Etoro Money Card – Turtles of Trading

On this post you’ll find the answer to Etoro Money Card….Concerns that i hear from brand-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 desire somebody to do it for you there’s just a number of ways that that can happen the firstly you can employ an investment portfolio supervisor they’ll typically 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 of course you can buy mutual funds particular funds are produced 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 innovative you can do cfds which naturally cfds are ways of investing

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with not in fact having the total 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 utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they give that option too so you really get used 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 companies if you pick to in this particular video we’re talking about how to copy other individuals’s financial investments with your money so undoubtedly your capital is at risk and we need to bear that in mind do not just do something because that individual has 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 which being said let’s dive straight 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 element that is probably.

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popular for it’s the choice to see what other traders are doing incredible we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can actually 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 offer whatever they do your cash will be imitated with it so that indicates 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 costs involved really critical you understand what are the expenses of this now with any platform there will be some expense to clearly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the no cost sites then may not charge you for in fact buying and selling funds or etfs individual commodities individual stocks.

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there’ll be fees 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 charges 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 lastly some best suggestions finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s start with charges really important to comprehend these now on there’s a couple of charges there isn’t costs to do with actually buying and selling all right so commission costs are free nevertheless there are a couple of other fees the very first one is withdrawal charges so you can clearly put cash in now if you’re in the uk we put our uk money.

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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your money so you sell your shares you offer your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might state alright that’s rather expensive and i get that however 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 great deal of platforms undoubtedly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every 6 months you know depends totally how you’re investing but that is a cost to remember the second charge that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not an option to buy in euros or uk and that’s fine that matches me.

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a lot of my stocks are us dollar stocks anyhow 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 charge now when you utilize anybody so if you’re using trading 2 and two open market anybody this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you sort of need to accept you know 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 haggle with them you can’t go to the bank and say give me us dollars rather you need to pay their costs now the great feature of however when you’ve converted your cash you do not have to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s really great using that part of their website won’t definitely limit you in any way however we need to understand two other charges the very first being what’s called spread charges alright and i’m going to show you what i indicate on now a spread cost as i’m going to show you

on is basically the difference that belongs to the financial investment platform in between the buy price and the price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really implies that when you wish to sell or buy as you can see it’s not the cost you’re seeing up here let me show you that again so the present rate of tesla is the value of a share what’s called spread charges is the distinction then actually to purchase 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 purchaser’s share so keep that in mind clearly it’s more expensive to purchase 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 just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you want to sell it which is how they make a little bit of money on those spread out fees it’s typically extremely small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit cash now the last feat is called an

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over night cost now this is really crucial if you’re actually using cfds yourself as well an over night charge is when you’re not doing that buy offer deal in the exact same day fine there’s then an overnight fee charged and even if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one leverage which suggests you’re actually purchasing the exact asset instead of utilizing utilize anyhow you won’t get hit with these charges however these charges are if you’re using utilize and cfds and after that you’re going to have these charges if you’re not buy selling in the exact same day so let’s say if you go into the help 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 costs then for when you’re doing over night or you’re doing over weekends and that just applies as i said to cfds there are some added fees of course depending on what you are purchasing as well this is on your own so keep that in mind however complete fees are totally within their help info alright and we talked about in addition to complimentary 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 cost now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of actually utilizing these copy functions they do not have any extra charges on top of the normal costs that

exist now what you require to bear in mind though is these potentially managed by other individuals entirely or sometimes have created portfolios you have actually got a real individual doing the management you need to ensure you pick the person that’s right for you similar to any kind of work this is your monetary possessions so we absolutely need to ensure it’s the right person for us prior to we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of various choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash however really buy pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with using your genuine cash possibly this is a fantastic choice for you again to check the theories alright you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe have fun with it undoubtedly you might have missed out on gains and losses throughout that time obviously if you had actually invested your real cash it permits you to develop confidence comprehend the platform so that’s one option for you then next week and i’m going to return 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 prior to 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 suggest by that obviously 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 just indicates am i okay with possibly losing a great quantity of this investment or getting as

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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 people will lose money but that similarly suggests they’ll lose at some point in their journey clearly people do generate income too and i have actually got videos everything about how you can ensure you are among the people to actually earn money but in this circumstance make sure you research your danger level would you be alright providing your money to someone else which is efficiently what you’re doing and trusting them make sure you understand what they’re purchasing fully 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 desire a backbone of strong commodities

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like gold and even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually use 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 actually search for someone that you fancy actually following so let’s see possibly we desire somebody from unified kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has met that criteria and it does provide you a risk element too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have quite high returns

remember it resembles anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure 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 confirm are you fine 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 really buying so let’s enter 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 understand ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine actually that i buy too which is excellent so actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s also got a bit more um of the kind of primary food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Money Card.

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