How To Close Your Etoro Account – Turtles of Trading

On this post you’ll find the answer to How To Close Your Etoro Account….Questions that i speak with brand-new financiers what if you’re brand new to investing you just do not wish to decide what you actually wish to invest and you want someone to do it for you there’s only a couple of ways that that can happen the firstly you can work with an investment portfolio manager they’ll generally charge a quite a high premium to do that perhaps one or two percent of your profits will go to them the other thing is naturally you can purchase mutual funds specific funds are produced 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 also now if you’re brand new to an overall please keep in mind this platform is rather innovative you can do cfds which naturally cfds are ways of investing

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with not actually having the total of capital so with anything that you’re discovering please do study the platform don’t just presume due to the fact that i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that option too so you really 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 investing in real business if you select to in this particular video we’re discussing how to copy other individuals’s financial investments with your money so clearly your capital is at risk and we need to bear that in mind do not just do something since that individual has said they have actually made profit 14 months in a row invest in these choices due to the fact that you believe is the best ones for you which 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’s part of social trading which is one element that is probably.

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popular for it’s the alternative to see what other traders are doing extraordinary we do not generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can actually say i want to do precisely what that trader is doing or match that specific portfolio of options and generally every time they make a trade they purchase they offer whatever they do your money will be simulated with it so that means 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 likewise cover is the costs involved really vital you understand what are the expenses of this now with any platform there will be some expense to obviously these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the no cost websites then might not charge you for actually buying and selling funds or etfs private commodities specific stocks.

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there’ll be costs on other parts possibly 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 reveal you the fees with in particular in this video the next would be things to understand before you in fact start purchasing copy trading or copy portfolios and lastly some finest advice finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s begin with charges actually essential to comprehend these now on there’s a number of costs there isn’t costs to do with really buying and selling fine so commission fees are complimentary however there are a couple of other costs the very first one is withdrawal charges so you can undoubtedly 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 however when you want to withdraw your money so you offer your shares you sell 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 naturally understanding that i’m going to ensure that i’m just withdrawing when i definitely need to now you might say okay that’s quite 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 costs are simply one of those alternatives that they have a lot of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every 6 months you understand depends totally how you’re investing but that is a fee to remember the 2nd fee that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk which’s fine that fits 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 great with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and two free trade anyone at all this is basic they have actually i expect stuck with whatever fee they charge for that conversion rate you kind of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge 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 instead you need to pay their fees now the excellent thing about however when you’ve transformed 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 suggests the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s really good using that part of their site won’t definitely limit you in any way nevertheless we need to understand 2 other charges the first being what’s called spread fees all right and i’m going to reveal you what i suggest on now a spread charge as i’m going to reveal you

on is generally the distinction that becomes part of the financial investment platform in between the buy cost and the price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that actually indicates that when you wish to buy or offer as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing cost of tesla is the value of a share what’s called spread fees is the distinction then really to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of profit from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to sell so they’re going to give you less back with your sale and you say alright well why does that occur it just does that is the nature of a lot 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 costs it’s normally extremely small it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a bit cash now the last accomplishment is called an

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overnight charge now this is truly important if you’re in fact using cfds yourself too an overnight charge is when you’re not doing that buy sell transaction in the same day fine there’s then an over night fee 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 product and using time one leverage which means you’re really purchasing the specific asset instead of using leverage anyhow you will not get hit with these fees however these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s say if you go into the aid section this isn’t the overnight fees info you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends and that only uses as i said to cfds there are some additional charges naturally depending upon what you are purchasing as well this is on your own so keep that in mind however full charges are totally within their aid information okay and we talked about in addition to free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product 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 operates they do not have any extra fees on top of the normal fees that

exist now what you require to keep in mind though is these possibly managed by other people totally or often have developed portfolios you have actually got a real person doing the management you need to ensure you choose the individual that’s right for you much like any type 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 use this function we’ve got a number of different alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual ways 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 information or anything you can basically have this virtual portfolio simulate as if you are using your own cash however actually purchase pretend buy copy people whatever you like if you’re not

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feeling comfy with utilizing your real money perhaps this is an excellent option for you again to test the theories fine you might wish to purchase tesla or apple or this etf why not use the virtual option as a method to kind of safe play with it clearly you may have missed out on gains and losses throughout that time obviously if you had actually invested your real money it permits you to develop confidence understand the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i indicate by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of just indicates am i fine with possibly losing an excellent amount of this investment or getting as

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well now remember everything is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose money but that equally means they’ll lose at some time in their journey obviously individuals do make money too and i’ve got videos all about how you can make sure you’re one of individuals to actually generate income but in this situation make certain you research your risk level would you be alright offering your money to another person which is effectively what you’re doing and trusting them make certain you understand what they’re investing in fully if you’re somebody who isn’t wanting to be that dangerous do not pick someone who’s completely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products

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like gold or even oil plus more traditional etfs and index funds you might 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 actually utilize this too truly 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 in fact following so let’s see perhaps we desire somebody from unified 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 great amount and i can find everybody who has actually satisfied that requirements and it does give you a danger element as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously 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 suggest somebody 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 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 actually deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she really purchasing 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 great to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is excellent so actually for me knowing what i like to purchase my individual 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 also got a little bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production business as that. How To Close Your Etoro Account.

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