So to start the answer to Bitcoinity….Questions that i speak with brand-new investors what if you’re brand new to investing you simply don’t wish to choose what you really want to invest and you desire somebody to do it for you there’s only a couple of ways that that can take place the first of all you can work with a financial investment portfolio supervisor they’ll normally charge a quite a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is naturally you can buy mutual funds specific funds are created 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 remember this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning more about please do study the platform do not just assume because i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they give that option too so you actually get used to the structure of the website and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re investing in real business if you choose to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so certainly your capital is at risk and we have to bear that in mind do not simply do something because that individual has actually said they have actually made earnings 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] so the things we’re going to cover in this video is understanding 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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famous for it’s the alternative to see what other traders are doing amazing we do not usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can really state i want to do precisely what that trader is doing or match that specific portfolio of choices and basically every time they make a trade they buy they sell whatever they do your money will be mimicked with it so that means 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 also cover is the fees involved really crucial you understand what are the costs of this now with any platform there will be some cost to certainly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no charge websites then might not charge you for in fact buying and selling funds or etfs private commodities specific stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know before you really start buying copy trading or copy portfolios and finally some best advice finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s begin with costs really essential to comprehend these now on there’s a number of fees there isn’t charges to do with in fact buying and selling fine so commission charges are complimentary nevertheless there are a number of other fees 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 wish to withdraw your cash so you sell your shares you offer 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 of course understanding that i’m going to make sure that i’m just withdrawing when i definitely require to now you may state okay that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are simply one of 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 mostly it can be maybe even once a year when every six months you understand depends completely how you’re investing but that is a fee to keep in mind the second cost that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’s fine that matches me.
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a great deal 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 charge now when you utilize anyone so if you’re using trading two and two free trade anyone at all this is basic they have i expect stuck with whatever fee they charge for that conversion rate you type of need to accept you know if you wish to utilize their platform go from uk to us then that conversion cost is there what are they actually 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 say give me us dollars rather you need to pay their fees now the great thing about though when you’ve transformed your cash you do not need to invest it right now that dollar value can being in your portfolio as cash 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 occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s truly good utilizing that part of their site won’t definitely limit you in any way however we have to understand 2 other fees the first being what’s called spread costs alright and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is generally the distinction that belongs to the investment platform in between the buy rate and the 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 value 599 per share in tesla that really indicates that when you wish to purchase or sell as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing price of tesla is the value of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll find this everywhere this is another way that they make a small amount of make money from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to offer so they’re going to offer you less back with your sale and you say okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to offer it which is how they make a bit of money on those spread out costs it’s typically extremely small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit money now the last feat is called an
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overnight charge now this is truly crucial if you’re really utilizing cfds yourself too an overnight charge is when you’re refraining from doing that buy sell deal in the same day alright there’s then an overnight fee charged or perhaps if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which means you’re in fact purchasing the precise property rather than using leverage anyway you won’t get hit with these fees but these charges 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 offering in the exact same day so let’s say if you enter into the help section this isn’t the overnight charges details you can see exactly 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 and that just uses as i said to cfds there are some service charges naturally depending upon what you are buying also this is on your own so keep that in mind but full costs are completely within their assistance details alright and we talked about along with complimentary to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of in fact using these copy works they do not have any additional fees on top of the normal costs that
exist now what you need to bear in mind though is these possibly handled by other individuals completely or sometimes have actually developed portfolios you’ve got a genuine person doing the management you need to ensure you pick the individual that’s right for you similar to any profession this is your monetary possessions so we definitely require to make sure it’s the ideal individual 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 couple of various alternatives for us first off if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your credit card details or anything you can generally have this virtual portfolio simulate as if you are utilizing your own cash however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash maybe this is a fantastic choice for you once again to test the theories okay you may want to buy tesla or apple or this etf why not use the virtual alternative as a method to type of safe have fun with it clearly you may have missed out on gains and losses throughout that time of course if you had invested your genuine cash it permits you to build self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to keep in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i imply by that clearly 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 just indicates am i all right with potentially losing a great quantity of this investment or acquiring as
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well now keep in mind everything is ups and downs you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose money however that similarly implies they’ll lose eventually in their journey clearly people do make money as well and i’ve got videos everything about how you can make sure you are among the people to in fact generate income however in this scenario make sure you research study your danger level would you be fine offering your money to somebody else which is successfully what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re somebody who isn’t wanting to be that risky do not choose somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong commodities
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like gold or 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 say you can really utilize this too really quickly over here you can copy individuals now it will provide you a lot of choices and you can utilize the system to actually search for somebody that you fancy in fact following so let’s see maybe we desire someone from joined kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can find everyone who has met that requirements and it does offer you a danger element as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have quite high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no 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 fine with this and off you go now another method to really deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she really buying 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 excellent to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got a few of mine really that i buy too which is good so in fact for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s also got a little bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production companies as that. Bitcoinity.
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