We get htis a lot on our site the answer to If I Lost Money In Forex Trading….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely do not wish to decide what you in fact want to invest and you desire someone to do it for you there’s only a couple of ways that that can take place the first off you can hire an investment portfolio supervisor they’ll usually charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is of course you can buy mutual funds particular funds are developed once 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 a total please keep in mind this platform is rather innovative you can do cfds which obviously cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re finding out 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 cash they consider that alternative too so you in fact get utilized to the structure of the website and then when you’re ready to utilize 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 particular video we’re discussing how to copy other people’s investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not just do something because that individual has stated they’ve made profit 14 months in a row buy these options since you think is the ideal ones for you and that being said let’s dive straight 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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popular for it’s the choice to see what other traders are doing amazing we don’t usually 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 cash we can really say i want to do precisely what that trader is doing or match that precise portfolio of alternatives and basically every time they make a trade they buy they sell whatever they do your money will be imitated with it so that suggests 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 charges included actually important you comprehend what are the expenses of this now with any platform there will be some cost to clearly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the zero cost websites then might not charge you for actually buying and selling etfs or funds private products individual stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs 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 prior to you in fact start purchasing copy trading or copy portfolios and finally some best advice finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s begin with charges really important to comprehend these now on there’s a number of charges there isn’t fees to do with really buying and selling all right so commission costs are free nevertheless there are a number of other charges the first one is withdrawal costs so you can obviously put money in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your cash so you offer your shares you offer your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m only withdrawing when i definitely need to now you may state okay that’s rather costly and i get that however 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 lot 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 as soon as every six months you understand depends totally how you’re investing but that is a charge to keep in mind the second fee that i’ve discussed is that conversion charge now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s fine that suits 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 charge now when you utilize anyone so if you’re using trading two and 2 free trade anybody this is basic they have i expect stuck to whatever charge they charge for that conversion rate you type of have to accept you know if you wish to use their platform go from uk to us then that conversion charge is there what are they really offering 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 state provide me us dollars rather you have to pay their charges now the terrific thing about however when you have actually converted your money you do not need to invest it right away 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 purchase or transform 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 actually great using that part of their site will not definitely limit you in any way however we need to understand two other costs the first being what’s called spread fees okay and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is basically the distinction that belongs to the financial investment platform in between the buy rate and the list price all right 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 actually implies that when you want to purchase or sell as you can see it’s not the cost you’re seeing up here let me show you that once again so the current cost of tesla is the value of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind certainly it’s more expensive to buy than it is to offer so they’re going to provide you less back with your sale and you state fine well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to offer it which is how they make a bit of money on those spread out charges it’s usually exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit cash now the last feat is called an
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over night cost now this is actually essential if you’re actually using cfds yourself as well an overnight cost is when you’re not doing that buy sell deal in the very same day alright there’s then an overnight fee charged or even if you go from the friday to the monday prior to sailing a weekend charge 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 in fact buying the specific possession rather than using take advantage of anyhow you will not get hit with these costs but these fees are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you go into the aid area this isn’t the overnight fees information you can see precisely 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 surcharges obviously depending on what you are purchasing also this is on your own so keep that in mind however complete fees are totally within their aid details okay and we discussed along with complimentary 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 whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of really using these copy functions they do not have any additional charges on top of the normal costs that
are there now what you require to remember though is these potentially managed by other people totally or often have developed portfolios you’ve got a real person doing the management you have to make sure you select the individual that’s right for you just like any type of work this is your financial properties so we definitely need to make certain it’s the right individual for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple of different options for us firstly 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 methods i believe 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 charge card information or anything you can generally have this virtual portfolio imitate as if you are using your own money but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money maybe this is a fantastic choice for you once again to evaluate the theories alright you may want to purchase tesla or apple or this etf why not use the virtual choice as a method to sort of safe have fun with it certainly you may have missed out on gains and losses throughout that time of course if you had actually invested your real cash it permits you to construct 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 individuals and copy portfolios now here’s something to keep in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i mean by that undoubtedly 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 suggests am i fine with possibly losing a great amount of this financial investment or acquiring as
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well now remember everything is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose money however that equally suggests they’ll lose at some point in their journey clearly people do earn money also and i have actually got videos all about how you can make certain you’re one of individuals to actually earn money however in this circumstance make certain you research study your danger level would you be okay providing your cash to someone else which is effectively what you’re doing and trusting them make sure you comprehend what they’re purchasing completely if you’re somebody who isn’t wishing to be that risky do not choose somebody who’s totally into crypto or currency conversion consider it you ‘d probably want a backbone of strong products
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like gold or even oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually use this too truly quickly over here you can copy people now it will offer you a lot of options and you can use the system to really look for somebody that you expensive actually following so let’s see possibly we want somebody from united kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a great quantity and i can discover everybody who has satisfied that criteria and it does offer you a danger element also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they could make four 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 alright with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she in fact 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 type of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is excellent so actually for me understanding what i like to buy my specific 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 likewise got a little bit more um of the sort of primary food companies and you have actually got you know pharmaceutical and production business as that. If I Lost Money In Forex Trading.
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