Freetrade Vs Etoro – Turtles of Trading

On this post you’ll find the answer to Freetrade Vs Etoro….Concerns that i speak with new financiers what if you’re brand new to investing you simply don’t wish to decide what you actually wish to invest and you desire someone to do it for you there’s just a number of ways that that can happen the firstly you can work with an investment portfolio manager they’ll generally charge a rather 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 particular funds are developed 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 also now if you’re brand new to a total please remember this platform is rather innovative you can do cfds which obviously cfds are methods of investing

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with not really having the full amount of capital so with anything that you’re finding out about please do study the platform do not simply presume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they consider that option too so you in fact get used to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying genuine companies if you choose to in this particular video we’re discussing how to copy other people’s financial investments with your money so clearly your capital is at threat and we have to bear that in mind do not just do something since that individual has said they’ve made revenue 14 months in a row purchase these choices due to the fact that you believe is the right ones for you which 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 element that is most likely.

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well-known for it’s the choice to see what other traders are doing incredible we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can in fact say i want to do exactly what that trader is doing or match that precise portfolio of choices and generally whenever they make a trade they buy they offer whatever they do your cash will be mimicked with it so that indicates if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs involved actually critical you comprehend what are the costs of this now with any platform there will be some expense to certainly these are genuine business 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 cost sites then might not charge you for really buying and selling funds or etfs individual products specific stocks.

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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know before you actually start purchasing copy trading or copy portfolios and finally some best suggestions finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s kick off with charges really essential to comprehend these now on there’s a number of fees there isn’t costs to do with actually buying and selling alright so commission charges are totally free nevertheless there are a number of other fees the first one is withdrawal costs so you can undoubtedly put cash in now if you remain in the uk we put our uk money.

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and it’s immediately converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your cash so you sell your shares you offer your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m just withdrawing when i absolutely require to now you might say okay that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are just one of those alternatives that they have a great deal of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every six months you understand depends entirely how you’re investing but that is a charge to keep in mind the 2nd charge that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s fine that matches me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading two and two free trade anyone at all this is basic they have i expect stuck to whatever cost they charge for that conversion rate you type of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee 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 bargain with them you can’t go to the bank and state provide me us dollars instead you need to pay their costs now the fantastic aspect of though when you’ve converted your cash you do not have to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that means the initial 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 really great using that part of their website won’t definitely limit you in any way nevertheless we need to understand two other fees the very first being what’s called spread costs all right and i’m going to show you what i imply on now a spread charge as i’m going to show you

on is basically the distinction that is part of the financial investment platform in between the buy cost 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 site today tesla’s dollar worth 599 per share in tesla that really suggests that when you wish to purchase or offer as you can see it’s not the cost you’re seeing up here let me show you that once again so the current price of tesla is the worth of a share what’s called spread costs is the distinction then in fact to purchase that share on the platform and you’ll discover this everywhere this is another way that 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 pricey to buy than it is to sell so they’re going to give you less back with your sale and you state okay well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to offer it which is how they make a little bit of money on those spread fees it’s typically incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a little bit cash now the last task is called an

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overnight cost now this is really crucial if you’re really using cfds yourself also an overnight cost is when you’re refraining from doing that buy offer transaction in the very same day alright there’s then an over night 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 in fact buying out the etf the stock the commodity and using time one utilize which suggests you’re actually purchasing the specific asset rather than utilizing leverage anyway you will not get hit with these charges but these costs are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s say if you go into the aid section this isn’t the over night fees information you can see precisely the breakdown and it’ll tell 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 stated to cfds there are some service charges of course depending upon what you are purchasing too this is on your own so keep that in mind but complete fees are completely within their aid information all right and we talked about 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 regular product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of actually using these copy functions they do not have any extra charges on top of the normal charges that

exist now what you need to remember though is these potentially handled by other people completely or in some cases have developed portfolios you’ve got a real individual doing the management you have to make certain you choose the person that’s right for you similar to any type of work this is your financial assets so we definitely require to make certain it’s the ideal individual for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of different options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your credit card details or anything you can basically have this virtual portfolio mimic as if you are using your own money however in fact buy pretend buy copy people whatever you like if you’re not

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feeling comfy with utilizing your genuine money possibly this is a great choice for you again to check 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 sort of safe play with it undoubtedly you may have missed out on gains and losses throughout that time of course if you had actually invested your real cash it enables you to construct confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my real 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 prior to you choose somebody 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 mean by that certainly 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 fine with possibly losing a good amount of this financial investment or gaining as

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well now remember whatever is ups and downs you will generate income you’ll lose cash that’s why they make the fact 75 people will lose cash however that similarly suggests they’ll lose eventually in their journey obviously people do earn money also and i have actually got videos everything about how you can ensure you are among the people to actually earn money however in this circumstance ensure you research study your danger level would you be okay giving your cash to someone else which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in totally if you’re somebody who isn’t wanting to be that dangerous do not select somebody who’s completely into crypto or currency conversion think of it you ‘d most likely want a backbone of strong commodities

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like gold and even oil plus more conventional etfs and index funds you might 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 in fact utilize this too really easily over here you can copy people now it will provide you a lot of choices and you can use the system to actually search for somebody that you fancy in fact following so let’s see maybe we desire someone from unified kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everybody who has fulfilled that requirements and it does give you a risk factor also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of individuals that have quite high returns

keep 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 chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to verify 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 actually deep dive into what is she really buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got some of mine really that i purchase too which is excellent so actually for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s likewise got a little bit more um of the kind of main food business and you have actually got you know pharmaceutical and production business as that. Freetrade Vs Etoro.

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