We get this a lot on our site and the answer to Etoro Vs Trading 212 Reddit….Questions that i hear from new investors what if you’re brand new to investing you just don’t want to choose what you in fact want to invest and you want somebody to do it for you there’s only a couple of ways that that can happen the firstly you can employ an investment portfolio supervisor they’ll usually charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is of course you can purchase mutual funds specific 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 also now if you’re brand new to a total please bear in mind this platform is quite innovative you can do cfds which naturally cfds are ways of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform do not just assume due to the fact that 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 give that alternative too so you actually get utilized 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 risk this is investing we’re doing you’re buying genuine business if you select to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so obviously your capital is at danger and we need to bear that in mind do not just do something because that person has actually said they’ve made revenue 14 months in a row purchase these options since you believe is the ideal 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 aspect that is probably.
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popular for it’s the option to see what other traders are doing unbelievable we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can actually say i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and essentially every time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that means if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs involved really vital you comprehend what are the expenses of this now with any platform there will be some expense to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the absolutely no fee sites then may not charge you for actually buying and selling funds or etfs private products individual stocks.
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there’ll be costs 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 show you the fees with in particular in this video the next would be things to understand before you in fact begin buying copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s begin with costs truly essential to understand these now on there’s a couple of charges there isn’t charges to do with actually buying and selling all right so commission fees are complimentary nevertheless there are a couple of other charges the very first one is withdrawal fees so you can certainly put cash 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 want to withdraw your cash so you sell your shares you sell your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m only withdrawing when i absolutely require to now you might say fine that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are simply among 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 largely it can be perhaps even once a year when every 6 months you understand depends totally how you’re investing however that is a charge to bear in mind the second fee that i have actually touched upon is that conversion cost now with you’re handling 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 lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or 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 utilizing trading two and 2 open market anybody this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you type of have to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they actually giving 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 provide me us dollars instead you have to pay their costs now the fantastic aspect of though when you’ve transformed 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 indicates the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually great using that part of their website won’t certainly limit you in any way nevertheless we need to be aware of 2 other fees the first being what’s called spread costs alright and i’m going to reveal you what i imply on now a spread cost as i’m going to show you
on is basically the difference that belongs to the financial investment platform in between the buy price 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 actually suggests that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present cost of tesla is the worth of a share what’s called spread charges is the distinction then really 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 make money from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you say fine well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you wish to offer it and that is how they make a bit of money 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 location every investment company will again make a bit money now the last feat is called an
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over night charge now this is truly important if you’re actually using cfds yourself also an over night charge is when you’re not doing that buy sell transaction in the same day alright there’s then an overnight fee charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one leverage which implies you’re in fact buying the precise asset instead of utilizing utilize anyway you will not get hit with these charges however these charges are if you’re using utilize and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you enter into the aid section this isn’t the overnight fees details 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 uses as i stated to cfds there are some additional charges of course depending upon what you are purchasing also this is on your own so keep that in mind but full charges are totally within their aid details all right and we spoke about as well as complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two different ways of actually utilizing these copy works they do not have any additional fees on top of the typical costs that
are there now what you need to bear in mind though is these possibly managed by other individuals completely or in some cases have actually created portfolios you’ve got a real individual doing the management you have to make sure you select the individual that’s right for you similar to any type of work this is your monetary possessions so we definitely require to make certain it’s the right individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of different alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are using your own money however in fact purchase 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 an excellent alternative for you again to check the theories alright you may wish to buy tesla or apple or this etf why not use the virtual choice as a way to kind of safe play with it obviously you might have lost out on gains and losses throughout that time naturally if you had actually invested your real cash it allows you to construct confidence understand 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 remember prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i mean by that undoubtedly 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 just indicates am i fine with potentially losing a good amount of this financial investment or gaining as
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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 individuals will lose money however that similarly suggests they’ll lose eventually in their journey clearly people do generate income as well and i’ve got videos everything about how you can make certain you are among individuals to really earn money but in this circumstance ensure you research study your risk level would you be all right providing your cash to somebody else which is successfully what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re somebody who isn’t wanting to be that risky do not select somebody who’s completely 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 conventional 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 say you can in fact use this too really quickly over here you can copy individuals now it will provide you a lot of choices and you can use the system to in fact search for someone that you fancy actually following so let’s see possibly we desire someone 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 good quantity and i can find everyone who has satisfied that criteria and it does offer 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 variety of individuals that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to ensure 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 validate are you okay 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 investing in so let’s enter 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 industry she’s got a few of mine actually that i buy too which is excellent so actually for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s likewise got a bit more um of the type of primary food business and you have actually got you understand pharmaceutical and production companies as that. Etoro Vs Trading 212 Reddit.
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