On this post you’ll find the answer to Exodus Vs Etoro….Concerns that i speak with brand-new financiers what if you’re brand new to investing you simply don’t want to decide what you actually want to invest and you want somebody to do it for you there’s only a number of manner ins which that can occur the firstly you can hire an investment portfolio supervisor they’ll normally charge a quite a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is naturally you can buy mutual funds particular 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 sophisticated you can do cfds which naturally cfds are ways of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform do not just 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 cash they consider that alternative as well so you really get used to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re purchasing real companies if you select to in this specific video we’re discussing how to copy other people’s financial investments with your money so certainly your capital is at threat and we have to bear that in mind do not just do something since that individual has said they have actually made revenue 14 months in a row purchase these choices because you believe is the ideal ones for you and that being stated let’s dive directly in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.
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popular for it’s the option to see what other traders are doing extraordinary we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can in fact say i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and basically whenever they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that suggests 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 charges included truly important you comprehend what are the expenses 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 involved and even a few of the no charge websites then may not charge you for actually buying and selling funds or etfs individual commodities specific stocks.
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there’ll be charges on other parts possibly 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 fees with in particular in this video the next would be things to know before you really begin investing in copy trading or copy portfolios and lastly some finest guidance finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s begin with fees really important to understand these now on there’s a number of charges there isn’t charges to do with in fact buying and selling all right so commission costs are free nevertheless there are a number of other costs the very first one is withdrawal fees so you can certainly put money in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your money so you sell 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 obviously understanding that i’m going to ensure that i’m just withdrawing when i absolutely need to now you may say alright 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 fees are simply among those options that they have a great deal of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every six months you understand depends completely how you’re investing but that is a fee to bear in mind the second fee that i have actually touched upon is that conversion fee now with you’re dealing in us dollars just 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 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 using trading 2 and two open market anyone at all this is standard they have i expect stuck with whatever cost they charge for that conversion rate you sort of have to accept you understand if you want to utilize their platform go from uk to us then that conversion cost is there what are they actually providing 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 say provide me us dollars instead you need to pay their charges now the great thing about though when you’ve transformed your money you do not have to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that means the preliminary 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 extra charges so that’s actually great using that part of their website won’t definitely limit you in any way nevertheless we have to understand two other charges the very first being what’s called spread charges okay and i’m going to reveal you what i suggest on now a spread charge as i’m going to show you
on is generally the distinction that is part of the investment platform in between the buy price and the list price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really indicates that when you wish to offer or purchase as you can see it’s not the price you’re seeing up here let me show you that again so the existing rate of tesla is the value of a share what’s called spread fees is the difference 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 profit from you each time you do a buyer’s share so keep that in mind clearly it’s more pricey to buy than it is to offer so they’re going to provide you less back with your sale and you state okay well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to offer it which is how they make a little bit of cash on those spread out costs it’s generally extremely 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 money now the last feat is called an
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overnight cost now this is truly important if you’re in fact using cfds yourself too an overnight fee is when you’re not doing that buy offer deal in the exact same day all right there’s then an overnight fee charged or even if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which means you’re really buying the precise property instead of utilizing leverage anyway you won’t get hit with these fees however these costs are if you’re utilizing utilize 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 say if you enter into the help area this isn’t the over night costs details 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 overnight or you’re doing over weekends and that just applies as i stated to cfds there are some added fees naturally depending on what you are investing in also this is on your own so keep that in mind but complete costs are entirely within their assistance details all right and we discussed 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 commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of actually utilizing these copy functions they don’t have any additional fees on top of the normal charges that
are there now what you need to keep in mind though is these potentially managed by other individuals totally or in some cases have created portfolios you’ve got a real person doing the management you have to make sure you pick the person that’s right for you similar to any profession this is your monetary assets so we definitely need to make sure it’s the right person 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 different options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual methods 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 mimic as if you are utilizing your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash maybe this is a great choice for you again to evaluate the theories all right you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe play with it undoubtedly you may have missed out on gains and losses during that time naturally if you had actually invested your genuine money it permits you to develop 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 remember prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i mean by that clearly 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 indicates am i alright with possibly losing a good amount of this financial investment or getting as
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well now keep in mind everything is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 people will lose money but that similarly implies they’ll lose at some point in their journey undoubtedly people do make money too and i have actually got videos everything about how you can make certain you are among the people to in fact earn money but in this scenario ensure you research your danger level would you be fine giving your money to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re investing in completely if you’re somebody who isn’t wishing to be that risky don’t select someone who’s completely into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong commodities
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like gold or even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can really use this too truly quickly over here you can copy people now it will give you a great deal of choices and you can use the system to in fact look for someone that you fancy really following so let’s see maybe we want somebody from united kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can find everybody who has fulfilled that requirements and it does give you a threat aspect too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns
remember 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 could make four or minus 50 there’s no other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to validate are you alright with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she in fact buying so let’s go into portfolio and you can see she’s rather 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 kind of into those blue box and the tech industry she’s got some of mine really that i purchase too which is excellent so actually for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the sort of main food companies and you’ve got you understand pharmaceutical and production business as that. Exodus Vs Etoro.
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