So to start the answer to Ken Baggett Trading Strategy Forex….Concerns that i hear from brand-new financiers what if you’re brand new to investing you just do not want to choose what you actually wish to invest and you desire somebody to do it for you there’s just a number of manner ins which that can occur the first off you can hire an investment portfolio manager they’ll normally 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 of course you can buy mutual funds particular funds are produced 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 an overall please bear in mind this platform is rather innovative you can do cfds which naturally cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t just presume due to the fact that i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they give that choice as well so you really get utilized to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying genuine business if you pick to in this specific video we’re speaking about how to copy other individuals’s investments with your cash so certainly your capital is at danger and we need 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 purchase these options because you believe is the ideal ones for you and that being said 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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popular for it’s the option to see what other traders are doing incredible we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can really say i wish to do exactly what that trader is doing or match that exact portfolio of options and generally every time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that means if for example 10 of their investment portfolio remains 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 costs of this now with any platform there will be some expense to certainly 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 some of the absolutely no charge sites then might not charge you for in fact buying and selling etfs or funds individual commodities individual 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 reveal you the costs with in particular in this video the next would be things to understand before you in fact begin investing in copy trading or copy portfolios and lastly some finest advice finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s begin with costs actually essential to comprehend these now on there’s a number of charges there isn’t fees to do with really buying and selling alright so commission fees are complimentary nevertheless there are a couple of other charges the first one is withdrawal costs so you can certainly put cash in now if you’re in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your money 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 5 dollars per withdrawal so for me naturally understanding that i’m going to make certain that i’m just withdrawing when i definitely need to now you may say fine that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are just one of those alternatives 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 mostly it can be maybe even once a year when every six months you know depends totally how you’re investing but that is a fee to remember the 2nd cost that i have actually discussed is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk which’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway 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 utilize anyone so if you’re using trading two and 2 free trade anybody this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you understand if you want to utilize their platform go from uk to us then that conversion charge is there what are they actually 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 state offer me us dollars rather you have to pay their costs now the terrific thing about though when you’ve converted your cash you do not need to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that implies the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s actually great utilizing that part of their website won’t definitely restrict you in any way nevertheless we have to understand two other costs the first being what’s called spread fees fine and i’m going to show you what i indicate on now a spread cost as i’m going to reveal you
on is basically 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 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that really means that when you wish to offer or buy as you can see it’s not the cost you’re seeing up here let me show you that again so the current rate of tesla is the value 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 everywhere 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 undoubtedly it’s more expensive to purchase than it is to sell so they’re going to offer you less back with your sale and you state all right 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 sell it which is how they make a little bit of money on those spread out fees it’s typically extremely little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit money now the last task is called an
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overnight charge now this is truly important if you’re actually using cfds yourself also an overnight fee is when you’re refraining from doing that buy offer deal in the exact same day fine there’s then an over night charge charged and even if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which implies you’re really buying the exact possession rather than using utilize anyhow you will not get hit with these charges but these fees are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you go into the aid section this isn’t the over night fees information you can see precisely the breakdown and it’ll inform 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 uses as i said to cfds there are some service charges obviously depending upon what you are purchasing too this is on your own so keep that in mind however complete costs are totally within their assistance information okay and we spoke about in addition to free 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 charge now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of actually utilizing these copy functions they do not have any additional charges on top of the regular charges that
exist now what you require to keep in mind though is these possibly handled by other people totally or sometimes have produced portfolios you’ve got a real individual doing the management you have to ensure you select the person that’s right for you just like any line of work this is your monetary assets so we definitely need to make certain it’s the best 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 have actually got a number of various alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money or a virtual platform virtual ways 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 credit card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash possibly this is an excellent choice for you again to check the theories alright you might want to purchase tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe play with it certainly you may have lost out on gains and losses throughout that time obviously if you had actually invested your real money it enables you to construct confidence understand 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 remember before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i suggest by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of simply means am i alright with potentially losing an excellent quantity of this investment or getting as
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well now remember whatever is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose money but that similarly means they’ll lose at some time in their journey clearly individuals do generate income also and i have actually got videos everything about how you can make certain you are among individuals to actually earn money but in this situation make sure you research your risk level would you be okay giving your cash to somebody else which is successfully what you’re doing and trusting them ensure you understand what they’re investing in totally if you’re someone who isn’t wanting to be that risky don’t choose somebody who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation 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 very same with who you’re following now as i say you can actually use this too truly quickly over here you can copy people now it will provide you a lot of options and you can utilize the system to in fact search for someone that you expensive really following so let’s see possibly we want someone from united kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can discover everyone who has actually satisfied that criteria and it does provide you a risk aspect too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
bear in mind it resembles 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 four or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to confirm are you alright with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she in fact purchasing so let’s go 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 type of into those blue box and the tech market she’s got some of mine actually that i buy too which is excellent so in fact for me knowing 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 type of primary food business and you’ve got you know pharmaceutical and production business as that. Ken Baggett Trading Strategy Forex.
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