So to start the answer to Trading 212 Qqq….Questions that i hear from brand-new investors what if you’re brand new to investing you merely do not wish to choose what you really wish to invest and you want someone to do it for you there’s only a number of ways that that can happen the first off you can hire a financial investment portfolio manager they’ll normally charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is obviously you can purchase mutual funds particular funds are created 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 as well now if you’re brand new to a total please bear in mind this platform is quite sophisticated you can do cfds which naturally cfds are methods of investing financier, market, cost, time, broker, deposit, trade, accounts, evaluation, leverage, crypto, value, funds, efficiency, trades, stocks, properties, markets, copy, service, spread, demo, gain access to, withdrawal high risk, trading cfds, social trading, retail financier accounts, demo account, past efficiency, social trading platform, minimum deposit, organization mix, U.S.A. llc, trading platform, regulatory. with not in fact having the total of capital so with anything that you’re learning about please do study the platform do not just assume due to the fact that i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they give that choice too so you actually get utilized to the structure of the site and then when you’re ready to use your own cash 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 discussing how to copy other people’s investments with your cash so clearly your capital is at danger and we have to bear that in mind do not simply do something because that person has stated they’ve made profit 14 months in a row buy these choices because you think is the ideal ones for you and that being stated let’s dive straight 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 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 and so that indicates with our cash we can really say i want to do precisely what that trader is doing or match that exact portfolio of choices and essentially each time they make a trade they purchase they offer whatever they do your money will be imitated with it so that suggests if for instance 10 of their financial investment portfolio remains 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 vital you understand what are the expenses of this now with any platform there will be some cost to certainly these are genuine business that are investing they’re doing the buying 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 in fact buying and selling funds or etfs private products specific stocks. framework, future results, user rating, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, client service, popular financier, united states, cfds work, etoro evaluation, genuine cash, copy trading, charge card, etoro demo account, trading fees, unstable instruments. there’ll be fees on other parts maybe 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 show you the charges with in particular in this video the next would be things to know before you in fact start buying copy trading or copy portfolios and lastly some finest recommendations finest practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s begin with fees truly important to understand these now on there’s a number of fees there isn’t costs to do with in fact buying and selling alright so commission costs are complimentary nevertheless there are a couple of other fees the first one is withdrawal costs 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 instantly 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 offer your shares you offer 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 obviously knowing that i’m going to make sure that i’m just withdrawing when i definitely require to now you might state fine that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are simply among those options that they have a great deal 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 once every 6 months you know depends completely how you’re investing but that is a charge to remember the 2nd cost that i’ve touched upon is that conversion cost now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk which’s great that matches 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 use anyone so if you’re utilizing trading two and two free trade anyone at all this is basic they have actually i expect stuck with whatever fee they charge for that conversion rate you sort of have to accept you understand if you want to use their platform go from uk to us then that conversion charge exists what are they in fact giving 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 state give me us dollars rather you need to pay their costs now the excellent aspect of however when you’ve converted your money you do not have to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary 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 fees so that’s actually excellent utilizing that part of their website will not definitely limit you in any way however we have to know two other fees the first being what’s called spread costs alright and i’m going to reveal you what i imply on now a spread cost as i’m going to reveal you on is essentially the difference that becomes part of the investment platform between the buy cost and the list price alright it’s their premium on doing both those two 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 actually implies 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 rate of tesla is the worth of a share what’s called spread fees is the difference then actually to purchase that share on the platform and you’ll discover this all over this is another way that they make a small amount of benefit 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 offer you less back with your sale and you state alright well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you want to sell it and that is how they make a little bit of money on those spread out fees it’s typically exceptionally 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 money now the last task is called an
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overnight charge now this is truly essential if you’re actually utilizing cfds yourself too an over night cost is when you’re not doing that buy sell transaction in the same day all right there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one utilize which suggests you’re in fact purchasing the precise asset instead of utilizing take advantage of anyway you will not get hit with these fees but these costs are if you’re utilizing leverage and cfds and after that you’re going to have these costs if you’re not buy selling in the same day so let’s state if you enter into the help section this isn’t the over night costs information you can see precisely 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 applies as i stated to cfds there are some surcharges of course depending on what you are buying too this is on your own so keep that in mind but complete charges are completely within their aid info okay and we discussed in addition to 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 whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two various methods of in fact using these copy functions they do not have any additional costs on top of the normal fees that exist now what you need to bear in mind though is these possibly handled by other people totally or sometimes have produced portfolios you have actually got a real individual doing the management you need to ensure you choose the individual that’s right for you much like any line of work this is your financial possessions so we definitely require to ensure it’s the best individual for us before we copy them so the first things i would call it if you do want to use this function we’ve got a couple of various options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways 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 require to put in your credit card information or anything you can basically have this virtual portfolio mimic as if you are using your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash maybe this is a terrific choice for you again to test the theories alright you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a way to type of safe play with it obviously you might have missed out on gains and losses during that time obviously if you had actually invested your genuine cash it enables you to construct self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my genuine 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 choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i indicate by that certainly 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 risk simply suggests am i all right with possibly losing a great quantity of this financial investment or acquiring as etoro, trading, account, platform, traders, cash, risk, trader, financial investment, portfolio, cryptocurrency, charges, cfds, cryptocurrencies, financiers, users Trading 212 Qqq well now remember whatever is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose money however that similarly implies they’ll lose at some point in their journey clearly individuals do generate income also and i’ve got videos all about how you can make sure you’re one of the people to actually earn money however in this situation make certain you research study your danger level would you be okay giving your money to another person which is successfully what you’re doing and trusting them ensure you understand what they’re investing in completely 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 backbone of strong commodities
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like gold or even oil plus more standard 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 actually utilize this too actually quickly over here you can copy individuals now it will offer 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 possibly we desire someone from joined kingdom um who buys let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can find everybody who has actually met that criteria and it does offer 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 number 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 chance to guarantee 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 validate are you fine with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really 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 great to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is good so really for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s also got a little bit more um of the sort of main food business and you have actually got you know pharmaceutical and production companies as that. Trading 212 Qqq. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund manager, etf, coinbase,, liquidity, indexes, market order