We get htis a lot on our site the answer to Countries That Trade Cryptocurrency….Concerns that i speak with new investors what if you’re brand new to investing you merely do not wish to choose what you in fact want to invest and you desire someone to do it for you there’s only a number of manner ins which that can take place the first off you can employ a financial investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are developed 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 an overall please bear in mind this platform is rather innovative you can do cfds which naturally cfds are methods 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 do not just assume because i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they give that choice as well so you really get used to the structure of the website and after that when you’re ready to use 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 buying genuine companies if you select to in this specific video we’re speaking about how to copy other people’s investments with your cash so clearly your capital is at risk and we have to bear that in mind do not just do something because that individual has actually said they have actually made profit 14 months in a row buy these choices since you think is the right ones for you and that being said let’s dive straight in [Music] The things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is most likely.
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famous for it’s the alternative to see what other traders are doing incredible we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can really state i want to do precisely what that trader is doing or match that precise portfolio of choices and essentially each time they make a trade they buy they sell whatever they do your money will be imitated with it so that implies if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs included actually critical you understand what are the costs of this now with any platform there will be some cost to clearly 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 absolutely no fee websites then may not charge you for actually buying and selling funds or etfs individual products 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 charges 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 in fact start investing in copy trading or copy portfolios and lastly some best guidance finest practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s begin with charges truly important to comprehend these now on there’s a number of costs there isn’t costs to do with really buying and selling all right so commission costs are free however there are a couple of other costs the first one is withdrawal fees so you can clearly put cash in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your cash so you sell your shares you offer your products 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 understanding that i’m going to make sure that i’m only withdrawing when i absolutely require to now you may state alright that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are simply among those options that they have a great deal of platforms undoubtedly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every six months you know depends entirely how you’re investing but that is a cost to remember the 2nd fee that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and 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 two free trade anybody this is standard they have actually i expect stuck to whatever charge they charge for that conversion rate you sort of need to accept you understand if you want to utilize their platform go from uk to us then that conversion charge is there what are they in fact 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 state give me us dollars rather you need to pay their fees now the excellent thing about though when you’ve converted your money you do not have to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that suggests 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 extra costs so that’s actually good using that part of their website won’t certainly restrict you in any way nevertheless we have to understand 2 other costs the first being what’s called spread fees all right and i’m going to show you what i indicate on now a spread fee as i’m going to reveal you
on is generally the difference that becomes part of the investment platform in between the buy rate and the list price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that in fact indicates that when you wish 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 current cost of tesla is the value of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll find this all over this is another manner in which they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind obviously it’s more expensive to buy than it is to offer so they’re going to offer you less back with your sale and you state all right well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to offer it which is how they make a bit of money on those spread fees it’s typically extremely little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit cash now the last feat is called an
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over night charge now this is truly essential if you’re in fact using cfds yourself as well an overnight cost is when you’re not doing that buy sell deal in the same day okay there’s then an over night cost charged or perhaps if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which means you’re actually buying the specific asset rather than using leverage anyhow you will not get hit with these costs but these fees are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you go into the assistance section this isn’t the over night charges details you can see precisely 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 stated to cfds there are some service charges naturally depending upon what you are purchasing too this is on your own so keep that in mind but complete costs are entirely within their assistance information all right and we talked about in addition to totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product 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 2 various ways of really utilizing these copy works they do not have any additional costs on top of the normal charges that
are there now what you require to bear in mind though is these potentially managed by other individuals totally or in some cases have developed portfolios you’ve got a real individual doing the management you need to make certain you select the individual that’s right for you similar to any kind of work this is your financial properties so we absolutely need 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 want to use this function we have actually got a couple of various choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual means i think 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 details or anything you can essentially have this virtual portfolio imitate as if you are using your own cash but really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is a great option for you again to test the theories fine you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe have fun with it undoubtedly you might have lost out on gains and losses during that time obviously if you had invested your genuine money it permits you to build 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 really how to copy people and copy portfolios now here’s something to keep in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i indicate by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your 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 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 however that equally means they’ll lose at some point in their journey certainly individuals do earn money as well and i’ve got videos all about how you can make sure you are among the people to actually earn money but in this scenario make sure you research your threat level would you be all right offering your money to somebody else which is efficiently what you’re doing and trusting them ensure you understand what they’re purchasing totally if you’re somebody who isn’t wishing to be that risky do not select somebody who’s completely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong products
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like gold and even oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact utilize this too actually easily over here you can copy individuals now it will provide you a lot of choices and you can utilize the system to actually search for somebody that you elegant actually following so let’s see perhaps we want someone from unified kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a good amount and i can find everybody who has actually fulfilled that criteria and it does provide you a threat aspect too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety 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 indicate somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no 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 alright with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she really investing in 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 great to know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine really that i buy too which is excellent so in fact for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s also got a bit more um of the sort of main food business and you have actually got you know pharmaceutical and production companies as that. Countries That Trade Cryptocurrency.
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