Etoro How Do I Know Who Is Following Me – Turtles of Trading

On this post you’ll find the answer to Etoro How Do I Know Who Is Following Me….Questions that i speak with new financiers what if you’re brand new to investing you just don’t wish to decide what you in fact wish to invest and you want somebody to do it for you there’s only a couple of manner ins which that can happen the firstly you can employ a financial investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps 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 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 too now if you’re brand new to an overall please keep in mind 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 total of capital so with anything that you’re learning more about please do study the platform don’t simply presume because i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that option also so you actually get utilized to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in real companies if you pick to in this specific video we’re talking about how to copy other individuals’s investments with your money so obviously your capital is at danger and we need to bear that in mind do not simply do something because that individual has actually stated they have actually made profit 14 months in a row buy these options due to the fact that you think is the best 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 probably.

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well-known for it’s the alternative to see what other traders are doing unbelievable we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can really say i want to do precisely what that trader is doing or match that precise portfolio of options and basically whenever they make a trade they buy they sell whatever they do your money will be mimicked with it so that implies if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees included really important you comprehend 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 buying the selling for you there’s going to be charges included and even some of the no cost websites then may not charge you for in fact buying and selling etfs or funds specific products individual stocks.

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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs 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 understand before you actually begin buying copy trading or copy portfolios and lastly some finest recommendations finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s begin with charges really crucial to comprehend these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling fine so commission charges are totally free however there are a couple of other charges the first one is withdrawal charges 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 later on but when you want to withdraw your cash 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 ensure that i’m just withdrawing when i definitely require to now you may say all right that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are simply among those options that they have a lot 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 perhaps even once a year as soon as every 6 months you understand depends entirely how you’re investing however that is a charge to remember the 2nd cost that i have actually touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk which’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 purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading 2 and 2 free trade anybody this is standard they have actually i suppose stuck with whatever fee they charge for that conversion rate you kind of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge is there what are they actually 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 provide me us dollars instead you need to pay their costs now the terrific aspect of however when you have actually transformed your money you do not need to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s truly good utilizing that part of their site will not certainly limit you in any way nevertheless we need to know two other charges the first being what’s called spread fees all right and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you

on is essentially the difference that becomes part of the financial investment platform in between the buy price and the price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that actually suggests that when you wish to buy or sell as you can see it’s not the cost you’re seeing up here let me show you that again so the present price of tesla is the worth of a share what’s called spread fees is the distinction then really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of make money from you every time you do a purchaser’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you say okay well why does that happen 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 wish to sell it and that is how they make a bit of money on those spread fees it’s normally extremely little it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit cash now the last task is called an

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overnight charge now this is really essential if you’re actually using cfds yourself as well an overnight fee is when you’re not doing that buy sell transaction in the exact same day fine there’s then an over night cost charged or even if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which means you’re in fact buying the specific possession instead of utilizing take advantage of anyway you will not get hit with these fees however these fees are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy selling in the exact same day so let’s state if you go into the help area this isn’t the overnight fees details you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which just uses as i said to cfds there are some added fees naturally depending on what you are buying too this is on your own so keep that in mind however full fees are entirely within their assistance info all right and we spoke about along with free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of actually utilizing these copy operates they don’t have any extra fees on top of the normal costs that

exist now what you need to remember though is these possibly handled by other individuals entirely or sometimes have actually created portfolios you’ve got a real person doing the management you need to make certain you select the person that’s right for you just like any line of work this is your monetary properties so we definitely need to make sure 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 have actually got a number of various options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real money 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 utilizing your genuine money possibly this is a fantastic alternative for you once again to evaluate the theories all right you may wish to buy tesla or apple or this etf why not use the virtual alternative as a way to sort of safe have fun with it certainly you may have lost out on gains and losses throughout that time obviously if you had actually invested your genuine money it allows you to build confidence understand the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i mean by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply suggests am i okay with potentially losing a great quantity of this financial investment or acquiring as

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well now keep in mind everything is ups and downs you will generate income you’ll lose cash that’s why they make the fact 75 individuals will lose money however that equally means they’ll lose at some time in their journey clearly people do make money as well and i have actually got videos everything about how you can make certain you are among individuals to in fact generate income however in this scenario make sure you research study your danger level would you be all right providing your money to somebody else which is effectively what you’re doing and trusting them make certain you understand what they’re buying completely if you’re someone who isn’t wishing to be that risky do not choose someone who’s entirely into crypto or currency conversion think about it you ‘d probably want a foundation of strong products

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like gold or even oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact utilize this too really easily over here you can copy individuals now it will provide you a lot of options and you can use the system to in fact search for someone that you expensive actually following so let’s see possibly we want someone from united kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a good quantity and i can find everybody who has fulfilled that requirements and it does give you a risk aspect also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns

keep in mind it resembles anything to do with the news or forecasts of the future this does not indicate somebody 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 simple as clicking the copy button and off you go and then you know ask you to validate are you fine with this and off you go now another method to really 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 buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine actually that i buy too which is excellent so really 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 companies that seems to be what she prefers she’s likewise got a little bit more um of the type of main food companies and you’ve got you know pharmaceutical and production business as that. Etoro How Do I Know Who Is Following Me.

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