We get htis a lot on our site the answer to Kucoin Vs Etoro Neo….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply do not want to choose what you in fact wish to invest and you want somebody to do it for you there’s only a couple of manner ins which that can occur the to start with you can work with a financial investment portfolio manager they’ll usually charge a rather a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular funds are created once 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 a total please bear in mind this platform is quite sophisticated you can do cfds which obviously cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform don’t simply presume since i use 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 choice too so you in fact 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 buying genuine business if you choose to in this specific video we’re speaking about how to copy other people’s investments with your cash so obviously your capital is at threat and we need to bear that in mind do not simply do something since that person has actually said they’ve made earnings 14 months in a row buy these options due to the fact that you believe is the right ones for you and that 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 element that is most likely.
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popular for it’s the choice to see what other traders are doing extraordinary we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our money we can in fact state i wish to do precisely what that trader is doing or match that specific portfolio of choices and essentially each time they make a trade they buy they offer whatever they do your cash will be imitated with it so that suggests 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 likewise cover is the costs involved actually critical you understand what are the costs 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 some of the no fee websites then might not charge you for in fact buying and selling etfs or funds private 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 type of costs 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 understand prior to you in fact begin investing in copy trading or copy portfolios and lastly some best recommendations best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with charges truly important to understand these now on there’s a number of charges there isn’t costs to do with in fact buying and selling alright so commission fees are totally free however there are a couple of other costs the very first one is withdrawal costs so you can certainly put money in now if you’re 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 in the future however when you want to withdraw your cash so you offer your shares you offer your products whatever you’re offering 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 ensure that i’m just withdrawing when i absolutely need to now you may state all right that’s rather 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 costs are just one of those options that they have a lot 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 maybe even once a year as soon as every six months you understand depends totally how you’re investing however that is a fee to bear in mind the 2nd cost that i’ve touched upon is that conversion cost now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’s great that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading two and two free trade anyone at all this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion cost is there what are they actually giving 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 offer me us dollars rather you need to pay their fees now the fantastic thing about though when you have actually transformed your cash you do not have to invest it immediately that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s really excellent utilizing that part of their site won’t definitely restrict you in any way nevertheless we need to know 2 other charges the very first being what’s called spread charges fine and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you
on is generally the distinction that becomes part of the financial investment platform between the buy rate and the 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 suggests that when you want 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 price of tesla is the value of a share what’s called spread costs is the distinction then in fact to purchase that share on the platform and you’ll find this all over this is another way that they make a small amount of profit from you each time you do a purchaser’s share so keep that in mind certainly 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 occur it just 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 which is how they make a bit of money on those spread costs it’s normally incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a little bit money now the last feat is called an
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overnight charge now this is truly crucial if you’re really using cfds yourself also an overnight cost is when you’re not doing that buy sell deal in the exact same day okay there’s then an overnight 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 in fact buying out the etf the stock the product and using time one take advantage of which implies you’re really buying the specific possession instead of using take advantage of anyway you will not get hit with these fees however these charges are if you’re utilizing leverage and cfds and after that 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 help section this isn’t the over night charges info you can see exactly the breakdown and it’ll tell you what are the charges what are the costs 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 additional charges obviously depending on what you are purchasing as well this is on your own so keep that in mind but complete costs are totally within their aid info fine and we spoke about along with complimentary to deposit in however there’s a 5 dollar charge if you wish 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 said copy trading and copy portfolios are 2 different methods of in fact using these copy operates they don’t have any extra fees on top of the normal charges that
are there now what you need to keep in mind though is these potentially handled by other people completely or often have actually produced portfolios you have actually got a genuine individual doing the management you need to make sure you choose the person that’s right for you similar to any profession this is your monetary assets so we absolutely need to make sure it’s the best person 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 choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your credit card details or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own cash but in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash maybe this is a great choice for you again to check the theories okay you may wish to purchase tesla or apple or this etf why not use the virtual option as a method to kind of safe play with it certainly you may have lost out on gains and losses throughout that time naturally if you had actually invested your real money it permits you to build confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind prior to you choose somebody 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 indicate by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply implies am i all right with possibly losing a good amount 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 cash that’s why they make the statistic 75 individuals will lose cash but that equally implies they’ll lose at some point in their journey certainly individuals do generate income also and i’ve got videos all about how you can ensure you’re one of individuals to in fact generate income but in this scenario make sure you research study your threat level would you be okay offering your money to someone else which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in fully if you’re somebody who isn’t wishing to be that dangerous do not pick 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 standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really use this too truly quickly over here you can copy people now it will offer you a lot of choices and you can utilize the system to actually look for somebody 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 gotten at least 10 yeah that sounds fair that sounds a great quantity and i can discover everybody who has actually met that requirements and it does provide you a danger aspect too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they could make four 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 then you understand ask you to confirm are you alright with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she really purchasing 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 excellent to understand ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got some of mine actually 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 an excellent spread in tech business that appears to be what she chooses she’s likewise got a bit more um of the type of main food companies and you have actually got you understand pharmaceutical and production business as that. Kucoin Vs Etoro Neo.
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