Not actually having the total of capital…Etoro Trading App Review… so with anything that you’re finding out about please do study the platform do not simply assume because i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that choice too so you actually get used to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re purchasing genuine business if you pick to in this specific video we’re talking about how to copy other individuals’s investments with your money so certainly your capital is at risk and we need to bear that in mind do not simply do something because that individual has actually said they’ve made earnings 14 months in a row purchase these options due to the fact that you believe is the ideal ones for you which being said let’s dive directly 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 becomes part of social trading which is one element that is most likely.
famous for it’s the option to see what other traders are doing unbelievable we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can in fact state i wish to do precisely what that trader is doing or match that precise portfolio of choices and basically every time they make a trade they purchase they offer whatever they do your money will be imitated with it so that indicates if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges involved really vital you understand what are the costs of this now with any platform there will be some cost to certainly 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 a few of the absolutely no charge sites then might not charge you for really buying and selling etfs or funds private commodities individual stocks.
there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges 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 understand prior to you really start purchasing copy trading or copy portfolios and finally some best guidance finest practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s start with costs truly essential to understand these now on there’s a couple of fees there isn’t charges to do with in fact buying and selling all right so commission charges are complimentary however there are a couple of other charges the first one is withdrawal charges so you can undoubtedly put cash in now if you remain 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 on however when you wish to withdraw your money so you sell your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might state fine that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are just among those choices that they have a great deal of platforms obviously 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 as soon as every 6 months you understand depends totally how you’re investing however that is a fee to bear in mind the second fee that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not a choice to buy in euros or uk and that’s great 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 excellent with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading 2 and two free trade anybody this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you sort of have to accept you understand if you want to use their platform go from uk to us then that conversion fee is there what are they in fact giving you in regards to 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 provide me us dollars rather you need to pay their charges now the excellent thing about however when you’ve transformed your money you do not need to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s really good utilizing that part of their website will not certainly restrict you in any way nevertheless we have to be aware of 2 other charges the very first being what’s called spread costs alright and i’m going to reveal you what i indicate on now a spread charge as i’m going to show you Etoro Trading App Review.
In general, traders who utilize EToro in Trading 212 will find it to be one of the very best and easiest platforms to use. You are offered numerous options with this software and you can configure it nevertheless you please. This makes it very flexible and user friendly. Plus, you get trading signals delivered right to you, which is a huge plus. So, if you’re aiming to start trading the forex market however don’t know which system to choose, then this may be precisely what you need.