So to start the answer to Bitpanda Vs Etoro….Concerns that i speak with brand-new financiers what if you’re brand new to investing you just do not wish to decide what you in fact want to invest and you want somebody to do it for you there’s only a number of manner ins which that can occur the to start with you can employ a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 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 discovering please do study the platform don’t 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 consider that option as well so you actually 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 risk this is investing we’re doing you’re purchasing genuine business if you pick to in this particular video we’re talking about how to copy other individuals’s financial investments with your money so obviously 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 earnings 14 months in a row buy these options due to the fact that you believe is the ideal ones for you which being said 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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popular for it’s the choice to see what other traders are doing extraordinary we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can in fact say i want to do precisely what that trader is doing or match that specific portfolio of choices and basically whenever they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that suggests if for example 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 likewise cover is the fees included truly critical you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly 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 no charge sites then might not charge you for actually 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 fees with in particular in this video the next would be things to understand before you in fact start investing in copy trading or copy portfolios and finally some finest guidance finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s begin with costs actually important to comprehend these now on there’s a number of costs there isn’t fees to do with actually buying and selling okay so commission charges are totally free however there are a couple of other costs the first one is withdrawal charges so you can obviously put cash 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 however when you want 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 5 dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m just withdrawing when i absolutely need to now you might say 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 fees somewhere and withdrawal fees are just among those choices that they have a lot of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you understand depends completely how you’re investing but that is a charge to keep in mind the 2nd charge that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway 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 use anybody so if you’re using trading two and 2 free trade anybody this is basic they have i expect stuck to whatever fee they charge for that conversion rate you type of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost is there what are they actually providing you in regards to 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 have to pay their costs now the fantastic aspect of though when you have actually transformed your cash you do not have to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the initial 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 additional charges so that’s really good utilizing that part of their site will not definitely restrict you in any way nevertheless we need to know 2 other charges the first being what’s called spread fees okay and i’m going to show you what i suggest on now a spread charge as i’m going to show you
on is essentially the difference that is part of the financial investment platform between the buy cost and the list price alright 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 suggests that when you want to offer or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing rate of tesla is the worth of a share what’s called spread fees is the difference then in fact to purchase that share on the platform and you’ll discover this all over this is another way that they make a small amount of make money from you every time you do a purchaser’s share so keep that in mind certainly it’s more costly to buy than it is to offer so they’re going to provide you less back with your sale and you say all right well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference in 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 normally extremely little it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit cash now the last task is called an
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overnight fee now this is actually crucial if you’re really utilizing cfds yourself also an over night cost is when you’re not doing that buy sell deal in the same day okay there’s then an overnight fee charged or even if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which indicates you’re really buying the precise asset instead of utilizing leverage anyhow you won’t get hit with these fees however these costs 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 selling in the exact same day so let’s say if you go into the help section 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 fees then for when you’re doing over night or you’re doing over weekends and that just applies as i said to cfds there are some added fees of course depending on what you are buying too this is on your own so keep that in mind but complete costs are totally within their help info alright and we talked about along with totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of really using these copy operates they do not have any extra costs on top of the normal charges that
are there now what you require to keep in mind though is these potentially managed by other people completely or sometimes have actually produced portfolios you have actually got a genuine person doing the management you need to ensure you pick the person that’s right for you just like any profession this is your financial assets 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 wish to utilize this function we’ve got a couple of various choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your credit card details or anything you can generally have this virtual portfolio mimic 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 genuine money maybe this is a terrific alternative for you once again to test the theories all right you might want to buy tesla or apple or this etf why not use the virtual choice as a method to kind of safe play with it clearly you may have missed out on gains and losses throughout that time of course if you had actually invested your real cash it permits you to build self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my genuine 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 before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i suggest 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 means am i fine with potentially losing a good quantity of this financial investment or acquiring as
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well now remember everything is downs and ups you will earn money you’ll lose money that’s why they make the statistic 75 people will lose cash however that similarly means they’ll lose eventually in their journey undoubtedly people do generate income too and i’ve got videos everything about how you can make sure you’re one of the people to really make money but in this situation ensure you research your danger level would you be fine offering your cash to somebody else which is successfully what you’re doing and trusting them make sure you comprehend what they’re investing in totally if you’re someone who isn’t wishing to be that dangerous don’t pick someone who’s completely into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong products
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like gold or even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the 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 offer you a great deal of choices and you can use the system to in fact look for someone that you elegant actually following so let’s see perhaps we want somebody from joined kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has fulfilled that criteria and it does give you a risk aspect also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they could make four 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 validate are you fine with this and off you go now another way to really 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 quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is great so actually for me understanding what i like to purchase my private 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 companies and you’ve got you know pharmaceutical and production business as that. Bitpanda Vs Etoro.
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