Find the answer to Ask Vs Bid Etoro….Concerns that i hear from new financiers what if you’re brand new to investing you simply do not wish to decide what you actually wish to invest and you want somebody to do it for you there’s only a couple of manner ins which that can take place the to start with you can hire an investment portfolio manager they’ll normally charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is obviously you can buy mutual funds specific funds are produced 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 as well now if you’re brand new to an overall please remember this platform is rather 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 finding out about please do study the platform do not simply assume since i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they give that option as well so you actually get utilized to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in genuine business if you choose to in this particular video we’re speaking 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 individual has actually stated they’ve made revenue 14 months in a row invest in these options due to the fact that you think is the right ones for you and that 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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well-known for it’s the option to see what other traders are doing incredible 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 implies with our money we can really say i want to do precisely what that trader is doing or match that specific portfolio of choices and essentially whenever they make a trade they purchase they sell whatever they do your money will be imitated with it so that implies if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges included actually important you understand what are the costs of this now with any platform there will be some cost to certainly 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 a few of the absolutely no charge sites then may not charge you for really buying and selling etfs or funds private 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 kinds of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know before you really begin buying copy trading or copy portfolios and finally some best advice best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s start with fees actually crucial to understand these now on there’s a number of charges there isn’t fees to do with actually buying and selling fine so commission costs are free nevertheless there are a number of other fees the first one is withdrawal charges 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 instantly converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your money so you sell 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 of course knowing that i’m going to ensure that i’m only withdrawing when i absolutely need to now you may say alright that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are just one of those choices that they have a lot of platforms certainly are totally 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 six months you understand depends totally how you’re investing but that is a fee to keep in mind the second charge that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not an option to purchase in euros or uk and that’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 or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading two and two open market anybody this is standard they have i suppose stuck to whatever fee they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion charge is there what are they actually giving 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 great thing about however when you have actually converted your money 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 indicates the initial day that you buy 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 actually excellent utilizing that part of their site won’t certainly restrict you in any way however we need to understand 2 other costs the very first being what’s called spread charges okay and i’m going to reveal you what i mean on now a spread cost as i’m going to show you
on is basically 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 two actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that in fact suggests that when you want to buy or offer as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the current price of tesla is the value 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 manner in which they make a percentage of benefit from you each time you do a purchaser’s share so keep that in mind clearly 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 state fine well why does that happen 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 cash on those spread charges it’s usually exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a little bit cash now the last accomplishment is called an
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over night cost now this is really important if you’re really using cfds yourself as well an over night cost is when you’re refraining from doing that buy offer transaction in the same day all right there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one take advantage of which suggests you’re in fact buying the precise possession instead of using leverage anyway you won’t get hit with these fees however these charges are if you’re utilizing leverage and cfds and after that you’re going to have these costs if you’re not buy selling in the exact same day so let’s say if you enter into the aid section this isn’t the over night costs info 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 which just uses as i stated to cfds there are some service charges of course depending upon what you are investing in as well this is on your own so keep that in mind however complete fees are entirely within their aid details okay and we discussed in addition to free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of actually utilizing these copy works they don’t have any additional charges on top of the normal fees that
exist now what you require to remember though is these possibly managed by other people totally or sometimes have actually produced portfolios you’ve got a real person doing the management you need to make sure you choose the individual that’s right for you similar to any line of work this is your monetary properties so we definitely need to make certain it’s the right person 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 couple of different alternatives 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 genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your credit card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash however really 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 an excellent alternative for you again to test the theories okay you might wish to buy tesla or apple or this etf why not utilize the virtual option as a way to type of safe have fun with it clearly you may have missed out on gains and losses during that time obviously if you had invested your genuine cash it allows you to build confidence understand the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind prior to you pick 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 obviously 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 risk simply means am i okay with potentially losing an excellent quantity of this investment or gaining as
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well now keep in mind whatever is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose money but that equally suggests they’ll lose eventually in their journey undoubtedly people do generate income too and i’ve got videos everything about how you can make certain you are among individuals to in fact make money but in this circumstance ensure you research study your danger level would you be alright offering your cash to somebody else which is successfully what you’re doing and trusting them ensure you understand what they’re buying fully if you’re somebody who isn’t wishing to be that risky do not pick someone who’s completely into crypto or currency conversion think of it you ‘d probably want a backbone of strong products
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like gold and even oil plus more traditional etfs and index funds you may 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 use this too actually quickly 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 somebody that you elegant really following so let’s see maybe we desire somebody from united kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has actually fulfilled that requirements and it does provide you a risk aspect too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then 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 this person for example ruby mza as an example you can actually deep dive into what is she actually investing in 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 excellent to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine actually that i buy too which is great so in fact for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s also got a little bit more um of the sort of main food companies and you have actually got you understand pharmaceutical and production business as that. Ask Vs Bid Etoro.
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