We get htis a lot on our site the answer to How Many People Trade Cryptocurrency….Concerns that i speak with brand-new investors what if you’re brand new to investing you simply don’t want to decide what you really want to invest and you want somebody to do it for you there’s only a couple of ways that that can happen the to start with you can hire a financial investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular funds are created once 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 too now if you’re brand new to a total please keep in mind this platform is rather innovative you can do cfds which obviously cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform don’t simply presume because i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they give that choice as well so you actually get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in genuine companies if you pick to in this particular video we’re speaking about how to copy other people’s investments with your money so clearly your capital is at risk and we need to bear that in mind do not just do something because that individual has said they’ve made revenue 14 months in a row buy these choices due to the fact that you believe is the right ones for you which being said let’s dive directly 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 probably.
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popular for it’s the option to see what other traders are doing amazing we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our money we can in fact state i want to do precisely what that trader is doing or match that precise portfolio of choices and basically each 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 remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees included actually critical you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine 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 no cost sites then might not charge you for really buying and selling etfs or funds private commodities 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 reveal you the charges with in particular in this video the next would be things to understand before you really begin buying copy trading or copy portfolios and lastly some best guidance finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s start with charges truly important to understand these now on there’s a couple of charges there isn’t fees to do with actually buying and selling okay so commission fees are totally free however there are a number of other costs the very first one is withdrawal costs so you can clearly 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 in the future but when you wish to withdraw your cash so you sell your shares you offer your commodities 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 obviously knowing that i’m going to make certain that i’m only withdrawing when i definitely require to now you might say okay that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are simply one of those choices that they have a great deal of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every six months you know depends completely how you’re investing however that is a cost to bear in mind the 2nd fee that i have actually touched upon is that conversion fee now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk and that’s fine that fits me.
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a great deal 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 cost now when you use anybody so if you’re using trading 2 and two free trade anyone at all this is standard they have i suppose stuck to whatever charge they charge for that conversion rate you type of have to accept you know if you want to use their platform go from uk to us then that conversion charge is there what are they really giving 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 offer me us dollars rather you need to pay their charges now the excellent feature of however when you have actually transformed your money you do not need to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that implies the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s truly good utilizing that part of their site won’t certainly limit you in any way however we have to be aware of two other charges the first being what’s called spread charges alright and i’m going to show you what i indicate on now a spread cost as i’m going to reveal you
on is essentially the distinction that is part of the financial investment platform in between the buy rate and the list 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 really means that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the existing price of tesla is the value of a share what’s called spread charges is the distinction then actually to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind clearly it’s more costly 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 happen 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 offer it and that is how they make a little bit of cash on those spread fees it’s generally exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit money now the last task is called an
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overnight fee now this is really important if you’re actually using cfds yourself too an overnight fee is when you’re refraining from doing that buy offer deal in the very same day alright there’s then an over night charge charged and even if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one leverage which implies you’re actually purchasing the precise asset rather than utilizing take advantage of anyway you won’t get hit with these costs however these costs are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the same day so let’s state if you go into the assistance section this isn’t the overnight fees details you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only applies as i stated to cfds there are some surcharges naturally depending on what you are buying too this is on your own so keep that in mind however complete charges are entirely within their help details all right and we discussed in addition to totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of in fact using these copy operates they do not have any additional fees on top of the normal costs that
exist now what you need to keep in mind though is these possibly handled by other people entirely or in some cases have actually created portfolios you’ve got a genuine individual doing the management you have to make sure you pick the individual that’s right for you just like any line of work this is your financial properties so we definitely require to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of various alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your charge card information or anything you can basically have this virtual portfolio simulate as if you are utilizing your own cash but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine money possibly this is a great option for you again to check the theories okay you may wish to buy tesla or apple or this etf why not use the virtual alternative as a way to sort of safe have fun with it undoubtedly you might have missed out on gains and losses during that time of course if you had actually invested your real money it enables you to develop 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 before you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i imply by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just means am i okay with possibly losing a good quantity of this financial investment or acquiring as
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well now keep in mind everything is downs and ups you will make money you’ll lose money that’s why they make the figure 75 people will lose cash however that equally implies they’ll lose eventually in their journey certainly people do generate income also and i’ve got videos all about how you can make sure you are among individuals to really make money but in this scenario ensure you research study your threat level would you be fine giving your cash to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in fully if you’re somebody who isn’t wanting to be that risky do not choose somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong products
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like gold and even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact utilize this too truly easily over here you can copy people now it will offer you a lot of choices and you can utilize the system to really search for someone that you expensive actually following so let’s see perhaps we want someone from joined kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can find everyone who has met that requirements and it does offer you a danger factor too 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 people that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not indicate someone 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 easy as clicking the copy button and off you go and then 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 on this person for instance 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 little bit so that’s excellent to know ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine actually that i invest in too which is excellent so in fact for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s likewise got a bit more um of the kind of main food business and you’ve got you understand pharmaceutical and production companies as that. How Many People Trade Cryptocurrency.
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