Cynthia Sikes Svakom Echo – 0% Commission on Stocks

We get htis a lot on our site the answer to Cynthia Sikes Svakom Echo….Questions that i speak with brand-new investors what if you’re brand new to investing you merely do not want to decide what you actually want to invest and you desire someone to do it for you there’s just a number of ways that that can occur the to start with you can work with an investment portfolio supervisor they’ll typically charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is naturally you can buy mutual funds particular funds are created 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 quite innovative 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 learning about please do study the platform don’t just presume due to the fact that i utilize it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they consider that choice as well so you really get utilized 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 naturally your capital is at risk this is investing we’re doing you’re buying genuine companies if you select to in this specific video we’re talking about how to copy other individuals’s financial investments with your money so certainly your capital is at danger and we need to bear that in mind do not just do something since that person has said they’ve made revenue 14 months in a row purchase these choices since you think is the ideal ones for you and that being said 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 element that is most likely.

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well-known for it’s the option to see what other traders are doing unbelievable we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our money we can actually say i want to do precisely what that trader is doing or match that specific portfolio of alternatives and basically each time they make a trade they purchase they sell whatever they do your money will be simulated 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 money in so we’re going to also cover is the costs included really critical you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly 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 cost websites then may not charge you for really buying and selling funds or etfs specific commodities specific stocks.

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there’ll be costs on other parts possibly 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 charges with in particular in this video the next would be things to know before you really begin purchasing copy trading or copy portfolios and finally some best guidance best practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s begin with fees truly essential to comprehend these now on there’s a couple of charges there isn’t fees to do with actually buying and selling fine so commission costs are totally free however there are a couple of other charges the very first one is withdrawal costs so you can obviously put cash in now if you’re in the uk we put our uk money.

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and it’s immediately 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 sell your shares you sell 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 of course understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might state fine that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are simply one of those options 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 largely it can be maybe even once a year as soon as every six months you understand depends completely how you’re investing however that is a fee to keep in mind the second fee that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’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 perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading two and two free trade anyone at all this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you type of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge exists what are they in fact offering 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 rather you need to pay their costs now the great thing about though when you have actually converted your money you do not have to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the initial day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s really good using that part of their website won’t definitely restrict you in any way nevertheless we have to be aware of 2 other costs the first being what’s called spread costs fine and i’m going to show you what i indicate on now a spread cost as i’m going to show you

on is basically the distinction that becomes part of the investment platform in between the buy price and the price okay it’s their premium on doing both those 2 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 in fact suggests that when you want to purchase or sell as you can see it’s not the price you’re seeing up here let me reveal you that once again so the existing cost of tesla is the worth of a share what’s called spread charges is the distinction then actually 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 every time you do a buyer’s share so keep that in mind certainly it’s more costly to purchase than it is to sell so they’re going to provide you less back with your sale and you state okay 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 which is how they make a bit of money on those spread out charges 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 once again make a bit cash now the last feat is called an

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overnight fee now this is really essential if you’re in fact utilizing cfds yourself too an over night charge is when you’re refraining from doing that buy offer transaction in the very same day okay there’s then an overnight fee charged and even if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one utilize which suggests you’re in fact purchasing the specific property instead of utilizing leverage anyway you won’t get hit with these charges but these fees 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 enter into the assistance section this isn’t the overnight charges 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 and that just applies as i stated to cfds there are some service charges obviously depending on what you are purchasing as well this is on your own so keep that in mind but complete charges are completely within their help details all right and we talked about in addition to free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of actually utilizing these copy operates they don’t have any additional charges on top of the regular costs that

exist now what you need to keep in mind though is these possibly managed by other people completely or in some cases have developed portfolios you’ve got a genuine person doing the management you need to ensure you select the individual that’s right for you similar to any kind of work this is your financial properties so we absolutely require to ensure it’s the ideal person for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of different choices for us first off 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 think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your credit card information or anything you can basically have this virtual portfolio mimic as if you are using your own cash however in fact purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with utilizing your real money possibly this is a great option for you again to evaluate the theories okay you may wish to purchase tesla or apple or this etf why not utilize the virtual choice as a way to type of safe have fun with it obviously you might have lost out on gains and losses throughout that time of course if you had actually invested your real money it permits you to construct confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to remember before you select somebody that you’re going to copy or a portfolio you’re going to copy make sure 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 investments the riskier you can be risk simply implies am i okay with possibly losing an excellent quantity of this investment or gaining as

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well now keep in mind whatever is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose money however that equally means they’ll lose at some point in their journey certainly people do make money as well and i have actually got videos everything about how you can make sure you’re one of the people to really generate income but in this scenario make sure you research study your risk level would you be okay giving your cash to somebody else which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re somebody who isn’t wishing to be that dangerous don’t pick somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely want a backbone 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 say you can really utilize this too truly easily over here you can copy people now it will provide you a lot of choices and you can utilize the system to in fact search 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 gotten a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has met that criteria and it does give you a risk aspect also so it tends to be the greater 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’s like anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to guarantee 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 verify are you alright with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she actually purchasing 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 excellent to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is good so really for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s also got a bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production companies as that. Cynthia Sikes Svakom Echo.

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