Etorono – Turtles of Trading

On this post you’ll find the answer to Etorono….Questions that i speak with brand-new investors what if you’re brand new to investing you merely don’t want to decide what you really wish to invest and you want somebody to do it for you there’s only a couple of manner ins which that can occur the to start with you can employ an investment portfolio supervisor they’ll typically charge a quite a high premium to do that perhaps one or two percent of your earnings 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 as well now if you’re brand new to an overall please bear in mind this platform is rather advanced you can do cfds which obviously cfds are ways 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 simply assume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that choice as well so you in fact get utilized to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing real business if you choose to in this specific video we’re talking about how to copy other individuals’s investments with your money so clearly your capital is at risk and we have to bear that in mind do not just do something since that individual has said they’ve made revenue 14 months in a row purchase these options due to the fact that you think is the ideal ones for you and that being stated let’s dive straight in [Music] so 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 probably.

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popular for it’s the option to see what other traders are doing extraordinary we do not usually 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 in fact state i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and basically whenever they make a trade they purchase they offer whatever they do your money will be simulated with it so that suggests 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 charges included really important you understand what are the costs of this now with any platform there will be some expense to obviously these are real 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 zero fee sites then might not charge you for in fact buying and selling funds or etfs specific commodities individual stocks.

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there’ll be costs 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 show you the fees with in particular in this video the next would be things to understand prior to you really begin investing in copy trading or copy portfolios and finally some best guidance finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s begin with charges really crucial to comprehend these now on there’s a couple of costs there isn’t fees to do with really buying and selling alright so commission costs are complimentary nevertheless there are a couple of other costs the first one is withdrawal costs so you can obviously put cash 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 later but when you wish to withdraw your cash so you offer your shares you sell your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to ensure that i’m only withdrawing when i absolutely require to now you might say alright that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are simply among those options that they have a lot of platforms obviously are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every 6 months you understand depends totally how you’re investing however that is a cost to bear in mind the 2nd cost 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 great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading two and 2 free trade anybody this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you kind of need to accept you know if you want to use their platform go from uk to us then that conversion cost is there what are they actually giving you in terms of 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 say offer me us dollars rather you need to pay their costs now the terrific thing about though when you have actually converted your cash you do not have to invest it right away that dollar value can sit 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 occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s really good utilizing that part of their website won’t definitely limit you in any way however we have to be aware of two other charges the first being what’s called spread costs alright and i’m going to show you what i indicate on now a spread charge as i’m going to show you

on is basically the difference that belongs to the financial investment platform in between the buy rate and the list price all right 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 really indicates that when you want to offer or buy as you can see it’s not the price you’re seeing up here let me show you that again so the current price of tesla is the value of a share what’s called spread fees is the distinction then actually 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 certainly it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you state okay well why does that happen 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 sell it which is how they make a little bit of money on those spread out charges it’s usually extremely small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit money now the last accomplishment is called an

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overnight fee now this is actually important if you’re in fact utilizing cfds yourself too an overnight fee is when you’re not doing that buy offer transaction in the very same day fine there’s then an over night fee charged or even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which indicates you’re in fact buying the specific possession rather than utilizing take advantage of anyway you will not get hit with these charges but these charges are if you’re utilizing take advantage of and cfds and after that you’re going to have these fees if you’re not buy selling in the 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 inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that just uses as i stated to cfds there are some surcharges naturally depending upon what you are buying also this is on your own so keep that in mind but complete fees are entirely within their assistance info okay and we discussed in addition to free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of in fact using these copy operates they do not have any extra charges on top of the typical costs that

are there now what you need to keep in mind though is these possibly managed by other people totally or in some cases have developed portfolios you have actually got a genuine person doing the management you need to ensure you pick the person that’s right for you much like any kind of work this is your monetary properties so we absolutely require to make sure it’s the right person for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of different options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option 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 require to put in your credit card details or anything you can essentially have this virtual portfolio simulate as if you are using your own cash however really buy pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with using your genuine money possibly this is a fantastic choice for you once again to test the theories fine you might want to buy tesla or apple or this etf why not utilize the virtual option as a method to type of safe have fun with it clearly you may have lost out on gains and losses throughout that time obviously if you had actually invested your real money it allows you to construct 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 people 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 sure you comprehend what your threat profile is now what do i indicate by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk just indicates am i okay with potentially losing a good quantity of this financial investment or getting as

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well now remember everything is downs and ups you will earn money you’ll lose money that’s why they make the statistic 75 people will lose money however that equally implies they’ll lose at some time in their journey clearly people do make money as well and i’ve got videos everything about how you can make certain you’re one of individuals to actually earn money however in this scenario ensure you research study your danger level would you be all right providing your cash to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re buying completely if you’re someone who isn’t wanting to be that dangerous don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong products

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like gold and even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really use this too really quickly over here you can copy individuals now it will give you a lot of options and you can utilize the system to really search for someone that you fancy in fact following so let’s see maybe we desire someone from joined kingdom um who invests in let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can find everybody who has actually satisfied that criteria and it does offer you a threat factor as well so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns

remember it resembles 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 four or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to verify are you all right with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she in fact investing in so let’s go 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 definitely like type of into those blue box and the tech market she’s got a few of mine actually that i purchase too which is excellent so actually for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s also got a bit more um of the kind of main food business and you have actually got you know pharmaceutical and production business as that. Etorono.

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