Not in fact having the total of capital…Etoro Review Warrior Forum… so with anything that you’re learning about please do study the platform do not simply assume because i utilize 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 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 risk this is investing we’re doing you’re buying real business if you select to in this particular video we’re discussing how to copy other individuals’s financial investments with your money so certainly your capital is at threat and we need to bear that in mind do not simply do something since that person has actually said they’ve made earnings 14 months in a row buy these choices because you believe is the right ones for you which being said let’s dive straight in [Music] The 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.
well-known for it’s the option to see what other traders are doing incredible we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can in fact state i wish to do precisely what that trader is doing or match that exact portfolio of choices and essentially whenever they make a trade they purchase they sell whatever they do your cash will be mimicked 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 money in so we’re going to also cover is the charges included really crucial you comprehend what are the expenses of this now with any platform there will be some cost to clearly 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 some of the absolutely no cost websites then may not charge you for in fact buying and selling etfs or funds individual commodities specific 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 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 know before you actually start buying copy trading or copy portfolios and finally some finest suggestions finest practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s kick off with costs really crucial to comprehend these now on there’s a couple of costs there isn’t fees to do with really buying and selling alright so commission charges are totally free however there are a couple of other costs the first one is withdrawal fees so you can clearly put cash in now if you’re 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 later but when you want to withdraw your money so you sell your shares you offer 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 absolutely need to now you may say alright that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal fees are simply among those alternatives that they have a great deal of platforms certainly are complimentary 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 as soon as every six months you know depends totally how you’re investing however that is a fee to bear in mind the second fee that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk which’s fine that fits me.
a great deal 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 utilize anyone so if you’re utilizing trading two and 2 free trade anyone at all this is basic they have actually i suppose stuck with whatever charge they charge for that conversion rate you kind of need to accept you understand if you want to utilize their platform go from uk to us then that conversion cost is there 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 say offer me us dollars instead you have to pay their fees now the terrific thing about though when you’ve converted your cash you do not need to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s actually good using that part of their site will not certainly restrict you in any way however we have to understand two other charges the first being what’s called spread charges alright and i’m going to show you what i mean on now a spread cost as i’m going to reveal you Etoro Review Warrior Forum.
You are offered lots of alternatives with this software application and you can configure it nevertheless you see fit. If you’re looking to begin trading the forex market however don’t understand which system to select, then this might be exactly what you need.