We get this a lot on our site and the answer to If I Lost Money In Forex Trading….Questions that i hear from new investors what if you’re brand new to investing you simply don’t want to decide what you really wish to invest and you want somebody to do it for you there’s just a number of manner ins which that can take place the first off you can employ an investment portfolio supervisor they’ll usually charge a quite a high premium to do that perhaps 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 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 naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re learning more about please do study the platform do not just assume because i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that alternative too 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 danger this is investing we’re doing you’re investing in genuine companies if you choose to in this specific video we’re discussing how to copy other people’s investments with your money so certainly your capital is at danger and we have to bear that in mind do not simply do something since that person has actually stated they’ve made revenue 14 months in a row buy these options since you believe is the ideal ones for you which being stated let’s dive straight 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 aspect that is probably.
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well-known for it’s the choice to see what other traders are doing amazing we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can really state i want to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially each time they make a trade they buy they offer whatever they do your cash will be simulated with it so that means if for instance 10 of their financial investment portfolio is 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 comprehend what are the expenses of this now with any platform there will be some expense to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the zero fee websites then might not charge you for in fact buying and selling funds or etfs specific commodities 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 charges with in particular in this video the next would be things to understand prior to you really begin buying copy trading or copy portfolios and lastly some best suggestions best practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s start with charges truly crucial to comprehend these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling fine so commission costs are totally free nevertheless there are a number of other fees the first one is withdrawal fees so you can clearly put cash in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your cash so you offer your shares you offer your commodities whatever you’re offering the minimum quantity 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 certain that i’m only withdrawing when i absolutely need to now you might say all right 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 someplace and withdrawal charges are just one of those choices that they have a lot of platforms obviously are complimentary 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 totally how you’re investing however that is a charge to bear in mind the 2nd fee that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not an option to purchase in euros or uk and that’s great 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 great with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re utilizing trading two and 2 open market anybody this is standard they have i expect stuck with whatever fee they charge for that conversion rate you type of have to accept you know if you want to utilize their platform go from uk to us then that conversion charge exists what are they in fact offering you in regards to 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 instead you need to pay their fees now the fantastic aspect of however when you’ve transformed your cash you do not have to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests the initial day that you purchase or convert 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 great using that part of their site won’t certainly restrict you in any way nevertheless we have to know 2 other charges the first being what’s called spread costs alright and i’m going to reveal you what i imply on now a spread charge as i’m going to show you
on is generally the distinction that becomes part of the investment platform in between the buy cost and the price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that really means that when you want to buy or sell as you can see it’s not the cost 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 really to purchase 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 whenever you do a buyer’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you say fine well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it and that is how they make a bit of cash on those spread fees it’s typically extremely little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit money now the last feat is called an
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overnight cost now this is really essential if you’re actually utilizing cfds yourself as well an overnight charge is when you’re not doing that buy offer deal in the exact same day alright there’s then an overnight charge charged or even if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one utilize which suggests you’re in fact buying the exact property instead of using leverage anyway you won’t get hit with these costs but these costs are if you’re utilizing utilize and cfds and after that you’re going to have these charges if you’re not buy offering in the same day so let’s state if you go into the help area this isn’t the overnight fees details you can see precisely the breakdown and it’ll inform 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 uses as i stated to cfds there are some surcharges naturally depending upon what you are buying too this is on your own so keep that in mind but full costs are totally within their assistance information okay and we discussed as well as free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity 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 ways of really using these copy functions they don’t have any extra costs on top of the normal charges that
are there now what you need to bear in mind though is these possibly managed by other people completely or in some cases have actually created portfolios you’ve got a genuine person doing the management you need to make sure you choose the individual that’s right for you much like any profession this is your monetary assets so we absolutely need to make sure 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’ve got a couple of different choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money 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 require to put in your credit card details or anything you can generally have this virtual portfolio imitate as if you are using your own money however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash maybe this is a great choice for you once again to check the theories okay you may want to buy tesla or apple or this etf why not utilize the virtual choice as a method to sort of safe have fun with it certainly you might have lost out on gains and losses throughout that time obviously if you had invested your real money it allows you to build self-confidence understand 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 pick 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 indicate by that undoubtedly 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 simply suggests am i fine with potentially losing a good amount of this financial investment or acquiring as
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well now remember everything is downs and ups you will generate income you’ll lose cash that’s why they make the fact 75 individuals will lose money but that equally suggests they’ll lose eventually in their journey certainly individuals do make money as well and i have actually got videos all about how you can ensure you are among the people to really make money but in this scenario make certain you research study your risk level would you be alright giving your money to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing totally if you’re somebody who isn’t wishing to be that risky do not choose someone who’s entirely into crypto or currency conversion consider it you ‘d probably want a foundation of strong products
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like gold and even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really utilize this too truly easily over here you can copy people now it will give you a lot of choices and you can use the system to actually search for somebody that you expensive really following so let’s see maybe we want somebody from joined kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has actually satisfied that requirements and it does give you a danger aspect also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of people that have rather high returns
keep 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 way 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 confirm are you alright with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she in fact buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is excellent so actually for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the type of main food business and you have actually got you know pharmaceutical and production business as that. If I Lost Money In Forex Trading.
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