We get htis a lot on our site the answer to Forex Day Trading For Beginners….Questions that i speak with new investors what if you’re brand new to investing you simply don’t want to choose what you actually want to invest and you want somebody to do it for you there’s only a couple of manner ins which that can take place the to start with you can hire an investment portfolio manager they’ll typically charge a quite a high premium to do that maybe one or two percent of your earnings will go to them the other thing is of course you can purchase mutual funds specific funds are created 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 as well now if you’re brand new to an overall please bear in mind this platform is rather innovative you can do cfds which of course cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform do not simply assume since i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that choice also so you actually get utilized to the structure of the website and then when you’re ready to use 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 genuine business if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your cash so certainly your capital is at threat and we need to bear that in mind do not simply do something because that individual has actually said they’ve made profit 14 months in a row invest in these options because you think is the right ones for you and that being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one element that is probably.
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popular for it’s the option to see what other traders are doing extraordinary we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can in fact say i want to do precisely what that trader is doing or match that exact portfolio of choices and generally each time they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that suggests 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 fees included actually crucial you understand what are the costs of this now with any platform there will be some cost 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 zero charge sites then might not charge you for in fact buying and selling etfs or funds private products specific stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type 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 prior to you really begin investing in copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s kick off with fees really essential to understand these now on there’s a number of charges there isn’t costs to do with really buying and selling okay so commission fees are totally free however there are a number of other charges the very first one is withdrawal charges so you can obviously put cash in now if you’re in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your money so you offer your shares you sell your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to make sure that i’m only withdrawing when i definitely require to now you might say all right that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are just one of those choices that they have a great deal of platforms obviously are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every 6 months you know depends completely how you’re investing however that is a fee to bear in mind the 2nd charge that i have actually discussed 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 lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading 2 and two free trade anyone at all this is basic they have actually i suppose stuck with whatever charge they charge for that conversion rate you kind 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 really 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 say offer me us dollars rather you have to pay their costs now the great thing about though when you have actually transformed your money you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s really great utilizing that part of their site won’t certainly restrict you in any way nevertheless we need to be aware of 2 other costs the first being what’s called spread charges okay and i’m going to show you what i imply on now a spread charge as i’m going to reveal you
on is generally the distinction that becomes part of the investment platform in between the buy rate and the sale price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that actually means 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 current cost of tesla is the worth of a share what’s called spread fees 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 make money from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to sell so they’re going to give you less back with your sale and you state all right well why does that happen it simply 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 offer it which is how they make a bit of cash on those spread out fees it’s normally incredibly 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 bit cash now the last accomplishment is called an
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over night fee now this is really important if you’re really utilizing cfds yourself also an over night charge is when you’re not doing that buy sell deal in the same day alright there’s then an over night cost charged or even if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which means you’re actually buying the specific asset rather than using leverage anyway you will not get hit with these charges however these costs are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you go into the help section this isn’t the over night charges 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 over night or you’re doing over weekends which just applies as i stated to cfds there are some surcharges naturally depending upon what you are buying too this is on your own so keep that in mind however complete fees are totally within their assistance info fine and we spoke about along with complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever 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 methods of actually using these copy works they don’t have any extra fees on top of the typical fees that
are there now what you require to bear in mind though is these possibly managed by other individuals totally or often have produced portfolios you’ve got a genuine individual doing the management you have to make sure you choose the individual that’s right for you similar to any type of work this is your monetary possessions so we definitely need to ensure it’s the best individual for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a number of various 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 alternative to invest genuine money 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 credit card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own money but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money maybe this is a great choice for you once again to test the theories all right you might want to buy tesla or apple or this etf why not use the virtual choice as a method to sort of safe play with it obviously you may have missed out on gains and losses during that time of course if you had invested your genuine money it permits you to construct confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember before you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat 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 investments the riskier you can be run the risk of just indicates am i alright with potentially losing a good amount of this investment or acquiring as
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well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 people will lose money but that similarly implies they’ll lose eventually in their journey clearly individuals do generate income also and i’ve got videos everything about how you can make sure you are among individuals to actually generate income but in this situation ensure you research study your danger level would you be all right giving your cash to somebody else which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in completely if you’re somebody who isn’t wishing to be that dangerous don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products
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like gold or even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact use this too truly quickly over here you can copy individuals now it will provide you a great deal of choices and you can utilize the system to actually look for someone that you elegant actually following so let’s see perhaps we desire 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 an excellent amount and i can find everyone who has satisfied that criteria and it does provide you a threat element as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
remember it’s like anything to do with the news or forecasts of the future this does not mean somebody 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 easy as clicking the copy button and off you go and after that you understand ask you to validate are you fine with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she in fact purchasing so let’s go into portfolio and you can see she’s quite 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 type of into those blue box and the tech industry she’s got a few of mine in fact 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 seems to be what she chooses she’s also got a bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production business as that. Forex Day Trading For Beginners.
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