So to start the answer to Karen Foo Best Days To Trade Forex….Concerns that i speak with new financiers what if you’re brand new to investing you just do not wish to choose what you in fact want to invest and you want somebody to do it for you there’s just a number of ways that that can happen the first of all you can hire a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that possibly a couple of percent of your profits will go to them the other thing is obviously 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 keep in mind this platform is quite innovative you can do cfds which of course cfds are ways of investing financier, market, fee, time, broker, deposit, trade, accounts, review, utilize, crypto, value, funds, efficiency, trades, stocks, assets, markets, copy, service, spread, demonstration, access, withdrawal high threat, trading cfds, social trading, retail financier accounts, demonstration account, previous efficiency, social trading platform, minimum deposit, company mix, U.S.A. llc, trading platform, regulative. with not really having the full amount of capital so with anything that you’re discovering please do study the platform do not simply assume because 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 option also so you in fact get utilized 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 naturally your capital is at danger this is investing we’re doing you’re purchasing real companies if you select to in this particular video we’re speaking about how to copy other individuals’s investments with your money so undoubtedly your capital is at risk and we have to bear that in mind do not just do something since that individual has actually stated they have actually made earnings 14 months in a row buy these options because you believe is the ideal ones for you which being said 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’s part of social trading which is one element that is most likely.
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famous for it’s the choice to see what other traders are doing incredible we don’t typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can actually say i want to do precisely what that trader is doing or match that specific portfolio of alternatives and essentially every time they make a trade they purchase they offer whatever they do your cash will be simulated 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 fees included truly crucial you comprehend what are the costs of this now with any platform there will be some cost to obviously these are real 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 fee websites then might not charge you for really buying and selling etfs or funds private products individual stocks. framework, future outcomes, user rating, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer care, popular financier, united states, cfds work, etoro review, real cash, copy trading, charge card, etoro demonstration account, trading charges, unstable instruments. there’ll be charges on other parts maybe 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 show you the charges with in particular in this video the next would be things to understand prior to you actually start buying copy trading or copy portfolios and lastly some best guidance finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s start with fees truly essential to understand these now on there’s a number of costs there isn’t fees to do with actually buying and selling alright so commission fees are complimentary nevertheless there are a number of other charges the first one is withdrawal fees so you can clearly put money in now if you remain 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 on but when you wish to withdraw your cash so you offer your shares you sell your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m just withdrawing when i absolutely need to now you may say fine that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are simply among those choices that they have a lot of platforms clearly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every 6 months you know depends completely how you’re investing however that is a charge to bear in mind the 2nd charge that i have actually touched upon is that conversion charge now with you’re handling us dollars just there’s not an option to purchase in euros or uk and that’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 buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading 2 and 2 open market anybody this is standard they have i suppose stuck to whatever cost they charge for that conversion rate you kind of need to accept you know if you want to utilize their platform go from uk to us then that conversion fee exists what are they really giving you in terms of 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 have to pay their costs now the terrific aspect of though when you’ve converted your cash you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that implies the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s really good using that part of their site will not certainly limit you in any way however we need to understand two other charges the first being what’s called spread fees fine and i’m going to reveal you what i mean on now a spread charge as i’m going to show you on is essentially the difference that is part of the financial investment platform between the buy cost and the list 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 actually implies 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 current cost of tesla is the value of a share what’s called spread charges is the distinction then actually to buy that share on the platform and you’ll find this all over this is another way that they make a small amount of make money from you every time you do a buyer’s share so keep that in mind undoubtedly 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 okay well why does that occur 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 wish to sell it and that is how they make a bit of cash on those spread out costs it’s usually incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit cash now the last feat is called an
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overnight fee now this is really important if you’re really utilizing cfds yourself as well an overnight charge is when you’re not doing that buy offer transaction in the same day alright there’s then an over night cost charged and even if you go from the friday to the monday before sailing a weekend fee 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 in fact purchasing the precise possession rather than utilizing leverage anyway you will not get hit with these fees but these charges are if you’re using leverage 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 state if you go into the help section this isn’t the overnight costs info 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 just uses as i stated to cfds there are some service charges naturally depending upon what you are buying too this is on your own so keep that in mind however full charges are entirely within their help details 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 product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of in fact utilizing these copy works they don’t have any extra charges on top of the typical costs that are there now what you need to keep in mind though is these possibly handled by other individuals completely or often have developed portfolios you have actually got a real person doing the management you have to make sure you pick the individual that’s right for you much like any type of work this is your financial possessions so we absolutely require to make sure it’s the right person for us prior to 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 alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual methods i think 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 information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own money however in fact 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 an excellent option for you again to check the theories okay you may want to buy tesla or apple or this etf why not use the virtual option as a method to sort of safe have fun with it undoubtedly you might have missed out on gains and losses throughout that time of course if you had actually invested your genuine cash it allows you to build self-confidence comprehend the platform so that’s one option for you then next week and i’m going to go back 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 bear in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i indicate by that undoubtedly 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 simply implies am i all right with potentially losing a great amount of this investment or gaining as etoro, trading, account, platform, traders, cash, threat, trader, investment, portfolio, cryptocurrency, fees, cfds, cryptocurrencies, investors, users Karen Foo Best Days To Trade Forex well now keep in mind whatever is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 people will lose cash however that similarly implies they’ll lose at some point in their journey certainly individuals do generate income too and i have actually got videos all about how you can make certain you are among the people to in fact generate income but in this scenario make sure you research your risk level would you be all right providing your money to someone else which is efficiently what you’re doing and trusting them ensure you understand what they’re purchasing fully if you’re somebody who isn’t wanting to be that risky do not choose somebody who’s completely into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or perhaps oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really utilize this too actually easily over here you can copy people now it will offer you a lot of options and you can utilize the system to actually search for somebody that you elegant in fact following so let’s see maybe we desire somebody from unified kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everybody who has actually met that criteria and it does provide you a risk 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 variety of people that have rather high returns bear in mind it resembles anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to ensure 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 verify are you alright with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can in fact 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 bit so that’s good to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is excellent so really for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s likewise got a bit more um of the sort of primary food companies and you’ve got you understand pharmaceutical and production business as that. Karen Foo Best Days To Trade Forex. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund manager, etf, coinbase,, liquidity, indexes, market order