Etoro Account Setup – Turtles of Trading

On this post you’ll find the answer to Etoro Account Setup….Concerns that i hear from brand-new investors what if you’re brand new to investing you simply don’t want to choose what you really wish to invest and you want somebody to do it for you there’s just a couple of ways that that can happen the firstly you can employ a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is of course you can purchase mutual funds particular funds are produced 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 an overall please keep in mind this platform is quite advanced you can do cfds which obviously 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 do not just assume because i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that alternative as well so you in fact get utilized to the structure of the site 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 purchasing real business if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your money so clearly your capital is at threat and we have to bear that in mind do not just do something since that individual has said they have actually made revenue 14 months in a row buy these options due to the fact that you think is the best ones for you which 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 element that is most likely.

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popular for it’s the option to see what other traders are doing amazing we don’t typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can really state i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and basically whenever they make a trade they purchase 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 cash in so we’re going to also cover is the fees involved truly critical you understand 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 buying the selling for you there’s going to be charges involved and even a few of the no fee sites then might not charge you for really buying and selling etfs or funds private commodities private stocks.

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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing 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 costs with in particular in this video the next would be things to understand before you in fact start purchasing copy trading or copy portfolios and finally some best guidance finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s start with fees truly essential to understand these now on there’s a number of costs there isn’t fees to do with actually buying and selling okay so commission fees are free however there are a number of other charges the very first one is withdrawal fees so you can obviously 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 on but when you want to withdraw your money so you offer your shares you sell your products whatever you’re selling 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 might state fine that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are simply one of those alternatives 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 mainly it can be maybe even once a year when every 6 months you understand depends completely how you’re investing however that is a charge to remember the 2nd fee that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not a choice to purchase in euros or uk which’s great 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 great 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 open market anybody this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion charge exists what are they really providing you in terms of 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 rather you need to pay their fees now the excellent feature of however when you have actually transformed your money you do not need to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s actually excellent utilizing that part of their site won’t certainly limit you in any way however we have to know two other costs the first being what’s called spread charges all right and i’m going to show you what i imply on now a spread charge as i’m going to show you

on is basically the difference that belongs to the financial investment platform in between the buy rate and the list price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact implies that when you wish to sell or purchase as you can see it’s not the price you’re seeing up here let me reveal you that once again so the existing price of tesla is the value of a share what’s called spread costs is the distinction then really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of benefit from you every time you do a purchaser’s share so keep that in mind certainly it’s more costly to purchase than it is to offer so they’re going to provide you less back with your sale and you say fine 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 want to sell it and that is how they make a bit of cash on those spread fees 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 once again make a little bit cash now the last task is called an

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over night cost now this is really important if you’re really utilizing cfds yourself also an over night charge is when you’re not doing that buy sell transaction in the exact same day alright there’s then an overnight cost charged or perhaps if you go from the friday to the monday before 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 take advantage of which means you’re in fact buying the precise possession instead of utilizing leverage anyhow you will not get hit with these fees however these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these fees if you’re not buy offering in the same day so let’s state if you go into the help area this isn’t the over night fees info you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which just applies as i said to cfds there are some service charges obviously depending on what you are investing in too this is on your own so keep that in mind however full fees are completely within their help information all right and we discussed in addition to free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various methods of really using these copy functions they don’t have any additional fees on top of the typical fees that

are there now what you need to bear in mind though is these possibly managed by other individuals entirely or in some cases have actually created portfolios you’ve got a genuine person doing the management you have to ensure you choose the individual that’s right for you similar to any line of work this is your financial assets so we absolutely require to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of different choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your credit card details or anything you can basically have this virtual portfolio mimic as if you are utilizing your own money but actually buy pretend buy copy people whatever you like if you’re not

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feeling comfortable with utilizing your genuine cash perhaps this is an excellent choice for you once again to evaluate the theories alright you might want to buy tesla or apple or this etf why not use the virtual choice as a method to sort of safe have fun with it obviously you might have lost out on gains and losses during that time naturally if you had actually invested your real cash it permits you to build confidence comprehend the platform so that’s one option 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 keep in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i indicate by that certainly 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 run the risk of simply implies am i fine with potentially losing a great quantity of this financial investment or getting as

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well now keep in mind whatever is ups and downs you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose cash however that equally suggests they’ll lose eventually in their journey certainly people do generate income also and i have actually got videos all about how you can ensure you’re one of the people to really generate income but in this scenario make certain you research study your risk level would you be okay providing your money to somebody else which is successfully what you’re doing and trusting them make certain you comprehend what they’re purchasing fully if you’re somebody who isn’t wishing to be that dangerous do not select someone who’s entirely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong commodities

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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 state you can in fact utilize this too truly quickly over here you can copy individuals now it will offer you a great deal of choices and you can utilize the system to really search for somebody that you elegant in fact following so let’s see perhaps we desire somebody from unified kingdom um who buys let’s see who does etfs they’ve acquired 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 offer you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns

remember it’s like anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to guarantee 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 all right with this and off you go now another way to really 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 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 understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is excellent so in fact for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she chooses she’s also got a bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Account Setup.

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