We get htis a lot on our site the answer to Etoro Vs Webull….Concerns that i speak with new investors what if you’re brand new to investing you just do not want to decide what you in fact want to invest and you want someone to do it for you there’s only a number of ways that that can take place the to start with you can work with an investment portfolio manager they’ll normally charge a quite a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are developed 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 sophisticated you can do cfds which obviously cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform do not just presume due to the fact that i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they consider that option also so you actually get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying genuine companies if you select to in this specific video we’re talking about how to copy other people’s investments with your cash so obviously your capital is at danger and we need to bear that in mind do not simply do something since that individual has actually said they have actually made earnings 14 months in a row buy these options because you believe is the best ones for you which being stated let’s dive directly 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 aspect that is probably.
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popular for it’s the option to see what other traders are doing extraordinary we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can in fact say i want to do exactly what that trader is doing or match that specific portfolio of options and essentially each time 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 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 included really crucial you understand what are the expenses of this now with any platform there will be some cost to certainly these are genuine 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 zero cost websites then might not charge you for in fact buying and selling etfs or funds specific commodities individual stocks.
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there’ll be fees on other parts perhaps 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 charges with in particular in this video the next would be things to understand prior to you really start investing in copy trading or copy portfolios and finally some best advice finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with fees actually crucial to understand these now on there’s a number of fees there isn’t costs to do with really buying and selling all right so commission costs are free nevertheless there are a couple of other costs the first one is withdrawal fees so you can clearly put money 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 in the future however when you want to withdraw your cash so you offer 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 five dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m just withdrawing when i absolutely require to now you might state okay that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are simply one of those choices that they have a lot of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every six months you understand depends completely how you’re investing however that is a charge to bear in mind the second cost that i have actually touched upon is that conversion fee now with you’re handling us dollars only there’s not a choice to purchase in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyway 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 cost now when you utilize anybody so if you’re utilizing trading two and two free trade anybody this is standard they have i expect stuck to whatever cost they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion cost exists what are they actually offering you in regards to your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and state give me us dollars instead you need to pay their costs now the fantastic thing about though when you’ve converted your money you do not need to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s really excellent utilizing that part of their site will not certainly limit you in any way however we need to understand 2 other charges the first being what’s called spread charges all right and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is basically the distinction that belongs to the financial investment platform between the buy price and the sale price fine 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 in fact implies that when you wish to sell or purchase as you can see it’s not the rate you’re seeing up here let me show you that once again so the present cost of tesla is the worth of a share what’s called spread costs 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 benefit from you whenever 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 offer you less back with your sale and you state fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you want to sell it and that is how they make a little bit of cash on those spread out charges it’s normally exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit money now the last feat is called an
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overnight charge now this is really crucial if you’re in fact utilizing cfds yourself too an overnight fee is when you’re refraining from doing that buy offer transaction in the exact same day okay there’s then an overnight charge charged and even if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one utilize which implies you’re actually purchasing the precise asset instead of utilizing take advantage of anyhow you will not get hit with these costs but these fees are if you’re using take advantage of and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you enter into the help area this isn’t the overnight fees information you can see exactly 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 and that only uses as i said to cfds there are some surcharges obviously depending on what you are purchasing also this is on your own so keep that in mind but complete fees are completely within their aid information fine and we spoke about along with complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two different ways of really utilizing these copy operates they don’t have any extra costs on top of the normal costs that
are there now what you require to keep in mind though is these potentially handled by other individuals entirely or in some cases have actually created portfolios you’ve got a genuine person doing the management you need to ensure you pick the individual that’s right for you similar to any line of work this is your financial assets so we definitely require to ensure it’s the right individual 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 number of various 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 money or a virtual platform virtual means i think 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 generally have this virtual portfolio simulate as if you are using your own cash but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash maybe this is a great choice for you again to evaluate the theories okay you might wish to buy tesla or apple or this etf why not use the virtual choice as a way to type of safe play with it undoubtedly you may have lost out on gains and losses during that time of course if you had actually invested your genuine cash it allows you to develop confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back 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 make sure you comprehend what your risk profile is now what do i imply by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just suggests am i fine with potentially losing an excellent quantity of this investment or getting as
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well now remember whatever is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose money however that equally implies they’ll lose at some point in their journey clearly people do make money also and i have actually got videos everything about how you can make sure you’re one of the people to actually generate income but in this scenario ensure you research study your danger level would you be fine providing your money to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re somebody who isn’t wanting to be that risky don’t pick somebody who’s totally into crypto or currency conversion think of it you ‘d probably desire a foundation of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you might 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 actually utilize this too really quickly 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 unified kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has actually satisfied that criteria and it does give you a risk element as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns
keep in mind it resembles anything to do with the news or forecasts 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 other way to ensure 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 alright with this and off you go now another method to really deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she actually buying so let’s enter 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 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 actually for me understanding 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 prefers she’s likewise got a little bit more um of the sort of primary food business and you’ve got you know pharmaceutical and production business as that. Etoro Vs Webull.
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