Not in fact having the full amount of capital…Etoro Stock Review… so with anything that you’re learning about please do study the platform don’t just assume since i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they consider that option as well so you actually get used to the structure of the site and after that when you’re ready to utilize your own money 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 investing in real business if you choose to in this particular video we’re discussing how to copy other people’s investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something because that person has actually said they’ve made profit 14 months in a row buy these choices due to the fact that you think is the best 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 aspect that is most likely.
popular for it’s the option to see what other traders are doing unbelievable we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies 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 basically each time they make a trade they buy they offer whatever they do your cash will be simulated with it so that suggests if for example 10 of their investment portfolio is 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 truly important you understand what are the costs 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 included and even some of the absolutely no charge sites then might not charge you for in fact buying and selling etfs or funds specific products private stocks.
there’ll be fees on other parts maybe 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 actually begin purchasing copy trading or copy portfolios and lastly some finest suggestions finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s start with costs actually essential to comprehend these now on there’s a number of charges there isn’t fees to do with actually buying and selling fine so commission fees are totally free however there are a number of other costs the first one is withdrawal fees so you can certainly put cash in now if you’re 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 but when you want to withdraw your cash so you sell your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you may say alright that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are simply one of those alternatives that they have a great deal of platforms certainly are totally 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 when every six months you know depends totally how you’re investing however that is a charge to keep in mind the second fee that i have actually discussed is that conversion fee now with you’re dealing in 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 purchasing or even 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 using trading 2 and two free trade anyone at all this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you type of need to accept you understand if you want to utilize their platform go from uk to us then that conversion charge is there what are they in fact offering 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 say provide me us dollars rather you need to pay their costs now the great aspect of though when you’ve transformed your cash you do not have to invest it right away that dollar worth can sit in your portfolio as cash 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 occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually great using that part of their site won’t definitely restrict you in any way nevertheless we have to know 2 other fees the first being what’s called spread costs all right and i’m going to show you what i mean on now a spread fee as i’m going to show you Etoro Stock Review.
In general, traders who use EToro in Trading 212 will find it to be one of the very best and most convenient platforms to use. You are offered numerous choices with this software and you can configure it nevertheless you please. This makes it very versatile and user friendly. Plus, you get trading signals provided right to you, which is a big plus. If you’re looking to start trading the forex market but don’t know which system to choose, then this might be precisely what you require.