So today on Iwata well be talking about Usdcad Etoro….Questions that i speak with new financiers what if you’re brand new to investing you merely do not want to decide what you actually want to invest and you want someone to do it for you there’s just a number of manner ins which that can happen the first off you can work with a financial investment portfolio manager they’ll normally charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is naturally you can purchase 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 also now if you’re brand new to an overall please bear in mind this platform is rather advanced you can do cfds which naturally cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform do not simply presume due to the fact that i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they give that option too so you really get utilized to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in genuine 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 certainly your capital is at danger and we have to bear that in mind do not just do something because that person has actually said they have actually made earnings 14 months in a row purchase these options since you believe is the right ones for you and that being said let’s dive straight 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 becomes part of social trading which is one aspect that is most likely.
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popular for it’s the alternative to see what other traders are doing incredible we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can in fact state i want to do precisely what that trader is doing or match that precise portfolio of choices and essentially every time they make a trade they buy they sell whatever they do your money will be simulated with it so that means if for instance 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 also cover is the fees included truly important you understand 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 buying the selling for you there’s going to be charges involved and even a few of the no cost sites then may not charge you for in fact buying and selling funds or etfs individual products private stocks.
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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 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 know prior to you in fact begin buying copy trading or copy portfolios and lastly some finest recommendations best practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s begin with fees actually important to comprehend these now on there’s a number of costs there isn’t fees to do with actually buying and selling alright so commission fees are 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 instantly converted into us dollars and i’ll cover a little point about that later on however when you wish 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 5 dollars per withdrawal so for me naturally knowing that i’m going to make sure that i’m just withdrawing when i absolutely need to now you might state alright that’s quite pricey 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 alternatives that they have a lot of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every 6 months you know depends entirely how you’re investing however that is a cost to keep in mind the second cost that i have actually touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m excellent 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 two open market anyone at all this is standard they have actually i expect stuck to 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 charge exists what are they really offering 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 offer me us dollars instead you have to pay their charges now the excellent aspect of however when you have actually 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 additional charges so that’s actually excellent utilizing that part of their site won’t certainly limit you in any way nevertheless we need to be aware of two other fees the first being what’s called spread fees 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 distinction that belongs to the investment platform in between the buy rate and the 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 right now tesla’s dollar worth 599 per share in tesla that actually indicates that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present cost of tesla is the worth of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to offer so they’re going to offer you less back with your sale and you state okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference 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 charges it’s normally incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit cash now the last feat is called an
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over night fee now this is actually essential if you’re in fact using cfds yourself also an over night cost is when you’re not doing that buy sell transaction in the exact same day fine there’s then an overnight fee charged or even if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one leverage which indicates you’re in fact buying the exact asset instead of using leverage anyhow you will not get hit with these charges but these fees are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the same day so let’s state if you enter into the help area this isn’t the overnight costs 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 only uses as i stated to cfds there are some surcharges obviously depending on what you are buying also this is on your own so keep that in mind however complete costs are entirely within their help details okay and we discussed as well as 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 product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two various ways of in fact using these copy works they do not have any extra fees on top of the typical charges that
exist now what you need to bear in mind though is these possibly handled by other people entirely or in some cases have actually produced portfolios you have actually got a real individual doing the management you have to make sure you pick the individual that’s right for you much like any line of work this is your monetary possessions so we definitely need to ensure it’s the ideal person for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of various alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine 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 credit card information or anything you can generally have this virtual portfolio imitate as if you are using your own cash but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money possibly this is a terrific choice for you once again to test the theories fine you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe have fun with it certainly you may have missed out on gains and losses throughout that time of course if you had invested your genuine money it enables you to build self-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 really how to copy individuals and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i suggest by that obviously 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 run the risk of simply suggests am i okay with possibly losing a good quantity of this financial investment or getting as
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well now remember everything is ups and downs you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose money but that similarly indicates they’ll lose eventually in their journey undoubtedly people do generate income also and i have actually got videos everything about how you can make certain you’re one of individuals to in fact earn money however in this situation make sure you research study your threat level would you be fine giving your cash to someone 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 wanting to be that risky do not select someone who’s completely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong commodities
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like gold and even oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually utilize this too actually quickly over here you can copy individuals now it will offer you a great deal of options and you can utilize the system to in fact search for somebody that you elegant in fact following so let’s see possibly we want somebody from joined kingdom um who invests in let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everybody who has fulfilled that requirements and it does give you a danger 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 people that have rather high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not mean somebody 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 understand ask you to confirm are you all right with this and off you go now another method to really 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 in fact buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s absolutely 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 actually 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 companies that appears to be what she prefers she’s also got a little bit more um of the kind of main food companies and you have actually got you know pharmaceutical and production business as that. Usdcad Etoro.
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