We get this a lot on our site and the answer to Ranadagger Tradingview….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t wish to choose what you in fact want to invest and you desire somebody to do it for you there’s just a number of manner ins which that can happen the to start with you can hire an investment portfolio supervisor they’ll generally charge a rather a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is obviously you can purchase mutual funds specific funds are developed 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 too now if you’re brand new to a total please keep in mind this platform is rather advanced you can do cfds which obviously cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform do not simply presume due to the fact that i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that option 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 obviously your capital is at threat this is investing we’re doing you’re purchasing real business if you pick to in this particular video we’re speaking about how to copy other individuals’s investments with your money so obviously your capital is at danger and we need to bear that in mind do not simply do something since that person has actually stated they have actually made profit 14 months in a row buy these options since you think is the right ones for you which being stated 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 aspect that is most likely.
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famous for it’s the choice to see what other traders are doing extraordinary we don’t generally 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 wish to do precisely what that trader is doing or match that exact portfolio of options and basically every time they make a trade they purchase they offer whatever they do your money 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 money in so we’re going to also cover is the costs involved truly critical you comprehend what are the costs of this now with any platform there will be some cost to certainly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the no cost websites then may not charge you for actually buying and selling etfs or funds individual commodities specific stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing 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 understand before 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 investor so let’s start with charges actually important to comprehend these now on there’s a number of charges there isn’t charges to do with in fact buying and selling okay so commission costs are totally free however there are a couple of other charges the very first one is withdrawal costs so you can certainly put cash in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash so you sell your shares you sell your products whatever you’re selling the minimum amount 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 absolutely need to now you might say alright that’s rather pricey 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 great deal of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every six months you understand depends entirely how you’re investing but that is a charge to bear in mind the 2nd fee that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not an option to purchase in euros or uk which’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 two free trade anybody this is basic they have actually i suppose stuck with whatever charge they charge for that conversion rate you sort of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge is there what are they in fact providing 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 offer me us dollars instead you have to pay their charges now the fantastic thing about though when you have actually transformed your money you do not have to invest it immediately that dollar value can sit in your portfolio as money 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 additional fees so that’s really excellent utilizing that part of their site won’t definitely limit you in any way however we have to be aware of 2 other charges the first being what’s called spread costs all right and i’m going to reveal you what i suggest on now a spread cost as i’m going to reveal you
on is generally the difference that is part of the investment platform between the buy cost and the price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that actually means that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that again so the existing rate of tesla is the value of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of make money from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to sell so they’re going to offer you less back with your sale and you state alright well why does that happen it just does that is the nature of a great deal 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 out costs it’s generally extremely little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a little bit money now the last accomplishment is called an
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over night fee now this is really important if you’re in fact utilizing cfds yourself as well an overnight fee is when you’re not doing that buy sell deal in the very same day fine there’s then an overnight cost charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which suggests you’re really purchasing the precise possession instead of utilizing leverage anyway you will not get hit with these costs but these costs are if you’re using take advantage of and cfds and after that 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 aid section this isn’t the overnight charges information you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which just applies as i stated to cfds there are some service charges obviously depending upon what you are buying as well this is on your own so keep that in mind however complete costs are totally within their aid info fine and we discussed as well as free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product 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 2 various ways of really using these copy operates they don’t have any additional costs on top of the normal charges that
exist now what you need to keep in mind though is these possibly handled by other people totally or sometimes have actually produced portfolios you’ve got a genuine individual doing the management you need to ensure you choose the individual that’s right for you just like any type of work this is your monetary possessions so we definitely need to make certain 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 have actually got a number of various choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual ways i think 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 charge card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine cash maybe this is a terrific alternative for you once again to test the theories all right you might want to purchase tesla or apple or this etf why not utilize the virtual option as a way to sort of safe have fun with it obviously you may have lost out on gains and losses throughout that time of course if you had actually invested your real money it enables 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 actually how to copy individuals and copy portfolios now here’s something to keep in mind prior to you select somebody 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 suggest by that undoubtedly 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 means am i okay with possibly losing a great quantity of this financial investment or gaining as
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well now remember everything is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose cash however that similarly means they’ll lose eventually in their journey certainly individuals do earn money also and i’ve got videos everything about how you can make sure you’re one of the people to really make money however in this scenario make certain you research study your threat level would you be fine offering your cash to someone else which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in fully if you’re someone who isn’t wishing to be that dangerous don’t choose someone who’s entirely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong products
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like gold and even oil plus more traditional etfs and index funds you might 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 actually quickly over here you can copy people now it will give you a great deal of choices and you can utilize the system to actually search for someone that you fancy in fact following so let’s see perhaps we desire somebody from united kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a good amount and i can find everyone who has satisfied that criteria and it does give you a threat aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now obviously 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 mean someone will make 56 for you for the next 12 months they could make 4 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 then you understand ask you to verify are you okay with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she in fact purchasing 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 great to know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is excellent so actually for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the sort of primary food business and you’ve got you understand pharmaceutical and production business as that. Ranadagger Tradingview.
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