So to start the answer to Coins Ph Vs Etoro….Questions that i hear from new financiers what if you’re brand new to investing you simply don’t want to choose what you really wish to invest and you want someone to do it for you there’s only a number of manner ins which that can happen the firstly you can work with an investment portfolio manager they’ll typically charge a quite 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 purchase mutual funds specific 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 also now if you’re brand new to a total please bear in mind this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform do not simply assume because i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they give that choice too so you actually get utilized to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in real business if you pick to in this specific video we’re discussing how to copy other people’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 since that individual has said they’ve made earnings 14 months in a row invest in these choices since you believe is the ideal ones for you which being said let’s dive directly in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.
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popular for it’s the choice to see what other traders are doing unbelievable we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can actually say i wish to do precisely what that trader is doing or match that specific portfolio of choices and essentially every time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that implies if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees involved truly critical you understand 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 purchasing the selling for you there’s going to be charges involved and even some of the zero charge websites then might not charge you for in fact buying and selling funds or etfs specific products private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 actually start buying copy trading or copy portfolios and lastly some finest suggestions finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s begin with costs actually important to comprehend these now on there’s a couple of fees there isn’t fees to do with really buying and selling alright so commission charges are complimentary nevertheless there are a number of other fees the first one is withdrawal fees so you can undoubtedly put money 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 in the future but when you want to withdraw your money so you sell your shares you sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might say all right that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are simply one of those choices 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 mainly it can be perhaps even once a year when every six months you know depends totally how you’re investing however that is a fee to remember the 2nd charge that i’ve touched upon is that conversion cost now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’s fine that matches 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 excellent with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and 2 free trade anybody this is basic they have actually i suppose stuck to whatever fee they charge for that conversion rate you kind of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost exists what are they really 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 say offer me us dollars instead you have to pay their fees now the terrific thing about however when you have actually converted your money you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s really good using that part of their website will not certainly limit you in any way nevertheless we have to be aware of 2 other charges the first being what’s called spread charges alright 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 belongs to the investment platform between the buy cost and the sale price alright 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 indicates that when you want to purchase or offer as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the existing rate of tesla is the value of a share what’s called spread charges is the distinction then in fact to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of profit from you each time you do a purchaser’s share so keep that in mind obviously it’s more pricey to buy than it is to offer so they’re going to give 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 distinction in between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread fees it’s typically exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a bit money now the last feat is called an
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over night fee now this is really essential if you’re in fact using cfds yourself also an over night fee is when you’re refraining from doing that buy sell deal in the very same day all right there’s then an overnight cost charged or even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which means you’re actually buying the exact asset instead of using leverage anyway you will not get hit with these costs but these fees are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s say if you enter into the help area this isn’t the over night charges info you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that just applies as i said to cfds there are some service charges naturally depending on what you are purchasing as well this is on your own so keep that in mind however complete fees are completely within their help info alright and we spoke about along with free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of really using these copy works they don’t have any extra charges on top of the typical charges that
are there now what you need to keep in mind though is these possibly handled by other individuals totally or often have actually created portfolios you’ve got a genuine person doing the management you need to make sure you pick the person that’s right for you just like any type of work this is your monetary possessions so we absolutely need to make sure it’s the best person for us before we copy them so the first things i would call it if you do want 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 want to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your credit card details or anything you can basically have this virtual portfolio imitate as if you are using your own cash but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real cash maybe this is a great option for you once again to test the theories alright you may wish to buy tesla or apple or this etf why not use the virtual choice as a way to sort of safe have fun with it undoubtedly you might have missed out on gains and losses throughout that time obviously if you had actually invested your genuine money it permits you to build self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back 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 prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i imply by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just suggests am i fine with potentially losing an excellent quantity of this financial investment or acquiring 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 figure 75 people will lose cash but that equally implies they’ll lose at some time in their journey certainly individuals do earn money also and i’ve got videos everything about how you can make sure you are among the people to actually earn money however in this situation make certain you research study your threat level would you be all right giving your cash to someone else which is effectively what you’re doing and trusting them ensure you comprehend what they’re purchasing totally if you’re somebody who isn’t wishing to be that risky don’t pick someone who’s entirely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually utilize this too really quickly over here you can copy people now it will provide you a great deal of choices and you can utilize the system to actually search for someone that you fancy actually following so let’s see maybe we desire somebody from united kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a good quantity and i can find everyone who has actually satisfied that requirements 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 certainly there are a number of people that have quite high returns
bear in mind 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 might make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to confirm are you okay with this and off you go now another method to actually deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she in fact investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine really that i purchase too which is excellent so in fact for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s also got a little bit more um of the sort of main food business and you have actually got you understand pharmaceutical and production business as that. Coins Ph Vs Etoro.
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