So to start the answer to Bianance Fees Vs Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely don’t want to choose what you really want to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can occur the first of all you can employ a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is of course you can buy 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 too now if you’re brand new to an overall please remember this platform is quite sophisticated you can do cfds which obviously cfds are ways 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 just assume since i utilize 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 alternative too so you actually get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re speaking about how to copy other individuals’s investments with your money so obviously your capital is at risk and we need to bear that in mind do not just do something since that individual has actually stated they have actually made revenue 14 months in a row buy these options due to the fact that you believe 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 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 extraordinary we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can really state i wish to do exactly what that trader is doing or match that exact portfolio of choices and generally every time they make a trade they buy they sell whatever they do your cash will be imitated with it so that means if for instance 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 charges involved really crucial you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the no charge websites then might not charge you for in fact buying and selling etfs or funds private products 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 type of costs 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 prior to you actually begin purchasing copy trading or copy portfolios and lastly some best suggestions finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s start with charges really essential to understand these now on there’s a number of fees there isn’t fees to do with actually buying and selling alright so commission fees are complimentary nevertheless there are a number of other costs the first one is withdrawal fees so you can clearly 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 in the future however when you wish to withdraw your cash so you sell your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally understanding that i’m going to ensure that i’m only withdrawing when i absolutely require to now you might say fine that’s rather 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 charges are simply one of those choices that they have a great deal of platforms certainly are free 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 have actually touched upon is that conversion charge now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk and that’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading two and 2 open market anyone at all this is standard they have actually i expect stuck with whatever charge 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 cost is there 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 state give me us dollars instead you need to pay their charges now the great thing about though when you have actually transformed your cash you do not have to invest it right away that dollar worth can being 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 takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s really great utilizing that part of their website will not certainly limit you in any way nevertheless we need to understand two other fees the first being what’s called spread charges alright and i’m going to show you what i suggest on now a spread fee as i’m going to show you
on is essentially the distinction that belongs to the financial investment platform between the buy cost and the sale price fine 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 really indicates that when you wish to buy or offer as you can see it’s not the price you’re seeing up here let me show you that once again so the present cost of tesla is the worth of a share what’s called spread fees is the difference then actually 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 each time you do a purchaser’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you say all right well why does that occur it simply 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 offer it which is how they make a little bit of money on those spread fees it’s normally incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a bit cash now the last accomplishment is called an
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over night cost now this is actually crucial if you’re actually utilizing cfds yourself as well an overnight fee is when you’re refraining from doing that buy sell deal in the same day all right there’s then an over night cost charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which suggests you’re actually buying the precise possession instead of using utilize anyhow you will not get hit with these costs but these fees are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy offering in the same day so let’s state if you go into the help area this isn’t the overnight costs details you can see exactly the breakdown and it’ll tell you what are the charges what are the costs 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 additional charges of course depending upon what you are purchasing too this is on your own so keep that in mind however full charges are completely within their help info alright and we talked about as well as free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of really using these copy works they don’t have any additional costs on top of the normal charges that
exist now what you need to keep in mind though is these potentially handled by other people completely or in some cases have created portfolios you’ve got a real person doing the management you have to make certain you pick the person that’s right for you just like any profession this is your monetary properties so we definitely require to ensure it’s the best individual for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a number of various options for us to start with 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 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 need to put in your charge card details or anything you can generally have this virtual portfolio simulate as if you are using your own money however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash perhaps this is a great option for you again to check the theories alright you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to sort of safe play with it undoubtedly you might have lost out on gains and losses during that time of course if you had actually invested your genuine cash it allows you to construct confidence comprehend 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 really 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 sure you understand what your danger profile is now what do i indicate 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 run the risk of simply means am i okay with possibly losing a good quantity of this investment or acquiring as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose cash that’s why they make the fact 75 people will lose cash but that similarly implies they’ll lose at some point in their journey clearly individuals do generate income too and i’ve got videos everything about how you can make sure you are among individuals to actually generate income but in this circumstance make certain you research study your risk level would you be all right providing your cash to someone else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re purchasing fully if you’re somebody who isn’t wanting to be that dangerous do not pick somebody 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 perhaps oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can really use this too actually quickly over here you can copy people now it will provide you a great deal of choices and you can use the system to really look for someone that you expensive really following so let’s see possibly we want somebody from united kingdom um who buys let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a good quantity and i can find everybody who has fulfilled that criteria and it does provide you a risk element also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to verify are you alright with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she really purchasing so let’s go into portfolio and you can see she’s rather 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 really that i buy too which is excellent so actually for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s likewise got a little bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production business as that. Bianance Fees Vs Etoro.
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