We get this a lot on our site and the answer to Nial Fuller S Price Action Forex Trading Course….Questions that i speak with brand-new investors what if you’re brand new to investing you just do not wish to decide what you actually wish to invest and you desire someone to do it for you there’s just a couple of manner ins which that can take place the to start with you can hire a financial investment portfolio supervisor they’ll generally charge a quite 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 produced 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 too now if you’re brand new to an overall please keep in mind this platform is quite sophisticated 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 just assume since i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they consider that choice too so you actually get used to the structure of the site and after that 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 investing in real business if you choose to in this specific video we’re talking about how to copy other individuals’s investments with your cash so obviously your capital is at danger and we have to bear that in mind do not just do something because that person has said they have actually made revenue 14 months in a row invest in these options due to the fact that you think is the right ones for you which being said let’s dive directly in [Music] The things we’re going to cover in this video is comprehending 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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popular for it’s the choice to see what other traders are doing extraordinary we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can really state i want to do exactly what that trader is doing or match that exact portfolio of choices and basically every time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that implies if for instance 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 charges involved actually critical you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are real 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 may not charge you for really buying and selling funds or etfs specific commodities specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort 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 before you in fact begin buying copy trading or copy portfolios and lastly some best guidance finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s start with fees really crucial to understand these now on there’s a couple of charges there isn’t costs to do with really buying and selling okay so commission costs are free nevertheless there are a number of other charges the first one is withdrawal costs so you can undoubtedly put money in now if you’re 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 sell your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m only withdrawing when i absolutely require to now you might state alright that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are just one of those choices that they have a great deal of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you know depends totally how you’re investing however that is a charge to bear in mind the 2nd fee that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not a choice to buy in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing 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 utilizing trading two and two open market anyone at all this is basic they have actually i expect stuck to whatever fee they charge for that conversion rate you kind of have to accept you know if you wish to use their platform go from uk to us then that conversion charge is there what are they in fact giving you in regards to 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 give me us dollars instead you need to pay their charges now the great feature of though when you have actually converted your money you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that indicates 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 charges so that’s actually good using that part of their website will not certainly limit you in any way nevertheless we have to know two other fees the very first being what’s called spread fees okay and i’m going to show you what i imply on now a spread cost as i’m going to show you
on is essentially the distinction that is part of the investment platform in between the buy cost 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 website right now tesla’s dollar worth 599 per share in tesla that actually suggests that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me show you that once again so the existing rate of tesla is the worth of a share what’s called spread fees is the distinction then really to buy that share on the platform and you’ll discover this all over 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 clearly 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 state fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a little bit of money on those spread out costs it’s normally extremely small 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 cash now the last task is called an
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overnight fee now this is actually crucial if you’re really using cfds yourself too an overnight charge is when you’re not doing that buy offer deal in the very same day fine there’s then an over night fee charged and 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 really buying out the etf the stock the commodity and utilizing time one leverage which means you’re actually buying the precise property rather than using take advantage of anyway you will not get hit with these costs 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 go into the help section this isn’t the over night costs info you can see exactly the breakdown and it’ll tell you what are the charges what are the fees 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 investing in too this is on your own so keep that in mind however full fees are totally within their aid details alright and we talked about in addition to free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of actually utilizing these copy works they don’t have any extra charges on top of the normal costs that
exist now what you need to keep in mind though is these potentially handled by other people entirely or in some cases have actually developed portfolios you have actually got a genuine person doing the management you have to make certain you choose the individual that’s right for you just like any type of work this is your financial possessions so we absolutely need to make sure it’s the ideal person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of different alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative 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 won’t need to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money perhaps this is a great option for you once again to check the theories alright you may want to purchase tesla or apple or this etf why not utilize the virtual choice as a method to sort of safe have fun with it undoubtedly you might have missed out on gains and losses during that time naturally if you had actually invested your genuine cash it permits you to develop self-confidence comprehend 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 in fact how to copy individuals and copy portfolios now here’s something to remember prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk 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 run the risk of simply indicates am i fine with potentially losing a great quantity of this investment or acquiring as
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well now keep in mind whatever is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 people will lose cash but that equally indicates they’ll lose eventually in their journey certainly individuals do generate income also and i have actually got videos everything about how you can ensure you’re one of individuals to really generate income however in this situation ensure you research study your risk level would you be fine giving your money to somebody else which is effectively what you’re doing and trusting them make certain you understand what they’re purchasing completely if you’re somebody who isn’t wanting to be that risky do not select someone who’s totally into crypto or currency conversion consider it you ‘d probably desire a backbone 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 state you can really utilize this too actually quickly over here you can copy individuals now it will give you a great deal of options and you can use the system to in fact look for someone that you fancy actually following so let’s see possibly we desire 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 quantity and i can discover everyone who has actually fulfilled that requirements and it does provide you a danger aspect too so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals 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 might make 4 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 know ask you to confirm are you okay with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually purchasing 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 know ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is excellent so actually for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Nial Fuller S Price Action Forex Trading Course.
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