We get this a lot on our site and the answer to Tom Demark 2021….Concerns that i speak with new financiers what if you’re brand new to investing you merely don’t wish to decide what you in fact wish to invest and you want somebody to do it for you there’s just a couple of ways that that can take place the first of all you can employ a financial investment portfolio manager they’ll normally 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 obviously you can purchase mutual funds particular funds are produced 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 remember this platform is quite sophisticated you can do cfds which obviously cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform do not simply assume due to the fact that i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that choice too so you in fact get utilized to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in genuine companies if you pick to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so obviously your capital is at risk and we have to bear that in mind do not just do something because that person has actually said they’ve made earnings 14 months in a row invest in these choices because you believe is the ideal ones for you and that 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 most likely.
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well-known for it’s the option to see what other traders are doing incredible we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can actually say i want to do exactly what that trader is doing or match that specific portfolio of options and basically every time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that means if for example 10 of their 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 costs involved really vital you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no cost sites then might not charge you for in fact buying and selling funds or etfs private products specific stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees 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 really start purchasing copy trading or copy portfolios and finally some finest guidance best practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s start with charges really essential to understand these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling all right so commission costs are complimentary however there are a number of other charges the very first one is withdrawal fees so you can undoubtedly put cash in now if you remain 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 on but when you want to withdraw your cash so you offer your shares you offer your products whatever you’re offering the minimum amount 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 sure that i’m just withdrawing when i definitely require to now you may state all right that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are simply among those options that they have a great deal of platforms obviously are 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 6 months you understand depends totally how you’re investing however that is a charge to keep in mind the second fee that i’ve touched upon is that conversion fee now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk which’s great that fits me.
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a great deal of my stocks are us dollar stocks anyhow 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 cost now when you utilize anybody so if you’re using trading 2 and two open market anyone at all this is standard they have i suppose stuck to whatever fee they charge for that conversion rate you type of need to accept you understand if you want to utilize their platform go from uk to us then that conversion fee exists what are they actually providing 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 say provide me us dollars rather you have to pay their fees now the great aspect of however when you’ve transformed your cash you do not have to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s really excellent utilizing that part of their site will not certainly restrict you in any way however we need to understand 2 other costs the first being what’s called spread fees fine and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is essentially the distinction that belongs to the investment platform between the buy price and the sale price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really implies that when you wish to sell or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the existing rate of tesla is the value of a share what’s called spread costs is the difference then really 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 profit from you each time you do a buyer’s share so keep that in mind obviously it’s more costly to purchase than it is to sell so they’re going to provide you less back with your sale and you state fine well why does that occur 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 offer it which is how they make a little bit of money on those spread fees it’s usually incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a bit money now the last accomplishment is called an
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over night fee now this is really essential if you’re really using cfds yourself as well an overnight cost is when you’re refraining from doing that buy sell transaction in the very same day fine there’s then an over night charge charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which suggests you’re really buying the specific property instead of utilizing leverage anyway you will not get hit with these fees however these charges are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the same day so let’s say if you enter into the aid area this isn’t the overnight charges info 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 over night or you’re doing over weekends and that only applies as i stated to cfds there are some added fees obviously depending on what you are purchasing too this is on your own so keep that in mind however complete charges are totally within their aid info all right and we discussed as well as complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 different ways of really utilizing these copy works they don’t have any extra costs on top of the normal fees that
are there now what you need to remember though is these potentially managed by other individuals totally or in some cases have developed portfolios you have actually got a real person doing the management you have to make sure you select the individual that’s right for you much like any type of work this is your financial possessions so we definitely need to make certain it’s the right individual for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of various alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money 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 require to put in your charge card information or anything you can basically have this virtual portfolio simulate as if you are using your own cash however really purchase 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 terrific option for you once again to test the theories all right you may wish to buy tesla or apple or this etf why not use the virtual alternative as a way to type of safe play with it obviously you may have lost out on gains and losses throughout that time naturally if you had invested your real cash it allows you to construct 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 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 imply 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 simply suggests am i fine with possibly losing a great amount of this financial investment or gaining as
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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose money however that equally suggests they’ll lose at some time in their journey obviously people do earn money too and i’ve got videos everything about how you can make certain you are among individuals to actually make money but in this circumstance make certain you research study your danger level would you be alright providing your money to another person which is efficiently what you’re doing and trusting them make sure 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 entirely into crypto or currency conversion think about it you ‘d probably want a foundation of strong commodities
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like gold or perhaps oil plus more traditional 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 really quickly over here you can copy individuals now it will provide you a great deal of choices and you can utilize the system to actually look for someone that you fancy in fact following so let’s see perhaps we desire someone from joined kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has actually fulfilled that criteria and it does give you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not mean 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 simple 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 way to really deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she in fact 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 good to know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got a few of mine actually that i buy too which is excellent so actually for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears 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. Tom Demark 2021.
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