We get htis a lot on our site the answer to Is Degiro Safe Reddit….Questions that i hear from brand-new investors what if you’re brand new to investing you merely don’t wish to choose what you in fact want to invest and you want somebody to do it for you there’s only a couple of manner ins which that can happen the to start with you can hire a financial investment portfolio manager they’ll usually charge a quite a high premium to do that maybe one or two percent of your profits will go to them the other thing is of course you can buy mutual funds specific 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 too now if you’re brand new to a total please keep in mind this platform is quite sophisticated you can do cfds which of course 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 assume due to the fact that i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they give that option too so you actually get utilized to the structure of the website 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 danger this is investing we’re doing you’re purchasing genuine business if you choose to in this specific video we’re speaking about how to copy other individuals’s financial investments with your cash so obviously your capital is at risk and we have to bear that in mind do not simply do something because that person has said they’ve made profit 14 months in a row invest in these choices since you believe is the right ones for you and that being stated 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 aspect that is probably.
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famous for it’s the option to see what other traders are doing extraordinary we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can really say i wish to do precisely what that trader is doing or match that precise portfolio of choices and generally each time they make a trade they buy they sell whatever they do your cash will be imitated with it so that means if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs included truly vital you comprehend what are the expenses of this now with any platform there will be some cost to certainly 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 some of the absolutely no fee websites then might not charge you for in fact buying and selling funds or etfs private commodities private 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 charges 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 before you in fact begin purchasing copy trading or copy portfolios and lastly some best guidance finest practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s begin with fees really crucial to comprehend these now on there’s a couple of costs there isn’t fees to do with really buying and selling okay so commission charges are free however there are a couple of other costs the first one is withdrawal costs so you can obviously put cash 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 but when you wish 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 naturally knowing that i’m going to make certain that i’m only withdrawing when i definitely need to now you might say alright that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are simply one of those choices that they have a great deal of platforms obviously are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every 6 months you understand depends entirely how you’re investing however that is a fee to keep in mind the 2nd cost that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading 2 and 2 free trade anyone at all this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you kind of need 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 giving 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 offer me us dollars instead you need to pay their costs now the excellent feature of however when you’ve converted your cash you do not need to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that implies the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s really great utilizing that part of their site will not certainly restrict you in any way however we have to understand two other costs the first being what’s called spread costs all right 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 investment platform in between the buy price and the 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 today tesla’s dollar value 599 per share in tesla that actually implies that when you wish to offer or buy as you can see it’s not the cost you’re seeing up here let me show you that once again so the current rate of tesla is the value of a share what’s called spread fees is the distinction then in fact to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of benefit from you every time you do a buyer’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to provide you less back with your sale and you say alright well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to offer it and that is how they make a little bit of cash on those spread out fees it’s usually exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a little bit money now the last task is called an
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over night cost now this is really important if you’re actually using cfds yourself as well an over night fee is when you’re refraining from doing that buy sell transaction in the very same day all right there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which implies you’re actually buying the exact asset rather than using utilize anyhow you won’t get hit with these costs but these costs are if you’re using utilize and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you go into the aid 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 over night or you’re doing over weekends which only uses as i said to cfds there are some added fees obviously depending upon what you are purchasing too this is on your own so keep that in mind however full fees are totally within their assistance details alright and we spoke about as well as totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of in fact using these copy operates they do not have any extra costs on top of the normal fees that
are there now what you need to remember though is these possibly handled by other individuals entirely or often have produced portfolios you’ve got a real person doing the management you have to make certain you select the person that’s right for you similar to any line of work this is your financial properties so we definitely need to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a number of various options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are using your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash maybe this is a terrific option for you again to test the theories okay you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to type of safe play with it undoubtedly you might have lost out on gains and losses during that time of course if you had invested your real money it allows you to build self-confidence comprehend 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 actually 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 imply by that certainly 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 risk simply suggests am i all right with potentially losing a great quantity of this investment or acquiring as
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well now remember whatever is ups and downs you will make money you’ll lose money that’s why they make the figure 75 individuals will lose cash however that similarly suggests they’ll lose at some time in their journey undoubtedly people do earn money too and i’ve got videos all about how you can ensure you are among the people to actually earn money however in this situation make certain you research your threat level would you be alright giving your money to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re someone who isn’t wanting to be that risky do not pick somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely 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 desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really utilize this too truly easily over here you can copy people now it will offer you a lot of options and you can utilize the system to in fact search for someone that you expensive actually following so let’s see possibly we want someone from unified kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has actually met that criteria and it does give you a danger factor as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns
bear 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 4 or minus 50 there’s no chance to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to validate are you okay with this and off you go now another way to really deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she in fact buying 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 good to know ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is good so actually for me knowing what i like to purchase my specific 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 likewise got a little bit more um of the sort of primary food companies and you’ve got you understand pharmaceutical and production business as that. Is Degiro Safe Reddit.
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