So to start the answer to Uphold Vs Etoro….Concerns that i hear from brand-new financiers what if you’re brand new to investing you merely don’t wish to choose what you in fact want to invest and you want somebody to do it for you there’s only a number of ways that that can happen the first of all you can work with an investment portfolio manager they’ll typically charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are developed 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 advanced you can do cfds which of course cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just assume due to the fact that i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that option also so you in fact 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 business if you select to in this particular video we’re speaking about how to copy other individuals’s 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 individual has actually said they’ve made revenue 14 months in a row invest in these choices since you think is the ideal ones for you which being stated 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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popular for it’s the choice to see what other traders are doing amazing we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can actually state i wish to do exactly what that trader is doing or match that exact portfolio of options and basically every time they make a trade they buy they sell 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 charges involved really crucial you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are genuine 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 zero cost sites then might not charge you for in fact buying and selling funds or etfs specific commodities private stocks.
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there’ll be charges on other parts maybe 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 show you the charges with in particular in this video the next would be things to know before you actually start purchasing copy trading or copy portfolios and finally some finest recommendations best practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s kick off with fees actually important to comprehend these now on there’s a couple of costs there isn’t charges to do with actually buying and selling alright so commission costs are totally free however there are a number of other charges the very first one is withdrawal fees so you can certainly put cash in now if you remain 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 on but when you wish to withdraw your cash so you offer your shares you offer your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you may say fine that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are just among those alternatives that they have a lot of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every six months you know depends completely how you’re investing but that is a charge to bear in mind the 2nd cost that i’ve discussed is that conversion fee now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk which’s great that fits me.
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a great deal 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 utilize anyone so if you’re utilizing trading 2 and two free trade anyone at all this is basic they have actually i suppose stuck with whatever fee 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 fee is there what are they in fact offering 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 state provide me us dollars instead you need to pay their charges now the terrific feature of however when you have actually converted your cash you do not have to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s actually excellent using that part of their website will not certainly limit you in any way however we need to be aware of two other charges the very first being what’s called spread costs alright and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you
on is generally the distinction that belongs to the financial investment platform in between the buy price 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 right now tesla’s dollar value 599 per share in tesla that actually means that when you want to offer or purchase as you can see it’s not the price you’re seeing up here let me reveal you that again so the present price of tesla is the worth of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of make money from you every time you do a buyer’s share so keep that in mind undoubtedly 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 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 offer it which is how they make a little bit of cash on those spread out fees it’s usually extremely 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 fee now this is actually important if you’re really using cfds yourself also an overnight fee is when you’re not doing that buy sell deal in the exact same day all right there’s then an over night charge charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which suggests you’re really purchasing the precise property instead of using utilize anyway you won’t get hit with these fees however these fees are if you’re using utilize 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 section this isn’t the overnight fees information 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 and that only uses as i said to cfds there are some surcharges naturally depending on what you are purchasing too this is on your own so keep that in mind however complete fees are totally within their assistance details okay and we talked about along with totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of in fact utilizing these copy works they do not have any additional costs on top of the typical charges that
are there now what you require to remember though is these potentially managed by other individuals entirely or often have actually produced portfolios you’ve got a genuine person doing the management you have to make sure you pick the person that’s right for you just like any kind of work this is your financial possessions so we absolutely need to make certain it’s the best individual for us prior to 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 options for us first off 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 ways i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are using your own cash but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real cash possibly this is a great option for you once again to test the theories alright you may wish to purchase tesla or apple or this etf why not use the virtual option as a way 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 invested your genuine cash it allows you to build self-confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to bear in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i imply by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just indicates am i fine with possibly losing an excellent quantity of this financial investment or getting as
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well now keep in mind everything is downs and ups you will earn money you’ll lose money that’s why they make the fact 75 people will lose money but that equally implies they’ll lose eventually in their journey certainly individuals do make money too and i have actually got videos everything about how you can make sure you are among individuals to in fact make money but in this circumstance make certain you research study your threat level would you be fine giving your money to someone else which is efficiently 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 dangerous do not select somebody who’s completely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong products
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like gold or even oil plus more standard etfs and index funds you may 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 in fact utilize this too actually quickly over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to actually search for someone that you expensive actually following so let’s see perhaps we desire somebody from joined kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can find everybody who has actually met that requirements and it does give you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have rather high returns
remember it’s like anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you fine 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 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 understand ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine in fact that i invest in too which is excellent so actually for me understanding 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 appears to be what she chooses she’s also got a bit more um of the kind of primary food companies and you’ve got you know pharmaceutical and production business as that. Uphold Vs Etoro.
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