Etoro Online Social Trading – Turtles of Trading

On this post you’ll find the answer to Etoro Online Social Trading….Questions that i speak with new investors what if you’re brand new to investing you just don’t want to decide what you in fact wish to invest and you desire somebody to do it for you there’s only a number of manner ins which that can happen the firstly you can work with a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 as well now if you’re brand new to an overall please keep in mind this platform is rather innovative you can do cfds which obviously cfds are methods of investing

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with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform don’t simply presume since i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they give that choice 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 obviously your capital is at danger this is investing we’re doing you’re investing in real business if you select to in this particular video we’re discussing how to copy other people’s investments with your cash so obviously your capital is at threat and we have to bear that in mind do not just do something because that person has actually said they’ve made earnings 14 months in a row buy these choices since you think is the right 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 understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is most likely.

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popular for it’s the option to see what other traders are doing extraordinary we do not typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can in fact say i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and basically every time they make a trade they buy they sell whatever they do your money will be mimicked with it so that implies if for instance 10 of their 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 charges involved really vital you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the zero charge websites then might not charge you for actually buying and selling funds or etfs specific products individual stocks.

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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort 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 understand before you really start purchasing copy trading or copy portfolios and lastly some finest guidance best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s kick off with fees actually important to understand these now on there’s a number of costs there isn’t charges to do with actually buying and selling all right so commission fees are complimentary nevertheless there are a number of other fees the first one is withdrawal costs so you can clearly put money in now if you remain in the uk we put our uk money.

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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future but when you wish 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 obviously knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you might state all right that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are simply among those options that they have a lot of platforms clearly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every 6 months you understand depends totally how you’re investing but that is a fee to remember the 2nd charge that i have actually discussed is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk and that’s fine that suits me.

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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading two and two open market anybody this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you type of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee is there what are they really offering 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 provide me us dollars instead you have to pay their charges now the fantastic thing about however when you have actually converted your money you do not need to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that means the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s actually good utilizing that part of their website will not certainly restrict you in any way however we have to be aware of two other costs the very first being what’s called spread costs okay and i’m going to show you what i imply on now a spread charge as i’m going to show you

on is basically the distinction that belongs to the investment platform between the buy cost and the sale price all right it’s their premium on doing both those 2 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 in fact means that when you want to sell or purchase as you can see it’s not the price you’re seeing up here let me show you that again so the current rate of tesla is the worth of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to sell so they’re going to provide you less back with your sale and you state alright well why does that happen it simply 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 want to offer it which is how they make a little bit of cash on those spread charges it’s generally exceptionally little 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 money now the last task is called an

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over night fee now this is truly essential if you’re actually using cfds yourself as well an overnight fee is when you’re not doing that buy sell deal in the very same day all right there’s then an overnight fee charged and even if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which implies you’re actually buying the specific asset instead of using utilize anyhow you won’t get hit with these fees but these fees are if you’re using take advantage of and cfds and then 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 fees details 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 overnight or you’re doing over weekends which just applies as i stated to cfds there are some surcharges naturally depending on what you are buying also this is on your own so keep that in mind but full fees are totally within their assistance details okay and we spoke about along with free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of in fact utilizing these copy operates they do not have any extra fees on top of the normal fees that

are there now what you need to remember though is these possibly handled by other people entirely or sometimes have created portfolios you have actually got a genuine individual doing the management you have to make certain you choose the person that’s right for you similar to any line of work this is your monetary assets so we absolutely need to make certain it’s the best individual 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 number of different choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your charge card details or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own money but in fact purchase pretend buy copy people whatever you like if you’re not

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feeling comfortable with using your real money maybe this is a fantastic option for you once again to test the theories okay you may wish to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it undoubtedly you may have missed out on gains and losses during that time naturally if you had invested your real cash it allows you to construct confidence understand the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear 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 clearly 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 just means am i all right with possibly losing a great amount of this financial investment or getting as

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well now remember everything is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 people will lose cash however that equally implies they’ll lose at some time in their journey clearly people do generate income as well and i have actually got videos all about how you can make sure you are among the people to really make money but in this situation make sure you research study your risk level would you be okay providing your cash to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in totally if you’re someone who isn’t wanting to be that risky don’t choose somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong commodities

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

keep in mind it resembles anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to verify 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 really deep dive into what is she actually buying so let’s enter 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 certainly like sort of into those blue box and the tech industry she’s got a few of mine really that i invest in too which is great so actually for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a bit more um of the type of main food companies and you have actually got you know pharmaceutical and production business as that. Etoro Online Social Trading.

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