Not actually having the total of capital…Etoro Closes Crypto When… so with anything that you’re learning about please do study the platform don’t simply presume because i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that alternative also so you in fact get utilized to the structure of the website 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 threat this is investing we’re doing you’re buying real business if you pick to in this specific video we’re speaking about how to copy other people’s financial investments with your cash so obviously your capital is at danger and we need to bear that in mind do not just do something since that individual has said they’ve made earnings 14 months in a row purchase these choices due to the fact that you believe is the ideal ones for you and that being stated let’s dive straight in [Music] so the things we’re going to cover in this video is understanding 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 alternative to see what other traders are doing amazing we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means 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 whenever they make a trade they buy they offer whatever they do your money will be imitated with it so that implies if for instance 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 also cover is the charges involved really vital you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the absolutely no charge websites then may not charge you for actually buying and selling etfs or funds individual products individual stocks.
there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand before you in fact start buying copy trading or copy portfolios and finally some finest recommendations best practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s kick off with costs truly crucial to comprehend these now on there’s a number of costs there isn’t charges to do with actually buying and selling all right so commission fees are free nevertheless there are a couple of other charges the very first one is withdrawal costs so you can clearly put cash in now if you remain 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 in the future but when you wish to withdraw your money so you offer your shares you sell your products 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 naturally understanding that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might say okay that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are simply one of those alternatives that they have a great deal of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you understand depends completely how you’re investing but that is a charge to bear in mind the 2nd fee that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not an alternative to buy in euros or uk and that’s great that matches me.
a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re using trading two and two free trade anybody this is standard they have i suppose stuck to whatever cost they charge for that conversion rate you kind of have 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 regards to 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 need to pay their charges now the fantastic feature of though when you have actually converted your cash you do not have to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that implies the preliminary day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s really good using that part of their site will not certainly limit you in any way however we need to understand two other fees the very first being what’s called spread charges okay and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you Etoro Closes Crypto When.
You are offered lots of alternatives with this software application and you can configure it however you see fit. If you’re looking to start trading the forex market but do not understand which system to pick, then this may be precisely what you need.