So to start the answer to Does Coinbase Support Xyo Tokens….Concerns that i speak with new financiers what if you’re brand new to investing you merely don’t wish to decide what you actually want to invest and you want somebody to do it for you there’s only a number of manner ins which that can occur the firstly you can work with a financial investment portfolio manager they’ll typically charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds particular funds are created 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 also now if you’re brand new to a total please keep in mind this platform is quite innovative you can do cfds which naturally cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning about please do study the platform don’t just presume since i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative as well so you actually get utilized to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re investing in genuine companies if you select to in this specific video we’re talking about how to copy other people’s financial investments with your money so obviously your capital is at threat and we have to bear that in mind do not simply do something because that individual has actually stated they have actually made earnings 14 months in a row invest in these options due to the fact that you think is the ideal ones for you and that being said let’s dive directly in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one element that is probably.
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famous for it’s the option to see what other traders are doing extraordinary we don’t normally get that insight from a great deal 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 precisely what that trader is doing or match that precise portfolio of alternatives and basically every time they make a trade they buy they sell whatever they do your cash will be mimicked 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 cash in so we’re going to also cover is the charges involved truly crucial you understand what are the expenses of this now with any platform there will be some expense to obviously 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 zero charge sites then might not charge you for actually buying and selling funds or etfs private products private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs 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 prior to you in fact begin investing in copy trading or copy portfolios and finally some best recommendations finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s start with fees really crucial to understand these now on there’s a number of costs there isn’t fees to do with in fact buying and selling alright so commission costs are free however there are a number of other charges the very first one is withdrawal charges so you can clearly put money in now if you’re in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your money so you offer 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 5 dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m only withdrawing when i absolutely require to now you may say all right 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 somewhere and withdrawal charges are simply one of those choices that they have a lot of platforms clearly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every six months you understand depends completely how you’re investing but that is a fee to bear in mind the second cost that i’ve discussed is that conversion cost now with you’re handling us dollars just there’s not an option to buy in euros or uk and that’s fine 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 or even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and two open market anybody this is standard they have i suppose stuck with whatever fee they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they in fact offering 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 state give me us dollars instead you need to pay their costs now the excellent feature of though when you’ve converted your money you do not have to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies the preliminary 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 additional costs so that’s actually good using that part of their site won’t definitely limit you in any way nevertheless we have to know 2 other charges the first being what’s called spread costs all right and i’m going to show you what i mean on now a spread charge as i’m going to reveal you
on is essentially the difference that becomes part of the investment platform in between the buy cost and the price okay it’s their premium on doing both those 2 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 actually implies that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present price of tesla is the worth of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of benefit from you whenever you do a buyer’s share so keep that in mind certainly it’s more costly to purchase than it is to offer so they’re going to provide 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 which is how they make a bit of cash on those spread out charges it’s normally extremely small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a little bit money now the last task is called an
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over night charge now this is actually important if you’re really using cfds yourself also an over night cost is when you’re not doing that buy offer deal in the very same day all right there’s then an over night cost charged or perhaps if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which suggests you’re in fact buying the precise asset rather than using take advantage of anyway you will not get hit with these charges 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 exact same day so let’s say if you go into the aid area 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 charges 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 surcharges naturally depending on what you are purchasing also this is on your own so keep that in mind but full costs are totally within their aid details all right and we spoke about as well as complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of in fact utilizing these copy operates they do not have any additional fees on top of the typical charges that
exist now what you need to keep in mind though is these potentially handled by other individuals entirely or often have actually developed portfolios you have actually got a real individual doing the management you need to ensure you choose the individual that’s right for you much like any kind of work this is your financial assets 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 want to utilize this function we have actually got a number of various alternatives for us first of all 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 means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your credit card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money maybe this is an excellent alternative for you once again to evaluate the theories fine you may want to buy tesla or apple or this etf why not use the virtual option as a method to type of safe play with it clearly you might have lost out on gains and losses during that time of course if you had invested your genuine cash it allows you to build self-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 people and copy portfolios now here’s something to remember before you select someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i imply 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 implies am i all right with possibly losing a good quantity of this financial investment or getting as
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well now keep in mind whatever is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 people will lose money however that similarly suggests they’ll lose at some time in their journey undoubtedly individuals do make money too and i’ve got videos everything about how you can ensure you’re one of the people to actually make money however in this situation make certain you research your danger level would you be okay providing your money to somebody else which is successfully what you’re doing and trusting them make certain you comprehend what they’re buying completely if you’re someone who isn’t wishing to be that risky do not choose someone who’s entirely into crypto or currency conversion think about it you ‘d most likely want a foundation of strong products
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like gold and even oil plus more conventional etfs and index funds you may 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 in fact use this too actually easily over here you can copy individuals now it will offer you a great deal of options and you can utilize the system to really search for someone that you elegant actually following so let’s see perhaps we want somebody from united kingdom um who buys let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has met that criteria and it does offer you a risk element too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns
bear in mind it’s like 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 might make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to validate 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 actually deep dive into what is she really investing in 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 understand ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got some of mine actually that i buy too which is excellent so actually for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s likewise got a bit more um of the sort of primary food business and you have actually got you know pharmaceutical and production companies as that. Does Coinbase Support Xyo Tokens.
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