Not really having the full amount of capital…Etoro Review Wgucg… so with anything that you’re learning more about please do study the platform do not simply presume because i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that option too so you in fact get utilized to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re purchasing genuine companies if you pick to in this particular video we’re talking 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 simply do something because that person has stated they’ve made earnings 14 months in a row purchase these choices because you think is the best ones for you which being stated let’s dive directly 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 element that is probably.
popular for it’s the option to see what other traders are doing amazing we do not generally 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 money we can really state i want to do exactly what that trader is doing or match that exact portfolio of options and generally whenever they make a trade they buy they sell whatever they do your money will be simulated with it so that means if for example 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 charges included really crucial you understand what are the expenses of this now with any platform there will be some expense to clearly these are genuine companies 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 zero cost websites then might not charge you for in fact buying and selling etfs or funds private commodities private stocks.
there’ll be costs on other parts perhaps it’s our fx rate when you’re changing 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 fees with in particular in this video the next would be things to know before you in fact begin buying copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s begin with costs really crucial to understand these now on there’s a couple of charges there isn’t fees to do with in fact buying and selling all right so commission costs are totally free however there are a couple of other fees the very first one is withdrawal fees so you can undoubtedly put money in now if you remain in the uk we put our uk money.
and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your money so you offer your shares you sell your commodities whatever you’re offering 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 knowing that i’m going to ensure that i’m only withdrawing when i absolutely require to now you may say alright that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are just among 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 mostly it can be maybe even once a year when every 6 months you know depends totally how you’re investing but that is a fee to remember the second charge that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk and that’s great that suits 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 utilize anybody so if you’re using trading 2 and two open market anyone at all this is basic they have i expect stuck to whatever charge they charge for that conversion rate you kind of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost exists what are they actually offering 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 offer me us dollars instead you need to pay their costs now the excellent feature of though when you’ve converted your money 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 buy 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 utilizing that part of their site won’t certainly restrict you in any way nevertheless we have to know 2 other costs the very first being what’s called spread charges alright and i’m going to show you what i indicate on now a spread fee as i’m going to show you Etoro Review Wgucg.
You are given numerous choices 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.