Magicpoopcannon Etoro – Turtles of Trading

On this post you’ll find the answer to Magicpoopcannon Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t wish to decide what you really want to invest and you want somebody to do it for you there’s only a number of ways that that can take place the to start with you can employ an investment portfolio supervisor they’ll usually charge a rather a high premium to do that possibly one or two percent of your revenues will go to them the other thing is naturally you can purchase mutual funds specific funds are developed 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 a total please keep in mind this platform is quite advanced 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 learning about please do study the platform don’t simply assume because i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative too so you really get utilized to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re investing in genuine business if you pick to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at threat and we have to bear that in mind do not simply do something because that person has actually stated they have actually made earnings 14 months in a row invest in these options because you think 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 aspect that is most likely.

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well-known for it’s the alternative to see what other traders are doing unbelievable we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can in fact say i want to do precisely what that trader is doing or match that exact portfolio of options and essentially every time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that suggests if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs included truly vital you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the no charge sites then might not charge you for actually buying and selling etfs or funds private commodities individual stocks.

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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know prior to you in fact start investing in copy trading or copy portfolios and lastly some finest advice finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s begin with charges actually essential to comprehend these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling all right so commission costs are complimentary nevertheless there are a couple of other fees the first one is withdrawal costs so you can obviously put cash in now if you’re 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 in the future but when you wish to withdraw your cash so you sell 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 of course understanding that i’m going to make sure that i’m just withdrawing when i absolutely require to now you may say okay that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are simply one of those choices that they have a great deal of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every 6 months you understand depends totally how you’re investing but that is a charge to remember the second fee that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk which’s fine that suits me.

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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m good 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 2 open market anyone at all this is standard they have i suppose stuck with whatever fee they charge for that conversion rate you kind of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge exists what are they actually giving you in regards to 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 rather you have to pay their fees now the terrific aspect of however when you have actually converted your cash you do not need to invest it right now that dollar worth can sit 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 costs so that’s actually excellent utilizing that part of their site will not certainly restrict you in any way however we need to understand 2 other charges the first being what’s called spread fees alright and i’m going to show you what i mean on now a spread fee as i’m going to show you

on is essentially the difference that is part of the investment platform in between the buy price and the sale 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 really implies that when you want to buy or offer as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the existing price of tesla is the value of a share what’s called spread fees is the difference then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of make money from you each time you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to offer so they’re going to offer you less back with your sale and you say okay well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread out charges it’s normally incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a little bit cash now the last accomplishment is called an

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overnight cost now this is really crucial if you’re in fact utilizing cfds yourself also an over night charge is when you’re not doing that buy offer transaction in the very same day all right there’s then an over night fee charged or perhaps if you go from the friday to the monday prior to sailing a weekend cost 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 in fact purchasing the precise asset rather than utilizing utilize anyway you won’t get hit with these fees but these fees are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you go into the aid section this isn’t the overnight fees 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 and that only applies as i stated to cfds there are some added fees obviously depending upon what you are investing in too this is on your own so keep that in mind however full costs are completely within their help info all right and we spoke about along with totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of in fact utilizing these copy functions they do not have any extra fees on top of the regular charges that

are there now what you require to remember though is these possibly handled by other individuals completely or often have actually created portfolios you have actually got a genuine individual doing the management you need to make certain you select the person that’s right for you much like any type of work this is your monetary properties so we definitely 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 utilize this function we’ve got a couple of different choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real money 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 will not need to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are using your own cash however actually buy pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with utilizing your real cash possibly this is a fantastic option for you again to test the theories alright you might want to buy tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe have fun with it certainly you may have lost out on gains and losses during that time of course if you had actually invested your genuine cash it allows you to develop self-confidence comprehend 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 in fact how to copy people and copy portfolios now here’s something to remember prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i indicate by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply indicates am i all right with potentially losing a good amount of this financial 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 statistic 75 people will lose money but that similarly implies they’ll lose at some point in their journey clearly individuals do make money as well and i have actually got videos everything about how you can make sure you are among the people to really generate income however in this circumstance make certain you research your risk level would you be alright offering your cash to somebody else which is effectively what you’re doing and trusting them make certain you understand what they’re buying totally if you’re someone who isn’t wishing to be that dangerous do not choose someone who’s entirely into crypto or currency conversion think about it you ‘d probably want a foundation of strong products

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like gold or even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really utilize this too truly easily over here you can copy people now it will provide you a lot of choices and you can utilize the system to actually search for someone that you expensive really following so let’s see maybe we desire somebody from united 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 good amount and i can discover everyone who has actually satisfied that criteria and it does give you a threat element as well 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 individuals that have quite high returns

remember it’s like 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 basic as clicking the copy button and off you go and after that 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 on this person for instance ruby mza as an example you can really deep dive into what is she really buying so let’s go 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 understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got some of mine in fact that i invest in too which is excellent so actually for me understanding what i like to invest in my private 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 also got a little bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production companies as that. Magicpoopcannon Etoro.

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