Transfering From Etoro To Robinhood – Turtles of Trading

On this post you’ll find the answer to Transfering From Etoro To Robinhood….Concerns that i hear from brand-new financiers what if you’re brand new to investing you merely don’t want to choose what you actually wish to invest and you desire someone to do it for you there’s just a couple of ways that that can take place the first off you can employ an investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds particular funds are produced 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 bear in mind this platform is quite advanced you can do cfds which naturally cfds are methods 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 assume since i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they consider that choice as well so you really get utilized to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing real business if you choose to in this particular video we’re discussing how to copy other people’s investments with your money 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’ve made revenue 14 months in a row buy these options since you think is the best 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 probably.

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popular for it’s the option to see what other traders are doing incredible we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests 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 each time they make a trade they purchase they offer whatever they do your money will be mimicked 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 likewise cover is the fees included truly vital you understand what are the expenses of this now with any platform there will be some cost 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 some of the no cost sites then may not charge you for in fact buying and selling etfs or funds specific products individual stocks.

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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you really begin investing in copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with fees really crucial to comprehend these now on there’s a number of costs there isn’t costs to do with actually buying and selling alright so commission costs are free nevertheless there are a number of other fees the first one is withdrawal costs so you can undoubtedly 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 however when you want to withdraw your money so you sell your shares you sell your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally understanding that i’m going to ensure that i’m only withdrawing when i definitely require to now you might state alright that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are simply among those choices that they have a lot of platforms undoubtedly are totally 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 once every six months you understand depends totally how you’re investing but that is a cost to remember the second charge that i have actually discussed is that conversion charge now with you’re dealing in us dollars just 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 or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading two and two free trade anyone at all this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you kind 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 in fact providing 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 state provide me us dollars rather you have to pay their fees now the terrific thing about however when you have actually transformed your cash you do not have to invest it immediately that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests 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 extra costs so that’s truly great using that part of their site won’t definitely restrict you in any way however we have to understand two other charges the very first being what’s called spread fees all right and i’m going to show you what i indicate on now a spread fee as i’m going to show you

on is basically the difference that is part of the investment platform between the buy rate and the list price alright 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 value 599 per share in tesla that in fact means that when you want to purchase 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 present price of tesla is the worth of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of benefit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to offer so they’re going to offer you less back with your sale and you say all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you wish to offer it and that is how they make a little bit of cash on those spread out fees it’s normally incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a bit money now the last task is called an

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overnight fee now this is truly important if you’re in fact utilizing cfds yourself too an over night fee is when you’re refraining from doing that buy offer deal in the exact same day fine there’s then an over night fee charged or perhaps if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re actually buying the precise property rather than using utilize anyhow you will not get hit with these fees but these charges are if you’re utilizing take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s state if you go into the assistance section this isn’t the over night fees info you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which just applies as i stated to cfds there are some surcharges obviously depending on what you are purchasing too this is on your own so keep that in mind but complete fees are entirely within their aid details fine and we discussed along with free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of really using these copy works they don’t have any additional fees on top of the regular costs that

exist now what you require to remember though is these possibly managed by other individuals completely or in some cases have actually developed portfolios you have actually got a real individual doing the management you have to make sure you choose the individual that’s right for you much like any line of work this is your monetary properties so we absolutely need to make sure it’s the right individual 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 choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual means i believe 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 information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash however really purchase pretend buy copy people whatever you like if you’re not

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feeling comfortable with using your genuine money perhaps this is a great choice for you again to check the theories okay you might want to purchase tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it obviously you may have lost out on gains and losses during that time naturally if you had actually invested your genuine money it enables you to construct confidence understand 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 in fact how to copy individuals and copy portfolios now here’s something to keep in mind before you pick someone 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 indicate by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply indicates am i fine with potentially losing a good quantity of this financial investment or gaining as

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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the figure 75 people will lose cash but that equally suggests they’ll lose at some time in their journey clearly individuals do earn money as well and i have actually got videos everything about how you can make sure you’re one of individuals to in fact make money however in this scenario make sure you research study your threat level would you be fine providing your money to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re someone who isn’t wanting to be that dangerous do not pick someone who’s entirely into crypto or currency conversion consider it you ‘d most likely 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 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 in fact use this too really easily over here you can copy individuals now it will offer you a great deal of choices and you can use the system to actually search for someone that you elegant in fact following so let’s see possibly we desire someone from joined kingdom um who purchases let’s see who does etfs they have actually gained 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 factor as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of people that have rather high returns

bear in mind 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 might make 4 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 all right with this and off you go now another method 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 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 bit so that’s good to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine in fact that i buy too which is great so actually for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she prefers she’s also got a little bit more um of the type of primary food companies and you have actually got you know pharmaceutical and production business as that. Transfering From Etoro To Robinhood.

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