Etoro Faq – Turtles of Trading

On this post you’ll find the answer to Etoro Faq….Concerns that i speak with brand-new financiers what if you’re brand new to investing you merely do not want to choose what you really wish to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can happen the first off you can hire an investment portfolio manager they’ll generally charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is of course you can buy mutual funds specific funds are created 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 an overall please bear in mind this platform is quite sophisticated you can do cfds which obviously cfds are ways of investing

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with not really having the total of capital so with anything that you’re learning more about please do study the platform don’t just presume since i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they consider that choice also so you in fact get utilized to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying real business if you select to in this specific video we’re discussing how to copy other people’s financial investments with your money so certainly your capital is at threat and we have to bear that in mind do not simply do something because that person has actually said they have actually made profit 14 months in a row buy these options because you believe is the ideal ones for you and that being said let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one element that is probably.

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popular for it’s the alternative to see what other traders are doing amazing we do not generally 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 exact portfolio of alternatives and essentially every time they make a trade they buy they sell whatever they do your money 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 costs involved actually vital you understand what are the costs of this now with any platform there will be some cost to obviously these are genuine business 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 charge websites then might not charge you for in fact buying and selling etfs or funds private commodities private stocks.

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there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs 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 start purchasing copy trading or copy portfolios and finally some best suggestions best practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s begin with fees truly crucial to understand these now on there’s a couple of charges there isn’t fees to do with in fact buying and selling all right so commission fees are complimentary however there are a couple of other costs the very first one is withdrawal costs so you can undoubtedly put cash in now if you remain 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 in the future however when you want to withdraw your cash so you offer 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 sure that i’m only withdrawing when i absolutely need to now you may say fine that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are just one of those choices 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 largely it can be perhaps even once a year once every six months you know depends totally how you’re investing but that is a fee to bear in mind the 2nd charge that i’ve discussed is that conversion fee now with you’re dealing in us dollars only there’s not an alternative to buy 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 or even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading two and two free trade anybody this is basic they have actually i expect stuck to whatever fee they charge for that conversion rate you kind of have to accept you understand if you wish to use their platform go from uk to us then that conversion fee exists what are they in fact providing 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 have to pay their fees now the terrific thing about though when you’ve converted your money you do not need to invest it right away that dollar worth can sit 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 extra costs so that’s really excellent utilizing that part of their site won’t certainly restrict you in any way nevertheless we have to understand 2 other charges the very first being what’s called spread costs okay and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you

on is generally the difference that belongs to the financial investment platform in between the buy cost and the list price fine 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 really indicates that when you wish to buy or sell as you can see it’s not the price you’re seeing up here let me reveal you that again so the present price of tesla is the worth of a share what’s called spread costs is the distinction then really to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of benefit from you whenever you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you state okay well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to sell it which is how they make a little bit of money on those spread charges it’s normally 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 bit money now the last task is called an

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overnight fee now this is actually essential if you’re actually using cfds yourself also an overnight fee is when you’re not doing that buy offer transaction in the very same day fine there’s then an overnight fee charged or perhaps if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which suggests you’re really purchasing the precise property instead of using leverage anyway you will not get hit with these costs however these fees are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you enter into the aid 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 fees then for when you’re doing overnight or you’re doing over weekends which only uses as i stated to cfds there are some added fees naturally depending on what you are buying also this is on your own so keep that in mind however complete costs are entirely within their aid information fine and we discussed in addition to free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of actually utilizing these copy functions they don’t have any additional charges on top of the normal fees that

exist now what you need to bear in mind though is these potentially handled by other people entirely or sometimes have actually created portfolios you have actually got a genuine individual doing the management you have to make sure you pick the individual that’s right for you similar to any type of work this is your monetary assets so we absolutely need to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to use this function we’ve got a number of various options 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 methods 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 require to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are using your own cash however really purchase pretend buy copy people whatever you like if you’re not

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feeling comfy with using your genuine money perhaps this is a terrific alternative for you again to test the theories alright you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe play with it certainly you may have missed out on gains and losses throughout that time of course if you had invested your real money it permits you to construct confidence comprehend the platform so that’s one alternative 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 before you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i imply 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 run the risk of just suggests am i fine with potentially losing an excellent amount of this financial investment or gaining as

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well now keep in mind everything is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose money but that similarly indicates they’ll lose eventually in their journey clearly people do generate income too and i have actually got videos all about how you can ensure you’re one of individuals to really generate income but in this circumstance make sure you research study your risk level would you be okay providing your cash to someone else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re purchasing fully if you’re someone who isn’t wishing to be that risky do not select somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong commodities

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like gold and even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact use this too really quickly over here you can copy individuals now it will give you a lot of choices and you can utilize the system to in fact look for someone that you elegant really following so let’s see possibly we want somebody from unified kingdom um who buys 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 discover everybody who has fulfilled that requirements and it does offer you a threat aspect too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns

bear in mind it’s like anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to verify are you okay with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she in fact purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got some of mine really that i buy too which is good so actually for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s also got a bit more um of the type of main food business and you have actually got you understand pharmaceutical and production companies as that. Etoro Faq.

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