On this post you’ll find the answer to Cryptocurrency Trading Association….Questions that i speak with brand-new investors what if you’re brand new to investing you merely do not want to decide what you actually want to invest and you want someone to do it for you there’s only a number of ways that that can take place the to start with you can hire an investment portfolio manager they’ll normally charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is obviously you can purchase mutual funds particular 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 too now if you’re brand new to a total please bear in mind this platform is quite advanced you can do cfds which naturally cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform do not just assume due to the fact that i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they give that choice also so you in fact get utilized to the structure of the site 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 investing in real companies if you choose to in this particular video we’re speaking about how to copy other people’s investments with your money so obviously your capital is at danger and we need to bear that in mind do not just do something because that person has actually stated they’ve made profit 14 months in a row invest in these choices since you think is the best ones for you and that being stated let’s dive straight in [Music] so the important 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 probably.
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famous for it’s the option to see what other traders are doing unbelievable we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can really say i want to do exactly what that trader is doing or match that precise portfolio of choices and basically whenever they make a trade they purchase they offer whatever they do your cash will be simulated with it so that implies if for example 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 costs included actually vital you understand what are the expenses 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 some of the no cost sites then may not charge you for actually buying and selling funds or etfs individual commodities specific 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 kinds 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 know prior to you really begin buying copy trading or copy portfolios and finally some best advice finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s start with costs truly essential to understand these now on there’s a number of costs there isn’t fees to do with actually buying and selling fine so commission fees are totally free nevertheless there are a couple of other charges the very first one is withdrawal charges so you can certainly 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 but when you want to withdraw your money so you offer 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 5 dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you may state fine that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are simply among those alternatives that they have a lot of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every six months you know depends entirely how you’re investing but that is a cost to keep in mind the 2nd charge that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not an option to buy in euros or uk and that’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway 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 charge now when you use anyone so if you’re using trading 2 and two open market anyone at all this is basic they have i suppose stuck to whatever fee they charge for that conversion rate you type of have to accept you know if you want to use their platform go from uk to us then that conversion fee exists what are they really offering 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 say offer me us dollars instead you have to pay their charges now the excellent aspect of though when you’ve transformed your money you do not have to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s truly good utilizing that part of their site won’t definitely limit you in any way nevertheless we need to know 2 other charges the first being what’s called spread fees fine and i’m going to reveal you what i suggest on now a spread charge as i’m going to reveal you
on is generally the difference that is part of the investment platform in between the buy rate and the 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 really means that when you wish to offer or purchase as you can see it’s not the rate 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 charges is the distinction then really to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to offer so they’re going to give you less back with your sale and you state okay well why does that occur 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 sell it and that is how they make a bit of cash on those spread out charges it’s typically exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a little bit money now the last feat is called an
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over night charge now this is truly essential if you’re in fact using cfds yourself also an overnight charge is when you’re not doing that buy offer deal in the same day okay there’s then an overnight cost 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 actually buying out the etf the stock the commodity and utilizing time one utilize which indicates you’re really purchasing the specific property rather than utilizing take advantage of anyway you will not get hit with these fees however these fees are if you’re utilizing leverage and cfds and after that you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you go into the help section this isn’t the overnight charges details you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which just applies as i said to cfds there are some additional charges of course depending on what you are purchasing too this is on your own so keep that in mind but complete charges are entirely within their assistance information alright and we discussed as well as totally free to deposit in but there’s a 5 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 fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of actually using these copy functions they don’t have any additional charges on top of the normal costs that
are there now what you require to keep in mind though is these potentially handled by other individuals totally or sometimes have created portfolios you’ve got a genuine individual doing the management you need to ensure you choose the person that’s right for you much like any type of work this is your monetary properties so we definitely require to ensure it’s the right 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 different choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real 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 simulate as if you are using your own money however in fact buy 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 a terrific choice for you once again to check the theories all right you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to sort of safe play with it obviously you may have missed out on gains and losses throughout that time obviously if you had invested your genuine money it enables you to develop confidence understand the platform so that’s one choice for you then next week and i’m going to return to my genuine 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 before you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i mean by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk simply implies am i alright with potentially losing an excellent quantity of this 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 money but that equally indicates they’ll lose at some time in their journey obviously individuals do earn money also and i have actually got videos all about how you can make certain you are among the people to in fact make money but in this situation ensure you research your threat level would you be okay offering your cash to someone else which is successfully what you’re doing and trusting them ensure you understand what they’re buying completely if you’re somebody who isn’t wishing to be that risky do not select somebody who’s totally into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong products
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like gold and even oil plus more conventional 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 really easily over here you can copy individuals now it will provide you a lot of choices and you can utilize the system to in fact search for somebody that you fancy really following so let’s see perhaps we want someone from joined kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has actually met that requirements and it does offer you a threat aspect also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns
bear in mind it resembles 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 could make four or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to validate are you alright with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can really 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 great to know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine really that i buy too which is excellent so actually for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s likewise got a little bit more um of the kind of main food business and you’ve got you know pharmaceutical and production business as that. Cryptocurrency Trading Association.
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