Etoro Trading Knowledge Questions – Turtles of Trading

On this post you’ll find the answer to Etoro Trading Knowledge Questions….Concerns that i speak with brand-new investors what if you’re brand new to investing you merely don’t wish to decide what you actually want to invest and you want somebody to do it for you there’s only a number of ways that that can occur the first of all you can hire an investment portfolio supervisor they’ll generally charge a quite a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is obviously you can buy mutual funds particular funds are created once 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 as well now if you’re brand new to a total please remember this platform is rather advanced you can do cfds which of course cfds are methods of investing

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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform do not just presume due to the fact that i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that option also so you in fact get used to the structure of the site and then when you’re ready to use your own money 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 purchasing genuine business if you pick to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so certainly your capital is at risk and we have to bear that in mind do not simply do something because that person has stated they have actually made profit 14 months in a row buy these choices due to the fact that you believe is the right ones for you and that being said 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 aspect that is most likely.

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popular for it’s the option to see what other traders are doing incredible we don’t typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can in fact state i wish to do precisely what that trader is doing or match that specific portfolio of choices and basically every time they make a trade they purchase they offer whatever they do your money will be simulated with it so that indicates if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs involved actually crucial you comprehend what are the costs of this now with any platform there will be some expense to clearly 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 a few of the zero charge websites then might not charge you for in fact buying and selling etfs or funds private products specific stocks.

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there’ll be charges on other parts perhaps 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 prior to you actually start purchasing copy trading or copy portfolios and lastly some best advice best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s start with charges really important to comprehend these now on there’s a number of fees there isn’t fees to do with really buying and selling okay so commission charges are complimentary however there are a couple of other fees the very first one is withdrawal fees so you can clearly put money 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 in the future but when you want to withdraw your money so you offer your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to ensure that i’m just withdrawing when i definitely require to now you may say fine that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are simply among those options that they have a lot of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every 6 months you know depends entirely how you’re investing but that is a fee to bear in mind the second charge that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s fine that fits 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 good with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading two and two open market anyone at all this is basic they have i expect stuck with whatever cost they charge for that conversion rate you kind of have to accept you know if you wish to utilize their platform go from uk to us then that conversion fee is there what are they actually giving 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 rather you need to pay their charges now the terrific thing about though when you have actually converted your cash you do not have to invest it right away that dollar worth can being in your portfolio as money 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 extra costs so that’s actually good using that part of their site will not definitely limit you in any way however we have to be aware of 2 other fees the very first being what’s called spread fees 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 essentially the difference that belongs to the investment platform in between the buy rate and the sale price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really indicates that when you want to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that again so the current price of tesla is the worth of a share what’s called spread costs is the distinction then in fact to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of benefit from you each time you do a purchaser’s share so keep that in mind obviously it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you state fine well why does that occur it just 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 bit of money on those spread out fees it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a little bit cash now the last feat is called an

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over night fee now this is really essential if you’re in fact using cfds yourself also an overnight charge is when you’re not doing that buy offer deal in the exact same day all right there’s then an over night charge charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one utilize which implies you’re really buying the exact property instead of using take advantage of anyhow you won’t get hit with these costs but these charges are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you enter into the assistance section this isn’t the overnight charges details you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only applies as i said to cfds there are some added fees naturally depending upon what you are purchasing also this is on your own so keep that in mind however full fees are completely within their aid details okay and we discussed as well as complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of really utilizing these copy functions they don’t have any extra costs on top of the regular fees that

are there now what you require to bear in mind though is these possibly handled by other people completely or in some cases have developed portfolios you’ve got a real individual doing the management you need to make certain you pick the person that’s right for you much like any line of work this is your financial possessions so we definitely need to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do want to use this function we have actually got a number of different choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine 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 cash that you’re investing you will not need to put in your credit card information or anything you can basically have this virtual portfolio mimic as if you are using your own money however in fact purchase pretend buy copy people whatever you like if you’re not

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feeling comfy with using your genuine cash perhaps this is a great alternative for you once again to test the theories all right you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a method to sort of safe play with it obviously you may have missed out on gains and losses throughout that time naturally if you had invested your real money it permits you to develop confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to remember prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i indicate by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just means am i all right with possibly losing a great amount of this financial investment or gaining as

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well now remember whatever is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 people will lose money however that equally suggests they’ll lose at some time in their journey undoubtedly people do generate income also and i’ve got videos all about how you can make sure you are among the people to in fact make money but in this situation make sure you research your threat level would you be okay giving your money to another person which is effectively what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re somebody who isn’t wanting to be that risky don’t pick somebody who’s totally into crypto or currency conversion consider it you ‘d probably desire a backbone 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 say you can really utilize this too truly quickly over here you can copy individuals now it will give you a great deal of choices and you can use the system to really search for somebody that you expensive really following so let’s see possibly we want someone from unified kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everybody who has satisfied that criteria and it does give you a threat factor as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have rather high returns

keep in mind it resembles anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other 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 fine with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she really purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know 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 purchase too which is great so in fact for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s also got a bit more um of the kind of primary food business and you have actually got you understand pharmaceutical and production companies as that. Etoro Trading Knowledge Questions.

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