We get this a lot on our site and the answer to Do You Have To Be 18 To Trade Bitcoin….Concerns that i hear from new investors what if you’re brand new to investing you merely do not want to choose what you in fact want to invest and you desire someone to do it for you there’s just a couple of ways that that can take place the firstly you can work with an 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 obviously you can buy mutual funds specific funds are developed 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 keep in mind this platform is quite innovative you can do cfds which naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t just assume since i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they give that option also so you really get utilized to the structure of the site and then when you’re ready to use 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 buying genuine business if you choose to in this particular video we’re speaking about how to copy other people’s investments with your money so clearly your capital is at danger and we have to bear that in mind do not just do something since that person has actually stated they have actually made earnings 14 months in a row invest in these options due to the fact that you think is the ideal ones for you and that being said let’s dive straight in [Music] so the things we’re going to cover in this video is understanding 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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well-known for it’s the option to see what other traders are doing incredible we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can in fact state i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and basically whenever they make a trade they buy they sell whatever they do your cash will be imitated 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 charges involved really important you understand what are the expenses of this now with any platform there will be some cost to obviously these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the no fee sites then may not charge you for really buying and selling funds or etfs private 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 fees associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know prior to you really begin investing in copy trading or copy portfolios and finally some finest suggestions finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s kick off with costs really essential to comprehend these now on there’s a number of charges there isn’t charges to do with actually buying and selling okay so commission fees are complimentary however there are a couple of other costs the very first one is withdrawal charges so you can certainly put money in now if you’re 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 in the future however when you wish to withdraw your cash so you sell your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five 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 say okay that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are just one of those choices that they have a lot of platforms clearly are free 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 once every 6 months you understand depends completely how you’re investing but that is a cost to bear in mind the 2nd cost that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not an option to buy in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading 2 and two open market anybody this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you kind of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee exists what are they actually providing 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 provide me us dollars rather you need to pay their fees now the terrific aspect of though when you’ve transformed your cash you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s really good utilizing that part of their site won’t definitely limit you in any way nevertheless we have to know 2 other charges the first being what’s called spread charges alright and i’m going to show you what i indicate on now a spread fee as i’m going to show you
on is basically the distinction that belongs to the investment platform between the buy price and the list 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 value 599 per share in tesla that in fact suggests that when you wish to sell or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current rate of tesla is the value of a share what’s called spread charges is the distinction then actually to buy 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 each time you do a purchaser’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 state fine well why does that occur 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 and that is how they make a little bit of cash 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 again make a little bit money now the last task is called an
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over night charge now this is truly essential if you’re actually utilizing cfds yourself also an over night cost is when you’re not doing that buy offer transaction in the exact same day okay there’s then an over night fee charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one utilize which indicates you’re in fact buying the exact asset rather than using utilize anyway you won’t get hit with these fees however these costs 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 area this isn’t the over night fees information 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 overnight or you’re doing over weekends and that just applies as i said to cfds there are some service charges of course depending upon what you are purchasing too this is on your own so keep that in mind but full fees are completely within their aid information alright and we spoke about along with free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity 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 different ways of in fact using these copy functions they don’t have any additional costs on top of the regular fees that
are there now what you require to remember though is these potentially managed by other individuals totally or in some cases have produced portfolios you’ve got a genuine individual doing the management you have to make sure you pick the individual that’s right for you similar to any kind of work this is your financial assets so we absolutely require to make certain it’s the ideal person for us prior to 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 different alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash 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 need 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 however actually buy pretend buy copy people 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 again to evaluate the theories alright you may want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe have fun with it obviously you may have missed out on gains and losses throughout that time naturally if you had invested your genuine cash it permits you to construct self-confidence understand the platform so that’s one choice 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 prior to you select someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend 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 financial investments the riskier you can be run the risk of just suggests am i all right with possibly losing an excellent amount of this investment or acquiring as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose cash that’s why they make the statistic 75 individuals will lose cash however that equally implies they’ll lose at some point in their journey clearly individuals do generate income as well and i’ve got videos everything about how you can make certain you’re one of the people to really generate income however in this scenario ensure you research your danger level would you be fine giving your money to another person which is effectively what you’re doing and trusting them make sure you comprehend what they’re purchasing fully if you’re somebody who isn’t wanting to be that risky do not select someone who’s entirely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong products
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like gold or even oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually utilize this too truly quickly over here you can copy individuals now it will provide you a great deal of choices and you can use the system to really search for somebody that you elegant really following so let’s see possibly we desire someone from unified kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good quantity and i can find everybody who has actually fulfilled that criteria and it does offer you a risk aspect too so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of people that have rather high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they could 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 after that you understand ask you to verify are you all right with this and off you go now another method 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 actually purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s certainly 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 excellent so actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s also got a little bit more um of the type of main food business and you’ve got you know pharmaceutical and production companies as that. Do You Have To Be 18 To Trade Bitcoin.
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