Illegal 1 Share Thinkorswim – 0% Commission on Stocks

We get htis a lot on our site the answer to Illegal 1 Share Thinkorswim….Concerns that i speak with new investors what if you’re brand new to investing you merely do not wish to choose what you actually want to invest and you want someone to do it for you there’s only a couple of ways that that can occur the firstly 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 naturally you can buy mutual funds specific funds are developed 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 an overall please remember this platform is quite 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 learning about please do study the platform do not just assume since i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they give that option as well so you actually get used 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 obviously your capital is at danger this is investing we’re doing you’re buying real business if you choose to in this specific video we’re speaking about how to copy other individuals’s investments with your cash so obviously your capital is at threat and we need to bear that in mind do not simply do something because that person has actually stated they’ve made earnings 14 months in a row purchase these options since you believe is the best ones for you and that being stated let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is probably.

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well-known for it’s the alternative to see what other traders are doing amazing we don’t 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 money we can actually state i wish to do exactly what that trader is doing or match that specific portfolio of options and essentially every time they make a trade they buy they offer whatever they do your cash will be simulated with it so that means if for example 10 of their financial investment portfolio is 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 really crucial you understand what are the costs of this now with any platform there will be some cost to clearly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no fee websites then might not charge you for in fact buying and selling etfs or funds specific commodities specific stocks.

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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees 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 know prior to you actually begin investing in copy trading or copy portfolios and finally some best suggestions finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with charges actually crucial to comprehend these now on there’s a couple of charges there isn’t charges to do with really buying and selling alright so commission charges are totally free however there are a number of other fees the very first one is withdrawal costs 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 immediately converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your money so you offer your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you might state all right that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are just among those alternatives that they have a lot of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every six months you understand depends entirely how you’re investing however that is a cost to remember the 2nd charge that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not an option to buy in euros or uk and that’s fine that fits 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 utilize anyone so if you’re utilizing trading 2 and 2 open market anyone at all this is basic they have i suppose stuck to whatever cost they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they in fact 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 state offer me us dollars instead you need to pay their costs now the great thing about though when you have actually converted your money you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s actually excellent using that part of their website won’t certainly limit you in any way nevertheless we need to understand 2 other fees the first being what’s called spread charges alright and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you

on is generally the difference that belongs to the investment platform in between the buy rate and the list price fine 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 worth 599 per share in tesla that in fact 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 show you that again so the existing price of tesla is the value of a share what’s called spread fees is the distinction then really to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind certainly it’s more expensive to purchase than it is to sell so they’re going to offer you less back with your sale and you state okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread costs it’s usually incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit cash now the last task is called an

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over night cost now this is really crucial if you’re in fact utilizing cfds yourself also an overnight cost is when you’re refraining from doing that buy sell 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 cruising 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 leverage which implies you’re actually buying the specific possession instead of using take advantage of anyhow you will not get hit with these charges but these charges are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy selling in the exact same day so let’s state if you enter into the aid section this isn’t the overnight fees information you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that only applies as i stated to cfds there are some added fees of course depending upon what you are purchasing as well this is on your own so keep that in mind but full charges are completely within their help info okay and we discussed as well as free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of actually utilizing these copy works they do not have any additional charges on top of the normal fees that

exist now what you need to bear in mind though is these possibly handled by other individuals entirely or in some cases have developed portfolios you have actually got a real person doing the management you need to make certain you choose the individual that’s right for you similar to any profession this is your monetary possessions so we absolutely need to ensure it’s the best person for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of different choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money or a virtual platform virtual ways 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 require to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money 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 maybe this is a fantastic choice for you once again to evaluate the theories alright you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe play with it obviously you might have missed out on gains and losses throughout that time obviously if you had actually invested your genuine money it enables you to build confidence understand the platform so that’s one choice 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 individuals and copy portfolios now here’s something to remember prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i indicate by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of simply suggests am i all right with possibly losing a great amount of this financial investment or getting as

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well now remember whatever is downs and ups you will earn money you’ll lose money that’s why they make the statistic 75 individuals will lose cash but that similarly indicates they’ll lose at some point in their journey certainly individuals do generate income also and i have actually got videos everything about how you can make sure you’re one of the people to in fact earn money however in this circumstance make sure you research study your threat level would you be okay giving your money to another person which is effectively what you’re doing and trusting them make sure you understand what they’re buying fully if you’re somebody who isn’t wishing 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 or perhaps 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 provide you a great deal of choices and you can utilize the system to in fact look for someone that you fancy really following so let’s see maybe we want someone from joined kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has actually met that criteria and it does provide you a danger aspect also so it tends to be the higher 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 forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they could make 4 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 after that you understand ask you to validate are you alright with this and off you go now another method to really deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she actually investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good 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 really that i purchase too which is excellent so in fact for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s likewise got a bit more um of the kind of primary food companies and you have actually got you know pharmaceutical and production business as that. Illegal 1 Share Thinkorswim.

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