We get htis a lot on our site the answer to How Much Money Can I Make Trading Cryptocurrency….Questions that i hear from new investors what if you’re brand new to investing you merely do not wish to choose what you actually wish to invest and you want someone to do it for you there’s just a couple of manner ins which that can occur the first off you can hire a financial investment portfolio supervisor they’ll normally charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is of course you can purchase mutual funds specific 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 bear in mind this platform is quite innovative you can do cfds which obviously cfds are methods of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform don’t just presume since i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they consider that option also so you in fact 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 obviously your capital is at danger this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re talking about how to copy other individuals’s investments with your money so obviously your capital is at risk and we need to bear that in mind do not simply do something since that individual has actually stated they’ve made earnings 14 months in a row buy these choices due to the fact that 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 understanding 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 incredible we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can really say i wish to do exactly what that trader is doing or match that precise portfolio of options and generally every time they make a trade they buy they offer whatever they do your money will be simulated with it so that indicates 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 likewise cover is the charges included really important you understand what are the costs of this now with any platform there will be some cost to certainly these are real 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 cost sites then might not charge you for actually buying and selling funds or etfs individual products private 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 type of charges associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand before you really start buying copy trading or copy portfolios and lastly some finest recommendations best practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s begin with charges truly essential to comprehend these now on there’s a number of costs there isn’t costs to do with actually buying and selling alright so commission costs are complimentary nevertheless there are a couple of other costs the very first one is withdrawal fees 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 automatically converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your money so you offer your shares you offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m just withdrawing when i definitely require to now you may say okay that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are simply among those alternatives that they have a great deal of platforms certainly are 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 six months you know depends completely how you’re investing however that is a charge to remember the second charge that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not an option to buy in euros or uk which’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m good 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 two free trade anyone at all this is standard they have i expect stuck to whatever fee they charge for that conversion rate you sort of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge exists what are they really providing 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 give me us dollars rather you need to pay their fees now the excellent aspect of though when you’ve transformed your cash you do not need to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies 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 excellent using that part of their site will not definitely restrict you in any way however we need to know two other charges the very first being what’s called spread charges fine and i’m going to reveal you what i mean on now a spread cost as i’m going to show you
on is basically the distinction that is part of the investment platform between the buy rate 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 website today tesla’s dollar value 599 per share in tesla that actually suggests 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 again so the present price of tesla is the worth of a share what’s called spread fees is the difference then actually to purchase 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 every time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to sell so they’re going to give you less back with your sale and you state okay well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you want to offer it which is how they make a little bit of cash on those spread out fees it’s typically incredibly small 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 task is called an
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overnight fee now this is truly essential if you’re really utilizing cfds yourself also an overnight cost is when you’re refraining from doing that buy offer transaction in the same day alright there’s then an overnight charge charged and even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which indicates you’re really buying the exact asset instead of using utilize anyway you will not get hit with these fees but these fees are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you go into the help section 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 costs then for when you’re doing overnight or you’re doing over weekends and that just uses as i said to cfds there are some service charges naturally depending on what you are investing in as well this is on your own so keep that in mind but complete charges are totally within their assistance information all right and we discussed as well as free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of really utilizing these copy works they do not have any extra charges on top of the typical charges that
are there now what you require to bear in mind though is these potentially managed by other people completely or sometimes have created portfolios you’ve got a genuine individual doing the management you have to ensure you select the person that’s right for you much like any type of work this is your monetary assets so we definitely require to ensure it’s the ideal person 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 first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can generally have this virtual portfolio mimic 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 comfy with utilizing your real money perhaps this is a great choice for you again to check the theories okay you might want to purchase tesla or apple or this etf why not use the virtual alternative as a way to sort of safe have fun with it clearly you may have missed out on gains and losses throughout that time of course if you had invested your real cash it allows you to develop self-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 in fact how to copy individuals and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i imply by that undoubtedly 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 simply implies am i fine with possibly losing an excellent amount of this financial investment or acquiring as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 people will lose cash but that equally indicates they’ll lose eventually in their journey undoubtedly individuals do generate income also and i have actually got videos all about how you can ensure you’re one of the people to in fact earn money however in this situation ensure you research your danger level would you be alright giving your cash to someone else which is successfully what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re somebody who isn’t wanting to be that risky do not pick somebody who’s totally 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 standard etfs and index funds you may 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 actually use this too truly quickly over here you can copy individuals now it will offer you a lot of options and you can utilize the system to in fact look for someone that you expensive really following so let’s see maybe we want somebody from joined kingdom um who buys let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everybody who has satisfied that requirements and it does give you a danger factor too so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people 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 four or minus 50 there’s no way to ensure 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 verify are you all right with this and off you go now another way to in fact deep dive if we click on this person for example ruby mza as an example you can actually 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 little bit so that’s excellent 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 actually that i purchase too which is excellent so in fact for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s also got a bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production companies as that. How Much Money Can I Make Trading Cryptocurrency.
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