Can You Really Make Money On Etoro – Turtles of Trading

On this post you’ll find the answer to Can You Really Make Money On Etoro….Concerns that i hear from brand-new financiers what if you’re brand new to investing you just do not want to choose what you really want to invest and you desire someone to do it for you there’s just a number of ways that that can take place the first off you can hire a financial investment portfolio manager they’ll typically charge a quite a high premium to do that maybe one or two percent of your profits will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 an overall please keep in mind this platform is quite sophisticated you can do cfds which of course cfds are ways of investing

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with not actually having the full amount of capital so with anything that you’re learning about please do study the platform don’t simply assume because i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual money 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 use your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in genuine business if you choose to in this specific video we’re discussing how to copy other people’s investments with your money so clearly your capital is at risk and we need to bear that in mind do not simply do something since that individual has actually said they have actually made earnings 14 months in a row purchase these choices because you think is the best ones for you and that being said let’s dive directly 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 amazing we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can actually say i wish to do precisely what that trader is doing or match that exact portfolio of choices and essentially whenever they make a trade they buy they offer whatever they do your cash will be mimicked 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 actually crucial you understand what are the expenses of this now with any platform there will be some cost to clearly these are genuine 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 absolutely no cost sites then might not charge you for really buying and selling etfs or funds specific products private stocks.

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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering 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 understand prior to you really begin buying copy trading or copy portfolios and lastly some finest guidance best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s kick off with costs really crucial to understand these now on there’s a couple of costs there isn’t charges to do with really buying and selling all right so commission charges are free however there are a couple of other charges the very first one is withdrawal charges so you can obviously put cash in now if you remain 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 in the future but when you wish to withdraw your money so you offer your shares you offer 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 of course knowing that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might say fine that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are simply one of those alternatives that they have a lot of platforms certainly 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 once every 6 months you understand depends completely how you’re investing but that is a charge to bear in mind the second fee that i have actually touched upon is that conversion charge now with you’re handling us dollars just there’s not an alternative to buy in euros or uk which’s fine that fits me.

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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading two and 2 open market anyone at all this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion cost is there what are they actually 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 provide me us dollars rather you need to pay their costs now the fantastic aspect of though when you have actually converted your cash you do not need 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 occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s really good utilizing that part of their site will not certainly limit you in any way nevertheless we need to know two other charges the first being what’s called spread charges fine and i’m going to reveal you what i mean on now a spread charge as i’m going to show you

on is basically the difference that belongs to the investment platform in between the buy cost and the 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 value 599 per share in tesla that really indicates that when you want to purchase or offer as you can see it’s not the price you’re seeing up here let me reveal you that again so the present rate of tesla is the value of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind clearly it’s more expensive to purchase than it is to offer so they’re going to provide 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 distinction in 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 costs it’s generally exceptionally 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 task is called an

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over night cost now this is really essential if you’re in fact using cfds yourself also an overnight cost is when you’re not doing that buy sell deal in the same day alright there’s then an overnight cost charged or even if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one utilize which implies you’re actually purchasing the precise possession instead of utilizing leverage anyhow you won’t get hit with these charges but these charges are if you’re utilizing utilize and cfds and after that you’re going to have these charges if you’re not buy selling in the very same day so let’s state if you enter into the assistance section this isn’t the overnight costs information 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 overnight or you’re doing over weekends and that just uses as i stated to cfds there are some surcharges of course depending upon what you are investing in too this is on your own so keep that in mind however full charges are entirely within their help details all right and we talked about as well as totally 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 whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different ways of really utilizing these copy works they do not have any extra charges on top of the typical charges that

are there now what you require to remember though is these possibly managed by other people completely or often have actually produced portfolios you’ve got a genuine person doing the management you have to make certain you select the person that’s right for you similar to any kind of work this is your financial possessions so we absolutely need to make sure it’s the ideal person for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple of different alternatives for us first off if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your credit card details or anything you can basically have this virtual portfolio simulate as if you are utilizing your own cash but actually buy pretend buy copy individuals whatever you like if you’re not

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feeling comfy with using your real money maybe this is a great alternative for you again to test the theories all right you might wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe play with it clearly you might have missed out on gains and losses during that time of course if you had invested your genuine money it permits you to construct 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 in fact how to copy people and copy portfolios now here’s something to remember prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i suggest by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply means am i all right with possibly losing a good amount of this financial investment or acquiring as

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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 people will lose money but that similarly implies they’ll lose at some time in their journey obviously individuals do earn money too and i’ve got videos everything about how you can ensure you are among the people to really generate income however in this scenario ensure you research study your risk level would you be fine providing your money to another person which is successfully what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re someone who isn’t wishing to be that dangerous don’t select somebody who’s totally into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong products

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like gold or even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact utilize this too really easily over here you can copy people now it will offer you a great deal of choices and you can use the system to really look for somebody that you elegant really following so let’s see possibly we want someone from united kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everybody who has fulfilled that criteria and it does provide you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have quite high returns

keep in mind it resembles 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 might make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you okay with this and off you go now another way to in fact deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she really purchasing so let’s go 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 know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got a few of mine actually that i buy too which is good so really for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s also got a bit more um of the type of main food companies and you have actually got you understand pharmaceutical and production companies as that. Can You Really Make Money On Etoro.

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