So to start the answer to Cex Io Vs Etoro Reddit….Questions that i speak with brand-new investors what if you’re brand new to investing you merely do not wish to choose what you really want to invest and you want somebody to do it for you there’s just a number of manner ins which that can occur the firstly you can employ a financial investment portfolio supervisor they’ll usually charge a rather a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is of course you can buy mutual funds specific funds are developed once 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 as well now if you’re brand new to a total please bear in mind this platform is rather advanced you can do cfds which obviously cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning about please do study the platform don’t just assume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they give that alternative also so you really get used to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re buying real companies if you pick to in this specific video we’re talking about how to copy other people’s financial investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not just do something since that individual has stated they’ve made revenue 14 months in a row invest in these choices due to the fact that you believe is the right ones for you and that being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one element that is most likely.
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famous for it’s the choice to see what other traders are doing incredible we do not normally 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 exact portfolio of options and generally every time they make a trade they purchase they offer whatever they do your money will be simulated with it so that indicates if for instance 10 of their financial 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 costs involved really important you comprehend what are the costs of this now with any platform there will be some expense to certainly 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 no fee sites then might not charge you for in fact buying and selling funds or etfs individual products private 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 sort 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 prior to you in fact begin purchasing copy trading or copy portfolios and lastly some finest recommendations best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s start with fees really crucial to understand these now on there’s a couple of fees there isn’t charges to do with actually buying and selling okay so commission charges are totally free however there are a number of other costs the first one is withdrawal charges so you can obviously put money in now if you’re in the uk we put our uk money.
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and it’s instantly 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 quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you may say all right that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are simply among those alternatives that they have a great deal of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every six months you understand depends entirely how you’re investing however that is a cost to keep in mind the 2nd charge 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 anyhow or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading two and 2 free trade anyone at all this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you sort of need to accept you understand if you want to utilize their platform go from uk to us then that conversion charge exists what are they really providing 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 say offer me us dollars rather you need to pay their charges now the terrific thing about though when you’ve transformed your money you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that means 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 costs so that’s actually excellent utilizing that part of their website will not definitely limit you in any way nevertheless we need to know two other fees the very first being what’s called spread fees all right and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is generally the difference that becomes part of the financial investment platform between the buy rate and the price okay 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 really means that when you want to buy or offer as you can see it’s not the price you’re seeing up here let me show you that again so the current cost of tesla is the worth of a share what’s called spread fees is the distinction then in fact to buy that share on the platform and you’ll find this all over this is another way that they make a small amount of profit from you whenever you do a buyer’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 all right well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a bit of money on those spread charges it’s normally exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit money now the last accomplishment is called an
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overnight cost now this is really important if you’re really utilizing cfds yourself as well an overnight cost is when you’re not doing that buy sell transaction in the exact same day fine there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which suggests you’re in fact purchasing the precise asset instead of using utilize anyway you won’t get hit with these charges but these fees are if you’re utilizing utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s state if you enter into the help section this isn’t the overnight fees info 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 which only uses as i said to cfds there are some additional charges obviously depending on what you are investing in too this is on your own so keep that in mind but complete fees are entirely within their assistance information okay and we talked about as well as free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of really utilizing these copy operates they do not have any additional charges on top of the regular costs that
exist now what you require to keep in mind though is these possibly managed by other individuals completely or in some cases have actually produced portfolios you’ve got a genuine person doing the management you need to ensure you select the individual that’s right for you much like any line of work this is your financial properties so we absolutely need to make certain it’s the ideal 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 have actually got a couple of various options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash 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 will not require to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are using your own cash but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money perhaps this is an excellent option for you once again to check the theories all right you might want to buy tesla or apple or this etf why not utilize the virtual choice as a method to type of safe have fun with it undoubtedly you may have missed out on gains and losses throughout that time of course if you had actually invested your genuine cash it permits you to construct self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return 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 remember before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure 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 state the longer you’re leaving your investments the riskier you can be risk just means am i okay with possibly losing a great quantity of this investment or gaining as
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well now remember everything is downs and ups you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose cash however that similarly indicates they’ll lose eventually in their journey clearly people do earn money also 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 situation ensure you research your risk level would you be okay providing your cash to somebody else which is successfully what you’re doing and trusting them ensure you comprehend what they’re investing in fully if you’re somebody who isn’t wanting to be that risky do not select someone who’s totally into crypto or currency conversion think about it you ‘d probably desire a backbone of strong products
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like gold or even oil plus more traditional 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 state you can actually utilize this too truly easily over here you can copy people now it will give you a lot of options and you can use the system to actually look for someone that you expensive really following so let’s see possibly we want someone from united kingdom um who purchases let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has fulfilled that criteria and it does offer you a risk factor 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
remember it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way 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 in fact deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she actually purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got a few of mine in fact that i purchase too which is great so in fact for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s likewise got a bit more um of the type of primary food business and you’ve got you know pharmaceutical and production companies as that. Cex Io Vs Etoro Reddit.
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