On this post you’ll find the answer to Etoro Vs Luna….Concerns that i hear from brand-new investors what if you’re brand new to investing you simply do not wish to decide what you in fact want to invest and you desire somebody to do it for you there’s only a number of ways that that can take place the first of all you can employ a financial investment portfolio manager they’ll usually charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is of course 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 keep 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 presume since i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative as well so you in fact get used to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re investing in genuine business if you choose to in this specific video we’re discussing how to copy other people’s financial investments with your cash so certainly your capital is at risk and we have to bear that in mind do not just do something because that individual has said they’ve made profit 14 months in a row invest in these choices due to the fact that you think is the right ones for you which being stated let’s dive straight in [Music] so 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 probably.
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well-known for it’s the choice to see what other traders are doing extraordinary we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can actually state i want to do precisely what that trader is doing or match that precise portfolio of options and basically whenever they make a trade they buy they sell whatever they do your money will be mimicked with it so that indicates if for instance 10 of their 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 included truly vital you understand what are the costs of this now with any platform there will be some expense to certainly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the zero cost websites then may not charge you for really buying and selling etfs or funds private commodities specific stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs 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 understand prior to you in fact start purchasing copy trading or copy portfolios and lastly some best advice best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s start with charges actually important to comprehend these now on there’s a number of charges there isn’t charges to do with actually buying and selling all right so commission fees are complimentary nevertheless there are a number of other charges the first one is withdrawal fees so you can obviously 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 but when you want to withdraw your money so you offer your shares you sell your products 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 knowing that i’m going to ensure that i’m only withdrawing when i definitely need to now you may say alright that’s rather costly 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 one of those alternatives 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 mostly it can be perhaps even once a year once every six months you know depends entirely how you’re investing but that is a fee to remember the 2nd cost that i’ve touched upon is that conversion fee now with you’re dealing in us dollars just there’s not an option to purchase in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and two open market anyone at all this is standard they have actually i suppose stuck with 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 is there what are they really 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 say provide me us dollars instead you need to pay their costs now the terrific thing about however when you’ve converted your cash you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary 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 great using that part of their website won’t certainly restrict you in any way nevertheless we need to know two other costs the first being what’s called spread fees okay and i’m going to show you what i indicate on now a spread fee as i’m going to reveal you
on is basically the difference that belongs to the financial investment platform in between the buy cost and the sale price all right 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 worth 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 show you that once again so the existing rate of tesla is the worth of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of make money from you each time you do a buyer’s share so keep that in mind obviously it’s more expensive 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 happen 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 want to offer it which is how they make a little bit of money on those spread charges it’s normally extremely small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit money now the last feat is called an
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overnight fee now this is truly crucial if you’re actually utilizing cfds yourself also an overnight cost is when you’re refraining from doing that buy offer transaction in the same day alright there’s then an overnight fee charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one take advantage of which suggests you’re really buying the exact possession instead of using leverage anyhow you won’t get hit with these costs however these costs are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy offering in the same day so let’s state if you go into the help section this isn’t the overnight fees information you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which only applies as i said to cfds there are some service charges naturally depending on what you are investing in too this is on your own so keep that in mind but full fees are totally within their aid details all right and we spoke about as well as free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of in fact utilizing these copy works they do not have any extra fees on top of the typical costs that
exist now what you require to remember though is these possibly handled by other people completely or in some cases have created portfolios you have actually got a genuine person doing the management you need to make certain you select the individual that’s right for you similar to any type of work this is your monetary properties so we absolutely need to ensure 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 use this function we have actually got a number of various options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual methods i think 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 basically have this virtual portfolio simulate as if you are utilizing your own money however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money possibly this is a fantastic option for you again to evaluate the theories alright you might want to buy tesla or apple or this etf why not use the virtual alternative 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 actually invested your genuine money it enables you to develop 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 really how to copy people and copy portfolios now here’s something to bear in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i indicate by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just means am i fine with potentially losing an excellent quantity of this financial investment or getting as
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well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose cash however that equally implies they’ll lose eventually in their journey certainly individuals do earn money also and i have actually got videos everything about how you can make sure you’re one of the people to really make money but in this circumstance make certain you research your danger level would you be all right providing your money to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re purchasing fully if you’re someone who isn’t wishing to be that dangerous do not select someone who’s entirely 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 might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually utilize this too truly quickly over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to in fact search for someone that you fancy really following so let’s see perhaps we desire somebody from united kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has met that criteria and it does provide you a threat factor too so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals that have rather high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to verify are you fine with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she really purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is excellent so really for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she prefers she’s likewise got a bit more um of the kind of main food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Vs Luna.
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