Etoro Practice Account – Turtles of Trading

On this post you’ll find the answer to Etoro Practice Account….Questions that i hear from new financiers what if you’re brand new to investing you simply don’t want to decide what you really wish to invest and you desire somebody to do it for you there’s only a couple of ways that that can occur the first of all you can hire an investment portfolio manager they’ll usually charge a quite a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is of course you can buy mutual funds specific funds are created once 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 innovative you can do cfds which naturally cfds are ways of investing

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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just presume since i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they consider that option as well so you really get used to the structure of the site and then 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 choose to in this specific video we’re speaking about how to copy other people’s financial investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something because that individual has actually said they have actually made earnings 14 months in a row invest in these choices because you think is the ideal ones for you which 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 probably.

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famous for it’s the option to see what other traders are doing incredible we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can actually state i want to do precisely what that trader is doing or match that precise portfolio of alternatives and generally every time they make a trade they purchase they sell whatever they do your money will be imitated with it so that means 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 also cover is the fees involved actually critical you understand what are the costs of this now with any platform there will be some cost 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 absolutely no charge sites then might not charge you for really buying and selling etfs or funds individual commodities individual stocks.

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there’ll be fees 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 understand before you actually begin investing in copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s kick off with charges really crucial to comprehend these now on there’s a number of fees there isn’t charges to do with in fact buying and selling fine so commission charges are totally free however there are a number of other charges the first one is withdrawal charges so you can clearly put cash in now if you’re in the uk we put our uk cash.

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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 cash so you offer your shares you sell your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may state all right that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are just one of those options that they have a great deal of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every 6 months you know depends entirely how you’re investing however that is a cost to keep in mind the 2nd charge that i have actually touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an option to buy in euros or uk which’s great that suits me.

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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading 2 and two free trade anyone at all this is basic they have actually i expect 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 in fact 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 state give me us dollars instead you need to pay their charges now the terrific feature of however when you have actually converted your cash you do not need to invest it right away 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 purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s truly great using that part of their site won’t certainly restrict you in any way nevertheless we have to know 2 other charges the very first being what’s called spread costs fine and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you

on is essentially the distinction that becomes part of the financial investment platform between the buy rate and the price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that really means that when you want to offer or purchase as you can see it’s not the price you’re seeing up here let me reveal you that again so the current price of tesla is the value of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you every time you do a buyer’s share so keep that in mind clearly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you state all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it which is how they make a bit of money on those spread costs it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit cash now the last feat is called an

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overnight charge now this is actually essential if you’re actually utilizing cfds yourself as well an over night charge is when you’re not doing that buy sell transaction in the 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 only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one leverage which suggests you’re really purchasing the specific property rather than utilizing take advantage of anyhow you won’t get hit with these fees but these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s say if you enter into the assistance area 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 fees then for when you’re doing over night or you’re doing over weekends which only uses as i stated to cfds there are some added fees of course depending upon what you are buying too this is on your own so keep that in mind however full charges are completely within their aid information all right and we talked about as well as totally free to deposit in but 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 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of actually using these copy works they don’t have any additional costs on top of the typical fees that

are there now what you require to remember though is these possibly managed by other people entirely or sometimes have actually developed portfolios you’ve got a genuine individual doing the management you have to make sure you select the individual that’s right for you much like any profession this is your monetary assets so we definitely need to ensure it’s the best individual for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a number of different alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are using your own cash but really buy 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 option for you once again to evaluate the theories okay you might wish to buy tesla or apple or this etf why not use the virtual alternative as a method to sort of safe have fun with it clearly you may have missed out on gains and losses throughout that time obviously if you had invested your genuine cash it enables you to construct self-confidence comprehend the platform so that’s one alternative 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 individuals and copy portfolios now here’s something to remember before you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i suggest by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just suggests am i all right with possibly losing a good quantity of this financial investment or gaining as

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well now remember whatever is ups and downs you will make money you’ll lose money that’s why they make the fact 75 individuals will lose money but that similarly suggests they’ll lose eventually in their journey clearly people do generate income too and i have actually got videos all about how you can ensure you’re one of the people to in fact make money however in this situation make sure you research your threat level would you be all right giving your cash to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re someone who isn’t wanting to be that dangerous don’t pick someone who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products

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like gold or even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really use this too really quickly over here you can copy people now it will provide you a lot of choices and you can utilize the system to really search for someone that you fancy actually following so let’s see perhaps we desire someone from united kingdom um who invests in let’s see who does etfs they have actually acquired 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 offer you a risk element as well 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 people that have quite high returns

bear in mind it’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you okay with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she actually purchasing 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 know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine actually that i buy too which is good so in fact for me understanding what i like to buy 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 little bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production business as that. Etoro Practice Account.

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