Not in fact having the total of capital…Etoro Smart Portfolio Review… so with anything that you’re discovering please do study the platform do not just presume since i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that option also so you really get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re investing in real business if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your money so undoubtedly your capital is at threat and we have 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 purchase these options due to the fact that you believe 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 alternative to see what other traders are doing incredible we do not usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can in fact say i want to do precisely what that trader is doing or match that specific portfolio of choices and essentially whenever they make a trade they purchase they offer whatever they do your money will be imitated with it so that suggests if for instance 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 charges included really vital you understand what are the expenses of this now with any platform there will be some expense to clearly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the no cost websites then may not charge you for really buying and selling etfs or funds private commodities 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 sort of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know prior to you actually start purchasing copy trading or copy portfolios and finally some finest advice 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 fees actually essential to comprehend these now on there’s a number of charges there isn’t fees 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 fees so you can undoubtedly put cash in now if you remain 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 cash so you sell your shares you sell 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 naturally knowing that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might say all right that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are just one of those alternatives that they have a great deal of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every 6 months you know depends entirely how you’re investing however that is a charge to bear in mind the second cost that i have actually discussed is that conversion fee now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk and that’s fine that suits me.
a great deal of my stocks are us dollar stocks anyway 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 cost now when you utilize anybody so if you’re using trading two and two free trade anyone at all this is basic they have i suppose stuck with whatever charge they charge for that conversion rate you kind of have 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 offering 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 rather you need to pay their charges now the great thing about though when you have actually transformed your cash you do not need to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies 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 extra fees so that’s actually excellent using that part of their site won’t certainly limit you in any way however we need 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 charge as i’m going to show you Etoro Smart Portfolio Review.
In general, traders who use EToro in Trading 212 will find it to be among the best and easiest platforms to utilize. You are given numerous choices with this software application and you can configure it nevertheless you please. This makes it very versatile and user friendly. Plus, you get trading signals delivered right to you, which is a big plus. So, if you’re wanting to begin trading the forex market but do not know which system to choose, then this may be precisely what you need.