We get htis a lot on our site the answer to How Many People Trade Bitcoin….Concerns that i speak with new investors what if you’re brand new to investing you merely don’t want to decide what you actually wish to invest and you desire somebody to do it for you there’s just a couple of ways that that can occur the first off you can work with an investment portfolio manager they’ll generally charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds particular funds are produced 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 as well now if you’re brand new to a total please keep in mind this platform is rather sophisticated you can do cfds which of course cfds are methods of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform do not just presume because i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they give that alternative also so you really get used to the structure of the website and then 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 real business if you choose to in this particular video we’re discussing how to copy other people’s investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not just do something since that person has actually stated they’ve made revenue 14 months in a row purchase these choices since you think is the right ones for you and that being said 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 element that is probably.
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well-known for it’s the choice to see what other traders are doing amazing we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can really say i wish to do precisely what that trader is doing or match that precise portfolio of choices and essentially each time they make a trade they purchase they sell whatever they do your money will be imitated with it so that means if for example 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 likewise cover is the costs involved really crucial you understand what are the expenses of this now with any platform there will be some expense 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 zero charge websites then may not charge you for really buying and selling funds or etfs specific commodities private stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know prior to you in fact start buying copy trading or copy portfolios and lastly some finest suggestions finest practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s kick off with charges really important to understand these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling fine so commission charges are totally free nevertheless there are a couple of other charges the first one is withdrawal fees so you can undoubtedly put cash in now if you remain 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 however when you wish to withdraw your money so you offer your shares you sell 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 of course understanding that i’m going to make certain that i’m only withdrawing when i definitely require to now you may state okay 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 someplace and withdrawal costs are just among those choices that they have a great deal of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you know depends totally how you’re investing however that is a cost to bear in mind the 2nd fee that i’ve discussed is that conversion fee now with you’re handling us dollars just there’s not an option to purchase in euros or uk and that’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading 2 and 2 free trade anybody this is standard they have i expect stuck with whatever fee they charge for that conversion rate you sort of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost 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 haggle with them you can’t go to the bank and state give me us dollars instead you have to pay their fees now the terrific thing about however when you have actually transformed your money you do not have to invest it immediately that dollar value can being in your portfolio as money 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 happens now with copy trading and copy portfolios there aren’t any additional costs so that’s truly good utilizing that part of their site will not certainly restrict you in any way however we need to know 2 other fees the first being what’s called spread costs all right and i’m going to show you what i imply on now a spread fee as i’m going to show you
on is basically the distinction that is part of the investment platform between the buy cost and the sale price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that actually means that when you wish to sell or purchase as you can see it’s not the rate you’re seeing up here let me show you that again so the present price of tesla is the value of a share what’s called spread fees is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of make money from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you say fine well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference in 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 costs 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 again make a little bit money now the last feat is called an
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overnight charge now this is really essential if you’re actually utilizing cfds yourself also an overnight cost is when you’re not doing that buy offer deal in the same day okay 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 only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which implies you’re actually purchasing the specific property instead of utilizing utilize anyway you will not get hit with these charges but these charges are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy offering in the same day so let’s say if you go into the aid section this isn’t the over night costs info 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 which only applies as i stated to cfds there are some additional charges obviously depending on what you are buying as well this is on your own so keep that in mind however full costs are entirely within their aid details alright and we discussed in addition to complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product 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 2 various ways of actually using these copy works they do not have any extra costs on top of the regular fees that
are there now what you need to remember though is these potentially handled by other individuals totally or in some cases have created portfolios you have actually got a genuine individual doing the management you have to make sure you choose the person that’s right for you much like any type of work this is your monetary properties so we definitely require to make certain 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 utilize this function we’ve got a number of various choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual ways 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 credit card information or anything you can basically have this virtual portfolio imitate as if you are using your own money but actually purchase pretend buy copy people 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 again to evaluate the theories okay you might want to buy tesla or apple or this etf why not use the virtual choice as a way to kind of safe play with it clearly you may have lost out on gains and losses throughout that time naturally if you had invested your real cash it enables you to build self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to keep in mind before you choose 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 suggest by that obviously 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 simply means am i fine with possibly losing a good quantity of this investment or acquiring as
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well now keep in mind everything is ups and downs you will earn money you’ll lose money that’s why they make the fact 75 people will lose money but that similarly suggests they’ll lose at some time in their journey certainly individuals do generate income as well and i’ve got videos all about how you can make certain you are among the people to in fact earn money but in this circumstance make certain you research your risk level would you be alright providing your cash to another person which is successfully what you’re doing and trusting them ensure you comprehend what they’re purchasing totally if you’re someone who isn’t wanting to be that dangerous don’t choose someone who’s totally into crypto or currency conversion think of it you ‘d probably want a backbone of strong commodities
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like gold or even oil plus more conventional etfs and index funds you may not want 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 use this too actually quickly over here you can copy individuals now it will give you a lot of choices and you can utilize the system to actually look for someone that you elegant in fact following so let’s see possibly we want somebody from unified kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everybody who has actually fulfilled that requirements and it does provide you a risk element as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of people that have quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they might make 4 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 know ask you to validate are you all right with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got some of mine really that i invest in too which is great so really for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production business as that. How Many People Trade Bitcoin.
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