We get htis a lot on our site the answer to Lean Mode Results….Questions that i hear from brand-new investors what if you’re brand new to investing you just do not wish to choose what you in fact want to invest and you want somebody to do it for you there’s just a couple of ways that that can happen the to start with you can employ a financial investment portfolio manager they’ll normally charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is naturally you can purchase 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 also now if you’re brand new to an overall please bear in mind this platform is rather advanced you can do cfds which naturally 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 discovering please do study the platform do not just assume due to the fact that i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they give that alternative as well so you actually 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 obviously your capital is at risk this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re discussing how to copy other individuals’s investments with your money so obviously your capital is at risk and we need to bear that in mind do not just do something because that individual has stated they have actually made revenue 14 months in a row buy these choices since you think 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 comprehending 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 alternative to see what other traders are doing unbelievable we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our money we can actually say i want to do precisely what that trader is doing or match that specific portfolio of alternatives and basically each time they make a trade they buy they sell whatever they do your cash will be simulated 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 cash in so we’re going to likewise cover is the charges included really important you understand what are the costs of this now with any platform there will be some cost to obviously these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no cost 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 maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know before you actually begin purchasing copy trading or copy portfolios and lastly some best recommendations finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s start with charges actually essential to understand these now on there’s a number of charges there isn’t charges to do with actually buying and selling all right so commission costs are free however there are a couple of other costs the very first one is withdrawal fees so you can obviously put cash 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 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 five dollars per withdrawal so for me naturally knowing that i’m going to make sure that i’m only withdrawing when i absolutely require to now you might say fine 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 among those alternatives that they have a lot of platforms obviously are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every six months you know depends entirely how you’re investing however that is a fee to bear in mind the second cost that i’ve touched upon is that conversion fee 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 great deal 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 fee now when you use anyone so if you’re utilizing trading two and 2 free trade anyone at all this is standard they have i expect stuck to whatever fee 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 exists what are they in fact 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 offer me us dollars rather you have to pay their charges now the fantastic thing about though when you have actually converted your cash you do not need to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s truly excellent using that part of their website will not certainly limit you in any way nevertheless we have to be aware of two other costs the very first being what’s called spread costs all right and i’m going to reveal you what i mean 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 price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact indicates that when you wish to buy or offer as you can see it’s not the rate you’re seeing up here let me show you that again so the existing cost of tesla is the value of a share what’s called spread fees is the distinction then actually to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of benefit from you every time you do a buyer’s share so keep that in mind obviously it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you say all right well why does that happen 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 wish to sell it which is how they make a bit of money on those spread out charges it’s normally incredibly little 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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overnight charge now this is truly crucial if you’re really using cfds yourself also an over night fee is when you’re refraining from doing that buy offer deal in the exact same day okay there’s then an over night fee charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one utilize which indicates you’re actually purchasing the precise possession rather than utilizing leverage anyway you won’t get hit with these fees however these charges are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the same day so let’s say if you enter into the assistance area this isn’t the over night fees information 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 overnight or you’re doing over weekends and that just uses as i said to cfds there are some added fees obviously depending on what you are investing in as well this is on your own so keep that in mind but complete costs are completely within their assistance information fine and we talked about as well as complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity 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 2 various methods of really utilizing these copy operates they do not have any additional charges on top of the normal charges that
exist now what you need to keep in mind though is these potentially handled by other individuals entirely or in some cases have actually created portfolios you’ve got a genuine person doing the management you need to make certain you select the individual that’s right for you much like any kind of work this is your financial assets so we absolutely require to make certain it’s the right 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’ve got a couple of different options 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 real money or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your charge card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own money however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash perhaps this is a fantastic choice for you once again to test the theories okay you may wish to buy tesla or apple or this etf why not use the virtual choice as a way to type of safe play with it certainly you might have lost out on gains and losses throughout that time naturally if you had actually invested your genuine money 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 real 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 prior to you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i suggest by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just implies am i alright with possibly losing a good quantity 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 fact 75 individuals will lose cash however that similarly means they’ll lose at some point in their journey certainly people do earn money as well and i have actually got videos all about how you can ensure you are among the people to really generate income however in this scenario ensure you research study your risk level would you be fine offering 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 risky don’t select somebody who’s totally into crypto or currency conversion consider it you ‘d probably want a foundation of strong products
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like gold or even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really use this too truly quickly over here you can copy people now it will provide you a great deal of options and you can use the system to really search for someone that you expensive really following so let’s see perhaps we desire somebody from united kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has met that requirements and it does give you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns
remember it’s like anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to guarantee 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 verify are you okay with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she really investing in 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 great to know ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is great so really for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s also got a little bit more um of the sort of primary food companies and you have actually got you understand pharmaceutical and production business as that. Lean Mode Results.
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