So to start the answer to What Trading Platform Does Ross Cameron Use….Concerns that i hear from new investors what if you’re brand new to investing you simply don’t wish to decide what you in fact wish to invest and you want somebody to do it for you there’s only a number of ways that that can happen the first of all you can hire a financial investment portfolio manager they’ll normally charge a rather a high premium to do that possibly one or two percent of your revenues will go to them the other thing is naturally you can buy mutual funds particular funds are developed once 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 a total please bear in mind this platform is rather innovative you can do cfds which obviously cfds are ways of investing financier, market, fee, time, broker, deposit, trade, accounts, evaluation, take advantage of, crypto, worth, funds, efficiency, trades, stocks, assets, markets, copy, service, spread, demonstration, access, withdrawal high risk, trading cfds, social trading, retail investor accounts, demonstration account, past performance, social trading platform, minimum deposit, service combination, usa llc, trading platform, regulative. 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 experiment with it even invest with virtual cash they give that alternative also so you actually get utilized to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously 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 talking about how to copy other people’s financial investments with your money so certainly your capital is at risk and we need to bear that in mind do not just do something since that individual has actually stated they’ve made revenue 14 months in a row invest in these choices due to the fact that you think is the best ones for you which 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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famous for it’s the alternative 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 and so that implies with our cash we can really state i want to do exactly what that trader is doing or match that specific portfolio of options and basically whenever they make a trade they buy they sell whatever they do your cash 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 cash in so we’re going to also cover is the fees involved really crucial you comprehend what are the costs of this now with any platform there will be some expense to obviously these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero fee websites then may not charge you for in fact buying and selling funds or etfs specific products individual stocks. structure, future results, user score, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer support, popular financier, unified states, cfds work, etoro review, genuine money, copy trading, credit card, etoro demo account, trading fees, unstable instruments. there’ll be costs on other parts maybe 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 charges with in particular in this video the next would be things to understand prior to you really begin purchasing copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s kick off with fees really essential to understand these now on there’s a couple of fees there isn’t charges to do with really buying and selling all right so commission fees are totally free nevertheless there are a couple of other costs the first one is withdrawal fees so you can clearly put cash in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your cash so you sell your shares you sell your products 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 understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you may say okay that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are just among those alternatives that they have a lot of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every 6 months you understand depends entirely how you’re investing but that is a fee to bear in mind the second charge that i have actually touched upon is that conversion fee now with you’re handling us dollars just there’s not an alternative to buy in euros or uk which’s fine 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 perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading 2 and 2 free trade anyone at all this is basic they have i expect stuck with whatever charge they charge for that conversion rate you kind of need to accept you understand if you wish 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 give me us dollars rather you need to pay their costs now the great feature of however when you’ve transformed your cash you do not have to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s actually great using that part of their site won’t definitely restrict you in any way however we need to understand two other fees the very first being what’s called spread costs alright and i’m going to show you what i mean on now a spread cost as i’m going to show you on is generally the distinction that becomes part of the investment platform between the buy cost and the sale price okay 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 in fact means that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that once again so the current price of tesla is the value of a share what’s called spread charges is the distinction then in fact to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of benefit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to offer so they’re going to provide you less back with your sale and you state fine well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to sell it and that is how they make a little bit of money on those spread out fees it’s typically incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit cash now the last feat is called an
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overnight cost now this is truly essential if you’re in fact utilizing cfds yourself too an overnight charge is when you’re not doing that buy offer deal in the same day all right there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one leverage which indicates you’re really purchasing the specific property rather than utilizing leverage anyway you won’t get hit with these fees however 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 enter into the assistance area this isn’t the over night charges info you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only applies as i said to cfds there are some additional charges naturally depending on what you are buying also this is on your own so keep that in mind however complete costs are completely within their help details fine and we discussed as well as free to deposit in but 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 cost now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of in fact utilizing these copy works they don’t have any additional costs on top of the normal charges that are there now what you need to keep in mind though is these potentially handled by other individuals completely or sometimes have actually created portfolios you’ve got a real individual doing the management you have to make certain you select the individual that’s right for you much like any line of work this is your financial possessions so we absolutely need to make sure 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 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 cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money however in fact 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 once again to evaluate the theories alright you might wish to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe play with it undoubtedly you might have missed out on gains and losses throughout that time of course if you had invested your genuine money it allows you to develop 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 really how to copy people and copy portfolios now here’s something to bear in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i mean by that certainly 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 risk just indicates am i all right with possibly losing an excellent quantity of this investment or getting as etoro, trading, account, platform, traders, money, danger, trader, investment, portfolio, cryptocurrency, charges, cfds, cryptocurrencies, investors, users What Trading Platform Does Ross Cameron Use well now remember everything is downs and ups you will earn money you’ll lose cash that’s why they make the statistic 75 individuals will lose cash but that similarly means they’ll lose at some point in their journey certainly individuals do make money too and i’ve got videos everything about how you can ensure you are among individuals to in fact generate income however in this scenario ensure you research your danger level would you be fine giving your cash to someone else which is successfully what you’re doing and trusting them make certain you comprehend what they’re investing in totally if you’re someone who isn’t wanting to be that risky do not choose somebody who’s entirely into crypto or currency conversion consider it you ‘d probably want a backbone of strong commodities
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like gold or even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact use this too truly quickly over here you can copy individuals now it will provide you a great deal of choices and you can use the system to really search for somebody that you fancy in fact following so let’s see perhaps we desire someone from unified kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a great quantity and i can discover everybody who has satisfied that criteria and it does give you a danger aspect 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 rather high returns keep 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 four or minus 50 there’s no way to ensure 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 validate are you all right with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she actually purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got some of mine really that i purchase too which is great so in fact for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s likewise got a bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production business as that. What Trading Platform Does Ross Cameron Use. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund manager, etf, coinbase,, liquidity, indexes, market order