Etoro Forum – Turtles of Trading

On this post you’ll find the answer to Etoro Forum….Concerns that i speak with new financiers what if you’re brand new to investing you merely do not want to decide what you actually want to invest and you want someone to do it for you there’s just a couple of ways that that can take place the to start with you can employ an investment portfolio supervisor they’ll usually charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds specific funds are produced 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 an overall please remember this platform is rather innovative you can do cfds which naturally 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 simply presume due to the fact that i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they consider that alternative as well so you really get utilized to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying real business if you select to in this particular video we’re discussing how to copy other people’s financial investments with your money so obviously your capital is at threat and we have to bear that in mind do not just do something since that person has actually said they’ve made earnings 14 months in a row purchase these options because you believe is the best ones for you which being said 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 probably.

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famous for it’s the option to see what other traders are doing incredible we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can in fact say i want to do exactly what that trader is doing or match that specific portfolio of options and basically whenever they make a trade they purchase they offer whatever they do your cash will be simulated with it so that means 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 fees involved actually critical you understand what are the costs of this now with any platform there will be some expense to certainly 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 some of the no fee sites then may not charge you for actually buying and selling funds or etfs private products private stocks.

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there’ll be costs on other parts maybe 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 show you the fees with in particular in this video the next would be things to know prior to you actually start purchasing copy trading or copy portfolios and finally some best recommendations finest practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s start with charges actually essential to comprehend these now on there’s a couple of fees there isn’t fees to do with actually buying and selling alright so commission costs are free nevertheless there are a couple of other charges the first one is withdrawal charges so you can obviously put money 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 sell 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 obviously understanding that i’m going to make sure that i’m only withdrawing when i definitely need to now you may say alright that’s rather 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 costs are simply among those options that they have a great deal of platforms obviously are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every 6 months you know depends completely how you’re investing however that is a charge to remember the second fee that i have actually discussed is that conversion charge 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 great deal 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 cost now when you use anybody so if you’re using trading two and two free trade anybody this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you sort of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost is there what are they really 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 need to pay their costs now the great aspect of however when you have actually transformed your money you do not need to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests 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 charges so that’s really great utilizing that part of their website won’t definitely limit you in any way however we need to know 2 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 belongs to the investment platform between the buy cost and the sale 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 actually means that when you want 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 cost 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 percentage of benefit from you each time 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 provide you less back with your sale and you state fine well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you wish to offer it which is how they make a little bit of money on those spread charges it’s usually extremely small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit cash now the last accomplishment is called an

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overnight fee now this is actually crucial if you’re really using cfds yourself too an over night fee is when you’re refraining from doing that buy offer transaction in the exact same day okay there’s then an overnight charge charged or even 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 actually buying out the etf the stock the product and utilizing time one utilize which means you’re in fact buying the precise asset rather than using leverage anyway you won’t get hit with these costs however these charges are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy offering in the same day so let’s state if you enter into the assistance section this isn’t the overnight charges info you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which just uses as i stated to cfds there are some added fees obviously depending on what you are buying also this is on your own so keep that in mind but full fees are completely within their assistance information okay and we talked about along with free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of really using these copy functions they don’t have any additional charges on top of the regular fees that

are there now what you require to remember though is these potentially managed by other people totally or often have developed portfolios you’ve got a genuine individual doing the management you need to make certain you pick the individual that’s right for you just like any type of work this is your financial assets so we absolutely need to make certain it’s the right person for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of various alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your credit card details or anything you can basically have this virtual portfolio mimic as if you are utilizing your own cash but really purchase 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 an excellent option for you once again to test the theories fine you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe play with it clearly you might have lost out on gains and losses during that time naturally if you had invested your genuine cash it allows you to build confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to keep in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i suggest by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of simply indicates am i alright with possibly losing a good quantity of this financial investment or gaining as

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well now keep in mind everything is downs and ups you will generate income you’ll lose cash that’s why they make the figure 75 people will lose money however that similarly suggests they’ll lose at some point in their journey obviously individuals do earn money too and i’ve got videos all about how you can make sure you’re one of individuals to in fact generate income but in this circumstance make certain you research study your threat level would you be alright providing your money to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re someone who isn’t wishing to be that dangerous don’t select someone who’s totally into crypto or currency conversion think of it you ‘d most likely want a backbone of strong products

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like gold or perhaps oil plus more conventional 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 really easily over here you can copy individuals now it will offer you a great deal of choices and you can utilize the system to really search for someone that you expensive actually following so let’s see maybe we desire somebody from unified kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a great amount and i can find everyone who has fulfilled that requirements and it does offer you a risk element too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have rather high returns

bear in mind it resembles anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to confirm are you all right with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she actually 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 definitely like type of into those blue box and the tech industry she’s got some of mine in fact that i purchase too which is excellent so actually for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she prefers she’s also got a little bit more um of the type of main food business and you’ve got you understand pharmaceutical and production business as that. Etoro Forum.

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