We get this a lot on our site the answer to Etoro Vs Suretrader….Questions that i hear from new investors what if you’re brand new to investing you simply do not wish to decide what you actually wish to invest and you desire someone to do it for you there’s just a number of manner ins which that can occur the first of all you can hire an investment portfolio supervisor they’ll usually charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds specific funds are created 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 as well now if you’re brand new to an overall please bear in mind this platform is quite sophisticated you can do cfds which naturally cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform don’t simply presume since i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they give that option as well so you really get used to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re purchasing real business if you pick to in this particular video we’re speaking about how to copy other people’s investments with your cash so undoubtedly your capital is at risk and we need to bear that in mind do not simply do something because that person has said they have actually made profit 14 months in a row buy these options since you think is the ideal ones for you and that being said let’s dive directly in [Music] so the 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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popular for it’s the alternative to see what other traders are doing unbelievable we don’t usually 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 state i wish to do precisely what that trader is doing or match that precise portfolio of options and basically whenever they make a trade they buy they sell whatever they do your cash will be mimicked with it so that means if for instance 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 charges included really vital you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are genuine companies 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 cost 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 charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges 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 actually begin purchasing copy trading or copy portfolios and lastly some best guidance best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s start with fees truly crucial to comprehend these now on there’s a number of fees there isn’t fees to do with in fact buying and selling all right so commission costs are totally free nevertheless there are a number of other fees the first one is withdrawal charges so you can certainly put cash 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 however when you wish to withdraw your cash so you offer your shares you offer 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 of course knowing that i’m going to make sure that i’m just withdrawing when i absolutely need to now you might state alright that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are just one of those alternatives that they have a lot of platforms obviously are complimentary 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 when every 6 months you understand depends completely how you’re investing but that is a charge to bear in mind the second fee that i’ve touched upon is that conversion fee now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’s great that suits me.
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a lot 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 use anybody so if you’re using trading 2 and 2 open market anyone at all this is basic they have i expect stuck with whatever fee they charge for that conversion rate you kind of have to accept you understand if you wish to use their platform go from uk to us then that conversion fee exists what are they in fact 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 state offer me us dollars instead you have to pay their fees now the fantastic aspect of though when you’ve converted your cash you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that indicates the preliminary 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 extra fees so that’s really great utilizing that part of their website will not definitely limit you in any way nevertheless we have to be aware of two other fees the first being what’s called spread charges alright and i’m going to reveal you what i indicate on now a spread fee as i’m going to reveal you
on is generally the distinction that belongs to the investment platform in between the buy price and the list price fine 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 actually suggests that when you wish to purchase or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the present rate of tesla is the value of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to purchase 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 happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to offer it which is how they make a bit of cash on those spread charges it’s typically incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit cash now the last task is called an
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over night charge now this is actually crucial if you’re really using cfds yourself also an overnight charge is when you’re not doing that buy sell deal in the same day alright there’s then an over night cost charged or even if you go from the friday to the monday before cruising 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 leverage which indicates you’re in fact buying the precise asset instead of using utilize anyhow you will not get hit with these charges but these costs 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 exact same day so let’s state if you go into the help area this isn’t the overnight charges info you can see precisely 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 just uses as i stated to cfds there are some additional charges obviously depending on what you are purchasing also this is on your own so keep that in mind but full fees are totally within their help information okay and we discussed in addition to free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of actually utilizing these copy operates they do not have any additional costs on top of the regular fees that
are there now what you need to bear in mind though is these possibly handled by other individuals totally or in some cases have actually developed portfolios you’ve got a real individual doing the management you have to make certain you select the individual that’s right for you much like any line of work this is your monetary possessions so we absolutely require to make sure it’s the best individual for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of various options 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 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 credit card information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own money but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money maybe this is a fantastic alternative for you again to test the theories alright you might wish to purchase tesla or apple or this etf why not use the virtual option as a method to sort of safe have fun with it certainly you may have lost out on gains and losses throughout that time of course if you had invested your real money it allows you to construct self-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 select someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i suggest 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 fine with possibly losing a good quantity of this investment or getting as
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well now keep in mind whatever is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 people will lose money however that equally implies they’ll lose eventually in their journey certainly people do generate income also and i have actually got videos all about how you can make certain you are among individuals to in fact earn money but in this circumstance ensure you research your threat level would you be fine offering your money to someone else which is effectively what you’re doing and trusting them make sure you comprehend what they’re purchasing completely if you’re somebody who isn’t wanting to be that dangerous don’t pick somebody who’s completely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong products
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like gold or even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact use this too actually quickly over here you can copy individuals now it will offer you a great deal of options and you can utilize the system to in fact look for somebody that you expensive in fact following so let’s see possibly we want somebody from united kingdom um who invests in 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 satisfied that requirements and it does give you a danger aspect too so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of people that have rather high returns
keep in mind it’s like 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 could make four or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to confirm are you alright with this and off you go now another method to actually 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 purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got some of mine actually that i invest in too which is excellent so in fact for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s also got a bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Vs Suretrader.
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