On this post you’ll find the answer to Trading 212 Or Etoro….Questions that i hear from new financiers what if you’re brand new to investing you simply don’t wish to choose what you in fact want to invest and you desire someone to do it for you there’s only a couple of ways that that can take place the first off you can hire a financial investment portfolio manager they’ll typically charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is obviously you can buy 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 as well now if you’re brand new to an overall please bear in mind this platform is quite advanced you can do cfds which naturally 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 since 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 then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re investing in real business if you pick to in this particular video we’re talking about how to copy other individuals’s financial investments with your money so certainly your capital is at danger and we need to bear that in mind do not just do something because that person has said they’ve made profit 14 months in a row buy these options since you think is the best ones for you and that 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 option to see what other traders are doing extraordinary we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of options and essentially every time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that means if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges involved truly important you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no fee websites then may not charge you for in fact buying and selling etfs or funds private commodities private stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know before you really begin purchasing copy trading or copy portfolios and finally some finest recommendations best practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s begin with fees truly essential to understand these now on there’s a number of costs there isn’t fees to do with in fact buying and selling all right so commission charges are free nevertheless there are a couple of other charges the first one is withdrawal charges so you can obviously put money in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your money so you sell your shares you sell your products whatever you’re selling the minimum amount 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 certain that i’m only withdrawing when i absolutely need to now you might say okay that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are simply one of those choices that they have a great deal of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every six months you understand depends totally how you’re investing but that is a cost to remember the second cost that i’ve touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an option to buy in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re utilizing trading two and two free trade anybody this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you kind of have to accept you know if you wish to use their platform go from uk to us then that conversion charge exists what are they actually 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 offer me us dollars rather you have to pay their charges now the terrific aspect of however when you have actually transformed your money you do not need to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that implies the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s really excellent using that part of their site won’t definitely limit you in any way however we have to understand two other charges the very first being what’s called spread costs fine and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is essentially the difference that becomes 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 right now tesla’s dollar worth 599 per share in tesla that in fact indicates that when you want to sell or purchase as you can see it’s not the cost you’re seeing up here let me show you that again so the current price of tesla is the worth of a share what’s called spread costs is the difference then in fact to buy that share on the platform and you’ll find this all over this is another manner in which they make a small amount of make money from you every time you do a purchaser’s share so keep that in mind obviously 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 say okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread out fees it’s generally extremely little it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a little bit money now the last feat is called an
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over night fee now this is truly important if you’re really utilizing cfds yourself also an over night cost is when you’re not doing that buy sell transaction in the exact same day alright there’s then an over night charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one take advantage of which means you’re in fact purchasing the exact asset rather than utilizing take advantage of anyhow you won’t get hit with these charges however these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you go into the assistance section this isn’t the over night costs information you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only applies as i stated to cfds there are some added fees obviously 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 aid information okay and we spoke about along with totally free 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 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two various ways of really utilizing these copy works they don’t have any extra costs on top of the typical costs that
are there now what you require to keep in mind though is these potentially handled by other individuals totally or in some cases have developed portfolios you have actually got a genuine individual doing the management you have to make certain you select the individual that’s right for you similar to any kind of work this is your financial assets so we absolutely require to ensure it’s the right person for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of different alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real 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 cash that you’re investing you won’t need to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money maybe this is a terrific choice for you again to test the theories all right you might want to buy tesla or apple or this etf why not use the virtual alternative as a method to type of safe play with it clearly you may have missed out on gains and losses during that time naturally if you had invested your real money it allows you to build 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 in fact how to copy people and copy portfolios now here’s something to bear in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i indicate by that undoubtedly 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 implies am i all right with potentially losing a good quantity of this investment or gaining as
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well now remember everything is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 individuals will lose money but that equally indicates they’ll lose at some time in their journey certainly people do generate income as well and i’ve got videos all about how you can make certain you are among individuals to really make money however in this situation make sure you research your risk level would you be alright offering your cash to someone else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re purchasing totally if you’re somebody who isn’t wanting to be that risky don’t pick somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely want a foundation 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 say you can in fact use this too actually easily over here you can copy individuals now it will offer you a lot of choices and you can use the system to in fact search for someone that you fancy really following so let’s see perhaps we desire someone from unified kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everybody who has fulfilled that criteria 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 certainly there are a variety of individuals that have quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to verify are you all right with this and off you go now another way to actually deep dive if we click on 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 quite 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 sort of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is good so in fact for me knowing what i like to buy my individual 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 likewise got a bit more um of the type of main food companies and you’ve got you understand pharmaceutical and production companies as that. Trading 212 Or Etoro.
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