We get htis a lot on our site the answer to How Many People Trade Bitcoin….Concerns that i hear from brand-new financiers what if you’re brand new to investing you just do not wish to decide what you actually wish to invest and you want somebody to do it for you there’s only a couple of ways that that can occur the firstly you can hire a financial investment portfolio manager they’ll usually charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is naturally you can buy mutual funds particular funds are created 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 an overall please keep in mind this platform is rather innovative 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 discovering please do study the platform don’t simply assume due to the fact that 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 cash they give that option also so you really get used to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying genuine companies if you pick to in this specific video we’re discussing how to copy other people’s financial investments with your money so clearly your capital is at risk and we need to bear that in mind do not simply do something since that individual has stated they have actually made profit 14 months in a row invest in these options because you believe is the right ones for you which being stated let’s dive directly in [Music] so 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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famous for it’s the choice to see what other traders are doing unbelievable we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can in fact state i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and basically each time they make a trade they purchase they offer whatever they do your money will be imitated with it so that means if for instance 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 involved truly important you comprehend what are the costs of this now with any platform there will be some expense to clearly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the absolutely no fee sites then may not charge you for actually buying and selling funds or etfs individual commodities specific stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type 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 know before you in fact start purchasing copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s begin with costs truly important to understand these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling alright so commission fees are complimentary nevertheless there are a number of other costs the very first one is withdrawal charges so you can certainly 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 later on however when you wish to withdraw your money so you sell your shares you sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you may say alright that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are simply among those alternatives that they have a lot of platforms clearly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every six months you understand depends entirely how you’re investing however that is a fee to remember the 2nd charge that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not a choice to buy in euros or uk and that’s great that matches me.
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a lot 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 fee now when you use anyone so if you’re utilizing trading 2 and two open market anyone at all this is standard they have i expect stuck to whatever charge they charge for that conversion rate you type of have to accept you know if you want to utilize their platform go from uk to us then that conversion charge is there what are they actually providing you in terms of 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 state give me us dollars instead you need to pay their charges now the terrific feature of though when you’ve converted your cash you do not have to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests 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 costs so that’s actually great utilizing that part of their website will not definitely restrict you in any way nevertheless we need to understand 2 other fees the very first being what’s called spread fees okay and i’m going to reveal you what i suggest on now a spread charge as i’m going to reveal you
on is basically the distinction that belongs to the financial investment platform between the buy price and the sale price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that actually implies that when you wish to sell or purchase as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current rate of tesla is the value of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll find this everywhere this is another way that they make a small amount of profit from you each time you do a buyer’s share so keep that in mind certainly it’s more costly to buy than it is to sell so they’re going to give you less back with your sale and you state all right well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it and that is how they make a little bit of money on those spread fees it’s typically incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit cash now the last feat is called an
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overnight fee now this is truly important if you’re in fact utilizing cfds yourself as well an overnight charge is when you’re not doing that buy offer transaction in the exact same day okay there’s then an overnight cost charged or even if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which implies you’re really purchasing the specific possession instead of utilizing utilize anyway you won’t get hit with these fees but these costs are if you’re utilizing utilize and cfds and after that 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 help area this isn’t the over night fees details 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 overnight or you’re doing over weekends which just uses as i stated to cfds there are some service charges naturally depending on what you are purchasing as well this is on your own so keep that in mind but complete costs are entirely within their help info fine and we talked about as well as free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of really using these copy works they do not have any additional fees on top of the typical fees that
are there now what you need to keep in mind though is these possibly handled by other people completely or sometimes have developed portfolios you’ve got a genuine person doing the management you have to ensure you select the individual that’s right for you similar to any kind of work this is your monetary properties so we absolutely need to make certain it’s the ideal individual for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of various options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual methods i believe 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 charge card details or anything you can basically have this virtual portfolio mimic as if you are utilizing your own cash but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money maybe this is an excellent choice for you once again to check the theories okay you might want to purchase tesla or apple or this etf why not use 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 invested your genuine money it permits you to develop confidence understand the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to remember prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i suggest by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of simply means am i okay with potentially losing a good quantity of this investment or acquiring as
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well now remember everything is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 individuals will lose money but that equally implies they’ll lose eventually in their journey clearly people do generate income as well and i’ve got videos all about how you can ensure you are among the people to really earn money however in this circumstance make certain you research your threat level would you be okay offering your money to someone else which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in completely if you’re somebody who isn’t wanting to be that dangerous don’t choose somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely want a foundation of strong commodities
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like gold or even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can really utilize this too truly easily over here you can copy individuals now it will provide you a great deal of choices and you can use the system to actually look for somebody that you elegant in fact following so let’s see perhaps we want somebody from unified kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has fulfilled that requirements and it does provide you a risk 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 variety of people that have quite high returns
remember it’s like anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no 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 confirm are you all right 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 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 excellent to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is good so in fact for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s also got a bit more um of the type of main food business and you’ve got you know pharmaceutical and production business as that. How Many People Trade Bitcoin.
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