We get htis a lot on our site the answer to How Do You Send Eth From Gate Io To Coinbase….Concerns that i hear from new investors what if you’re brand new to investing you simply don’t want to choose what you in fact want to invest and you want someone to do it for you there’s just a couple of manner ins which that can take place the first off you can employ 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 obviously you can buy mutual funds particular funds are developed 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 keep in mind this platform is quite advanced you can do cfds which obviously 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 learning about please do study the platform don’t simply assume since i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that alternative as well so you actually get utilized 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 naturally your capital is at threat this is investing we’re doing you’re purchasing real business if you select to in this specific video we’re discussing how to copy other people’s investments with your cash so obviously your capital is at danger and we have to bear that in mind do not just do something since that person has actually said they have actually made profit 14 months in a row purchase these options because you believe is the best ones for you and that being said let’s dive straight 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 probably.
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famous for it’s the alternative to see what other traders are doing amazing we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can in fact state i want to do exactly what that trader is doing or match that exact portfolio of alternatives and generally whenever they make a trade they buy they offer whatever they do your money will be mimicked with it so that indicates if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees involved truly important you understand what are the expenses of this now with any platform there will be some cost to certainly these are genuine 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 sites then may not charge you for in fact buying and selling funds or etfs private commodities specific stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort 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 know before you really begin investing in copy trading or copy portfolios and lastly some best suggestions best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s start with charges really important to understand these now on there’s a number of costs there isn’t costs to do with really buying and selling okay so commission charges 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 instantly converted into us dollars and i’ll cover a little point about that later however 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 of course understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you may say okay that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are just one of those choices that they have a lot of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every 6 months you know depends completely how you’re investing however that is a cost to remember the 2nd cost that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not a choice to buy in euros or uk and that’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading 2 and 2 open market anyone at all this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you kind of have to accept you understand if you want to use their platform go from uk to us then that conversion cost 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 offer me us dollars instead you have to pay their fees now the terrific thing about however when you’ve transformed your cash you do not have 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 preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s truly good utilizing that part of their website will not definitely restrict you in any way nevertheless we need to understand two other fees the very first being what’s called spread fees all right and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is generally the distinction that is part of the financial investment platform between the buy rate and the price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact means that when you wish to purchase or offer as you can see it’s not the price you’re seeing up here let me show you that once again so the existing rate of tesla is the value of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll find this all over 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 obviously it’s more pricey to buy than it is to offer so they’re going to give you less back with your sale and you state okay well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it and that is how they make a little bit of money on those spread out fees it’s usually extremely small it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a little bit money now the last feat is called an
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over night cost now this is actually crucial if you’re really utilizing cfds yourself too an over night cost is when you’re refraining from doing that buy sell deal in the very same day okay there’s then an over night charge charged or even if you go from the friday to the monday prior to 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 implies you’re really purchasing the precise possession instead of using utilize anyway you will not get hit with these costs however these costs are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you go into the help area 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 fees then for when you’re doing overnight or you’re doing over weekends which just uses as i said to cfds there are some surcharges naturally depending on what you are buying as well this is on your own so keep that in mind but full fees are entirely within their aid information okay and we spoke about along with totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of in fact utilizing these copy functions they don’t have any additional costs on top of the normal charges that
exist now what you require to keep in mind though is these possibly managed by other individuals totally or sometimes have actually produced portfolios you have actually got a real person doing the management you need to ensure you select the person that’s right for you much like any profession this is your monetary assets so we absolutely require to ensure it’s the best person for us before we copy them so the first things i would call it if you do want to use this function we’ve got a couple of different 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 means i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your credit card information or anything you can basically have this virtual portfolio simulate as if you are utilizing your own money 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 perhaps this is a fantastic option for you once again to test the theories okay you might want to purchase tesla or apple or this etf why not utilize the virtual option as a method to kind of safe play with it obviously you may have missed out on gains and losses throughout that time obviously if you had invested your genuine cash it allows you to build self-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 in fact how to copy people and copy portfolios now here’s something to keep in mind before you select 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 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 run the risk of simply means am i alright with potentially losing an excellent amount of this investment or getting as
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well now keep in mind whatever is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 people will lose money however that similarly implies they’ll lose at some point in their journey obviously individuals do make money as well and i’ve got videos all about how you can ensure you’re one of the people to really earn money but in this scenario make sure you research your risk level would you be okay providing your cash to someone else which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing totally if you’re someone who isn’t wishing to be that risky don’t select someone who’s entirely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold and even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really utilize this too actually easily over here you can copy people now it will offer you a great deal of options and you can use the system to really search for somebody that you fancy actually following so let’s see possibly we desire somebody from unified kingdom um who invests in let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds a good amount and i can find everybody who has satisfied that criteria and it does provide you a danger element also 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
keep in mind it’s like anything to do with the news or predictions of the future this does not mean someone 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 after that you know ask you to confirm are you okay with this and off you go now another way to actually deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she really investing in so let’s go into portfolio and you can see she’s rather 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 market she’s got a few of mine really that i invest in too which is great so in fact for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s also got a bit more um of the kind of main food business and you’ve got you know pharmaceutical and production companies as that. How Do You Send Eth From Gate Io To Coinbase.
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