Etoro Copy Trading Explained – Turtles of Trading

On this post you’ll find the answer to Etoro Copy Trading Explained….Concerns that i hear from brand-new investors what if you’re brand new to investing you simply don’t want to decide what you really want to invest and you want somebody to do it for you there’s just a couple of ways that that can take place the to start with you can work with an investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific funds are created once 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 as well now if you’re brand new to a total please remember this platform is rather advanced you can do cfds which naturally cfds are ways of investing

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with not really having the full amount of capital so with anything that you’re discovering please do study the platform do not simply 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 money they give that choice as well so you really get used to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re buying real business if you pick to in this specific video we’re talking about how to copy other people’s financial investments with your money so obviously your capital is at danger and we need to bear that in mind do not just do something because that individual has said they’ve made profit 14 months in a row purchase these options because you believe is the ideal ones for you and that being stated 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 option to see what other traders are doing extraordinary we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can in fact state i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and generally whenever they make a trade they purchase they offer whatever they do your money will be simulated with it so that suggests if for example 10 of their financial 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 charges included truly critical you comprehend what are the expenses of this now with any platform there will be some cost to obviously 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 zero cost websites then might not charge you for in fact buying and selling etfs or funds specific products private stocks.

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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 know prior to you in fact begin investing in copy trading or copy portfolios and lastly some best advice best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s kick off with charges actually essential to understand these now on there’s a couple of costs there isn’t fees to do with actually buying and selling all right so commission costs are complimentary however there are a couple of other costs the very first one is withdrawal fees so you can clearly put cash in now if you’re 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 in the future however when you wish to withdraw your money so you sell your shares you offer your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m just withdrawing when i definitely require to now you may state fine that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are just among those alternatives that they have a great deal of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every 6 months you know depends totally how you’re investing but that is a fee to bear in mind the second fee that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not an option to purchase in euros or uk and that’s great that suits me.

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a great deal of my stocks are us dollar stocks anyway 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 use anybody so if you’re utilizing trading 2 and two open market anyone at all this is basic they have i expect stuck with whatever cost they charge for that conversion rate you sort of need 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 offering you in regards to 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 say offer me us dollars instead you need to pay their fees now the fantastic aspect of though when you have actually transformed your cash you do not have to invest it immediately that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s truly great using that part of their site won’t definitely restrict you in any way however we need to understand two other costs the first being what’s called spread charges okay and i’m going to show you what i imply on now a spread cost as i’m going to reveal you

on is generally the difference that becomes part of the investment platform between the buy price and the list price alright 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 worth 599 per share in tesla that in fact indicates that when you wish to purchase or offer as you can see it’s not the cost you’re seeing up here let me show you that again so the current rate of tesla is the worth of a share what’s called spread costs is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of profit from you every time you do a buyer’s share so keep that in mind certainly it’s more expensive to buy 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 lot of platforms out there there’s a distinction between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread fees it’s usually extremely 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 bit money now the last accomplishment is called an

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overnight charge now this is really essential if you’re really utilizing cfds yourself as well an overnight cost is when you’re not doing that buy sell transaction in the very same day fine there’s then an overnight charge charged and even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which indicates you’re in fact buying the exact property rather than using leverage anyhow you will not get hit with these charges however these costs are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the very same day so let’s state if you enter into the assistance section this isn’t the overnight charges information you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that just uses as i said to cfds there are some surcharges obviously depending upon what you are investing in as well this is on your own so keep that in mind but complete charges are entirely within their help info alright and we spoke about 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 regular product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of really using these copy works they do not have any additional costs on top of the normal fees that

exist now what you need to bear in mind though is these possibly handled by other people totally or in some cases have developed portfolios you have actually got a genuine person doing the management you need to make sure you pick the individual that’s right for you similar to any type of work this is your monetary possessions so we absolutely need to ensure it’s the right individual for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of different alternatives 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 real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your credit card information or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with using your genuine money perhaps this is a terrific alternative for you once again to evaluate the theories okay you might wish to buy tesla or apple or this etf why not use the virtual alternative as a method to sort of safe play with it undoubtedly you may have lost out on gains and losses during that time obviously 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 actually how to copy people 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 sure you comprehend what your threat profile is now what do i suggest by that undoubtedly 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 indicates am i fine with potentially losing an excellent quantity of this investment or gaining as

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well now remember everything is downs and ups you will generate income you’ll lose cash that’s why they make the figure 75 people will lose cash but that equally suggests they’ll lose at some point in their journey clearly people do earn money too and i’ve got videos all about how you can ensure you are among the people to really generate income but in this circumstance make certain you research study your danger level would you be fine offering your money to someone else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re buying totally if you’re someone who isn’t wanting to be that dangerous don’t select 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 may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really utilize this too really quickly over here you can copy people now it will provide you a lot of options and you can utilize the system to in fact search for someone that you elegant really following so let’s see maybe we want someone from united kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has fulfilled that criteria and it does offer you a risk factor too so it tends to be the higher the number the more riskier they are with their stock investing now clearly 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 might 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 validate are you okay with this and off you go now another way to in fact deep dive if we click this person for example 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 quite 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 type of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is good so in fact for me understanding 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 seems to be what she chooses she’s likewise got a little bit more um of the type of primary food business and you have actually got you understand pharmaceutical and production business as that. Etoro Copy Trading Explained.

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