Not really having the full amount of capital…Etoro How To Send Crypto… 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 money they give that option as well so you in fact get used to the structure of the site 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 buying genuine business if you choose 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 risk and we have to bear that in mind do not simply do something since that individual has actually stated they’ve made profit 14 months in a row invest in these options due to the fact that you think is the best ones for you and that being stated let’s dive straight 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 probably.
popular for it’s the choice to see what other traders are doing amazing we don’t generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can in fact state i wish to do precisely what that trader is doing or match that exact portfolio of options and essentially every time they make a trade they purchase they sell whatever they do your money will be simulated with it so that means if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the fees involved truly vital you understand what are the costs of this now with any platform there will be some expense to clearly 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 zero cost sites then might not charge you for actually buying and selling etfs or funds specific products individual stocks.
there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort 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 before you actually start investing in copy trading or copy portfolios and lastly some best guidance finest practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s kick off with costs actually crucial to understand these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling fine so commission fees are free nevertheless there are a couple of other costs the very first one is withdrawal charges so you can certainly put cash in now if you’re in the uk we put our uk cash.
and it’s instantly converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your cash so you sell your shares you sell your products 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 obviously understanding that i’m going to ensure that i’m just withdrawing when i definitely require to now you might state fine that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are simply one of those options that they have a lot of platforms obviously 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 once every 6 months you know depends totally how you’re investing but that is a fee to bear in mind the 2nd cost that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s fine that matches me.
a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading two and two open market anyone at all this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you type of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee is there what are they really 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 provide me us dollars instead you need to pay their costs now the excellent thing about though when you’ve converted your money you do not have to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s really great using that part of their website will not definitely restrict you in any way however we have to understand 2 other fees the very first being what’s called spread charges fine and i’m going to show you what i imply on now a spread charge as i’m going to reveal you Etoro How To Send Crypto.
You are offered many alternatives with this software application and you can configure it however you see fit. If you’re looking to begin trading the forex market however don’t understand which system to select, then this might be precisely what you require.