Etoro Automated Trading Bad Idea – Turtles of Trading

On this post you’ll find the answer to Etoro Automated Trading Bad Idea….Questions that i hear from new investors what if you’re brand new to investing you merely don’t want to decide what you really want to invest and you desire someone to do it for you there’s just a couple of manner ins which that can happen the first of all you can hire a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is obviously you can buy mutual funds specific funds are produced once 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 bear in mind this platform is rather sophisticated you can do cfds which obviously 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 more about please do study the platform do not just assume because i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they consider that choice also so you really get utilized 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 obviously your capital is at danger this is investing we’re doing you’re purchasing real business if you select to in this particular video we’re talking about how to copy other people’s investments with your money so obviously your capital is at threat and we need to bear that in mind do not just do something since that person has actually stated they’ve made revenue 14 months in a row invest in these options since you think is the ideal ones for you which being stated 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 probably.

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popular for it’s the alternative 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 indicates with our money we can in fact state i want to do precisely what that trader is doing or match that specific portfolio of alternatives and generally every time they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that indicates if for example 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 costs involved actually crucial you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no fee sites then might not charge you for really buying and selling etfs or funds private products specific stocks.

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there’ll be charges on other parts possibly 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 show you the costs 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 finest suggestions best practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s kick off with fees truly essential to understand these now on there’s a number of fees there isn’t fees to do with really buying and selling okay so commission charges are totally free however there are a couple of other charges the first one is withdrawal charges so you can undoubtedly put cash in now if you’re in the uk we put our uk money.

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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 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 just withdrawing when i absolutely require to now you may say fine that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are simply one of those options that they have a great deal of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every six months you understand depends entirely how you’re investing however that is a fee to bear in mind the 2nd charge that i have actually touched upon is that conversion fee now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk which’s great that matches me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re utilizing trading 2 and two free trade anyone at all this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you kind of have 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 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 state provide me us dollars instead you have to pay their fees now the excellent feature of though when you have actually transformed your cash you do not need to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that implies the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s truly excellent utilizing that part of their website won’t certainly restrict you in any way nevertheless we have to be aware of two other fees the very first being what’s called spread charges fine and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you

on is basically the distinction that belongs to the 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 site right now tesla’s dollar value 599 per share in tesla that really implies that when you want to sell or buy as you can see it’s not the rate you’re seeing up here let me show you that again so the current price of tesla is the value of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of profit 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 sell so they’re going to give you less back with your sale and you state all right well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to offer it which is how they make a bit of cash on those spread out fees it’s usually exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit money now the last accomplishment is called an

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overnight charge now this is truly crucial if you’re in fact using cfds yourself also an over night fee is when you’re refraining from doing that buy sell transaction in the same day all right there’s then an overnight fee charged or even if you go from the friday to the monday before sailing a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which indicates you’re in fact buying the specific possession instead of using leverage anyhow you will not get hit with these fees however these costs 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 same day so let’s state if you enter into the aid section this isn’t the over night fees information you can see precisely the breakdown and it’ll inform 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 uses as i stated to cfds there are some service charges naturally depending upon what you are buying as well this is on your own so keep that in mind however full fees are entirely within their aid information fine and we discussed in addition to totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of in fact using these copy functions they don’t have any extra costs on top of the regular charges that

are there now what you require to remember though is these possibly managed by other individuals completely or in some cases have produced portfolios you’ve got a real individual 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 financial properties so we definitely need to make sure it’s the ideal individual for us prior to 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 real money or a virtual platform virtual means i think 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 information or anything you can basically have this virtual portfolio mimic as if you are using 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 real money perhaps this is a terrific alternative for you again to evaluate the theories alright you might want to buy tesla or apple or this etf why not use the virtual option as a way to sort of safe have fun with it certainly you may have missed out on gains and losses throughout that time obviously if you had invested your genuine cash it allows 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 genuine portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to remember before you select someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i mean by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply indicates am i all right with potentially losing a great amount of this financial investment or acquiring as

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well now keep in mind whatever is downs and ups you will generate income you’ll lose cash that’s why they make the fact 75 people will lose money however that similarly implies they’ll lose eventually in their journey clearly people do generate income as well and i have actually got videos all about how you can make certain you are among the people to really generate income however in this scenario ensure you research study your danger level would you be alright offering your money to someone else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re investing in totally if you’re someone who isn’t wanting to be that risky don’t pick someone who’s completely into crypto or currency conversion think of it you ‘d probably want a backbone 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 same with who you’re following now as i say you can actually use this too truly easily over here you can copy people now it will offer you a lot of choices and you can utilize the system to in fact search for someone that you elegant in fact following so let’s see maybe we want someone from joined kingdom um who invests in let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has met that requirements and it does give 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 obviously there are a variety of people 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 indicate someone 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 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 really deep dive into what is she in fact purchasing so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine really that i buy too which is great so in fact for me understanding what i like to invest in 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 little bit more um of the kind of main food business and you’ve got you know pharmaceutical and production companies as that. Etoro Automated Trading Bad Idea.

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