Etoro Chat – Turtles of Trading

On this post you’ll find the answer to Etoro Chat….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely do not want to choose what you in fact want to invest and you want somebody to do it for you there’s just a couple of ways that that can happen the first of all you can work with an investment portfolio supervisor they’ll usually charge a quite a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is of course you can buy 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 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 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 due to the fact that 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 give that choice also so you actually get used to the structure of the website 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 threat this is investing we’re doing you’re investing in genuine business if you choose to in this specific video we’re discussing how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not simply do something since that individual has stated they have actually made profit 14 months in a row buy these choices due to the fact that you believe is the ideal ones for you which being stated let’s dive straight in [Music] so 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 element that is probably.

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famous for it’s the option to see what other traders are doing unbelievable we don’t typically 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 state i wish to do precisely what that trader is doing or match that precise portfolio of options and generally whenever they make a trade they purchase they sell whatever they do your cash will be simulated 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 included actually crucial you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero fee websites then might not charge you for really buying and selling funds or etfs individual commodities specific stocks.

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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to understand prior to you actually begin buying copy trading or copy portfolios and lastly some best guidance best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s begin with fees really crucial to comprehend these now on there’s a number of fees there isn’t charges to do with really buying and selling alright so commission costs are totally free however there are a number of other fees the first one is withdrawal costs 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 on but when you want to withdraw your money so you offer your shares you offer your products whatever you’re selling the minimum amount 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 only withdrawing when i definitely need to now you may say okay that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply one of those alternatives that they have a great deal of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every 6 months you understand depends completely how you’re investing but that is a charge to keep in mind the 2nd fee that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk which’s fine that suits me.

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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading 2 and 2 open market anyone at all this is basic they have i expect stuck to whatever cost they charge for that conversion rate you kind of have to accept you know if you wish to use their platform go from uk to us then that conversion cost exists what are they in fact giving 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 offer me us dollars instead you need to pay their costs now the excellent thing about however when you’ve converted your money you do not have to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that suggests 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 extra costs so that’s actually excellent using that part of their website will not definitely restrict you in any way nevertheless we have to be aware of two other fees the first being what’s called spread costs alright and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you

on is generally the difference that becomes part of the investment platform in between the buy cost 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 right now tesla’s dollar value 599 per share in tesla that actually means that when you wish to purchase or sell as you can see it’s not the price you’re seeing up here let me reveal you that once again so the present price of tesla is the worth 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 all over this is another manner in which they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind certainly 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 state all right well why does that happen 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 sell it which is how they make a little bit of cash on those spread out fees it’s usually incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a bit money now the last feat is called an

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over night fee now this is really crucial if you’re actually utilizing cfds yourself as well an overnight charge is when you’re not doing that buy sell deal in the exact same day okay there’s then an over night cost charged or perhaps 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 product and using time one leverage which means you’re actually buying the precise asset instead of using utilize anyway you will not get hit with these fees but these charges are if you’re using leverage and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s say if you enter into the assistance section this isn’t the over night charges details 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 additional charges of course depending on what you are buying as well this is on your own so keep that in mind however full fees are totally within their aid info fine and we spoke about in addition to complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of in fact utilizing these copy works they do not have any extra costs on top of the typical fees that

are there now what you require to bear in mind though is these potentially managed by other individuals completely or sometimes have actually produced portfolios you have actually got a genuine individual doing the management you need to ensure you choose the person that’s right for you much like any line of work this is your monetary possessions so we absolutely need to make sure 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 utilize this function we’ve got a couple of different options for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money 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 need to put in your credit card details or anything you can generally have this virtual portfolio simulate as if you are using your own cash but really buy pretend buy copy individuals whatever you like if you’re not

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feeling comfy with using your real cash possibly this is a fantastic option for you once again to evaluate the theories okay you may want to purchase tesla or apple or this etf why not use the virtual alternative as a way to kind of safe play with it clearly you might have lost out on gains and losses throughout that time obviously if you had invested your real money it permits you to build self-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 actually how to copy people and copy portfolios now here’s something to bear in mind before you select somebody 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 indicate by that obviously 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 just indicates am i all right with potentially losing a good quantity of this investment or acquiring as

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well now keep in mind whatever is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose cash but that similarly implies they’ll lose at some time in their journey clearly individuals do earn money as well and i’ve got videos all about how you can make certain you’re one of the people to actually earn money however in this scenario make sure you research your risk level would you be fine offering your money to somebody else which is successfully what you’re doing and trusting them make sure you understand what they’re investing in completely if you’re somebody who isn’t wanting to be that risky don’t choose somebody who’s completely into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong commodities

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like gold or perhaps oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can really utilize this too truly quickly over here you can copy individuals now it will offer you a great deal of options and you can use the system to actually look for someone that you elegant really following so let’s see maybe we desire somebody from united 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 great amount and i can find everybody who has fulfilled that requirements and it does provide you a risk aspect as well 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 rather high returns

remember it resembles anything to do with the news or predictions of the future this does not imply 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 easy as clicking the copy button and off you go and after that you understand ask you to validate are you fine 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 bit so that’s good to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine really that i buy too which is good so really for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s also got a little bit more um of the kind of primary food business and you have actually got you understand pharmaceutical and production business as that. Etoro Chat.

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