Etoro Set Up Account – Turtles of Trading

On this post you’ll find the answer to Etoro Set Up Account….Questions that i hear from brand-new financiers what if you’re brand new to investing you just don’t want to decide what you in fact want to invest and you desire somebody to do it for you there’s just a number of ways that that can happen the to start with you can employ a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are developed 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 remember this platform is quite innovative you can do cfds which obviously cfds are ways of investing

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with not actually having the total of capital so with anything that you’re learning about please do study the platform do not just presume because i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that option as well so you really get utilized 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 of course your capital is at risk this is investing we’re doing you’re buying genuine companies if you pick to in this specific video we’re speaking about how to copy other people’s investments with your cash so obviously your capital is at danger and we have to bear that in mind do not simply do something because that person has stated they’ve made profit 14 months in a row invest in these options due to the fact that you believe is the best ones for you which 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 element that is most likely.

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famous for it’s the alternative to see what other traders are doing amazing we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can in fact state i want to do precisely what that trader is doing or match that specific portfolio of choices and essentially whenever they make a trade they buy they offer whatever they do your cash will be simulated 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 also cover is the charges involved really critical you understand what are the expenses of this now with any platform there will be some expense to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no fee websites then might not charge you for really buying and selling funds or etfs private products private 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 sort of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you really start purchasing copy trading or copy portfolios and finally some finest recommendations best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s begin with costs truly essential to comprehend these now on there’s a number of charges there isn’t charges to do with in fact buying and selling alright so commission costs are complimentary however there are a couple of other fees the first one is withdrawal costs so you can certainly put cash in now if you’re 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 later but when you wish to withdraw your money so you offer your shares you offer your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m just withdrawing when i definitely need to now you may say okay that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are simply one of those alternatives that they have a great deal of platforms undoubtedly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every six months you know depends entirely how you’re investing but that is a cost to keep in mind the 2nd charge that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not an alternative to buy in euros or uk which’s great that suits me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re using trading 2 and two open market anybody this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you kind of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they actually 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 say give me us dollars instead you need to pay their fees now the excellent feature of however when you have actually transformed your cash you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests the initial 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 additional costs so that’s really great utilizing that part of their site won’t certainly limit you in any way nevertheless we need to understand two other costs the first being what’s called spread charges okay and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you

on is generally the difference that belongs to the investment platform in between the buy cost and the list price fine it’s their premium on doing both those two 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 suggests that when you wish to sell or buy as you can see it’s not the rate you’re seeing up here let me show you that once again so the present price of tesla is the value of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind undoubtedly 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 fine well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to sell it which is how they make a bit of money on those spread fees it’s usually 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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over night cost now this is really important if you’re in fact using cfds yourself also an over night fee is when you’re not doing that buy offer deal in the exact same day fine there’s then an overnight cost charged or even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one take advantage of which implies you’re in fact purchasing the specific possession rather than using take advantage of anyhow you won’t get hit with these fees however these costs are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s state if you go into the assistance section this isn’t the over night fees information you can see exactly the breakdown and it’ll inform 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 stated to cfds there are some surcharges obviously depending on what you are buying too this is on your own so keep that in mind however full fees are totally within their help details fine and we spoke about along with complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of actually using these copy works they do not have any extra costs on top of the typical fees that

are there now what you require to keep in mind though is these potentially managed by other individuals completely or in some cases have developed portfolios you’ve got a real person doing the management you need to make certain you pick the person that’s right for you much like any type of work this is your monetary properties so we absolutely require to make sure 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 have actually got a couple of different options for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual means 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 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 in fact 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 alternative for you again to test the theories okay you might want to purchase tesla or apple or this etf why not use the virtual option as a way to type of safe have fun with it certainly you might have missed out on gains and losses throughout 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 go back 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 keep in mind prior to 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 indicate by that clearly 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 implies am i fine with possibly losing an excellent quantity of this investment or acquiring as

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well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 individuals will lose money but that equally indicates they’ll lose eventually in their journey certainly individuals do make money too and i’ve got videos all about how you can make certain you are among individuals to in fact earn money but in this circumstance make sure you research your threat level would you be alright offering your money to somebody else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re investing in completely if you’re somebody who isn’t wanting to be that risky don’t choose someone who’s completely into crypto or currency conversion think of it you ‘d probably want 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 very same with who you’re following now as i state you can in fact utilize this too really quickly over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to really look for somebody that you elegant really following so let’s see possibly we desire somebody from joined kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a great quantity and i can discover everyone who has satisfied that criteria and it does provide you a threat factor too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns

keep in mind it resembles 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 might make 4 or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to confirm 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 in fact deep dive into what is she in fact investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got some of mine really that i buy too which is great so really for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s likewise got a little bit more um of the type of main food companies and you have actually got you understand pharmaceutical and production business as that. Etoro Set Up Account.

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