Not actually having the full amount of capital…Etoro Copyfunds Review… so with anything that you’re learning more about please do study the platform do not simply presume because i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they consider that alternative also so you actually get utilized to the structure of the site and then when you’re ready to utilize 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 real companies if you pick to in this particular video we’re speaking about how to copy other people’s investments with your money so certainly your capital is at danger and we need to bear that in mind do not just do something since that person has actually said they have actually made earnings 14 months in a row purchase these options because you believe is the right ones for you which being said let’s dive straight 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.
popular for it’s the alternative to see what other traders are doing extraordinary we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can actually say i wish to do exactly what that trader is doing or match that specific portfolio of options and essentially each time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that indicates if for example 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 actually vital you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are real companies 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 websites then might not charge you for actually buying and selling etfs or funds specific commodities specific stocks.
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 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 really begin buying copy trading or copy portfolios and finally some finest advice finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with fees actually crucial to comprehend these now on there’s a number of costs there isn’t costs to do with in fact buying and selling fine so commission costs are free however there are a couple of other costs the first one is withdrawal fees so you can clearly put money in now if you remain in the uk we put our uk cash.
and it’s automatically converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your cash so you offer your shares you offer your commodities 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 naturally understanding that i’m going to make sure that i’m only withdrawing when i absolutely require to now you may state all right that’s rather 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 charges are simply one of those choices that they have a lot of platforms undoubtedly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every 6 months you know depends completely how you’re investing however that is a cost to bear in mind the second fee that i have actually touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk which’s great that fits me.
a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using 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 sort of need to accept you know if you want to use their platform go from uk to us then that conversion fee is there what are they really providing 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 give me us dollars rather you have to pay their costs now the excellent thing about though when you’ve transformed your cash you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that means the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s truly great using that part of their website won’t certainly limit you in any way however we have to understand two other fees the very first being what’s called spread fees okay and i’m going to show you what i imply on now a spread charge as i’m going to show you Etoro Copyfunds Review.
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