We get htis a lot on our site the answer to Ama Cryptocurrency Trading….Questions that i hear from brand-new financiers what if you’re brand new to investing you simply do not want to decide what you really want to invest and you want someone to do it for you there’s just a couple of manner ins which that can occur the firstly you can employ an investment portfolio manager they’ll usually charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is obviously you can buy 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 too now if you’re brand new to a total please bear in mind this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform don’t just assume because i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that option also so you really get utilized to the structure of the site and after that when you’re ready to utilize your own cash 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 genuine companies if you select to in this particular video we’re discussing how to copy other people’s financial investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not simply do something since that person has actually stated they’ve made profit 14 months in a row purchase these options since you think is the ideal ones for you and that being stated let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is most likely.
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popular for it’s the option to see what other traders are doing unbelievable we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can really say i want to do exactly what that trader is doing or match that specific portfolio of choices and essentially every time they make a trade they buy they offer whatever they do your money will be simulated with it so that means if for example 10 of their 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 charges included actually crucial you understand what are the costs of this now with any platform there will be some cost to undoubtedly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no cost sites then might not charge you for really buying and selling etfs or funds individual commodities individual stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs 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 before you really start investing in copy trading or copy portfolios and finally some best recommendations best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s start with costs truly important to comprehend these now on there’s a number of costs there isn’t fees to do with in fact buying and selling okay so commission charges are free nevertheless there are a number of other fees the first one is withdrawal fees 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 instantly converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your cash so you sell your shares you sell 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 obviously understanding that i’m going to make sure that i’m just withdrawing when i definitely require to now you might say fine that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are simply among those choices that they have a great deal of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every six months you know depends entirely how you’re investing however that is a cost to bear in mind the second fee that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not a choice to buy in euros or uk and that’s fine that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading 2 and two free trade anyone at all this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you kind of need to accept you understand if you want to use their platform go from uk to us then that conversion cost exists what are they in fact providing 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 say provide me us dollars instead you need to pay their costs now the great feature of however when you have actually converted your cash you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary 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 fees so that’s actually great utilizing that part of their site will not certainly restrict you in any way nevertheless we need to know two other charges the very first being what’s called spread costs fine and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is essentially the difference that is part of the investment platform between the buy cost 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 in fact implies that when you want to sell or buy as you can see it’s not the price 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 charges is the difference then really to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of profit from you every time you do a buyer’s share so keep that in mind obviously 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 alright well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to sell it which is how they make a little bit of cash on those spread out costs it’s generally incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit cash now the last accomplishment is called an
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overnight fee now this is really crucial if you’re in fact utilizing cfds yourself as well an overnight cost is when you’re not doing that buy sell deal in the same day all right there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which implies you’re really buying the exact property rather than using utilize anyhow you will not get hit with these charges however these costs are if you’re utilizing leverage and cfds and then 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 area this isn’t the overnight fees information you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that only uses as i said to cfds there are some surcharges obviously depending upon what you are buying also this is on your own so keep that in mind but complete fees are entirely within their aid info alright and we spoke about as well as complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two various methods of in fact using these copy works they do not have any extra costs on top of the regular charges that
exist now what you need to keep in mind though is these potentially managed by other people entirely or often have actually produced portfolios you’ve got a genuine individual doing the management you need to ensure you choose the individual that’s right for you just like any profession this is your financial possessions so we absolutely need 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 wish 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 wish to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual means 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 require to put in your charge card information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own cash but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine cash perhaps this is a terrific option for you again to evaluate the theories okay you may wish to purchase tesla or apple or this etf why not use the virtual option as a way to type of safe have fun with it certainly you may have missed out on gains and losses throughout that time naturally if you had actually invested your real money it enables you to construct confidence comprehend 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 really how to copy people 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 sure you comprehend what your threat profile is now what do i mean by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk just suggests am i okay with potentially losing a great quantity of this investment or gaining as
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well now remember everything is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 people will lose money however that similarly suggests they’ll lose at some point in their journey obviously people do generate income as well and i have actually got videos everything about how you can make sure you’re one of the people to in fact make money however in this circumstance make sure you research your risk level would you be fine offering your cash to someone else which is successfully what you’re doing and trusting them make sure you comprehend what they’re purchasing completely if you’re someone who isn’t wishing to be that risky do not choose somebody who’s completely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold and even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually utilize this too truly easily over here you can copy individuals now it will give you a lot of choices and you can utilize the system to actually search for somebody that you expensive actually following so let’s see perhaps we want somebody from unified kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everybody who has satisfied that requirements and it does provide you a danger aspect also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people that have quite high returns
remember it resembles anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they might 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 after that you understand ask you to confirm are you all right with this and off you go now another method to actually 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 really purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got some of mine really that i purchase too which is good so really for me knowing what i like to invest in 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 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. Ama Cryptocurrency Trading.
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