We get this a lot on our site and the answer to Etoro Vs Bison….Questions that i hear from new financiers what if you’re brand new to investing you just do not wish to decide what you in fact want to invest and you desire someone to do it for you there’s only a couple of manner ins which that can take place the first off you can employ an investment portfolio manager they’ll generally 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 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 an overall please keep in mind this platform is quite innovative you can do cfds which naturally cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform don’t simply assume due to the fact that i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they consider that option too so you in fact get used to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing real business if you pick to in this particular video we’re talking about how to copy other people’s financial investments with your cash so clearly your capital is at risk and we need to bear that in mind do not simply do something because that individual has actually stated they have actually made revenue 14 months in a row purchase these options since you think is the best ones for you and that being stated let’s dive straight 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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famous for it’s the choice to see what other traders are doing extraordinary we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can actually say i want to do exactly what that trader is doing or match that precise portfolio of alternatives and basically whenever they make a trade they purchase they offer whatever they do your cash will be imitated with it so that indicates if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs involved truly important you comprehend what are the expenses of this now with any platform there will be some expense to obviously these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the zero charge websites then may not charge you for really buying and selling funds or etfs specific commodities individual stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing 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 really begin purchasing copy trading or copy portfolios and lastly some finest advice best practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s start with fees actually essential to comprehend these now on there’s a number of charges there isn’t charges to do with in fact buying and selling alright so commission costs are free however there are a number of other fees the first one is withdrawal costs so you can undoubtedly put money in now if you’re in the uk we put our uk money.
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and it’s automatically 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 offer your products 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 naturally understanding that i’m going to ensure that i’m only withdrawing when i absolutely require to now you may state okay that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are just one of those options that they have a lot of platforms undoubtedly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every 6 months you understand depends entirely how you’re investing however that is a cost to keep in mind the second fee that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and two open market anyone at all this is standard they have i suppose stuck to whatever charge they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion fee 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 haggle with them you can’t go to the bank and state give me us dollars instead you need to pay their charges now the fantastic thing about though when you have actually converted your money you do not need to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that means the preliminary day that you buy or transform 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 utilizing that part of their site won’t definitely restrict you in any way however we need to know 2 other costs the first being what’s called spread charges fine and i’m going to show you what i indicate on now a spread fee as i’m going to reveal you
on is essentially the distinction that is part of the investment platform in between the buy rate and the list price all right it’s their premium on doing both those two 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 actually implies that when you want to sell or buy as you can see it’s not the cost you’re seeing up here let me show you that again so the existing cost of tesla is the value of a share what’s called spread fees is the distinction then actually to purchase that share on the platform and you’ll discover 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 certainly it’s more pricey to purchase than it is to offer so they’re going to offer you less back with your sale and you state okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to sell it and that is how they make a little bit of money on those spread charges it’s normally incredibly 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 bit cash now the last task is called an
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overnight charge now this is really crucial if you’re in fact utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy sell transaction in the same day okay there’s then an overnight fee charged and 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 utilize which implies you’re actually buying the precise asset instead of using take advantage of anyway you won’t get hit with these charges but these charges are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you go into the help section this isn’t the over night costs information you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that just applies as i said to cfds there are some service charges naturally 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 info fine and we discussed as well as totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different ways of actually utilizing these copy operates they do not have any additional costs on top of the normal fees that
exist now what you need to bear in mind though is these possibly managed by other individuals totally or often have produced portfolios you’ve got a real individual doing the management you have to make sure you select the individual that’s right for you just like any type of work this is your monetary properties so we definitely require to make certain it’s the right individual for us before we copy them so the first things i would call it if you do want to use this function we have actually got a number of different alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your charge card details or anything you can basically have this virtual portfolio mimic as if you are using your own cash however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money maybe this is a fantastic choice for you once again to check the theories alright you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe play with it undoubtedly you might have lost out on gains and losses throughout that time obviously if you had invested your real cash it permits you to build confidence comprehend the platform so that’s one choice 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 remember prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger 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 risk just means am i okay with possibly losing an excellent quantity of this investment or gaining as
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well now keep in mind everything is downs and ups you will make money you’ll lose money that’s why they make the figure 75 individuals will lose money however that similarly indicates they’ll lose at some time in their journey undoubtedly people do make money as well and i’ve got videos all about how you can make sure you are among individuals to in fact generate income however in this situation ensure you research your danger level would you be alright providing your cash to somebody else which is effectively what you’re doing and trusting them make certain you comprehend what they’re investing in completely if you’re somebody who isn’t wanting to be that dangerous do not choose somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong commodities
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like gold or even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really use this too actually easily over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to really look for somebody that you fancy actually following so let’s see possibly we desire someone from joined kingdom um who buys let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everybody who has satisfied that criteria and it does provide you a risk aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of people that have rather high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they could make 4 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 then you understand ask you to confirm are you alright with this and off you go now another way 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 actually investing in 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 great to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine actually that i purchase too which is excellent so in fact for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she prefers she’s likewise got a bit more um of the kind of primary food business and you have actually got you know pharmaceutical and production companies as that. Etoro Vs Bison.
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