On this post you’ll find the answer to Trading Platform Etoro Vs Ig….Concerns that i hear from brand-new investors what if you’re brand new to investing you merely don’t want to decide what you actually wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can occur the first off you can employ an investment portfolio manager they’ll normally charge a quite a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is of course you can buy mutual funds particular funds are created 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 also now if you’re brand new to an overall please remember this platform is quite advanced you can do cfds which naturally cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform don’t just presume because i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they give that alternative also so you really get used to the structure of the website and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re purchasing real companies if you choose to in this particular video we’re speaking about how to copy other people’s investments with your cash so certainly your capital is at risk and we need to bear that in mind do not simply do something since that individual has said they’ve made profit 14 months in a row purchase these options because you think is the right ones for you which being said let’s dive straight in [Music] so the important 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 probably.
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popular for it’s the option to see what other traders are doing amazing we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can really say i want to do precisely what that trader is doing or match that specific portfolio of alternatives and generally each time they make a trade they buy they sell whatever they do your cash will be simulated with it so that indicates if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees involved truly crucial you comprehend what are the expenses of this now with any platform there will be some cost to clearly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero cost sites then may not charge you for in fact buying and selling etfs or funds private products individual stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs 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 purchasing copy trading or copy portfolios and lastly some best guidance best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s kick off with charges actually crucial to comprehend these now on there’s a number of fees there isn’t charges to do with in fact buying and selling fine so commission fees are totally free however 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 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 offer 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 5 dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m only withdrawing when i definitely require to now you may state alright that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are just one of those choices that they have a lot of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every 6 months you understand depends entirely how you’re investing however that is a fee to bear in mind the second fee that i’ve touched upon 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 suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading 2 and two free trade anyone at all this is standard they have i expect stuck with whatever cost they charge for that conversion rate you sort of need to accept you understand if you want to use their platform go from uk to us then that conversion charge is there what are they really 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 state offer me us dollars rather you have to pay their costs now the terrific thing about however when you have actually converted your cash you do not have to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that means the preliminary 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 actually great using that part of their website won’t certainly restrict you in any way nevertheless we have to know 2 other fees the very first being what’s called spread charges alright and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you
on is essentially the distinction that is part of the investment platform between the buy rate and the price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that in fact means that when you wish to buy or sell 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 distinction then really to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of make money from you every time you do a buyer’s share so keep that in mind certainly it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you say okay well why does that occur it simply 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 want to offer it which is how they make a little bit of cash on those spread out costs it’s typically extremely little it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit money now the last feat is called an
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over night charge now this is really crucial if you’re really using cfds yourself as well an overnight fee is when you’re not doing that buy sell deal in the exact same day fine there’s then an over night cost charged and even 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 really buying out the etf the stock the commodity and utilizing time one utilize which means you’re really buying the exact property instead of utilizing utilize anyway you will not get hit with these fees however these charges are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s say if you go into the aid section this isn’t the over night charges information you can see precisely the breakdown and it’ll tell 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 service charges obviously depending on what you are purchasing as well this is on your own so keep that in mind however complete charges are completely within their assistance details alright and we talked about in addition to free to deposit in however there’s a five 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 have actually said copy trading and copy portfolios are 2 various methods of in fact using these copy operates they do not have any additional fees on top of the typical costs that
exist now what you require to bear in mind though is these potentially handled by other individuals entirely or in some cases have created portfolios you have actually got a genuine person doing the management you have to ensure you choose the individual that’s right for you much like any profession this is your monetary possessions so we definitely need to make sure it’s the ideal 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’ve got a couple of various options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual means 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 require to put in your charge card details or anything you can basically have this virtual portfolio simulate as if you are using your own money however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine money perhaps this is a fantastic option for you again to evaluate the theories okay you may wish to purchase tesla or apple or this etf why not utilize the virtual option as a way to kind of safe have fun with it undoubtedly you may have missed out on gains and losses throughout that time naturally if you had actually invested your real money it enables you to develop self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to bear in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i mean by that obviously 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 run the risk of simply implies am i all right with possibly losing a good amount of this financial investment or acquiring as
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well now keep in mind everything is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 people will lose money however that similarly means they’ll lose at some point in their journey clearly individuals do earn money as well and i’ve got videos all about how you can ensure you’re one of the people to really generate income but in this situation make certain you research your danger level would you be alright providing your cash to another person which is efficiently what you’re doing and trusting them make certain you comprehend what they’re buying fully if you’re somebody who isn’t wanting to be that dangerous do not pick somebody who’s totally into crypto or currency conversion think of it you ‘d probably desire a backbone of strong products
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like gold or even oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact use this too actually easily over here you can copy people now it will provide you a great deal of options and you can utilize the system to in fact search for someone that you fancy actually following so let’s see possibly we desire somebody from united kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has fulfilled that criteria and it does provide you a risk aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people 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 someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to confirm are you all right with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got a few of mine actually that i purchase too which is good so actually for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a bit more um of the sort of primary food companies and you have actually got you know pharmaceutical and production business as that. Trading Platform Etoro Vs Ig.