Find the answer to Should I Use Etoro Or Revolut….Questions that i hear from new investors what if you’re brand new to investing you just do not wish to decide what you actually wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can happen the to start with you can work with a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds particular funds are created 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 an overall please keep in mind this platform is quite advanced you can do cfds which obviously cfds are ways of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform do not simply assume since i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that choice as well so you in fact get utilized 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 of course your capital is at threat this is investing we’re doing you’re purchasing genuine business if you choose to in this particular video we’re speaking about how to copy other people’s investments with your money so obviously your capital is at risk and we have to bear that in mind do not simply do something since that person has stated they have actually made revenue 14 months in a row buy these choices because you believe is the right ones for you which being stated let’s dive directly in [Music] The things we’re going to cover in this video is understanding 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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famous for it’s the option to see what other traders are doing extraordinary we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can in fact state i want to do precisely what that trader is doing or match that precise 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 remains 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 crucial you comprehend what are the expenses of this now with any platform there will be some expense to certainly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no charge sites then may 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 perhaps 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 charges with in particular in this video the next would be things to know before you in fact start investing in copy trading or copy portfolios and finally some best recommendations finest practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s kick off with costs actually important to comprehend these now on there’s a number of charges there isn’t fees to do with really buying and selling fine so commission costs are totally free nevertheless there are a number of other costs the first one is withdrawal fees so you can clearly put money in now if you’re in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your cash so you offer your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m only withdrawing when i definitely require to now you may say all right 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 someplace and withdrawal costs are simply among those choices that they have a lot 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 maybe even once a year once every six months you understand depends completely how you’re investing however that is a charge to remember the second fee that i’ve touched upon is that conversion charge now with you’re handling us dollars only there’s not a choice to purchase in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading 2 and 2 open market anybody this is standard they have i suppose 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 charge is there what are they really offering 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 provide me us dollars instead you have to pay their costs now the fantastic feature of however when you’ve transformed your money you do not have to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the initial day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s actually good using that part of their website won’t certainly limit you in any way however we have to know two other charges the very first being what’s called spread costs all right and i’m going to show you what i indicate on now a spread charge as i’m going to show you
on is essentially the difference that belongs to the investment platform in between the buy rate and the list price okay it’s their premium on doing both those 2 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 in fact indicates that when you want to sell or purchase as you can see it’s not the price you’re seeing up here let me show you that once again so the present price of tesla is the value of a share what’s called spread fees is the difference then in fact to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of make money from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you say okay well why does that occur it just 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 little bit of money on those spread fees it’s normally extremely small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit cash now the last feat is called an
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over night charge now this is really essential if you’re really utilizing cfds yourself as well an overnight charge is when you’re refraining from doing that buy sell deal in the same day okay there’s then an over night cost charged and even if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which implies you’re really purchasing the precise asset rather than utilizing take advantage of anyway you won’t get hit with these fees but these costs are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you go into the aid area 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 fees then for when you’re doing over night or you’re doing over weekends which only applies as i stated to cfds there are some surcharges naturally depending upon what you are purchasing also this is on your own so keep that in mind however complete costs are totally within their assistance information all right and we discussed along with complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of really using these copy operates they do not have any extra charges on top of the normal fees that
are there now what you need to bear in mind though is these possibly handled by other people totally or in some cases have produced portfolios you’ve got a real individual doing the management you need to make sure you select the person that’s right for you just like any kind of work this is your monetary possessions so we definitely require to make sure it’s the best 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’ve got a couple of various choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are using your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money perhaps this is a great alternative for you again to check the theories fine you might 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 undoubtedly you may have missed out on gains and losses during that time obviously if you had invested your genuine money it permits you to build self-confidence comprehend 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 people and copy portfolios now here’s something to bear in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i suggest by that obviously 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 simply indicates am i all right with potentially losing a great quantity of this investment or acquiring as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose cash that’s why they make the fact 75 people will lose cash but that equally suggests they’ll lose eventually in their journey obviously individuals do make money as well and i’ve got videos everything about how you can make sure you’re one of the people to really generate income but in this circumstance make sure you research your risk level would you be alright giving your cash to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re buying fully if you’re someone who isn’t wanting to be that dangerous don’t select 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 may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually use this too truly easily over here you can copy people now it will provide you a great deal of choices and you can use the system to really look for someone that you expensive in fact following so let’s see maybe we want somebody from unified kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has fulfilled that requirements and it does provide you a risk aspect also 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 individuals that have quite high returns
keep in mind it’s like 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 could make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to validate are you alright with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can actually 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 good to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got a few of mine really that i buy too which is great so actually for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the type of primary food business and you have actually got you understand pharmaceutical and production companies as that. Should I Use Etoro Or Revolut.
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