We get htis a lot on our site the answer to Etoro Vs Trading 212 Vs Freetrade Reddit….Questions that i speak with new investors what if you’re brand new to investing you just don’t want to decide what you actually want to invest and you want somebody to do it for you there’s just a couple of ways that that can take place the first off you can work with a financial investment portfolio supervisor they’ll usually charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is naturally you can purchase mutual funds particular funds are developed once 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 also now if you’re brand new to a total please bear in mind this platform is quite advanced you can do cfds which naturally cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just assume due to the fact that i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that option as well so you in fact get utilized 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 danger this is investing we’re doing you’re investing in genuine companies if you select to in this specific video we’re speaking about how to copy other individuals’s financial investments with your cash so certainly your capital is at risk and we need to bear that in mind do not just do something since that person has actually stated they have actually made profit 14 months in a row purchase these options since you think 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 understanding what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is most likely.
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well-known for it’s the option to see what other traders are doing incredible we do not 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 cash we can really state i want to do precisely what that trader is doing or match that specific portfolio of choices and essentially whenever they make a trade they purchase they sell whatever they do your cash will be imitated with it so that means if for instance 10 of their 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 fees included actually critical you understand what are the expenses of this now with any platform there will be some cost 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 a few of the absolutely no cost websites then may not charge you for actually buying and selling etfs or funds specific commodities private stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing 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 charges with in particular in this video the next would be things to understand prior to you in fact begin buying copy trading or copy portfolios and finally some finest guidance best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s start with charges truly crucial to comprehend these now on there’s a couple of fees there isn’t costs to do with actually buying and selling okay so commission fees are complimentary however there are a number of other fees the very first one is withdrawal costs 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 automatically converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your cash so you sell your shares you sell your products 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 obviously knowing that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might state all right that’s quite 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 costs are just among those alternatives 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 mostly it can be maybe even once a year as soon as every 6 months you know depends entirely how you’re investing however that is a cost to bear in mind the second fee that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an option 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 or perhaps some crypto so i’m great 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 anybody this is standard they have actually i expect stuck with whatever fee 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 actually providing you in regards to 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 need to pay their costs now the fantastic aspect of however when you’ve converted your cash you do not have to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that indicates the initial 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 additional charges so that’s really excellent utilizing that part of their site will not definitely limit you in any way nevertheless we have to be aware of 2 other costs the first being what’s called spread charges all right and i’m going to reveal you what i mean on now a spread cost as i’m going to reveal you
on is basically the difference that is part of the financial investment platform between the buy cost and the price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that in fact suggests that when you want to offer or buy as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current rate of tesla is the worth of a share what’s called spread charges is the difference 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 each time you do a purchaser’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you state alright well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction 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 generally incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a little bit money now the last task is called an
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over night fee now this is truly important if you’re really utilizing cfds yourself too an over night fee is when you’re refraining from doing that buy sell transaction in the exact same day all right there’s then an over night fee charged or even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which implies you’re actually purchasing the precise possession instead of utilizing take advantage of anyway you won’t get hit with these fees however 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 selling in the same day so let’s state if you enter into the aid area this isn’t the over night fees details you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that just applies as i stated to cfds there are some service charges naturally depending on what you are buying too this is on your own so keep that in mind but complete charges are entirely within their help info all right and we discussed as well as complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of in fact using these copy operates they do not have any extra costs on top of the regular fees that
exist now what you need to keep in mind though is these possibly handled by other people totally or often have developed portfolios you have actually got a genuine individual doing the management you need to ensure you choose the person that’s right for you just like any line of work this is your financial assets so we definitely require to ensure it’s the ideal person for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a number of different choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash but in fact 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 option for you again to test the theories alright you might wish to purchase tesla or apple or this etf why not utilize the virtual option as a way to sort of safe play with it clearly you may have missed out on gains and losses throughout that time of course if you had invested your genuine money it allows you to build confidence understand the platform so that’s one alternative 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 bear in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i imply by that certainly 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 simply indicates am i okay 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 fact 75 individuals will lose cash however that similarly indicates they’ll lose at some point in their journey certainly individuals do make money also and i have actually got videos everything about how you can ensure you are among the people to really earn money but in this scenario ensure you research study your danger level would you be fine providing your money to someone else which is successfully what you’re doing and trusting them make certain you understand what they’re buying totally if you’re someone who isn’t wanting to be that risky do not select someone who’s completely into crypto or currency conversion think of it you ‘d probably want a foundation of strong commodities
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like gold or even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really use this too really quickly over here you can copy individuals now it will offer you a lot of options and you can use the system to in fact look for somebody that you elegant really following so let’s see maybe we desire someone from unified kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a good quantity and i can discover everyone who has fulfilled 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 obviously there are a number of people that have quite high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not indicate someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to verify are you fine with this and off you go now another way to in fact deep dive if we click 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 go 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 definitely like kind of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is excellent so actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s also got a little bit more um of the kind of primary food business and you have actually got you know pharmaceutical and production business as that. Etoro Vs Trading 212 Vs Freetrade Reddit.
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