Not actually having the total of capital…Etoro Uae Review… so with anything that you’re learning about please do study the platform do not simply presume since i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that option as well so you really get utilized to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re buying genuine business if you choose to in this particular video we’re speaking about how to copy other individuals’s investments with your money so clearly your capital is at danger 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 invest in these choices since you think is the right ones for you which being stated let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.
famous for it’s the choice to see what other traders are doing unbelievable we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can really say i wish to do exactly what that trader is doing or match that precise portfolio of options and essentially each time they make a trade they purchase they offer whatever they do your money will be imitated with it so that suggests if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs involved actually critical you comprehend what are the costs of this now with any platform there will be some expense 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 absolutely no charge websites then might not charge you for really buying and selling funds or etfs individual commodities specific stocks.
there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know prior to you really begin investing in copy trading or copy portfolios and finally some best recommendations best practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s kick off with charges really essential to understand these now on there’s a couple of fees there isn’t costs to do with actually buying and selling okay so commission charges are complimentary however there are a number of other costs the very first one is withdrawal fees so you can certainly put money in now if you’re in the uk we put our uk cash.
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 cash 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 obviously knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you may say all right that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are just one of those alternatives that they have a great deal of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every 6 months you understand depends entirely how you’re investing but that is a charge to bear in mind the 2nd cost that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not an option to buy 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 and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading 2 and two free trade anybody this is basic they have i suppose stuck to whatever cost 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 cost exists what are they actually providing 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 terrific aspect of however when you have actually transformed your cash 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 preliminary day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s really great using that part of their site will not definitely limit you in any way nevertheless we have to understand two other charges the very first being what’s called spread fees fine and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you Etoro Uae Review.
You are offered many options with this software and you can configure it nevertheless you see fit. If you’re looking to begin trading the forex market however do not understand which system to select, then this might be precisely what you require.