How To Use Etoro Money – Turtles of Trading

On this post you’ll find the answer to How To Use Etoro Money….Concerns that i speak with brand-new financiers what if you’re brand new to investing you simply don’t wish to decide what you actually want to invest and you desire somebody to do it for you there’s only a couple of ways that that can take place the first off you can employ a financial investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are created 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 also now if you’re brand new to an overall please remember this platform is rather innovative you can do cfds which obviously 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 about please do study the platform do not simply presume since i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they give that alternative as well 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 obviously your capital is at danger this is investing we’re doing you’re investing in real business if you choose to in this particular video we’re discussing how to copy other individuals’s investments with your cash so clearly your capital is at risk and we have to bear that in mind do not just do something since that person has actually said they have actually made earnings 14 months in a row purchase these options because you believe is the right ones for you which being stated let’s dive directly 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 most likely.

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popular for it’s the choice to see what other traders are doing incredible we don’t generally 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 cash we can actually state i want to do exactly what that trader is doing or match that exact portfolio of options and basically whenever they make a trade they buy they sell whatever they do your cash will be imitated with it so that means if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees included actually crucial you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the absolutely no fee websites then may not charge you for in fact buying and selling funds or etfs private products individual 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 kinds of charges associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know before you really start purchasing copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s start with costs actually important to comprehend these now on there’s a couple of fees there isn’t costs to do with actually buying and selling okay so commission fees are free however there are a couple of other fees the first one is withdrawal charges so you can certainly put cash in now if you remain in the uk we put our uk cash.

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and it’s automatically 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 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 naturally knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you might say alright that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are simply among those options that they have a lot of platforms clearly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you know depends entirely how you’re investing but that is a charge to bear in mind the 2nd fee that i’ve discussed is that conversion fee now with you’re dealing in us dollars just there’s not an option to buy in euros or uk which’s fine that suits me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading two and 2 free trade anybody this is basic they have i expect stuck to whatever fee they charge for that conversion rate you type of have to accept you understand if you wish to use their platform go from uk to us then that conversion fee exists 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 provide me us dollars rather you have to pay their fees now the great aspect of though when you have actually converted your money you do not have to invest it right now 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 takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s actually great utilizing that part of their site will not certainly restrict you in any way nevertheless we need to understand two other costs the first being what’s called spread charges all right and i’m going to show you what i suggest on now a spread fee as i’m going to show you

on is essentially the distinction that is part of the financial investment platform in between the buy rate and the list price alright 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 means that when you want to offer or purchase as you can see it’s not the cost you’re seeing up here let me show you that once again so the present rate of tesla is the worth 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 percentage of make money from you whenever you do a buyer’s share so keep that in mind clearly it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you say fine 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 want to sell it which is how they make a little bit of money on those spread costs it’s generally incredibly 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 cash now the last task is called an

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overnight cost now this is truly essential if you’re in fact using cfds yourself as well an over night fee is when you’re not doing that buy offer transaction in the exact 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 charge now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one utilize which implies you’re really purchasing the specific asset rather than using leverage anyway you won’t get hit with these fees however these charges 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 same day so let’s state if you go into the assistance section this isn’t the overnight fees information you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only uses as i said to cfds there are some surcharges naturally depending on what you are buying also this is on your own so keep that in mind but complete costs are entirely within their aid details alright and we spoke about in addition to complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of in fact utilizing these copy functions they do not have any extra costs on top of the normal costs that

exist now what you need to bear in mind though is these potentially handled by other people entirely or often have created portfolios you’ve got a real person doing the management you have to ensure you choose the individual that’s right for you just like any profession this is your financial possessions so we absolutely require to make sure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to use this function we’ve got a couple of various alternatives 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 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 cash that you’re investing you won’t require to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are using your own cash but really purchase pretend buy copy people whatever you like if you’re not

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feeling comfy with using your real money maybe this is a fantastic choice for you again to check the theories okay you may want to purchase tesla or apple or this etf why not use the virtual alternative as a method to kind of safe play with it clearly you may have missed out on gains and losses during that time obviously if you had actually invested your genuine money it allows you to develop 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 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 danger 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 run the risk of just indicates am i alright with possibly losing a good quantity of this financial investment or gaining as

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well now remember whatever is downs and ups you will generate income you’ll lose cash that’s why they make the figure 75 people will lose cash however that similarly implies they’ll lose at some point in their journey clearly people do earn money also and i’ve got videos everything about how you can make sure you’re one of the people to actually earn money however in this circumstance ensure you research study your risk level would you be alright offering your money to somebody else which is successfully what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re somebody who isn’t wanting to be that risky do not choose somebody who’s entirely into crypto or currency conversion think of 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 really use this too really easily over here you can copy people now it will give you a lot of options and you can utilize the system to really look for somebody that you expensive really following so let’s see possibly we desire someone from unified kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a great amount and i can find everyone who has fulfilled that criteria and it does offer 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 certainly there are a number of people that have quite high returns

keep in mind it resembles anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to confirm are you alright with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she actually buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got some of mine really that i buy too which is excellent so actually for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s likewise got a 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 Use Etoro Money.

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