How Much Money Can You Lose On Etoro – Turtles of Trading

On this post you’ll find the answer to How Much Money Can You Lose On Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you simply don’t wish to choose what you really want to invest and you want somebody to do it for you there’s just a number of manner ins which that can happen the firstly you can hire a financial investment portfolio supervisor they’ll typically charge a rather 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 purchase mutual funds specific funds are developed 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 an overall please bear in mind this platform is rather innovative you can do cfds which naturally cfds are methods of investing

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with not actually having the full amount of capital so with anything that you’re learning about please do study the platform don’t simply presume since i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they consider that option also so you in fact get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying real business if you pick to in this particular video we’re speaking about how to copy other individuals’s investments with your money so certainly your capital is at risk and we have to bear that in mind do not just do something since that person has actually stated they have actually made profit 14 months in a row invest in these choices since you believe is the right ones for you and that being said let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is most likely.

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popular for it’s the choice to see what other traders are doing unbelievable we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can really say i want to do precisely what that trader is doing or match that precise portfolio of choices and essentially whenever they make a trade they purchase they offer whatever they do your cash will be simulated with it so that implies 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 involved actually important you comprehend what are the expenses of this now with any platform there will be some expense to clearly 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 absolutely no charge sites then might not charge you for in fact buying and selling funds or etfs private commodities specific stocks.

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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand prior to you in fact begin buying copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s start with costs actually crucial to understand these now on there’s a number of charges there isn’t costs to do with actually buying and selling all right so commission charges are totally free however there are a number of other charges the first one is withdrawal charges so you can clearly 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 but when you wish to withdraw your money so you offer 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 5 dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m only withdrawing when i definitely require to now you might state fine that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are simply among those alternatives that they have a great deal of platforms obviously are complimentary 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 6 months you know depends completely how you’re investing however that is a cost to keep in mind the 2nd charge that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not a choice to purchase in euros or uk which’s fine that suits me.

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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading 2 and two open market anyone at all this is basic they have actually i expect stuck with whatever fee they charge for that conversion rate you type of have to accept you know if you wish to utilize their platform go from uk to us then that conversion cost exists what are they in fact providing 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 give me us dollars rather you have to pay their charges now the excellent aspect of however when you’ve transformed your cash you do not need to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s actually great utilizing that part of their site won’t definitely limit you in any way however we need to be aware of two other costs the very first being what’s called spread fees all right and i’m going to show you what i imply on now a spread cost as i’m going to show you

on is essentially the distinction that belongs to the investment platform in between the buy price and the 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 today tesla’s dollar worth 599 per share in tesla that in fact suggests that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me show you that once again so the current rate of tesla is the value of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll find this all over this is another way that they make a small amount of make money from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you state all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you want to sell it which is how they make a little bit of cash on those spread out charges 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 once again make a little bit money now the last feat is called an

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overnight cost now this is really essential if you’re actually utilizing cfds yourself as well an overnight charge is when you’re not doing that buy offer deal in the very same day alright there’s then an over night charge charged and even if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which means you’re really buying the precise possession instead of using take advantage of anyhow you won’t get hit with these fees however these costs are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you enter into the help area this isn’t the overnight costs info you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which just uses as i stated to cfds there are some surcharges of course depending on what you are buying also this is on your own so keep that in mind however full fees are totally within their help info all right and we talked about as well as totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of in fact utilizing these copy works they don’t have any additional costs on top of the typical fees that

exist now what you require to remember though is these potentially handled by other individuals totally or often have actually developed portfolios you have actually got a real individual doing the management you need to ensure you pick the person that’s right for you similar to any kind of work this is your monetary possessions so we definitely require to make certain it’s the ideal person for us prior to 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 options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real 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 won’t need to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own cash however actually buy pretend buy copy individuals whatever you like if you’re not

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feeling comfy with utilizing your real cash maybe this is an excellent alternative for you again to check the theories fine you may wish to buy tesla or apple or this etf why not use the virtual option as a way to type of safe play with it obviously you may have missed out on gains and losses during that time of course if you had invested your real cash it enables you to develop self-confidence understand the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really 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 certain you understand what your threat profile is now what do i mean 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 risk simply implies am i fine with potentially losing an excellent amount of this financial investment or gaining as

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well now remember everything is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose money but that similarly implies they’ll lose at some point in their journey undoubtedly people do earn money also and i’ve got videos everything about how you can make sure you’re one of individuals to in fact earn money but in this situation make sure you research study your threat level would you be alright giving your money to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re buying totally if you’re somebody who isn’t wanting to be that dangerous don’t choose somebody who’s entirely into crypto or currency conversion consider it you ‘d probably desire a backbone of strong products

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like gold or perhaps oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really utilize this too actually 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 someone that you expensive actually following so let’s see maybe we want someone from joined kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has actually satisfied that criteria and it does provide you a danger factor as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have rather high returns

bear in mind it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they might 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 then you know ask you to confirm are you alright 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 in fact deep dive into what is she really buying 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 good to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is good so really for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she chooses she’s likewise 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 Much Money Can You Lose On Etoro.

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