Can You Lie About Your Age On Etoro – Turtles of Trading

On this post you’ll find the answer to Can You Lie About Your Age On Etoro….Questions that i hear from brand-new financiers what if you’re brand new to investing you merely don’t want to decide what you in fact wish to invest and you desire someone to do it for you there’s only a couple of ways that that can occur the first of all you can hire a financial investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is of course you can buy mutual funds particular funds are produced 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 innovative you can do cfds which of course cfds are ways of investing

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with not actually having the total of capital so with anything that you’re learning more about please do study the platform don’t simply presume due to the fact that i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they give that option as well so you really get used to the structure of the website and after that when you’re ready to utilize your own cash 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 companies if you select to in this specific video we’re talking about how to copy other individuals’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 because that individual has actually said they’ve made profit 14 months in a row invest in these choices since you believe is the right ones for you and that being stated let’s dive directly in [Music] The 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 most likely.

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well-known for it’s the alternative to see what other traders are doing extraordinary we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can in fact state i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and basically every time they make a trade they buy they offer whatever they do your money will be mimicked with it so that implies if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs included truly crucial you understand what are the expenses of this now with any platform there will be some expense to certainly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the no charge websites then may not charge you for in fact buying and selling funds or etfs specific products specific stocks.

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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know prior to you actually start purchasing copy trading or copy portfolios and lastly some finest advice finest practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s begin with fees really important to understand these now on there’s a couple of charges there isn’t charges to do with really buying and selling okay so commission costs are free however 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 automatically 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 obviously understanding that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may state okay that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are just among those choices that they have a lot of platforms undoubtedly are complimentary to do such things has this 5 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 totally how you’re investing but that is a fee to keep in mind the second charge that i’ve touched upon is that conversion fee now with you’re dealing in us dollars just there’s not an option to purchase 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 purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and 2 open market anybody this is standard they have i suppose stuck to whatever cost they charge for that conversion rate you sort of need to accept you understand if you want to use their platform go from uk to us then that conversion fee is there what are they in fact 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 state offer me us dollars instead you have to pay their fees now the fantastic thing about however when you’ve converted your money you do not have to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s actually great utilizing that part of their website will not certainly restrict you in any way nevertheless we have to know 2 other costs the first being what’s called spread charges alright and i’m going to show you what i imply on now a spread fee as i’m going to show you

on is basically the distinction that belongs to the investment platform in between the buy price and the sale price all right it’s their premium on doing both those two 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 implies that when you want to buy 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 present cost 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 discover this everywhere this is another manner in which they make a small amount of benefit from you whenever you do a buyer’s share so keep that in mind obviously it’s more expensive to purchase than it is to offer so they’re going to give you less back with your sale and you state alright well why does that happen it simply 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 bit of cash on those spread out costs it’s usually incredibly 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 bit money now the last task is called an

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overnight cost now this is really essential if you’re in fact using cfds yourself also an overnight fee is when you’re not doing that buy sell deal in the same day okay there’s then an overnight cost charged or perhaps if you go from the friday to the monday prior to sailing 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 suggests you’re in fact buying the exact property rather than utilizing take advantage of anyhow you will not get hit with these fees but these costs are if you’re using leverage and cfds and after that you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you go into the assistance section this isn’t the over night charges information you can see precisely 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 uses as i said to cfds there are some additional charges obviously depending on what you are investing in as well this is on your own so keep that in mind but full fees are totally within their help info alright and we discussed in addition to free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of in fact utilizing these copy functions they do not have any extra fees on top of the regular fees that

are there now what you need to remember though is these possibly managed by other individuals completely or in some cases have created portfolios you have actually got a real person doing the management you need to ensure you select the person that’s right for you just like any line of work this is your financial properties so we definitely require to ensure it’s the right individual for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of different alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your charge card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own money but in fact purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfy with using your genuine cash possibly this is a terrific alternative for you again to test the theories alright you may want to purchase tesla or apple or this etf why not use the virtual option as a method to kind of safe have fun with it undoubtedly you may have lost out on gains and losses throughout that time obviously if you had invested your genuine money it enables you to develop self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back 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 keep in mind before you choose 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 indicate by that undoubtedly 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 fine with potentially losing an excellent quantity of this 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 figure 75 people will lose cash however that similarly implies they’ll lose eventually in their journey undoubtedly people do generate income as well and i’ve got videos everything about how you can make sure you’re one of individuals to in fact earn money however in this situation ensure you research your danger level would you be fine giving your money to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re someone who isn’t wanting to be that risky don’t pick someone who’s completely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong commodities

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like gold or perhaps oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually utilize this too truly easily over here you can copy individuals now it will provide you a great deal of choices and you can use the system to actually look for somebody that you elegant really following so let’s see maybe we desire someone from united kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has actually met that criteria and it does give you a threat 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 individuals 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 4 or minus 50 there’s no chance to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to verify are you all right with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she really buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine really that i invest in too which is good so really for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s likewise got a little bit more um of the type of primary food business and you have actually got you know pharmaceutical and production business as that. Can You Lie About Your Age On Etoro.

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