Not in fact having the total of capital…Etoro Reviews Cryptocurrency… so with anything that you’re discovering please do study the platform do not simply presume due to the fact that i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that option as well so you really 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 obviously your capital is at threat this is investing we’re doing you’re purchasing real companies if you pick to in this particular video we’re speaking about how to copy other people’s investments with your cash so clearly your capital is at threat and we need to bear that in mind do not just do something since that individual has said they have actually made earnings 14 months in a row buy these options since you think is the right ones for you and that 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 probably.
popular 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 and so that means with our money we can actually say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and basically each time they make a trade they purchase they sell whatever they do your cash will be mimicked 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 also cover is the costs involved really crucial you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the no fee websites then may not charge you for really buying and selling etfs or funds specific commodities private 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 sort of fees associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know prior to you actually start investing in copy trading or copy portfolios and lastly some finest guidance 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 actually crucial to understand these now on there’s a number of charges there isn’t costs to do with actually buying and selling all right so commission costs are free nevertheless there are a number of other costs the very first one is withdrawal costs so you can certainly put cash in now if you remain in the uk we put our uk money.
and it’s instantly converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money so you sell your shares you offer your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m just withdrawing when i absolutely need to now you may say fine that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are just among those options that they have a great deal of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every 6 months you understand depends completely how you’re investing however that is a charge to remember the 2nd fee that i have actually discussed is that conversion fee 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 perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading 2 and 2 free trade anybody this is basic they have i suppose stuck to whatever cost they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion cost is there what are they in fact providing you in terms of 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 offer me us dollars instead you have to pay their charges now the terrific aspect of though when you’ve transformed your money you do not have to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s really excellent utilizing that part of their website will not certainly limit you in any way nevertheless we have to be aware of two other charges the first being what’s called spread charges alright and i’m going to reveal you what i indicate on now a spread charge as i’m going to show you Etoro Reviews Cryptocurrency.
In general, traders who utilize EToro in Trading 212 will find it to be one of the best and most convenient platforms to use. You are provided many choices with this software and you can configure it nevertheless you see fit. This makes it very versatile and easy to use. Plus, you get trading signals delivered right to you, which is a big plus. So, if you’re wanting to start trading the forex market but do not know which system to select, then this may be precisely what you need.