We get htis a lot on our site the answer to Coinbase Metrobank….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t want to decide what you really want to invest and you want somebody to do it for you there’s only a number of ways that that can occur the firstly you can hire a financial investment portfolio manager they’ll usually charge a quite a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is obviously you can buy mutual funds particular funds are produced 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 also now if you’re brand new to an overall please remember this platform is rather advanced you can do cfds which naturally cfds are ways 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 utilize it right now do some due diligence have a little play around with it even invest with virtual money they consider that alternative as well so you in fact get used 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 naturally your capital is at threat this is investing we’re doing you’re purchasing real business if you pick to in this specific video we’re speaking about how to copy other individuals’s financial investments with your cash so clearly your capital is at threat and we need to bear that in mind do not just do something since that person has said they have actually made earnings 14 months in a row invest in these options since you believe is the right ones for you which being stated let’s dive directly in [Music] The things we’re going to cover in this video is comprehending 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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well-known for it’s the option to see what other traders are doing extraordinary we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can in fact state i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and generally whenever they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that means if for example 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 costs included really critical you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the zero cost sites then might not charge you for in fact buying and selling funds or etfs private products private stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand prior to you actually start purchasing copy trading or copy portfolios and finally some best advice best practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s kick off with fees truly important to understand these now on there’s a couple of fees there isn’t charges to do with really buying and selling okay so commission costs are free nevertheless there are a number of other costs the first one is withdrawal charges so you can clearly put cash in now if you’re in the uk we put our uk money.
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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 want to withdraw your money 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 5 dollars per withdrawal so for me of course understanding that i’m going to ensure that i’m only withdrawing when i absolutely require to now you may say fine that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are simply one of those alternatives that they have a lot of platforms obviously are totally 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 6 months you know depends totally how you’re investing however that is a cost to remember the second fee that i have actually discussed is that conversion fee now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re utilizing trading 2 and 2 open market anyone at all this is basic they have i suppose stuck with whatever charge they charge for that conversion rate you type of have to accept you understand if you wish to utilize 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 bargain with them you can’t go to the bank and say provide me us dollars instead you need to pay their costs now the excellent thing about though when you have actually transformed your money you do not have to invest it immediately that dollar value can sit 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 occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s really good using that part of their site won’t certainly limit you in any way however we need to be aware of two other costs the very first being what’s called spread fees alright and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you
on is essentially the distinction that is part of the financial investment platform between the buy rate and the list 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 worth 599 per share in tesla that really implies that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that again so the present rate of tesla is the worth of a share what’s called spread fees is the distinction 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 benefit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you say okay well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to sell it and that is how they make a bit of money on those spread out costs it’s usually incredibly little 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 charge now this is actually essential if you’re in fact using cfds yourself also an over night charge is when you’re not doing that buy sell deal in the exact same day alright there’s then an over night charge charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which suggests you’re in fact purchasing the precise property rather than using utilize anyway you won’t get hit with these charges but these charges are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy selling in the exact same day so let’s state if you go into the aid area this isn’t the overnight costs info 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 and that only applies as i said to cfds there are some service charges of course depending upon what you are buying as well this is on your own so keep that in mind however complete costs are totally within their help information fine and we talked about as well as free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two different ways of actually utilizing these copy works they do not have any additional costs on top of the regular fees that
exist now what you require to keep in mind though is these possibly handled by other people completely or sometimes have actually created portfolios you have actually got a genuine person doing the management you have to make sure you choose the individual that’s right for you much like any kind of work this is your financial assets 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 wish to utilize this function we have actually got a couple of various choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real money 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 cash however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is a fantastic option for you again to test the theories alright you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe play with it obviously you may have lost out on gains and losses during that time obviously if you had actually invested your real cash it allows you to develop self-confidence understand 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 really how to copy individuals and copy portfolios now here’s something to remember before you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i indicate by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just indicates am i fine with possibly losing an excellent quantity of this financial investment or gaining as
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well now keep in mind everything is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 people will lose money however that equally suggests they’ll lose eventually in their journey clearly individuals do generate income as well and i have actually got videos all about how you can make certain you are among individuals to really make money however in this situation make sure you research study your danger level would you be all right providing your money to another person which is successfully what you’re doing and trusting them make sure you comprehend what they’re investing in completely if you’re someone who isn’t wanting to be that risky don’t choose somebody who’s completely into crypto or currency conversion think about 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 might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact use this too actually quickly over here you can copy people now it will offer you a great deal of choices and you can use the system to actually look for someone that you elegant really following so let’s see possibly we desire somebody from joined kingdom um who purchases let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can discover everyone who has actually met that requirements and it does provide you a danger factor as well 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 predictions of the future this does not indicate someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to confirm are you all right with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she really purchasing so let’s enter 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 understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is good so in fact for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she prefers she’s also got a little bit more um of the type of primary food business and you’ve got you understand pharmaceutical and production business as that. Coinbase Metrobank.
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