David Ring Etoro – Turtles of Trading

On this post you’ll find the answer to David Ring Etoro….Concerns that i hear from brand-new financiers what if you’re brand new to investing you simply do not wish to decide what you in fact wish to invest and you want someone to do it for you there’s only a couple of ways that that can take place the first off you can employ an investment portfolio manager they’ll typically charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is obviously you can purchase 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 as well now if you’re brand new to a total please keep in mind this platform is quite innovative you can do cfds which naturally cfds are ways of investing

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with not really having the total of capital so with anything that you’re learning more about please do study the platform do not just assume since i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that option also so you really get used to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying real business if you pick to in this specific video we’re discussing how to copy other individuals’s financial investments with your cash so certainly your capital is at danger and we have to bear that in mind do not just do something since that individual has stated they have actually made profit 14 months in a row invest in these options because 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 aspect that is most likely.

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well-known for it’s the alternative to see what other traders are doing incredible 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 means with our cash we can really say i wish to do exactly what that trader is doing or match that exact portfolio of choices and generally each time they make a trade they buy they offer whatever they do your cash will be simulated 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 money in so we’re going to also cover is the fees included actually important you comprehend 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 a few of the absolutely no fee websites then may not charge you for actually buying and selling funds or etfs individual products specific stocks.

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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand before you actually start investing in copy trading or copy portfolios and finally some finest suggestions finest practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s kick off with costs really crucial to understand these now on there’s a number of charges there isn’t costs to do with actually buying and selling all right so commission costs are totally free however there are a number of other costs the very first one is withdrawal fees so you can undoubtedly 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 but when you want to withdraw your cash so you sell your shares you offer your commodities whatever you’re selling 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 make certain 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 have to charge costs somewhere and withdrawal fees are just one of those alternatives that they have a lot of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every 6 months you understand depends entirely how you’re investing but that is a cost to bear in mind the second charge that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s fine that matches me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading 2 and 2 open market anyone at all this is standard they have i expect stuck to whatever fee they charge for that conversion rate you type of have to accept you know if you want to use their platform go from uk to us then that conversion cost exists what are they actually providing 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 offer me us dollars rather you have to pay their fees now the fantastic feature of however when you’ve converted your cash you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the preliminary 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 costs so that’s really good using that part of their site will not definitely limit you in any way however we need to understand two other charges the very first being what’s called spread costs fine and i’m going to show you what i indicate on now a spread charge as i’m going to show you

on is essentially the difference that belongs to the financial investment platform in between the buy cost and the list price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that actually suggests that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing cost of tesla is the worth of a share what’s called spread fees is the distinction 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 profit from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to sell so they’re going to offer you less back with your sale and you say alright well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference 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 costs it’s generally incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit money now the last feat is called an

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over night charge now this is truly important if you’re really using cfds yourself as well an over night fee is when you’re not doing that buy sell deal in the exact same day all right there’s then an over night fee charged and even if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which means you’re really buying the specific property rather than using utilize anyhow you will not get hit with these charges but these fees are if you’re utilizing utilize and cfds and after that you’re going to have these costs if you’re not buy selling in the exact same day so let’s say if you go into the help section this isn’t the overnight fees information you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that just applies as i stated to cfds there are some service charges obviously depending upon what you are purchasing as well this is on your own so keep that in mind but complete fees are completely within their help info okay and we discussed as well as free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of really using these copy works they do not have any extra charges on top of the normal fees that

are there now what you need to keep in mind though is these potentially managed by other people entirely or sometimes have developed portfolios you’ve got a genuine person doing the management you need to make certain you select the individual that’s right for you just like any type of work this is your monetary properties so we definitely require to make certain it’s the right person for us prior to 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 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 choice 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 money that you’re investing you won’t require to put in your credit card information or anything you can essentially have this virtual portfolio mimic 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 comfortable with using your real money maybe this is a great choice for you once again to evaluate the theories fine you might wish to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it clearly you might have lost out on gains and losses throughout that time obviously if you had actually invested your genuine money it allows you to build confidence understand the platform so that’s one alternative for you then next week and i’m going to return 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 someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i indicate 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 risk simply suggests am i okay with potentially losing a great quantity of this investment or acquiring as

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well now remember everything is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose cash but that similarly implies they’ll lose at some point in their journey undoubtedly people do make money too and i have actually got videos all about how you can ensure you’re one of individuals to actually generate income but in this circumstance ensure you research your danger level would you be all right giving your money to another person which is effectively what you’re doing and trusting them make certain you understand what they’re buying fully if you’re somebody who isn’t wanting to be that risky do not choose somebody who’s totally into crypto or currency conversion consider it you ‘d probably want a backbone of strong products

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like gold or perhaps oil plus more traditional etfs and index funds you might 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 give you a lot of options and you can utilize the system to in fact look for someone that you elegant really following so let’s see perhaps we desire someone from united kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everyone who has actually met that criteria and it does offer you a danger element 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 number of individuals that have quite high returns

keep in mind it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they might make 4 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 know ask you to verify are you alright with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she actually 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 excellent to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is good so actually for me understanding what i like to invest in 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 also got a bit more um of the sort of primary food companies and you have actually got you understand pharmaceutical and production business as that. David Ring Etoro.

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