Explain Etoro Account Statment – Turtles of Trading

On this post you’ll find the answer to Explain Etoro Account Statment….Questions that i speak with new investors what if you’re brand new to investing you merely do not wish to decide what you really wish to invest and you desire someone to do it for you there’s only a couple of ways that that can happen the firstly you can employ a financial investment portfolio manager they’ll normally charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular funds are developed 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 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 full amount of capital so with anything that you’re learning more about please do study the platform don’t 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 too so you really get used to the structure of the website and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re purchasing real business if you pick to in this particular video we’re discussing how to copy other people’s financial investments with your cash so certainly your capital is at risk and we have to bear that in mind do not simply do something because that individual has actually stated they have actually made profit 14 months in a row invest in these choices since you believe is the ideal ones for you which being stated let’s dive straight in [Music] The things we’re going to cover in this video is comprehending 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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well-known for it’s the choice 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 suggests with our cash we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of alternatives and essentially each time they make a trade they buy they offer whatever they do your cash will be simulated with it so that suggests if for instance 10 of their financial 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 charges involved actually important you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero charge websites then may not charge you for actually buying and selling etfs or funds private products private stocks.

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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges 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 before you really begin buying copy trading or copy portfolios and finally some finest advice best practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s start with costs truly crucial to understand these now on there’s a couple of charges there isn’t fees to do with really buying and selling fine so commission costs are totally free however there are a couple of other charges the first one is withdrawal costs so you can obviously put money in now if you remain in the uk we put our uk money.

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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your cash 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 knowing that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might say okay that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are just among those alternatives that they have a great deal of platforms certainly are totally free 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 as soon as every 6 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 fee now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’s great that fits 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 good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and 2 free trade anybody this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you sort of have to accept you understand if you wish to use their platform go from uk to us then that conversion cost exists what are they really providing 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 give me us dollars instead you have to pay their charges now the excellent feature of however when you have actually converted your money you do not have to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that means the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s actually good using that part of their website won’t certainly limit you in any way nevertheless we have to be aware of 2 other costs the first being what’s called spread fees fine and i’m going to show you what i suggest on now a spread charge as i’m going to show you

on is basically the distinction that belongs to the financial investment platform between the buy price and the price fine it’s their premium on doing both those 2 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 actually indicates that when you wish to purchase or offer as you can see it’s not the rate you’re seeing up here let me show you that again so the existing cost of tesla is the worth of a share what’s called spread charges 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 buyer’s share so keep that in mind obviously it’s more expensive to buy than it is to offer so they’re going to offer 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 distinction between if you’re buying it then you wish to sell it which is how they make a bit of cash on those spread out costs it’s generally incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit money now the last accomplishment is called an

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overnight charge now this is actually essential if you’re actually utilizing cfds yourself as well an overnight fee is when you’re refraining from doing that buy offer deal in the same day fine there’s then an overnight cost charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which indicates you’re in fact buying the precise asset instead of using leverage anyhow you will not get hit with these costs but these costs are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you go into the help section this isn’t the overnight costs information 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 overnight or you’re doing over weekends and that just applies as i said to cfds there are some added fees obviously depending on what you are investing in also this is on your own so keep that in mind however complete costs are entirely within their assistance information alright and we discussed along with totally free 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 cost now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of really using these copy functions they do not have any extra fees on top of the normal fees that

exist now what you require to remember though is these possibly managed by other people totally or sometimes have created portfolios you have actually got a real person doing the management you need to make certain you choose the individual that’s right for you just like any kind of work this is your financial possessions so we absolutely require to make certain it’s the right individual for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of different alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun 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 imitate as if you are utilizing your own cash but actually buy pretend buy copy people whatever you like if you’re not

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feeling comfortable with using your genuine cash maybe this is a fantastic option for you again to evaluate the theories all right you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to type of safe play with it undoubtedly you might have missed out on gains and losses during that time naturally if you had invested your genuine cash it permits you to construct self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact 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 certain you comprehend what your risk profile is now what do i imply by that certainly 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 run the risk of just indicates am i okay with potentially losing a great quantity of this investment or gaining as

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well now keep in mind everything is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 individuals will lose cash but that similarly means they’ll lose at some point in their journey obviously individuals do make money too and i have actually got videos everything about how you can make certain you’re one of the people to actually make money however in this circumstance make sure you research study your danger level would you be all right providing your cash to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re investing in totally if you’re someone who isn’t wanting to be that dangerous do not select somebody who’s totally into crypto or currency conversion think about it you ‘d most likely want a backbone of strong commodities

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like gold and even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really utilize this too really easily 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 fancy actually following so let’s see perhaps we want someone from united kingdom um who buys let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has actually met 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 certainly there are a number of individuals that have quite high returns

bear in mind it’s like anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to verify are you okay with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she actually 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 great to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is great so actually for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent 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 understand pharmaceutical and production companies as that. Explain Etoro Account Statment.

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