Etoro Trader Stern – Turtles of Trading

On this post you’ll find the answer to Etoro Trader Stern….Questions that i speak with new investors what if you’re brand new to investing you just do not want to decide what you in fact wish to invest and you desire someone to do it for you there’s only a number of ways that that can occur the first off you can hire an investment portfolio manager they’ll typically charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are produced 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 a total please keep in mind this platform is rather sophisticated you can do cfds which of course 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 don’t simply assume since i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that choice also so you in fact get utilized to the structure of the site and after that 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 danger this is investing we’re doing you’re buying real companies if you choose to in this specific video we’re talking about how to copy other individuals’s investments with your cash so clearly your capital is at risk and we need to bear that in mind do not simply do something because that individual has actually stated they’ve made revenue 14 months in a row invest in these choices due to the fact that you believe is the ideal ones for you which being said let’s dive straight in [Music] so the 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 element that is probably.

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well-known for it’s the choice to see what other traders are doing amazing we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can actually say i wish to do exactly what that trader is doing or match that precise portfolio of options and generally whenever they make a trade they buy they sell whatever they do your cash will be mimicked with it so that means if for example 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 charges included really critical you understand what are the expenses of this now with any platform there will be some cost to certainly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero cost sites then might not charge you for in fact buying and selling etfs or funds individual commodities individual stocks.

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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges 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 know prior to you really begin buying copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s begin with charges actually important to comprehend these now on there’s a couple of costs there isn’t costs to do with in fact buying and selling fine so commission charges are complimentary however there are a number of other fees the first one is withdrawal fees so you can certainly put money in now if you’re in the uk we put our uk cash.

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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your cash so you sell 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 naturally understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you may say alright that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are simply among those alternatives that they have a great deal of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every six months you know depends completely how you’re investing but that is a cost to keep in mind the second cost that i have actually touched upon is that conversion fee now with you’re handling us dollars only there’s not an alternative to buy in euros or uk and that’s great that matches 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 good 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 free trade anyone at all this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you kind of have to accept you understand if you want to utilize their platform go from uk to us then that conversion fee is there what are they in fact giving you in regards to your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and state offer me us dollars rather you have to pay their charges now the great feature of however when you’ve transformed your money you do not need to invest it immediately 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 good utilizing that part of their website will not certainly limit you in any way however we have to understand 2 other charges the first being what’s called spread fees fine and i’m going to show you what i mean on now a spread cost as i’m going to show you

on is basically the distinction that becomes part of the investment platform in between the buy cost and the list price fine 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 worth 599 per share in tesla that really means that when you want to purchase or sell as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current cost of tesla is the worth of a share what’s called spread fees is the distinction then really to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to sell so they’re going to offer you less back with your sale and you say okay well why does that occur it just 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 wish to sell it which is how they make a little bit of cash on those spread costs it’s generally extremely 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 feat is called an

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over night charge now this is truly essential if you’re really using cfds yourself too an over night cost is when you’re refraining from doing that buy offer deal in the very same day alright there’s then an over night fee charged or even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which implies you’re actually purchasing the precise possession instead of using utilize anyway you will not get hit with these costs but these fees are if you’re utilizing leverage and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s state if you go into the aid 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 charges then for when you’re doing overnight or you’re doing over weekends which just uses as i stated to cfds there are some additional charges obviously depending upon what you are investing in also this is on your own so keep that in mind however full fees are completely within their aid details all right and we talked about along with totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of actually using these copy operates they don’t have any extra fees on top of the normal costs that

are there now what you require to keep in mind though is these possibly handled by other people totally or sometimes have actually created portfolios you have actually got a genuine person doing the management you need to make sure you choose the person that’s right for you just like any type of work this is your monetary properties so we definitely require to make sure it’s the right person for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of various alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine 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 credit card information or anything you can basically have this virtual portfolio simulate as if you are using your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfy with utilizing your real cash possibly this is a great choice for you once again to test the theories all right you might wish to buy tesla or apple or this etf why not use the virtual choice as a method to kind of safe have fun with it certainly you may have missed out on gains and losses during that time of course if you had actually invested your genuine cash it permits you to develop self-confidence understand 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 in fact how to copy people and copy portfolios now here’s something to remember prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure 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 investments the riskier you can be run the risk of simply suggests am i fine with potentially losing a good quantity of this investment or getting as

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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose money but that similarly means they’ll lose at some time in their journey clearly people do make money also and i have actually got videos all about how you can make sure you are among individuals to really generate income but in this situation make certain you research study your threat level would you be alright giving your money to another person which is successfully what you’re doing and trusting them ensure you comprehend what they’re investing in totally if you’re someone who isn’t wishing to be that risky don’t pick somebody 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 conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually use this too really easily over here you can copy individuals now it will offer you a great deal of options and you can use the system to in fact look for somebody that you elegant really following so let’s see possibly we desire someone from joined kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has satisfied that criteria and it does give you a risk factor too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns

bear in mind it resembles anything to do with the news or forecasts 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 way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to confirm are you okay with this and off you go now another way to in fact 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 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 some of mine really that i invest in too which is great 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 good spread in tech business that appears to be what she prefers she’s also got a little bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production business as that. Etoro Trader Stern.

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