Is Etoro Good – Turtles of Trading

On this post you’ll find the answer to Is Etoro Good….Questions that i hear from brand-new financiers what if you’re brand new to investing you simply do not want to decide what you in fact wish to invest and you desire someone to do it for you there’s just a number of ways that that can happen the firstly you can work with a financial investment portfolio manager they’ll normally charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is naturally you can purchase mutual funds particular funds are created once 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 too now if you’re brand new to an overall please keep in mind this platform is quite advanced you can do cfds which naturally cfds are ways of investing

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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform do not just assume because i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they consider that alternative also so you in fact get utilized to the structure of the website and after that when you’re ready to utilize 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 genuine companies if you choose to in this specific video we’re discussing how to copy other individuals’s financial investments with your cash so obviously your capital is at risk and we need to bear that in mind do not just do something because that individual has actually said they’ve made revenue 14 months in a row buy these options since you believe is the right ones for you and that being said let’s dive directly in [Music] The 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 most likely.

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popular for it’s the choice to see what other traders are doing extraordinary we do not usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can in fact state i wish to do exactly what that trader is doing or match that precise portfolio of options and essentially every time they make a trade they buy they offer whatever they do your money will be mimicked with it so that implies 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 likewise cover is the costs included actually important you comprehend what are the expenses of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the zero charge sites then might not charge you for really buying and selling etfs or funds individual products private stocks.

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there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know prior to you really start investing in copy trading or copy portfolios and lastly some best recommendations best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with costs truly important to comprehend these now on there’s a couple of costs there isn’t charges to do with really buying and selling alright so commission charges are totally free nevertheless there are a number of other fees the first one is withdrawal fees so you can obviously put money in now if you remain in the uk we put our uk cash.

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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 offering the minimum amount 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 just withdrawing when i absolutely need to now you may say fine 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 somewhere and withdrawal costs are simply among those alternatives that they have a great deal of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every six months you understand depends totally how you’re investing but that is a cost to keep in mind the 2nd cost that i’ve touched upon is that conversion cost now with you’re dealing in 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 anyway or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading 2 and two free trade anyone at all this is standard they have i suppose stuck with whatever cost they charge for that conversion rate you kind of have to accept you know if you want to utilize their platform go from uk to us then that conversion charge exists what are they actually offering 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 state provide me us dollars rather you need to pay their charges now the terrific aspect of however when you’ve transformed your money you do not need to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually excellent utilizing that part of their website won’t definitely restrict you in any way however we have to know two other fees the very first being what’s called spread costs fine and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you

on is generally the distinction that is part of the investment platform between the buy cost and the list price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that actually means that when you wish to offer or buy as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present cost of tesla is the worth 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 percentage of profit from you every time you do a purchaser’s share so keep that in mind clearly 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 say fine 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 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 firm will again make a little bit money now the last task is called an

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overnight charge now this is really crucial if you’re actually using cfds yourself too an overnight charge is when you’re not doing that buy offer transaction in the same day alright there’s then an over night cost charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one utilize which means you’re actually buying the precise property rather than utilizing take advantage of anyway you won’t get hit with these fees but these charges are if you’re using utilize and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s say if you go into the assistance area this isn’t the over night charges info you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only applies as i stated to cfds there are some service charges naturally depending on what you are purchasing too this is on your own so keep that in mind however full charges are completely within their help information all right 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 regular commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of actually utilizing these copy functions they do not have any additional costs on top of the normal costs that

exist now what you require to bear in mind though is these possibly managed by other people entirely or in some cases have developed portfolios you’ve got a genuine person 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 financial assets so we definitely need to make sure it’s the best person for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of different choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your charge card information or anything you can basically have this virtual portfolio simulate as if you are using your own cash but in fact buy pretend buy copy people whatever you like if you’re not

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feeling comfy with utilizing your real cash perhaps this is a fantastic option for you once again to test the theories okay you may wish to purchase tesla or apple or this etf why not use the virtual choice as a way to kind of safe have fun 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 comprehend the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i mean by that certainly 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 just suggests am i all right with possibly losing a great amount of this investment or acquiring as

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well now keep in mind whatever is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 people will lose money however that similarly implies they’ll lose at some time in their journey undoubtedly individuals do earn money as well and i’ve got videos all about how you can make sure you’re one of individuals to really generate income however in this scenario ensure you research study your risk level would you be alright offering your cash to someone else which is efficiently 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 dangerous don’t choose somebody who’s completely into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities

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like gold or perhaps oil plus more conventional 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 in fact use this too actually easily over here you can copy individuals now it will offer you a great deal of options and you can use the system to really search for someone that you expensive actually following so let’s see perhaps we want somebody from joined kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a great amount and i can find everyone who has actually satisfied that criteria and it does offer you a risk element too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have rather high returns

keep in mind it resembles anything to do with the news or predictions of the future this does not imply 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 then you know ask you to validate are you alright with this and off you go now another way to in fact 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 go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine really that i buy too which is great so really for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the type of primary food business and you have actually got you understand pharmaceutical and production companies as that. Is Etoro Good.

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