We get htis a lot on our site the answer to Gate Io Vs Etoro….Questions that i hear from new investors what if you’re brand new to investing you simply don’t wish to decide what you in fact want to invest and you desire 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 hire a financial investment portfolio supervisor they’ll normally 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 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 an overall please remember this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform do not just presume since 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 consider that choice also so you in fact get used to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing real business if you choose to in this specific video we’re speaking about how to copy other individuals’s financial investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not simply do something because that person has actually said they’ve made profit 14 months in a row buy these choices due to the fact that you believe is the ideal ones for you which being stated let’s dive directly in [Music] 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 most likely.
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famous for it’s the choice to see what other traders are doing extraordinary we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can really say i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and essentially whenever they make a trade they purchase they offer whatever they do your cash will be imitated 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 cash in so we’re going to also cover is the fees involved really vital you understand what are the costs of this now with any platform there will be some cost to obviously these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the zero charge websites then may not charge you for actually buying and selling etfs or funds specific products individual stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know prior to you in fact start investing in copy trading or copy portfolios and finally some best suggestions best practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s kick off with fees truly essential to understand these now on there’s a couple of fees there isn’t costs to do with in fact buying and selling okay so commission fees are complimentary nevertheless there are a number of other charges the very first one is withdrawal costs so you can obviously put cash in now if you’re 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 however when you want to withdraw your money so you sell your shares you sell your products 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 of course understanding that i’m going to make certain that i’m only withdrawing when i definitely need to now you might state all right that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are simply among those options that they have a great deal of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every 6 months you understand depends entirely how you’re investing however that is a charge to bear in mind the 2nd fee that i’ve discussed is that conversion fee now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’s fine 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 cost now when you use anyone so if you’re using trading two and 2 open market anyone at all this is standard they have actually i expect stuck to whatever charge they charge for that conversion rate you kind of need to accept you understand if you want to use their platform go from uk to us then that conversion cost is there 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 bargain with them you can’t go to the bank and state offer me us dollars instead you have to pay their costs now the excellent thing about though when you have actually transformed your money you do not have to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that means the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s actually great using that part of their website will not certainly limit you in any way however we need to understand two other costs the very first being what’s called spread fees alright and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you
on is essentially the distinction that is part of the financial investment platform between the buy cost and the 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 worth 599 per share in tesla that in fact means that when you wish to purchase or sell as you can see it’s not the price you’re seeing up here let me show you that again so the current price of tesla is the value of a share what’s called spread fees is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you each time you do a purchaser’s share so keep that in mind obviously it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you state okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to sell it which is how they make a little bit of money on those spread out fees it’s typically incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a little bit money now the last task is called an
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overnight charge now this is actually essential if you’re actually using cfds yourself as well an overnight cost is when you’re refraining from doing that buy offer transaction in the exact same day fine there’s then an over night fee charged or even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which suggests you’re in fact buying the exact asset rather than using utilize anyhow you won’t get hit with these costs but these fees are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you go into the aid section this isn’t the over night costs 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 added fees of course depending upon what you are purchasing as well this is on your own so keep that in mind but complete costs are totally within their assistance details fine and we discussed as well as complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two different ways of in fact using these copy works they don’t have any extra fees on top of the normal fees that
are there now what you need to remember though is these possibly managed by other people completely or sometimes have developed portfolios you’ve got a genuine individual doing the management you need to make certain you pick the individual that’s right for you just like any profession this is your financial assets so we absolutely require to make sure 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 utilize this function we’ve got a number of different alternatives for us first of all 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 have fun with and it’s not real money that you’re investing you will not require to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own money but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash maybe this is an excellent choice for you again to test the theories all right you may want to purchase tesla or apple or this etf why not use the virtual alternative as a method to type of safe have fun with it clearly you might have lost out on gains and losses during that time of course if you had invested your real 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 remember before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure 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 investments the riskier you can be run the risk of simply suggests am i all right with potentially losing a great quantity of this financial investment or getting as
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well now keep in mind whatever is downs and ups you will generate income you’ll lose cash that’s why they make the fact 75 people will lose money but that equally suggests they’ll lose at some point in their journey undoubtedly individuals do make money too and i have actually got videos everything about how you can make certain you’re one of individuals to in fact earn money but in this circumstance make certain you research study your risk level would you be all right giving your cash to someone else which is successfully what you’re doing and trusting them make sure you understand what they’re investing in fully if you’re somebody who isn’t wishing to be that dangerous do not choose somebody who’s entirely into crypto or currency conversion think of it you ‘d most likely want a backbone of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really use this too truly easily over here you can copy individuals now it will provide you a great deal of options and you can use the system to really look for somebody that you elegant in fact following so let’s see possibly we desire someone from united kingdom um who buys let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has actually met that requirements and it does offer you a danger element too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they might make 4 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 after that you understand ask you to confirm are you fine with this and off you go now another way to in fact deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she really 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 excellent to know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got some of mine really that i buy too which is great so in fact for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production business as that. Gate Io Vs Etoro.
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