Etoro Firmo – Turtles of Trading

On this post you’ll find the answer to Etoro Firmo….Questions that i speak with new investors what if you’re brand new to investing you simply don’t want to choose what you in fact wish to invest and you want someone to do it for you there’s just a number of ways that that can take place the firstly you can employ a financial investment portfolio manager they’ll normally charge a quite a high premium to do that perhaps 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 produced 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 also now if you’re brand new to an overall please bear in mind this platform is rather advanced you can do cfds which of course 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 do not simply presume due to the fact that i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that choice also so you actually get used 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 of course your capital is at risk this is investing we’re doing you’re purchasing genuine companies if you pick to in this particular video we’re talking about how to copy other individuals’s investments with your cash so certainly your capital is at risk and we need to bear that in mind do not simply do something since that individual has actually said they have actually made earnings 14 months in a row invest in these options due to the fact that you think is the right ones for you and that being stated let’s dive directly 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 most likely.

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well-known for it’s the choice to see what other traders are doing amazing we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can actually state i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and essentially each time they make a trade they buy they offer whatever they do your money will be mimicked with it so that means if for instance 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 important you understand what are the expenses of this now with any platform there will be some expense to obviously 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 a few of the zero charge sites then might not charge you for in fact buying and selling funds or etfs specific commodities private stocks.

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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to know before you in fact start buying copy trading or copy portfolios and finally some best suggestions best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s kick off with fees actually essential to understand these now on there’s a number of charges there isn’t charges to do with in fact buying and selling okay so commission fees are free however there are a couple of other fees the very first one is withdrawal costs so you can certainly 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 in the future however when you want to withdraw your money so you sell your shares you sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m just withdrawing when i absolutely need to now you might state alright that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are simply among those choices that they have a lot of platforms obviously 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 when every 6 months you know depends completely how you’re investing but that is a cost to bear in mind the second charge that i have actually discussed is that conversion fee now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk and that’s fine that suits me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re utilizing trading two and 2 open market anybody this is basic they have actually i expect stuck to 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 cost is there what are they really giving 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 instead you need to pay their charges now the fantastic aspect of however when you’ve transformed your cash 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 means the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s really great utilizing that part of their site will not definitely limit you in any way nevertheless we need to know 2 other fees the first being what’s called spread costs okay and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you

on is basically the distinction that becomes part of the investment platform between the buy rate and the sale 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 value 599 per share in tesla that in fact means that when you wish to offer or purchase as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current rate of tesla is the worth of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of profit from you each time you do a buyer’s share so keep that in mind clearly it’s more expensive to buy than it is to sell so they’re going to offer you less back with your sale and you say alright well why does that occur it simply 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 and that is how they make a bit of cash on those spread out charges it’s usually exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a little bit cash now the last task is called an

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overnight cost now this is really important if you’re in fact utilizing cfds yourself also an over night fee is when you’re refraining from doing that buy sell deal in the exact same day alright there’s then an over night cost charged or 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 actually buying out the etf the stock the product and utilizing time one leverage which implies you’re really purchasing the specific property instead of utilizing leverage anyway you won’t get hit with these fees however these charges are if you’re using leverage and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you enter into the aid section this isn’t the overnight costs info you can see exactly 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 and that just applies as i stated to cfds there are some additional charges obviously depending on what you are buying as well this is on your own so keep that in mind but full fees are totally within their aid information alright and we discussed along with free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of really using these copy functions they do not have any additional charges on top of the normal costs that

exist now what you require to keep in mind though is these possibly managed by other individuals totally or often have actually produced portfolios you’ve got a genuine person doing the management you need to make certain you choose the person that’s right for you much like any kind of work this is your financial properties so we definitely require to make certain it’s the ideal individual for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a number of different options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your credit card information or anything you can essentially have this virtual portfolio mimic as if you are using your own cash but actually purchase pretend buy copy people whatever you like if you’re not

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feeling comfortable with using your real money possibly this is a terrific choice for you once again to check the theories okay you may wish to buy tesla or apple or this etf why not use the virtual alternative as a way to type of safe have fun with it undoubtedly you may have missed out on gains and losses throughout that time of course if you had actually invested your genuine cash it allows you to develop self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to bear in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i indicate by that clearly 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 simply means am i all right with potentially losing an excellent quantity of this financial 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 money that’s why they make the figure 75 people will lose cash however that similarly suggests they’ll lose eventually in their journey clearly people do generate income as well and i have actually got videos everything about how you can make certain you are among the people to actually generate income but in this circumstance make certain you research your risk level would you be fine giving your cash to another person which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in totally if you’re someone who isn’t wanting to be that dangerous do not pick someone 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 or perhaps oil plus more traditional 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 state you can in fact use this too truly easily over here you can copy individuals now it will offer you a lot of options and you can utilize the system to really search for someone that you expensive really following so let’s see maybe we want someone from unified kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a great quantity and i can discover everyone who has actually satisfied that requirements and it does offer you a threat aspect also 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 individuals that have rather high returns

remember it resembles 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 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to validate are you all right with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she really 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 sort of into those blue box and the tech market she’s got some of mine really that i purchase too which is excellent so really for me knowing what i like to invest in 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 prefers she’s likewise got a bit more um of the kind of primary food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Firmo.

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