We get this a lot on our site and the answer to Is There A Pdt Rule For Trading Bitcoin….Questions that i hear from brand-new investors what if you’re brand new to investing you just do not want to choose what you really wish to invest and you want somebody to do it for you there’s just a couple of manner ins which that can take place the firstly you can employ a financial investment portfolio manager they’ll usually charge a quite a high premium to do that possibly a couple of percent of your profits will go to them the other thing is obviously you can buy mutual funds specific funds are produced 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 a total 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 discovering please do study the platform do not just presume since i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative as well so you in fact get used to the structure of the site and after that when you’re ready to utilize 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 purchasing real business if you select to in this specific video we’re discussing how to copy other people’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 since that person has actually said they’ve made revenue 14 months in a row purchase these choices due to the fact that you think is the ideal ones for you which being stated let’s dive straight in [Music] so the important 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 probably.
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well-known for it’s the alternative to see what other traders are doing unbelievable we don’t typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can really state i want to do exactly what that trader is doing or match that exact portfolio of choices and generally every time they make a trade they purchase they offer whatever they do your money will be simulated 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 likewise cover is the charges involved actually important you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no charge sites then might not charge you for really buying and selling funds or etfs specific products individual stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know before you actually start purchasing copy trading or copy portfolios and finally some finest advice best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s begin with costs actually crucial to understand these now on there’s a number of fees there isn’t charges to do with actually buying and selling alright so commission charges are totally free nevertheless there are a number of other costs the very first one is withdrawal fees so you can clearly put money in now if you remain 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 later on however when you want to withdraw your money 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 sure that i’m just withdrawing when i definitely require to now you may say okay that’s quite 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 fees are just one of those options that they have a lot of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every six months you understand depends entirely how you’re investing however that is a cost to keep in mind the 2nd fee that i’ve touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk and that’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 or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading 2 and 2 free trade anybody this is standard 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 is there what are they really 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 state provide me us dollars rather you have to pay their fees now the great thing about however when you have actually transformed your cash 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 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 additional fees so that’s actually good using that part of their site will not certainly limit you in any way however we need to be aware of 2 other costs the first being what’s called spread fees alright and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you
on is basically the distinction that becomes part of the financial investment platform between the buy rate and the list price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website 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 present cost of tesla is the value of a share what’s called spread charges is the difference then in fact to buy that share on the platform and you’ll find this all over this is another manner in which they make a small amount of make money from you every time you do a buyer’s share so keep that in mind clearly it’s more pricey to buy than it is to sell so they’re going to provide you less back with your sale and you state okay well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to offer it and that is how they make a bit of cash on those spread charges it’s generally incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit money now the last accomplishment is called an
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over night fee now this is actually essential if you’re in fact using cfds yourself too an overnight fee is when you’re not doing that buy offer transaction in the exact same day fine 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 just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which implies you’re in fact buying the precise possession instead of utilizing leverage anyway you won’t get hit with these fees however these costs are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s say if you go into the assistance area this isn’t the over night 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 applies as i said to cfds there are some surcharges of course depending upon what you are investing in too this is on your own so keep that in mind but complete charges are entirely within their assistance information all right and we talked about in addition to totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of in fact utilizing these copy works they don’t have any additional fees on top of the normal costs that
are there now what you need to remember though is these potentially managed by other individuals completely or often have actually produced portfolios you’ve got a real individual doing the management you have to make certain you select the individual that’s right for you similar to any line of work this is your monetary possessions so we absolutely require 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 wish to utilize this function we have actually got a couple of various options for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual means 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 credit card details or anything you can basically have this virtual portfolio simulate as if you are using your own money but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real cash possibly this is an excellent option for you once again to test the theories alright you may want to purchase tesla or apple or this etf why not use the virtual choice as a way to type of safe have fun with it obviously you may have missed out on gains and losses during that time naturally if you had invested your genuine money it enables you to construct self-confidence understand the platform so that’s one option 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 bear in mind prior to you choose 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 certainly 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 risk just suggests am i okay with potentially losing an excellent amount of this investment or acquiring as
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well now keep in mind everything is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 people will lose cash however that similarly means they’ll lose eventually in their journey undoubtedly people do generate income too and i have actually got videos all about how you can make sure you’re one of the people to in fact make money but in this scenario make certain you research study your threat level would you be okay providing your money to somebody else which is successfully what you’re doing and trusting them make certain you comprehend what they’re investing in fully if you’re someone who isn’t wishing to be that dangerous do not pick somebody who’s totally 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 even 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 in fact use this too truly easily over here you can copy individuals now it will offer you a great deal of choices and you can utilize the system to in fact search for someone that you expensive really following so let’s see perhaps we want someone from joined kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a great quantity and i can discover everyone who has met that requirements and it does offer you a danger factor as well 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 quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not suggest someone 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 easy as clicking the copy button and off you go and then you understand ask you to verify are you all right 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 in fact buying so let’s enter into portfolio and you can see she’s rather 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 sort of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is good so really for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the type of main food business and you have actually got you understand pharmaceutical and production business as that. Is There A Pdt Rule For Trading Bitcoin.
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