Not really having the total of capital…Etoro Review Reddit 2019… so with anything that you’re learning about please do study the platform do not just assume because i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they give that choice too so you in fact get used to the structure of the site and then when you’re ready to use 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 buying genuine companies if you pick to in this specific video we’re talking about how to copy other individuals’s investments with your cash so obviously your capital is at risk and we need to bear that in mind do not simply do something because that person has said they have actually made revenue 14 months in a row buy these options because you think is the best ones for you and that being stated let’s dive straight 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’s part of social trading which is one aspect that is most likely.
popular for it’s the alternative to see what other traders are doing amazing we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our money we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of choices and essentially every time they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that means if for instance 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 likewise cover is the fees included truly crucial you comprehend what are the expenses of this now with any platform there will be some cost to obviously these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the no fee sites then may not charge you for actually buying and selling etfs or funds specific commodities private stocks.
there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs 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 before you really start purchasing copy trading or copy portfolios and lastly some best advice finest practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s begin with charges really essential to comprehend these now on there’s a number of costs there isn’t charges to do with in fact buying and selling okay so commission fees are free nevertheless there are a number of other fees the very first one is withdrawal costs so you can clearly put cash 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 but when you wish to withdraw your money so you offer your shares you sell your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m just withdrawing when i definitely need to now you might say fine that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal fees are just one of those choices that they have a lot of platforms obviously are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every 6 months you know depends entirely how you’re investing but that is a cost to bear in mind the second charge that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not an option to purchase in euros or uk and that’s great that suits me.
a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading 2 and 2 open market anyone at all this is basic they have i suppose stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion charge 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 say give me us dollars instead you need to pay their charges now the fantastic aspect of though when you have actually converted your cash you do not have to invest it right now that dollar worth can being in your portfolio as money 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 fees so that’s really good using that part of their website will not definitely limit you in any way however we have to understand two 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 cost as i’m going to show you Etoro Review Reddit 2019.
You are offered lots of alternatives with this software and you can configure it however you see fit. If you’re looking to begin trading the forex market however don’t know which system to pick, then this may be precisely what you need.