Etoro Vs Moomoo – Turtles of Trading

On this post you’ll find the answer to Etoro Vs Moomoo….Questions that i speak with brand-new financiers what if you’re brand new to investing you just do not want to decide what you actually want to invest and you want someone to do it for you there’s just a number of manner ins which that can happen the firstly you can employ an investment portfolio manager 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 obviously you can purchase 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 as well now if you’re brand new to a total please bear in mind this platform is quite advanced you can do cfds which obviously cfds are methods of investing

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with not actually having the total of capital so with anything that you’re learning more about please do study the platform do not simply presume because 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 also so you actually get utilized to the structure of the website and after that 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 buying real companies if you pick to in this specific video we’re discussing how to copy other individuals’s investments with your money so obviously your capital is at threat and we have to bear that in mind do not just do something because that individual has stated they have actually made profit 14 months in a row invest in these options since you believe is the ideal ones for you and that being stated let’s dive straight 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 probably.

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popular for it’s the option to see what other traders are doing amazing we do not usually 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 money we can really say i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and basically each time they make a trade they buy they offer whatever they do your cash 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 likewise cover is the fees involved actually vital you understand what are the expenses of this now with any platform there will be some expense to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no cost sites then might not charge you for really buying and selling funds or etfs specific commodities specific stocks.

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there’ll be costs 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 reveal you the fees with in particular in this video the next would be things to understand before you in fact begin investing in copy trading or copy portfolios and finally some best recommendations best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s kick off with charges truly important to comprehend these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling all right so commission fees are complimentary nevertheless there are a number of other fees the very first one is withdrawal charges 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 instantly converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your cash so you sell your shares you sell 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 understanding that i’m going to make sure that i’m only withdrawing when i absolutely require to now you might state okay that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are simply among those options that they have a great deal 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 maybe even once a year when every six months you know depends entirely how you’re investing but that is a fee to keep in mind the 2nd fee that i’ve discussed is that conversion cost now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk and that’s great that fits me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps 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 using trading 2 and 2 free trade anyone at all this is standard they have actually i suppose stuck with whatever fee they charge for that conversion rate you type of have to accept you know if you want to use 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 bargain with them you can’t go to the bank and say offer me us dollars rather you need to pay their fees now the great aspect of however when you’ve transformed your cash you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s actually excellent using that part of their site will not certainly restrict you in any way however we need to know two other costs the very first being what’s called spread charges fine and i’m going to show you what i suggest on now a spread cost as i’m going to reveal you

on is generally the difference that is part of the financial investment platform in between the buy price and the list 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 today tesla’s dollar worth 599 per share in tesla that actually indicates that when you wish 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 cost of tesla is the worth of a share what’s called spread costs is the distinction then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to offer so they’re going to offer 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 want to offer it which is how they make a bit of money on those spread charges it’s usually exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit cash now the last task is called an

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over night charge now this is actually essential if you’re in fact utilizing cfds yourself too an over night cost is when you’re refraining from doing that buy sell transaction in the same day okay there’s then an over night fee charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one leverage which suggests you’re really buying the exact asset rather than using leverage anyhow you will not get hit with these costs however these charges are if you’re utilizing take advantage of and cfds and after that you’re going to have these charges if you’re not buy offering in the very same day so let’s say if you enter into the assistance 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 fees then for when you’re doing over night or you’re doing over weekends and that just uses as i said to cfds there are some surcharges naturally depending upon what you are purchasing as well this is on your own so keep that in mind but complete charges are totally within their assistance information okay and we discussed as well as totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of actually using these copy functions they don’t have any extra costs on top of the normal fees that

are there now what you require to keep in mind though is these possibly managed by other people completely or in some cases have actually produced portfolios you’ve got a real person doing the management you need to make sure you choose the person that’s right for you similar to any profession this is your financial possessions so we absolutely require to ensure it’s the right 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 have actually got a couple of different choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your credit card details or anything you can basically have this virtual portfolio mimic as if you are utilizing your own cash but in fact buy pretend buy copy people whatever you like if you’re not

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feeling comfortable with using your real money possibly this is a terrific 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 choice as a way to sort of safe have fun with it obviously you may have lost out on gains and losses during that time obviously if you had invested your genuine money it allows you to construct self-confidence understand the platform so that’s one option 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 individuals and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat 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 investments the riskier you can be run the risk of simply indicates am i okay with potentially losing an excellent amount of this financial investment or getting as

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well now remember whatever is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose money however that equally suggests they’ll lose at some point in their journey clearly people do make money as well and i’ve got videos everything about how you can make certain you are among the people to really make money but in this scenario make certain you research study your threat level would you be alright offering your cash to someone else which is effectively what you’re doing and trusting them ensure you understand what they’re investing in totally if you’re someone who isn’t wishing to be that risky don’t pick somebody who’s completely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong commodities

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like gold and even oil plus more traditional etfs and index funds you may not want 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 utilize this too really easily over here you can copy individuals now it will offer you a lot of options and you can use the system to actually search for someone that you elegant actually following so let’s see maybe we want someone from unified kingdom um who invests in let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has actually fulfilled that criteria and it does give you a risk element also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of individuals that have quite high returns

bear 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 might make four or minus 50 there’s no chance to ensure so do keep that in mind and as simple 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 this person for instance ruby mza as an example you can in fact deep dive into what is she really investing in 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 great to know ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is excellent so in fact for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she prefers she’s also got a little bit more um of the kind of main food business and you’ve got you understand pharmaceutical and production business as that. Etoro Vs Moomoo.

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