Not actually having the full amount of capital…Etoro Copyfund Review… so with anything that you’re learning more about please do study the platform don’t just presume since i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that option as well so you actually get used to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re purchasing real business if you select 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 danger and we need to bear that in mind do not simply do something because that person has actually said they’ve made profit 14 months in a row purchase these options since you think is the right ones for you and that 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 becomes part of social trading which is one aspect that is probably.
well-known for it’s the choice to see what other traders are doing amazing we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can really state i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and generally whenever they make a trade they buy they offer whatever they do your money will be mimicked with it so that suggests if for instance 10 of their financial 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 fees involved truly vital you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are real business 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 no fee websites then might not charge you for actually buying and selling funds or etfs individual commodities individual stocks.
there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs 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 understand prior to you in fact begin investing in copy trading or copy portfolios and finally some finest guidance best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s kick off with fees really crucial to understand these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling okay so commission fees are free however there are a couple of other charges the first one is withdrawal costs so you can clearly put cash in now if you’re in the uk we put our uk money.
and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your money so you offer your shares you sell 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 obviously understanding that i’m going to make sure that i’m only withdrawing when i definitely need to now you may state alright that’s rather expensive 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 just one of those choices that they have a lot of platforms certainly 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 once every 6 months you understand depends completely how you’re investing however that is a charge to bear in mind the second cost that i’ve touched upon is that conversion fee now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk which’s fine that matches me.
a great deal 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 charge now when you utilize anyone so if you’re utilizing trading 2 and 2 free trade anyone at all this is basic they have i expect stuck with whatever cost they charge for that conversion rate you sort of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge is there what are they really 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 provide me us dollars rather you need to pay their fees now the terrific aspect of though when you’ve converted your cash you do not have to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s actually great using that part of their website will not certainly restrict you in any way however we have to be aware of 2 other charges the first being what’s called spread charges fine and i’m going to reveal you what i indicate on now a spread charge as i’m going to show you Etoro Copyfund Review.
You are provided numerous alternatives with this software application and you can configure it nevertheless you see fit. If you’re looking to begin trading the forex market but do not understand which system to select, then this may be exactly what you need.