How Long Does It Take To Open An Etoro Account – Turtles of Trading

On this post you’ll find the answer to How Long Does It Take To Open An Etoro Account….Questions that i hear from brand-new financiers what if you’re brand new to investing you simply don’t want to decide what you actually want to invest and you want someone to do it for you there’s just a number of ways that that can occur the first of all you can hire a financial investment portfolio manager they’ll typically charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular funds are produced 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 too now if you’re brand new to an overall please keep in mind this platform is quite innovative you can do cfds which of course cfds are ways of investing

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with not really having the total 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 money they consider that alternative too so you actually get used to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re purchasing genuine business if you select to in this specific video we’re speaking about how to copy other individuals’s financial investments with your money so clearly your capital is at threat and we have to bear that in mind do not just do something since that person has stated they’ve made earnings 14 months in a row purchase these options because you believe is the right 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 becomes part of social trading which is one element that is most likely.

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popular for it’s the option to see what other traders are doing unbelievable we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can actually state i wish to do exactly what that trader is doing or match that precise portfolio of choices and essentially whenever they make a trade they purchase they sell whatever they do your money will be imitated with it so that suggests 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 fees involved truly important you understand what are the costs of this now with any platform there will be some cost to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the no fee sites then may not charge you for really buying and selling etfs or funds specific products specific stocks.

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there’ll be charges on other parts perhaps 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 show you the charges with in particular in this video the next would be things to understand before you really begin investing in copy trading or copy portfolios and finally some best suggestions best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s kick off with charges truly crucial to understand these now on there’s a couple of costs there isn’t fees to do with really buying and selling okay so commission charges are totally free nevertheless there are a number of other costs the very first one is withdrawal charges so you can obviously put money in now if you’re in the uk we put our uk cash.

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and it’s instantly converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money so you sell your shares you sell your products whatever you’re offering 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 make sure that i’m only withdrawing when i absolutely need to now you may state fine that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are simply among those options that they have a lot of platforms obviously are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every six months you understand depends totally how you’re investing but that is a fee to bear in mind the second cost that i have actually touched upon is that conversion charge now with you’re handling us dollars only there’s not an alternative to purchase 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 purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and two free trade anyone at all this is basic they have actually i suppose stuck to whatever fee they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion fee is there what are they really 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 instead you have to pay their charges now the terrific thing about though when you’ve converted your cash you do not need to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that implies the preliminary 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 fees so that’s really good utilizing that part of their website will not definitely restrict you in any way however we need to understand 2 other costs the first being what’s called spread costs fine and i’m going to show you what i suggest on now a spread cost as i’m going to reveal you

on is basically the difference that belongs to the investment platform in between the buy rate and the list price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that really indicates that when you want to offer or purchase as you can see it’s not the cost you’re seeing up here let me reveal 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 everywhere this is another way that they make a small amount of make money 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 provide you less back with your sale and you say okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to offer it and that is how they make a bit of money on those spread out charges it’s normally extremely little it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit cash now the last accomplishment is called an

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overnight charge now this is really essential if you’re actually using cfds yourself as well an overnight charge is when you’re not doing that buy sell transaction in the same day fine there’s then an overnight charge charged or even if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one utilize which means you’re in fact purchasing the precise asset instead of using leverage anyway you will not get hit with these fees however these fees are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you go into the help section this isn’t the overnight 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 applies as i stated to cfds there are some service charges obviously depending upon what you are buying also this is on your own so keep that in mind but complete costs are totally within their assistance info okay and we discussed in addition to free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of really utilizing these copy works they don’t have any additional fees on top of the typical fees that

exist now what you need to remember though is these possibly handled by other individuals entirely or often have actually created portfolios you have actually got a genuine person doing the management you have to ensure you choose the person that’s right for you similar to any line of work this is your monetary properties so we absolutely need to make certain it’s the best 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 alternatives for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money however really purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with utilizing your real cash possibly this is a terrific choice for you again to test the theories alright you may want to purchase tesla or apple or this etf why not utilize the virtual option as a way to type of safe play with it clearly you might have lost out on gains and losses throughout that time naturally if you had invested your real money it enables you to develop confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really 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 understand what your threat profile is now what do i imply 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 run the risk of just implies am i okay with possibly losing a great quantity of this financial investment or gaining as

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well now keep in mind everything is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 people will lose money however that similarly means they’ll lose at some point in their journey obviously individuals do make money as well and i have actually got videos everything about how you can make sure you are among individuals to actually earn money but in this situation ensure you research your risk level would you be all right offering your cash to another person which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing completely if you’re somebody who isn’t wanting to be that risky do not select somebody who’s entirely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products

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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 say you can in fact utilize this too actually easily over here you can copy individuals now it will offer you a great deal of options and you can utilize the system to in fact search for somebody that you elegant really following so let’s see possibly we want somebody 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 find everyone who has actually met that criteria and it does provide you a threat element too 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 rather high returns

remember 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 basic as clicking the copy button and off you go and then you know ask you to verify are you fine with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she actually 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 little bit so that’s good to understand ibm paypal yep she’s absolutely 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 good so in fact for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production business as that. How Long Does It Take To Open An Etoro Account.

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