We get this a lot on our site and the answer to George Soros Is Preparing To Trade Cryptocurrencies….Concerns that i hear from brand-new financiers what if you’re brand new to investing you simply do not want to decide what you actually wish to invest and you want someone to do it for you there’s just a couple of ways that that can take place the to start with you can hire a financial investment portfolio manager they’ll usually charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are developed 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 also now if you’re brand new to a total please remember this platform is quite sophisticated you can do cfds which obviously cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t just assume due to the fact that i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that choice too so you in fact get used 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 danger this is investing we’re doing you’re buying genuine business if you select to in this specific video we’re discussing how to copy other individuals’s financial investments with your cash so clearly your capital is at danger and we have to bear that in mind do not simply do something since that individual has actually stated they’ve made profit 14 months in a row purchase these choices because you believe is the best ones for you which being said let’s dive directly in [Music] 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 most likely.
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well-known for it’s the option to see what other traders are doing unbelievable 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 implies with our money we can in fact say i wish to do precisely what that trader is doing or match that exact portfolio of options and generally every time they make a trade they purchase they sell whatever they do your money will be imitated with it so that suggests 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 vital you comprehend what are the costs of this now with any platform there will be some expense to certainly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the absolutely no charge 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 charges on other parts possibly 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 show you the costs with in particular in this video the next would be things to know prior to you actually start purchasing copy trading or copy portfolios and lastly some finest guidance finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s begin with fees truly important to understand these now on there’s a couple of charges there isn’t costs to do with in fact buying and selling fine so commission costs are free however there are a number of other costs the very first one is withdrawal fees so you can certainly 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 later on however when you wish to withdraw your cash so you offer your shares you offer your commodities whatever you’re selling the minimum quantity 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 certain that i’m just withdrawing when i definitely require to now you may state fine that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are just one of those options that they have a great deal of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every six months you know depends entirely how you’re investing but that is a fee to remember the second cost that i’ve touched upon is that conversion cost now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk and that’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 buying or even some crypto so i’m great 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 2 open market anyone at all this is standard they have i expect stuck to whatever cost 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 really 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 state provide me us dollars rather you need to pay their costs now the fantastic thing about however when you’ve converted your money you do not have to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies the initial 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 really excellent using that part of their site will not certainly restrict you in any way however we have to understand 2 other costs the first being what’s called spread costs fine and i’m going to reveal you what i indicate on now a spread cost as i’m going to show you
on is basically the difference that becomes part of the investment platform between the buy price and the sale 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 worth 599 per share in tesla that in fact means that when you want to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current cost of tesla is the worth of a share what’s called spread charges is the distinction then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind obviously it’s more expensive to purchase than it is to offer so they’re going to give you less back with your sale and you say alright well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to sell it which is how they make a little bit of cash on those spread out charges it’s normally 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 bit cash now the last feat is called an
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over night cost now this is really essential if you’re in fact using cfds yourself too an overnight charge is when you’re not doing that buy offer transaction in the very same day okay there’s then an overnight fee charged and even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which means you’re actually purchasing the precise asset rather than using take advantage of anyhow you won’t get hit with these charges but these charges are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s say if you enter into the aid area this isn’t the overnight fees 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 over night or you’re doing over weekends and that only applies as i said to cfds there are some surcharges of course depending on what you are buying too this is on your own so keep that in mind but complete fees are entirely within their aid details fine and we talked about along with complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of really utilizing these copy works they don’t have any extra fees on top of the regular charges that
are there now what you require to remember though is these possibly handled by other individuals entirely or in some cases have created portfolios you’ve got a genuine individual doing the management you have to make certain you pick the individual that’s right for you similar to any profession this is your financial properties so we absolutely need to ensure it’s the right person for us prior to we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of various 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 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 money that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are using your own money but in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine cash maybe this is a great alternative for you once again to check the theories okay you may want to buy tesla or apple or this etf why not use the virtual option as a method to kind of safe play with it undoubtedly you might have missed out on gains and losses throughout that time of course if you had actually invested your real cash it allows you to construct confidence understand the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i imply 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 simply implies am i okay with potentially losing a good amount of this investment or acquiring as
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well now remember everything is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 people will lose cash however that similarly means they’ll lose at some time in their journey certainly individuals do earn money too and i’ve got videos everything about how you can ensure you’re one of individuals to in fact earn money however in this circumstance ensure you research study your threat level would you be fine giving your money to another person which is effectively what you’re doing and trusting them ensure you comprehend what they’re purchasing completely if you’re someone who isn’t wanting to be that dangerous do not select someone who’s entirely into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong products
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like gold and even oil plus more conventional 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 actually utilize this too truly easily over here you can copy individuals now it will offer you a great deal of choices and you can use the system to really search for somebody that you expensive actually following so let’s see maybe we desire somebody from united kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good amount and i can find everybody who has actually fulfilled that criteria and it does give you a threat factor also 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 quite high returns
remember it’s like 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 might make four or minus 50 there’s no way to guarantee 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 validate are you alright with this and off you go now another method to really 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 quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is great so really for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s also got a bit more um of the sort of primary food business and you have actually got you know pharmaceutical and production companies as that. George Soros Is Preparing To Trade Cryptocurrencies.
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