So to start the answer to Peter Martin Trading 212….Concerns that i speak with new financiers what if you’re brand new to investing you simply don’t want to decide what you in fact wish to invest and you want someone to do it for you there’s only a number of ways that that can happen the firstly you can hire a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are developed again with an account supervisor 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 remember this platform is rather advanced you can do cfds which obviously cfds are ways of investing investor, market, cost, time, broker, deposit, trade, accounts, review, take advantage of, crypto, worth, funds, performance, trades, stocks, assets, markets, copy, service, spread, demo, access, withdrawal high threat, trading cfds, social trading, retail financier accounts, demo account, past performance, social trading platform, minimum deposit, service mix, usa llc, trading platform, regulative. 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 since i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they give that alternative also so you really get used to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re purchasing real business if you choose to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so clearly your capital is at risk and we have to bear that in mind do not simply do something because that individual has said they have actually made profit 14 months in a row invest in these choices due to the fact that you think is the best 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 element that is most likely.
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popular for it’s the choice 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 implies with our money we can actually say i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and essentially whenever they make a trade they purchase they offer whatever they do your money will be imitated with it so that implies if for example 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 fees included actually crucial you understand what are the costs 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 some of the no cost websites then might not charge you for actually buying and selling funds or etfs private products individual stocks. structure, future results, user score, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, client service, popular financier, joined states, cfds work, etoro evaluation, real cash, copy trading, charge card, etoro demo account, trading costs, unpredictable instruments. there’ll be charges 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 reveal you the costs with in particular in this video the next would be things to know before you in fact start purchasing copy trading or copy portfolios and finally some best suggestions best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s begin with fees actually essential to understand these now on there’s a couple of charges there isn’t costs to do with in fact buying and selling okay so commission fees are complimentary nevertheless there are a number of other charges the very first one is withdrawal costs so you can obviously put cash 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 however when you want to withdraw your cash so you offer your shares you sell your commodities whatever you’re offering 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 just withdrawing when i definitely 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 fees are just among those options that they have a great deal of platforms undoubtedly are complimentary 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 once every six months you know depends totally how you’re investing however that is a charge to remember the 2nd cost that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not a choice to purchase in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading two and two open market anybody this is basic they have i expect stuck to whatever fee they charge for that conversion rate you sort of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge exists what are they really offering 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 state give me us dollars rather you need to pay their charges now the terrific aspect of though when you’ve transformed your money you do not have to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means the initial day that you buy or transform 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 excellent utilizing that part of their website won’t definitely restrict you in any way however we need to know 2 other costs the first being what’s called spread costs fine and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you on is generally the difference that belongs to the financial investment platform between the buy cost and the price alright 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 in fact suggests that when you want to buy or sell as you can see it’s not the cost you’re seeing up here let me show you that again so the present price of tesla is the value of a share what’s called spread costs is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of make money from you each time you do a purchaser’s share so keep that in mind certainly it’s more pricey to purchase than it is to offer so they’re going to offer you less back with your sale and you say alright well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it and that is how they make a little bit of cash on those spread fees it’s normally extremely little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit cash now the last accomplishment is called an
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over night cost now this is actually crucial if you’re really utilizing cfds yourself too an overnight charge is when you’re not doing that buy offer transaction in the exact same day okay there’s then an over night cost charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which means you’re in fact buying the precise asset rather than utilizing utilize anyhow you won’t get hit with these fees however these costs are if you’re utilizing utilize and cfds and after that you’re going to have these charges if you’re not buy selling in the same day so let’s say if you enter into the assistance area this isn’t the over night charges details you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which just uses as i stated to cfds there are some service charges of course depending on what you are investing in also this is on your own so keep that in mind however full fees are totally within their aid details okay and we spoke about as well as totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of actually using these copy functions they do not have any extra fees on top of the typical fees that exist now what you need to remember though is these possibly handled by other people completely or often have developed portfolios you’ve got a real person doing the management you have to ensure you pick the individual that’s right for you just like any profession this is your monetary assets so we definitely require to ensure 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 couple of various options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your charge card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own money but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real money possibly this is a great choice for you once again to check the theories all right you may want to buy tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe play with it undoubtedly you might have missed out on gains and losses during that time of course if you had actually invested your genuine cash it enables you to build 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 in fact how to copy people and copy portfolios now here’s something to bear in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i imply by that obviously 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 run the risk of just indicates am i okay with possibly losing a great amount of this investment or gaining as etoro, trading, account, platform, traders, money, danger, trader, investment, portfolio, cryptocurrency, charges, cfds, cryptocurrencies, financiers, users Peter Martin Trading 212 well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose money but that equally indicates they’ll lose at some time in their journey undoubtedly people do make money as well and i have actually got videos everything about how you can make certain you’re one of the people to actually make money however in this circumstance ensure you research study your risk level would you be alright giving your money to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re buying fully if you’re someone who isn’t wishing to be that risky don’t select someone who’s entirely into crypto or currency conversion think of it you ‘d probably desire a foundation of strong commodities
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like gold or even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact use this too really easily over here you can copy individuals now it will provide you a lot of options and you can utilize the system to in fact look for somebody that you expensive in fact following so let’s see maybe we want 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 a good quantity and i can discover everybody who has actually fulfilled that criteria and it does provide you a threat factor as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety 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 someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to verify are you alright with this and off you go now another way to really deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she in fact buying 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 great to know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got some of mine actually that i buy too which is good so actually for me understanding what i like to invest in 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 kind of main food business and you have actually got you know pharmaceutical and production companies as that. Peter Martin Trading 212. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund supervisor, etf, coinbase,, liquidity, indexes, market order