Not actually having the total of capital…Etoro New Crypto Listings Today… so with anything that you’re learning more about please do study the platform don’t just assume since i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they consider that choice as well so you really get utilized to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re buying genuine business if you select to in this specific video we’re speaking about how to copy other people’s financial investments with your money so undoubtedly your capital is at risk and we need to bear that in mind do not simply do something because that individual has actually said they have actually made earnings 14 months in a row buy these choices because you think is the best ones for you and that being said let’s dive directly in [Music] so the important 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 element that is most likely.
famous for it’s the choice to see what other traders are doing incredible we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can actually say i want to do precisely what that trader is doing or match that precise portfolio of alternatives and essentially whenever they make a trade they buy they offer whatever they do your money will be mimicked with it so that indicates 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 costs included actually 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 purchasing the selling for you there’s going to be charges included and even some of the zero cost sites then may not charge you for actually buying and selling funds or etfs individual commodities individual stocks.
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 fees 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 purchasing copy trading or copy portfolios and finally some best suggestions best practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s begin with charges actually important to understand these now on there’s a number of costs there isn’t costs to do with really buying and selling alright so commission fees are totally free however there are a couple of other costs the very first one is withdrawal fees so you can obviously put money 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 on 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 of course understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you may say 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 costs someplace and withdrawal charges are simply among those alternatives that they have a great deal of platforms clearly are free 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 keep in mind the second cost that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’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 good 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 anybody this is standard they have i suppose stuck to whatever fee they charge for that conversion rate you kind of have to accept you know if you wish to utilize their platform go from uk to us then that conversion fee is there what are they in fact 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 state offer me us dollars rather you need to pay their fees now the excellent feature of though when you’ve transformed 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 indicates the preliminary 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 charges so that’s really good using that part of their website won’t definitely limit you in any way nevertheless we have to know two other costs the 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 reveal you Etoro New Crypto Listings Today.
You are given numerous options with this software and you can configure it however you see fit. If you’re looking to start trading the forex market but don’t know which system to choose, then this may be precisely what you require.