure you are among the people to really generate income but in this situation make sure you research your threat level would you be all right giving your money to another person which is successfully what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re somebody who isn’t wishing to be that risky do not pick someone who’s entirely into crypto or currency conversion consider it you ‘d probably want a backbone of strong products
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like gold and even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact utilize this too really easily over here you can copy individuals now it will provide you a great deal of choices and you can use the system to in fact search for somebody that you fancy really following so let’s see maybe we desire someone from joined kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can find everybody who has met that criteria and it does provide you a danger element as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to guarantee 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 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 in fact 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 excellent to understand ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got some of mine really that i buy too which is great so really for me understanding what i like to purchase 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 likewise got a bit more um of the type of primary food business and you have actually got you know pharmaceutical and production companies as that. Etoro Vs Kraken Vs Coinbase.
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