Is Etoro Good For Day Trading – Turtles of Trading

On this post you’ll find the answer to Is Etoro Good For Day Trading….Questions that i speak with new investors what if you’re brand new to investing you simply do not want to decide what you actually wish to invest and you want somebody to do it for you there’s only a couple of manner ins which that can occur the to start with you can hire a financial investment portfolio manager they’ll generally charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds particular 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 a total please keep in mind this platform is quite innovative you can do cfds which of course cfds are methods of investing

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with not really having the full amount of capital so with anything that you’re discovering please do study the platform do not simply presume since i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they consider that alternative also so you really get used to the structure of the site 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 companies if you choose to in this particular video we’re speaking about how to copy other people’s financial investments with your money so clearly your capital is at threat and we have 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 invest in these options since you believe is the ideal ones for you and that 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 aspect that is probably.

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famous for it’s the option to see what other traders are doing incredible we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can really state i wish to do exactly what that trader is doing or match that exact portfolio of choices and basically whenever they make a trade they buy they offer whatever they do your money will be imitated with it so that suggests if for instance 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 also cover is the fees involved truly crucial you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the absolutely no charge websites then might not charge you for actually buying and selling etfs or funds individual commodities specific stocks.

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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs 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 know before you actually start investing in copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s start with costs actually essential to understand these now on there’s a couple of costs there isn’t fees to do with really buying and selling all right so commission costs are totally free however there are a couple of other charges the very first one is withdrawal charges so you can undoubtedly put cash in now if you remain in the uk we put our uk money.

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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your money so you offer your shares you offer 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 of course knowing that i’m going to make sure that i’m just withdrawing when i definitely require to now you may state alright that’s quite pricey and i get that but 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 perhaps even once a year once every 6 months you understand depends completely how you’re investing however that is a fee to keep in mind the 2nd fee that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an option to buy in euros or uk which’s fine that matches me.

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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading two and two open market anybody this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you kind of have to accept you know if you wish to utilize their platform go from uk to us then that conversion charge exists what are they in fact offering you in terms of 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 say offer me us dollars instead you have to pay their charges now the fantastic feature of though when you have actually converted your money 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 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 additional charges so that’s really good utilizing that part of their website won’t certainly restrict you in any way however we need to be aware of 2 other charges the very first being what’s called spread costs alright and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you

on is essentially the distinction that becomes part of 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 today tesla’s dollar worth 599 per share in tesla that in fact indicates that when you wish to buy or sell as you can see it’s not the price you’re seeing up here let me show you that once again so the existing price of tesla is the value of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind clearly it’s more expensive to buy than it is to offer so they’re going to give you less back with your sale and you state fine well why does that happen it just 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 and that is how they make a bit of money on those spread out fees it’s usually extremely small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit cash now the last accomplishment is called an

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over night cost now this is actually essential if you’re really using cfds yourself too an overnight fee is when you’re refraining from doing that buy offer transaction in the exact same day alright there’s then an over night charge charged or perhaps 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 really buying out the etf the stock the commodity and using time one utilize which suggests you’re in fact buying the precise property instead of using utilize anyway you will not get hit with these fees however these costs are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the assistance area this isn’t the overnight charges 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 over night or you’re doing over weekends which just applies as i stated to cfds there are some surcharges of course depending upon what you are investing in as well this is on your own so keep that in mind but full costs are completely within their assistance details alright and we discussed as well as free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of in fact using these copy functions they do not have any additional charges on top of the typical costs that

are there now what you require to bear in mind though is these possibly managed by other people completely or sometimes have actually produced portfolios you’ve got a real individual doing the management you need to make certain you choose the person that’s right for you similar to any type of work this is your monetary assets so we definitely require to ensure it’s the right individual for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of different options 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 genuine cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your credit card information or anything you can essentially have this virtual portfolio imitate as if you are using your own cash however really buy pretend buy copy people whatever you like if you’re not

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feeling comfortable with using your genuine cash perhaps this is a terrific choice for you again to test the theories alright you might wish to buy tesla or apple or this etf why not use the virtual choice as a method to sort of safe play with it obviously you may have lost out on gains and losses throughout that time obviously if you had actually invested your real cash it permits you to develop self-confidence understand the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to remember prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i indicate by that clearly 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 risk simply implies am i okay with possibly losing a great amount of this investment or getting as

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well now remember whatever is downs and ups you will earn money you’ll lose cash that’s why they make the statistic 75 individuals will lose cash however that equally indicates they’ll lose at some time in their journey undoubtedly people do earn money also and i’ve got videos all about how you can ensure you are among the people to in fact make money but in this situation make certain you research your danger level would you be alright offering your money to another person which is successfully what you’re doing and trusting them make certain you understand what they’re buying fully if you’re someone who isn’t wishing to be that risky don’t pick someone who’s totally into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities

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like gold and 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 say you can really utilize this too truly quickly over here you can copy people now it will offer you a great deal of choices and you can utilize the system to actually search for someone that you expensive in fact following so let’s see perhaps we want someone from united kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a good quantity and i can discover everyone who has satisfied that criteria and it does provide you a threat element as well so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of people that have quite high returns

remember it’s like anything to do with the news or predictions of the future this does not suggest someone 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 easy as clicking the copy button and off you go and then you know ask you to validate are you okay with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she really investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine in fact that i invest in too which is good so in fact for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s likewise got a bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production business as that. Is Etoro Good For Day Trading.

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