We get htis a lot on our site the answer to If I Trade Bitcoin Do I Actually Own A Bitcoin?….Questions that i hear from brand-new financiers what if you’re brand new to investing you just don’t want to choose what you really wish to invest and you desire someone to do it for you there’s only a number of manner ins which that can happen the first of all you can employ an investment portfolio supervisor they’ll normally charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds specific funds are produced 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 an overall please remember this platform is rather sophisticated you can do cfds which of course cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform don’t simply assume due to the fact that i use 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 option also so you really get utilized to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying genuine business if you pick to in this particular video we’re discussing how to copy other people’s 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 have actually made earnings 14 months in a row buy these options because you think 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 understanding 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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well-known for it’s the choice to see what other traders are doing incredible we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can really state i wish to do precisely what that trader is doing or match that exact portfolio of options and generally each time they make a trade they buy they sell whatever they do your money will be simulated with it so that implies if for example 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 also cover is the fees involved really critical you understand what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no charge websites then may not charge you for actually buying and selling funds or etfs private commodities specific 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 type of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to understand prior to you really start purchasing copy trading or copy portfolios and lastly some best suggestions best practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s begin with charges actually essential to comprehend these now on there’s a number of charges there isn’t charges to do with in fact buying and selling okay so commission fees are free however there are a number of other costs the first one is withdrawal costs so you can undoubtedly put money in now if you remain in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your money so you offer your shares you sell your products 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 obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might state alright 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 charges are simply among those choices that they have a lot of platforms undoubtedly are totally free 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 when every 6 months you understand depends entirely how you’re investing but that is a fee to bear in mind the second charge that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not a choice to buy in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading 2 and 2 free trade anyone at all this is standard they have i suppose stuck to whatever cost 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 fee exists what are they actually offering 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 say provide me us dollars rather you need to pay their costs now the fantastic aspect of though when you’ve transformed your money you do not have to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the initial day that you buy 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 actually great utilizing that part of their site won’t definitely restrict you in any way however we need to know 2 other costs the very first being what’s called spread charges all right and i’m going to show you what i imply on now a spread cost as i’m going to show you
on is generally the distinction that belongs to the investment platform between the buy cost and the price fine it’s their premium on doing both those two 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 indicates that when you wish to offer 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 existing cost of tesla is the value of a share what’s called spread costs is the difference then really to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to offer you less back with your sale and you state alright 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 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 but that’s one place every investment firm will once again make a little bit money now the last accomplishment is called an
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over night charge now this is truly important if you’re in fact utilizing cfds yourself also an overnight cost is when you’re refraining from doing that buy offer transaction in the very same day alright there’s then an over night charge charged or even if you go from the friday to the monday prior to sailing a weekend fee 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 means you’re really purchasing the exact possession instead of utilizing utilize anyway you won’t get hit with these fees but these costs are if you’re using leverage and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s state if you enter into the help area this isn’t the over night costs 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 over night or you’re doing over weekends and that only uses as i said to cfds there are some service charges naturally depending on what you are investing in too this is on your own so keep that in mind but full costs are completely within their aid info fine and we discussed in addition to totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of really utilizing these copy operates 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 possibly managed by other individuals totally or often have actually produced portfolios you’ve got a genuine person doing the management you need to ensure you pick the individual that’s right for you just like any profession this is your monetary properties so we absolutely need to ensure 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 utilize this function we have actually got a number of different options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine cash possibly this is an excellent choice for you again to test the theories alright you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe have fun with it obviously you may have missed out on gains and losses throughout that time naturally if you had invested your real money it enables you to develop confidence comprehend 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 people and copy portfolios now here’s something to remember prior to you choose someone 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 mean by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply implies am i fine with possibly losing a great amount of this investment or acquiring as
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well now remember everything is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 people will lose cash but that equally means they’ll lose eventually in their journey undoubtedly people do earn money also and i’ve got videos everything about how you can ensure you are among the people to actually earn money however in this circumstance make sure you research study your danger level would you be alright giving your cash to another person which is successfully what you’re doing and trusting them make certain you comprehend what they’re investing in fully if you’re someone who isn’t wanting to be that dangerous do not pick somebody who’s totally into crypto or currency conversion think of it you ‘d probably want a foundation of strong products
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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 quickly over here you can copy people now it will give you a lot of options and you can utilize the system to really look for somebody that you expensive actually following so let’s see perhaps we desire someone from joined kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everybody who has actually met that requirements and it does provide you a threat aspect also so it tends to be the higher 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’s like anything to do with the news or forecasts 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 guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to confirm are you all right with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she in fact buying 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 excellent to understand ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is good so in fact for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s likewise got a bit more um of the type of main food business and you’ve got you understand pharmaceutical and production companies as that. If I Trade Bitcoin Do I Actually Own A Bitcoin?.
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