We get this a lot on our site and the answer to Can I Move My Xrp From Binance To Etoro….Questions that i hear from new investors what if you’re brand new to investing you just don’t wish to choose what you actually wish to invest and you desire someone to do it for you there’s only a couple of ways that that can take place the to start with you can work with an investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular 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 also now if you’re brand new to an overall please remember this platform is rather advanced you can do cfds which obviously cfds are ways 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 don’t just presume since i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they give that option also so you really get utilized to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re buying genuine business if you pick to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so clearly your capital is at risk and we need to bear that in mind do not just do something because that person has actually said they’ve made revenue 14 months in a row purchase these options because you think is the ideal ones for you and that 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 aspect that is probably.
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famous for it’s the choice to see what other traders are doing unbelievable we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can really say i wish to do exactly what that trader is doing or match that exact portfolio of choices and basically every time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that means if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs included really critical you comprehend what are the expenses of this now with any platform there will be some cost to clearly 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 absolutely no charge sites then might not charge you for actually buying and selling funds or etfs private commodities individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand prior to you actually start 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 advanced financier so let’s begin with costs really important to comprehend these now on there’s a couple of fees there isn’t fees to do with really buying and selling alright so commission fees are free however there are a couple of other charges the 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 however when you wish to withdraw your money so you offer your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m just withdrawing when i absolutely require to now you might say 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 fees someplace and withdrawal costs are just one of those alternatives that they have a great deal of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every six months you understand depends entirely how you’re investing however that is a cost to remember the second fee 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 which’s great that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading 2 and 2 free trade anyone at all this is standard they have actually i expect stuck to whatever charge they charge for that conversion rate you sort of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge is there what are they really 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 say give me us dollars rather you have to pay their costs now the terrific aspect of though when you’ve transformed your cash you do not need to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that implies the preliminary day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s actually great using that part of their site won’t certainly limit you in any way however we need to understand two other fees the very first being what’s called spread fees all right and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you
on is essentially the difference that becomes part of the financial investment platform in between the buy price and the sale price okay 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 really indicates that when you want to purchase 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 present cost of tesla is the value of a share what’s called spread fees is the difference then in fact to buy that share on the platform and you’ll discover this all over this is another way that they make a percentage of benefit from you every time you do a purchaser’s share so keep that in mind clearly it’s more pricey 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 occur it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to sell it and that is how they make a bit of money on those spread out charges it’s typically exceptionally small 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 accomplishment is called an
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over night cost now this is really important if you’re in fact utilizing cfds yourself too an overnight cost is when you’re not doing that buy offer deal in the very same day all right 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 product and utilizing time one leverage which implies you’re actually buying the specific asset instead of utilizing leverage anyway you won’t get hit with these fees however these costs are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the same day so let’s say if you go into the aid section this isn’t the overnight costs details you can see precisely the breakdown and it’ll inform 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 only uses as i said to cfds there are some surcharges obviously depending on what you are buying as well this is on your own so keep that in mind but full fees are totally within their assistance info alright and we spoke about along with totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of actually utilizing these copy works they do not have any additional charges on top of the regular charges that
are there now what you require to remember though is these potentially managed by other people entirely or sometimes have developed portfolios you have actually got a real person doing the management you have to make sure you select the individual that’s right for you just like any profession this is your monetary possessions so we definitely require to ensure it’s the ideal person for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple of various choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual means i think 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 charge card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money maybe this is a great choice for you once again to check the theories fine you might want to buy tesla or apple or this etf why not use the virtual choice as a method to sort of safe have fun with it undoubtedly you might have missed out on gains and losses during that time naturally if you had actually invested your genuine cash it permits you to build self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to bear in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i suggest by that obviously 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 just indicates am i all right with possibly losing a good quantity of this investment or gaining as
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well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 people will lose cash but that equally suggests they’ll lose at some point in their journey undoubtedly people do make money as well and i’ve got videos everything about how you can make sure you’re one of individuals to really earn money however in this scenario make sure you research your risk level would you be alright giving your money to somebody else which is successfully what you’re doing and trusting them ensure you comprehend what they’re investing in fully if you’re someone who isn’t wanting to be that dangerous do not select somebody who’s entirely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can really use this too really easily over here you can copy people now it will give you a great deal of choices and you can use the system to really look for someone that you fancy actually following so let’s see perhaps we want somebody from joined kingdom um who buys let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can discover everyone who has actually met that requirements and it does provide you a risk aspect as well so it tends to be the higher 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’s like anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they might make 4 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 then you know ask you to verify are you okay with this and off you go now another method to really 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 absolutely like kind of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is good so in fact for me knowing what i like to buy 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 type of primary food business and you have actually got you understand pharmaceutical and production companies as that. Can I Move My Xrp From Binance To Etoro.
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