Etoro Pretend Trading – Turtles of Trading

On this post you’ll find the answer to Etoro Pretend Trading….Questions that i speak with brand-new financiers what if you’re brand new to investing you just do not want to decide what you actually wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can occur the first of all you can work with a financial investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps 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 developed 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 also now if you’re brand new to a total please remember this platform is quite innovative you can do cfds which naturally cfds are ways 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 do not just presume because i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative as well so you actually get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re purchasing real companies if you pick to in this particular video we’re talking about how to copy other individuals’s investments with your money so certainly your capital is at risk and we have to bear that in mind do not just do something because that individual has actually said they’ve made revenue 14 months in a row invest in these options because you believe is the ideal ones for you which being said let’s dive directly in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.

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popular for it’s the alternative to see what other traders are doing extraordinary we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can actually say i want to do precisely what that trader is doing or match that precise portfolio of alternatives and essentially each time they make a trade they buy they offer whatever they do your money 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 costs involved truly important you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are real companies 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 charge websites then might not charge you for really buying and selling funds or etfs specific products private stocks.

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there’ll be fees on other parts possibly it’s our fx rate when you’re altering 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 charges with in particular in this video the next would be things to understand before you in fact begin buying copy trading or copy portfolios and lastly some best guidance finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s kick off with charges truly crucial to comprehend these now on there’s a couple of fees there isn’t costs to do with really buying and selling all right so commission costs are totally free however there are a number of other charges the first one is withdrawal costs so you can undoubtedly 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 however when you wish to withdraw your money so you offer your shares you offer 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 only withdrawing when i absolutely require to now you might say alright that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are just one of those choices that they have a lot of platforms clearly are complimentary 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 six months you know depends totally how you’re investing but that is a fee to keep in mind the 2nd fee that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk which’s great that matches me.

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a great deal 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 cost now when you utilize anybody so if you’re using trading 2 and 2 open market anyone at all this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you sort of need to accept you know if you wish to use their platform go from uk to us then that conversion charge is there what are they really providing 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 state give me us dollars instead you have to pay their costs now the excellent thing about though when you have actually transformed your cash you do not need to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s actually good using that part of their website will not certainly limit you in any way nevertheless we need to be aware of 2 other fees the very first being what’s called spread fees okay and i’m going to reveal you what i suggest on now a spread charge as i’m going to reveal you

on is generally the distinction that belongs to the investment platform in between the buy price 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 site today tesla’s dollar worth 599 per share in tesla that really means that when you wish to offer or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing price of tesla is the value of a share what’s called spread fees is the distinction then in fact 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 purchaser’s share so keep that in mind certainly it’s more expensive to purchase than it is to sell so they’re going to give you less back with your sale and you state all right well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to sell it which is how they make a little bit of money on those spread costs it’s generally incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a little bit money now the last feat is called an

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over night charge now this is truly important if you’re in fact using cfds yourself also an over night fee is when you’re refraining from doing that buy sell deal in the same day okay there’s then an over night charge charged or even if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which indicates you’re really purchasing the exact asset rather than using utilize anyway you will not get hit with these fees however these fees are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you go into the aid section this isn’t the over night costs details you can see exactly the breakdown and it’ll inform you what are the charges what are the fees 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 surcharges of course depending upon what you are investing in as well this is on your own so keep that in mind but full fees are entirely within their aid details okay and we talked about along with complimentary 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 everything there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of actually utilizing these copy functions they do not have any extra charges on top of the normal fees that

are there now what you require to remember though is these potentially managed by other people entirely or in some cases have actually produced portfolios you’ve got a genuine individual doing the management you need to ensure you select the individual that’s right for you just like any line of work this is your financial assets so we absolutely require to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to use this function we’ve got a number of various options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your charge card details or anything you can generally have this virtual portfolio mimic 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 comfortable with using your genuine cash perhaps this is an excellent alternative for you once again to check the theories all right you might want to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe play with it undoubtedly you might have lost out on gains and losses during that time of course if you had invested your real money it permits you to construct confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals 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 imply by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk simply suggests am i okay with possibly losing a great quantity of this financial investment or getting as

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well now keep in mind whatever is downs and ups you will earn money you’ll lose money that’s why they make the fact 75 individuals will lose money however that equally suggests they’ll lose at some point in their journey undoubtedly individuals do generate income too and i’ve got videos everything about how you can ensure you’re one of the people to actually generate income however in this circumstance make sure you research study your danger level would you be fine offering your money to someone else which is effectively what you’re doing and trusting them make sure you comprehend what they’re buying completely if you’re somebody who isn’t wishing to be that risky 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 and even oil plus more traditional 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 say you can in fact use this too really easily over here you can copy individuals now it will provide you a lot of choices and you can use the system to in fact search for somebody that you elegant really following so let’s see possibly we want somebody from united kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has actually met that criteria and it does offer you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns

remember it’s like anything to do with the news or forecasts of the future this does not suggest 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 simple as clicking the copy button and off you go and after that you know ask you to validate are you alright with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she really purchasing 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 know ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is good so actually for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the sort of primary food business and you’ve got you know pharmaceutical and production companies as that. Etoro Pretend Trading.

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