We get this a lot on our site and the answer to Coinbase Btv….Questions that i speak with new investors what if you’re brand new to investing you just don’t want to choose what you in fact wish to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can happen the firstly you can hire a financial investment portfolio supervisor they’ll usually 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 of course you can buy mutual funds specific 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 keep in mind this platform is rather sophisticated 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 learning about please do study the platform don’t just assume since i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they give that choice as well so you actually get used to the structure of the website and then when you’re ready to use your own cash 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 genuine companies if you select to in this specific video we’re talking about how to copy other people’s 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 said they’ve made earnings 14 months in a row purchase these choices due to the fact that you think is the best ones for you and that being stated let’s dive directly in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one element that is most likely.
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famous for it’s the option to see what other traders are doing amazing we don’t usually 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 cash we can really say i want to do exactly what that trader is doing or match that precise portfolio of choices and essentially whenever they make a trade they purchase they sell whatever they do your cash will be simulated with it so that indicates if for instance 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 also cover is the fees involved really important you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no cost sites then might not charge you for actually buying and selling etfs or funds private commodities specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs 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 actually begin investing in copy trading or copy portfolios and finally some finest advice finest practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s kick off with costs really crucial to comprehend these now on there’s a couple of costs there isn’t fees to do with really buying and selling all right so commission fees are totally free nevertheless there are a couple of other fees the very first one is withdrawal fees so you can obviously put money in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash 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 of course understanding that i’m going to ensure that i’m just withdrawing when i absolutely need to now you may state okay that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are just one of those choices that they have a lot of platforms obviously are 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 as soon as every 6 months you know depends completely how you’re investing but that is a charge to keep in mind the 2nd charge that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not a choice 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 anyway or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading 2 and 2 open market anyone at all this is basic they have actually i expect stuck with whatever fee they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion cost exists what are they actually 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 provide me us dollars rather you have to pay their costs now the terrific feature of however when you have actually transformed your money you do not have to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that means the preliminary day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s truly excellent utilizing that part of their site won’t definitely limit you in any way nevertheless we need to be aware of 2 other costs the first being what’s called spread charges alright and i’m going to reveal you what i indicate on now a spread fee as i’m going to reveal you
on is generally the difference that becomes part of the financial investment platform in between the buy cost and the list price all right 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 value 599 per share in tesla that actually indicates that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me reveal you that again so the current price of tesla is the worth of a share what’s called spread fees is the difference then in fact to purchase that share on the platform and you’ll find this all over this is another manner in which they make a percentage of benefit from you every time you do a purchaser’s share so keep that in mind certainly it’s more expensive to buy than it is to offer so they’re going to offer you less back with your sale and you state all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to offer it and that is how they make a bit of money on those spread costs it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment company 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 actually important if you’re in fact utilizing cfds yourself too an over night fee is when you’re not doing that buy offer deal in the exact same day alright there’s then an overnight charge charged and even if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one leverage which suggests you’re really purchasing the specific possession instead of utilizing take advantage of anyway you won’t get hit with these charges but 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 selling in the very same day so let’s say if you go into the assistance section this isn’t the over night costs info you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends and that just applies as i said to cfds there are some service charges naturally depending on what you are investing in also this is on your own so keep that in mind however full costs are completely within their aid info okay and we talked about as well as complimentary to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different ways of actually utilizing these copy works they don’t have any additional costs on top of the regular charges that
exist now what you require to remember though is these possibly managed by other people totally or often have created portfolios you’ve got a genuine individual doing the management you need to make certain you choose the individual that’s right for you much like any line of work this is your financial possessions so we absolutely need to make certain it’s the best individual for us before we copy them so the first things i would call it if you do want to use this function we have actually got a number of various choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can essentially have this virtual portfolio simulate as if you are using your own money but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money perhaps this is an excellent alternative for you again to evaluate the theories fine you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe have fun with it undoubtedly you might have missed out on gains and losses during that time obviously if you had actually invested your real money it permits you to construct confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend 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 financial investments the riskier you can be run the risk of simply suggests am i alright with possibly losing an excellent quantity of this investment or getting as
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well now remember whatever is ups and downs you will generate income you’ll lose money that’s why they make the figure 75 people will lose cash but that similarly suggests they’ll lose eventually in their journey certainly people do generate income too and i have actually got videos all about how you can ensure you are among individuals to actually generate income however in this scenario make sure you research study your threat level would you be fine giving your cash to somebody else which is efficiently what you’re doing and trusting them ensure you understand what they’re buying completely if you’re someone who isn’t wanting to be that dangerous don’t choose someone who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products
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like gold or perhaps oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually use this too truly quickly over here you can copy people now it will provide you a lot of choices and you can utilize the system to in fact look for somebody that you expensive in fact following so let’s see perhaps we desire somebody from unified kingdom um who purchases let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can discover everyone who has actually met that requirements and it does offer you a risk factor too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to verify are you alright with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she in fact buying 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 definitely like type of into those blue box and the tech market she’s got a few of mine really that i buy too which is great so actually for me knowing 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 prefers she’s also got a bit more um of the type of main food companies and you’ve got you know pharmaceutical and production business as that. Coinbase Btv.
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