We get htis a lot on our site the answer to Karen Foo Best Days To Trade Forex….Concerns that i hear from new investors what if you’re brand new to investing you merely don’t wish to decide what you in fact want to invest and you want someone to do it for you there’s only a number of ways that that can occur the to start with you can hire an investment portfolio manager they’ll generally charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is naturally you can buy mutual funds specific funds are created 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 too now if you’re brand new to a total please remember this platform is rather advanced you can do cfds which obviously cfds are methods 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 presume due to the fact that 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 consider that option as well so you actually get used to the structure of the website and after that when you’re ready to utilize your own money 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 specific video we’re discussing how to copy other individuals’s investments with your cash so certainly your capital is at risk and we need to bear that in mind do not simply do something because that individual has actually said they’ve made revenue 14 months in a row invest in these choices because you believe is the ideal ones for you which 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 most likely.
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popular for it’s the choice to see what other traders are doing amazing we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can in fact state i want to do exactly what that trader is doing or match that precise portfolio of options and generally each time they make a trade they buy they sell whatever they do your money will be imitated with it so that means 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 fees included really important you understand what are the costs of this now with any platform there will be some expense to obviously these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved 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 fees on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know prior to you actually start purchasing 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 more advanced financier so let’s kick off with costs actually essential to comprehend these now on there’s a couple of fees there isn’t charges to do with actually buying and selling alright so commission fees are free however there are a number of other costs the very first one is withdrawal costs so you can obviously 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 on but when you wish to withdraw your money so you sell your shares you offer 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 naturally understanding that i’m going to ensure that i’m only withdrawing when i absolutely require to now you may state all right that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are simply among those choices that they have a lot 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 when every six months you understand depends entirely how you’re investing but that is a charge to bear in mind the second cost that i have actually touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk and that’s great 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 good with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading two and two open market anyone at all this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you sort of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee exists what are they really providing you in terms of 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 need to pay their fees now the terrific aspect of however when you’ve transformed your money you do not need to invest it right away that dollar value can being 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 extra fees so that’s really great utilizing that part of their site will not definitely restrict you in any way nevertheless we need to be aware of two other charges the very first being what’s called spread fees alright and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you
on is essentially the difference that becomes part of the investment platform in between the buy cost and the list price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that actually means that when you want to buy 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 present rate of tesla is the worth of a share what’s called spread charges is the distinction then really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of profit from you each time you do a buyer’s share so keep that in mind certainly 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 all right well why does that occur it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to sell it and that is how they make a bit of money on those spread out charges it’s generally exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit cash now the last task is called an
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overnight fee now this is actually crucial if you’re really using cfds yourself too an overnight charge is when you’re refraining from doing that buy sell deal in the exact same day alright there’s then an overnight charge charged or even if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which indicates you’re in fact purchasing the exact asset instead of using utilize anyway you will not get hit with these costs but these fees are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s say if you go into the aid area this isn’t the over night fees info you can see exactly the breakdown and it’ll tell 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 applies as i said to cfds there are some additional charges obviously depending upon what you are buying also this is on your own so keep that in mind however complete charges are entirely within their help information okay and we talked about along with complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of really using these copy operates they don’t have any additional charges on top of the typical charges that
exist now what you need to remember though is these possibly managed by other people entirely or in some cases have created portfolios you have actually got a genuine individual doing the management you need to make certain you select the person that’s right for you similar to any type of work this is your financial possessions so we definitely require 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 want to use this function we have actually got a number of various alternatives for us to start with 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 ways i believe 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 charge card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real cash maybe this is an excellent choice for you again to evaluate the theories all right you may wish to buy tesla or apple or this etf why not use the virtual alternative as a method to kind of safe have fun with it certainly you might have lost out on gains and losses during that time naturally if you had actually invested your real money it enables you to develop self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i indicate by that obviously 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 just means am i fine with possibly losing an excellent quantity of this investment or gaining 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 statistic 75 people will lose cash however that equally suggests they’ll lose at some time in their journey clearly people do make money also and i’ve got videos everything about how you can make certain you are among individuals to really generate income but in this scenario make sure you research your risk level would you be fine offering your money to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re somebody who isn’t wishing to be that dangerous do not select someone who’s entirely into crypto or currency conversion consider it you ‘d probably want a foundation of strong commodities
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like gold and even oil plus more traditional 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 say you can really utilize this too actually easily over here you can copy individuals now it will give you a lot of choices and you can utilize the system to in fact search for someone that you expensive actually following so let’s see maybe we want somebody from united kingdom um who buys let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has actually satisfied that requirements and it does offer you a threat factor also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not suggest somebody 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 simple as clicking the copy button and off you go and after that you understand ask you to verify are you all right with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got some of mine really that i purchase too which is great so actually 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 business that appears to be what she chooses she’s also got a bit more um of the sort of main food business and you’ve got you know pharmaceutical and production companies as that. Karen Foo Best Days To Trade Forex.
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