We get this a lot on our site and the answer to Etoro Vs Naga Trader….Questions that i hear from new financiers what if you’re brand new to investing you just do not want to choose what you in fact want to invest and you want someone to do it for you there’s just a number of manner ins which that can occur the first off you can employ an investment portfolio supervisor they’ll generally charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is obviously you can purchase 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 innovative you can do cfds which of course 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 about please do study the platform do not just assume because i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that alternative too so you in fact get used to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re investing in real business if you select to in this specific video we’re discussing how to copy other individuals’s financial investments with your cash so certainly your capital is at risk and we have to bear that in mind do not simply do something because that person has stated they have actually made earnings 14 months in a row invest in these options due to the fact that you believe is the right ones for you which 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 element that is probably.
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well-known for it’s the choice to see what other traders are doing unbelievable we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can in fact state i wish to do precisely what that trader is doing or match that specific portfolio of choices and essentially every time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that means if for example 10 of their financial 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 understand what are the costs of this now with any platform there will be some cost to undoubtedly 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 a few of the zero charge websites then may not charge you for really buying and selling funds or etfs private commodities private stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering 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 costs with in particular in this video the next would be things to understand prior to you actually begin buying copy trading or copy portfolios and finally some best guidance finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s start with costs truly essential to comprehend these now on there’s a couple of charges there isn’t fees to do with really buying and selling alright so commission charges are totally free however there are a couple of other fees the first one is withdrawal charges so you can undoubtedly put cash 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 sell 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 five dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m just withdrawing when i absolutely need to now you might state fine that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge fees 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 five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every six months you know depends completely how you’re investing however that is a fee to keep in mind the second cost that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk which’s fine 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 or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading 2 and two open market anybody this is basic they have i suppose stuck to whatever fee they charge for that conversion rate you type of need to accept you know if you want to utilize their platform go from uk to us then that conversion charge exists what are they actually giving 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 say provide me us dollars rather you need to pay their costs now the fantastic feature of though when you have actually transformed your cash 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 means the initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s truly good utilizing that part of their site will not certainly restrict you in any way however we need to understand 2 other charges the first being what’s called spread charges fine and i’m going to show you what i indicate on now a spread charge as i’m going to show you
on is essentially the difference that is part of the investment platform in between the buy price and the list price alright it’s their premium on doing both those 2 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 really implies that when you want to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current price of tesla is the worth of a share what’s called spread fees is the distinction then in fact to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of make money from you whenever you do a purchaser’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 all right 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 sell it and that is how they make a little bit of money on those spread charges it’s usually extremely small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit cash now the last feat is called an
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over night charge now this is actually important if you’re in fact utilizing cfds yourself as well an over night charge is when you’re not doing that buy sell deal in the exact same day alright there’s then an overnight charge charged or even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which implies you’re actually purchasing the precise property rather than using leverage anyway you won’t get hit with these fees however these charges are if you’re using leverage and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you enter into the assistance section this isn’t the overnight charges info you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which only uses as i said to cfds there are some additional charges naturally depending on what you are investing in too this is on your own so keep that in mind however full fees are entirely within their assistance info all right and we spoke about as well as totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two various ways of actually using these copy works they do not have any extra charges on top of the normal fees that
are there now what you need to bear in mind though is these potentially handled by other people completely or in some cases have produced portfolios you’ve got a genuine person doing the management you have to make certain you choose the person that’s right for you much like any line of work this is your financial possessions so we definitely need to ensure it’s the ideal person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a couple of various alternatives for us first of all 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 methods 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 require to put in your charge card details or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash possibly this is a great choice for you once again to test the theories alright you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe have fun with it clearly you might have missed out on gains and losses throughout that time naturally if you had actually invested your real cash it enables you to build self-confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear in mind before you choose 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 imply by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk simply means am i alright with potentially losing a great quantity of this investment or getting as
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well now remember everything is downs and ups you will make money you’ll lose money that’s why they make the figure 75 people will lose money however that similarly implies they’ll lose eventually in their journey obviously individuals do earn money too and i have actually got videos everything about how you can ensure you’re one of individuals to in fact make money but in this scenario make sure you research your risk level would you be okay giving your money to another person which is efficiently what you’re doing and trusting them make sure you comprehend what they’re investing in 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 consider it you ‘d probably want a backbone of strong products
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like gold or perhaps oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact use this too truly quickly over here you can copy individuals now it will give you a lot of choices and you can use the system to actually look for someone that you fancy actually following so let’s see perhaps we want somebody from joined kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has fulfilled that requirements and it does provide you a threat factor also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns
remember 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 four or minus 50 there’s no other way 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 verify are you all right with this and off you go now another method to really deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she really buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine really that i buy too which is good so in fact for me knowing what i like to buy my private 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 also got a bit more um of the type of main food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Vs Naga Trader.
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