Iris Chan Etoro – Turtles of Trading

On this post you’ll find the answer to Iris Chan Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you simply do not wish to decide what you in fact want to invest and you desire somebody to do it for you there’s just a couple of ways that that can take place the first off you can hire an investment portfolio supervisor they’ll generally charge a rather a high premium to do that possibly one or two percent of your profits will go to them the other thing is obviously you can buy mutual funds specific funds are developed 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 as well now if you’re brand new to an overall please bear in mind this platform is quite sophisticated you can do cfds which obviously cfds are ways of investing

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with not really having the total of capital so with anything that you’re discovering please do study the platform do not simply presume since i utilize 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 choice also so you really get used to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in genuine companies if you pick to in this particular video we’re discussing how to copy other people’s financial investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not simply do something since that person has actually said they have actually made earnings 14 months in a row purchase these options due to the fact that you believe is the right ones for you which being said let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one element that is most likely.

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famous for it’s the option to see what other traders are doing unbelievable we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can actually say i want to do precisely what that trader is doing or match that specific portfolio of alternatives and essentially every time they make a trade they purchase they sell whatever they do your money will be simulated with it so that suggests if for example 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 charges included really vital you understand what are the costs of this now with any platform there will be some cost to obviously 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 absolutely no cost sites then may not charge you for really buying and selling funds or etfs specific products private stocks.

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there’ll be fees on other parts maybe 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 know before you really begin purchasing copy trading or copy portfolios and finally some best suggestions best practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s start with charges truly important to comprehend these now on there’s a couple of fees there isn’t costs to do with actually buying and selling fine so commission charges are complimentary nevertheless there are a number of other fees the very first one is withdrawal fees so you can certainly put money in now if you remain in the uk we put our uk money.

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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your cash so you offer your shares you offer your commodities whatever you’re selling the minimum quantity 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 absolutely require to now you might say okay that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are simply one of those alternatives that they have a great deal of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every 6 months you understand depends completely how you’re investing however that is a charge to remember the second cost that i’ve discussed is that conversion cost now with you’re handling us dollars just there’s not an option to purchase in euros or uk which’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 even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading 2 and two open market anyone at all this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you kind of need to accept you know if you want to use their platform go from uk to us then that conversion fee is there what are they really 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 need to pay their fees now the excellent thing about however when you’ve converted your cash you do not have to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you buy or transform 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 good using that part of their website will not definitely restrict you in any way however we need to know 2 other costs the first being what’s called spread costs alright and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you

on is basically the difference that belongs to the investment platform between the buy rate and the price okay it’s their premium on doing both those two 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 in fact means that when you want to offer or buy as you can see it’s not the cost you’re seeing up here let me show you that again so the present rate of tesla is the value of a share what’s called spread costs 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 benefit from you whenever you do a buyer’s share so keep that in mind clearly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you state alright well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to sell it and that is how they make a bit of cash on those spread charges it’s typically incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit cash now the last accomplishment is called an

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over night charge now this is truly important if you’re actually utilizing cfds yourself also an overnight fee is when you’re refraining from doing that buy sell transaction in the very same day okay there’s then an overnight cost charged and even if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one leverage which means you’re really buying the specific possession instead of utilizing utilize anyhow you won’t get hit with these costs however these fees are if you’re using utilize and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s say if you go into the aid section this isn’t the overnight charges details 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 overnight or you’re doing over weekends which just uses as i said to cfds there are some additional charges of course depending on what you are purchasing also this is on your own so keep that in mind however complete charges are totally within their help information alright and we spoke about along with totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of actually using these copy works they do not have any additional fees on top of the typical costs that

are there now what you require to bear in mind though is these potentially managed by other individuals completely or sometimes have produced 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 profession this is your monetary possessions so we absolutely need to make sure it’s the ideal person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a couple of different alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your credit card details or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own cash but actually buy pretend buy copy individuals whatever you like if you’re not

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feeling comfy with utilizing your genuine money perhaps this is a great option for you again to check the theories okay you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a method to sort of safe play with it clearly you might have lost out on gains and losses throughout that time naturally if you had actually invested your real cash it allows you to build confidence understand the platform so that’s one alternative for you then next week and i’m going to go back 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 pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger 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 investments the riskier you can be run the risk of simply suggests am i alright with potentially losing a good amount of this investment or acquiring as

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well now remember whatever is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose cash but that similarly suggests they’ll lose eventually in their journey obviously individuals do earn money as well and i’ve got videos all about how you can make sure you are among individuals to in fact generate income however in this situation make certain you research study your risk level would you be fine providing your cash to another person which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re somebody who isn’t wishing to be that risky don’t pick someone who’s completely into crypto or currency conversion think about it you ‘d probably want a foundation of strong commodities

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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 exact same with who you’re following now as i say you can in fact utilize this too actually quickly over here you can copy individuals now it will give you a lot of choices and you can use the system to actually look for someone that you elegant in fact following so let’s see perhaps we desire someone from unified 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 great quantity and i can discover everybody who has fulfilled that criteria and it does provide you a risk element too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns

remember it’s like 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 could make four or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to confirm are you fine with this and off you go now another method to actually deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she in fact investing in so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine really that i buy too which is excellent so actually for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s likewise got a little bit more um of the kind of main food companies and you’ve got you understand pharmaceutical and production business as that. Iris Chan Etoro.

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