We get htis a lot on our site the answer to Cointracking Etoro Gdax….Questions that i hear from brand-new investors what if you’re brand new to investing you just do not wish to decide what you actually want to invest and you desire someone to do it for you there’s just a number of ways that that can occur the first of all you can employ an investment portfolio supervisor they’ll normally charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is naturally you can buy mutual funds specific 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 also now if you’re brand new to a total please bear in mind this platform is quite innovative you can do cfds which obviously cfds are methods of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform don’t simply assume because i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they give that option too so you in fact get utilized 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 threat this is investing we’re doing you’re purchasing genuine business if you pick to in this specific video we’re discussing how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not just do something since that person has said they have actually made revenue 14 months in a row buy these choices due to the fact that you think is the ideal ones for you and that being stated let’s dive straight in [Music] so the important 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 aspect that is probably.
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well-known for it’s the choice to see what other traders are doing amazing we don’t typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our money we can really say i wish to do exactly what that trader is doing or match that exact portfolio of choices and generally whenever they make a trade they buy they offer whatever they do your money will be simulated with it so that means if for instance 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 charges included truly crucial you understand what are the expenses of this now with any platform there will be some expense to obviously these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the no cost sites then might not charge you for in fact buying and selling etfs or funds private products private stocks.
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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 fees 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 understand prior to you really begin purchasing copy trading or copy portfolios and lastly some finest recommendations finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s kick off with fees really important to understand these now on there’s a number of fees there isn’t costs to do with actually buying and selling fine so commission fees are totally free nevertheless there are a couple of other fees the first one is withdrawal charges so you can clearly put money in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash so you offer your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m only withdrawing when i definitely need to now you might say fine 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 costs are just one of those alternatives that they have a lot of platforms obviously 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 once every 6 months you understand depends completely how you’re investing but that is a cost to bear in mind the 2nd cost that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’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 purchasing or even 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 two free trade anybody this is basic they have actually i suppose stuck with whatever cost they charge for that conversion rate you sort of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost exists what are they actually providing you in regards to 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 say provide me us dollars instead you need to pay their fees now the terrific aspect of though when you have actually converted your money you do not need to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s actually excellent utilizing that part of their site won’t definitely limit you in any way nevertheless we need to be aware of 2 other charges the very first being what’s called spread fees okay and i’m going to show you what i indicate on now a spread cost as i’m going to show you
on is basically the difference that belongs to the financial investment platform between the buy price and the list 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 value 599 per share in tesla that in fact suggests that when you want to purchase or offer as you can see it’s not the price you’re seeing up here let me show you that once again so the current cost of tesla is the value of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you whenever you do a buyer’s share so keep that in mind obviously it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you state okay 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 want to offer it which is how they make a little bit of cash on those spread out charges it’s usually exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit cash now the last feat is called an
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overnight charge now this is really essential if you’re really using cfds yourself as well an over night charge is when you’re refraining from doing that buy sell deal in the same day all right there’s then an overnight fee charged or even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which suggests you’re in fact buying the exact possession instead of utilizing leverage anyway you won’t get hit with these costs however these fees are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you go into the help area this isn’t the over night costs details you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only applies as i stated to cfds there are some service charges naturally depending upon what you are investing in as well this is on your own so keep that in mind however complete costs are totally within their help information alright and we talked about as well as free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever 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 really utilizing these copy operates they don’t have any additional charges on top of the regular fees that
exist now what you require to bear in mind though is these possibly managed by other individuals totally or often have produced portfolios you’ve got a real individual doing the management you need to ensure you choose the person that’s right for you similar to any line of work this is your monetary assets so we absolutely need to ensure it’s the best individual for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a number of different choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your credit card details or anything you can generally 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 utilizing your genuine money possibly this is an excellent alternative for you once again to evaluate the theories fine you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe have fun with it clearly you may have missed out on gains and losses throughout that time obviously if you had invested your real money it allows you to construct confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back 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 remember before you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i suggest by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply means am i okay with possibly losing a great amount of this financial investment or gaining as
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well now remember everything is ups and downs you will generate income you’ll lose cash that’s why they make the fact 75 people will lose money but that similarly suggests they’ll lose at some time in their journey certainly individuals do generate income too and i’ve got videos all about how you can make sure you are among the people to really earn money however in this circumstance make certain you research study your threat level would you be okay offering your cash to another person which is effectively what you’re doing and trusting them make sure you understand what they’re investing in fully if you’re somebody who isn’t wishing to be that risky do not select somebody who’s completely into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold and even oil plus more traditional 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 say you can really use this too really easily over here you can copy people now it will offer you a great deal of choices and you can utilize the system to in fact search for somebody that you fancy actually following so let’s see perhaps we want someone from united kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everybody who has actually met that requirements and it does offer you a risk 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 people that have quite high returns
remember 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 four or minus 50 there’s no 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 know ask you to validate are you alright with this and off you go now another way to really 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 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 great to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine really that i purchase too which is good so really for me knowing what i like to purchase 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 also got a little bit more um of the sort of primary food business and you’ve got you know pharmaceutical and production business as that. Cointracking Etoro Gdax.
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