So to start the answer to Thinkorswim Monkey Plush….Questions that i speak with new financiers what if you’re brand new to investing you just do not wish to choose what you really want to invest and you want someone to do it for you there’s just a couple of manner ins which that can happen the first of all you can employ a financial investment portfolio supervisor they’ll generally 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 naturally you can purchase mutual funds specific funds are produced 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 as well now if you’re brand new to an overall please remember this platform is quite sophisticated you can do cfds which of course cfds are methods of investing financier, market, cost, time, broker, deposit, trade, accounts, review, take advantage of, crypto, value, 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, organization mix, usa llc, trading platform, regulative. with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just presume due to the fact that i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they give that choice also 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 real business if you pick to in this particular video we’re discussing how to copy other individuals’s 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 person has actually stated they have actually made revenue 14 months in a row invest in these options since you think is the right ones for you and that being said let’s dive straight in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one element that is probably.
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famous for it’s the choice to see what other traders are doing amazing we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our money we can in fact say i want to do precisely what that trader is doing or match that precise portfolio of choices and essentially whenever they make a trade they buy they offer whatever they do your money will be simulated with it so that suggests if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges involved actually important you understand what are the costs of this now with any platform there will be some cost 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 some of the no fee sites then may not charge you for really buying and selling funds or etfs private products private stocks. structure, future outcomes, user score, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer service, popular investor, united states, cfds work, etoro evaluation, real money, copy trading, credit card, etoro demo account, trading costs, unstable instruments. there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you really begin buying copy trading or copy portfolios and lastly some best advice finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s start with charges really essential to comprehend these now on there’s a couple of costs there isn’t costs to do with in fact buying and selling fine so commission charges are totally free nevertheless there are a number of other costs the very first one is withdrawal fees so you can certainly put cash in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your money so you sell 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 five dollars per withdrawal so for me naturally knowing that i’m going to make sure that i’m just withdrawing when i definitely require to now you may say okay that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are just one of those choices that they have a lot of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every 6 months you know depends entirely how you’re investing however that is a charge to remember the second fee that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’s great that suits me.
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a lot 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 anybody so if you’re utilizing trading 2 and two free trade anyone at all this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you sort of have 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 really providing you in regards to 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 say provide me us dollars instead you have to pay their costs now the fantastic thing about however when you’ve transformed your cash you do not have to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that indicates the initial day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s truly excellent utilizing that part of their site will not definitely restrict you in any way nevertheless we need to understand 2 other fees the very first being what’s called spread charges fine and i’m going to reveal you what i imply on now a spread cost as i’m going to reveal you on is basically the difference that becomes part of the financial 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 site today tesla’s dollar worth 599 per share in tesla that really means that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me show you that once again so the present cost of tesla is the value of a share what’s called spread charges is the distinction 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 profit from you each time you do a purchaser’s share so keep that in mind obviously it’s more pricey to buy than it is to offer so they’re going to offer you less back with your sale and you say fine well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a bit of money on those spread costs it’s normally exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a little bit cash now the last task is called an
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over night fee now this is actually important if you’re actually using cfds yourself also an over night fee is when you’re refraining from doing that buy sell transaction in the same day all right there’s then an overnight fee charged or perhaps if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one leverage which implies you’re in fact buying the precise asset rather than using utilize anyhow you won’t get hit with these costs however these costs are if you’re using take advantage of and cfds and after that you’re going to have these fees if you’re not buy offering in the same day so let’s state if you go into the assistance area this isn’t the overnight fees details you can see exactly the breakdown and it’ll inform you what are the charges what are the fees 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 surcharges naturally depending on what you are purchasing as well this is on your own so keep that in mind however complete charges are completely within their help info fine and we talked about along with totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of actually using these copy functions they don’t have any extra costs on top of the regular costs that exist now what you require to bear in mind though is these potentially managed by other individuals totally or in some cases have created portfolios you’ve got a genuine individual doing the management you have to ensure you pick the individual that’s right for you much like any kind of work this is your monetary assets so we absolutely need to ensure it’s the best 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 different options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual methods 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 need to put in your credit card information or anything you can essentially have this virtual portfolio mimic as if you are using your own money however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash maybe this is a fantastic option for you again to evaluate the theories okay you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to type 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 genuine cash it allows you to develop self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat 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 investments the riskier you can be risk just means am i alright with potentially losing an excellent amount of this financial investment or getting as etoro, trading, account, platform, traders, money, threat, trader, investment, portfolio, cryptocurrency, fees, cfds, cryptocurrencies, investors, users Thinkorswim Monkey Plush well now keep in mind everything is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 people will lose cash however that equally implies they’ll lose at some time in their journey obviously people do earn money also and i have actually got videos everything about how you can make sure you’re one of individuals to actually generate income but in this scenario ensure you research study your risk level would you be okay offering your money to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing fully if you’re someone who isn’t wishing to be that risky don’t select somebody who’s totally into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products
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like gold or even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really utilize this too truly quickly over here you can copy people now it will give you a lot of options and you can utilize the system to actually look for somebody that you expensive really following so let’s see perhaps we want someone from joined kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everyone who has actually satisfied that criteria and it does offer you a threat element too so it tends to be the greater 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’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 could make 4 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 understand ask you to confirm are you fine with this and off you go now another method to actually deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she in fact investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is good so actually for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she prefers she’s likewise got a little bit more um of the kind of primary food business and you have actually got you understand pharmaceutical and production business as that. Thinkorswim Monkey Plush. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund supervisor, etf, coinbase,, liquidity, indexes, market order