If I Lost Money In Forex Trading – Turtles of Trading

On this post you’ll find the answer to If I Lost Money In Forex Trading….Concerns that i speak with new investors what if you’re brand new to investing you simply do not want to decide what you actually wish to invest and you desire somebody to do it for you there’s only a couple of ways that that can happen the first of all you can employ a financial investment portfolio manager they’ll normally charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds particular funds are created 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 also now if you’re brand new to a total please bear in mind this platform is rather advanced you can do cfds which obviously cfds are methods of investing

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with not actually having the full amount of capital so with anything that you’re learning about please do study the platform don’t just assume since i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they give that alternative as well so you actually get used 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 naturally your capital is at threat this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re discussing how to copy other people’s financial investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not just do something because that individual has actually stated they’ve made earnings 14 months in a row invest in these choices because you think is the ideal ones for you which being said 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 aspect that is probably.

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famous for it’s the option to see what other traders are doing extraordinary we do not typically 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 money we can in fact state i want to do exactly what that trader is doing or match that precise portfolio of choices and basically each time they make a trade they purchase they sell whatever they do your money will be mimicked 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 money in so we’re going to likewise cover is the costs involved really vital you understand what are the costs of this now with any platform there will be some cost to undoubtedly 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 absolutely no cost sites then might not charge you for in fact buying and selling etfs or funds private products specific stocks.

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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees 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 understand prior to you really start purchasing copy trading or copy portfolios and finally some finest suggestions finest practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s begin with costs actually essential to comprehend these now on there’s a number of charges there isn’t fees to do with actually buying and selling okay so commission fees are complimentary however there are a number of other fees the very first one is withdrawal fees so you can clearly put cash in now if you remain 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 in the future but when you want to withdraw your money so you offer your shares you sell 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 naturally knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might state okay that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are just one of those options that they have a great deal of platforms undoubtedly 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 totally how you’re investing however that is a cost to bear in mind the second charge that i have actually touched upon is that conversion fee now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk which’s fine that suits 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 fee now when you utilize anybody so if you’re using trading 2 and 2 open market anybody this is basic they have i suppose stuck to whatever fee they charge for that conversion rate you type of need to accept you know if you want to use their platform go from uk to us then that conversion fee exists what are they in fact 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 give me us dollars instead you have to pay their costs now the terrific thing about though when you have actually transformed your cash you do not have to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the initial day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s really great utilizing that part of their website won’t certainly restrict you in any way nevertheless we need to be aware of two other costs the very first being what’s called spread charges fine and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you

on is generally the distinction that belongs to the investment platform in between the buy cost and the list 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 implies that when you want to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that once again so the current rate of tesla is the worth of a share what’s called spread costs is the distinction then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of benefit from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you state alright well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it which is how they make a little bit of cash on those spread out costs it’s normally extremely small 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 cash now the last feat is called an

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over night charge now this is actually crucial if you’re in fact using cfds yourself as well an overnight cost is when you’re not doing that buy offer transaction in the exact same day okay there’s then an overnight charge charged or even if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one leverage which indicates you’re actually purchasing the specific asset rather than utilizing utilize anyway you won’t get hit with these costs however these charges are if you’re utilizing take advantage of and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s state if you go into the aid area this isn’t the overnight charges information you can see exactly the breakdown and it’ll tell you what are the charges what are the charges 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 buying also this is on your own so keep that in mind but complete fees are completely within their aid info alright 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 whatever 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 ways of in fact utilizing these copy works they do not have any extra fees on top of the regular fees that

exist now what you require to keep in mind though is these possibly handled by other individuals completely or often have actually developed portfolios you have actually got a real individual doing the management you need to make sure you pick the person that’s right for you much like any profession this is your monetary assets so we definitely need to make sure 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 use this function we’ve got a number of different alternatives 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 real money 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 won’t require to put in your credit card details or anything you can basically have this virtual portfolio mimic as if you are utilizing your own money however in fact purchase 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 an excellent option for you once again to test the theories all right you may wish to purchase tesla or apple or this etf why not use the virtual option as a way to kind of safe play with it undoubtedly you might have lost out on gains and losses throughout that time of course if you had invested your genuine money it enables you to construct self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back 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 before you select someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i indicate by that undoubtedly 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 just indicates am i alright with possibly losing a good quantity of this investment or gaining as

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well now keep in mind everything is ups and downs you will earn money you’ll lose money that’s why they make the fact 75 people will lose money but that equally implies they’ll lose at some point in their journey undoubtedly individuals do earn money too and i have actually got videos everything about how you can make certain you’re one of individuals to in fact earn money but in this situation make certain you research your danger level would you be alright offering your cash to somebody else which is effectively what you’re doing and trusting them make certain you comprehend what they’re purchasing completely if you’re someone who isn’t wishing to be that risky don’t choose somebody who’s completely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong commodities

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like gold or even oil plus more standard 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 actually use this too actually easily over here you can copy people now it will provide you a great deal of choices and you can use the system to actually look for someone that you elegant in fact following so let’s see maybe we desire somebody from joined kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has met that requirements and it does offer you a risk aspect also so it tends to be the higher 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 indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to guarantee so do keep that in mind and as easy 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 method to in fact deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she actually purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is good so in fact for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s also got a bit more um of the sort of primary food companies and you’ve got you understand pharmaceutical and production business as that. If I Lost Money In Forex Trading.

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