So to start the answer to Todd Harrison Best Trading Platforms….Questions that i speak with new investors what if you’re brand new to investing you simply don’t want to decide what you actually want to invest and you desire somebody to do it for you there’s only a couple of ways that that can happen the to start with you can work with an investment portfolio supervisor they’ll typically charge a quite a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is obviously you can buy mutual funds particular 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 also now if you’re brand new to an overall please bear in mind this platform is rather sophisticated you can do cfds which of course cfds are ways of investing investor, market, charge, time, broker, deposit, trade, accounts, evaluation, utilize, crypto, value, funds, performance, trades, stocks, properties, markets, copy, service, spread, demo, access, withdrawal high risk, trading cfds, social trading, retail investor accounts, demo account, past performance, social trading platform, minimum deposit, service mix, usa llc, trading platform, regulatory. with not really having the full amount of capital so with anything that you’re discovering please do study the platform don’t just assume because 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 money they consider that option also so you in fact get used to the structure of the website and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re buying real business if you pick to in this particular video we’re talking about how to copy other people’s financial investments with your money so clearly your capital is at risk and we have to bear that in mind do not just do something since that person has actually stated they’ve made earnings 14 months in a row invest in these options because you think is the right ones for you which being said let’s dive directly in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.
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well-known for it’s the choice to see what other traders are doing amazing we do not normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can in fact say i want to do exactly what that trader is doing or match that specific portfolio of options and generally each time they make a trade they buy they sell 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 likewise cover is the charges included actually critical you understand what are the costs of this now with any platform there will be some expense to certainly these are genuine companies 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 no charge websites then may not charge you for in fact buying and selling funds or etfs private products specific stocks. structure, future results, user score, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer support, popular financier, united states, cfds work, etoro review, genuine cash, copy trading, charge card, etoro demonstration account, trading costs, unstable instruments. there’ll be costs on other parts perhaps 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 fees with in particular in this video the next would be things to understand prior to you in fact start investing in copy trading or copy portfolios and lastly some best advice best practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s begin with costs truly important to comprehend these now on there’s a number of charges there isn’t charges to do with in fact buying and selling alright so commission costs are free however there are a number of other costs the first one is withdrawal fees so you can undoubtedly 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 money so you sell your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to make certain that i’m just withdrawing when i absolutely require to now you might state okay that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are just among those options that they have a lot of platforms undoubtedly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every six months you know depends entirely how you’re investing but that is a fee to remember the second cost that i’ve discussed is that conversion cost now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s great that suits me.
The price of profit according to bitcoin stock and button assets percentages
a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading 2 and 2 free trade anyone at all this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion fee exists what are they actually providing 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 provide me us dollars rather you have to pay their costs now the excellent aspect of however when you’ve converted your money you do not need to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s really good utilizing that part of their site won’t certainly limit you in any way nevertheless we have to understand 2 other charges the first being what’s called spread costs okay and i’m going to show you what i mean on now a spread cost as i’m going to reveal you on is generally the distinction that belongs to the investment platform in between the buy cost and the sale price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that actually implies 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 existing price of tesla is the worth of a share what’s called spread costs is the distinction then in fact to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of make money from you every time you do a buyer’s share so keep that in mind clearly it’s more costly to purchase than it is to offer so they’re going to offer you less back with your sale and you state fine well why does that occur it just does that is the nature of a great deal 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 cash on those spread out fees it’s generally extremely small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a little bit cash now the last accomplishment is called an
A Commodities broker in apple menu crypto shares
over night charge now this is actually essential if you’re in fact using cfds yourself also an over night fee is when you’re not doing that buy sell deal in the exact same day fine there’s then an overnight fee charged or perhaps if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which implies you’re really buying the exact asset rather than using utilize anyhow you won’t get hit with these costs but these costs are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s say if you go into the aid area this isn’t the overnight charges information you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only uses as i said to cfds there are some surcharges naturally depending upon what you are investing in also this is on your own so keep that in mind however complete fees are totally within their assistance details okay and we spoke about along with free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of in fact utilizing these copy operates they do not have any extra fees on top of the regular charges that are there now what you require to bear in mind though is these possibly managed by other individuals completely or in some cases have actually created portfolios you’ve got a real individual doing the management you need to make certain you select the person that’s right for you just like any profession this is your financial possessions so we absolutely require to make sure it’s the right individual for us prior to we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of various alternatives for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your credit card information or anything you can essentially have this virtual portfolio imitate as if you are using your own money but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real money possibly this is an excellent option for you again to check the theories fine you may wish to purchase tesla or apple or this etf why not use the virtual option as a method to sort of safe play with it undoubtedly you might have lost out on gains and losses throughout that time obviously if you had invested your real money it permits 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 actually how to copy people and copy portfolios now here’s something to keep in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i imply 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 okay with potentially losing a great quantity of this financial investment or gaining as etoro, trading, account, platform, traders, cash, risk, trader, financial investment, portfolio, cryptocurrency, fees, cfds, cryptocurrencies, investors, users Todd Harrison Best Trading Platforms well now keep in mind everything is ups and downs you will make money you’ll lose money that’s why they make the figure 75 individuals will lose money but that equally suggests they’ll lose eventually in their journey clearly people do make money also and i have actually got videos everything about how you can ensure you’re one of individuals to actually earn money however in this scenario ensure you research study your danger level would you be all right providing your cash to somebody else which is efficiently what you’re doing and trusting them ensure you understand what they’re buying completely if you’re someone who isn’t wishing to be that risky don’t choose somebody who’s totally into crypto or currency conversion think of it you ‘d probably want a foundation of strong commodities
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like gold and even oil plus more conventional etfs and index funds you might 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 in fact use this too truly easily over here you can copy people now it will offer you a lot of options and you can utilize the system to really search for somebody that you elegant in fact following so let’s see possibly we desire someone from unified kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has satisfied that criteria and it does give you a danger element too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of people that have rather high returns remember it resembles anything to do with the news or predictions of the future this does not suggest 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 basic as clicking the copy button and off you go and after that you understand ask you to validate are you all right with this and off you go now another way to actually 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 go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is great so in fact for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she prefers she’s likewise got a little bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production business as that. Todd Harrison Best Trading Platforms. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund supervisor, etf, coinbase,, liquidity, indexes, market order