Etoro App Explained – Turtles of Trading

On this post you’ll find the answer to Etoro App Explained….Questions that i hear from new investors what if you’re brand new to investing you merely do not want to choose what you actually want to invest and you want somebody to do it for you there’s only a couple of ways that that can happen the to start with you can employ an investment portfolio supervisor they’ll generally charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is obviously you can buy mutual funds particular funds are developed again with an account supervisor 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 keep in mind this platform is quite sophisticated you can do cfds which obviously cfds are ways of investing

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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform don’t simply assume since 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 money they consider that option also so you in fact get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re buying genuine business if you choose to in this particular video we’re talking about how to copy other individuals’s financial investments with your cash so clearly your capital is at threat and we have to bear that in mind do not just do something because that person has stated they’ve made profit 14 months in a row buy these options since you think is the right ones for you which being stated let’s dive straight 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 probably.

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famous for it’s the alternative to see what other traders are doing extraordinary we don’t generally 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 say i wish to do precisely what that trader is doing or match that specific portfolio of options and generally every time they make a trade they purchase they sell 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 also cover is the fees included truly critical you comprehend 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 websites then might not charge you for actually buying and selling funds or etfs private commodities private stocks.

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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges 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 actually begin purchasing copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s kick off with costs really important to understand these now on there’s a couple of costs there isn’t costs to do with in fact buying and selling alright so commission charges are totally free nevertheless there are a couple of other charges the very first one is withdrawal costs 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 immediately 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 sell your shares you sell your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m only withdrawing when i absolutely need to now you may say all right that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are simply among those alternatives that they have a lot of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every 6 months you know depends completely how you’re investing however that is a cost to remember the second cost that i’ve touched upon is that conversion charge now with you’re handling us dollars only there’s not an alternative to buy in euros or uk and that’s great that suits me.

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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading 2 and two free trade anybody this is basic they have i expect stuck with whatever cost they charge for that conversion rate you type of need to accept you understand if you want to utilize their platform go from uk to us then that conversion charge is there what are they actually offering 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 charges now the fantastic feature of however when you’ve converted your cash you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s truly great utilizing that part of their site will not certainly limit you in any way nevertheless we have to understand 2 other fees the first being what’s called spread costs alright and i’m going to show you what i mean 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 rate and the sale price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that actually implies that when you want to purchase or sell as you can see it’s not the rate you’re seeing up here let me reveal you that again so the current cost of tesla is the worth of a share what’s called spread fees is the difference then really to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of make money from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to offer so they’re going to offer you less back with your sale and you say okay 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 wish to sell it and that is how they make a bit of cash on those spread out charges it’s typically exceptionally 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 bit cash now the last task is called an

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overnight fee now this is truly crucial if you’re really utilizing cfds yourself also an over night charge is when you’re not doing that buy sell deal in the same day alright there’s then an overnight cost charged and 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 really buying out the etf the stock the commodity and utilizing time one leverage which suggests you’re in fact buying the exact asset rather than using utilize anyhow you won’t get hit with these fees but these charges are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the assistance section this isn’t the overnight fees 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 just applies as i stated to cfds there are some service charges naturally depending on what you are purchasing also this is on your own so keep that in mind however complete costs are completely within their aid details fine and we spoke about 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 commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different ways of actually using these copy operates they do not have any additional fees on top of the typical fees that

are there now what you require to keep in mind though is these possibly handled by other individuals entirely or sometimes have actually developed portfolios you have actually got a genuine person doing the management you need to ensure you select the person that’s right for you similar to any line of work this is your monetary assets so we absolutely require to ensure it’s the best individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number 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 think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can basically have this virtual portfolio simulate as if you are using your own money but actually purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with using your genuine cash perhaps this is an excellent option for you again to test the theories okay you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a method to type of safe have fun with it obviously you may have missed out on gains and losses throughout that time obviously if you had invested your real money it allows you to construct self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i mean by that obviously 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 means am i alright with possibly losing a good quantity of this financial investment or getting as

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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the statistic 75 people will lose cash but that equally implies they’ll lose eventually in their journey clearly people do generate income also and i’ve got videos everything about how you can ensure you are among individuals to actually earn money but in this scenario ensure you research your danger level would you be alright giving your cash to someone else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re buying completely if you’re somebody who isn’t wishing to be that risky do not select somebody who’s completely into crypto or currency conversion consider it you ‘d probably want a foundation of strong products

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like gold and even oil plus more standard 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 state you can actually use this too actually easily over here you can copy individuals now it will give you a lot of options and you can use the system to really look for someone that you expensive in fact following so let’s see possibly we desire somebody from united kingdom um who buys let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can find everyone who has fulfilled that requirements and it does offer you a threat factor also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of individuals that have rather high returns

keep 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 four or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that 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 in fact deep dive into what is she actually 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 good to understand ibm paypal yep she’s absolutely 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 great so in fact for me understanding what i like to invest in my specific 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 type of main food companies and you have actually got you understand pharmaceutical and production business as that. Etoro App Explained.

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