How To Open A Demo Trading Account – Turtles of Trading

On this post you’ll find the answer to How To Open A Demo Trading Account….Concerns that i hear from new investors what if you’re brand new to investing you simply do not want to choose what you in fact want to invest and you want someone to do it for you there’s only a couple of manner ins which that can take place the to start with you can work with an investment portfolio supervisor they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular funds are produced 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 too now if you’re brand new to an overall please remember this platform is rather innovative you can do cfds which naturally cfds are methods of investing

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with not really 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 immediately do some due diligence have a little play around with it even invest with virtual cash they consider that option as well so you in fact get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re talking about how to copy other people’s financial investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not just do something because that person has said they have actually made earnings 14 months in a row buy these choices due to the fact that you think is the ideal ones for you which being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.

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popular for it’s the option to see what other traders are doing amazing we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can actually say i want to do precisely what that trader is doing or match that precise portfolio of choices and basically every time they make a trade they buy they sell whatever they do your money will be simulated with it so that indicates if for example 10 of their 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 included really critical 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 buying the selling for you there’s going to be charges included and even some of the absolutely no cost websites then might not charge you for actually buying and selling etfs or funds individual products private stocks.

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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs 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 start buying copy trading or copy portfolios and finally some finest guidance best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s kick off with costs actually essential to comprehend these now on there’s a number of fees there isn’t charges to do with really buying and selling all right so commission fees are free nevertheless there are a number of other charges the very first one is withdrawal fees so you can undoubtedly put money in now if you’re in the uk we put our uk cash.

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and it’s automatically converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money so you sell your shares you sell your commodities whatever you’re offering 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 sure that i’m only withdrawing when i definitely need to now you might state alright that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are just one of those options that they have a great deal of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every 6 months you know depends entirely how you’re investing but that is a fee to keep in mind the second cost that i’ve discussed is that conversion fee now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s fine 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 fee now when you utilize anyone so if you’re using trading 2 and 2 open market anybody this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion cost exists what are they actually offering you in regards to 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 instead you need to pay their fees now the terrific feature of however when you have actually transformed your money you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that indicates the initial 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 actually good utilizing that part of their site will not definitely restrict you in any way however we have to understand 2 other fees the first being what’s called spread fees fine and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you

on is generally the distinction that is part of the investment platform in between the buy cost 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 today tesla’s dollar value 599 per share in tesla that in fact indicates that when you want to buy or sell as you can see it’s not the price you’re seeing up here let me reveal you that once again so the existing rate of tesla is the value of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you whenever you do a buyer’s share so keep that in mind clearly it’s more expensive to buy than it is to sell so they’re going to give 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 difference in 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 usually extremely 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 task is called an

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overnight cost now this is actually important if you’re really using cfds yourself as well an over night charge is when you’re refraining from doing that buy sell transaction in the exact same day alright there’s then an over night fee charged or even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which suggests you’re in fact buying the precise asset instead of using utilize anyhow you won’t get hit with these costs but these fees are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you enter into the assistance section this isn’t the overnight costs details you can see exactly 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 and that just uses as i stated to cfds there are some added fees of course depending on what you are purchasing too this is on your own so keep that in mind but full costs are completely within their help information fine and we spoke about along with totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product 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 two different ways of in fact utilizing these copy operates they do not have any extra costs on top of the typical fees that

are there now what you require to remember though is these potentially managed by other individuals totally or often have developed portfolios you have actually got a genuine individual doing the management you need to make sure you pick the individual that’s right for you just like any kind of work this is your financial properties so we absolutely require to make certain it’s the best individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of different choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual methods i believe 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 basically have this virtual portfolio simulate as if you are using your own cash but really purchase pretend buy copy people whatever you like if you’re not

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feeling comfortable with using your real money perhaps this is an excellent alternative for you again to check the theories fine you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe play with it clearly you might have missed out on gains and losses during that time of course if you had invested your real cash it enables you to construct 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 remember prior to you select 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 investments the riskier you can be run the risk of simply suggests am i alright with possibly losing a great amount of this investment or gaining as

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well now keep in mind everything is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose cash but that similarly means they’ll lose at some time in their journey certainly individuals do make money as well and i have actually got videos everything about how you can make certain you’re one of individuals to really make money however in this circumstance make certain you research your risk level would you be alright offering your cash to somebody else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re buying totally if you’re somebody who isn’t wanting to be that risky do not select someone who’s entirely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong commodities

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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 state you can really utilize this too truly quickly over here you can copy individuals now it will give you a lot of choices and you can use the system to actually look for someone that you expensive really following so let’s see perhaps we want someone from unified kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can discover everybody who has fulfilled that requirements and it does provide you a danger aspect too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have rather high returns

keep in mind it’s like anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they might 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 fine 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 actually deep dive into what is she really purchasing 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 great to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is great so actually for me understanding what i like to buy my private 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 also got a bit more um of the kind of primary food business and you’ve got you understand pharmaceutical and production business as that. How To Open A Demo Trading Account.

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