On this post you’ll find the answer to Luno Vs Etoro….Concerns that i hear from new investors what if you’re brand new to investing you just don’t wish to choose what you in fact 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 first off you can hire a financial investment portfolio manager they’ll normally charge a quite a high premium to do that perhaps one or two percent of your profits will go to them the other thing is of course you can purchase mutual funds particular funds are produced 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 too now if you’re brand new to a total please remember this platform is quite innovative you can do cfds which of course cfds are ways 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 don’t simply presume since i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they consider that option too so you actually get utilized to the structure of the site and then when you’re ready to utilize your own cash 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 real business if you select to in this particular video we’re talking about how to copy other individuals’s financial investments with your money so clearly your capital is at danger and we have to bear that in mind do not simply do something because that person has stated they’ve made profit 14 months in a row purchase these options since you think is the ideal ones for you which being said let’s dive directly in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is most likely.
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famous for it’s the choice to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can in fact say i want to do precisely what that trader is doing or match that precise portfolio of alternatives and basically every time they make a trade they purchase they offer whatever they do your cash will be simulated with it so that implies if for example 10 of their financial 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 costs involved actually important you understand what are the expenses of this now with any platform there will be some expense to clearly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the absolutely no fee sites then may not charge you for in fact buying and selling etfs or funds individual products private stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of fees 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 understand prior to you in fact start buying copy trading or copy portfolios and finally some best advice best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s begin with costs actually essential to understand these now on there’s a number of costs there isn’t charges to do with really buying and selling all right so commission costs are complimentary nevertheless there are a number of other fees the very first one is withdrawal charges 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 instantly converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your money 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 knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you might state all right that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are just one of those options that they have a great deal of platforms undoubtedly are free 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 understand depends completely how you’re investing but that is a cost to keep in mind the 2nd charge that i’ve discussed is that conversion fee now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk and that’s great that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading 2 and 2 open market anyone at all this is standard they have i expect stuck to whatever cost they charge for that conversion rate you kind of need to accept you understand if you want to utilize their platform go from uk to us then that conversion fee exists what are they in fact 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 state give me us dollars instead you have to pay their costs now the terrific feature of however when you’ve transformed your money you do not need to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that indicates the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s truly excellent using that part of their site will not definitely limit you in any way nevertheless we have to understand two other costs the very first being what’s called spread costs fine and i’m going to show you what i mean on now a spread fee as i’m going to show you
on is generally the difference that belongs to the financial investment platform between the buy rate and the sale price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really suggests that when you wish to sell or buy as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the existing cost of tesla is the value of a share what’s called spread costs is the distinction then actually to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of benefit from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to buy than it is to sell so they’re going to give you less back with your sale and you state alright well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to sell it which is how they make a bit of cash on those spread out costs it’s typically incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a little bit cash now the last accomplishment is called an
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overnight fee now this is really essential if you’re actually using cfds yourself also an overnight cost is when you’re not doing that buy sell deal in the same day all right there’s then an overnight fee charged or even if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one leverage which means you’re in fact purchasing the exact property instead of utilizing utilize anyway you won’t get hit with these charges but these charges are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you go into the help area this isn’t the overnight costs information 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 only applies as i said to cfds there are some surcharges of course depending upon what you are investing in also this is on your own so keep that in mind but complete charges are entirely within their aid information okay and we talked about as well as totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 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 works they don’t have any additional fees on top of the normal charges that
exist now what you need to bear in mind though is these potentially handled by other individuals totally or often have produced portfolios you’ve got a real person doing the management you need to make certain you select the individual that’s right for you just like any line of work this is your monetary properties so we absolutely require to ensure it’s the ideal person for us before 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 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 genuine money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your credit card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own money but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money maybe this is a terrific choice for you again to evaluate the theories fine you might want to purchase tesla or apple or this etf why not utilize the virtual choice as a method to sort of safe have fun with it obviously you may have lost out on gains and losses during that time of course if you had invested your genuine money it allows you to construct confidence comprehend the platform so that’s one choice 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 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 indicate 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 just implies am i fine with potentially losing a good quantity of this investment or acquiring as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the fact 75 individuals will lose money however that equally implies they’ll lose at some point in their journey certainly individuals do generate income also and i have actually got videos all about how you can ensure you’re one of individuals to actually earn money but in this scenario make certain you research your threat level would you be fine offering your cash to another person which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in fully if you’re someone who isn’t wishing to be that risky don’t choose somebody who’s entirely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong products
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like gold and even oil plus more traditional etfs and index funds you may 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 really use this too truly easily over here you can copy people now it will give 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 possibly we desire someone from joined kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can discover everybody who has satisfied that requirements and it does give you a risk aspect also 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 quite high returns
remember it’s like anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to guarantee 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 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 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 great to know ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine really that i invest in too which is excellent so really for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s also got a bit more um of the type of primary food business and you have actually got you know pharmaceutical and production business as that. Luno Vs Etoro.
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