Destination Tag Etoro – Turtles of Trading

On this post you’ll find the answer to Destination Tag Etoro….Questions that i hear from new financiers what if you’re brand new to investing you merely do not want to decide what you actually wish to invest and you desire someone to do it for you there’s only a number of manner ins which that can occur the firstly you can employ an investment portfolio supervisor they’ll typically charge a quite a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is naturally you can purchase mutual funds specific funds are developed 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 too now if you’re brand new to a total please remember this platform is quite innovative you can do cfds which of course cfds are ways of investing

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with not really having the full amount of capital so with anything that you’re learning about please do study the platform don’t simply presume due to the fact that 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 cash they consider that option too so you really get used to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re purchasing real business if you pick to in this specific video we’re speaking about how to copy other people’s financial investments with your cash so undoubtedly your capital is at threat and we have to bear that in mind do not just do something because that individual has stated they’ve made earnings 14 months in a row buy these options since you believe is the ideal ones for you which 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 aspect that is most likely.

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famous for it’s the choice to see what other traders are doing incredible we don’t typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can actually say i want to do precisely what that trader is doing or match that precise portfolio of choices and generally whenever they make a trade they buy they sell whatever they do your cash will be imitated with it so that means if for example 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 involved truly important you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no fee 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 changing from uk to u.s dollars there’s all sort of charges 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 really start investing in copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s kick off with costs truly important to understand these now on there’s a number of charges there isn’t fees to do with in fact buying and selling all right so commission costs are totally free however there are a number of other fees the first one is withdrawal charges so you can clearly put money in now if you remain in the uk we put our uk cash.

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and it’s instantly converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your cash so you offer your shares you sell your products 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 naturally knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may state fine that’s rather costly and i get that however 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 totally free 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 know depends entirely how you’re investing however that is a fee 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 a choice to buy in euros or uk and that’s fine that suits me.

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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading 2 and 2 free trade anyone at all this is standard they have i suppose stuck with whatever fee they charge for that conversion rate you sort of have 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 actually providing 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 charges now the fantastic thing about however when you have actually converted your cash you do not need to invest it right away that dollar worth can sit in your portfolio as money 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 truly good using that part of their site will not certainly limit you in any way however we have to know two other charges the first being what’s called spread fees alright and i’m going to show you what i indicate on now a spread cost as i’m going to show you

on is essentially the difference that belongs to the financial investment platform in between the buy rate and the sale price okay 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 value 599 per share in tesla that in fact indicates that when you want to sell or purchase as you can see it’s not the price 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 costs is the difference then in fact to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of benefit from you whenever you do a purchaser’s share so keep that in mind clearly it’s more costly 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 occur it just does that is the nature of a great deal of platforms out there there’s a distinction 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 costs it’s typically exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit money now the last task is called an

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over night cost now this is truly crucial if you’re really using cfds yourself also an overnight charge is when you’re refraining from doing that buy sell deal in the same day all right there’s then an over night cost charged or even if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which indicates you’re really purchasing the precise asset instead of utilizing take advantage of anyhow you won’t get hit with these fees but these fees are if you’re using take advantage of and cfds and after that you’re going to have these fees if you’re not buy selling in the same day so let’s say if you enter into the assistance area this isn’t the over night costs details 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 over night or you’re doing over weekends which only applies as i said to cfds there are some service charges of course depending upon what you are investing in also this is on your own so keep that in mind but complete costs are entirely within their aid info okay and we discussed along with free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything 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 methods of really utilizing these copy works they don’t have any extra charges on top of the regular charges that

exist now what you require to remember though is these potentially managed by other people totally or sometimes have actually developed portfolios you have actually got a real individual doing the management you need to ensure you select the individual that’s right for you similar to any kind of work this is your financial assets so we absolutely need to make sure it’s the best person for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of different choices 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 believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your credit card details or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money however really purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfy with using your real cash maybe this is an excellent alternative for you again to test the theories fine you may want to buy tesla or apple or this etf why not utilize the virtual choice as a way to type of safe play with it clearly you may have missed out on gains and losses during that time of course if you had invested your real money it enables you to build confidence understand the platform so that’s one option 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 keep in mind before you select 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 clearly 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 implies am i okay with possibly losing a good quantity of this investment or gaining as

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well now remember whatever is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose money but that equally indicates they’ll lose at some time in their journey certainly individuals do make money too and i have actually got videos all about how you can make sure you’re one of the people to actually generate income but in this scenario ensure you research study your danger level would you be all right offering your money to someone else which is successfully what you’re doing and trusting them make sure you comprehend what they’re investing in completely if you’re somebody who isn’t wanting to be that risky don’t pick somebody who’s entirely into crypto or currency conversion think about it you ‘d probably want a foundation of strong products

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like gold or even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact utilize this too really quickly over here you can copy individuals now it will give you a great deal of options and you can use the system to actually look for somebody that you fancy in fact following so let’s see perhaps we want someone from joined kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has actually fulfilled that criteria and it does offer you a danger aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns

keep in mind it’s like anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to validate are you okay with this and off you go now another method to actually 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 really purchasing 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 great to know ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is great so actually for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s likewise got a bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production companies as that. Destination Tag Etoro.

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