We get this a lot on our site and the answer to Forex Success Rate….Concerns that i hear from brand-new investors what if you’re brand new to investing you just do not wish to decide what you really want to invest and you want somebody to do it for you there’s only a couple of ways that that can occur the first off you can work with an investment portfolio manager they’ll usually charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is of course you can purchase mutual funds specific funds are created 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 as well now if you’re brand new to an overall please bear in mind this platform is quite innovative you can do cfds which naturally cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform do not simply presume since i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they consider that choice also so you really get used 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 naturally your capital is at risk this is investing we’re doing you’re buying real companies if you select to in this particular video we’re speaking about how to copy other individuals’s financial investments with your money so certainly your capital is at risk and we need to bear that in mind do not just do something because that individual has said they have actually made revenue 14 months in a row buy these choices due to the fact that you think is the right ones for you which being stated let’s dive directly in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is probably.
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popular for it’s the option to see what other traders are doing extraordinary we don’t typically 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 cash we can actually say i wish to do exactly what that trader is doing or match that exact portfolio of options and generally whenever they make a trade they buy they offer whatever they do your money will be simulated with it so that suggests if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs involved really important you comprehend what are the costs of this now with any platform there will be some expense to obviously these are real companies 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 zero fee websites then may not charge you for in fact buying and selling funds or etfs specific products specific stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 know prior to you actually start buying copy trading or copy portfolios and finally some best advice finest practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s kick off with fees truly crucial to understand these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling fine so commission charges are complimentary nevertheless there are a couple of other fees the first one is withdrawal charges so you can undoubtedly put money in now if you remain in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your cash so you sell your shares you offer your products 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 make sure that i’m just withdrawing when i absolutely require to now you may state alright that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are just among those choices that they have a great deal of platforms certainly 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 6 months you understand depends completely how you’re investing however that is a charge to keep in mind the 2nd fee that i’ve discussed is that conversion fee now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s fine that suits me.
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a lot of my stocks are us dollar stocks anyhow 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 charge now when you use anyone so if you’re using trading two and 2 free trade anybody this is standard they have i expect stuck to whatever cost they charge for that conversion rate you kind of have to accept you understand if you want to use their platform go from uk to us then that conversion cost exists what are they in fact offering 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 need to pay their fees now the great feature of however when you’ve transformed your money you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s truly excellent 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 first being what’s called spread charges fine and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you
on is basically the difference that belongs to the investment platform between the buy rate and the price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really indicates that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the current price of tesla is the worth of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind obviously it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you say alright well why does that occur it simply does that is the nature of a great deal 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 little bit of money on those spread out fees it’s generally exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit money now the last feat is called an
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over night charge now this is really crucial if you’re actually utilizing cfds yourself also an over night fee is when you’re refraining from doing that buy offer deal in the same day alright there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which implies you’re actually purchasing the specific possession rather than utilizing leverage anyway you won’t get hit with these fees however these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s state if you enter into the help section this isn’t the overnight charges information 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 overnight or you’re doing over weekends which just uses as i said to cfds there are some surcharges naturally depending on what you are buying too this is on your own so keep that in mind however full charges are completely within their help information fine and we spoke about in addition to totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of actually utilizing these copy operates they do not have any additional fees on top of the normal costs that
are there now what you need to remember though is these possibly handled by other people entirely or in some cases have actually created portfolios you’ve got a genuine individual doing the management you have to make sure you choose the person that’s right for you just like any profession this is your financial possessions so we definitely 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 want to utilize this function we’ve got a number of different choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing 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 genuine money perhaps this is a fantastic choice for you once again to evaluate the theories fine you might want to purchase tesla or apple or this etf why not use the virtual alternative as a way to sort of safe play with it clearly you may have missed out on gains and losses throughout that time obviously if you had actually invested your real money it permits you to construct self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to keep in mind before 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 mean by that clearly 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 implies am i okay with possibly losing a good amount of this investment or acquiring as
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well now remember whatever is ups and downs you will make money you’ll lose money that’s why they make the fact 75 individuals will lose money but that equally suggests they’ll lose eventually in their journey obviously people do earn money as well and i’ve got videos all about how you can ensure you’re one of individuals to really earn money however in this circumstance ensure you research study your risk level would you be all right giving your cash to someone else which is successfully what you’re doing and trusting them make certain you understand what they’re buying totally if you’re somebody who isn’t wanting to be that risky don’t select somebody who’s completely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong products
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like gold or perhaps oil plus more traditional etfs and index funds you may 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 really utilize this too actually easily over here you can copy people now it will provide you a lot of choices and you can use the system to really look for somebody that you fancy in fact following so let’s see maybe we want someone from united kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can find everyone who has actually satisfied that requirements and it does give you a danger 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 people that have quite high returns
bear in mind it resembles 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 could make four or minus 50 there’s no chance to ensure 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 confirm are you okay with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she really investing in so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is excellent so really for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s likewise got a bit more um of the kind of main food companies and you’ve got you understand pharmaceutical and production companies as that. Forex Success Rate.
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