We get this a lot on our site and the answer to Which Platforms Are The Platincoin Traded On….Concerns that i speak with new financiers what if you’re brand new to investing you simply do not want to choose what you in fact want to invest and you want someone to do it for you there’s only a couple of manner ins which that can happen the first of all you can hire a financial investment portfolio manager they’ll usually charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular 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 bear in mind this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just presume because i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that alternative too so you really get utilized to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re speaking about how to copy other people’s investments with your cash so obviously your capital is at risk and we need to bear that in mind do not simply do something because that person has actually said they have actually made earnings 14 months in a row invest in these choices since you think is the ideal ones for you which being said let’s dive directly in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one element that is most likely.
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popular for it’s the option to see what other traders are doing incredible we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can in fact state i want to do exactly what that trader is doing or match that precise portfolio of options and essentially every time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that indicates 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 included really vital you understand what are the expenses of this now with any platform there will be some cost to certainly these are real 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 charge websites then may not charge you for in fact buying and selling etfs or funds private products 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 kinds of fees 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 really start investing in copy trading or copy portfolios and finally some finest suggestions best practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s kick off with fees truly essential to comprehend these now on there’s a couple of costs there isn’t costs to do with really buying and selling alright so commission charges are free however there are a number of other costs the first one is withdrawal fees so you can undoubtedly put money 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 on but when you want to withdraw your cash so you offer your shares you sell your products 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 naturally knowing that i’m going to ensure that i’m only withdrawing when i definitely need to now you might say okay that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are simply among those options that they have a great deal of platforms obviously 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 as soon as every six months you understand depends totally how you’re investing but that is a cost to remember the second charge that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s great that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading two and 2 open market anyone at all this is standard they have actually i suppose stuck to whatever charge they charge for that conversion rate you sort of have to accept you know if you wish to utilize their platform go from uk to us then that conversion fee is there what are they in fact giving 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 say offer me us dollars instead you have to pay their fees now the fantastic aspect of though when you’ve converted your cash you do not need to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you purchase or convert your dollars is the only charge that happens 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 certainly restrict you in any way however we need to be aware of two other costs the first being what’s called spread fees okay and i’m going to show you what i mean on now a spread fee as i’m going to show you
on is essentially the difference that becomes part of the investment platform in between the buy price and the sale price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that really means that when you want to sell or purchase as you can see it’s not the cost you’re seeing up here let me show you that once again so the existing price of tesla is the value of a share what’s called spread fees is the difference then in fact 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 buyer’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you say all right well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to sell it which is how they make a little bit of money on those spread charges it’s normally exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a little bit money now the last accomplishment is called an
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overnight cost now this is truly crucial if you’re really using cfds yourself too an overnight cost is when you’re refraining from doing that buy sell deal in the very same day okay there’s then an over night cost charged or even if you go from the friday to the monday before 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 take advantage of which implies you’re actually purchasing the specific asset instead of utilizing utilize anyhow you will not get hit with these fees however these charges are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy selling in the exact same day so let’s say if you go into the assistance section this isn’t the overnight costs details you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which just applies as i stated to cfds there are some added fees naturally depending upon what you are purchasing too this is on your own so keep that in mind however complete fees are entirely within their aid information alright and we discussed in addition to free to deposit in however 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 five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of actually utilizing these copy functions they do not have any additional fees on top of the typical costs that
are there now what you need to bear in mind though is these potentially handled by other people totally or in some cases have actually created portfolios you have actually 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 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 wish to utilize this function we have actually got a number of different options for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your credit card details or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is a great option for you once again to test the theories fine you may wish to purchase tesla or apple or this etf why not use the virtual option as a method to kind of safe have fun with it clearly you might have missed out on gains and losses during that time obviously if you had actually invested your real cash it permits you to develop self-confidence comprehend the platform so that’s one alternative 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 before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i imply by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just means am i okay with possibly losing a good quantity of this investment or getting as
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well now remember everything is ups and downs you will generate income you’ll lose money that’s why they make the fact 75 individuals will lose money however that similarly means they’ll lose at some time in their journey obviously people do make money as well and i have actually got videos everything about how you can make sure you are among the people to actually generate income but in this scenario ensure you research study your threat level would you be alright offering your cash to another person which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in fully if you’re someone who isn’t wishing to be that dangerous do not choose somebody who’s totally into crypto or currency conversion think about it you ‘d probably desire a backbone of strong commodities
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like gold and even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can actually use this too truly quickly over here you can copy individuals now it will give you a great deal of options and you can utilize the system to in fact search for someone that you fancy actually following so let’s see perhaps we desire somebody from unified kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can find everyone who has actually satisfied that requirements and it does offer you a danger element too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to validate are you fine with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she actually 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 little bit so that’s good to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine actually that i buy too which is great so actually for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s also got a little bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production companies as that. Which Platforms Are The Platincoin Traded On.
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